SCCO
SOUTHERN COPPER CORP/
Next earnings Jul 27, 2026 · consensus $1.84 EPS, $4.13B rev
Last earnings -1.2% on 2026-04-29
$172.01
▲ +2.11%$172.01▲ +78.32%
over 1Y
L $85.20H $215.54
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+2.1%
1W-1.6%
1M-14.6%
3M-1.8%
YTD+19.0%
1Y+78.3%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 17 analysts
Sell
Best-in-class copper miner firing on all cylinders, but 36.8x peak earnings already prices in the supercycle — own it, don't chase it.
P/E (price / FY diluted EPS $5.24) 36.8 · FY2025
The read
Middling fundamentals offset by an attractive price (~16% below fair value) — worth a look on the value angle.
SCCO posted record FY2025 numbers: revenue $13.4B (+17.4%), net income $4.35B (+28.3%), diluted EPS $5.24 (+24.5%), with elite profitability — 52.2% operating margin, 32.4% net margin and a 39.4% ROE that few miners on earth can match. But the MD&A makes clear this was a price-led, not volume-led, year: pounds of copper sold actually slipped (2,067.0M vs 2,069.1M) while average LME copper rose +8.7% to $4.51 and silver jumped +41.6%. With copper at ~75% of sales and a stated sensitivity of $120M of net income per $0.10/lb move, these are cyclically-elevated, commodity-driven earnings — not a structurally higher run-rate.
The balance sheet is a fortress and supports owning the name: $4.30B cash against $6.75B long-term debt (plus $500M current) leaves modest net leverage, current assets cover current liabilities ~3.9x, and 2025 operating cash flow of $4.75B funded $1.33B of capex with ~$3.4B left over. Capital return is generous — dividends paid $2.49B (+51.8%) — though that ~57% payout outran retained earnings, which fell 15.2%, a sign distributions are running hot relative to reinvestment.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 19, 2026, 2:14 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $10.9B | $10.0B | $9.90B | $11.4B | $13.4B |
| Gross profit | — | — | — | — | — |
| Operating income | $6.07B | $4.44B | $4.19B | $5.55B | $7.00B |
| Net income | $3.41B | $2.65B | $2.43B | $3.39B | $4.35B |
| Diluted EPS | $4.39 | $3.41 | $3.05 | $4.21 | $5.24 |
| Net margin | 31.2% | 26.4% | 24.6% | 29.6% | 32.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$146B
EV / EBITDA18.6
EV / Sales10.9
EV / FCF42.7
P / FCF41.9
PEG (trailing)1.16
Earnings yield3.0%
FCF yield2.4%
Quality & risk
ROIC (est.)30.2%
Free cash flow$3.43B
Total debt$7.25B
Net cash-$2.95B
Piotroski F-Score6/9
Capital returns
Buyback yield0.0%
Dividend yield (est.)1.7%
Shareholder yield1.8%
Shares Δ YoY+2.9%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Other event2026-06-26
- 8-K Material agreement2026-06-25
- 8-K Other event2026-06-17
Filed an other-events disclosure (Item 8.01) with supporting exhibits
- 10-Q Quarterly report2026-04-30
Q1 2026 10-Q; high copper prices and ~52% operating margin
- 8-K Officer / director change2026-04-29
Released Q1 2026 results; copper-led earnings momentum continued
- 8-K Earnings results2026-04-29
Released Q1 2026 results; copper-led earnings momentum continued
- 8-K Officer / director change2026-04-17
Annual proxy: director slate and exec comp up for shareholder vote
- DEF 14A Proxy statement2026-04-17
Annual proxy: director slate and exec comp up for shareholder vote
- 10-K Annual report2026-02-27
FY2025 10-K: record $13.4B sales, EPS $5.24; 2026 capex set at $1.93B
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-242026-06-26open ↗8-KPeriod ending 2026-06-252026-06-25open ↗8-KPeriod ending 2026-06-162026-06-17open ↗424B3Filing2026-06-17open ↗FWPFiling2026-06-17open ↗424B2Filing2026-06-15open ↗S-3ASRFiling2026-06-15open ↗4Period ending 2026-06-052026-06-05open ↗4Period ending 2026-06-022026-06-02open ↗4Period ending 2026-05-212026-05-22open ↗4Period ending 2026-05-152026-05-18open ↗144Filing2026-05-12open ↗
Frequently asked
- Is SOUTHERN COPPER CORP/ (SCCO) a buy?
- SCCO currently carries a Hold rating with 4/5 conviction, derived from its latest SEC filings. Best-in-class copper miner firing on all cylinders, but 36.8x peak earnings already prices in the supercycle — own it, don't chase it.
- What is SCCO's fair value?
- A Modified-Graham model based on SCCO's SEC fundamentals estimates a fair value of about $199.12. It is an estimate from reported earnings, not a price target.
- Is SCCO overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, SCCO currently appears undervalued relative to its SEC-grounded earnings power.
- What is SOUTHERN COPPER CORP/'s quality score?
- SCCO scores 75.36018749591885/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001001838, latest 10-Q filed 2026-04-30) · EODHD · Proprietary analysis · as of 6/19/2026, 6:14:27 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.