WallStSmart

Ero Copper Corp (ERO)vsSantacruz Silver Mining Ltd. Common Shares (SCZM)

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Smart Verdict

WallStSmart Research — data-driven comparison

Ero Copper Corp generates 141% more annual revenue ($923.93M vs $383.60M). ERO leads profitability with a 31.6% profit margin vs 16.0%. SCZM trades at a lower P/E of 10.4x. ERO earns a higher WallStSmart Score of 78/100 (B+).

ERO

Strong Buy

78

out of 100

Grade: B+

Growth: 10.0Profit: 9.5Value: 5.7Quality: 6.5
Piotroski: 6/9Altman Z: 2.16

SCZM

Strong Buy

66

out of 100

Grade: B-

Growth: 8.7Profit: 9.0Value: 6.7Quality: 7.0
Piotroski: 5/9Altman Z: 1.96
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Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EROSignificantly Overvalued (-17.0%)

Margin of Safety

-17.0%

Fair Value

$26.93

Current Price

$30.45

$3.52 premium

UndervaluedFair: $26.93Overvalued

Intrinsic value data unavailable for SCZM.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ERO6 strengths · Avg: 9.7/10
P/E RatioValuation
10.5x10/10

Attractively priced relative to earnings

Return on EquityProfitability
32.5%10/10

Every $100 of equity generates 33 in profit

Profit MarginProfitability
31.6%10/10

Keeps 32 of every $100 in revenue as profit

Operating MarginProfitability
34.7%10/10

Strong operational efficiency at 34.7%

Revenue GrowthGrowth
110.4%10/10

Revenue surging 110.4% year-over-year

Price/BookValuation
2.9x8/10

Reasonable price relative to book value

SCZM6 strengths · Avg: 9.5/10
P/E RatioValuation
10.4x10/10

Attractively priced relative to earnings

Revenue GrowthGrowth
81.4%10/10

Revenue surging 81.4% year-over-year

EPS GrowthGrowth
182.4%10/10

Earnings expanding 182.4% YoY

Debt/EquityHealth
0.0410/10

Conservative balance sheet, low leverage

Return on EquityProfitability
29.3%9/10

Every $100 of equity generates 29 in profit

Price/BookValuation
2.8x8/10

Reasonable price relative to book value

Areas to Watch

ERO0 concerns · Avg: 0/10

No major concerns identified

SCZM3 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.964/10

Grey zone — moderate risk

Market CapQuality
$629.71M3/10

Smaller company, higher risk/reward

Free Cash FlowQuality
$-1.08M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : ERO

The strongest argument for ERO centers on P/E Ratio, Return on Equity, Profit Margin. Profitability is solid with margins at 31.6% and operating margin at 34.7%. Revenue growth of 110.4% demonstrates continued momentum.

Bull Case : SCZM

The strongest argument for SCZM centers on P/E Ratio, Revenue Growth, EPS Growth. Profitability is solid with margins at 16.0% and operating margin at 26.6%. Revenue growth of 81.4% demonstrates continued momentum.

Bear Case : ERO

No major red flags identified for ERO, but monitor valuation.

Bear Case : SCZM

The primary concerns for SCZM are Altman Z-Score, Market Cap, Free Cash Flow.

Key Dynamics to Monitor

SCZM carries more volatility with a beta of 2.72 — expect wider price swings.

ERO is growing revenue faster at 110.4% — sustainability is the question.

ERO generates stronger free cash flow (20M), providing more financial flexibility.

Monitor COPPER industry trends, competitive dynamics, and regulatory changes.

Bottom Line

ERO scores higher overall (78/100 vs 66/100), backed by strong 31.6% margins and 110.4% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Ero Copper Corp

BASIC MATERIALS · COPPER · USA

Ero Copper Corp. The company is headquartered in Vancouver, Canada.

Santacruz Silver Mining Ltd. Common Shares

BASIC MATERIALS · OTHER INDUSTRIAL METALS & MINING · USA

Santacruz Silver Mining Ltd., engages in the acquisition, exploration, development, production, and operation of mineral properties in Latin America. The company is headquartered in Vancouver, Canada.

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