ELDORADO GOLD CORP (EGO) Stock Fundamental Analysis
USA - NYSE:EGO - CA2849021035 - Common Stock
27.02 USD
-0.23 (-0.84%)
26.8192 USD
-0.2 (-0.74%)
We assign a fundamental rating of 6 out of 10 to EGO. EGO was compared to 156 industry peers in the Metals & Mining industry. While EGO belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. An interesting combination arises when we look at growth and value: EGO is growing strongly while it also seems undervalued.
1. Profitability
1.1 Basic Checks
In the past year EGO was profitable.
EGO had a positive operating cash flow in the past year.
In multiple years EGO reported negative net income over the last 5 years.
EGO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
EGO has a Return On Assets of 5.50%. This is in the better half of the industry: EGO outperforms 76.28% of its industry peers.
The Return On Equity of EGO (8.20%) is better than 73.08% of its industry peers.
EGO's Return On Invested Capital of 5.89% is fine compared to the rest of the industry. EGO outperforms 66.03% of its industry peers.
The Average Return On Invested Capital over the past 3 years for EGO is significantly below the industry average of 12.92%.
The last Return On Invested Capital (5.89%) for EGO is above the 3 year average (2.90%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 8.2% | ||
| ROIC | 5.89% |
ROA(3y)-0.29%
ROA(5y)-0.3%
ROE(3y)-0.22%
ROE(5y)-0.31%
ROIC(3y)2.9%
ROIC(5y)3.1%
1.3 Margins
EGO has a better Profit Margin (23.06%) than 89.74% of its industry peers.
EGO's Profit Margin has improved in the last couple of years.
EGO has a better Operating Margin (33.97%) than 86.54% of its industry peers.
EGO's Operating Margin has improved in the last couple of years.
The Gross Margin of EGO (40.37%) is better than 76.92% of its industry peers.
In the last couple of years the Gross Margin of EGO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.97% | ||
| PM (TTM) | 23.06% | ||
| GM | 40.37% |
OM growth 3Y12.58%
OM growth 5Y28.7%
PM growth 3YN/A
PM growth 5Y10.88%
GM growth 3Y7.51%
GM growth 5Y12.76%
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.
The number of shares outstanding for EGO has been increased compared to 1 year ago.
EGO has more shares outstanding than it did 5 years ago.
EGO has a worse debt/assets ratio than last year.
2.2 Solvency
EGO has an Altman-Z score of 1.91. This is not the best score and indicates that EGO is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of EGO (1.91) is worse than 66.67% of its industry peers.
EGO has a debt to FCF ratio of 16.62. This is a negative value and a sign of low solvency as EGO would need 16.62 years to pay back of all of its debts.
With a Debt to FCF ratio value of 16.62, EGO perfoms like the industry average, outperforming 58.97% of the companies in the same industry.
EGO has a Debt/Equity ratio of 0.24. This is a healthy value indicating a solid balance between debt and equity.
EGO has a Debt to Equity ratio (0.24) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 16.62 | ||
| Altman-Z | 1.91 |
ROIC/WACC0.69
WACC8.48%
2.3 Liquidity
A Current Ratio of 3.12 indicates that EGO has no problem at all paying its short term obligations.
EGO's Current ratio of 3.12 is fine compared to the rest of the industry. EGO outperforms 63.46% of its industry peers.
EGO has a Quick Ratio of 2.53. This indicates that EGO is financially healthy and has no problem in meeting its short term obligations.
EGO has a better Quick ratio (2.53) than 67.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.12 | ||
| Quick Ratio | 2.53 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 56.44% over the past year.
The Earnings Per Share has been growing by 89.34% on average over the past years. This is a very strong growth
Looking at the last year, EGO shows a very strong growth in Revenue. The Revenue has grown by 42.56%.
Measured over the past years, EGO shows a quite strong growth in Revenue. The Revenue has been growing by 16.44% on average per year.
EPS 1Y (TTM)56.44%
EPS 3Y31.64%
EPS 5Y89.34%
EPS Q2Q%33.33%
Revenue 1Y (TTM)42.56%
Revenue growth 3Y12.02%
Revenue growth 5Y16.44%
Sales Q2Q%52.02%
3.2 Future
The Earnings Per Share is expected to grow by 15.18% on average over the next years. This is quite good.
The Revenue is expected to grow by 13.20% on average over the next years. This is quite good.
EPS Next Y16.74%
EPS Next 2Y50.45%
EPS Next 3Y33.69%
EPS Next 5Y15.18%
Revenue Next Year11.75%
Revenue Next 2Y34.63%
Revenue Next 3Y16.78%
Revenue Next 5Y13.2%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
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
EGO is valuated rather expensively with a Price/Earnings ratio of 17.10.
EGO's Price/Earnings ratio is rather cheap when compared to the industry. EGO is cheaper than 85.26% of the companies in the same industry.
EGO is valuated rather cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 8.18 indicates a reasonable valuation of EGO.
Based on the Price/Forward Earnings ratio, EGO is valued cheaply inside the industry as 89.74% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, EGO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.1 | ||
| Fwd PE | 8.18 |
4.2 Price Multiples
EGO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. EGO is cheaper than 78.85% of the companies in the same industry.
