Agnico Invested Capital vs Enterprise Value Analysis

AEM Stock

USD 64.94 1.25 1.96%

Agnico Eagle financial indicator trend analysis is way more than just evaluating Agnico Eagle Mines prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Agnico Eagle Mines is a good investment. Please check the relationship between Agnico Eagle Invested Capital and its Enterprise Value accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Invested Capital vs Enterprise Value

Invested Capital vs Enterprise Value Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Agnico Eagle Mines Invested Capital account and Enterprise Value. At this time, the significance of the direction appears to have pay attention.

The correlation between Agnico Eagle's Invested Capital and Enterprise Value is -0.85. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Enterprise Value in the same time period over historical financial statements of Agnico Eagle Mines, assuming nothing else is changed. The correlation between historical values of Agnico Eagle's Invested Capital and Enterprise Value is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Agnico Eagle Mines are associated (or correlated) with its Enterprise Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Enterprise Value has no effect on the direction of Invested Capital i.e., Agnico Eagle's Invested Capital and Enterprise Value go up and down completely randomly.

Correlation Coefficient

-0.85

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Agnico Eagle Mines. There are two different methods for calculating Agnico Eagle Mines invested capital: operating approach and financing approach. Understanding Agnico Eagle invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Enterprise Value

Enterprise Value (or EV) is usually referred to as Agnico Eagle theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Agnico Eagle Mines debt, but would also pocket its cash. Enterprise Value is more accurate representation of Agnico Eagle value than its market capitalization because it takes into account all of Agnico Eagle Mines existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.

Most indicators from Agnico Eagle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Agnico Eagle Mines current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

At this time, Agnico Eagle's Selling General Administrative is very stable compared to the past year. As of the 26th of April 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Issuance Of Capital Stock is likely to drop about 19.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.3B	2.0B	2.0B	2.1B
Total Revenue	3.8B	5.7B	6.7B	7.1B

