ELDORADO GOLD CORP (ELD.CA) Stock Fundamental Analysis
TSX:ELD - Toronto Stock Exchange - CA2849021035 - Common Stock - Currency: CAD
Taking everything into account, ELD scores 7 out of 10 in our fundamental rating. ELD was compared to 825 industry peers in the Metals & Mining industry. While ELD belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. ELD is growing strongly while it also seems undervalued. This is an interesting combination These ratings would make ELD suitable for value and growth investing!
1. Profitability
1.1 Basic Checks
ELD had positive earnings in the past year.
ELD had a positive operating cash flow in the past year.
In multiple years ELD reported negative net income over the last 5 years.
In the past 5 years ELD always reported a positive cash flow from operatings.
1.2 Ratios
ELD's Return On Assets of 4.95% is amongst the best of the industry. ELD outperforms 91.27% of its industry peers.
ELD's Return On Equity of 7.42% is amongst the best of the industry. ELD outperforms 91.03% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.18%, ELD belongs to the top of the industry, outperforming 92.48% of the companies in the same industry.
ELD had an Average Return On Invested Capital over the past 3 years of 2.90%. This is significantly below the industry average of 11.94%.
The last Return On Invested Capital (5.18%) for ELD is above the 3 year average (2.90%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.95% | ||
| ROE | 7.42% | ||
| ROIC | 5.18% |
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
ELD has a better Profit Margin (21.86%) than 96.97% of its industry peers.
In the last couple of years the Profit Margin of ELD has grown nicely.
ELD's Operating Margin of 31.77% is amongst the best of the industry. ELD outperforms 96.12% of its industry peers.
ELD's Operating Margin has improved in the last couple of years.
ELD has a better Gross Margin (38.33%) than 94.06% of its industry peers.
In the last couple of years the Gross Margin of ELD has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.77% | ||
| PM (TTM) | 21.86% | ||
| GM | 38.33% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ELD is destroying value.
Compared to 1 year ago, ELD has more shares outstanding
The number of shares outstanding for ELD has been increased compared to 5 years ago.
ELD has a worse debt/assets ratio than last year.
2.2 Solvency
ELD has an Altman-Z score of 1.08. This is a bad value and indicates that ELD is not financially healthy and even has some risk of bankruptcy.
ELD has a Altman-Z score of 1.08. This is comparable to the rest of the industry: ELD outperforms 53.21% of its industry peers.
The Debt to FCF ratio of ELD is 18.05, which is on the high side as it means it would take ELD, 18.05 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 18.05, ELD belongs to the top of the industry, outperforming 90.42% of the companies in the same industry.
A Debt/Equity ratio of 0.24 indicates that ELD is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.24, ELD is doing worse than 66.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 18.05 | ||
| Altman-Z | 1.08 |
ROIC/WACC0.6
WACC8.62%
2.3 Liquidity
ELD has a Current Ratio of 3.60. This indicates that ELD is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.60, ELD is in the better half of the industry, outperforming 69.45% of the companies in the same industry.
ELD has a Quick Ratio of 2.92. This indicates that ELD is financially healthy and has no problem in meeting its short term obligations.
ELD has a Quick ratio of 2.92. This is in the better half of the industry: ELD outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.6 | ||
| Quick Ratio | 2.92 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 157.38% over the past year.
The Earnings Per Share has been growing by 92.11% on average over the past years. This is a very strong growth
The Revenue has grown by 31.14% in the past year. This is a very strong growth!
ELD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.44% yearly.
EPS 1Y (TTM)157.38%
EPS 3Y34.87%
EPS 5Y92.11%
EPS Q2Q%158.33%
Revenue 1Y (TTM)31.14%
Revenue growth 3Y12.02%
Revenue growth 5Y16.44%
Sales Q2Q%43.3%
3.2 Future
The Earnings Per Share is expected to grow by 13.28% on average over the next years. This is quite good.
Based on estimates for the next years, ELD will show a quite strong growth in Revenue. The Revenue will grow by 13.20% on average per year.
EPS Next Y-3.46%
EPS Next 2Y22.63%
EPS Next 3Y23.39%
EPS Next 5Y13.28%
Revenue Next Year11.52%
Revenue Next 2Y24.18%
Revenue Next 3Y19.71%
Revenue Next 5Y13.2%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.25 indicates a reasonable valuation of ELD.
Based on the Price/Earnings ratio, ELD is valued cheaper than 94.06% of the companies in the same industry.
