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McEwen Mining Inc
NYSE:MUX

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McEwen Mining Inc
NYSE:MUX
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Price: 21.3 USD -1.75% Market Closed
Market Cap: $1.3B

EV/IC

1.8
Current
126%
More Expensive
vs 3-y average of 0.8

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.8
=
Enterprise Value
$1.4B
/
Invested Capital
$703.2m

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.8
=
Enterprise Value
$1.4B
/
Invested Capital
$703.2m

Valuation Scenarios

McEwen Mining Inc is trading above its 3-year average

If EV/IC returns to its 3-Year Average (0.8), the stock would be worth $9.43 (56% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-56%
Maximum Upside
+80%
Average Downside
9%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.8 $21.3
0%
3-Year Average 0.8 $9.43
-56%
5-Year Average 0.8 $9.57
-55%
Industry Average 3.2 $38.3
+80%
Country Average 1.7 $20.29
-5%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
CA
McEwen Mining Inc
NYSE:MUX
1.2B USD 1.8 34.3
RU
Polyus PJSC
LSE:PLZL
70.4T USD 8 391.6 34 959.7
ZA
Gold Fields Ltd
JSE:GFI
636.8B ZAR 3.2 10.9
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
164.6B ZAR 1.6 10.1
CN
Zijin Mining Group Co Ltd
SSE:601899
885.4B CNY 2.3 14.4
US
Newmont Corporation
NYSE:NEM
118.3B USD 2.4 16.7
CA
Agnico Eagle Mines Ltd
TSX:AEM
127.7B CAD 2.9 20.4
CA
Barrick Gold Corp
TSX:ABX
89.4B CAD 1.5 13
CA
Barrick Mining Corp
F:ABR0
55.5B EUR 1.5 13.1
CA
Wheaton Precious Metals Corp
TSX:WPM
77.9B CAD 6.9 38.2
HK
Zijin Gold International Co Ltd
HKEX:2259
403.6B HKD 5.6 32.2

Market Distribution

In line with most companies in Canada
Percentile
52st
Based on 3 166 companies
52st percentile
1.8
Low
0 — 1
Typical Range
1 — 3.7
High
3.7 —
Distribution Statistics
Canada
Min 0
30th Percentile 1
Median 1.7
70th Percentile 3.7
Max 95 179.6

McEwen Mining Inc
Glance View

Market Cap
1.3B USD
Industry
Metals & Mining

McEwen Mining, Inc. engages in the the production and exploration of precious and base metals, It operates through the following geographical segments: USA, Canada, Mexico, MSC , and Los Azules. The company is headquartered in Toronto, Ontario and currently employs 430 full-time employees. The firm is engaged in the exploration, development, production and sale of gold and silver and exploration and development of copper. The firm is focused on precious and base metals in Argentina, Mexico and the United States. The firm's segments include USA, Canada, Mexico, Minera Santa Cruz (MSC) and Los Azules. The USA segment includes the production property, Gold Bar mine and other exploration properties. The Canada segment consists of the Black Fox and Stock properties and various exploration and advanced stage properties (the Fox Complex). The Mexico segment includes the El Gallo Project, Fenix Project and other Mexican properties. The MSC segment includes properties, such as the San Jose mine and other concessions located around the mine. The Los Azules segment includes the copper exploration project located in San Juan, Argentina.

MUX Intrinsic Value
14.97 USD
Overvaluation 30%
Intrinsic Value
Price $21.3
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