Coeur Mining, Inc. (CDE) 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

-202.0%

-$13.87

vs $13.60 price

Levered DCF

-$15.14

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.04

Grey zone

Rating

B+

Overall 3 / 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	19.38×	38.13×	-10.87×	-12×	-38.77×	94.09×	-5.08×	-17.19×
P/B	3.42×	2.01×	1.09×	1.04×	1.57×	3.59×	2.65×	0.99×
P/S	5.47×	2.14×	1.36×	1.18×	1.51×	3.17×	2.48×	1.34×
EV / EBITDA	11.55×	9.06×	26.66×	20.09×	8.44×	11.04×	20.87×	9.61×
Gross margin	39.3%	39.4%	16.3%	17.6%	34.0%	39.2%	19.9%	26.9%
Operating margin	36.3%	15.6%	-4.7%	-5.0%	23.0%	29.5%	11.9%	17.8%
Net margin	28.3%	5.6%	-12.6%	-9.9%	-3.8%	3.3%	-48.0%	-7.7%
Current ratio	2×	0.83×	0.92×	1.37×	1.23×	1.15×	1.1×	1.84×
Debt / equity	0.11×	0.54×	0.54×	0.59×	0.62×	0.42×	0.46×	0.54×
Interest coverage	24.26×	3.2×	-1.33×	-1.64×	11.66×	11.19×	3.43×	4.58×
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	17.7%	5.2%	-10.1%	-8.8%	-3.9%	3.7%	-51.2%	-5.7%
Return on invested capital	16.4%	3.8%	-2.1%	-2.4%	-107.3%	7.9%	6.7%	5.3%
Return on assets	12.5%	2.6%	-5.0%	-4.2%	-1.8%	1.8%	-24.7%	-2.8%
Free cash flow yield	5.9%	-0.4%	-26.6%	-35.3%	-15.8%	2.0%	-0.4%	-14.7%
Earnings yield	5.2%	2.6%	-9.3%	-8.4%	-2.5%	1.0%	-19.3%	-5.8%
Enterprise value	$11.1B	$2.8B	$1.6B	$1.4B	$1.7B	$2.7B	$2B	$1.2B
Net debt / EBITDA	-0.2×	1.77×	8.16×	6.73×	2.19×	0.8×	2.61×	2.79×
Cash conversion cycle (days)	16	36	36	44	33	38	43	92