4.58 USD
+0.04 (+0.88%)
Overall BTG gets a fundamental rating of 6 out of 10. We evaluated BTG against 156 industry peers in the Metals & Mining industry. BTG scores excellent on profitability, but there are concerns on its financial health. BTG has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare 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.
BTG had positive earnings in 4 of the past 5 years.
Each year in the past 5 years BTG had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BTG (3.85%) is better than 70.51% of its industry peers.
BTG's Return On Equity of 6.60% is fine compared to the rest of the industry. BTG outperforms 67.31% 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 91.67% 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 13.25%.
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
BTG has a better Profit Margin (8.75%) than 74.36% of its industry peers.
BTG has a better Operating Margin (40.82%) than 91.03% of its industry peers.
In the last couple of years the Operating Margin of BTG has remained more or less at the same level.
BTG's Gross Margin of 46.01% is amongst the best of the industry. BTG outperforms 81.41% of its industry peers.
BTG's Gross Margin has been stable in the last couple of years.
| 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.
Compared to 5 years ago, BTG has more shares outstanding
Compared to 1 year ago, BTG has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.49 indicates that BTG is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.49, BTG perfoms like the industry average, outperforming 40.38% of the companies in the same industry.
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 | 2.49 |
ROIC/WACC1.87
WACC9.28%
2.3 Liquidity
BTG has a Current Ratio of 1.03. This is a normal value and indicates that BTG is financially healthy and should not expect problems in meeting its short term obligations.
BTG has a worse Current ratio (1.03) than 83.33% of its industry peers.
A Quick Ratio of 0.46 indicates that BTG may have some problems paying its short term obligations.
BTG has a worse Quick ratio (0.46) than 92.95% of its industry peers.
| 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%.
Measured over the past years, BTG shows a quite strong growth in Revenue. The Revenue has been growing by 10.48% on average per year.
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
Based on estimates for the next years, BTG will show a very strong growth in Earnings Per Share. The EPS will grow by 47.30% on average per year.
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 Y256.87%
EPS Next 2Y126.51%
EPS Next 3Y95.52%
EPS Next 5Y47.3%
Revenue Next Year65.82%
Revenue Next 2Y42.68%
Revenue Next 3Y33.06%
Revenue Next 5Y17.03%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
With a Price/Earnings ratio of 12.72, BTG is valued correctly.
Based on the Price/Earnings ratio, BTG is valued cheaply inside the industry as 96.79% of the companies are valued more expensively.
BTG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.84.
A Price/Forward Earnings ratio of 5.95 indicates a rather cheap valuation of BTG.
Based on the Price/Forward Earnings ratio, BTG is valued cheaper than 97.44% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.40, BTG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.72 | ||
| Fwd PE | 5.95 |
4.2 Price Multiples
BTG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BTG is cheaper than 97.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.47 |
4.3 Compensation for Growth
BTG's 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.
A more expensive valuation may be justified as BTG's earnings are expected to grow with 95.52% in the coming years.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y126.51%
EPS Next 3Y95.52%
5. Dividend
5.1 Amount
BTG has a Yearly Dividend Yield of 3.36%. 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 0.98. BTG pays more dividend than 94.87% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.00, BTG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.36% |
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.
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
BTG pays out 56.73% of its income as dividend. 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 2Y126.51%
EPS Next 3Y95.52%
NYSEARCA:BTG (12/30/2025, 3:34:10 PM)
4.58
+0.04 (+0.88%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners63.8%
Inst Owner Change0.98%
Ins Owners0.58%
Ins Owner ChangeN/A
Market Cap6.12B
Revenue(TTM)2.51B
Net Income(TTM)219.32M
Analysts71.25
Price Target5.98 (30.57%)
Short Float %3.93%
Short Ratio1.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.36% |
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)1.24%
PT rev (3m)22.7%
EPS NQ rev (1m)6.67%
EPS NQ rev (3m)15.46%
EPS NY rev (1m)-6.87%
EPS NY rev (3m)-6.85%
Revenue NQ rev (1m)5.1%
Revenue NQ rev (3m)15.02%
Revenue NY rev (1m)-1.24%
Revenue NY rev (3m)-0.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.72 | ||
| Fwd PE | 5.95 | ||
| P/S | 2.44 | ||
| P/FCF | N/A | ||
| P/OCF | 8.43 | ||
| P/B | 1.84 | ||
| P/tB | 1.84 | ||
| EV/EBITDA | 4.47 |
EPS(TTM)0.36
EY7.86%
EPS(NY)0.77
Fwd EY16.8%
FCF(TTM)-0.15
FCFYN/A
OCF(TTM)0.54
OCFY11.87%
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 | 2.49 |
F-Score6
WACC9.28%
ROIC/WACC1.87
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 Y256.87%
EPS Next 2Y126.51%
EPS Next 3Y95.52%
EPS Next 5Y47.3%
Revenue 1Y (TTM)30.97%
Revenue growth 3Y2.58%
Revenue growth 5Y10.48%
Sales Q2Q%74.68%
Revenue Next Year65.82%
Revenue Next 2Y42.68%
Revenue Next 3Y33.06%
Revenue Next 5Y17.03%
EBIT growth 1Y64.97%
EBIT growth 3Y-4.73%
EBIT growth 5Y9.8%
EBIT Next Year718.35%
EBIT Next 3Y133.61%
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 256.87% 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%.