Discounted Cash Flow

Hecla Mining Co.

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

—

⚠ Cash flow predictability 27/100 (unstable) — FCF YoY std dev 91%, net income 92% (full history)

▲ Accelerating sales growth

Sales growth has accelerated: 0.2% (2023) → 29.1% (2024) → 53.0% (2025). Revenue growth has been accelerating in recent years and is now 53.0% — rapidly accelerating growth may be difficult to sustain at this pace, or the DCF (based on historical averages) may understate future momentum.

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.

Or enter your own rate

Inflation rate (used with B/E only)

Historical inputs (10 fiscal years)

YEAR	Sales	Net Income	Free Cash Flow	Net Margin	EPS (diluted)
2016	$467.5m	$50.3m	$43.8m	10.8%	$0.18
2017	$418.2m (-10.6%)	$-17.0m (-133.8%)	$12.9m (-70.5%)	-4.1% (-137.8%)	$-0.06 (-133.3%)
2018	$410.5m (-1.8%)	$-19.2m (-12.9%)	$-30.9m (-339.4%)	-4.7% (-15.1%)	$-0.06 (0.0%)
2019	$487.3m (18.7%)	$-72.1m (-274.8%)	$-401.7k (98.7%)	-14.8% (-215.7%)	$-0.20 (-233.3%)
2020	$500.8m (2.8%)	$-12.2m (83.1%)	$65.0m (16276.0%)	-2.4% (83.6%)	$-0.03 (85.0%)
2021	$584.4m (16.7%)	$25.4m (309.0%)	$80.5m (24.0%)	4.3% (279.1%)	$0.06 (300.0%)
2022	$520.3m (-11.0%)	$-27.0m (-206.4%)	$-43.1m (-153.5%)	-5.2% (-219.5%)	$0.07 (16.7%)
2023	$521.3m (0.2%)	$-61.0m (-125.5%)	$-107.4m (-149.4%)	-11.7% (-125.1%)	$-0.14 (-300.0%)
2024	$673.1m (29.1%)	$25.9m (142.5%)	$2.7m (102.6%)	3.8% (132.9%)	$0.06 (142.9%)
2025	$1.0b (53.0%)	$232.8m (798.6%)	$224.6m (8096.8%)	22.6% (487.2%)	$0.49 (716.7%)

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.

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): —

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