Coeur Mining, Inc. (CDE) intrinsic value & 10-year financials
Coeur Mining, Inc. (CDE) has a Graham intrinsic value of $26.78 per share. At $15.47 on Oct 17, 2026, the stock trades 42% below that value. Over the last 10 fiscal years revenue grew 15.4% a year to $2.1B, with an average return on invested capital of 0.1%.
- Graham intrinsic value
- $26.78
- Share price (Oct 17, 2026)
- $15.47
- Price vs Graham value
- 42% below
- Market cap
- $9.5B
- Revenue (FY2025)
- $2.1B
- Revenue growth (10-yr CAGR)
- 15.4%
- ROIC (10-yr avg)
- 0.1%
- Free cash flow (FY2025)
- $665.7M
CDE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.1B | $585.9M | $0.95 | $665.7M | 34.2% | 30.7% |
| FY2024 | $1.1B | $58.9M | $0.15 | -$9.0M | 15.6% | 7.5% |
| FY2023 | $821.2M | -$103.6M | -$0.30 | -$297.3M | -4.7% | -3.3% |
| FY2022 | $785.6M | -$78.1M | -$0.28 | -$326.7M | -5.0% | -3.1% |
| FY2021 | $832.8M | -$31.3M | -$0.13 | -$199.3M | — | -3.0% |
| FY2020 | $785.5M | $25.6M | $0.11 | $49.4M | — | 2.9% |
| FY2019 | $711.5M | -$341.2M | -$1.56 | -$7.9M | — | -33.2% |
| FY2018 | $625.9M | -$48.4M | -$0.26 | -$123.4M | — | -4.5% |
| FY2017 | $709.6M | -$1.3M | -$0.01 | $71.7M | — | -0.1% |
| FY2016 | $571.9M | $55.4M | $0.34 | $24.8M | — | 6.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Coeur Mining, Inc. is a consistent compounder, expanding top-line revenue at 15.4% annually over the past decade.
Coeur Mining, Inc. has historically struggled to out-earn its cost of capital, averaging just 0.1% ROIC.
Coeur Mining, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Coeur Mining, Inc. is modeled at 12.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $26.78 per share.