MUX (McEwen) Intrinsic Value: Projected FCF: $1.65 (As of Sep. 05, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MUX McEwen Inc MUX
62 GF Score
Price $20.07
GF Value $10.56
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is McEwen Intrinsic Value: Projected FCF?

McEwen MUX -2.29% 62 Intrinsic Value: Projected FCF is $1.65 as of Sep. 05, 2026. GuruFocus rates MUX with a GF Score™ of 62/100 and a GF Value™ of $10.56 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 656 Metals & Mining companies, McEwen ranks worse than 87.2% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-05), McEwen's Intrinsic Value: Projected FCF is $1.65. The stock price of McEwen is $20.07. Therefore, McEwen's Price-to-Intrinsic-Value-Projected-FCF of today is 12.2.

The historical rank and industry rank for McEwen's Intrinsic Value: Projected FCF or its related term are showing as below:

MUX' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 3.55   Med: 12.93   Max: 70.41
Current: 12.17

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of McEwen was 70.41. The lowest was 3.55. And the median was 12.93.

MUX's Price-to-Projected-FCF is ranked worse than
87.2% of 656 companies
in the Metals & Mining industry
Industry Median: 2.41 vs MUX: 12.17

McEwen  (NYSE:MUX) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

McEwen's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=20.07/1.6535012724039
=12.14

* 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.


McEwen Intrinsic Value: Projected FCF Related Terms


McEwen Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for McEwen's Intrinsic Value: Projected FCF 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.

McEwen Intrinsic Value: Projected FCF Chart

McEwen Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.03 -6.63 -4.70 -2.66 -1.18

McEwen Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF 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 -1.96 -1.87 -1.18 0.29 1.65

MUX vs LODE, ACRG, THMG: Intrinsic Value: Projected FCF Comparison

For the Other Precious Metals & Mining subindustry, McEwen's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.


McEwen Price-to-Projected-FCF vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, McEwen's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where McEwen's Price-to-Projected-FCF falls into.


MUX
62GF Score
McEwen Inc MUX
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

McEwen Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get McEwen's Free Cash Flow(6 year avg) = $-41.32.

McEwen's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(10.696602726433*-41.31664+706.636*0.8)/74.606
=1.65

* 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.

What does a Intrinsic Value: Projected FCF of $1.65 mean?
McEwen (MUX) has a Intrinsic Value: Projected FCF of $1.65 as of Sep. 05, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on McEwen and its competitors. According to the industry distribution chart, McEwen ranks #572 out of 656 companies in the Metals & Mining industry, placing it in the top 87.2%.
Is McEwen's Intrinsic Value: Projected FCF too high?
McEwen's current Intrinsic Value: Projected FCF is $1.65. The Metals & Mining industry median Intrinsic Value: Projected FCF is 2.41. McEwen's value of $1.65 is 31.5% below this industry median. Based on the distribution chart, McEwen ranks #572 out of 656 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, McEwen has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does McEwen's Intrinsic Value: Projected FCF compare to LODE and ACRG?
According to the Metals & Mining industry distribution chart, McEwen ranks #572 out of 656 companies for Intrinsic Value: Projected FCF. This places McEwen in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 2.41. McEwen's value of $1.65 is 31.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Metals & Mining company?
The median Intrinsic Value: Projected FCF among Metals & Mining companies is 2.41, based on 656 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. McEwen's current Intrinsic Value: Projected FCF of $1.65 is 31.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on McEwen and its competitors. For the Metals & Mining industry, the median Intrinsic Value: Projected FCF is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McEwen's current Intrinsic Value: Projected FCF is $1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McEwen stock overvalued right now?
Based on GuruFocus' analysis, McEwen (MUX) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.56, compared to a current price of $20.07 — trading 90.1% above its estimated fair value. The current Intrinsic Value: Projected FCF is $1.65 and 31.5% below the Metals & Mining industry median of 2.41. McEwen's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For McEwen (MUX), the current Intrinsic Value: Projected FCF is $1.65 as of Sep. 05, 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 McEwen (MUX) Overvalued in 2026?

Based on GuruFocus' analysis, McEwen stock appears to be overvalued. The current stock price of $20.07 is trading 90.1% above its estimated GF Value™ of $10.56. GuruFocus considers McEwen to be Significantly Overvalued.

Key valuation signals for MUX:

  • Intrinsic Value: Projected FCF: $1.65
  • GF Value™: $10.56 vs. price of $20.07 (90.1% above fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 31.5% below the Metals & Mining median (#572 of 656)

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


McEwen Business Description

Address 150 King Street West, Suite 2800, PO Box 24, Toronto, ON, CAN, M5H 1J9
McEwen Inc is a mining and minerals production and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company generates its revenue from gold and silver production. It owns and operates the wholly-owned El Gallo 1 mine in Mexico and holds a minority stake in the company that manages the San Jose mine in Argentina. Its Other operations include: Fox Complex, Gold Bar Complex, Project Fenix, and Los Azules. The company generates its revenue from gold and silver production. Its operating segments include Canada, United States, Mexico, MSC and McEwen Copper, of which it derives maximum revenue from USA.
62GF Score

Get the complete analysis for MUX

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$20.07
Price
$10.56
GF Value