Coeur Mining, Inc.

DB:CDM1 Stock Report

Market Cap: €2.4b

Coeur Mining Valuation

Is CDM1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CDM1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CDM1 (€6.07) is trading below our estimate of fair value (€20.06)

Significantly Below Fair Value: CDM1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CDM1?

Key metric: As CDM1 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CDM1. This is calculated by dividing CDM1's market cap by their current revenue.
What is CDM1's PS Ratio?
PS Ratio2.5x
SalesUS$1.01b
Market CapUS$2.52b

Price to Sales Ratio vs Peers

How does CDM1's PS Ratio compare to its peers?

The above table shows the PS ratio for CDM1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.2x
TKA thyssenkrupp
0.07x1.1%€2.3b
NDA Aurubis
0.2x4.2%€3.3b
SDF K+S
0.5x0.4%€2.0b
SZG Salzgitter
0.09x2.1%€906.0m
CDM1 Coeur Mining
2.5x17.0%€2.5b

Price-To-Sales vs Peers: CDM1 is expensive based on its Price-To-Sales Ratio (2.5x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does CDM1's PS Ratio compare vs other companies in the European Metals and Mining Industry?

35 CompaniesPrice / SalesEstimated GrowthMarket Cap
CDM1 2.5xIndustry Avg. 0.7xNo. of Companies35PS00.81.62.43.24+
35 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CDM1 is expensive based on its Price-To-Sales Ratio (2.5x) compared to the European Metals and Mining industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is CDM1's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CDM1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.5x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: CDM1 is expensive based on its Price-To-Sales Ratio (2.5x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CDM1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.07
€8.22
+35.4%
9.8%€9.51€6.90n/a7
Nov ’25€5.70
€8.03
+40.8%
8.4%€9.03€6.95n/a6
Oct ’25€6.25
€7.06
+13.0%
16.3%€8.54€4.72n/a9
Sep ’25€5.56
€6.48
+16.6%
13.0%€7.49€4.77n/a9
Aug ’25€5.98
€6.54
+9.4%
14.0%€7.85€4.85n/a9
Jul ’25€5.19
€5.55
+7.0%
12.3%€7.02€4.68n/a9
Jun ’25€5.42
€5.36
-1.1%
11.7%€6.94€4.63n/a9
May ’25€4.25
€4.78
+12.6%
11.9%€5.60€3.96n/a9
Apr ’25€3.44
€3.46
+0.5%
12.9%€4.15€2.76n/a8
Mar ’25€2.46
€3.46
+40.5%
12.9%€4.15€2.76n/a8
Feb ’25€2.47
€3.88
+57.1%
10.0%€4.59€3.22n/a8
Jan ’25€2.96
€3.56
+20.2%
15.1%€4.60€2.76n/a8
Dec ’24€2.78
€3.53
+27.0%
18.2%€4.67€2.57n/a8
Nov ’24€2.36
€4.05
+71.3%
15.1%€4.96€3.07€5.707
Oct ’24€2.07
€4.08
+97.5%
12.6%€4.96€3.54€6.257
Sep ’24€2.27
€3.91
+71.9%
15.1%€4.83€2.99€5.567
Aug ’24€2.76
€4.24
+53.8%
16.9%€5.39€3.37€5.987
Jul ’24€2.58
€4.27
+65.4%
17.3%€5.47€3.42€5.197
Jun ’24€2.83
€4.33
+53.0%
19.4%€5.61€3.51€5.426
May ’24€3.15
€4.13
+30.9%
14.5%€5.21€3.62€4.255
Apr ’24€3.71
€3.94
+6.3%
19.9%€5.39€3.04€3.445
Mar ’24€2.90
€3.84
+32.5%
19.8%€5.39€3.05€2.466
Feb ’24€3.56
€3.96
+11.1%
18.5%€5.53€3.23€2.476
Jan ’24€3.26
€3.73
+14.5%
23.9%€5.65€2.82€2.967
Dec ’23€3.43
€3.90
+13.9%
24.8%€5.86€2.93€2.787
Nov ’23€3.94
€4.33
+10.0%
21.9%€6.34€3.19€2.367

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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