IAMGOLD Corporation (IAG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
IAMGOLD Corporation (IAG) stock price & volume — 10-year historical chart
IAMGOLD Corporation (IAG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
IAMGOLD Corporation (IAG) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 17, 2026 | $0.70vs $0.55+27.3% | $1.1Bvs $1.0B+3.6% |
| Q4 2025 | Nov 4, 2025 | $0.30vs $0.21+42.9% | $707Mvs $959M-26.3% |
| Q3 2025 | Aug 7, 2025 | $0.13vs $0.14-7.1% | $581Mvs $730M-20.4% |
| Q2 2025 | May 6, 2025 | $0.10vs $0.10+0.0% | $477Mvs $508M-6.1% |
IAMGOLD Corporation (IAG) competitors in Large and mid-tier gold producers — business model, growth, and fundamentals comparison
IAMGOLD Corporation (IAG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
IAMGOLD Corporation (IAG) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.09B | 1.11B | 1.07B | 1.24B | 875.5M | 958.8M | 987.1M | 1.63B | 2.9B |
| Revenue Growth % | 10.92% | 1.47% | -4.11% | 16.56% | -29.49% | 9.51% | 2.95% | 65.43% | 77.75% |
| Cost of Goods Sold | 942M | 974.1M | 995.7M | 991.4M | 813.3M | 810.9M | 863M | 1.08B | 1.71B |
| COGS % of Revenue | 86.04% | 87.68% | 93.47% | 79.84% | 92.9% | 84.57% | 87.43% | 66.33% | 58.78% |
| Gross Profit | 152.9M▲ 0% | 136.9M▼ 10.5% | 69.6M▼ 49.2% | 250.3M▲ 259.6% | 62.2M▼ 75.1% | 147.9M▲ 137.8% | 124.1M▼ 16.1% | 549.9M▲ 343.1% | 1.2B▲ 117.6% |
| Gross Margin % | 13.96% | 12.32% | 6.53% | 20.16% | 7.1% | 15.43% | 12.57% | 33.67% | 41.22% |
| Gross Profit Growth % | 49.61% | -10.46% | -49.16% | 259.63% | -75.15% | 137.78% | -16.09% | 343.11% | 117.58% |
| Operating Expenses | 78.7M | 94M | 407.7M | 104.9M | 166.8M | 106.6M | 124.4M | -394.1M | 67.16M |
| OpEx % of Revenue | 7.19% | 8.46% | 38.27% | 8.45% | 19.05% | 11.12% | 12.6% | -24.13% | 2.31% |
| Selling, General & Admin | 40.3M | 41.7M | 47.1M | 44.9M | 39.6M | 51.1M | 46.9M | 42.3M | 59.02M |
| SG&A % of Revenue | 3.68% | 3.75% | 4.42% | 3.62% | 4.52% | 5.33% | 4.75% | 2.59% | 2.03% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -18.3M | 52.3M | 360.6M | 60M | 127.2M | 55.5M | 77.5M | -436.4M | 8.14M |
| Operating Income | 580M▲ 0% | 34.1M▼ 94.1% | -338.1M▼ 1091.5% | 145.4M▲ 143.0% | -104.6M▼ 171.9% | 41.3M▲ 139.5% | -300K▼ 100.7% | 944M▲ 314766.7% | 1.13B▲ 19.6% |
| Operating Margin % | 52.97% | 3.07% | -31.74% | 11.71% | -11.95% | 4.31% | -0.03% | 57.81% | 38.91% |
| Operating Income Growth % | 1684.62% | -94.12% | -1091.5% | 143% | -171.94% | 139.48% | -100.73% | 314766.67% | 19.63% |
| EBITDA | 856.5M | 287.86M | -61.5M | 413.4M | 168.9M | 283.3M | 221.4M | 1.22B | 1.56B |
| EBITDA Margin % | 78.23% | 25.91% | -5.77% | 33.29% | 19.29% | 29.55% | 22.43% | 74.65% | 53.85% |
| EBITDA Growth % | 191.9% | -66.39% | -121.36% | 772.2% | -59.14% | 67.73% | -21.85% | 450.59% | 28.22% |
| D&A (Non-Cash Add-back) | 276.5M | 253.76M | 276.6M | 268M | 273.5M | 242M | 221.7M | 275M | 433.66M |
