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SSR MINING INC (SSRM) Stock Fundamental Analysis

NASDAQ:SSRM - Nasdaq - CA7847301032 - Common Stock - Currency: USD

10.23  -0.27 (-2.57%)

After market: 10.25 +0.02 (+0.2%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to SSRM. SSRM was compared to 151 industry peers in the Metals & Mining industry. While SSRM is still in line with the averages on profitability rating, there are concerns on its financial health. SSRM has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

SSRM had positive earnings in the past year.
In the past year SSRM had a positive cash flow from operations.
In multiple years SSRM reported negative net income over the last 5 years.
Of the past 5 years SSRM 4 years had a positive operating cash flow.
SSRM Yearly Net Income VS EBIT VS OCF VS FCFSSRM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

1.2 Ratios

Looking at the Return On Assets, with a value of -9.42%, SSRM is doing worse than 67.83% of the companies in the same industry.
SSRM has a Return On Equity of -15.63%. This is in the lower half of the industry: SSRM underperforms 67.13% of its industry peers.
SSRM has a Return On Invested Capital of 4.36%. This is comparable to the rest of the industry: SSRM outperforms 58.74% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SSRM is below the industry average of 8.84%.
Industry RankSector Rank
ROA -9.42%
ROE -15.63%
ROIC 4.36%
ROA(3y)2.98%
ROA(5y)3.03%
ROE(3y)4.31%
ROE(5y)4.5%
ROIC(3y)5.87%
ROIC(5y)5.78%
SSRM Yearly ROA, ROE, ROICSSRM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 -20

1.3 Margins

SSRM has a better Operating Margin (22.19%) than 80.42% of its industry peers.
In the last couple of years the Operating Margin of SSRM has grown nicely.
SSRM has a Gross Margin of 47.74%. This is amongst the best in the industry. SSRM outperforms 86.71% of its industry peers.
In the last couple of years the Gross Margin of SSRM has grown nicely.
Industry RankSector Rank
OM 22.19%
PM (TTM) N/A
GM 47.74%
OM growth 3Y-8.99%
OM growth 5Y24.3%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.4%
GM growth 5Y19.52%
SSRM Yearly Profit, Operating, Gross MarginsSSRM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40

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3

2. Health

2.1 Basic Checks

SSRM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
SSRM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
SSRM Yearly Shares OutstandingSSRM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
SSRM Yearly Total Debt VS Total AssetsSSRM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.2 Solvency

SSRM has an Altman-Z score of 1.18. This is a bad value and indicates that SSRM is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.18, SSRM is not doing good in the industry: 72.03% of the companies in the same industry are doing better.
SSRM has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
SSRM has a Debt to Equity ratio of 0.10. This is comparable to the rest of the industry: SSRM outperforms 58.74% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Altman-Z 1.18
ROIC/WACC0.42
WACC10.45%
SSRM Yearly LT Debt VS Equity VS FCFSSRM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B 2B 3B

2.3 Liquidity

SSRM has a Current Ratio of 3.91. This indicates that SSRM is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.91, SSRM is in the better half of the industry, outperforming 75.52% of the companies in the same industry.
A Quick Ratio of 1.97 indicates that SSRM should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.97, SSRM is in the better half of the industry, outperforming 62.94% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.91
Quick Ratio 1.97
SSRM Yearly Current Assets VS Current LiabilitesSSRM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

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4

3. Growth

3.1 Past

The earnings per share for SSRM have decreased strongly by -78.46% in the last year.
Measured over the past years, SSRM shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -19.34% on average per year.
EPS 1Y (TTM)-78.46%
EPS 3Y-45.92%
EPS 5Y-19.34%
EPS Q2Q%-83.05%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-24.12%

3.2 Future

The Earnings Per Share is expected to grow by 22.93% on average over the next years. This is a very strong growth
Based on estimates for the next years, SSRM will show a very strong growth in Revenue. The Revenue will grow by 23.06% on average per year.
EPS Next Y290.31%
EPS Next 2Y156.07%
EPS Next 3Y22.93%
EPS Next 5YN/A
Revenue Next Year27.47%
Revenue Next 2Y23.06%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
SSRM Yearly Revenue VS EstimatesSSRM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B
SSRM Yearly EPS VS EstimatesSSRM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 -0.5 1 1.5

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5

4. Valuation

4.1 Price/Earnings Ratio

SSRM is valuated quite expensively with a Price/Earnings ratio of 36.54.
SSRM's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 29.63. SSRM is valued slightly more expensive when compared to this.
Based on the Price/Forward Earnings ratio of 9.36, the valuation of SSRM can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SSRM indicates a rather cheap valuation: SSRM is cheaper than 81.82% of the companies listed in the same industry.
SSRM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.68.
Industry RankSector Rank
PE 36.54
Fwd PE 9.36
SSRM Price Earnings VS Forward Price EarningsSSRM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

88.11% of the companies in the same industry are more expensive than SSRM, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 5.01
SSRM Per share dataSSRM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

