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Coeur Mining, Inc.

CDE Basic Materials Gold

Coeur Mining, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 96.4% from fiscal 2024.

Revenue
+77.4%
EPS
−73.8%
Free cash flow
+104.5%
Total debt
−99.9%

Quarter to September 2026, against a year earlier

14.64 0.06 +0.41%
Market cap
$15.0B
P/E
15.8×
Fwd P/E
11.5×
Dividend yield
0.14%
F-score
8/9
Altman Z
5.05
Beneish M
−1.13
Dividend safety
70/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Coeur Mining, Inc. (CDE) valuation and DCF model

What the price implies · reverse DCF

At $14.64 the price implies free cash flow after share-based pay growing −8.5% a year for ten years.

Free cash flow after share-based pay grew 36.7% a year over the last ten years. The price asks for 45.2 points a year less than its ten-year rate. The industry’s median company is priced for 7.9%.

In December 2020 the price assumed 23.8% a year; Coeur Mining, Inc. went on to grow free cash flow after share-based pay 69.4% a year to FY2025.

Price implies
−8.5%
Last 10 years, reported
36.7%
Industry median implies
7.9%

The headline discounts the last twelve months’ free cash flow after share-based pay at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
−8.5% a year for ten years
$14.64
today’s price
Its base case
25.0% a year for five years, then 15.0%
$114.39
681.3% above today’s price

Both are growth in free cash flow after share-based pay, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Coeur Mining, Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Cash flow to equity
the four quarters to September 2026, from the 10-Q and 10-K filings, before share-based pay

Yearly growth in cash flow. It usually slows as the company matures.

Today’s price implies free cash flow after share-based pay growing −8.5% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

Diluted shares outstanding. Net debt, under Advanced inputs, is taken off before dividing.

Advanced inputs
Free cash flow Revenue and margin
negative is net cash
new shares the cash flow does not pay for

Against Coeur Mining, Inc.’s own cost of capital: risk-free 4.3% + beta 1.44 × equity premium 4.5% = 10.8% cost of equity; weighted, 10.8%.

Use 10.8%
Equity value $96.55b ▲ above market cap $12.36b
Base case value per share $114.39 equity value ÷ 844.04m shares
Current price $14.64 market price per share
Above today’s price 681.3% upside at the base case’s assumptions

How we got there$30.65b 10 years of cash to equity+$64.72b terminal value+$1.17b net cash=$96.55b equity value÷844.04m shares=$114.39 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Gold).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 15.81× 41.78× 41.78× 62% below 17.98× 12% below
P/FCF 11.47× 27.77× 27.77× 59% below 15.50× 26% below
P/B 1.44× 1.76× 1.94× 26% below 2.42× 41% below
EV/EBITDA 8.14× 12.80× 11.15× 27% below 6.72× 21% above
EV/Sales 4.03× 3.09× 2.79× 44% above 3.73× 8% above
P/E P/FCF P/B EV/EBITDA EV/Sales
22.18×45.41×68.65×91.88×10Y avg 41.78×20162020202420252026

CDE trades at 15.81× P/E, against a 10-year average of 41.78× (range 15.81×–98.57×). That is cheaper than 100% of the last 4 year-end readings; re-rating to the average implies $38.70 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.