Intrinsic value of Tahoe Resources Inc. - THO

Previous Close

$11.61

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$11.61

 
Intrinsic value

$2.64

 
Up/down potential

-77%

 
Rating

str. sell

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of THO stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 3.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  51.00
  22.50
  20.75
  19.18
  17.76
  16.48
  15.33
  14.30
  13.37
  12.53
  11.78
  11.10
  10.49
  9.94
  9.45
  9.00
  8.60
  8.24
  7.92
  7.63
  7.36
  7.13
  6.91
  6.72
  6.55
  6.40
  6.26
  6.13
  6.02
  5.92
  5.82
Revenue, $m
  1,060
  1,299
  1,568
  1,869
  2,200
  2,563
  2,956
  3,379
  3,831
  4,311
  4,818
  5,353
  5,915
  6,503
  7,118
  7,758
  8,426
  9,120
  9,843
  10,593
  11,373
  12,184
  13,026
  13,902
  14,813
  15,760
  16,746
  17,773
  18,843
  19,957
  21,120
Variable operating expenses, $m
 
  1,495
  1,802
  2,145
  2,523
  2,936
  3,384
  3,866
  4,381
  4,928
  5,507
  6,102
  6,742
  7,412
  8,112
  8,843
  9,603
  10,395
  11,218
  12,074
  12,963
  13,887
  14,847
  15,845
  16,883
  17,963
  19,087
  20,257
  21,476
  22,747
  24,071
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  776
  1,495
  1,802
  2,145
  2,523
  2,936
  3,384
  3,866
  4,381
  4,928
  5,507
  6,102
  6,742
  7,412
  8,112
  8,843
  9,603
  10,395
  11,218
  12,074
  12,963
  13,887
  14,847
  15,845
  16,883
  17,963
  19,087
  20,257
  21,476
  22,747
  24,071
Operating income, $m
  284
  -197
  -234
  -276
  -323
  -373
  -428
  -487
  -550
  -618
  -688
  -748
  -827
  -909
  -995
  -1,084
  -1,178
  -1,275
  -1,376
  -1,480
  -1,589
  -1,703
  -1,821
  -1,943
  -2,070
  -2,203
  -2,340
  -2,484
  -2,633
  -2,789
  -2,952
EBITDA, $m
  457
  22
  27
  32
  38
  44
  50
  58
  65
  73
  82
  91
  101
  111
  121
  132
  144
  155
  168
  181
  194
  208
  222
  237
  253
  269
  285
  303
  321
  340
  360
Interest expense (income), $m
  4
  3
  12
  22
  33
  46
  59
  73
  89
  106
  123
  142
  162
  183
  204
  227
  251
  275
  301
  328
  355
  384
  414
  445
  478
  511
  546
  583
  621
  660
  701
Earnings before tax, $m
  282
  -200
  -246
  -298
  -356
  -419
  -487
  -561
  -639
  -723
  -812
  -890
  -989
  -1,092
  -1,199
  -1,311
  -1,428
  -1,550
  -1,677
  -1,808
  -1,945
  -2,087
  -2,235
  -2,388
  -2,548
  -2,714
  -2,887
  -3,067
  -3,254
  -3,449
  -3,653
Tax expense, $m
  123
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  159
  -200
  -246
  -298
  -356
  -419
  -487
  -561
  -639
  -723
  -812
  -890
  -989
  -1,092
  -1,199
  -1,311
  -1,428
  -1,550
  -1,677
  -1,808
  -1,945
  -2,087
  -2,235
  -2,388
  -2,548
  -2,714
  -2,887
  -3,067
  -3,254
  -3,449
  -3,653

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  221
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,150
  4,809
  5,807
  6,921
  8,150
  9,493
  10,948
  12,514
  14,187
  15,965
  17,846
  19,827
  21,908
  24,086
  26,361
  28,735
  31,207
  33,779
  36,454
  39,234
  42,123
  45,126
  48,246
  51,490
  54,863
  58,372
  62,024
  65,827
  69,788
  73,916
  78,221
Adjusted assets (=assets-cash), $m
  3,929
  4,809
  5,807
  6,921
  8,150
  9,493
  10,948
  12,514
  14,187
  15,965
  17,846
  19,827
  21,908
  24,086
  26,361
  28,735
  31,207
  33,779
  36,454
  39,234
  42,123
  45,126
  48,246
  51,490
  54,863
  58,372
  62,024
  65,827
  69,788
  73,916
  78,221
Revenue / Adjusted assets
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
Average production assets, $m
  2,859
  3,502
  4,229
  5,040
  5,934
  6,913
  7,973
  9,113
  10,331
  11,626
  12,995
  14,438
  15,953
  17,539
  19,196
  20,924
  22,725
  24,598
  26,545
  28,570
  30,674
  32,860
  35,132
  37,494
  39,951
  42,506
  45,165
  47,934
  50,819
  53,825
  56,960
Working capital, $m
  283
  91
  110
  131
  154
  179
  207
  237
  268
  302
  337
  375
  414
  455
  498
  543
  590
  638
  689
  742
  796
  853
  912
  973
  1,037
  1,103
  1,172
  1,244
  1,319
  1,397
  1,478
Total debt, $m
  69
  207
  375
  564
  771
  998
  1,244
  1,509
  1,792
  2,092
  2,410
  2,745
  3,096
  3,464
  3,849
  4,250
  4,668
  5,103
  5,555
  6,025
  6,513
  7,020
  7,548
  8,096
  8,666
  9,259
  9,876
  10,519
  11,188
  11,886
  12,613
Total liabilities, $m
  674
  813
  981
  1,170
  1,377
  1,604
  1,850
  2,115
  2,398
  2,698
  3,016
  3,351
  3,702
  4,070
  4,455
  4,856
  5,274
  5,709
  6,161
  6,631
  7,119
  7,626
  8,154
  8,702
  9,272
  9,865
  10,482
  11,125
  11,794
  12,492
  13,219
Total equity, $m
  3,475
  3,996
  4,826
  5,751
  6,772
  7,889
  9,098
  10,399
  11,790
  13,267
  14,830
  16,477
  18,205
  20,015
  21,906
  23,879
  25,933
  28,071
  30,293
  32,604
  35,005
  37,500
  40,093
  42,788
  45,591
  48,507
  51,542
  54,702
  57,994
  61,424
  65,002
Total liabilities and equity, $m
  4,149
  4,809
  5,807
  6,921
  8,149
  9,493
  10,948
  12,514
  14,188
  15,965
  17,846
  19,828
  21,907
  24,085
  26,361
  28,735
  31,207
  33,780
  36,454
  39,235
  42,124
  45,126
  48,247
  51,490
  54,863
  58,372
  62,024
  65,827
  69,788
  73,916
  78,221
Debt-to-equity ratio
  0.020
  0.050
  0.080
  0.100
  0.110
  0.130
  0.140
  0.150
  0.150
  0.160
  0.160
  0.170
  0.170
  0.170
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.190
  0.190
  0.190
  0.190
  0.190
  0.190
  0.190
  0.190
  0.190
  0.190
  0.190
Adjusted equity ratio
  0.828
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  159
  -200
  -246
  -298
  -356
  -419
  -487
  -561
  -639
  -723
  -812
  -890
  -989
  -1,092
  -1,199
  -1,311
  -1,428
  -1,550
  -1,677
  -1,808
  -1,945
  -2,087
  -2,235
  -2,388
  -2,548
  -2,714
  -2,887
  -3,067
  -3,254
  -3,449
  -3,653
Depreciation, amort., depletion, $m
  173
  219
  261
  308
  360
  417
  479
  545
  616
  691
  771
  839
  927
  1,020
  1,116
  1,217
  1,321
  1,430
  1,543
  1,661
  1,783
  1,910
  2,043
  2,180
  2,323
  2,471
  2,626
  2,787
