5.29 USD
+0.09 (+1.73%)
5.33 USD
+0.04 (+0.76%)
BTG gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 154 industry peers in the Metals & Mining industry. While BTG belongs to the best of the industry regarding profitability, there are concerns on its financial health. An interesting combination arises when we look at growth and value: BTG is growing strongly while it also seems undervalued.
1. Profitability
1.1 Basic Checks
- In the past year BTG was profitable.
- In the past year BTG had a positive cash flow from operations.
- BTG had positive earnings in 4 of the past 5 years.
- BTG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- BTG has a better Return On Assets (3.85%) than 71.43% of its industry peers.
- Looking at the Return On Equity, with a value of 6.60%, BTG is in the better half of the industry, outperforming 68.18% of the companies in the same industry.
- BTG has a better Return On Invested Capital (17.36%) than 90.91% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for BTG is in line with the industry average of 10.34%.
- The last Return On Invested Capital (17.36%) for BTG is above the 3 year average (11.55%), which is a sign of increasing profitability.
| 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
- BTG has a Profit Margin of 8.75%. This is in the better half of the industry: BTG outperforms 74.68% of its industry peers.
- BTG has a better Operating Margin (40.82%) than 91.56% of its industry peers.
- BTG's Operating Margin has been stable in the last couple of years.
- BTG has a Gross Margin of 46.01%. This is amongst the best in the industry. BTG outperforms 81.17% 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BTG is creating some 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.
- Compared to 1 year ago, BTG has a worse debt to assets ratio.
2.2 Solvency
- BTG has an Altman-Z score of 2.74. This is not the best score and indicates that BTG is in the grey zone with still only limited risk for bankruptcy at the moment.
- The Altman-Z score of BTG (2.74) is worse than 61.69% of its industry peers.
- A Debt/Equity ratio of 0.18 indicates that BTG is not too dependend on debt financing.
- The Debt to Equity ratio of BTG (0.18) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.74 |
ROIC/WACC1.78
WACC9.73%
2.3 Liquidity
- A Current Ratio of 1.03 indicates that BTG should not have too much problems paying its short term obligations.
- BTG has a worse Current ratio (1.03) than 81.82% 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 91.56% 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.
- The Earnings Per Share has been decreasing by -9.71% on average over the past years.
- Looking at the last year, BTG shows a very strong growth in Revenue. The Revenue has grown by 30.97%.
- BTG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.48% yearly.
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
- BTG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 47.30% yearly.
- BTG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.03% yearly.
EPS Next Y250.13%
EPS Next 2Y125.67%
EPS Next 3Y92.74%
EPS Next 5Y47.3%
Revenue Next Year65.82%
Revenue Next 2Y42.68%
Revenue Next 3Y33.06%
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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 14.69 indicates a correct valuation of BTG.
- 96.75% of the companies in the same industry are more expensive than BTG, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.21, BTG is valued a bit cheaper.
- Based on the Price/Forward Earnings ratio of 6.92, the valuation of BTG can be described as very cheap.
- 96.75% of the companies in the same industry are more expensive than BTG, based on the Price/Forward Earnings ratio.
- BTG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.98.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.69 | ||
| Fwd PE | 6.92 |
4.2 Price Multiples
- BTG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BTG is cheaper than 96.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.18 |
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.
- BTG has a very decent profitability rating, which may justify a higher PE ratio.
- BTG's earnings are expected to grow with 92.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.06
PEG (5Y)N/A
EPS Next 2Y125.67%
EPS Next 3Y92.74%
5. Dividend
5.1 Amount
- BTG has a Yearly Dividend Yield of 3.03%. Purely for dividend investing, there may be better candidates out there.
- BTG's Dividend Yield is rather good when compared to the industry average which is at 1.02. BTG pays more dividend than 94.16% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, BTG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.03% |
5.2 History
- On average, the dividend of BTG grows each year by 69.07%, which is quite nice.
- BTG has been paying a dividend for over 5 years, so it has already some track record.
- BTG has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)69.07%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
- BTG pays out 56.73% of its income as dividend. This is a bit on the high side, but may be sustainable.
- The dividend of BTG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP56.73%
EPS Next 2Y125.67%
EPS Next 3Y92.74%
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 for BTG stock?
ChartMill assigns a valuation rating of 7 / 10 to B2GOLD CORP (BTG). This can be considered as Undervalued.
How profitable is B2GOLD CORP (BTG) stock?
B2GOLD CORP (BTG) has a profitability rating of 7 / 10.
What is the financial health of B2GOLD CORP (BTG) stock?
The financial health rating of B2GOLD CORP (BTG) is 2 / 10.
How sustainable is the dividend of B2GOLD CORP (BTG) stock?
The dividend rating of B2GOLD CORP (BTG) is 6 / 10 and the dividend payout ratio is 56.73%.