| EBIT | 615.2M | 22.97M | -320.2M | 107.9M | -54.5M | 31.6M | 93.7M | 974.6M | 1.13B |
| Net Interest Income | -621.58K | 4.5M | -1.13M | -5.26M | 3.7M | 8.5M | 27.8M | 17.2M | -100.53M |
| Interest Income | 9.74M | 13.3M | 12.89M | 9.37M | 3.7M | 8.5M | 27.8M | 17.2M | 8.24M |
| Interest Expense | 10.36M | 2.7M | 14.02M | 14.63M | 0 | 0 | 0 | 0 | 108.77M |
| Other Income/Expense | 26.5M | -19M | 9.8M | -46.6M | 50.1M | 400K | 128.5M | 33.2M | -142.55M |
| Pretax Income | 608.1M▲ 0% | 18.3M▼ 97.0% | -328.3M▼ 1894.0% | 98.8M▲ 130.1% | -54.5M▼ 155.2% | 41.7M▲ 176.5% | 128.2M▲ 207.4% | 977.2M▲ 662.2% | 986.78M▲ 1.0% |
| Pretax Margin % | 55.54% | 1.65% | -30.82% | 7.96% | -6.22% | 4.35% | 12.99% | 59.84% | 33.99% |
| Income Tax | 97.6M | 38M | 30.4M | 44.1M | 33.4M | 78.1M | 30.7M | 129.4M | 241.66M |
| Effective Tax Rate % | 16.05% | 207.65% | -9.26% | 44.64% | -61.28% | 187.29% | 23.95% | 13.24% | 24.49% |
| Net Income | 501.6M▲ 0% | -28.2M▼ 105.6% | -412.6M▼ 1363.1% | 42.6M▲ 110.3% | -254.4M▼ 697.2% | -70.1M▲ 72.4% | 94.3M▲ 234.5% | 819.6M▲ 769.1% | 676.03M▼ 17.5% |
| Net Margin % | 45.81% | -2.54% | -38.73% | 3.43% | -29.06% | -7.31% | 9.55% | 50.19% | 23.29% |
| Net Income Growth % | 853.61% | -105.62% | -1363.12% | 110.32% | -697.18% | 72.45% | 234.52% | 769.14% | -17.52% |
| Net Income (Continuing) | 510.5M | -22.9M | -358.7M | 54.7M | -87.9M | -36.4M | 97.5M | 847.8M | 745.12M |
| Discontinued Operations | 0 | 3.04M | -39.3M | 4.1M | -167.2M | -16.4M | 6.3M | 0 | 0 |
| Minority Interest | 55.2M | 60M | 72.7M | 87.3M | 77.2M | 76M | 58.1M | 64M | 54.4M |
| EPS (Diluted) | 1.07▲ 0% | -0.06▼ 105.7% | -0.77▼ 1172.7% | 0.09▲ 111.7% | -0.53▼ 688.9% | -0.15▲ 71.7% | 0.19▲ 226.7% | 1.50▲ 689.5% | 1.16▼ 22.7% |
| EPS Growth % | 791.67% | -105.65% | -1172.73% | 111.69% | -688.89% | 71.7% | 226.67% | 689.47% | -22.67% |
| EPS (Basic) | 1.08 | -0.06 | -0.77 | 0.09 | -0.53 | -0.15 | 0.19 | 1.52 | 1.18 |
| Diluted Shares Outstanding | 467.5M | 466.5M | 468M | 478M | 476.5M | 478.6M | 484.6M | 545.9M | 581.7M |
| Basic Shares Outstanding | 463M | 466.5M | 468M | 472.6M | 476.5M | 478.6M | 480.6M | 539.8M | 575.1M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
IAMGOLD Corporation (IAG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.16B | 1.09B | 1.26B | 1.4B | 949.81M | 1.52B | 753.7M | 668.3M | 902.06M |
| Cash & Short-Term Investments | 791.3M | 734.6M | 841.2M | 947.5M | 551.75M | 407.8M | 367.1M | 348.5M | 422.13M |
| Cash Only | 664.1M | 615.1M | 830.6M | 941.5M | 544.16M | 407.8M | 367.1M | 347.5M | 421.13M |
| Short-Term Investments | 127.2M | 119.5M | 10.6M | 6M | 7.59M | 0 | 0 | 1M | 998.18K |
| Accounts Receivable | 146M | 63.2M | 51.4M | 80.7M | 48.33M | 83M | 67.8M | 34.7M | 60.79M |
| Days Sales Outstanding | 48.67 | 20.76 | 17.61 | 23.72 | 20.15 | 31.6 | 25.07 | 7.76 | 7.64 |
| Inventory | 200M | 274.7M | 308.5M | 327.3M | 301.69M | 199.9M | 266.3M | 271.9M | 376.31M |
