이 페이지를 로드하는 동안 오류가 발생한 것 같습니다.
지원팀에 전달되었습니다. 만약 문제가 지속될 경우 이메일 지원 위젯을 통해 다시 문의 부탁드립니다.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 10.4x - 11.4x | 10.9x |
| Selected Fwd EBIT Multiple | 2.2x - 2.4x | 2.3x |
| Fair Value | C$6.13 - C$6.77 | C$6.45 |
| Upside | 23.1% - 35.9% | 29.5% |
| Benchmarks | Ticker | Full Ticker |
| IAMGOLD Corporation | IMG | TSX:IMG |
| Aya Gold & Silver Inc. | AYA | TSX:AYA |
| Fortuna Mining Corp. | FVI | TSX:FVI |
| Avino Silver & Gold Mines Ltd. | ASM | TSX:ASM |
| New Gold Inc. | NGD | TSX:NGD |
| Allied Gold Corporation | AAUC | TSX:AAUC |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| IMG | AYA | FVI | ASM | NGD | AAUC | ||
| TSX:IMG | TSX:AYA | TSX:FVI | TSX:ASM | TSX:NGD | TSX:AAUC | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | NM- | NM- | 36.5% | NM- | 76.7% | NM- | |
| 3Y CAGR | NM- | NM- | 18.6% | NM- | 10.0% | 107.3% | |
| Latest Twelve Months | 33700.0% | -148.2% | 435.6% | 5074.9% | 211.0% | 730.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 3.8% | -1.8% | 13.9% | -23.5% | 8.2% | 9.2% | |
| Prior Fiscal Year | 0.1% | 4.2% | 5.2% | 0.7% | 7.3% | 2.4% | |
| Latest Fiscal Year | 29.0% | 11.3% | 22.2% | 23.1% | 19.2% | 18.2% | |
| Latest Twelve Months | 29.0% | -7.5% | 22.2% | 23.1% | 19.2% | 18.2% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 2.78x | 29.82x | 1.83x | 3.79x | 3.41x | 1.53x | |
| EV / LTM EBITDA | 6.9x | -661.7x | 4.1x | 13.3x | 7.4x | 6.1x | |
| EV / LTM EBIT | 9.6x | -399.1x | 8.2x | 16.4x | 17.7x | 8.4x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -399.1x | 9.6x | 17.7x | ||||
| Historical EV / LTM EBIT | 8.4x | 12.2x | 16.1x | ||||
| Selected EV / LTM EBIT | 10.4x | 10.9x | 11.4x | ||||
| (x) LTM EBIT | 133 | 133 | 133 | ||||
| (=) Implied Enterprise Value | 1,380 | 1,453 | 1,525 | ||||
| (-) Non-shareholder Claims * | 27 | 27 | 27 | ||||
| (=) Equity Value | 1,407 | 1,479 | 1,552 | ||||
| (/) Shares Outstanding | 328.9 | 328.9 | 328.9 | ||||
| Implied Value Range | 4.28 | 4.50 | 4.72 | ||||
| FX Rate: USD/CAD | 0.7 | 0.7 | 0.7 | Market Price | |||
| Implied Value Range (Trading Cur) | 6.12 | 6.44 | 6.75 | 4.98 | |||
| Upside / (Downside) | 22.9% | 29.3% | 35.6% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | IMG | AYA | FVI | ASM | NGD | AAUC | |
| Enterprise Value | 4,520 | 1,221 | 1,940 | 250 | 3,148 | 1,118 | |
| (+) Cash & Short Term Investments | 349 | 55 | 231 | 27 | 110 | 225 | |
| (+) Investments & Other | 24 | 0 | 0 | 1 | 0 | 0 | |
| (-) Debt | (1,153) | (100) | (194) | (3) | (400) | (128) | |
| (-) Other Liabilities | (64) | (4) | (62) | 0 | 0 | (71) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 3,676 | 1,172 | 1,915 | 276 | 2,858 | 1,144 | |
| (/) Shares Outstanding | 572.4 | 130.8 | 306.5 | 140.9 | 791.3 | 328.9 | |
| Implied Stock Price | 6.42 | 8.96 | 6.25 | 1.96 | 3.61 | 3.48 | |
| FX Conversion Rate to Trading Currency | 0.70 | 0.70 | 0.70 | 0.70 | 0.70 | 0.70 | |
| Implied Stock Price (Trading Cur) | 9.19 | 12.82 | 8.94 | 2.80 | 5.17 | 4.98 | |
| Trading Currency | CAD | CAD | CAD | CAD | CAD | CAD | |
| FX Rate to Reporting Currency | 0.70 | 0.70 | 0.70 | 0.70 | 0.70 | 0.70 | |