Gross Profit Total Revenue

Agnico Eagle fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Current Deferred Revenue	Common Stock Total Equity	Common Stock
Common Stock Shares Outstanding		0.98	0.79	0.92	0.97	0.24	0.68	0.59	0.52	0.39	0.97	0.93	0.86	0.33	-0.35	0.98	0.77	-0.22	0.98	0.95	0.97	0.8	0.39	0.44	0.83	0.98
Total Assets	0.98		0.85	0.92	1.0	0.16	0.62	0.71	0.43	0.29	1.0	0.97	0.88	0.22	-0.45	0.99	0.7	-0.24	0.99	0.99	0.94	0.71	0.37	0.44	0.73	1.0
Other Current Liab	0.79	0.85		0.69	0.86	-0.27	0.43	0.85	0.02	0.15	0.85	0.81	0.65	0.12	-0.3	0.83	0.44	-0.2	0.82	0.84	0.75	0.5	0.19	0.07	0.49	0.83
Total Current Liabilities	0.92	0.92	0.69		0.9	0.29	0.74	0.58	0.58	0.31	0.91	0.94	0.93	0.24	-0.44	0.93	0.73	-0.26	0.94	0.92	0.91	0.83	0.68	0.59	0.82	0.9
Total Stockholder Equity	0.97	1.0	0.86	0.9		0.15	0.58	0.73	0.42	0.3	1.0	0.96	0.87	0.22	-0.45	0.99	0.69	-0.23	0.98	0.99	0.93	0.68	0.35	0.42	0.7	1.0
Property Plant And Equipment Net	0.24	0.16	-0.27	0.29	0.15		0.05	-0.35	0.9	0.6	0.14	0.11	0.25	0.53	-0.08	0.14	0.37	-0.06	0.16	0.14	0.33	0.23	0.23	0.19	0.32	0.19
Net Debt	0.68	0.62	0.43	0.74	0.58	0.05		0.23	0.37	-0.01	0.61	0.67	0.68	-0.01	-0.23	0.69	0.63	-0.21	0.7	0.6	0.63	0.94	0.55	0.61	0.86	0.59
Retained Earnings	0.59	0.71	0.85	0.58	0.73	-0.35	0.23		-0.1	-0.11	0.72	0.76	0.67	-0.2	-0.48	0.68	0.32	-0.02	0.68	0.76	0.53	0.23	0.16	0.16	0.19	0.68
Accounts Payable	0.52	0.43	0.02	0.58	0.42	0.9	0.37	-0.1		0.64	0.42	0.42	0.56	0.54	-0.19	0.44	0.61	-0.1	0.46	0.42	0.6	0.54	0.4	0.34	0.61	0.45
Cash	0.39	0.29	0.15	0.31	0.3	0.6	-0.01	-0.11	0.64		0.27	0.18	0.2	0.98	0.22	0.28	0.3	-0.12	0.29	0.22	0.55	0.31	0.09	-0.13	0.46	0.32
Non Current Assets Total	0.97	1.0	0.85	0.91	1.0	0.14	0.61	0.72	0.42	0.27		0.97	0.88	0.2	-0.46	0.99	0.69	-0.24	0.99	0.99	0.93	0.7	0.37	0.45	0.71	1.0
Non Currrent Assets Other	0.93	0.97	0.81	0.94	0.96	0.11	0.67	0.76	0.42	0.18	0.97		0.96	0.09	-0.57	0.97	0.65	-0.27	0.97	0.98	0.88	0.73	0.45	0.53	0.71	0.95
Other Assets	0.86	0.88	0.65	0.93	0.87	0.25	0.68	0.67	0.56	0.2	0.88	0.96		0.09	-0.6	0.9	0.68	-0.22	0.91	0.91	0.84	0.74	0.5	0.57	0.72	0.86
Cash And Short Term Investments	0.33	0.22	0.12	0.24	0.22	0.53	-0.01	-0.2	0.54	0.98	0.2	0.09	0.09		0.33	0.21	0.21	-0.17	0.21	0.14	0.49	0.3	0.09	-0.19	0.44	0.25
Short Term Investments	-0.35	-0.45	-0.3	-0.44	-0.45	-0.08	-0.23	-0.48	-0.19	0.22	-0.46	-0.57	-0.6	0.33		-0.45	0.01	0.58	-0.45	-0.51	-0.26	-0.17	-0.16	-0.46	-0.15	-0.44
Non Current Liabilities Total	0.98	0.99	0.83	0.93	0.99	0.14	0.69	0.68	0.44	0.28	0.99	0.97	0.9	0.21	-0.45		0.71	-0.26	1.0	0.98	0.94	0.78	0.38	0.48	0.78	0.99
Other Current Assets	0.77	0.7	0.44	0.73	0.69	0.37	0.63	0.32	0.61	0.3	0.69	0.65	0.68	0.21	0.01	0.71		0.33	0.72	0.68	0.76	0.69	0.36	0.4	0.73	0.7
Other Stockholder Equity	-0.22	-0.24	-0.2	-0.26	-0.23	-0.06	-0.21	-0.02	-0.1	-0.12	-0.24	-0.27	-0.22	-0.17	0.58	-0.26	0.33		-0.26	-0.23	-0.21	-0.26	-0.21	-0.16	-0.27	-0.24
Total Liab	0.98	0.99	0.82	0.94	0.98	0.16	0.7	0.68	0.46	0.29	0.99	0.97	0.91	0.21	-0.45	1.0	0.72	-0.26		0.98	0.94	0.79	0.42	0.49	0.79	0.99
Property Plant And Equipment Gross	0.95	0.99	0.84	0.92	0.99	0.14	0.6	0.76	0.42	0.22	0.99	0.98	0.91	0.14	-0.51	0.98	0.68	-0.23	0.98		0.91	0.67	0.39	0.44	0.68	0.98
Total Current Assets	0.97	0.94	0.75	0.91	0.93	0.33	0.63	0.53	0.6	0.55	0.93	0.88	0.84	0.49	-0.26	0.94	0.76	-0.21	0.94	0.91		0.8	0.41	0.34	0.85	0.94
Short Long Term Debt Total	0.8	0.71	0.5	0.83	0.68	0.23	0.94	0.23	0.54	0.31	0.7	0.73	0.74	0.3	-0.17	0.78	0.69	-0.26	0.79	0.67	0.8		0.55	0.55	0.96	0.7
Short Term Debt	0.39	0.37	0.19	0.68	0.35	0.23	0.55	0.16	0.4	0.09	0.37	0.45	0.5	0.09	-0.16	0.38	0.36	-0.21	0.42	0.39	0.41	0.55		0.58	0.49	0.35
Current Deferred Revenue	0.44	0.44	0.07	0.59	0.42	0.19	0.61	0.16	0.34	-0.13	0.45	0.53	0.57	-0.19	-0.46	0.48	0.4	-0.16	0.49	0.44	0.34	0.55	0.58		0.46	0.43
Common Stock Total Equity	0.83	0.73	0.49	0.82	0.7	0.32	0.86	0.19	0.61	0.46	0.71	0.71	0.72	0.44	-0.15	0.78	0.73	-0.27	0.79	0.68	0.85	0.96	0.49	0.46		0.72
Common Stock	0.98	1.0	0.83	0.9	1.0	0.19	0.59	0.68	0.45	0.32	1.0	0.95	0.86	0.25	-0.44	0.99	0.7	-0.24	0.99	0.98	0.94	0.7	0.35	0.43	0.72