| Days Inventory Outstanding | 77.49 | 102.93 | 113.09 | 120.5 | 135.4 | 89.98 | 112.63 | 91.63 | 80.5 |
| Other Current Assets | 14.1M | 100K | 50.7M | 20.4M | 30.66M | 817.2M | 41.9M | 0 | 27.45M |
| Total Non-Current Assets | 2.81B | 2.87B | 2.6B | 2.85B | 3.27B | 2.9B | 3.78B | 4.71B | 5.43B |
| Property, Plant & Equipment | 2.41B | 2.52B | 2.29B | 2.37B | 2.63B | 2.69B | 3.53B | 4.37B | 4.16B |
| Fixed Asset Turnover | 0.45x | 0.44x | 0.46x | 0.52x | 0.33x | 0.36x | 0.28x | 0.37x | 0.70x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 5.6M | 12.78M | 0 | 0 | 0 | 0 |
| Long-Term Investments | 69M | 92.6M | 23.4M | 96.5M | 133.62M | 8.1M | 16.2M | 11.3M | 90.24M |
| Other Non-Current Assets | 322.1M | 264.7M | 281.5M | 285.6M | 241.07M | 203M | 238.6M | 329.4M | 694.33M |
| Total Assets | 3.97B▲ 0% | 3.96B▼ 0.1% | 3.86B▼ 2.5% | 4.24B▲ 9.9% | 4.22B▼ 0.7% | 4.43B▲ 5.0% | 4.54B▲ 2.5% | 5.37B▲ 18.4% | 6.34B▲ 17.9% |
| Asset Turnover | 0.28x | 0.28x | 0.28x | 0.29x | 0.21x | 0.22x | 0.22x | 0.30x | 0.46x |
| Asset Growth % | 16.66% | -0.15% | -2.5% | 9.91% | -0.7% | 4.98% | 2.55% | 18.43% | 17.89% |
| Total Current Liabilities | 231.1M | 227.2M | 266M | 334.8M | 580.91M | 646.2M | 630.8M | 550.6M | 516.16M |
| Accounts Payable | 196.2M | 196M | 211.9M | 244.7M | 303.99M | 294.1M | 317.6M | 264.8M | 328.5M |
| Days Payables Outstanding | 76.02 | 73.44 | 77.68 | 90.09 | 136.43 | 132.38 | 134.33 | 89.24 | 70.27 |
| Short-Term Debt | 0 | 0 | 4.6M | 25.9M | 28.86M | 8.7M | 5M | 1M | 33.24M |
| Deferred Revenue (Current) | 0 | -2.2M | 0 | 0 | 189.44M | 0 | 240.7M | 151.1M | 0 |
| Other Current Liabilities | 20M | 9M | 23.3M | 34.6M | 29.16M | 300.5M | 40.6M | 42.2M | 55M |
| Current Ratio | 5.02x | 4.78x | 4.75x | 4.17x | 1.64x | 2.35x | 1.19x | 1.21x | 1.75x |
| Quick Ratio | 4.16x | 3.57x | 3.59x | 3.19x | 1.12x | 2.04x | 0.77x | 0.72x | 1.02x |
| Cash Conversion Cycle | 50.14 | 50.25 | 53.02 | 54.13 | 19.12 | -10.8 | 3.37 | 10.15 | 17.87 |
| Total Non-Current Liabilities | 889M | 941.2M | 1.18B | 1.36B | 1.32B | 1.57B | 1.64B | 1.42B | 1.58B |
| Long-Term Debt | 391.6M | 398.5M | 403.9M | 458.7M | 456.28M | 910M | 825.8M | 1.03B | 727.17M |
| Capital Lease Obligations | -299M | 7.1M | 45.4M | 48.8M | 44.14M | 68.7M | 100.2M | 95.4M | 79.55M |
| Deferred Tax Liabilities | 198.2M | 188.2M | 180.6M | 259.4M | 310.08M | 22.6M | 700K | 14M | 546.5M |
| Other Non-Current Liabilities | 200K | 535.6M | 376.9M | 417.9M | 509.81M | 330M | 705.4M | 285.8M | 228.28M |
| Total Liabilities | 1.12B | 1.17B | 1.44B | 1.7B | 1.9B | 2.22B | 2.27B | 1.97B | 2.1B |
| Total Debt | 391.6M | 398.5M | 467.3M | 533.4M | 529.28M | 992.5M | 952.1M | 1.15B | 839.97M |
| Net Debt | -272.5M | -216.6M | -363.3M | -408.1M | -14.88M | 584.7M | 585M | 805.6M | 418.84M |
| Debt / Equity | 0.14x | 0.14x | 0.19x | 0.21x | 0.23x | 0.45x | 0.42x | 0.34x | 0.20x |
