CENTERRA GOLD INC (CGAU) Stock Fundamental Analysis
NYSE:CGAU - New York Stock Exchange, Inc. - CA1520061021 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to CGAU. CGAU was compared to 150 industry peers in the Metals & Mining industry. CGAU has an excellent financial health rating, but there are some minor concerns on its profitability. CGAU has a correct valuation and a medium growth rate. CGAU also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CGAU was profitable.
In the past year CGAU had a positive cash flow from operations.
CGAU had negative earnings in 4 of the past 5 years.
In multiple years CGAU reported negative operating cash flow during the last 5 years.
1.2 Ratios
CGAU has a better Return On Assets (4.46%) than 74.65% of its industry peers.
CGAU has a better Return On Equity (5.97%) than 69.01% of its industry peers.
CGAU's Return On Invested Capital of 9.05% is amongst the best of the industry. CGAU outperforms 81.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.46% | ||
| ROE | 5.97% | ||
| ROIC | 9.05% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 8.32%, CGAU is doing good in the industry, outperforming 78.17% of the companies in the same industry.
The Operating Margin of CGAU (18.95%) is better than 76.76% of its industry peers.
In the last couple of years the Operating Margin of CGAU has declined.
CGAU has a better Gross Margin (34.86%) than 76.06% of its industry peers.
In the last couple of years the Gross Margin of CGAU has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.95% | ||
| PM (TTM) | 8.32% | ||
| GM | 34.86% |
OM growth 3Y-43.37%
OM growth 5Y-12.27%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-19.92%
GM growth 5Y-5.05%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CGAU is destroying value.
CGAU has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
CGAU has an Altman-Z score of 3.07. This indicates that CGAU is financially healthy and has little risk of bankruptcy at the moment.
CGAU has a Altman-Z score (3.07) which is in line with its industry peers.
CGAU has a debt to FCF ratio of 0.11. This is a very positive value and a sign of high solvency as it would only need 0.11 years to pay back of all of its debts.
The Debt to FCF ratio of CGAU (0.11) is better than 95.07% of its industry peers.
CGAU has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of CGAU (0.01) is better than 78.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.11 | ||
| Altman-Z | 3.07 |
ROIC/WACC0.97
WACC9.29%
2.3 Liquidity
A Current Ratio of 3.60 indicates that CGAU has no problem at all paying its short term obligations.
CGAU has a Current ratio of 3.60. This is in the better half of the industry: CGAU outperforms 72.54% of its industry peers.
A Quick Ratio of 2.64 indicates that CGAU has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.64, CGAU is in the better half of the industry, outperforming 71.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.6 | ||
| Quick Ratio | 2.64 |
3. Growth
3.1 Past
CGAU shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 1725.00%, which is quite impressive.
Measured over the past 5 years, CGAU shows a small growth in Earnings Per Share. The EPS has been growing by 3.32% on average per year.
EPS 1Y (TTM)1725%
EPS 3Y-2.18%
EPS 5Y3.32%
EPS Q2Q%-39.29%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-11.05%
3.2 Future
Based on estimates for the next years, CGAU will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.99% on average per year.
CGAU is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.11% yearly.
EPS Next Y-17.69%
EPS Next 2Y2.61%
EPS Next 3Y-13.95%
EPS Next 5Y8.99%
Revenue Next Year-8.47%
Revenue Next 2Y-2.48%
Revenue Next 3Y1.17%
Revenue Next 5Y2.11%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.47 indicates a reasonable valuation of CGAU.
Compared to the rest of the industry, the Price/Earnings ratio of CGAU indicates a rather cheap valuation: CGAU is cheaper than 95.77% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of CGAU to the average of the S&P500 Index (29.62), we can say CGAU is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.29, the valuation of CGAU can be described as very reasonable.
Based on the Price/Forward Earnings ratio, CGAU is valued a bit cheaper than the industry average as 79.58% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.70. CGAU is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.47 | ||
| Fwd PE | 10.29 |
4.2 Price Multiples
CGAU's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CGAU is cheaper than 99.30% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CGAU indicates a rather cheap valuation: CGAU is cheaper than 95.77% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.41 | ||
| EV/EBITDA | 1.88 |
4.3 Compensation for Growth
CGAU's earnings are expected to decrease with -13.95% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)2.55
EPS Next 2Y2.61%
EPS Next 3Y-13.95%
5. Dividend
5.1 Amount
CGAU has a Yearly Dividend Yield of 3.19%.
CGAU's Dividend Yield is rather good when compared to the industry average which is at 3.16. CGAU pays more dividend than 86.62% of the companies in the same industry.
