Ivanhoe Electric Inc. (IE) vs Southern Copper Corporation (SCCO)

Ivanhoe Electric Inc. and Southern Copper Corporation are both Copper companies. Southern Copper Corporation is the larger, with a market value of $170.4B against $1.6B — 107.2× the size. Ivanhoe Electric Inc. has negative trailing earnings, so its P/E is not meaningful; Southern Copper Corporation trades at 29.8×. Southern Copper Corporation grew revenue faster over the last twelve months: 32.8% against −20.6%. Southern Copper Corporation has the higher net margin (35.9% vs −1,138.7%) and the higher return on invested capital (42.0% vs 2.92%). Across the 20 metrics below, Southern Copper Corporation leads on 16 and Ivanhoe Electric Inc. on 4.

Valuation

Metric IE SCCO Copper median
P/E n/m 29.81 —
P/S 554.21 10.71 4.32
P/B 3.16 13.30 3.23
Price to free cash flow n/m 33.15 —
EV/EBITDA 86.84 17.24 12.02
EV/Sales 488.35 10.78 4.81
Earnings yield (7.56%) 3.35% 3.35%
Free cash flow yield (7.87%) 3.02% 2.65%

Profitability

Metric IE SCCO Copper median
Gross margin 58.72% 63.79% 42.75%
Operating margin 474.50% 56.90% 44.67%
Net margin (1,138.74%) 35.87% 27.48%
Free cash flow margin (4,302.05%) 32.31% 11.46%
Return on equity (8.18%) 49.75% 16.70%
Return on assets (6.99%) 25.93% 9.91%
Return on invested capital 2.92% 41.98% 12.50%

Growth

Metric IE SCCO Copper median
Revenue growth (TTM) (20.57%) 32.80% 12.09%
EPS growth (last fiscal year) 26.17% 21.02% —
Revenue growth, 5-year CAGR (6.88%) 10.94% 12.79%
Net income growth, 5-year CAGR 0.00% 22.52% 22.52%

Health

Metric IE SCCO Copper median
Debt to equity 0.07 0.63 0.29
Current ratio 5.05 5.06 2.24
Net debt to EBITDA 1.29 0.23 0.61

Dividend

Metric IE SCCO Copper median
Dividend yield — 3.78% —
Payout ratio — 0.90 —

Size

Metric IE SCCO Copper median
Market cap 1.59b 170.40b 11.64b

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