Financials Agnico Eagle Mines Limited

Equities

AEM

CA0084741085

Gold

Market Closed - Nyse Other stock markets 04:00:01 2024-05-07 pm EDT			5-day change	1st Jan Change
65.88 ^USD	-0.38%		+3.99%	+20.11%

May. 03	Agnico Eagle Mines Limited's Equity Buyback announced on April 27, 2023, has expired.	CI
May. 02	The anomaly behind gold

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	14,731	17,083	12,983	23,658	27,210	32,780	-	-
Enterprise Value (EV) ¹	16,142	18,362	14,138	24,341	28,715	34,214	33,663	32,887
P/E ratio	31 x	33.6 x	23.9 x	34 x	13.9 x	21.9 x	22.9 x	26.5 x
Yield	0.89%	1.56%	2.63%	3.08%	2.92%	2.31%	2.43%	2.43%
Capitalization / Revenue	5.9 x	5.44 x	3.4 x	4.12 x	4.11 x	4.31 x	4.14 x	4.24 x
EV / Revenue	6.47 x	5.85 x	3.7 x	4.24 x	4.33 x	4.49 x	4.25 x	4.26 x
EV / EBITDA	15.8 x	12.4 x	7.98 x	9.34 x	8.78 x	8.59 x	7.97 x	8.24 x
EV / FCF	-16,607 x	42.4 x	31.5 x	43.6 x	30.3 x	23.5 x	21 x	20.3 x
FCF Yield	-0.01%	2.36%	3.17%	2.29%	3.3%	4.25%	4.76%	4.93%
Price to Book	2.89 x	3 x	2.17 x	1.46 x	-	-	-	-
Nbr of stocks (in thousands)	239,097	242,276	244,322	455,045	496,082	497,568	-	-
Reference price ²	61.61	70.51	53.14	51.99	54.85	65.88	65.88	65.88
Announcement Date	2/13/20	2/11/21	2/23/22	2/16/23	2/15/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,495	3,138	3,824	5,741	6,627	7,614	7,924	7,728
EBITDA ¹	1,021	1,484	1,773	2,606	3,269	3,982	4,225	3,990
EBIT ¹	475.4	853.1	1,035	1,511	1,778	2,294	2,483	2,376
Operating Margin	19.05%	27.18%	27.05%	26.32%	26.82%	30.13%	31.34%	30.75%
Earnings before Tax (EBT) ¹	738.7	767.6	903.4	1,115	2,359	2,342	2,418	2,371
Net income ¹	473.2	511.6	543	670.2	1,941	1,506	1,426	1,242
Net margin	18.97%	16.3%	14.2%	11.67%	29.29%	19.78%	17.99%	16.07%
EPS ²	1.990	2.100	2.220	1.530	3.950	3.015	2.875	2.490
Free Cash Flow ¹	-0.972	432.7	448.3	558.4	947.4	1,453	1,603	1,622
FCF margin	-0.04%	13.79%	11.72%	9.73%	14.3%	19.09%	20.22%	20.99%
FCF Conversion (EBITDA)	-	29.15%	25.29%	21.43%	28.98%	36.5%	37.93%	40.65%
FCF Conversion (Net income)	-	84.58%	82.56%	83.31%	48.8%	96.49%	112.43%	130.57%
Dividend per Share ²	0.5500	1.100	1.400	1.600	1.600	1.519	1.600	1.600
Announcement Date	2/13/20	2/11/21	2/23/22	2/16/23	2/15/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	949.1	1,326	1,581	1,450	1,385	1,510	1,718	1,642	1,757	1,830	1,973	2,099	2,174	2,396	-
EBITDA ¹	407.9	530.6	803.8	679.2	592.3	754.5	873.2	782.5	859.2	929.3	1,095	1,204	1,278	1,149	1,004
EBIT ¹	216.3	269.8	512.7	406	322.6	450.6	491.9	367.5	467.6	589.7	711.4	838.1	870.2	948.3	-
Operating Margin	22.79%	20.35%	32.43%	28%	23.3%	29.85%	28.63%	22.37%	26.62%	32.23%	36.05%	39.93%	40.03%	39.57%	-
Earnings before Tax (EBT) ¹	188.8	174.6	435.7	226.3	278.9	1,945	466.3	271.3	-324.1	-	667.6	796.9	850.9	914	-
Net income ¹	101.1	109.8	-	-	-	1,817	326.8	178.6	-381	347.2	423	473	533	-	-
Net margin	10.65%	8.28%	-	-	-	120.35%	19.02%	10.87%	-21.69%	18.97%	21.43%	22.54%	24.52%	-	-
EPS ²	0.4100	0.2800	0.6000	0.1700	0.4500	3.860	0.6600	0.3600	-0.7700	0.7000	0.8500	0.9500	1.070	0.6900	0.6550
Dividend per Share ²	0.3500	0.4000	-	-	-	-	-	-	0.4000	0.4000	0.4000	0.4000	0.4000	0.4000	-
Announcement Date	2/23/22	4/28/22	7/27/22	10/26/22	2/16/23	4/27/23	7/26/23	10/25/23	2/15/24	4/25/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,411	1,279	1,154	683	1,505	1,435	883	107
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.381 x	0.8618 x	0.6512 x	0.2623 x	0.4602 x	0.3603 x	0.209 x	0.0268 x
Free Cash Flow ¹	-0.97	433	448	558	947	1,453	1,603	1,622
ROE (net income / shareholders' equity)	4.75%	9.48%	10.1%	6.03%	6.15%	7.11%	8.74%	8.17%
ROA (Net income/ Total Assets)	2.76%	5.56%	5.93%	-	4.2%	4.17%	5.05%	4.75%
Assets ¹	17,149	9,202	9,154	-	46,211	36,145	28,228	26,150
Book Value Per Share	21.30	23.50	24.50	35.60	-	-	-	-
Cash Flow per Share ²	3.700	4.900	5.380	4.780	5.310	6.200	6.470	5.870
Capex ¹	883	759	868	1,538	1,654	1,720	1,619	1,475
Capex / Sales	35.38%	24.2%	22.69%	26.79%	24.96%	22.59%	20.43%	19.08%
Announcement Date	2/13/20	2/11/21	2/23/22	2/16/23	2/15/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Agnico Eagle Mines Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

66.13 USD

Average target price

73.18 USD

Spread / Average Target

+10.67%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Gold Mining

	1st Jan change	Capi.
AGNICO EAGLE MINES LIMITED	+20.11%	32.9B
BARRICK GOLD CORPORATION	-3.97%	29.29B
WHEATON PRECIOUS METALS CORP.	+13.05%	24.38B
NORTHERN STAR RESOURCES LIMITED	+7.47%	11.06B
ANGLOGOLD ASHANTI PLC	+26.11%	9.95B
POLYUS	-.--%	8.68B
KINROSS GOLD CORPORATION	+15.84%	8.3B
ROYAL GOLD, INC.	+2.51%	8.14B
ALAMOS GOLD INC.	+17.79%	6.08B
ZHAOJIN MINING INDUSTRY COMPANY LIMITED	+33.68%	5.69B

Gold Mining