| Debt / EBITDA | 0.46x | 1.38x | - | 1.29x | 3.13x | 3.50x | 4.30x | 0.95x | 0.54x |
| Net Debt / EBITDA | -0.32x | -0.75x | - | -0.99x | -0.09x | 2.06x | 2.64x | 0.66x | 0.27x |
| Interest Coverage | 59.38x | 8.51x | -22.84x | 7.37x | - | - | - | - | 10.38x |
| Total Equity | 2.85B▲ 0% | 2.79B▼ 1.9% | 2.42B▼ 13.4% | 2.55B▲ 5.2% | 2.31B▼ 9.1% | 2.21B▼ 4.6% | 2.26B▲ 2.6% | 3.4B▲ 50.2% | 4.24B▲ 24.6% |
| Equity Growth % | 25.35% | -1.9% | -13.39% | 5.24% | -9.1% | -4.63% | 2.6% | 50.2% | 24.63% |
| Book Value per Share | 6.09 | 5.99 | 5.17 | 5.33 | 4.86 | 4.61 | 4.67 | 6.23 | 7.29 |
| Total Shareholders' Equity | 2.79B | 2.73B | 2.35B | 2.46B | 2.24B | 2.13B | 2.21B | 3.34B | 4.18B |
| Common Stock | 2.68B | 2.68B | 2.69B | 2.71B | 2.72B | 2.73B | 2.73B | 3.07B | 3.38B |
| Retained Earnings | 91.3M | 63.1M | -350.2M | -307.9M | -561.44M | -632.4M | -538.3M | 259.4M | 871.01M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -20.5M | -58.8M | -44.5M | -5.3M | 23.77M | -21.3M | -47M | -50.9M | -37.53M |
| Minority Interest | 55.2M | 60M | 72.7M | 87.3M | 77.2M | 76M | 58.1M | 64M | 54.4M |
IAMGOLD Corporation (IAG) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 295.3M | 191.1M | 363M | 347.6M | 285M | 364.27M | 119.55M | 392.69M | 1.07B |
| Operating CF Margin % | 26.97% | 17.2% | 34.07% | 27.99% | 32.55% | 37.99% | 12.11% | 24.05% | 36.86% |
| Operating CF Growth % | -6.08% | -35.29% | 89.95% | -4.24% | -18.01% | 27.81% | -67.18% | 228.47% | 172.48% |
| Net Income | 510.5M | -19.7M | -412.6M | 42.6M | -87.9M | -53.3M | 90.33M | 780.25M | 676.03M |
| Depreciation & Amortization | 266M | 266.2M | 494.4M | 222.2M | 273.5M | 234.43M | 226.48M | 267.22M | 433.66M |
| Stock-Based Compensation | 5.9M | 8.4M | 9.2M | 11.7M | 6.7M | 0 | 0 | 0 | 0 |
| Deferred Taxes | 97.6M | 38M | 0 | 0 | 33.4M | 480.19K | -21.59M | 12.38M | 39.28M |
| Other Non-Cash Items | 10M | 20.2M | 281.9M | 98.9M | 57.5M | 221.66M | -160.49M | -558.24M | -16.08M |
| Working Capital Changes | 1.3M | -97.3M | -9.9M | -27.8M | 1.8M | -38.99M | -15.17M | -108.91M | -62.88M |
| Change in Receivables | -1.8M | -11.48M | 12.3M | -24.4M | 16.7M | -35.44M | 18.33M | -43.41M | -12.11M |
| Change in Inventory | -21.3M | -87.8M | -22.2M | -3.4M | -23.1M | -31.31M | -78M | -48.93M | -107.75M |
| Change in Payables | 25.28M | 2.18M | 0 | 0 | 0 | 27.75M | 44.5M | -16.56M | 56.98M |
| Cash from Investing | -177.4M | -224.9M | -149.8M | -246.2M | -630.7M | -828.33M | -366.91M | -497.6M | -358.06M |
| Capital Expenditures | -239.5M | -336M | -276.2M | -317.6M | -12.2M | -715.1M | -923.94M | -532.73M | -306.88M |
| CapEx % of Revenue | 21.87% | 30.24% | 25.93% | 25.58% | 1.39% | 74.58% | 93.6% | 32.62% | 10.57% |
| Acquisitions | 89.1M | 92.1M | 0 | 0 | 100K | 0 | 597.56M | 33.8M | -31.34M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 327M | 19M | 126.4M | 71.4M | -618.4M | -123.12M | -8.55M | -571.19K | -37.55M |