Click cells to compare fundamentals

Agnico Eagle Account Relationship Matchups

Agnico Eagle fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	238.2M	243.1M	244.7M	438.5M	489.9M	514.4M
Total Assets	8.8B	9.6B	10.2B	23.5B	28.5B	30.0B
Other Current Liab	55.4M	904K	22.1M	137.5M	500.0M	524.9M
Total Current Liabilities	775.6M	515.7M	761.8M	946.4M	1.0B	1.1B
Total Stockholder Equity	5.1B	5.7B	6.0B	16.2B	19.3B	20.3B
Property Plant And Equipment Net	7.0B	7.3B	7.6B	18.5B	1.2B	1.1B
Net Debt	1.5B	1.3B	1.5B	834.8M	1.7B	1.7B
Retained Earnings	(647.3M)	(366.4M)	(165.3M)	(201.6M)	958.2M	1.0B
Accounts Payable	345.6M	363.8M	414.7M	672.5M	316.3M	165.9M
Cash	321.9M	402.5M	185.8M	658.6M	336.9M	220.5M
Non Current Assets Total	7.6B	8.4B	8.9B	21.3B	26.4B	27.7B
Non Currrent Assets Other	184.9M	259.3M	353.2M	466.9M	669.4M	702.8M
Other Assets	189.9M	352.0M	486.8M	478.5M	550.3M	577.8M
Cash And Short Term Investments	414.2M	406.5M	191.1M	658.6M	347.1M	267.9M
Short Term Investments	92.3M	3.9M	5.3M	9.9M	10.1M	9.6M
Liabilities And Stockholders Equity	8.8B	9.6B	10.2B	23.5B	28.5B	30.0B
Non Current Liabilities Total	2.9B	3.4B	3.4B	6.3B	8.2B	8.6B
Other Current Assets	179.2M	159.2M	198.8M	260.0M	237.2M	249.1M
Other Stockholder Equity	217.4M	212.9M	228.4M	220.7M	22.0M	20.9M
Total Liab	3.7B	3.9B	4.2B	7.3B	9.2B	9.7B
Property Plant And Equipment Gross	7.0B	7.3B	14.1B	26.1B	32.5B	34.1B
Total Current Assets	1.2B	1.2B	1.3B	2.2B	2.2B	2.3B
Accumulated Other Comprehensive Income	(47.9M)	85.3M	54.3M	(29.0M)	102.3M	107.4M
Short Long Term Debt Total	1.8B	1.7B	1.7B	1.5B	2.0B	2.1B
Short Term Debt	374.7M	20.9M	258.0M	136.5M	145.6M	152.9M
Common Stock Total Equity	5.3B	5.4B	5.6B	5.8B	6.6B	6.9B
Common Stock	5.6B	5.8B	5.9B	16.3B	18.2B	19.2B
Net Receivables	10.6M	15.5M	21.2M	43.6M	184.0M	193.2M
Inventory	580.1M	630.5M	878.9M	1.2B	1.4B	1.5B
Other Liab	1.4B	1.8B	2.0B	5.0B	5.7B	6.0B
Long Term Debt	1.4B	1.6B	1.3B	1.2B	1.7B	953.5M
Property Plant Equipment	7.0B	7.3B	7.6B	18.5B	21.2B	22.3B
Net Tangible Assets	4.1B	4.7B	5.3B	5.6B	6.4B	4.6B
Long Term Debt Total	1.5B	1.7B	1.4B	1.4B	1.6B	1.5B

