AGNICO EAGLE MINES LTD (AEM) Fundamental Analysis & Valuation

NYSE:AEM • CA0084741085

Current stock price

192.47 USD
+4.91 (+2.62%)
Last:

This AEM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. AEM Profitability Analysis

1.1 Basic Checks

  • In the past year AEM was profitable.
  • AEM had a positive operating cash flow in the past year.
  • In the past 5 years AEM has always been profitable.
  • AEM had a positive operating cash flow in each of the past 5 years.
AEM Yearly Net Income VS EBIT VS OCF VS FCFAEM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

1.2 Ratios

  • AEM has a better Return On Assets (12.94%) than 88.68% of its industry peers.
  • With an excellent Return On Equity value of 18.03%, AEM belongs to the best of the industry, outperforming 87.42% of the companies in the same industry.
  • AEM's Return On Invested Capital of 13.31% is amongst the best of the industry. AEM outperforms 84.91% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AEM is significantly below the industry average of 60.43%.
  • The 3 year average ROIC (8.24%) for AEM is below the current ROIC(13.31%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 12.94%
ROE 18.03%
ROIC 13.31%
ROA(3y)8.68%
ROA(5y)6.88%
ROE(3y)12.38%
ROE(5y)10.12%
ROIC(3y)8.24%
ROIC(5y)7.37%
AEM Yearly ROA, ROE, ROICAEM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15

1.3 Margins

  • AEM has a better Profit Margin (37.47%) than 93.71% of its industry peers.
  • In the last couple of years the Profit Margin of AEM has grown nicely.
  • AEM's Operating Margin of 53.51% is amongst the best of the industry. AEM outperforms 95.60% of its industry peers.
  • AEM's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 71.95%, AEM belongs to the top of the industry, outperforming 94.97% of the companies in the same industry.
  • In the last couple of years the Gross Margin of AEM has grown nicely.
Industry RankSector Rank
OM 53.51%
PM (TTM) 37.47%
GM 71.95%
OM growth 3Y26.55%
OM growth 5Y15.2%
PM growth 3Y47.5%
PM growth 5Y18.11%
GM growth 3Y9.34%
GM growth 5Y5.67%
AEM Yearly Profit, Operating, Gross MarginsAEM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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7

2. AEM Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AEM is creating some value.
  • AEM has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AEM has more shares outstanding
  • Compared to 1 year ago, AEM has an improved debt to assets ratio.
AEM Yearly Shares OutstandingAEM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
AEM Yearly Total Debt VS Total AssetsAEM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • AEM has an Altman-Z score of 7.09. This indicates that AEM is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 7.09, AEM is in the better half of the industry, outperforming 73.58% of the companies in the same industry.
  • AEM has a debt to FCF ratio of 0.07. This is a very positive value and a sign of high solvency as it would only need 0.07 years to pay back of all of its debts.
  • AEM has a Debt to FCF ratio of 0.07. This is amongst the best in the industry. AEM outperforms 93.71% of its industry peers.
  • A Debt/Equity ratio of 0.01 indicates that AEM is not too dependend on debt financing.
  • AEM has a better Debt to Equity ratio (0.01) than 70.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.07
Altman-Z 7.09
ROIC/WACC1.17
WACC11.34%
AEM Yearly LT Debt VS Equity VS FCFAEM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 2.02 indicates that AEM has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.02, AEM is in line with its industry, outperforming 44.65% of the companies in the same industry.
  • AEM has a Quick Ratio of 1.33. This is a normal value and indicates that AEM is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Quick ratio value of 1.33, AEM perfoms like the industry average, outperforming 47.17% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.02
Quick Ratio 1.33
AEM Yearly Current Assets VS Current LiabilitesAEM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. AEM Growth Analysis

3.1 Past

  • AEM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 96.93%, which is quite impressive.
  • The Earnings Per Share has been growing by 34.97% on average over the past years. This is a very strong growth
  • Looking at the last year, AEM shows a very strong growth in Revenue. The Revenue has grown by 43.71%.
  • AEM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 30.57% yearly.
EPS 1Y (TTM)96.93%
EPS 3Y53.79%
EPS 5Y34.97%
EPS Q2Q%114.29%
Revenue 1Y (TTM)43.71%
Revenue growth 3Y27.53%
Revenue growth 5Y30.57%
Sales Q2Q%60.27%

