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ELDORADO GOLD CORP (EGO) Stock Fundamental Analysis

NYSE:EGO - New York Stock Exchange, Inc. - CA2849021035 - Common Stock - Currency: USD

13.41  -1.26 (-8.59%)

After market: 13.6 +0.19 (+1.42%)

Fundamental Rating

5

Overall EGO gets a fundamental rating of 5 out of 10. We evaluated EGO against 151 industry peers in the Metals & Mining industry. Both the profitability and the financial health of EGO get a neutral evaluation. Nothing too spectacular is happening here. EGO is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year EGO was profitable.
EGO had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: EGO reported negative net income in multiple years.
EGO had a positive operating cash flow in 4 of the past 5 years.
EGO Yearly Net Income VS EBIT VS OCF VS FCFEGO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -500M -1B -1.5B

1.2 Ratios

EGO has a Return On Assets of 3.29%. This is in the better half of the industry: EGO outperforms 69.93% of its industry peers.
EGO has a better Return On Equity (4.73%) than 68.53% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.21%, EGO is in line with its industry, outperforming 57.34% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for EGO is significantly below the industry average of 8.84%.
The 3 year average ROIC (2.55%) for EGO is below the current ROIC(4.21%), indicating increased profibility in the last year.
Industry RankSector 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%
EGO Yearly ROA, ROE, ROICEGO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -10 -20 -30 -40

1.3 Margins

Looking at the Profit Margin, with a value of 15.71%, EGO belongs to the top of the industry, outperforming 86.01% of the companies in the same industry.
EGO's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 24.12%, EGO belongs to the top of the industry, outperforming 83.22% of the companies in the same industry.
In the last couple of years the Operating Margin of EGO has declined.
Looking at the Gross Margin, with a value of 32.08%, EGO is in the better half of the industry, outperforming 73.43% of the companies in the same industry.
In the last couple of years the Gross Margin of EGO has grown nicely.
Industry RankSector 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%
EGO Yearly Profit, Operating, Gross MarginsEGO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -100 -200 -300

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4

2. Health

2.1 Basic Checks

EGO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
EGO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
EGO Yearly Shares OutstandingEGO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
EGO Yearly Total Debt VS Total AssetsEGO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.2 Solvency

EGO has an Altman-Z score of 0.93. This is a bad value and indicates that EGO is not financially healthy and even has some risk of bankruptcy.
EGO has a worse Altman-Z score (0.93) than 75.52% of its industry peers.
EGO has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of EGO (0.21) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF N/A
Altman-Z 0.93
ROIC/WACC0.45
WACC9.29%
EGO Yearly LT Debt VS Equity VS FCFEGO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 3.62 indicates that EGO has no problem at all paying its short term obligations.
EGO's Current ratio of 3.62 is fine compared to the rest of the industry. EGO outperforms 72.73% of its industry peers.
A Quick Ratio of 2.65 indicates that EGO has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.65, EGO is doing good in the industry, outperforming 71.33% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.62
Quick Ratio 2.65
EGO Yearly Current Assets VS Current LiabilitesEGO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 157.38% over the past year.
Measured over the past years, EGO shows a very strong growth in Earnings Per Share. The EPS has been growing by 92.11% on average per year.
EPS 1Y (TTM)157.38%
EPS 3Y34.87%
EPS 5Y92.11%
EPS Q2Q%158.33%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%43.3%

3.2 Future

Based on estimates for the next years, EGO will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.28% on average per year.
Based on estimates for the next years, EGO will show a quite strong growth in Revenue. The Revenue will grow by 13.01% on average per year.
EPS Next Y-3.46%
EPS Next 2Y22.63%
EPS Next 3Y23.39%
EPS Next 5Y13.28%
Revenue Next Year11.58%
Revenue Next 2Y16.84%
Revenue Next 3Y18.36%
Revenue Next 5Y13.01%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
EGO Yearly Revenue VS EstimatesEGO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B 2.5B
EGO Yearly EPS VS EstimatesEGO Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 8.54 indicates a reasonable valuation of EGO.
Based on the Price/Earnings ratio, EGO is valued cheaply inside the industry as 95.10% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of EGO to the average of the S&P500 Index (29.63), we can say EGO is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.85, the valuation of EGO can be described as very reasonable.
EGO's Price/Forward Earnings ratio is rather cheap when compared to the industry. EGO is cheaper than 83.92% of the companies in the same industry.
EGO is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.68, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.54
Fwd PE 8.85
EGO Price Earnings VS Forward Price EarningsEGO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, EGO is valued cheaper than 80.42% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 5.62
EGO Per share dataEGO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

The decent profitability rating of EGO may justify a higher PE ratio.
A more expensive valuation may be justified as EGO's earnings are expected to grow with 23.39% in the coming years.
PEG (NY)N/A
PEG (5Y)0.09
EPS Next 2Y22.63%
EPS Next 3Y23.39%

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0

5. Dividend

5.1 Amount

EGO does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ELDORADO GOLD CORP

NYSE:EGO (2/21/2025, 8:15:22 PM)

After market: 13.6 +0.19 (+1.42%)

13.41

-1.26 (-8.59%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-20 2025-02-20/amc
Earnings (Next)05-01 2025-05-01/amc
Inst Owners85.47%
Inst Owner Change-73.64%
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap2.75B
Analysts72.86
Price Target20.88 (55.7%)
Short Float %2.36%
Short Ratio3.34
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.07
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)1.74%
PT rev (3m)2.16%
EPS NQ rev (1m)-3.19%
EPS NQ rev (3m)-3.19%
EPS NY rev (1m)2.67%
EPS NY rev (3m)5.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.6%
Revenue NY rev (3m)1.59%
Valuation
Industry RankSector Rank
PE 8.54
Fwd PE 8.85
P/S 2.49
P/FCF N/A
P/OCF 5.79
P/B 0.75
P/tB 0.77
EV/EBITDA 5.62
EPS(TTM)1.57
EY11.71%
EPS(NY)1.52
Fwd EY11.3%
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)2.32
OCFY17.28%
SpS5.39
BVpS17.91
TBVpS17.45
PEG (NY)N/A
PEG (5Y)0.09
Profitability
Industry RankSector 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 RankSector 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 0.93
F-Score6
WACC9.29%
ROIC/WACC0.45
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)157.38%
EPS 3Y34.87%
EPS 5Y92.11%
EPS Q2Q%158.33%
EPS Next Y-3.46%
EPS Next 2Y22.63%
EPS Next 3Y23.39%
EPS Next 5Y13.28%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%43.3%
Revenue Next Year11.58%
Revenue Next 2Y16.84%
Revenue Next 3Y18.36%
Revenue Next 5Y13.01%
EBIT growth 1Y197.17%
EBIT growth 3Y-12.73%
EBIT growth 5YN/A
EBIT Next Year258.93%
EBIT Next 3Y86.97%
EBIT Next 5Y50.21%
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%