MeritValue

Aris Mining Corp

ARISdata completeness 100%4 fiscal years on file

Data notes: no data for concept 'interestExpense'

i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025
Revenue$400M1$447.7M2$510.6M3$927.7M3
Net income−$4.86M4$11.4M5$24.6M6$78.3M6
Operating cash flow$76.9M7$104.7M8$141.2M9$373M9
Capital expenditure$115M10$113.7M11$181.4M12$243.9M12
Free cash flow (derived)−$38.1M7−$9.02M8−$40.2M9$129.1M9
Total debt$378.4M13$377.8M14$516.2M15$519.5M15
Cash & equivalents$299.5M16$194.6M17$252.5M17$391.9M17
Diluted shares108.2M137.6M171.0M205.5M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
You’d own
0.0000049%
of the whole company
Your share of last year’s profit
$3.81
Your share of its debt
$25.27
Your share of free cash flow
$6.28
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
Earnings Power Value
$0.92
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$18M
  • growthAssumed0.0%
Graham Number
$8.06
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 40-F · period ending 2022-12-31 · accession 0001628280-24-009492 (RevenueFromContractsWithCustomers)
  2. 40-F · period ending 2023-12-31 · accession 0001628280-25-012451 (RevenueFromContractsWithCustomers)
  3. 40-F · period ending 2024-12-31 · accession 0001964504-26-000012 (RevenueFromContractsWithCustomers)
  4. 40-F · period ending 2022-12-31 · accession 0001628280-24-009492 (ProfitLossAttributableToOwnersOfParent)
  5. 40-F · period ending 2023-12-31 · accession 0001628280-25-012451 (ProfitLossAttributableToOwnersOfParent)
  6. 40-F · period ending 2024-12-31 · accession 0001964504-26-000012 (ProfitLossAttributableToOwnersOfParent)
  7. 40-F · period ending 2022-12-31 · accession 0001628280-24-009492 (CashFlowsFromUsedInOperatingActivities)
  8. 40-F · period ending 2023-12-31 · accession 0001628280-25-012451 (CashFlowsFromUsedInOperatingActivities)
  9. 40-F · period ending 2024-12-31 · accession 0001964504-26-000012 (CashFlowsFromUsedInOperatingActivities)
  10. 40-F · period ending 2022-12-31 · accession 0001628280-24-009492 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
  11. 40-F · period ending 2023-12-31 · accession 0001628280-25-012451 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
  12. 40-F · period ending 2024-12-31 · accession 0001964504-26-000012 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
  13. 40-F · period ending 2022-12-31 · accession 0001628280-24-009492 (Borrowings)
  14. 40-F · period ending 2023-12-31 · accession 0001628280-25-012451 (Borrowings)
  15. 40-F · period ending 2024-12-31 · accession 0001964504-26-000012 (Borrowings)
  16. 40-F · period ending 2022-12-31 · accession 0001628280-25-012451 (CashAndCashEquivalents)
  17. 40-F · period ending 2023-12-31 · accession 0001964504-26-000012 (CashAndCashEquivalents)