3.2 Future

  • The Earnings Per Share is expected to grow by 4.64% on average over the next years.
  • AEM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.15% yearly.
EPS Next Y57.69%
EPS Next 2Y26.89%
EPS Next 3Y15.94%
EPS Next 5Y4.64%
Revenue Next Year37.5%
Revenue Next 2Y17.68%
Revenue Next 3Y11.15%
Revenue Next 5Y1.15%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
AEM Yearly Revenue VS EstimatesAEM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 5B 10B 15B
AEM Yearly EPS VS EstimatesAEM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 5 10 15

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6

4. AEM Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 23.11 indicates a rather expensive valuation of AEM.
  • Compared to the rest of the industry, the Price/Earnings ratio of AEM indicates a somewhat cheap valuation: AEM is cheaper than 71.07% of the companies listed in the same industry.
  • AEM is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 14.65, AEM is valued correctly.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AEM indicates a somewhat cheap valuation: AEM is cheaper than 67.30% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.51, AEM is valued a bit cheaper.
Industry RankSector Rank
PE 23.11
Fwd PE 14.65
AEM Price Earnings VS Forward Price EarningsAEM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, AEM is valued a bit cheaper than the industry average as 69.81% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, AEM is valued cheaply inside the industry as 83.02% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 22.02
EV/EBITDA 11.42
AEM Per share dataAEM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of AEM may justify a higher PE ratio.
  • AEM's earnings are expected to grow with 15.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)0.66
EPS Next 2Y26.89%
EPS Next 3Y15.94%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. AEM Dividend Analysis

5.1 Amount

  • AEM has a yearly dividend return of 0.88%, which is pretty low.
  • AEM's Dividend Yield is a higher than the industry average which is at 1.14.
  • With a Dividend Yield of 0.88, AEM pays less dividend than the S&P500 average, which is at 1.90.
Industry RankSector Rank
Dividend Yield 0.88%

5.2 History

  • The dividend of AEM is nicely growing with an annual growth rate of 13.00%!
  • AEM has paid a dividend for at least 10 years, which is a reliable track record.
  • AEM has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)13%
Div Incr Years0
Div Non Decr Years3
AEM Yearly Dividends per shareAEM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 16.32% of the earnings are spent on dividend by AEM. This is a low number and sustainable payout ratio.
  • The dividend of AEM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP16.32%
EPS Next 2Y26.89%
EPS Next 3Y15.94%
AEM Yearly Income VS Free CF VS DividendAEM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B
AEM Dividend Payout.AEM Dividend Payout, showing the Payout Ratio.AEM Dividend Payout.PayoutRetained Earnings

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AEM Fundamentals: All Metrics, Ratios and Statistics

AGNICO EAGLE MINES LTD

NYSE:AEM (3/27/2026, 2:36:59 PM)

