ELDORADO GOLD CORP (EGO)
CA2849021035 - Common Stock
We assign a fundamental rating of 5 out of 10 to EGO. EGO was compared to 156 industry peers in the Metals & Mining industry. While EGO is still in line with the averages on profitability rating, there are concerns on its financial health. EGO is growing strongly while it also seems undervalued. This is an interesting combination
1. Profitability
1.1 Basic Checks
EGO had positive earnings in the past year.
EGO had a positive operating cash flow in the past year.
In multiple years EGO reported negative net income over the last 5 years.
Each year in the past 5 years EGO had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.29%, EGO is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
EGO has a Return On Equity of 4.73%. This is in the better half of the industry: EGO outperforms 66.67% of its industry peers.
The Return On Invested Capital of EGO (4.21%) is comparable to the rest of the industry.
EGO had an Average Return On Invested Capital over the past 3 years of 2.55%. This is significantly below the industry average of 8.89%.
The last Return On Invested Capital (4.21%) for EGO is above the 3 year average (2.55%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.29% | ||
| ROE | 4.73% | ||
| ROIC | 4.21% |
ROA(3y)-2.87%
ROA(5y)-0.95%
ROE(3y)-3.96%
ROE(5y)-1.33%
ROIC(3y)2.55%
ROIC(5y)2.63%
1.3 Margins
The Profit Margin of EGO (15.71%) is better than 89.10% of its industry peers.
In the last couple of years the Profit Margin of EGO has remained more or less at the same level.
With an excellent Operating Margin value of 24.12%, EGO belongs to the best of the industry, outperforming 83.97% of the companies in the same industry.
EGO's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 32.08%, EGO is doing good in the industry, outperforming 74.36% of the companies in the same industry.
EGO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.12% | ||
| PM (TTM) | 15.71% | ||
| GM | 32.08% |
OM growth 3Y-12.21%
OM growth 5YN/A
PM growth 3Y0.64%
PM growth 5YN/A
GM growth 3Y-6.55%
GM growth 5Y7.83%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EGO is destroying value.
EGO has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, EGO has more shares outstanding
Compared to 1 year ago, EGO has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.05, we must say that EGO is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.05, EGO is doing worse than 70.51% of the companies in the same industry.
EGO has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
EGO has a Debt to Equity ratio (0.21) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.05 |
ROIC/WACC0.43
WACC9.7%
2.3 Liquidity
A Current Ratio of 3.62 indicates that EGO has no problem at all paying its short term obligations.
EGO has a Current ratio of 3.62. This is in the better half of the industry: EGO outperforms 71.15% of its industry peers.
A Quick Ratio of 2.65 indicates that EGO has no problem at all paying its short term obligations.
EGO's Quick ratio of 2.65 is fine compared to the rest of the industry. EGO outperforms 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.62 | ||
| Quick Ratio | 2.65 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 133.33% over the past year.
The earnings per share for EGO have been decreasing by -15.19% on average. This is quite bad
The Revenue has grown by 25.28% in the past year. This is a very strong growth!
Measured over the past years, EGO shows a quite strong growth in Revenue. The Revenue has been growing by 17.05% on average per year.
EPS 1Y (TTM)133.33%
EPS 3Y-15.19%
EPS 5YN/A
EPS Q2Q%105.88%
Revenue 1Y (TTM)25.28%
Revenue growth 3Y-0.59%
Revenue growth 5Y17.05%
Sales Q2Q%35.27%
3.2 Future
EGO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 40.53% yearly.
EGO is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.38% yearly.
EPS Next Y141.32%
EPS Next 2Y74.6%
EPS Next 3Y65.6%
EPS Next 5Y40.53%
Revenue Next Year31.75%
Revenue Next 2Y29.98%
Revenue Next 3Y25.95%
Revenue Next 5Y20.38%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.76, which indicates a correct valuation of EGO.
Based on the Price/Earnings ratio, EGO is valued a bit cheaper than 78.85% of the companies in the same industry.
When comparing the Price/Earnings ratio of EGO to the average of the S&P500 Index (27.73), we can say EGO is valued rather cheaply.
The Price/Forward Earnings ratio is 8.17, which indicates a very decent valuation of EGO.
83.97% of the companies in the same industry are more expensive than EGO, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.83. EGO is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.76 | ||
| Fwd PE | 8.17 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EGO indicates a somewhat cheap valuation: EGO is cheaper than 75.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.24 |
4.3 Compensation for Growth
EGO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
EGO has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as EGO's earnings are expected to grow with 65.60% in the coming years.
