Iamgold Corporation (IMG.TO) 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

-169.0%

-CA$15.44

vs CA$22.38 price

Levered DCF

-CA$17.70

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

5.63

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	14.1×	3.4×	13.99×	-33.64×	-5.77×	40.72×	-4.85×	-60.68×
P/B	2.27×	0.84×	0.55×	0.57×	0.66×	0.7×	0.74×	0.63×
P/S	3.27×	1.71×	1.24×	1.28×	1.29×	1.39×	1.63×	1.54×
EV / EBITDA	6.34×	2.88×	5.72×	6.61×	6.71×	3.52×	-31.6×	5.27×
Gross margin	41.2%	33.7%	12.6%	15.4%	0.2%	20.2%	6.5%	12.3%
Operating margin	38.9%	57.8%	-0.0%	6.1%	-9.0%	6.0%	-2.1%	3.1%
Net margin	23.3%	50.2%	9.6%	-3.8%	-22.1%	3.4%	-33.7%	-2.5%
Current ratio	1.75×	1.21×	1.19×	2.35×	1.64×	4.17×	4.75×	4.78×
Debt / equity	0.18×	0.35×	0.43×	0.47×	0.24×	0.22×	0.2×	0.15×
Interest coverage	10.38×	42.52×	-0.01×	6.95×	-19.87×	3.18×	-1.57×	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%	-1.7%	-11.4%	1.7%	-15.3%	-1.0%
Return on invested capital	14.6%	16.9%	-0.0%	-1.4%	-2.4%	1.1%	-0.6%	-1.0%
Return on assets	10.7%	15.3%	2.1%	-0.8%	-6.4%	1.0%	-9.3%	-0.7%
Free cash flow yield	8.1%	-5.4%	-67.0%	-30.3%	-24.9%	1.8%	5.1%	-8.5%
Earnings yield	7.1%	29.4%	7.7%	-3.0%	-17.2%	2.5%	-20.6%	-1.6%
Enterprise value	CA$9.8B	CA$3.6B	CA$1.8B	CA$1.8B	CA$1.5B	CA$1.3B	CA$1.4B	CA$1.5B
Net debt / EBITDA	0.22×	0.64×	1.85×	2.14×	-0.07×	-1.09×	8.33×	-0.76×
Cash conversion cycle (days)	18	10	3	-11	14	32	37	30