Ssr Mining Inc. (SSRM) intrinsic value & 10-year financials

Ssr Mining Inc. (SSRM) has a Graham intrinsic value of $61.45 per share. At $31.85 on Oct 17, 2026, the stock trades 48% below that value. Over the last 8 fiscal years revenue grew 17.6% a year to $1.6B, with an average return on invested capital of 4.8%.

Graham intrinsic value
$61.45
Share price (Oct 17, 2026)
$31.85
Price vs Graham value
48% below
Market cap
$6.9B
Revenue (FY2025)
$1.6B
Revenue growth (8-yr CAGR)
17.6%
ROIC (10-yr avg)
4.8%
Free cash flow (FY2025)
$241.6M

SSRM 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.6B $395.8M $1.85 $241.6M 28.8% 12.5%
FY2024 $987.0M -$261.3M -$1.29 -$103.4M -32.7% -10.3%
FY2023 $1.4B -$98.0M -$0.48 $198.3M -9.2% -2.2%
FY2022 $1.1B $194.1M $0.89 $23.4M 16.6% 5.2%
FY2021 $1.5B $368.1M $1.63 $444.2M 30.1% 14.7%
FY2020 $853.1M $151.5M $0.96 $168.1M 22.1% 4.8%
FY2019 $606.9M $102.8M $0.78 $7.5M 19.5% 8.9%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

SSR MINING INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

SSR MINING INC. has historically struggled to out-earn its cost of capital, averaging just 4.8% ROIC.

SSR MINING INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, SSR MINING INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $61.45 per share.

SSRM stock: frequently asked questions

What is the intrinsic value of Ssr Mining Inc. (SSRM) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, SSRM's intrinsic value is about $61.45 per share.

Is SSRM stock undervalued?

At $31.85 (close on Oct 17, 2026), SSRM trades 48% below its Graham value of $61.45. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Ssr Mining Inc. generate free cash flow?

Ssr Mining Inc. generated $241.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 7 reported years.

What is SSRM's return on invested capital?

Average ROIC over the last 8 fiscal years was 4.8%, and average return on equity was 4.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SSRM data come from?

From Ssr Mining Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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