Discounted Cash Flow

Agnico Eagle Mines Ltd. Foreign

AEM · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $2.1b $268.5m $763.0m 12.6% $0.71
2017 $2.2b (4.9%) $342.4m (27.5%) $742.9m (-2.6%) 15.3% (21.6%) $1.06 (49.3%)
2018 $2.2b (-2.3%) $-259.1m (-175.7%) $575.6m (-22.5%) -11.8% (-177.4%) $-1.40 (-232.1%)
2019 $2.5b (13.9%) $738.7m (385.2%) $857.0m (48.9%) 29.6% (350.5%) $2.00 (242.9%)
2020 $3.1b (25.8%) $767.6m (3.9%) $1.2b (34.5%) 24.5% (-17.4%) $2.12 (6.0%)
2021 $3.8b (21.9%) $903.4m (17.7%) $1.3b (11.2%) 23.6% (-3.4%) $2.23 (5.2%)
2022 $5.7b (50.1%) $1.1b (23.5%) $2.0b (55.0%) 19.4% (-17.8%) $1.53 (-31.4%)
2023 $6.6b (15.4%) $2.4b (111.5%) $2.6b (28.6%) 35.6% (83.2%) $3.97 (159.5%)
2024 $8.3b (25.0%) $2.8b (19.6%) $3.8b (48.4%) 34.1% (-4.3%) $3.79 (-4.5%)
2025 $11.9b (43.7%) $6.7b (137.6%) $6.1b (61.8%) 56.3% (65.3%) $8.89 (134.6%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model