Discounted Cash Flow

Agnico Eagle Mines Ltd. Foreign

AEM · Based on 10 years of SEC filings · Converted from CAD to USD

Cash flow predictability 76/100 (stable) — FCF YoY std dev 27%, net income 60% (full history)

Average annual growth rates

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

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 $1.5b $194.3m $552.3m 12.6% $0.71
2017 $1.6b (4.9%) $247.8m (27.5%) $537.7m (-2.6%) 15.3% (21.6%) $1.06 (49.3%)
2018 $1.6b (-2.3%) $-187.5m (-175.7%) $416.6m (-22.5%) -11.8% (-177.4%) $-1.40 (-232.1%)
2019 $1.8b (13.9%) $534.7m (385.2%) $620.3m (48.9%) 29.6% (350.5%) $2.00 (242.9%)
2020 $2.3b (25.8%) $555.5m (3.9%) $834.1m (34.5%) 24.5% (-17.4%) $2.12 (6.0%)
2021 $2.8b (21.9%) $653.9m (17.7%) $927.4m (11.2%) 23.6% (-3.4%) $2.23 (5.2%)
2022 $4.2b (50.1%) $807.3m (23.5%) $1.4b (55.0%) 19.4% (-17.8%) $1.53 (-31.4%)
2023 $4.8b (15.4%) $1.7b (111.5%) $1.8b (28.6%) 35.6% (83.2%) $3.97 (159.5%)
2024 $6.0b (25.0%) $2.0b (19.6%) $2.7b (48.4%) 34.1% (-4.3%) $3.79 (-4.5%)
2025 $8.6b (43.7%) $4.9b (137.6%) $4.4b (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:

SEC filings report in CAD. Values above are converted to USD for comparison with the US-listed share price.

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