Pair Trading with Agnico Eagle

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Agnico Eagle position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Agnico Eagle will appreciate offsetting losses from the drop in the long position's value.

Moving together with Agnico Stock

0.94	AA	Alcoa Corp Financial Report 17th of July 2024	Pair Corr
0.91	AG	First Majestic Silver Earnings Call This Week	Pair Corr
0.92	AU	AngloGold Ashanti plc Buyout Trend	Pair Corr

Moving against Agnico Stock

0.86	NC	NACCO Industries Earnings Call This Week	Pair Corr
0.8	X	United States Steel Earnings Call This Week	Pair Corr
0.77	VALE	Vale SA ADR Aggressive Push	Pair Corr

The ability to find closely correlated positions to Agnico Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agnico Eagle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agnico Eagle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agnico Eagle Mines to buy it.

The correlation of Agnico Eagle is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agnico Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agnico Eagle Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Agnico Eagle can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Agnico Eagle Mines is a strong investment it is important to analyze Agnico Eagle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Agnico Eagle's future performance. For an informed investment choice regarding Agnico Stock, refer to the following important reports:

How To Invest In Agnico

Details

Is Agnico Stock a good investment?

Details

What is Agnico Eagle's Net Worth?

Details

Largest Metals & Mining Companies

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Largest Materials Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Note that the Agnico Eagle Mines information on this page should be used as a complementary analysis to other Agnico Eagle's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Agnico Stock analysis

When running Agnico Eagle's price analysis, check to measure Agnico Eagle's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Agnico Eagle is operating at the current time. Most of Agnico Eagle's value examination focuses on studying past and present price action to predict the probability of Agnico Eagle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agnico Eagle's price. Additionally, you may evaluate how the addition of Agnico Eagle to your portfolios can decrease your overall portfolio volatility.

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Is Agnico Eagle's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agnico Eagle. If investors know Agnico will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agnico Eagle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.431

Dividend Share

1.6

Earnings Share

3.95

Revenue Per Share

13.56

Quarterly Revenue Growth

0.269

The market value of Agnico Eagle Mines is measured differently than its book value, which is the value of Agnico that is recorded on the company's balance sheet. Investors also form their own opinion of Agnico Eagle's value that differs from its market value or its book value, called intrinsic value, which is Agnico Eagle's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Agnico Eagle's market value can be influenced by many factors that don't directly affect Agnico Eagle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Agnico Eagle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agnico Eagle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico Eagle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Agnico Invested Capital vs Enterprise Value Analysis

Invested Capital vs Enterprise Value

Invested Capital vs Enterprise Value Correlation Analysis

Correlation Coefficient

Invested Capital

Enterprise Value

Agnico Eagle fundamental ratios Correlations

Agnico Eagle Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Agnico Eagle fundamental ratios Accounts

Pair Trading with Agnico Eagle

Moving together with Agnico Stock

Moving against Agnico Stock

Complementary Tools for Agnico Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Common Stock	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Non Current Assets Total

Short Term Investments	- 0.6	Other Assets
Short Term Investments	- 0.57	Non Currrent Assets Other
Property Plant And Equipment Gross	- 0.51	Short Term Investments
Short Term Investments	- 0.48	Retained Earnings
Current Deferred Revenue	- 0.46	Short Term Investments
Short Term Investments	- 0.46	Non Current Assets Total