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Southern Copper (SCCO) USD

At a glance: strengths & risks
Revenue growing (+17%)Profit growing (+28%)Margins improving (56%→59%)Low leverage (0.3x EBITDA)

Sector: Copper mining

Geography: Peru, Mexico

COMM_SCCO

Price chart

194.48 USDDay -1.65%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
194.48 USD · -1.65%
Market cap
163.7 bn USD

Growth

Δ revenue y/y
40.6%
Δ EBITDA y/y
59.3%

Multiples

P/E (LTM)
28.8x
3y avg: 25.1x
P/B (FY)
14.8x
P/E (ann.)
24.4x
EV/EBITDA (LTM)
16.6x
3y avg: 13.8x
EV/EBITDA (ann.)
14.4x

Cash return

Dividend yield
2.4%
FCF yield (LTM)
3.2%

Value creation

to target market cap (spot commodity model)
Upside (potential)

Liquidity

Daily turnover (listing)
225 mln USD

Shares: yahoo_fundamentals_timeseries/SCCO

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-06-30Q2 2026 (3M)OK4.3
y/y 40.6%
2.6
y/y 65.3%
0.2
y/y 12.9%
2.9
y/y 59.3%
1.7
y/y 71.5%
2.0-0.424.1
y/y 23.4%
12.6
y/y 26.5%
54.9%0.7Link
2026-03-31Q1 2026 (3M)OK4.3
y/y 36.2%
2.5
y/y 61.5%
0.2
y/y 0.8%
2.7
y/y 53.8%
1.6
y/y 66.7%
1.7-0.421.9
y/y 10.8%
11.8
y/y 23.2%
55.4%2.1Link
2025-12-31Q4 2025 (3M)OK3.9
y/y 39.0%
2.1
y/y 61.4%
0.2
y/y 7.7%
2.3
y/y 53.9%
1.3
y/y 64.7%
1.5-0.421.4
y/y 14.3%
11.0
y/y 20.4%
40.5%2.5Link
2025-09-30Q3 2025 (3M)OK3.4
y/y 15.2%
1.8
y/y 22.0%
0.2
y/y -2.5%
2.0
y/y 18.8%
1.1
y/y 23.5%
1.6-0.320.3
y/y 10.4%
10.4
y/y 17.1%
14.5%2.9Link
2025-06-30Q2 2025 (3M)OK3.1
y/y -2.2%
1.6
y/y -1.3%
0.2
y/y -1.6%
1.8
y/y -1.3%
1.0
y/y 2.4%
1.0-0.219.6
y/y 10.0%
10.0
y/y 17.6%
40.0%3.4Link
2025-03-31Q1 2025 (3M)OK3.1
y/y 20.1%
1.5
y/y 29.1%
0.2
y/y 7.1%
1.8
y/y 25.8%
0.9
y/y 28.5%
0.7-0.319.8
y/y 17.9%
9.6
y/y 26.9%
40.5%3.6Link
2024-12-31Q4 2024 (3M)OK2.8
y/y 21.3%
1.3
y/y 50.5%
0.2
y/y 2.9%
1.5
y/y 41.3%
0.8
y/y 78.0%
1.4-0.218.7
y/y 11.9%
9.2
y/y 23.6%
37.5%3.5Link
2024-09-30Q3 2024 (3M)OK2.9
y/y 17.0%
1.5
y/y 35.6%
0.2
y/y 0.3%
1.7
y/y 29.8%
0.9
y/y 44.7%
1.4-0.218.4
y/y 8.5%
8.9
y/y 15.2%
13.8%4.0Link
2024-06-30Q2 2024 (3M)OK3.1
y/y 35.5%
1.6
y/y 78.5%
0.2
y/y 0.2%
1.8
y/y 63.7%
1.0
y/y 73.5%
1.0-0.317.8
y/y 4.9%
8.5
y/y 7.5%
47.6%4.8Link
2024-03-31Q1 2024 (3M)OK2.6
y/y -6.9%
1.2
y/y -12.1%
0.2
y/y 2.6%
1.4
y/y -10.2%
0.7
y/y -9.4%
0.7-0.216.8
y/y -3.1%
7.5
y/y -7.2%
39.5%5.4Link
2023-12-31Q4 2023 (3M)OK2.3
y/y
0.9
y/y
0.2
y/y
1.1
y/y
0.4
y/y
0.5-0.316.7
y/y
7.4
y/y
32.1%5.3Link
2023-09-30Q3 2023 (3M)OK2.5
y/y
1.1
y/y
0.2
y/y
1.3
y/y
0.6
y/y
1.0-0.317.0
y/y
7.7
y/y
10.6%4.8Link
2023-06-30Q2 2023 (3M)OK2.3
y/y
0.9
y/y
0.2
y/y
1.1
y/y
0.5
y/y
0.8-0.316.9
y/y
7.9
y/y
27.4%4.9Link
2023-03-31Q1 2023 (3M)OK2.8
y/y
1.4
y/y
0.2
y/y
1.6
y/y
0.8
y/y
1.2-0.217.3
y/y
8.1
y/y
4.6Link

