Iamgold Corporation (IAG) 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

-282.9%

-$29.52

vs $16.14 price

Levered DCF

-$39.17

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

5.49

Safe zone

Rating

A-

Overall 4 / 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	13.97×	3.39×	13.32×	-17.2×	-5.91×	40.78×	-4.84×	-60.83×
P/B	2.27×	0.83×	0.55×	0.58×	0.67×	0.71×	0.74×	0.63×
P/S	3.27×	1.71×	1.23×	1.29×	1.7×	1.4×	1.64×	1.55×
EV / EBITDA	6.48×	2.87×	5.71×	6.65×	6.74×	3.53×	-31.71×	5.19×
Gross margin	41.2%	33.7%	12.6%	15.4%	7.1%	20.2%	6.5%	12.3%
Operating margin	38.9%	57.8%	-0.0%	4.3%	-11.9%	11.7%	-31.7%	3.1%
Net margin	23.3%	50.2%	9.6%	-7.3%	-29.1%	3.4%	-38.7%	-2.5%
Current ratio	1.75×	1.21×	1.19×	2.35×	1.64×	4.17×	4.75×	4.78×
Debt / equity	0.2×	0.35×	0.43×	0.47×	0.24×	0.22×	0.2×	0.15×
Interest coverage	10.38×	0×	0×	0×	0×	9.94×	-24.12×	12.63×
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	16.2%	24.6%	4.3%	-3.3%	-11.4%	1.7%	-17.6%	-1.0%
Return on invested capital	14.6%	16.9%	-0.0%	-1.0%	-2.9%	2.0%	-9.4%	-1.0%
Return on assets	10.7%	15.3%	2.1%	-1.6%	-6.0%	1.0%	-10.7%	-0.7%
Free cash flow yield	8.1%	-5.0%	-66.2%	-28.3%	-17.1%	1.7%	5.0%	-8.4%
Earnings yield	7.1%	29.4%	7.8%	-5.7%	-17.1%	2.5%	-23.6%	-1.6%
Enterprise value	$9.9B	$3.6B	$1.8B	$1.8B	$1.5B	$1.3B	$1.4B	$1.5B
Net debt / EBITDA	0.27×	0.64×	1.85×	2.14×	-0.07×	-1.09×	8.33×	-0.75×
Cash conversion cycle (days)	18	3	3	-11	19	54	53	50