When comparing the Price/Earnings ratio of ELD to the average of the S&P500 Index (29.35), we can say ELD is valued rather cheaply.
The Price/Forward Earnings ratio is 9.58, which indicates a very decent valuation of ELD.
93.09% of the companies in the same industry are more expensive than ELD, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.10. ELD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.25 | ||
| Fwd PE | 9.58 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ELD is valued cheaply inside the industry as 95.64% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ELD is valued cheaply inside the industry as 91.39% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 57.77 | ||
| EV/EBITDA | 4.1 |
4.3 Compensation for Growth
The excellent profitability rating of ELD may justify a higher PE ratio.
A more expensive valuation may be justified as ELD's earnings are expected to grow with 23.39% in the coming years.
PEG (NY)N/A
PEG (5Y)0.1
EPS Next 2Y22.63%
EPS Next 3Y23.39%
5. Dividend
5.1 Amount
ELD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:ELD (3/7/2025, 7:00:00 PM)
20.82
+0.34 (+1.66%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners85.47%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap4.27B
Analysts72.86
Price Target26.81 (28.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.1
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)7.92%
Min EPS beat(2)1.55%
Max EPS beat(2)14.28%
EPS beat(4)4
Avg EPS beat(4)31.52%
Min EPS beat(4)1.55%
Max EPS beat(4)79.55%
EPS beat(8)8
Avg EPS beat(8)63.02%
EPS beat(12)9
Avg EPS beat(12)23.66%
EPS beat(16)12
Avg EPS beat(16)18.69%
Revenue beat(2)1
Avg Revenue beat(2)-4.4%
Min Revenue beat(2)-8.86%
Max Revenue beat(2)0.05%
Revenue beat(4)1
Avg Revenue beat(4)-6.77%
Min Revenue beat(4)-13.29%
Max Revenue beat(4)0.05%
Revenue beat(8)2
Avg Revenue beat(8)-5.53%
Revenue beat(12)2
Avg Revenue beat(12)-8.37%
Revenue beat(16)3
Avg Revenue beat(16)-6.79%
PT rev (1m)-10.67%
PT rev (3m)-7.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-15.48%
EPS NY rev (1m)-18.92%
EPS NY rev (3m)-18.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-10.94%
Revenue NY rev (3m)-13.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.25 | ||
| Fwd PE | 9.58 | ||
| P/S | 2.25 | ||
| P/FCF | 57.77 | ||
| P/OCF | 4.61 | ||
| P/B | 0.76 | ||
| P/tB | 0.78 | ||
| EV/EBITDA | 4.1 |
EPS(TTM)2.25
EY10.81%
EPS(NY)2.17
Fwd EY10.44%
FCF(TTM)0.36
FCFY1.73%
OCF(TTM)4.52
OCFY21.69%
SpS9.25
BVpS27.26
TBVpS26.61
PEG (NY)N/A
PEG (5Y)0.1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.95% | ||
| ROE | 7.42% | ||
| ROCE | 7.75% | ||
| ROIC | 5.18% | ||
| ROICexc | 6.35% | ||
| ROICexgc | 6.49% | ||
| OM | 31.77% | ||
| PM (TTM) | 21.86% | ||
| GM | 38.33% | ||
| FCFM | 3.9% |
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-Score7
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 18.05 | ||
| Debt/EBITDA | 1.37 | ||
| Cap/Depr | 233.01% | ||
| Cap/Sales | 44.92% | ||
| Interest Coverage | 21.11 | ||
| Cash Conversion | 95.62% | ||
| Profit Quality | 17.82% | ||
| Current Ratio | 3.6 | ||
| Quick Ratio | 2.92 | ||
| Altman-Z | 1.08 |
F-Score7
WACC8.62%
ROIC/WACC0.6
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)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)31.14%
Revenue growth 3Y12.02%
Revenue growth 5Y16.44%
Sales Q2Q%43.3%
Revenue Next Year11.52%
Revenue Next 2Y24.18%
Revenue Next 3Y19.71%
Revenue Next 5Y13.2%
EBIT growth 1Y139.13%
EBIT growth 3Y26.11%
EBIT growth 5Y49.86%
EBIT Next Year109.34%
EBIT Next 3Y44.15%
EBIT Next 5Y25.87%
FCF growth 1Y366.54%
FCF growth 3Y-13.74%
FCF growth 5YN/A
OCF growth 1Y68.78%
OCF growth 3Y21.23%
OCF growth 5Y31.25%