B2GOLD CORP (BTG) Stock Fundamental Analysis
USA - NYSEARCA:BTG - CA11777Q2099 - Common Stock
5.55 USD
-0.39 (-6.57%)
5.62 USD
+0.07 (+1.26%)
Overall BTG gets a fundamental rating of 5 out of 10. We evaluated BTG against 155 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BTG had positive earnings in the past year.
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 (-8.17%) is worse than 68.59% of its industry peers.
With a Return On Equity value of -13.26%, BTG is not doing good in the industry: 65.38% of the companies in the same industry are doing better.
BTG has a better Return On Invested Capital (14.06%) than 92.95% of its industry peers.
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 12.30%.
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
Looking at the Operating Margin, with a value of 35.54%, BTG belongs to the top of the industry, outperforming 88.46% 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.
BTG has a Gross Margin of 41.34%. This is in the better half of the industry: BTG outperforms 79.49% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BTG is still creating some 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 2.95. 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 2.95, BTG perfoms like the industry average, outperforming 45.51% of the companies in the same industry.
A Debt/Equity ratio of 0.13 indicates that BTG is not too dependend on debt financing.
BTG has a Debt to Equity ratio of 0.13. This is comparable to the rest of the industry: BTG outperforms 56.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.95 |
ROIC/WACC1.72
WACC8.17%
2.3 Liquidity
A Current Ratio of 0.98 indicates that BTG may have some problems paying its short term obligations.
BTG has a worse Current ratio (0.98) than 83.33% 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 91.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
BTG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by 0.00%.
The Earnings Per Share has been decreasing by -9.71% on average over the past years.
The Revenue has grown by 11.75% in the past year. This is quite good.
The Revenue has been growing by 10.48% on average over the past years. This is quite good.
EPS 1Y (TTM)0%
EPS 3Y-25.99%
EPS 5Y-9.71%
EPS Q2Q%100%
Revenue 1Y (TTM)11.75%
Revenue growth 3Y2.58%
Revenue growth 5Y10.48%
Sales Q2Q%40.53%
3.2 Future
The Earnings Per Share is expected to grow by 20.67% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 13.98% on average over the next years. This is quite good.
EPS Next Y283.13%
EPS Next 2Y97.45%
EPS Next 3Y65.54%
EPS Next 5Y20.67%
Revenue Next Year67.06%
Revenue Next 2Y34.41%
Revenue Next 3Y21.51%
Revenue Next 5Y13.98%
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 23.13, which indicates a rather expensive current valuation of BTG.
76.92% of the companies in the same industry are more expensive than BTG, based on the Price/Earnings ratio.
BTG's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.42.
A Price/Forward Earnings ratio of 9.49 indicates a reasonable valuation of BTG.
88.46% of the companies in the same industry are more expensive than BTG, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.94, BTG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.13 | ||
| Fwd PE | 9.49 |
4.2 Price Multiples
BTG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BTG is cheaper than 90.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.52 |
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's earnings are expected to grow with 65.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.08
PEG (5Y)N/A
EPS Next 2Y97.45%
EPS Next 3Y65.54%
5. Dividend
5.1 Amount
BTG has a Yearly Dividend Yield of 2.61%. 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 2.42. BTG pays more dividend than 91.67% of the companies in the same industry.
BTG's Dividend Yield is comparable with the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.61% |
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
The earnings of BTG are negative and hence is the payout ratio. BTG will probably not be able to sustain this dividend level.
The dividend of BTG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP-33.27%
EPS Next 2Y97.45%
EPS Next 3Y65.54%
5.55
-0.39 (-6.57%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners63.91%
Inst Owner Change0.08%
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap7.34B
Analysts72.5
Price Target4.94 (-10.99%)
Short Float %5.3%
Short Ratio1.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.61% |
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)1.33%
PT rev (3m)4.36%
EPS NQ rev (1m)3.98%
EPS NQ rev (3m)23.66%
EPS NY rev (1m)2.21%
EPS NY rev (3m)32.05%
Revenue NQ rev (1m)2.93%
Revenue NQ rev (3m)-2.03%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)8.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.13 | ||
| Fwd PE | 9.49 | ||
| P/S | 3.38 | ||
| P/FCF | N/A | ||
| P/OCF | 13.64 | ||
| P/B | 2.25 | ||
| P/tB | 2.25 | ||
| EV/EBITDA | 6.52 |
EPS(TTM)0.24
EY4.32%
EPS(NY)0.58
Fwd EY10.54%
FCF(TTM)-0.27
FCFYN/A
OCF(TTM)0.41
OCFY7.33%
SpS1.64
BVpS2.47
TBVpS2.47
PEG (NY)0.08
PEG (5Y)N/A
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%
ROICexcg growth 3Y-16.06%
ROICexcg 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 | 2.95 |
F-Score4
WACC8.17%
ROIC/WACC1.72
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)0%
EPS 3Y-25.99%
EPS 5Y-9.71%
EPS Q2Q%100%
EPS Next Y283.13%
EPS Next 2Y97.45%
EPS Next 3Y65.54%
EPS Next 5Y20.67%
Revenue 1Y (TTM)11.75%
Revenue growth 3Y2.58%
Revenue growth 5Y10.48%
Sales Q2Q%40.53%
Revenue Next Year67.06%
Revenue Next 2Y34.41%
Revenue Next 3Y21.51%
Revenue Next 5Y13.98%
EBIT growth 1Y15.53%
EBIT growth 3Y-4.73%
EBIT growth 5Y9.8%
EBIT Next Year759.11%
EBIT Next 3Y109.45%
EBIT Next 5Y49.28%
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%