IAMGOLD Corporation

DB:IAL Stock Report

Market Cap: €3.0b

IAMGOLD Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: IAL (€5.33) is trading below our estimate of fair value (€36.66)

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

Key Valuation Metric

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

Key metric: As IAL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IAL. This is calculated by dividing IAL's market cap by their current earnings.
What is IAL's PE Ratio?
PE Ratio4.5x
EarningsUS$724.00m
Market CapUS$3.19b

Price to Earnings Ratio vs Peers

How does IAL's PE Ratio compare to its peers?

The above table shows the PE ratio for IAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.9x
NDA Aurubis
9x-6.2%€3.4b
SDF K+S
78.7x61.1%€2.0b
WCH Wacker Chemie
28.8x37.0%€3.6b
FPE3 Fuchs
19.2x8.9%€5.1b
IAL IAMGOLD
4.5x-11.3%€4.4b

Price-To-Earnings vs Peers: IAL is good value based on its Price-To-Earnings Ratio (4.5x) compared to the peer average (33.9x).

Price to Earnings Ratio vs Industry

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

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IAL 4.5xIndustry Avg. 11.8xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IAL is good value based on its Price-To-Earnings Ratio (4.5x) compared to the European Metals and Mining industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

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

IAL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.5x
Fair PE Ratio13.2x

Price-To-Earnings vs Fair Ratio: IAL is good value based on its Price-To-Earnings Ratio (4.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.2x).

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 IAL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.33
€6.99
+31.2%
11.2%€8.12€6.04n/a6
Nov ’25€5.11
€6.85
+34.1%
11.8%€8.04€5.94n/a6
Oct ’25€4.68
€5.45
+16.4%
15.0%€6.62€3.96n/a6
Sep ’25€4.58
€5.15
+12.5%
16.2%€6.57€3.92n/a6
Aug ’25€3.75
€4.86
+29.6%
18.4%€6.68€4.02n/a6
Jul ’25€3.40
€4.62
+35.7%
17.7%€6.00€3.60n/a6
Jun ’25€3.67
€3.89
+5.8%
8.5%€4.22€3.56n/a2
May ’25€3.39
€4.16
+22.7%
22.8%€5.96€3.04n/a8
Apr ’25€3.06
€3.09
+1.0%
22.2%€4.46€2.07n/a8
Mar ’25€2.37
€2.96
+25.3%
17.2%€3.76€2.05n/a8
Feb ’25€2.36
€2.94
+24.7%
17.6%€3.79€2.06n/a8
Jan ’25€2.27
€2.94
+29.9%
14.0%€3.76€2.30n/a8
Dec ’24€2.29
€2.88
+26.0%
14.9%€3.69€2.32n/a7
Nov ’24€2.35
€3.15
+34.4%
16.0%€3.79€2.42€5.116
Oct ’24€1.97
€3.24
+64.5%
16.0%€3.90€2.48€4.686
Sep ’24€2.21
€3.12
+41.3%
16.0%€3.75€2.39€4.586
Aug ’24€2.40
€3.31
+37.8%
19.5%€4.14€2.43€3.756
Jul ’24€2.36
€3.34
+41.4%
16.5%€4.07€2.39€3.407
Jun ’24€2.46
€3.36
+36.3%
16.9%€4.12€2.42€3.677
May ’24€2.56
€3.21
+25.7%
17.2%€4.02€2.37€3.396
Apr ’24€2.53
€2.87
+13.5%
18.4%€3.72€2.20€3.066
Mar ’24€2.13
€2.95
+38.5%
18.5%€3.85€2.28€2.376
Feb ’24€2.53
€2.93
+15.5%
19.6%€3.92€2.21€2.366
Jan ’24€2.38
€2.48
+4.3%
8.3%€2.76€2.17€2.276
Dec ’23€2.03
€1.83
-9.8%
21.8%€2.32€1.08€2.296
Nov ’23€1.48
€1.71
+15.6%
22.1%€2.39€1.10€2.356

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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