4.53 USD
-0.02 (-0.44%)
4.56 USD
+0.03 (+0.66%)
Taking everything into account, BTG scores 6 out of 10 in our fundamental rating. BTG was compared to 157 industry peers in the Metals & Mining industry. BTG has an excellent profitability rating, 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
BTG had positive earnings in the past year.
In the past year BTG had a positive cash flow from operations.
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
BTG has a better Return On Assets (3.85%) than 71.97% 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 68.79% of the companies in the same industry.
With an excellent Return On Invested Capital value of 17.36%, BTG belongs to the best of the industry, outperforming 91.72% of the companies in the same industry.
BTG had an Average Return On Invested Capital over the past 3 years of 11.55%. This is in line with the industry average of 10.33%.
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 better Profit Margin (8.75%) than 74.52% of its industry peers.
With an excellent Operating Margin value of 40.82%, BTG belongs to the best of the industry, outperforming 91.08% 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.
Looking at the Gross Margin, with a value of 46.01%, BTG belongs to the top of the industry, outperforming 81.53% of the companies in the same industry.
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
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
Compared to 1 year ago, BTG has a worse debt to assets ratio.
2.2 Solvency
BTG has an Altman-Z score of 2.49. 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 (2.49) is worse than 61.78% of its industry peers.
A Debt/Equity ratio of 0.18 indicates that BTG is not too dependend on debt financing.
BTG has a Debt to Equity ratio of 0.18. This is comparable to the rest of the industry: BTG outperforms 52.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.49 |
ROIC/WACC1.88
WACC9.25%
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 81.53% of its industry peers.
A Quick Ratio of 0.46 indicates that BTG may have some problems paying its short term obligations.
With a Quick ratio value of 0.46, BTG is not doing good in the industry: 91.08% of the companies in the same industry are doing better.
| 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.
The Earnings Per Share has been decreasing by -9.71% on average over the past years.
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
BTG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 47.30% yearly.
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 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.
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
Based on the Price/Earnings ratio of 12.58, the valuation of BTG can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of BTG indicates a rather cheap valuation: BTG is cheaper than 97.45% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of BTG to the average of the S&P500 Index (27.17), we can say BTG is valued rather cheaply.
A Price/Forward Earnings ratio of 5.89 indicates a rather cheap valuation of BTG.
98.09% of the companies in the same industry are more expensive than BTG, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.79. BTG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.58 | ||
| Fwd PE | 5.89 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BTG is valued cheaply inside the industry as 97.45% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.48 |
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 95.52% in the coming years. This may justify a more expensive valuation.
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 3.52%. 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 0.99. BTG pays more dividend than 94.90% of the companies in the same industry.
BTG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.52% |
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
56.73% of the earnings are spent on dividend by BTG. 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 2Y126.51%
EPS Next 3Y95.52%
4.53
-0.02 (-0.44%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners63.39%
Inst Owner Change0%
Ins Owners0.58%
Ins Owner ChangeN/A
Market Cap6.05B
Revenue(TTM)2.51B
Net Income(TTM)219.32M
Analysts71.25
Price Target5.98 (32.01%)
Short Float %3.93%
Short Ratio1.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.52% |
Yearly Dividend0.14
Dividend Growth(5Y)69.07%
DP56.73%
Div Incr Years0
Div Non Decr Years5
Ex-DateN/A
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)21.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)9.8%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)15.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.58 | ||
| Fwd PE | 5.89 | ||
| P/S | 2.41 | ||
| P/FCF | N/A | ||
| P/OCF | 8.33 | ||
| P/B | 1.82 | ||
| P/tB | 1.82 | ||
| EV/EBITDA | 4.48 |
EPS(TTM)0.36
EY7.95%
EPS(NY)0.77
Fwd EY16.99%
FCF(TTM)-0.15
FCFYN/A
OCF(TTM)0.54
OCFY12%
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
WACC9.25%
ROIC/WACC1.88
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 for BTG stock?
ChartMill assigns a valuation rating of 8 / 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%.