| Cash from Financing | -117.2M | -10.5M | 800K | 800K | -41.2M | 387.99M | 205.4M | 92.44M | -656.09M |
| Debt Issued (Net) | -121.21M | -1.2M | 14.2M | 10.5M | -12.4M | 435.63M | -86.76M | 204.58M | -444.96M |
| Equity Issued (Net) | 15.1M | 0 | 0 | 0 | 0 | 960.38K | 407.33K | 248.37M | -36.02M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31.13M | -50.88M |
| Other Financing | -11.09M | -9.3M | -13.4M | -9.7M | -28.8M | -48.6M | 291.75M | -360.52M | -175.11M |
| Net Change in Cash | 12.1M▲ 0% | -49M▼ 505.0% | 215.5M▲ 539.8% | 110.9M▼ 48.5% | -396.6M▼ 457.6% | -136.55M▲ 65.6% | -42.39M▲ 69.0% | -17.93M▲ 57.7% | 73.84M▲ 511.9% |
| Free Cash Flow | 55.8M▲ 0% | -144.9M▼ 359.7% | 86.8M▲ 159.9% | 30M▼ 65.4% | -254.3M▼ 947.7% | -349M▼ 37.2% | -804.39M▼ 130.5% | -139.09M▲ 82.7% | 771.37M▲ 654.6% |
| FCF Margin % | 5.1% | -13.04% | 8.15% | 2.42% | -29.05% | -36.4% | -81.49% | -8.52% | 26.57% |
| FCF Growth % | 313.33% | -359.68% | 159.9% | -65.44% | -947.67% | -37.24% | -130.48% | 82.71% | 654.6% |
| FCF per Share | 0.12 | -0.31 | 0.19 | 0.06 | -0.53 | -0.73 | -1.66 | -0.25 | 1.33 |
| FCF Conversion (FCF/Net Income) | 0.59x | -6.78x | -0.88x | 8.16x | -1.12x | -5.20x | 1.27x | 0.48x | 1.58x |
| Interest Paid | 0 | 0 | 7.5M | 6.9M | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
IAMGOLD Corporation (IAG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 2.5% | 19.6% | -1% | -15.83% | 1.72% | -10.47% | -3.1% | 4.22% | 28.94% | 17.7% |
| Return on Invested Capital (ROIC) | 1.14% | 18.6% | 0.99% | -10.95% | 5.2% | -3.54% | 1.22% | -0.01% | 20.07% | 19.11% |
| Gross Margin | 10.35% | 13.96% | 12.32% | 6.53% | 20.16% | 7.1% | 15.43% | 12.57% | 33.67% | 41.22% |
| Net Margin | 5.33% | 45.81% | -2.54% | -38.73% | 3.43% | -29.06% | -7.31% | 9.55% | 50.19% | 23.29% |
| Debt / Equity | 0.21x | 0.14x | 0.14x | 0.19x | 0.21x | 0.23x | 0.45x | 0.42x | 0.34x | 0.20x |
| Interest Coverage | 4.86x | 59.38x | 8.51x | -22.84x | 7.37x | - | - | - | - | 10.38x |
| FCF Conversion | 5.98x | 0.59x | -6.78x | -0.88x | 8.16x | -1.12x | -5.20x | 1.27x | 0.48x | 1.58x |
| Revenue Growth | 7.64% | 10.92% | 1.47% | -4.11% | 16.56% | -29.49% | 9.51% | 2.95% | 65.43% | 77.75% |
IAMGOLD Corporation (IAG) stock FAQ — growth, dividends, profitability & financials explained
IAMGOLD Corporation (IAG) reported $2.87B in revenue for fiscal year 2025. This represents a 3932588% increase from $0.1M in 1996.
IAMGOLD Corporation (IAG) grew revenue by 77.8% over the past year. This is strong growth.
Yes, IAMGOLD Corporation (IAG) is profitable, generating $670.6M in net income for fiscal year 2025 (23.3% net margin).
IAMGOLD Corporation (IAG) has a return on equity (ROE) of 17.7%. This is reasonable for most industries.
IAMGOLD Corporation (IAG) generated $825.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
IAMGOLD Corporation (IAG) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates