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SSR Mining Inc

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SSR Mining Inc AI Insights

Informational only. Not investment advice.
As of 2025-12-19

Snapshot

  • Operating margin TTM 20.7% vs industry median 0% - profitable while peers lose money. ROE 6.8% vs median -4.2%.[Operating Margin TTM]
  • FCF TTM 192M (13% margin) vs industry median -1M. Debt/equity 0.11 with 409M cash covers 367M total debt.[Free Cash Flow TTM]
  • EPS growth 1Y 428% but 3Y CAGR -0.8% and 5Y CAGR 7.3% - recent spike may not be sustainable.[EPS Growth 1Y]

Watch Triggers

  • Normalized EBITDA: Convergence toward reported EBITDA (currently 111M vs 412M)301M gap signals one-time items; sustainable earnings unclear
  • Operating Margin TTM: Decline below 15%Would erode key competitive advantage vs unprofitable peers
  • Free Cash Flow TTM: Turns negativeFCF positive is rare in sector; loss would remove key differentiator

Bull Case

Profitable gold miner in unprofitable industry: 20.7% operating margin vs 0% median, 15.4% net margin vs 0% median. Rare positive FCF generator.

Operating Margin TTMNet Margin TTMFree Cash Flow TTM

Balance sheet fortress: 0.11 debt/equity, 409M cash exceeds total debt 368M, P/B 1.5x on tangible book of 3.3B.

Debt to EquityCash and EquivalentsP/B Ratio

Bear Case

P/E 20.6x near industry median 27.7x but normalized EBITDA only 111M vs reported 412M - earnings quality questionable.

P/E RatioNormalized EBITDA

Capex intensity 203M TTM (14% of revenue) vs 60M purchase of PPE suggests major capital deployment with uncertain returns.

Capital Expenditure TTMPurchase of PPE

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

BearBull
55%

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Forward Thesis

Margin sustainability at risk as 428% EPS spike reverses toward historical 7% growth trend

1-3ymed
  • 3Y EPS CAGR negative (-0.8%) despite recent spike
  • Capex 203M TTM vs industry median 69M - elevated spending
  • Working capital consumed 75M TTM
EPS 5Y CAGR only 7.3%Normalized EBITDA 111M vs reported 412MChange in working capital -75M TTM

Valuation Context

Caveats

Data Partners
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Fundamental company data provided by Morningstar, updated daily.

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