  2,955
  3,129
  3,312
Funds from operations, $m
  153
  19
  15
  10
  4
  -2
  -9
  -16
  -24
  -32
  -41
  -51
  -61
  -72
  -83
  -95
  -107
  -120
  -133
  -147
  -162
  -177
  -192
  -208
  -225
  -243
  -261
  -280
  -299
  -320
  -341
Change in working capital, $m
  -184
  17
  19
  21
  23
  25
  28
  30
  32
  34
  36
  37
  39
  41
  43
  45
  47
  49
  51
  53
  55
  57
  59
  61
  64
  66
  69
  72
  75
  78
  81
Cash from operations, $m
  337
  598
  -4
  -11
  -19
  -27
  -36
  -45
  -55
  -66
  -77
  -88
  -100
  -113
  -126
  -140
  -154
  -169
  -184
  -200
  -216
  -233
  -251
  -270
  -289
  -309
  -330
  -352
  -374
  -398
  -423
Maintenance CAPEX, $m
  0
  -166
  -204
  -246
  -293
  -345
  -402
  -464
  -530
  -601
  -676
  -756
  -839
  -927
  -1,020
  -1,116
  -1,217
  -1,321
  -1,430
  -1,543
  -1,661
  -1,783
  -1,910
  -2,043
  -2,180
  -2,323
  -2,471
  -2,626
  -2,787
  -2,955
  -3,129
New CAPEX, $m
  -258
  -644
  -727
  -811
  -895
  -978
  -1,060
  -1,140
  -1,218
  -1,295
  -1,370
  -1,443
  -1,515
  -1,586
  -1,657
  -1,728
  -1,800
  -1,873
  -1,948
  -2,025
  -2,104
  -2,186
  -2,272
  -2,362
  -2,456
  -2,555
  -2,659
  -2,769
  -2,885
  -3,006
  -3,135
Cash from investing activities, $m
  -163
  -810
  -931
  -1,057
  -1,188
  -1,323
  -1,462
  -1,604
  -1,748
  -1,896
  -2,046
  -2,199
  -2,354
  -2,513
  -2,677
  -2,844
  -3,017
  -3,194
  -3,378
  -3,568
  -3,765
  -3,969
  -4,182
  -4,405
  -4,636
  -4,878
  -5,130
  -5,395
  -5,672
  -5,961
  -6,264
Free cash flow, $m
  174
  -212
  -935
  -1,068
  -1,207
  -1,350
  -1,498
  -1,649
  -1,804
  -1,961
  -2,122
  -2,287
  -2,455
  -2,627
  -2,803
  -2,984
  -3,171
  -3,363
  -3,562
  -3,768
  -3,981
  -4,203
  -4,434
  -4,674
  -4,925
  -5,187
  -5,460
  -5,746
  -6,046
  -6,359
  -6,687
Issuance/(repayment) of debt, $m
  -30
  150
  169
  188
  208
  227
  246
  265
  283
  301
  318
  335
  352
  368
  385
  401
  418
  435
  452
  470
  488
  507
  527
  548
  570
  593
  617
  643
  669
  698
  728
Issuance/(repurchase) of shares, $m
  27
  584
  1,595
  1,805
  2,020
  2,240
  2,461
  2,685
  2,911
  3,138
  3,367
  3,598
  3,832
  4,069
  4,309
  4,555
  4,807
  5,066
  5,332
  5,608
  5,894
  6,191
  6,499
  6,822
  7,158
  7,510
  7,878
  8,264
  8,668
  9,092
  9,537
Cash from financing (excl. dividends), $m  
  -8
  734
  1,764
  1,993
  2,228
  2,467
  2,707
  2,950
  3,194
  3,439
  3,685
  3,933
  4,184
  4,437
  4,694
  4,956
  5,225
  5,501
  5,784
  6,078
  6,382
  6,698
  7,026
  7,370
  7,728
  8,103
  8,495
  8,907
  9,337
  9,790
  10,265
Total cash flow (excl. dividends), $m
  165
  -62
  -766
  -880
  -999
  -1,123
  -1,252
  -1,384
  -1,521
  -1,661
  -1,804
  -1,952
  -2,103
  -2,258
  -2,418
  -2,583
  -2,753
  -2,928
  -3,110
  -3,298
  -3,493
  -3,696
  -3,906
  -4,126
  -4,355
  -4,594
  -4,843
  -5,104
  -5,376
  -5,661
  -5,959
Retained Cash Flow (-), $m
  -1,227
  -730
  -829
  -925
  -1,021
  -1,116
  -1,210
  -1,301
  -1,390
  -1,478
  -1,563
  -1,646
  -1,729
  -1,810
  -1,891
  -1,972
  -2,054
  -2,138
  -2,223
  -2,310
  -2,401
  -2,495
  -2,593
  -2,696
  -2,803
  -2,916
  -3,035
  -3,160
  -3,292
  -3,431
  -3,578
Prev. year cash balance distribution, $m
 
