4.62 USD
+0.15 (+3.36%)
4.65 USD
+0.03 (+0.65%)
Overall BTG gets a fundamental rating of 6 out of 10. We evaluated BTG against 154 industry peers in the Metals & Mining industry. While BTG has a great profitability rating, there are quite some concerns on its financial health. BTG is growing strongly while it also seems undervalued. This is an interesting combination
1. Profitability
1.1 Basic Checks
In the past year BTG was profitable.
BTG had a positive operating cash flow in the past year.
Of the past 5 years BTG 4 years were profitable.
In the past 5 years BTG always reported a positive cash flow from operatings.
1.2 Ratios
BTG's Return On Assets of 3.85% is fine compared to the rest of the industry. BTG outperforms 70.78% of its industry peers.
BTG has a better Return On Equity (6.60%) than 67.53% of its industry peers.
Looking at the Return On Invested Capital, with a value of 17.36%, BTG belongs to the top of the industry, outperforming 92.21% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BTG is in line with the industry average of 13.20%.
The 3 year average ROIC (11.55%) for BTG is below the current ROIC(17.36%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.85% | ||
| ROE | 6.6% | ||
| ROIC | 17.36% |
ROA(3y)-2%
ROA(5y)4.89%
ROE(3y)-4.15%
ROE(5y)5.33%
ROIC(3y)11.55%
ROIC(5y)14.74%
1.3 Margins
With a decent Profit Margin value of 8.75%, BTG is doing good in the industry, outperforming 74.68% of the companies in the same industry.
Looking at the Operating Margin, with a value of 40.82%, BTG belongs to the top of the industry, outperforming 91.56% of the companies in the same industry.
In the last couple of years the Operating Margin of BTG has remained more or less at the same level.
The Gross Margin of BTG (46.01%) is better than 82.47% of its industry peers.
In the last couple of years the Gross Margin of BTG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 40.82% | ||
| PM (TTM) | 8.75% | ||
| GM | 46.01% |
OM growth 3Y-7.12%
OM growth 5Y-0.62%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.22%
GM growth 5Y-0.97%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BTG is creating value.
BTG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for BTG has been increased compared to 5 years ago.
The debt/assets ratio for BTG is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.52 indicates that BTG is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.52, BTG is in line with its industry, outperforming 40.26% of the companies in the same industry.
BTG has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.18, BTG perfoms like the industry average, outperforming 51.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.52 |
ROIC/WACC1.97
WACC8.81%
2.3 Liquidity
A Current Ratio of 1.03 indicates that BTG should not have too much problems paying its short term obligations.
BTG's Current ratio of 1.03 is on the low side compared to the rest of the industry. BTG is outperformed by 82.47% of its industry peers.
A Quick Ratio of 0.46 indicates that BTG may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.46, BTG is doing worse than 92.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.46 |
3. Growth
3.1 Past
BTG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 71.43%, which is quite impressive.
Measured over the past years, BTG shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.71% on average per year.
The Revenue has grown by 30.97% in the past year. This is a very strong growth!
The Revenue has been growing by 10.48% on average over the past years. This is quite good.
EPS 1Y (TTM)71.43%
EPS 3Y-25.99%
EPS 5Y-9.71%
EPS Q2Q%600%
Revenue 1Y (TTM)30.97%
Revenue growth 3Y2.58%
Revenue growth 5Y10.48%
Sales Q2Q%74.68%
3.2 Future
The Earnings Per Share is expected to grow by 47.30% on average over the next years. This is a very strong growth
Based on estimates for the next years, BTG will show a quite strong growth in Revenue. The Revenue will grow by 17.03% on average per year.
EPS Next Y283.19%
EPS Next 2Y110.23%
EPS Next 3Y75.94%
EPS Next 5Y47.3%
Revenue Next Year67.89%
Revenue Next 2Y39.8%
Revenue Next 3Y25.35%
Revenue Next 5Y17.03%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
BTG is valuated correctly with a Price/Earnings ratio of 12.83.
Based on the Price/Earnings ratio, BTG is valued cheaper than 93.51% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.31. BTG is valued rather cheaply when compared to this.
BTG is valuated cheaply with a Price/Forward Earnings ratio of 6.97.
Based on the Price/Forward Earnings ratio, BTG is valued cheaper than 95.45% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BTG to the average of the S&P500 Index (36.56), we can say BTG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.83 | ||
| Fwd PE | 6.97 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BTG is valued cheaply inside the industry as 97.40% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.55 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of BTG may justify a higher PE ratio.
BTG's earnings are expected to grow with 75.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y110.23%
EPS Next 3Y75.94%
5. Dividend
5.1 Amount
BTG has a Yearly Dividend Yield of 3.45%.
Compared to an average industry Dividend Yield of 2.60, BTG pays a better dividend. On top of this BTG pays more dividend than 94.16% of the companies listed in the same industry.
BTG's Dividend Yield is a higher than the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.45% |
5.2 History
The dividend of BTG is nicely growing with an annual growth rate of 69.07%!
BTG has been paying a dividend for over 5 years, so it has already some track record.
As BTG did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)69.07%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
56.73% of the earnings are spent on dividend by BTG. This is a bit on the high side, but may be sustainable.