Net debt structure (leases included, IFRS 16) 2026-06-30

Long-term debt (incl. LT leases)7 994
− Cash & equivalents7 330
Net debt664

Net debt / LTM EBITDA: 0.1x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

01 0002 0003 0004 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-20%0%20%40%60%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

05001 0001 5002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

02 0004 0006 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2023–2025 operating cash flow came to 1.30x of reported net profit; after capex, 1.00x.
year202320242025
cash flow / profit1.47x1.30x1.09x
accruals, % of assets-6.8%-5.5%-1.9%
Last twelve months (to 2025-Q3): 1.19x of profit came back as operating cash flow.
net debt / EBITDA 0.3x · capex 1.3x of depreciation · dividends 77% of free cash flow · share count +1.9% a year
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Copper

Proved reserves
108 955 mln copper pounds eq.
2025
Reserve life (R/P)
40.1 yrs
reserves ÷ annual output
Annual production
2 719 mln copper pounds eq.
2025

Production, mln copper pounds eq.

2 58420212 39420222 44120232 67520242 7192025

Proved reserves

YearReserves, mln copper pounds eq.
2025108 955
2024517 167
2023497 542
2021489 652

Production

YearProduction, mln copper pounds eq.per day, mln copper pounds eq.
2026654.35 * (3M)
−2.8%
7.17
20252 719
+1.7%
7.45
20242 675
+9.6%
7.33
20232 441
+1.9%
6.69
20222 394
−7.3%
6.56
20212 5847.08
2020665.81 * (3M)7.29

* partial year

EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)

Key-commodity price — Copper

Current 14 709spot vs LTM +20%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -21.6% ▲ +1.3 pp 1d

Main driver: Copper +20% vs LTM; revenue ×1.17 vs costs ×1.04; EBITDA 9 880→10 136; at 12.0× EV/EBITDA → -22%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $vs LTM, CHF3y vs LTM
Copper (rev)+81%14 708.9812 225.5910 848.98+20%+18%-11%
Silver (rev)+6%64.6962.3042.21+4%+2%-32%
Zinc (rev)+3%3 730.653 149.592 995.58+18%+16%-5%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue15 788
LTM EBITDA9 880
LTM cash costs (revenue − EBITDA)5 908
2 · Revenue projection
Revenue multiplier — spot×1.173 (+17%)
= Spot revenue18 523
Revenue multiplier — 3y price×0.888 (-11%)
= 3-year-price revenue14 027
3 · Costs projection
Cost multiplier — spot×1.039 (+4%)
= Spot cash costs6 139
Cost multiplier — 3y price×1.039 (+4%)
= 3-year-price cash costs6 139
4 · EBITDA projection (revenue − costs)
= Spot EBITDA12 384
= 3-year-price EBITDA7 888
Conservative EBITDA = min(spot, avg)10 136
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)12.0x
Target EV = EV/EBITDA × conservative EBITDA121 632
Net debt2 329
Target market cap = EV − net debt119 302
Current market cap152 153

