Agnico Eagle Mines Ltd
TSX:AEM

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Agnico Eagle Mines Ltd
TSX:AEM
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Price: 117.78 CAD -1.21% Market Closed
Market Cap: 59.1B CAD
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Relative Value

The Relative Value of one AEM stock under the Base Case scenario is 110.62 CAD. Compared to the current market price of 117.78 CAD, Agnico Eagle Mines Ltd is Overvalued by 6%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

AEM Relative Value
Base Case
110.62 CAD
Overvaluation 6%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

5.3
P/S
P/S
Price to Sales
5.3
vs History
25
vs Industry
36
Median 3Y
4.2
Median 5Y
4.4
Industry
1.8
Forward
4.9
More Details
41.2
P/E
P/E
Price to Earnings
41.2
vs History
19
vs Industry
2
Median 3Y
31.9
Median 5Y
28.7
Industry
15.8
Forward
19.8
More Details
11.7
P/OCF
P/OCF
Price to OCF
11.7
vs History
47
vs Industry
12
Median 3Y
11.2
Median 5Y
11.5
Industry
9.4
More Details
32.5
P/FCFE
P/FCFE
Price to FCFE
32.5
vs History
47
vs Industry
4
Median 3Y
33.6
Median 5Y
32.2
Industry
15.4
More Details
2
P/B
P/B
Price to Book Value
2
vs History
44
vs Industry
31
Median 3Y
1.5
Median 5Y
1.9
Industry
1.5
More Details
5.3
EV/S
EV/S
Enterprise Value to Sales
5.3
vs History
31
vs Industry
36
Median 3Y
4.4
Median 5Y
4.6
Industry
2.2
Forward
4.9
More Details
8.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
8.9
vs History
38
vs Industry
29
Median 3Y
7.8
Median 5Y
8.2
Industry
7.4
More Details
9.9
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
9.9
vs History
41
vs Industry
15
Median 3Y
9.3
Median 5Y
9.7
Industry
10.4
Forward
8.9
More Details
15.5
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
15.5
vs History
63
vs Industry
10
Median 3Y
16
Median 5Y
16.1
Industry
13.1
Forward
13.4
More Details
11.7
EV/OCF
EV/OCF
Enterprise Value to OCF
11.7
vs History
50
vs Industry
14
Median 3Y
11.6
Median 5Y
12
Industry
10.6
More Details
22.3
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
22.3
vs History
80
vs Industry
6
Median 3Y
34.8
Median 5Y
33.2
Industry
13.5
More Details
1.5
EV/IC
EV/IC
Enterprise Value to IC
1.5
vs History
36
vs Industry
37
Median 3Y
1.1
Median 5Y
1.4
Industry
1.3
More Details

Multiples Across Competitors

AEM Competitors Multiples
Agnico Eagle Mines Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Agnico Eagle Mines Ltd
TSX:AEM
59.1B CAD 5.3 41.2 9.9 15.5
RU
Polyus PJSC
LSE:PLZL
70.4T USD 15 191.9 47 280.3 26 083.2 29 932.1
ZA
Gold Fields Ltd
JSE:GFI
232.3B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
100.9B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
412B CNY 1.4 14.1 12.3 12.3
US
Newmont Corporation
NYSE:NEM
45.9B USD 2.7 -37.8 9.1 16.7
CA
Barrick Gold Corp
TSX:ABX
40.7B CAD 2.3 17.6 5.3 8.3
CA
Wheaton Precious Metals Corp
TSX:WPM
38.8B CAD 22.4 44.7 29.2 40.1
CA
Franco-Nevada Corp
TSX:FNV
32.7B CAD 21 -37.9 23.5 31.5
RU
Polyus PAO
MOEX:PLZL
1.8T RUB 3.4 7.2 6.2 7
CN
Shandong Gold Mining Co Ltd
SSE:600547
106B CNY 1.2 41.1 17.5 17.5
P/E Multiple
Earnings Growth P/E to Growth
CA
Agnico Eagle Mines Ltd
TSX:AEM
Average P/E: 6 778
41.2
12%
3.5
RU
P
Polyus PJSC
LSE:PLZL
47 280.3
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
192%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
99%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
14.1
102%
0.1
US
Newmont Corporation
NYSE:NEM
Negative Multiple: -37.8 N/A N/A
CA
Barrick Gold Corp
TSX:ABX
17.6
163%
0.1
CA
Wheaton Precious Metals Corp
TSX:WPM
44.7
54%
0.8
CA
Franco-Nevada Corp
TSX:FNV
Negative Multiple: -37.9 N/A N/A
RU
Polyus PAO
MOEX:PLZL
7.2
N/A N/A
CN
Shandong Gold Mining Co Ltd
SSE:600547
41.1
155%
0.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Agnico Eagle Mines Ltd
TSX:AEM
Average EV/EBITDA: 2 910.7
9.9
54%
0.2
RU
P
Polyus PJSC
LSE:PLZL
26 083.2
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
63%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
97%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
12.3
140%
0.1
US
Newmont Corporation
NYSE:NEM
9.1
247%
0
CA
Barrick Gold Corp
TSX:ABX
5.3
70%
0.1
CA
Wheaton Precious Metals Corp
TSX:WPM
29.2
76%
0.4
CA
Franco-Nevada Corp
TSX:FNV
23.5
31%
0.8
RU
Polyus PAO
MOEX:PLZL
6.2
N/A N/A
CN
Shandong Gold Mining Co Ltd
SSE:600547
17.5
258%
0.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Agnico Eagle Mines Ltd
TSX:AEM
Average EV/EBIT: 3 342.3
15.5
62%
0.3
RU
P
Polyus PJSC
LSE:PLZL
29 932.1
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
93%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
45%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
12.3
95%
0.1
US
Newmont Corporation
NYSE:NEM
16.7
912%
0
CA
Barrick Gold Corp
TSX:ABX
8.3
106%
0.1
CA
Wheaton Precious Metals Corp
TSX:WPM
40.1
84%
0.5
CA
Franco-Nevada Corp
TSX:FNV
31.5
14%
2.3
RU
Polyus PAO
MOEX:PLZL
7
N/A N/A
CN
Shandong Gold Mining Co Ltd
SSE:600547
17.5
140%
0.1

See Also

Summary
AEM intrinsic value, competitors valuation, and company profile.
DCF Valuation
AEM stock valuation using Discount Cash Flow valuation method.
Relative Valuation
AEM stock valuation using valuation multiples.
Wall Street Estimates
AEM price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
AEM stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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