Amex Gold Mining Inc. (AMX.V) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-94.5%

CA$0.19

vs CA$3.51 price

Levered DCF

CA$0.20

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

11.81

Safe zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-59.35×	-171.88×	207.58×	1,214.29×	29,100×	-158.44×	-21.3×	-4.11×
P/B	3.57×	1.12×	1.58×	1.94×	4.28×	6.48×	3.99×	1.46×
P/S	0×	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-47.86×	-53.59×	-58.12×	-43.6×	-68.43×	-69.18×	-19.12×	-19.06×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	4.35×	3.49×	2.16×	2.92×	6.83×	3.03×	4.64×	1.15×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	0×	0×	0×	0×	0.42×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-6.0%	-0.7%	0.8%	0.2%	0.0%	-4.1%	-18.7%	-35.5%
Return on invested capital	-5.5%	-0.7%	0.8%	0.2%	0.0%	-3.9%	-20.7%	26.0%
Return on assets	-5.0%	-0.5%	0.6%	0.1%	0.0%	-3.3%	-16.2%	-31.2%
Free cash flow yield	-2.9%	-17.8%	-19.1%	-19.6%	-13.1%	-5.3%	-7.9%	-16.6%
Earnings yield	-1.7%	-0.6%	0.5%	0.1%	0.0%	-0.6%	-4.7%	-24.3%
Enterprise value	CA$493.2M	CA$123.1M	CA$138.1M	CA$150M	CA$240.1M	CA$277.3M	CA$82.9M	CA$7.7M
Net debt / EBITDA	2.48×	1.54×	1.41×	6.47×	3.48×	2.34×	0.04×	1.25×
Cash conversion cycle (days)	-3,098	-1,797	-3,389	-3,668	-6,718	152,229	59,202	-71,294