SSRM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as SSRM's earnings are expected to grow with 22.93% in the coming years.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y156.07%
EPS Next 3Y22.93%

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3

5. Dividend

5.1 Amount

SSRM has a Yearly Dividend Yield of 2.47%.
Compared to an average industry Dividend Yield of 3.16, SSRM pays a better dividend. On top of this SSRM pays more dividend than 82.52% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, SSRM has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.47%

5.2 History

SSRM has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
SSRM Yearly Dividends per shareSSRM Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 0.1 0.2 0.3

5.3 Sustainability

SSRM has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-2.99%
EPS Next 2Y156.07%
EPS Next 3Y22.93%
SSRM Yearly Income VS Free CF VS DividendSSRM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M 300M 400M

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SSR MINING INC

NASDAQ:SSRM (2/21/2025, 8:00:01 PM)

After market: 10.25 +0.02 (+0.2%)

10.23

-0.27 (-2.57%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-18 2025-02-18/amc
Earnings (Next)05-06 2025-05-06/amc
Inst Owners71.96%
Inst Owner Change-94.34%
Ins Owners1.26%
Ins Owner Change18%
Market Cap2.07B
Analysts73.33
Price Target7.96 (-22.19%)
Short Float %3.46%
Short Ratio2.48
Dividend
Industry RankSector Rank
Dividend Yield 2.47%
Yearly Dividend0.28
Dividend Growth(5Y)N/A
DP-2.99%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)8.58%
Min Revenue beat(2)-4.1%
Max Revenue beat(2)21.26%
Revenue beat(4)2
Avg Revenue beat(4)-3.42%
Min Revenue beat(4)-31.67%
Max Revenue beat(4)21.26%
Revenue beat(8)2
Avg Revenue beat(8)-5.62%
Revenue beat(12)5
Avg Revenue beat(12)-5.86%
Revenue beat(16)6
Avg Revenue beat(16)-5.01%
PT rev (1m)19.08%
PT rev (3m)27.87%
EPS NQ rev (1m)-12.04%
EPS NQ rev (3m)-12.04%
EPS NY rev (1m)-9.63%
EPS NY rev (3m)-26.28%
Revenue NQ rev (1m)-1.87%
Revenue NQ rev (3m)-1.87%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)2.78%
Valuation
Industry RankSector Rank
PE 36.54
Fwd PE 9.36
P/S 1.88
P/FCF N/A
P/OCF 13.96
P/B 0.67
P/tB 0.67
EV/EBITDA 5.01
EPS(TTM)0.28
EY2.74%
EPS(NY)1.09
Fwd EY10.68%
FCF(TTM)-0.08
FCFYN/A
OCF(TTM)0.73
OCFY7.16%
SpS5.43
BVpS15.32
TBVpS15.32
PEG (NY)0.13
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -9.42%
ROE -15.63%
ROCE 4.98%
ROIC 4.36%
ROICexc 4.71%
ROICexgc 4.71%
OM 22.19%
PM (TTM) N/A
GM 47.74%
FCFM N/A
ROA(3y)2.98%
ROA(5y)3.03%
ROE(3y)4.31%
ROE(5y)4.5%
ROIC(3y)5.87%
ROIC(5y)5.78%
ROICexc(3y)7.05%
ROICexc(5y)7.65%
ROICexgc(3y)7.11%
ROICexgc(5y)7.83%
ROCE(3y)6.71%
ROCE(5y)6.61%
ROICexcg growth 3Y-1.51%
ROICexcg growth 5Y14.99%
ROICexc growth 3Y-1.05%
ROICexc growth 5Y16.19%
OM growth 3Y-8.99%
OM growth 5Y24.3%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.4%
GM growth 5Y19.52%
F-Score4
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Debt/EBITDA 0.81
Cap/Depr 103.55%
Cap/Sales 14.91%
Interest Coverage 27.72
Cash Conversion 36.9%
Profit Quality N/A
Current Ratio 3.91
Quick Ratio 1.97
Altman-Z 1.18
F-Score4
WACC10.45%
ROIC/WACC0.42
Cap/Depr(3y)84.16%
Cap/Depr(5y)101.03%
Cap/Sales(3y)12.94%
Cap/Sales(5y)15.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-78.46%
EPS 3Y-45.92%
EPS 5Y-19.34%
EPS Q2Q%-83.05%
EPS Next Y290.31%
EPS Next 2Y156.07%
EPS Next 3Y22.93%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-24.12%
Revenue Next Year27.47%
Revenue Next 2Y23.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y12.57%
EBIT growth 3Y8.03%
EBIT growth 5Y58.69%
EBIT Next Year-16.78%
EBIT Next 3Y30.7%
EBIT Next 5YN/A
FCF growth 1Y-120.59%
FCF growth 3Y5.66%
FCF growth 5YN/A
OCF growth 1Y-34.8%
OCF growth 3Y11.15%
OCF growth 5Y47.8%