WallStSmart

Almonty Industries Inc. Common Shares (ALM)vsEro Copper Corp (ERO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Ero Copper Corp generates 1118% more annual revenue ($1.04B vs $85.80M). ALM leads profitability with a 125.2% profit margin vs 29.8%. ERO trades at a lower P/E of 13.0x. ERO earns a higher WallStSmart Score of 73/100 (B).

ALM

Buy

57

out of 100

Grade: C

Growth: 6.7Profit: 6.5Value: 4.0Quality: 5.5
Piotroski: 4/9Altman Z: 0.58

ERO

Strong Buy

73

out of 100

Grade: B

Growth: 9.3Profit: 9.5Value: 5.7Quality: 7.0
Piotroski: 6/9Altman Z: 2.16
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for ALM.

EROFair Value (-4.7%)

Margin of Safety

-4.7%

Fair Value

$30.09

Current Price

$35.47

$5.38 premium

UndervaluedFair: $30.09Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ALM3 strengths · Avg: 10.0/10
Profit MarginProfitability
125.2%10/10

Keeps 125 of every $100 in revenue as profit

Operating MarginProfitability
37.5%10/10

Strong operational efficiency at 37.5%

Revenue GrowthGrowth
497.7%10/10

Revenue surging 497.7% year-over-year

ERO6 strengths · Avg: 9.2/10
Return on EquityProfitability
32.5%10/10

Every $100 of equity generates 33 in profit

Operating MarginProfitability
37.6%10/10

Strong operational efficiency at 37.6%

Revenue GrowthGrowth
73.9%10/10

Revenue surging 73.9% year-over-year

Profit MarginProfitability
29.8%9/10

Keeps 30 of every $100 in revenue as profit

P/E RatioValuation
13.0x8/10

Attractively priced relative to earnings

EPS GrowthGrowth
25.0%8/10

Earnings expanding 25.0% YoY

Areas to Watch

ALM4 concerns · Avg: 3.3/10
Price/BookValuation
11.2x4/10

Trading at 11.2x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Debt/EquityHealth
1.473/10

Elevated debt levels

P/E RatioValuation
87.3x2/10

Premium valuation, high expectations priced in

ERO0 concerns · Avg: 0/10

No major concerns identified

Comparative Analysis Report

WallStSmart Research

Bull Case : ALM

The strongest argument for ALM centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 125.2% and operating margin at 37.5%. Revenue growth of 497.7% demonstrates continued momentum.

Bull Case : ERO

The strongest argument for ERO centers on Return on Equity, Operating Margin, Revenue Growth. Profitability is solid with margins at 29.8% and operating margin at 37.6%. Revenue growth of 73.9% demonstrates continued momentum.

Bear Case : ALM

The primary concerns for ALM are Price/Book, EPS Growth, Debt/Equity. A P/E of 87.3x leaves little room for execution misses.

Bear Case : ERO

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

Key Dynamics to Monitor

ERO carries more volatility with a beta of 1.67 — expect wider price swings.

ALM is growing revenue faster at 497.7% — sustainability is the question.

ERO generates stronger free cash flow (52M), providing more financial flexibility.

Monitor OTHER INDUSTRIAL METALS & MINING industry trends, competitive dynamics, and regulatory changes.

Bottom Line

ERO scores higher overall (73/100 vs 57/100), backed by strong 29.8% margins and 73.9% revenue growth. Both earn "Strong Buy" and "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.

Almonty Industries Inc. Common Shares

BASIC MATERIALS · OTHER INDUSTRIAL METALS & MINING · USA

Almonty Industries Inc. engages in mining, processing, and shipping of tungsten concentrates. The company is headquartered in Dillon, Montana.

Ero Copper Corp

BASIC MATERIALS · COPPER · USA

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

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