PEG (NY)0.09
PEG (5Y)N/A
EPS Next 2Y74.6%
EPS Next 3Y65.6%
5. Dividend
5.1 Amount
No dividends for EGO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ELDORADO GOLD CORP
NYSE:EGO (12/20/2024, 8:06:44 PM)
After market: 15 -0.19 (-1.25%)15.19
+0.22 (+1.47%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners68.61%
Inst Owner Change0.9%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.11B
Analysts72.86
Price Target20.7 (36.27%)
Short Float %2.95%
Short Ratio4.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)-37.49%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)55.12%
Min EPS beat(2)30.69%
Max EPS beat(2)79.55%
EPS beat(4)4
Avg EPS beat(4)79.16%
Min EPS beat(4)30.69%
Max EPS beat(4)169.31%
EPS beat(8)7
Avg EPS beat(8)60.77%
EPS beat(12)9
Avg EPS beat(12)24.6%
EPS beat(16)11
Avg EPS beat(16)17.78%
Revenue beat(2)0
Avg Revenue beat(2)-9.14%
Min Revenue beat(2)-13.29%
Max Revenue beat(2)-5%
Revenue beat(4)1
Avg Revenue beat(4)-4.85%
Min Revenue beat(4)-13.29%
Max Revenue beat(4)6.13%
Revenue beat(8)1
Avg Revenue beat(8)-7.52%
Revenue beat(12)2
Avg Revenue beat(12)-7.95%
Revenue beat(16)3
Avg Revenue beat(16)-5.97%
PT rev (1m)5.16%
PT rev (3m)6.11%
EPS NQ rev (1m)-3.19%
EPS NQ rev (3m)-1.94%
EPS NY rev (1m)2.87%
EPS NY rev (3m)7.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.3%
Revenue NY rev (1m)0.76%
Revenue NY rev (3m)1.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.76 | ||
| Fwd PE | 8.17 | ||
| P/S | 2.82 | ||
| P/FCF | N/A | ||
| P/OCF | 6.56 | ||
| P/B | 0.85 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | 6.24 |
EPS(TTM)1.19
EY7.83%
EPS(NY)1.86
Fwd EY12.24%
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)2.32
OCFY15.25%
SpS5.39
BVpS17.91
TBVpS17.46
PEG (NY)0.09
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.29% | ||
| ROE | 4.73% | ||
| ROCE | 5.32% | ||
| ROIC | 4.21% | ||
| ROICexc | 4.77% | ||
| ROICexgc | 4.88% | ||
| OM | 24.12% | ||
| PM (TTM) | 15.71% | ||
| GM | 32.08% | ||
| FCFM | N/A |
ROA(3y)-2.87%
ROA(5y)-0.95%
ROE(3y)-3.96%
ROE(5y)-1.33%
ROIC(3y)2.55%
ROIC(5y)2.63%
ROICexc(3y)2.84%
ROICexc(5y)2.93%
ROICexgc(3y)2.91%
ROICexgc(5y)2.99%
ROCE(3y)3.23%
ROCE(5y)3.33%
ROICexcg growth 3Y-13.04%
ROICexcg growth 5YN/A
ROICexc growth 3Y-13.03%
ROICexc growth 5YN/A
OM growth 3Y-12.21%
OM growth 5YN/A
PM growth 3Y0.64%
PM growth 5YN/A
GM growth 3Y-6.55%
GM growth 5Y7.83%
F-Score6
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.46 | ||
| Cap/Depr | 197.3% | ||
| Cap/Sales | 45.02% | ||
| Interest Coverage | 12.29 | ||
| Cash Conversion | 91.59% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.62 | ||
| Quick Ratio | 2.65 | ||
| Altman-Z | 1.05 |
F-Score6
WACC9.7%
ROIC/WACC0.43
Cap/Depr(3y)136.89%
Cap/Depr(5y)125.1%
Cap/Sales(3y)34.36%
Cap/Sales(5y)31.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)133.33%
EPS 3Y-15.19%
EPS 5YN/A
EPS Q2Q%105.88%
EPS Next Y141.32%
EPS Next 2Y74.6%
EPS Next 3Y65.6%
EPS Next 5Y40.53%
Revenue 1Y (TTM)25.28%
Revenue growth 3Y-0.59%
Revenue growth 5Y17.05%
Sales Q2Q%35.27%
Revenue Next Year31.75%
Revenue Next 2Y29.98%
Revenue Next 3Y25.95%
Revenue Next 5Y20.38%
EBIT growth 1Y197.17%
EBIT growth 3Y-12.73%
EBIT growth 5YN/A
EBIT Next Year258.93%
EBIT Next 3Y86.97%
EBIT Next 5Y49.73%
FCF growth 1Y-4127.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y68.88%
OCF growth 3Y-3.49%
OCF growth 5Y41.47%