SSR Mining Inc. (SSRM) 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

-69.9%

$8.04

vs $26.74 price

Levered DCF

$16.35

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	11.24×	-5.4×	-22.42×	17.03×	10.41×	18.97×	40.98×	227.68×
P/B	1.27×	0.45×	0.65×	0.92×	1.08×	0.91×	2.07×	1.49×
P/S	2.68×	1.41×	1.54×	2.86×	2.59×	3.56×	3.86×	3.45×
EV / EBITDA	6.41×	-7.78×	72.2×	6.73×	4.98×	8.31×	9.06×	9.24×
Gross margin	35.7%	35.3%	28.6%	31.2%	39.0%	35.1%	28.3%	18.3%
Operating margin	28.9%	-32.4%	-9.1%	16.6%	30.1%	22.1%	19.5%	7.1%
Net margin	24.3%	-26.2%	-6.9%	16.9%	25.0%	17.8%	16.9%	1.5%
Current ratio	2.08×	4.7×	7.01×	4.93×	5.64×	5.71×	3.84×	8.81×
Debt / equity	0.12×	0.11×	0.1×	0.09×	0.14×	0.17×	0.25×	0.25×
Interest coverage	32.26×	-24.74×	-7.84×	9.95×	23.27×	13.57×	9.27×	1.04×
Dividend yield	0.0%	0.0%	2.6%	1.8%	1.1%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	-58.8%	30.3%	11.7%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.5%	-8.4%	-2.9%	5.4%	10.4%	4.5%	9.1%	0.7%
Return on invested capital	6.8%	-6.5%	-1.5%	3.3%	8.9%	3.0%	5.4%	-0.0%
Return on assets	6.6%	-5.0%	-1.8%	3.7%	7.1%	2.9%	5.9%	0.4%
Free cash flow yield	5.5%	-7.3%	9.0%	0.7%	11.6%	5.5%	0.3%	-6.8%
Earnings yield	9.1%	-18.6%	-4.4%	5.9%	9.6%	5.0%	4.4%	0.4%
Enterprise value	$4.3B	$1.4B	$2B	$3B	$3.3B	$2.7B	$2.1B	$1.3B
Net debt / EBITDA	-0.18×	0.24×	-5.85×	-0.72×	-0.8×	-0.94×	-0.92×	-1.24×
Cash conversion cycle (days)	193	291	208	233	174	295	214	258