4.43 USD
-0.15 (-3.28%)
4.4395 USD
+0.01 (+0.21%)
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. BTG is evaluated to be cheap and growing strongly. This does not happen too often!
1. Profitability
1.1 Basic Checks
BTG had positive earnings in the past year.
In the past year BTG had a positive cash flow from operations.
Of the past 5 years BTG 4 years were profitable.
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 70.78% of its industry peers.
BTG has a better Return On Equity (6.60%) than 67.53% of its industry peers.
The Return On Invested Capital of BTG (17.36%) is better than 92.21% 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 13.20%.
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 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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
BTG has a worse debt/assets ratio than last year.
2.2 Solvency
BTG has an Altman-Z score of 2.51. 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.
With a Altman-Z score value of 2.51, BTG perfoms like the industry average, outperforming 40.91% 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.
BTG has a Debt to Equity ratio (0.18) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.51 |
ROIC/WACC1.97
WACC8.82%
2.3 Liquidity
A Current Ratio of 1.03 indicates that BTG should not have too much problems paying its short term obligations.
The Current ratio of BTG (1.03) is worse than 82.47% of its industry peers.
BTG has a Quick Ratio of 1.03. This is a bad value and indicates that BTG is not financially healthy enough and could expect problems in meeting 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
The Earnings Per Share has grown by an impressive 71.43% over the past year.
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
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.
The Revenue is expected to grow by 17.03% on average over the next years. This is quite good.
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
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
The Price/Earnings ratio is 12.31, which indicates a correct valuation of BTG.
Based on the Price/Earnings ratio, BTG is valued cheaper than 93.51% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.11, BTG is valued rather cheaply.
With a Price/Forward Earnings ratio of 6.68, the valuation of BTG can be described as very cheap.
Based on the Price/Forward Earnings ratio, BTG is valued cheaper than 95.45% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.21. BTG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.31 | ||
| Fwd PE | 6.68 |
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 | 4.53 |
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.
BTG's earnings are expected to grow with 75.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y110.23%
EPS Next 3Y75.94%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.45%, BTG has a reasonable but not impressive dividend return.
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%
4.43
-0.15 (-3.28%)
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 Cap5.92B
Revenue(TTM)2.51B
Net Income(TTM)219.32M
Analysts72.5
Price Target5.91 (33.41%)
Short Float %3.1%
Short Ratio0.8
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 | 12.31 | ||
| Fwd PE | 6.68 | ||
| P/S | 2.36 | ||
| P/FCF | N/A | ||
| P/OCF | 8.15 | ||
| P/B | 1.78 | ||
| P/tB | 1.78 | ||
| EV/EBITDA | 4.53 |
EPS(TTM)0.36
EY8.13%
EPS(NY)0.66
Fwd EY14.96%
FCF(TTM)-0.15
FCFYN/A
OCF(TTM)0.54
OCFY12.27%
SpS1.88
BVpS2.49
TBVpS2.49
PEG (NY)0.04
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 | 2.51 |
F-Score6
WACC8.82%
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%.