BTG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP56.73%
EPS Next 2Y110.23%
EPS Next 3Y75.94%
4.62
+0.15 (+3.36%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners63.91%
Inst Owner Change0.91%
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap6.17B
Revenue(TTM)2.51B
Net Income(TTM)219.32M
Analysts72.5
Price Target5.91 (27.92%)
Short Float %3.53%
Short Ratio0.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.45% |
Yearly Dividend0.14
Dividend Growth(5Y)69.07%
DP56.73%
Div Incr Years0
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.26%
Min EPS beat(2)-11.53%
Max EPS beat(2)-0.99%
EPS beat(4)1
Avg EPS beat(4)-24.29%
Min EPS beat(4)-86.5%
Max EPS beat(4)1.84%
EPS beat(8)2
Avg EPS beat(8)-22.01%
EPS beat(12)4
Avg EPS beat(12)-14.1%
EPS beat(16)5
Avg EPS beat(16)-14.09%
Revenue beat(2)0
Avg Revenue beat(2)-4.79%
Min Revenue beat(2)-6.76%
Max Revenue beat(2)-2.83%
Revenue beat(4)0
Avg Revenue beat(4)-4.94%
Min Revenue beat(4)-9.16%
Max Revenue beat(4)-1.03%
Revenue beat(8)3
Avg Revenue beat(8)-1.22%
Revenue beat(12)5
Avg Revenue beat(12)-0.51%
Revenue beat(16)7
Avg Revenue beat(16)-0.79%
PT rev (1m)19.6%
PT rev (3m)22.68%
EPS NQ rev (1m)0.8%
EPS NQ rev (3m)21.74%
EPS NY rev (1m)0.02%
EPS NY rev (3m)2.23%
Revenue NQ rev (1m)8.54%
Revenue NQ rev (3m)29.33%
Revenue NY rev (1m)0.5%
Revenue NY rev (3m)1.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.83 | ||
| Fwd PE | 6.97 | ||
| P/S | 2.46 | ||
| P/FCF | N/A | ||
| P/OCF | 8.5 | ||
| P/B | 1.86 | ||
| P/tB | 1.86 | ||
| EV/EBITDA | 4.55 |
EPS(TTM)0.36
EY7.79%
EPS(NY)0.66
Fwd EY14.35%
FCF(TTM)-0.15
FCFYN/A
OCF(TTM)0.54
OCFY11.77%
SpS1.88
BVpS2.49
TBVpS2.49
PEG (NY)0.05
PEG (5Y)N/A
Graham Number4.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.85% | ||
| ROE | 6.6% | ||
| ROCE | 21.98% | ||
| ROIC | 17.36% | ||
| ROICexc | 18.89% | ||
| ROICexgc | 18.89% | ||
| OM | 40.82% | ||
| PM (TTM) | 8.75% | ||
| GM | 46.01% | ||
| FCFM | N/A |
ROA(3y)-2%
ROA(5y)4.89%
ROE(3y)-4.15%
ROE(5y)5.33%
ROIC(3y)11.55%
ROIC(5y)14.74%
ROICexc(3y)13.08%
ROICexc(5y)17.32%
ROICexgc(3y)13.08%
ROICexgc(5y)17.32%
ROCE(3y)14.62%
ROCE(5y)18.66%
ROICexgc growth 3Y-16.06%
ROICexgc growth 5Y-0.47%
ROICexc growth 3Y-16.06%
ROICexc growth 5Y-0.47%
OM growth 3Y-7.12%
OM growth 5Y-0.62%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.22%
GM growth 5Y-0.97%
F-Score6
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.43 | ||
| Cap/Depr | 239.32% | ||
| Cap/Sales | 37.22% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 51.39% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.46 | ||
| Altman-Z | 2.52 |
F-Score6
WACC8.81%
ROIC/WACC1.97
Cap/Depr(3y)185.06%
Cap/Depr(5y)150.39%
Cap/Sales(3y)37.73%
Cap/Sales(5y)30.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)71.43%
EPS 3Y-25.99%
EPS 5Y-9.71%
EPS Q2Q%600%
EPS Next Y283.19%
EPS Next 2Y110.23%
EPS Next 3Y75.94%
EPS Next 5Y47.3%
Revenue 1Y (TTM)30.97%
Revenue growth 3Y2.58%
Revenue growth 5Y10.48%
Sales Q2Q%74.68%
Revenue Next Year67.89%
Revenue Next 2Y39.8%
Revenue Next 3Y25.35%
Revenue Next 5Y17.03%
EBIT growth 1Y64.97%
EBIT growth 3Y-4.73%
EBIT growth 5Y9.8%
EBIT Next Year759.11%
EBIT Next 3Y109.45%
EBIT Next 5Y63.41%
FCF growth 1Y-267.06%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-6.83%
OCF growth 3Y6.62%
OCF growth 5Y12.27%
B2GOLD CORP / BTG FAQ
What is the ChartMill fundamental rating of B2GOLD CORP (BTG) stock?
ChartMill assigns a fundamental rating of 6 / 10 to BTG.
What is the valuation status of B2GOLD CORP (BTG) stock?
ChartMill assigns a valuation rating of 8 / 10 to B2GOLD CORP (BTG). This can be considered as Undervalued.
Can you provide the profitability details for B2GOLD CORP?
B2GOLD CORP (BTG) has a profitability rating of 7 / 10.
What is the earnings growth outlook for B2GOLD CORP?
The Earnings per Share (EPS) of B2GOLD CORP (BTG) is expected to grow by 283.19% in the next year.
Is the dividend of B2GOLD CORP sustainable?
The dividend rating of B2GOLD CORP (BTG) is 6 / 10 and the dividend payout ratio is 56.73%.