# Alamos Gold Inc. (AGI) — Stock CV

Alamos Gold Inc. is a $13.8B materials company. Revenue grew 34.3% over the last year, it keeps 49¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 11.5× earnings.

> Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating segments being Young-Davidson, Island Gold District's operation operates in Canada, and the Mulatos mine operates in Sonora, Mexico.

## Identity

- **Ticker**: AGI
- **Sector**: Basic Materials
- **Industry**: Gold
- **Employees**: 2 402
- **Website**: https://www.alamosgold.com
- **Market cap**: $13.8B
- **Last price**: $32.90
- **Financial profile**: Strong

## Vitals (FY2025)

- **Revenue**: $1.81B
- **Net income**: $886M
- **Free cash flow**: $320M
- **Net cash**: $460M
- **P/E**: 11.5
- **Revenue growth (YoY)**: 34.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 67 |
| Growth | 25 |
| Profitability | 95 |
| Health | 93 |
| Quality | 65 |
| Moat | 43 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +34.3% YoY
- [x] Profitable — $886M FY2025
- [x] Profit growing — +181.4% YoY
- [x] Generates cash — $320M FY2025
- [x] Debt under control — more cash than debt
- [x] Established company — $13.8B market cap
- [x] Not printing shares — +6.3% shares over ~5y
- [ ] Proven track record — 4/5 profitable years
- [x] Financially stable — Altman Z 5.3 — safe
- [x] Pays a dividend — yield 0.39%
- [x] Valuation not extreme — P/E 11.5

## Experience (career milestones)

- **FY2025** — Best year on record: $886M net income
- **FY2023** — Revenue crossed $1B: $1.02B for the year
- **FY2022** — Turned profitable: $37.1M net income after a loss year
- **2022** — Alamos announced a company-wide target of a 30% reduction in GHG emissions by 2030
- **2022** — Alamos Gold was the recipient of the inaugural Reconciliation Award from the Manitoba Prospector &…
- **2017** — Alamos acquired Richmont Mines Inc. in a deal valued at US$770 million acquiring its asset, the Island Gold…
- **Jan 7, 2016** — Alamos completed the acquisition of Carlisle Goldfields Limited and its 100% ownership of the…
- **2015** — Alamos merged with AuRico Gold in a transaction structured as a merger of equals with a transaction equity…
- **2010** — Alamos acquired the Ağı Dağı and Kirazlı advanced-stage development projects from Teck Resources and…
- **2003** — Alamos Gold was formed in 2003 through the merger of Alamos Minerals and National Gold, resulting in the acquisition…

## Strengths

- High gross margin (61.8%)
- Strongly profitable — 49.0% net margin
- Revenue growing 34.3% year over year
- Strong cash conversion — FCF is 17.7% of revenue
- Net cash position after subtracting debt from cash

## Watch-outs

- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $824M | -$66.7M | -$15.2M |
| FY2022 | $821M | $37.1M | $124M |
| FY2023 | $1.02B | $210M | $236M |
| FY2024 | $1.35B | $284M | $269M |
| FY2025 | $1.81B | $886M | $320M |

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Source: https://stockcv.com/AGI — derived from company filings; may be delayed or incomplete. Information, not investment advice.