CGAU's Dividend Yield is a higher than the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.19% |
5.2 History
On average, the dividend of CGAU grows each year by 6.78%, which is quite nice.
CGAU has paid a dividend for at least 10 years, which is a reliable track record.
CGAU has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)6.78%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
42.41% of the earnings are spent on dividend by CGAU. This is a bit on the high side, but may be sustainable.
CGAU's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP42.41%
EPS Next 2Y2.61%
EPS Next 3Y-13.95%
6.18
-0.47 (-7.07%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners87.32%
Inst Owner ChangeN/A
Ins Owners0.2%
Ins Owner ChangeN/A
Market Cap1.30B
Analysts78.95
Price Target8.37 (35.44%)
Short Float %1.65%
Short Ratio3.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.19% |
Yearly Dividend0.18
Dividend Growth(5Y)6.78%
DP42.41%
Div Incr Years0
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)11.29%
Min EPS beat(2)-13.58%
Max EPS beat(2)36.16%
EPS beat(4)3
Avg EPS beat(4)10.02%
Min EPS beat(4)-13.58%
Max EPS beat(4)36.16%
EPS beat(8)5
Avg EPS beat(8)-23.21%
EPS beat(12)7
Avg EPS beat(12)-83.46%
EPS beat(16)10
Avg EPS beat(16)-58.37%
Revenue beat(2)0
Avg Revenue beat(2)-6.04%
Min Revenue beat(2)-6.08%
Max Revenue beat(2)-6.01%
Revenue beat(4)1
Avg Revenue beat(4)2.79%
Min Revenue beat(4)-6.97%
Max Revenue beat(4)30.22%
Revenue beat(8)5
Avg Revenue beat(8)8.73%
Revenue beat(12)9
Avg Revenue beat(12)9.38%
Revenue beat(16)11
Avg Revenue beat(16)6.78%
PT rev (1m)-3.53%
PT rev (3m)-10.7%
EPS NQ rev (1m)-15.5%
EPS NQ rev (3m)8.81%
EPS NY rev (1m)-4.4%
EPS NY rev (3m)-8.35%
Revenue NQ rev (1m)-2.71%
Revenue NQ rev (3m)-2.96%
Revenue NY rev (1m)-0.39%
Revenue NY rev (3m)0.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.47 | ||
| Fwd PE | 10.29 | ||
| P/S | 1.04 | ||
| P/FCF | 6.41 | ||
| P/OCF | 3.7 | ||
| P/B | 0.74 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | 1.88 |
EPS(TTM)0.73
EY11.81%
EPS(NY)0.6
Fwd EY9.72%
FCF(TTM)0.96
FCFY15.61%
OCF(TTM)1.67
OCFY27.02%
SpS5.96
BVpS8.3
TBVpS8.3
PEG (NY)N/A
PEG (5Y)2.55
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.46% | ||
| ROE | 5.97% | ||
| ROCE | 11.46% | ||
| ROIC | 9.05% | ||
| ROICexc | 12.82% | ||
| ROICexgc | 12.82% | ||
| OM | 18.95% | ||
| PM (TTM) | 8.32% | ||
| GM | 34.86% | ||
| FCFM | 16.2% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-43.37%
OM growth 5Y-12.27%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-19.92%
GM growth 5Y-5.05%
F-Score7
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.11 | ||
| Debt/EBITDA | 0.04 | ||
| Cap/Depr | 105.58% | ||
| Cap/Sales | 11.84% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 92.93% | ||
| Profit Quality | 194.75% | ||
| Current Ratio | 3.6 | ||
| Quick Ratio | 2.64 | ||
| Altman-Z | 3.07 |
F-Score7
WACC9.29%
ROIC/WACC0.97
Cap/Depr(3y)72.41%
Cap/Depr(5y)87.69%
Cap/Sales(3y)9.2%
Cap/Sales(5y)13.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1725%
EPS 3Y-2.18%
EPS 5Y3.32%
EPS Q2Q%-39.29%
EPS Next Y-17.69%
EPS Next 2Y2.61%
EPS Next 3Y-13.95%
EPS Next 5Y8.99%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-11.05%
Revenue Next Year-8.47%
Revenue Next 2Y-2.48%
Revenue Next 3Y1.17%
Revenue Next 5Y2.11%
EBIT growth 1Y2070.4%
EBIT growth 3Y-50.99%
EBIT growth 5Y-12.81%
EBIT Next Year332.5%
EBIT Next 3Y58.15%
EBIT Next 5Y37.88%
FCF growth 1Y1173.03%
FCF growth 3Y-35.72%
FCF growth 5YN/A
OCF growth 1Y404.01%
OCF growth 3Y-35.84%
OCF growth 5Y2.46%