Company Valuation: Capstone Mining

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,823 2,520 3,379 4,707 7,675 7,528 - -
Change - 38.28% 34.06% 39.33% 63.04% -1.91% - -
Enterprise Value (EV) 1 1,571 3,008 4,251 5,644 8,637 8,182 7,754 7,483
Change - 91.45% 41.33% 32.78% 53.04% -5.27% -5.23% -3.49%
P/E 7.95x 19.5x -31.9x 56.8x 24.5x 15.9x 10.4x 9.98x
PBR - - - 1.56x 2.26x 1.87x 1.58x 1.32x
PEG - -0.3x 0x -0x 0x 0.3x 0.2x 2.39x
Capitalization / Revenue 2.29x 1.94x 2.51x 2.94x 3.25x 2.56x 2.19x 2.14x
EV / Revenue 1.98x 2.32x 3.16x 3.53x 3.66x 2.79x 2.25x 2.13x
EV / EBITDA 3.63x 8.52x 16.3x 11.4x 9.07x 5.61x 4.1x 3.8x
EV / EBIT 4.42x 21.4x 129x 34.6x 12.2x 8x 5.61x 5.24x
EV / FCF 3.74x -6.37x -8.5x -114x 52x 22.7x 16.3x 236x
FCF Yield 26.7% -15.7% -11.8% -0.88% 1.92% 4.41% 6.12% 0.42%
Dividend per Share 3 - - - - - - - -
Rate of return - - - - - - - -
EPS 3 0.7017 0.2539 -0.2025 0.1565 0.5622 0.8787 1.343 1.399
Distribution rate - - - - - - - -
Net sales 1 794.8 1,296 1,346 1,599 2,360 2,935 3,439 3,518
EBITDA 1 432.2 352.8 260.3 496.1 952.7 1,459 1,890 1,967
EBIT 1 355.2 140.2 32.93 162.9 705.7 1,022 1,382 1,428
Net income 1 226.8 122.2 -101.7 82.9 315.9 477.2 711.9 751
Net Debt 1 -251.7 487.2 871.8 936.5 962.4 653.7 226 -45
Reference price 3 5.58 4.94 6.45 8.89 13.78 13.96 13.96 13.96
Nbr of stocks (in thousands) 413,361 690,500 691,784 761,894 763,657 763,949 - -
Announcement Date 2/15/22 2/15/23 2/22/24 2/19/25 3/2/26 - - -
1CAD in Million2USD in Million3CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.86x5.09x7.71x1.74% 47.73B
85.22x4.7x14.1x0.03% 26.21B
10.25x5.38x8.93x-.--% 18.24B
7.5x1.36x4.1x0.5% 16.72B
10.83x - - 3.54% 11.99B
15.97x4x7.35x0.09% 11.95B
15.89x2.79x5.61x-.--% 7.53B
14.45x3.46x5.99x3.1% 7.16B
25.52x - - 1.19% 4.83B
Average 23.50x 3.83x 7.68x 1.13% 16.93B
Weighted average by Cap. 29.19x 4.28x 8.42x 1.07%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  5. Valuation Capstone Mining