60.26% of the companies in the same industry are more expensive than EGO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 96.23 | ||
| EV/EBITDA | 8.67 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of EGO may justify a higher PE ratio.
EGO's earnings are expected to grow with 33.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.02
PEG (5Y)0.19
EPS Next 2Y50.45%
EPS Next 3Y33.69%
5. Dividend
5.1 Amount
EGO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
27.02
-0.23 (-0.84%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners85.38%
Inst Owner Change-7.83%
Ins Owners0.37%
Ins Owner ChangeN/A
Market Cap5.49B
Analysts72.31
Price Target26.05 (-3.59%)
Short Float %1.15%
Short Ratio1.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.89%
Min EPS beat(2)-6.25%
Max EPS beat(2)4.47%
EPS beat(4)3
Avg EPS beat(4)7.62%
Min EPS beat(4)-6.25%
Max EPS beat(4)30.69%
EPS beat(8)7
Avg EPS beat(8)40.84%
EPS beat(12)9
Avg EPS beat(12)38.41%
EPS beat(16)12
Avg EPS beat(16)19.75%
Revenue beat(2)1
Avg Revenue beat(2)1.96%
Min Revenue beat(2)-0.02%
Max Revenue beat(2)3.93%
Revenue beat(4)1
Avg Revenue beat(4)-2.49%
Min Revenue beat(4)-8.86%
Max Revenue beat(4)3.93%
Revenue beat(8)2
Avg Revenue beat(8)-4.75%
Revenue beat(12)2
Avg Revenue beat(12)-6.74%
Revenue beat(16)3
Avg Revenue beat(16)-6.47%
PT rev (1m)-2.98%
PT rev (3m)14.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)26.32%
EPS NY rev (1m)6.87%
EPS NY rev (3m)6.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.09%
Revenue NY rev (1m)-6.78%
Revenue NY rev (3m)-2.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.1 | ||
| Fwd PE | 8.18 | ||
| P/S | 3.87 | ||
| P/FCF | 96.23 | ||
| P/OCF | 7.97 | ||
| P/B | 1.38 | ||
| P/tB | 1.41 | ||
| EV/EBITDA | 8.67 |
EPS(TTM)1.58
EY5.85%
EPS(NY)3.3
Fwd EY12.23%
FCF(TTM)0.28
FCFY1.04%
OCF(TTM)3.39
OCFY12.54%
SpS6.99
BVpS19.65
TBVpS19.19
PEG (NY)1.02
PEG (5Y)0.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 8.2% | ||
| ROCE | 8.8% | ||
| ROIC | 5.89% | ||
| ROICexc | 5.89% | ||
| ROICexgc | 5.99% | ||
| OM | 33.97% | ||
| PM (TTM) | 23.06% | ||
| GM | 40.37% | ||
| FCFM | 4.02% |
ROA(3y)-0.29%
ROA(5y)-0.3%
ROE(3y)-0.22%
ROE(5y)-0.31%
ROIC(3y)2.9%
ROIC(5y)3.1%
ROICexc(3y)3.42%
ROICexc(5y)3.57%
ROICexgc(3y)3.5%
ROICexgc(5y)3.65%
ROCE(3y)4.33%
ROCE(5y)4.63%
ROICexcg growth 3Y24.28%
ROICexcg growth 5Y48.55%
ROICexc growth 3Y24.32%
ROICexc growth 5Y48.58%
OM growth 3Y12.58%
OM growth 5Y28.7%
PM growth 3YN/A
PM growth 5Y10.88%
GM growth 3Y7.51%
GM growth 5Y12.76%
F-Score6
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 16.62 | ||
| Debt/EBITDA | 1.27 | ||
| Cap/Depr | 242.37% | ||
| Cap/Sales | 44.49% | ||
| Interest Coverage | 24.1 | ||
| Cash Conversion | 92.7% | ||
| Profit Quality | 17.42% | ||
| Current Ratio | 3.12 | ||
| Quick Ratio | 2.53 | ||
| Altman-Z | 1.91 |
F-Score6
WACC8.48%
ROIC/WACC0.69
Cap/Depr(3y)168.21%
Cap/Depr(5y)144.08%
Cap/Sales(3y)39.34%
Cap/Sales(5y)33.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)56.44%
EPS 3Y31.64%
EPS 5Y89.34%
EPS Q2Q%33.33%
EPS Next Y16.74%
EPS Next 2Y50.45%
EPS Next 3Y33.69%
EPS Next 5Y15.18%
Revenue 1Y (TTM)42.56%
Revenue growth 3Y12.02%
Revenue growth 5Y16.44%
Sales Q2Q%52.02%
Revenue Next Year11.75%
Revenue Next 2Y34.63%
Revenue Next 3Y16.78%
Revenue Next 5Y13.2%
EBIT growth 1Y137.8%
EBIT growth 3Y26.11%
EBIT growth 5Y49.86%
EBIT Next Year86.25%
EBIT Next 3Y47.77%
EBIT Next 5Y21.52%
FCF growth 1Y160.63%
FCF growth 3Y-13.74%
FCF growth 5YN/A
OCF growth 1Y218.81%
OCF growth 3Y21.23%
OCF growth 5Y31.25%