Company Valuation: Triple Flag Precious Metals Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,875 2,157 2,692 3,024 6,871 6,718 - -
Change - 15.07% 24.81% 12.31% 127.23% -2.23% - -
Enterprise Value (EV) 1 1,834 2,088 2,692 2,988 6,800 6,889 6,459 6,056
Change - 13.83% 28.94% 10.97% 127.6% 1.31% -6.24% -6.24%
P/E 38.7x 39.6x 74.2x -136x 28.2x 17.9x 25.9x -
PBR 1.45x 1.64x - - - - - -
PEG - 3.1x -1.5x 1x -0x 0.3x -0.8x -
Capitalization / Revenue 12.5x 14.2x 13.2x 11.2x 17.7x 13x 10.4x 11.5x
EV / Revenue 12.2x 13.7x 13.2x 11.1x 17.5x 13.3x 9.99x 10.4x
EV / EBITDA 14.9x 17.7x 17x 13.6x 20.9x 15.6x 12.8x 11.7x
EV / EBIT 26.7x 32.6x 66.9x 23x 31.4x 20.5x 15x 16.9x
EV / FCF 26.7x 31.6x -73.2x 19.2x 72.2x -47.7x 13.9x 13.4x
FCF Yield 3.75% 3.17% -1.37% 5.22% 1.39% -2.1% 7.21% 7.45%
Dividend per Share 2 0.095 0.2 0.205 0.215 0.225 0.235 0.24 0.24
Rate of return 0.79% 1.44% 1.53% 1.43% 0.68% 0.72% 0.74% 0.74%
EPS 2 0.31 0.35 0.18 -0.11 1.18 1.82 1.26 -
Distribution rate 30.6% 57.1% 114% -195% 19.1% 12.9% 19% -
Net sales 1 150.4 151.9 204 269 388.7 517.7 646.5 583
EBITDA 1 123.5 117.7 158.5 220.2 325 441.4 503.8 518
EBIT 1 68.74 64.11 40.26 130 216.5 335.5 431.2 359
Net income 1 45.53 55.09 36.28 -23.08 240 376.4 476.9 -
Net Debt 1 -40.4 -69.18 - -36.24 -71.28 171 -259 -662
Reference price 2 12.00 13.85 13.36 15.01 33.26 32.61 32.61 32.61
Nbr of stocks (in thousands) 156,193 155,717 201,570 201,433 206,562 206,003 - -
Announcement Date 2/22/22 2/21/23 2/21/24 2/19/25 2/18/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.13x18.65x20.18x0.69% 49.22B
9.99x3.4x4.81x5.23% 40.69B
16.9x5.17x8.85x2.61% 21.68B
12.51x - - 4.77% 18.28B
5.38x1.63x3x5.13% 12.11B
17.92x13.31x15.61x0.72% 6.72B
46.8x6.63x10.29x1.3% 5.27B
9.22x1.97x3.91x1.41% 4.34B
Average 18.73x 7.25x 9.52x 2.73% 19.79B
Weighted average by Cap. 18.99x 9.43x 11.38x 2.97%

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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