Southern Copper Corporation (SCCO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-56.8%

$78.81

vs $182.41 price

Levered DCF

$73.46

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

10.09

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	27.06×	20.82×	26.2×	16.66×	13.22×	30.17×	20.81×	14.47×
P/B	10.77×	7.51×	8.57×	5.43×	5.51×	6.55×	4.54×	3.41×
P/S	8.85×	6.03×	6.43×	4.37×	4.1×	5.93×	4.24×	3.15×
EV / EBITDA	15.2×	11.11×	13.58×	9.09×	7.19×	13.55×	10.46×	7.76×
Gross margin	56.7%	49.7%	43.6%	45.4%	56.6%	40.7%	39.6%	42.0%
Operating margin	52.2%	48.6%	42.4%	44.1%	55.5%	39.1%	37.8%	40.6%
Net margin	32.3%	29.5%	24.5%	26.3%	31.1%	19.7%	20.4%	21.7%
Current ratio	3.89×	2.75×	3.19×	4.2×	2.73×	3.48×	2.83×	2.62×
Debt / equity	0.67×	0.76×	0.95×	0.88×	0.92×	1.04×	1.17×	0.91×
Interest coverage	18.95×	16.63×	12.83×	13.04×	16.98×	8.51×	8.08×	10.4×
Dividend yield	2.1%	2.4%	4.9%	6.2%	5.5%	2.4%	4.1%	4.8%
Payout ratio	57.3%	48.5%	127.5%	102.6%	72.8%	73.8%	85.7%	70.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	39.3%	36.8%	32.7%	32.6%	41.7%	21.7%	21.8%	23.5%
Return on invested capital	23.1%	20.6%	16.7%	17.2%	22.1%	11.4%	10.9%	13.1%
Return on assets	20.3%	18.0%	14.5%	15.3%	18.6%	9.3%	9.1%	10.7%
Free cash flow yield	2.9%	4.9%	4.0%	4.2%	7.6%	4.6%	3.9%	5.0%
Earnings yield	3.6%	4.9%	3.8%	6.0%	7.6%	3.3%	4.8%	6.9%
Enterprise value	$121.9B	$72.6B	$69.5B	$49B	$49.3B	$52.7B	$37B	$27.5B
Net debt / EBITDA	0.39×	0.57×	1.15×	0.93×	0.65×	1.37×	1.72×	1.44×
Cash conversion cycle (days)	67	67	69	77	78	79	85	82