Agnico Eagle Mines (HAM:AE9) Cyclically Adjusted FCF per Share: €1.41 (As of Mar. 2026)

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HAM:AE9 Agnico Eagle Mines Ltd HAM:AE9
97 GF Score
Price €123.10
GF Value €141.78
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Agnico Eagle Mines Cyclically Adjusted FCF per Share?

Agnico Eagle Mines HAM:AE9 -3.49% 97 Cyclically Adjusted FCF per Share is €1.41 as of Mar. 2026. GuruFocus rates HAM:AE9 with a GF Score™ of 97/100 and a GF Value™ of €141.78 (Modestly Undervalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Agnico Eagle Mines's adjusted free cash flow per share for the three months ended in Mar. 2026 was €1.253. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €1.41 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Agnico Eagle Mines's average Cyclically Adjusted FCF Growth Rate was 101.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 60.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 31.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Agnico Eagle Mines was 60.50% per year. The lowest was -22.10% per year. And the median was 5.10% per year.

As of today (2026-07-16), Agnico Eagle Mines's current stock price is €123.10. Agnico Eagle Mines's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €1.41. Agnico Eagle Mines's Cyclically Adjusted Price-to-FCF of today is 87.30.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Agnico Eagle Mines was 733.09. The lowest was 87.01. And the median was 144.48.


Agnico Eagle Mines  (HAM:AE9) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Agnico Eagle Mines's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=123.10/1.41
=87.30

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Agnico Eagle Mines was 733.09. The lowest was 87.01. And the median was 144.48.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Agnico Eagle Mines Cyclically Adjusted FCF per Share Related Terms


Agnico Eagle Mines Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Agnico Eagle Mines's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Agnico Eagle Mines Cyclically Adjusted FCF per Share Chart

Agnico Eagle Mines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.36 0.41 0.69 1.32

Agnico Eagle Mines Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.73 0.89 1.06 1.32 1.41

HAM:AE9 vs NEM, AU, RGLD: Cyclically Adjusted FCF per Share Comparison

For the Gold subindustry, Agnico Eagle Mines's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Agnico Eagle Mines Cyclically Adjusted Price-to-FCF vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Agnico Eagle Mines's Cyclically Adjusted Price-to-FCF falls into.


HAM:AE9
97GF Score
Agnico Eagle Mines Ltd HAM:AE9
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Agnico Eagle Mines Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Agnico Eagle Mines's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.253/132.2623*132.2623
=1.253

Current CPI (Mar. 2026) = 132.2623.

Agnico Eagle Mines Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.420 102.002 0.545
201609 0.616 101.765 0.801
201612 -0.191 101.449 -0.249
201703 0.383 102.634 0.494
201706 -0.032 103.029 -0.041
201709 -0.226 103.345 -0.289
201712 -0.467 103.345 -0.598
201803 0.075 105.004 0.094
201806 -0.474 105.557 -0.594
201809 -0.630 105.636 -0.789
201812 -0.758 105.399 -0.951
201903 -0.205 106.979 -0.253
201906 -0.391 107.690 -0.480
201909 0.365 107.611 0.449
201912 0.231 107.769 0.283
202003 -0.021 107.927 -0.026
202006 -0.029 108.401 -0.035
202009 0.930 108.164 1.137
202012 0.602 108.559 0.733
202103 -0.211 110.298 -0.253
202106 0.687 111.720 0.813
202109 0.161 112.905 0.189
202112 0.089 113.774 0.103
202203 0.505 117.646 0.568
202206 0.465 120.806 0.509
202209 0.309 120.648 0.339
202212 -0.042 120.964 -0.046
202303 -1.461 122.702 -1.575
202306 0.556 124.203 0.592
202309 0.135 125.230 0.143
202312 0.557 125.072 0.589
202403 0.722 126.258 0.756
202406 1.029 127.522 1.067
202409 1.106 127.285 1.149
202412 1.072 127.364 1.113
202503 0.860 129.181 0.881
202506 2.235 129.892 2.276
202509 2.013 130.287 2.044
202512 2.216 130.366 2.248
202603 1.253 132.262 1.253

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of €1.41 mean?
Agnico Eagle Mines (HAM:AE9) has a Cyclically Adjusted FCF per Share of €1.41 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Agnico Eagle Mines and its competitors.
Is Agnico Eagle Mines' Cyclically Adjusted FCF per Share too high?
Agnico Eagle Mines' current Cyclically Adjusted FCF per Share is €1.41. Overall, Agnico Eagle Mines has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' Cyclically Adjusted FCF per Share compare to NEM and AU?
Agnico Eagle Mines' Cyclically Adjusted FCF per Share of €1.41 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Metals & Mining company?
A good Cyclically Adjusted FCF per Share depends on the Metals & Mining industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Agnico Eagle Mines and its competitors. Agnico Eagle Mines's current Cyclically Adjusted FCF per Share is €1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agnico Eagle Mines stock overvalued right now?
Based on GuruFocus' analysis, Agnico Eagle Mines (HAM:AE9) is currently considered Modestly Undervalued. The stock's GF Value™ is €141.78, compared to a current price of €123.10 — trading 13.2% below its estimated fair value. The current Cyclically Adjusted FCF per Share is €1.41. Agnico Eagle Mines' overall GF Score™ is 97/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Agnico Eagle Mines (HAM:AE9), the current Cyclically Adjusted FCF per Share is €1.41 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Agnico Eagle Mines (HAM:AE9) Overvalued in 2026?

Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be undervalued. The current stock price of €123.10 is trading 13.2% below its estimated GF Value™ of €141.78. GuruFocus considers Agnico Eagle Mines to be Modestly Undervalued.

Key valuation signals for HAM:AE9:

  • Cyclically Adjusted FCF per Share: €1.41
  • GF Value™: €141.78 vs. price of €123.10 (13.2% below fair value)
  • GF Score™: 97/100 with 1 warning sign

No single metric tells the full story. See the HAM:AE9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Agnico Eagle Mines Business Description

Address 145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
97GF Score

Get the complete analysis for HAM:AE9

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€123.10
Price
€141.78
GF Value