192.47

+4.91 (+2.62%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-13
Earnings (Next)04-30
Inst Owners72.09%
Inst Owner Change-0.22%
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap96.55B
Revenue(TTM)11.91B
Net Income(TTM)4.46B
Analysts80
Price Target240.01 (24.7%)
Short Float %1.14%
Short Ratio2.07
Dividend
Industry RankSector Rank
Dividend Yield 0.88%
Yearly Dividend1.45
Dividend Growth(5Y)13%
DP16.32%
Div Incr Years0
Div Non Decr Years3
Ex-Date06-01
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.24%
Min EPS beat(2)-0.87%
Max EPS beat(2)17.35%
EPS beat(4)3
Avg EPS beat(4)10.73%
Min EPS beat(4)-0.87%
Max EPS beat(4)17.35%
EPS beat(8)7
Avg EPS beat(8)12.22%
EPS beat(12)10
Avg EPS beat(12)11.37%
EPS beat(16)13
Avg EPS beat(16)15.16%
Revenue beat(2)2
Avg Revenue beat(2)4.41%
Min Revenue beat(2)2.3%
Max Revenue beat(2)6.53%
Revenue beat(4)4
Avg Revenue beat(4)4.95%
Min Revenue beat(4)1.49%
Max Revenue beat(4)9.49%
Revenue beat(8)7
Avg Revenue beat(8)3.87%
Revenue beat(12)9
Avg Revenue beat(12)2.9%
Revenue beat(16)10
Avg Revenue beat(16)2.35%
PT rev (1m)14.29%
PT rev (3m)17.83%
EPS NQ rev (1m)9.68%
EPS NQ rev (3m)27.17%
EPS NY rev (1m)19.32%
EPS NY rev (3m)25.55%
Revenue NQ rev (1m)20.33%
Revenue NQ rev (3m)20.33%
Revenue NY rev (1m)5.55%
Revenue NY rev (3m)19.19%
Valuation
Industry RankSector Rank
PE 23.11
Fwd PE 14.65
P/S 8.11
P/FCF 22.02
P/OCF 14.16
P/B 3.9
P/tB 4.69
EV/EBITDA 11.42
EPS(TTM)8.33
EY4.33%
EPS(NY)13.14
Fwd EY6.82%
FCF(TTM)8.74
FCFY4.54%
OCF(TTM)13.59
OCFY7.06%
SpS23.74
BVpS49.32
TBVpS41.04
PEG (NY)0.4
PEG (5Y)0.66
Graham Number96.15
Profitability
Industry RankSector Rank
ROA 12.94%
ROE 18.03%
ROCE 19.91%
ROIC 13.31%
ROICexc 14.63%
ROICexgc 17.06%
OM 53.51%
PM (TTM) 37.47%
GM 71.95%
FCFM 36.82%
ROA(3y)8.68%
ROA(5y)6.88%
ROE(3y)12.38%
ROE(5y)10.12%
ROIC(3y)8.24%
ROIC(5y)7.37%
ROICexc(3y)8.78%
ROICexc(5y)7.76%
ROICexgc(3y)10.29%
ROICexgc(5y)8.83%
ROCE(3y)12.33%
ROCE(5y)11.03%
ROICexgc growth 3Y49.44%
ROICexgc growth 5Y20.63%
ROICexc growth 3Y46.72%
ROICexc growth 5Y18.1%
OM growth 3Y26.55%
OM growth 5Y15.2%
PM growth 3Y47.5%
PM growth 5Y18.11%
GM growth 3Y9.34%
GM growth 5Y5.67%
F-Score9
Asset Turnover0.35
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.07
Debt/EBITDA 0.04
Cap/Depr 147.89%
Cap/Sales 20.43%
Interest Coverage 135.93
Cash Conversion 85.03%
Profit Quality 98.26%
Current Ratio 2.02
Quick Ratio 1.33
Altman-Z 7.09
F-Score9
WACC11.34%
ROIC/WACC1.17
Cap/Depr(3y)126.88%
Cap/Depr(5y)128.54%
Cap/Sales(3y)22.57%
Cap/Sales(5y)23.53%
Profit Quality(3y)86.23%
Profit Quality(5y)84.36%
High Growth Momentum
Growth
EPS 1Y (TTM)96.93%
EPS 3Y53.79%
EPS 5Y34.97%
EPS Q2Q%114.29%
EPS Next Y57.69%
EPS Next 2Y26.89%
EPS Next 3Y15.94%
EPS Next 5Y4.64%
Revenue 1Y (TTM)43.71%
Revenue growth 3Y27.53%
Revenue growth 5Y30.57%
Sales Q2Q%60.27%
Revenue Next Year37.5%
Revenue Next 2Y17.68%
Revenue Next 3Y11.15%
Revenue Next 5Y1.15%
EBIT growth 1Y99.93%
EBIT growth 3Y61.39%
EBIT growth 5Y50.41%
EBIT Next Year89.89%
EBIT Next 3Y21.73%
EBIT Next 5Y5.68%
FCF growth 1Y106.14%
FCF growth 3Y98.75%
FCF growth 5Y58.9%
OCF growth 1Y72.11%
OCF growth 3Y48.15%
OCF growth 5Y41.73%

AGNICO EAGLE MINES LTD / AEM Fundamental Analysis FAQ

What is the fundamental rating for AEM stock?

ChartMill assigns a fundamental rating of 7 / 10 to AEM.


Can you provide the valuation status for AGNICO EAGLE MINES LTD?

ChartMill assigns a valuation rating of 6 / 10 to AGNICO EAGLE MINES LTD (AEM). This can be considered as Fairly Valued.


Can you provide the profitability details for AGNICO EAGLE MINES LTD?

AGNICO EAGLE MINES LTD (AEM) has a profitability rating of 9 / 10.


What are the PE and PB ratios of AGNICO EAGLE MINES LTD (AEM) stock?

The Price/Earnings (PE) ratio for AGNICO EAGLE MINES LTD (AEM) is 23.11 and the Price/Book (PB) ratio is 3.9.


Is the dividend of AGNICO EAGLE MINES LTD sustainable?

The dividend rating of AGNICO EAGLE MINES LTD (AEM) is 5 / 10 and the dividend payout ratio is 16.32%.