Upside = target market cap ÷ current − 1 = -21.6%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2024 Q12 6002 473+5.1%1 3991 232+13.5%
2024 Q23 1182 839+9.9%1 8171 633+11.3%
2024 Q32 9312 832+3.5%1 6631 595+4.3%
2024 Q42 7842 884-3.4%1 5221 657-8.2%
2025 Q13 1223 079+1.4%1 7591 846-4.7%
2025 Q23 0513 190-4.4%1 7931 843-2.7%
2025 Q33 3773 231+4.5%1 9771 869+5.8%
2025 Q43 8703 511+10.2%2 3412 120+10.4%
2026 Q14 2514 096+3.8%2 7062 634+2.7%
2026 Q24 2894 320-0.7%2 8562 852+0.1%

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +17% vs +16% the year before — a +1.8 pp move. 3-year CAGR —.
revenue growth by year: 2024 +16% · 2025 +17%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 13.8x · target 75th pct (3y) 14.4x · LTM avg 16.2x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-08-111.1 USDEx-dividend: 1.1 USD per sharePaidYahoo Finance (ex-div)
2026-05-130.9881 USDEx-dividend: 0.9881 USD per sharePaidYahoo Finance (ex-div)
2026-02-100.9784 USDEx-dividend: 0.9784 USD per sharePaidYahoo Finance (ex-div)
2025-11-120.8731 USDEx-dividend: 0.8731 USD per sharePaidYahoo Finance (ex-div)
2025-08-150.7695 USDEx-dividend: 0.7695 USD per sharePaidYahoo Finance (ex-div)
2025-05-020.6666 USDEx-dividend: 0.6666 USD per sharePaidYahoo Finance (ex-div)
2025-02-110.6601 USDEx-dividend: 0.6601 USD per sharePaidYahoo Finance (ex-div)
2024-11-060.6553 USDEx-dividend: 0.6553 USD per sharePaidYahoo Finance (ex-div)
2024-08-090.5582 USDEx-dividend: 0.5582 USD per sharePaidYahoo Finance (ex-div)
2024-02-120.7325 USDEx-dividend: 0.7325 USD per sharePaidYahoo Finance (ex-div)
2023-11-070.9157 USDEx-dividend: 0.9157 USD per sharePaidYahoo Finance (ex-div)
2023-08-080.9157 USDEx-dividend: 0.9157 USD per sharePaidYahoo Finance (ex-div)
2023-05-080.9157 USDEx-dividend: 0.9157 USD per sharePaidYahoo Finance (ex-div)
2023-02-130.9157 USDEx-dividend: 0.9157 USD per sharePaidYahoo Finance (ex-div)
2022-11-080.4578 USDEx-dividend: 0.4578 USD per sharePaidYahoo Finance (ex-div)
2022-08-100.6868 USDEx-dividend: 0.6868 USD per sharePaidYahoo Finance (ex-div)
2022-05-161.1446 USDEx-dividend: 1.1446 USD per sharePaidYahoo Finance (ex-div)
2022-02-140.9157 USDEx-dividend: 0.9157 USD per sharePaidYahoo Finance (ex-div)
2021-11-090.9157 USDEx-dividend: 0.9157 USD per sharePaidYahoo Finance (ex-div)
2021-08-110.8241 USDEx-dividend: 0.8241 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Southern Copper (SCCO) — from primary filings.

Southern Copper Corporation is a mining company that extracts, smelts, and refines copper and other minerals such as molybdenum, zinc, silver, gold, and lead. It operates open-pit and underground mines, concentrators, smelters, refineries, and rod plants in Peru and Mexico.

Frequently asked questions

What is Southern Copper (SCCO)'s P/E ratio?
Southern Copper (SCCO) trades at a P/E of 28.8x (price to trailing 12-month earnings).
What is Southern Copper (SCCO)'s EV/EBITDA?
Southern Copper (SCCO) trades at 16.6x EV/EBITDA.
What is Southern Copper (SCCO)'s P/B ratio?
Southern Copper (SCCO) trades at a P/B of 14.8x.
What is Southern Copper (SCCO)'s dividend yield?
Southern Copper (SCCO)'s trailing 12-month dividend yield is 2.4%.
What is Southern Copper (SCCO)'s return on equity (ROE)?
Southern Copper (SCCO)'s ROE is 54.9%.
What is Southern Copper (SCCO)'s market capitalization?
Southern Copper (SCCO)'s market cap is 163.7 bn USD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map