Mako Mining Corp. (MAKO) 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

+47.4%

$11.04

vs $7.49 price

Levered DCF

$11.43

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

5.83

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022
P/E	19.95×	31.04×	83.8×	-46.56×
P/B	4.54×	7.85×	26.72×	40.34×
P/S	4.61×	6.56×	8.36×	8.7×
EV / EBITDA	9.5×	15.72×	23.92×	46.03×
Gross margin	50.5%	50.4%	36.4%	19.0%
Operating margin	36.5%	37.2%	34.6%	15.5%
Net margin	22.7%	20.8%	10.3%	-18.9%
Current ratio	3.87×	1.65×	1.73×	0.8×
Debt / equity	0×	0.06×	0.38×	0.95×
Interest coverage	53.61×	44.12×	24.37×	5.86×
Dividend yield	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022
Return on equity	22.4%	24.9%	33.0%	-87.6%
Return on invested capital	18.6%	24.7%	54.2%	33.4%
Return on assets	16.2%	17.9%	16.3%	-26.5%
Free cash flow yield	5.9%	3.6%	1.4%	1.4%
Earnings yield	4.9%	3.2%	1.2%	-2.2%
Enterprise value	$607.5M	$594.5M	$557.5M	$563.9M
Net debt / EBITDA	-1.21×	-0.25×	0.27×	1.02×
Cash conversion cycle (days)	82	10	72	0