B2GOLD CORP (BTG) Stock Fundamental Analysis
USA - NYSEARCA:BTG - CA11777Q2099 - Common Stock
3.91 USD
+0.11 (+2.89%)
3.9 USD
-0.01 (-0.26%)
Overall BTG gets a fundamental rating of 5 out of 10. We evaluated BTG against 154 industry peers in the Metals & Mining industry. There are concerns on the financial health of BTG while its profitability can be described as average. BTG is valued quite cheap, while showing a decent growth score. This is a good combination!
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.
In the past 5 years BTG always reported a positive cash flow from operatings.
1.2 Ratios
BTG's Return On Assets of -8.17% is on the low side compared to the rest of the industry. BTG is outperformed by 68.18% of its industry peers.
BTG has a worse Return On Equity (-13.26%) than 66.23% of its industry peers.
BTG has a better Return On Invested Capital (14.06%) 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 12.60%.
The 3 year average ROIC (11.55%) for BTG is below the current ROIC(14.06%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.17% | ||
| ROE | -13.26% | ||
| ROIC | 14.06% |
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 an excellent Operating Margin value of 35.54%, BTG belongs to the best of the industry, outperforming 87.66% of the companies in the same industry.
BTG's Operating Margin has been stable in the last couple of years.
BTG has a Gross Margin of 41.34%. This is in the better half of the industry: BTG outperforms 79.22% 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 | 35.54% | ||
| PM (TTM) | N/A | ||
| GM | 41.34% |
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
BTG has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, BTG has more shares outstanding
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 2.32. 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.
BTG has a Altman-Z score of 2.32. This is comparable to the rest of the industry: BTG outperforms 40.26% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that BTG is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.13, BTG perfoms like the industry average, outperforming 55.84% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.32 |
ROIC/WACC1.74
WACC8.1%
2.3 Liquidity
BTG has a Current Ratio of 0.98. This is a bad value and indicates that BTG is not financially healthy enough and could expect problems in meeting its short term obligations.
BTG has a Current ratio of 0.98. This is amonst the worse of the industry: BTG underperforms 83.77% of its industry peers.
BTG has a Quick Ratio of 0.98. This is a bad value and indicates that BTG is not financially healthy enough and could expect problems in meeting its short term obligations.
BTG has a worse Quick ratio (0.40) than 90.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 71.43% over the past year.
The Earnings Per Share has been decreasing by -9.71% on average over the past years.
Looking at the last year, BTG shows a decrease in Revenue. The Revenue has decreased by -1.67% in the last year.
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)-1.67%
Revenue growth 3Y2.58%
Revenue growth 5Y10.48%
Sales Q2Q%74.68%
3.2 Future
The Earnings Per Share is expected to grow by 43.86% on average over the next years. This is a very strong growth
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 5Y43.86%
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
With a Price/Earnings ratio of 10.86, the valuation of BTG can be described as very reasonable.
Based on the Price/Earnings ratio, BTG is valued cheaper than 96.75% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.06. BTG is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 5.90, the valuation of BTG can be described as very cheap.
BTG's Price/Forward Earnings ratio is rather cheap when compared to the industry. BTG is cheaper than 96.10% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 32.73. BTG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.86 | ||
| Fwd PE | 5.9 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BTG is valued cheaper than 94.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.63 |
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.
A more expensive valuation may be justified as BTG's earnings are expected to grow with 75.94% in the coming years.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y110.23%
EPS Next 3Y75.94%
5. Dividend
5.1 Amount
BTG has a Yearly Dividend Yield of 4.06%, which is a nice return.
BTG's Dividend Yield is rather good when compared to the industry average which is at 2.64. BTG pays more dividend than 94.81% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, BTG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
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
The earnings of BTG are negative and hence is the payout ratio. BTG will probably not be able to sustain this dividend level.
BTG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP-33.27%
EPS Next 2Y110.23%
EPS Next 3Y75.94%
3.91
+0.11 (+2.89%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners63.91%
Inst Owner Change-0.27%
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap5.17B
Revenue(TTM)1.90B
Net Income(TTM)-433.63M
Analysts72.5
Price Target5.84 (49.36%)
Short Float %4.7%
Short Ratio1.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
Yearly Dividend0.14
Dividend Growth(5Y)69.07%
DP-33.27%
Div Incr Years0
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.84%
Min EPS beat(2)-11.53%
Max EPS beat(2)1.84%
EPS beat(4)1
Avg EPS beat(4)-39.36%
Min EPS beat(4)-86.5%
Max EPS beat(4)1.84%
EPS beat(8)2
Avg EPS beat(8)-25.06%
EPS beat(12)4
Avg EPS beat(12)-18.05%
EPS beat(16)5
Avg EPS beat(16)-14.6%
Revenue beat(2)0
Avg Revenue beat(2)-5.99%
Min Revenue beat(2)-9.16%
Max Revenue beat(2)-2.83%
Revenue beat(4)0
Avg Revenue beat(4)-3.31%
Min Revenue beat(4)-9.16%
Max Revenue beat(4)-0.23%
Revenue beat(8)3
Avg Revenue beat(8)-0.59%
Revenue beat(12)5
Avg Revenue beat(12)-0.22%
Revenue beat(16)7
Avg Revenue beat(16)-0.48%
PT rev (1m)18.19%
PT rev (3m)18.01%
EPS NQ rev (1m)-2.01%
EPS NQ rev (3m)6.65%
EPS NY rev (1m)0.02%
EPS NY rev (3m)32.07%
Revenue NQ rev (1m)-6.25%
Revenue NQ rev (3m)-7.62%
Revenue NY rev (1m)0.5%
Revenue NY rev (3m)6.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.86 | ||
| Fwd PE | 5.9 | ||
| P/S | 2.38 | ||
| P/FCF | N/A | ||
| P/OCF | 9.61 | ||
| P/B | 1.58 | ||
| P/tB | 1.58 | ||
| EV/EBITDA | 4.63 |
EPS(TTM)0.36
EY9.21%
EPS(NY)0.66
Fwd EY16.95%
FCF(TTM)-0.27
FCFYN/A
OCF(TTM)0.41
OCFY10.41%
SpS1.64
BVpS2.47
TBVpS2.47
PEG (NY)0.04
PEG (5Y)N/A
Graham Number4.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.17% | ||
| ROE | -13.26% | ||
| ROCE | 17.8% | ||
| ROIC | 14.06% | ||
| ROICexc | 15.15% | ||
| ROICexgc | 15.15% | ||
| OM | 35.54% | ||
| PM (TTM) | N/A | ||
| GM | 41.34% | ||
| 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-Score4
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.36 | ||
| Cap/Depr | 238.11% | ||
| Cap/Sales | 41.02% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 46.96% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.4 | ||
| Altman-Z | 2.32 |
F-Score4
WACC8.1%
ROIC/WACC1.74
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 5Y43.86%
Revenue 1Y (TTM)-1.67%
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 1Y15.53%
EBIT growth 3Y-4.73%
EBIT growth 5Y9.8%
EBIT Next Year759.11%
EBIT Next 3Y109.45%
EBIT Next 5Y63.41%
FCF growth 1Y-237.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-29.39%
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 5 / 10 to BTG.
What is the valuation status of B2GOLD CORP (BTG) stock?
ChartMill assigns a valuation rating of 7 / 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 5 / 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 -33.27%.