  209
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  85.5
  61.9
  45.7
  34.2
  26.1
  20.1
  15.7
  12.4
  9.9
  8.0
  6.5
  5.3
  4.4
  3.6
  3.0
  2.5
  2.1
  1.8
  1.5
  1.3
  1.1
  1.0
  0.8
  0.7
  0.6
  0.5
  0.5
  0.4
  0.4
  0.3

Tahoe Resources Inc., together with its subsidiaries, explores, develops, and operates mines in the Americas. The company primarily produces copper, gold, silver, lead/zinc, and natural gas and petroleum. It holds interest in the Escobal mine property comprising 29.1 million tons of proven and probable mineral reserves located in southeast Guatemala; La Arena mine property, which consist of 80.3 million tons of proven and probable mineral reserves located in northern PerĂº; and Shahuindo mine comprising 111.9 million tons of proven and probable mineral reserves located in northern PerĂº. The company was formerly known as CKM Resources Inc. and changed its name to Tahoe Resources Inc. in January 2010. Tahoe Resources Inc. was incorporated in 2009 and is headquartered in Reno, Nevada.

FINANCIAL RATIOS  of  Tahoe Resources Inc. (THO)

Valuation Ratios
P/E Ratio 22.7
Price to Sales 3.4
Price to Book 1
Price to Tangible Book
Price to Cash Flow 10.7
Price to Free Cash Flow 45.8
Growth Rates
Sales Growth Rate 51%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 56.4%
Cap. Spend. - 3 Yr. Gr. Rate 5.7%
Financial Strength
Quick Ratio 18
Current Ratio 0
LT Debt to Equity 1.6%
Total Debt to Equity 2%
Interest Coverage 72
Management Effectiveness
Return On Assets 4.7%
Ret/ On Assets - 3 Yr. Avg. 3.4%
Return On Total Capital 5.4%
Ret/ On T. Cap. - 3 Yr. Avg. 3.5%
Return On Equity 5.6%
Return On Equity - 3 Yr. Avg. 3.6%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 38.8%
Gross Margin - 3 Yr. Avg. 40%
EBITDA Margin 43.3%
EBITDA Margin - 3 Yr. Avg. 30%
Operating Margin 26.8%
Oper. Margin - 3 Yr. Avg. 15.5%
Pre-Tax Margin 26.6%
Pre-Tax Margin - 3 Yr. Avg. 14.2%
Net Profit Margin 15%
Net Profit Margin - 3 Yr. Avg. 9.1%
Effective Tax Rate 43.6%
Eff/ Tax Rate - 3 Yr. Avg. 27.8%
Payout Ratio 57.2%

THO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the THO stock intrinsic value calculation we used $1060 million for the last fiscal year's total revenue generated by Tahoe Resources Inc.. The default revenue input number comes from 2016 income statement of Tahoe Resources Inc.. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our THO stock valuation model: a) initial revenue growth rate of 22.5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for THO is calculated based on our internal credit rating of Tahoe Resources Inc., is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Tahoe Resources Inc..
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of THO stock the variable cost ratio is equal to 115.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for THO stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.9% for Tahoe Resources Inc..

Corporate tax rate of 27% is the nominal tax rate for Tahoe Resources Inc.. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the THO stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for THO are equal to 269.7%.

Life of production assets of 17.2 years is the average useful life of capital assets used in Tahoe Resources Inc. operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for THO is equal to 7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $3475 million for Tahoe Resources Inc. - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 314.711 million for Tahoe Resources Inc. is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Tahoe Resources Inc. at the current share price and the inputted number of shares is $3.7 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
FR First Majestic 11.83 1.22  str.sell
G Goldcorp Inc. 20.42 5.19  str.sell
IMG IAMGOLD Corpor 5.84 1.54  str.sell
Stock chart of THO Financial statements of THO
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.