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 7,004 - -
Change - 15.07% 24.81% 12.31% 127.23% 1.94% - -
Enterprise Value (EV) 1 1,834 2,088 2,692 2,988 6,800 7,175 6,745 6,342
Change - 13.83% 28.94% 10.97% 127.6% 5.52% -5.99% -5.97%
P/E 38.7x 39.6x 74.2x -136x 28.2x 18.7x 27x 17.9x
PBR 1.45x 1.64x - - - - - -
PEG - 3.1x -1.5x 1x -0x 0.3x -0.9x 0.4x
Capitalization / Revenue 12.5x 14.2x 13.2x 11.2x 17.7x 13.5x 10.8x 12x
EV / Revenue 12.2x 13.7x 13.2x 11.1x 17.5x 13.9x 10.4x 10.9x
EV / EBITDA 14.9x 17.7x 17x 13.6x 20.9x 16.3x 13.4x 12.2x
EV / EBIT 26.7x 32.6x 66.9x 23x 31.4x 21.4x 15.6x 17.7x
EV / FCF 26.7x 31.6x -73.2x 19.2x 72.2x -49.7x 14.5x 14.1x
FCF Yield 3.75% 3.17% -1.37% 5.22% 1.39% -2.01% 6.9% 7.11%
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% 0.69% 0.71% 0.71%
EPS 2 0.31 0.35 0.18 -0.11 1.18 1.82 1.26 1.9
Distribution rate 30.6% 57.1% 114% -195% 19.1% 12.9% 19% 12.6%
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 -23.08 240 376.4 476.9 392.2
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 34.00 34.00 34.00
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.($)
18.68x13.86x16.25x0.69% 7B
15.01x5.86x8.34x1.65% 55.03B
32.48x19.49x21.09x0.66% 51.36B
10.44x3.55x5.03x5% 42.51B
17.75x5.43x9.3x2.49% 22.83B
12.45x - - 5.28% 19.22B
7.52x2.12x4.29x4.15% 12.95B
47.52x6.74x10.46x1.28% 5.37B
9.53x2.08x4.41x1.91% 4.49B
Average 19.04x 7.39x 9.90x 2.57% 24.53B
Weighted average by Cap. 18.61x 8.77x 10.98x 2.58%

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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