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 6,350 - -
Change - 15.07% 24.81% 12.31% 127.23% -7.58% - -
Enterprise Value (EV) 1 1,834 2,088 2,692 2,988 6,800 6,521 6,091 5,688
Change - 13.83% 28.94% 10.97% 127.6% -4.1% -6.59% -6.62%
P/E 38.7x 39.6x 74.2x -136x 28.2x 16.1x 24.1x 18.3x
PBR 1.45x 1.64x - - - - - -
PEG - 3.1x -1.5x 1x -0x 0.3x -0.7x 0.6x
Capitalization / Revenue 12.5x 14.2x 13.2x 11.2x 17.7x 12.9x 11.6x 10.7x
EV / Revenue 12.2x 13.7x 13.2x 11.1x 17.5x 13.2x 11.1x 9.58x
EV / EBITDA 14.9x 17.7x 17x 13.6x 20.9x 15.3x 12.5x 11.1x
EV / EBIT 26.7x 32.6x 66.9x 23x 31.4x 21x 19.7x 15x
EV / FCF 26.7x 31.6x -73.2x 19.2x 72.2x -45.5x 13.2x 12.7x
FCF Yield 3.75% 3.17% -1.37% 5.22% 1.39% -2.2% 7.55% 7.85%
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% 0.76% 0.78% 0.78%
EPS 2 0.31 0.35 0.18 -0.11 1.18 1.91 1.28 1.68
Distribution rate 30.6% 57.1% 114% -195% 19.1% 12.3% 18.8% 14.3%
Net sales 1 150.4 151.9 204 269 388.7 493.9 549 593.5
EBITDA 1 123.5 117.7 158.5 220.2 325 427.3 486.8 511.8
EBIT 1 68.74 64.11 40.26 130 216.5 310.5 309.2 379
Net income 1 45.53 55.09 36.28 -23.08 240 394.4 263.9 347
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 30.83 30.83 30.83
Nbr of stocks (in thousands) 156,193 155,717 201,570 201,433 206,562 206,003 - -
Announcement Date 22/02/22 21/02/23 21/02/24 19/02/25 18/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.42x18.87x20.42x0.68% 49.75B
15.14x5.07x7.21x1.85% 48.82B
9.41x3.05x4.45x5.33% 35.85B
15.46x4.73x8.09x2.78% 19.56B
10.91x - - 5.47% 15.97B
5.69x1.61x3.02x4.88% 11.69B
16.85x13.19x15.73x0.73% 6.63B
46.44x6.58x10.2x1.31% 5.13B
Average 18.91x 7.58x 9.87x 2.88% 24.18B
Weighted average by Cap. 18.27x 8.61x 10.58x 2.72%

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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