OCEANAGOLD CORP (OGC.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:OGC - CA6752224007 - Common Stock
50.93 CAD
-0.96 (-1.85%)
Overall OGC gets a fundamental rating of 8 out of 10. We evaluated OGC against 820 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making OGC a very profitable company, without any liquidiy or solvency issues. OGC is evaluated to be cheap and growing strongly. This does not happen too often! These ratings could make OGC a good candidate for value and growth and quality investing.
1. Profitability
1.1 Basic Checks
- In the past year OGC was profitable.
- OGC had a positive operating cash flow in the past year.
- In multiple years OGC reported negative net income over the last 5 years.
- In the past 5 years OGC always reported a positive cash flow from operatings.
1.2 Ratios
- With an excellent Return On Assets value of 13.98%, OGC belongs to the best of the industry, outperforming 95.24% of the companies in the same industry.
- OGC's Return On Equity of 19.91% is amongst the best of the industry. OGC outperforms 95.73% of its industry peers.
- OGC's Return On Invested Capital of 18.31% is amongst the best of the industry. OGC outperforms 97.68% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for OGC is below the industry average of 12.04%.
- The 3 year average ROIC (7.57%) for OGC is below the current ROIC(18.31%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.98% | ||
| ROE | 19.91% | ||
| ROIC | 18.31% |
ROA(3y)5.57%
ROA(5y)1.98%
ROE(3y)7.67%
ROE(5y)2.63%
ROIC(3y)7.57%
ROIC(5y)N/A
1.3 Margins
- With an excellent Profit Margin value of 24.17%, OGC belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
- OGC's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 35.97%, OGC belongs to the top of the industry, outperforming 95.49% of the companies in the same industry.
- OGC's Operating Margin has improved in the last couple of years.
- OGC has a better Gross Margin (58.79%) than 96.83% of its industry peers.
- In the last couple of years the Gross Margin of OGC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.97% | ||
| PM (TTM) | 24.17% | ||
| GM | 58.79% |
OM growth 3Y2.46%
OM growth 5Y25.14%
PM growth 3YN/A
PM growth 5Y45.42%
GM growth 3Y-1.73%
GM growth 5Y3.73%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so OGC is creating value.
- Compared to 1 year ago, OGC has less shares outstanding
- OGC has less shares outstanding than it did 5 years ago.
- OGC has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 7.66 indicates that OGC is not in any danger for bankruptcy at the moment.
- The Altman-Z score of OGC (7.66) is comparable to the rest of the industry.
- OGC has a debt to FCF ratio of 0.13. This is a very positive value and a sign of high solvency as it would only need 0.13 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 0.13, OGC belongs to the top of the industry, outperforming 96.34% of the companies in the same industry.
- A Debt/Equity ratio of 0.01 indicates that OGC is not too dependend on debt financing.
- OGC has a Debt to Equity ratio of 0.01. This is comparable to the rest of the industry: OGC outperforms 45.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.13 | ||
| Altman-Z | 7.66 |
ROIC/WACC1.87
WACC9.8%
2.3 Liquidity
- A Current Ratio of 1.27 indicates that OGC should not have too much problems paying its short term obligations.
- OGC has a Current ratio of 1.27. This is comparable to the rest of the industry: OGC outperforms 45.12% of its industry peers.
- A Quick Ratio of 0.87 indicates that OGC may have some problems paying its short term obligations.
- The Quick ratio of OGC (0.87) is worse than 60.24% of its industry peers.
- The current and quick ratio evaluation for OGC is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.27 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
- OGC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 529.63%, which is quite impressive.
- Measured over the past years, OGC shows a very strong growth in Earnings Per Share. The EPS has been growing by 37.97% on average per year.
- Looking at the last year, OGC shows a very strong growth in Revenue. The Revenue has grown by 47.10%.
- Measured over the past years, OGC shows a quite strong growth in Revenue. The Revenue has been growing by 14.72% on average per year.
EPS 1Y (TTM)529.63%
EPS 3Y21.32%
EPS 5Y37.97%
EPS Q2Q%54.17%
Revenue 1Y (TTM)47.1%
Revenue growth 3Y20.22%
Revenue growth 5Y14.72%
Sales Q2Q%29.92%
3.2 Future
- The Earnings Per Share is expected to grow by 15.25% on average over the next years. This is quite good.
- Based on estimates for the next years, OGC will show a very strong growth in Revenue. The Revenue will grow by 21.47% on average per year.
EPS Next Y196.52%
EPS Next 2Y138.55%
EPS Next 3Y70.19%
EPS Next 5Y15.25%
Revenue Next Year40.87%
Revenue Next 2Y39.58%
Revenue Next 3Y21.47%
Revenue Next 5YN/A
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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 21.86, the valuation of OGC can be described as rather expensive.
- Based on the Price/Earnings ratio, OGC is valued cheaply inside the industry as 93.66% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of OGC to the average of the S&P500 Index (28.82), we can say OGC is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 8.72, the valuation of OGC can be described as reasonable.
- Based on the Price/Forward Earnings ratio, OGC is valued cheaper than 95.24% of the companies in the same industry.
- OGC is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.95, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.86 | ||
| Fwd PE | 8.72 |
4.2 Price Multiples
- OGC's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. OGC is cheaper than 96.46% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of OGC indicates a rather cheap valuation: OGC is cheaper than 96.59% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.98 | ||
| EV/EBITDA | 9.48 |
4.3 Compensation for Growth
- OGC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- OGC has an outstanding profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as OGC's earnings are expected to grow with 70.19% in the coming years.
PEG (NY)0.11
PEG (5Y)0.58
EPS Next 2Y138.55%
EPS Next 3Y70.19%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.06%, OGC is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 0.56, OGC pays a better dividend. On top of this OGC pays more dividend than 94.27% of the companies listed in the same industry.
- With a Dividend Yield of 0.06, OGC pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.06% |
5.2 History
- OGC has been paying a dividend for over 5 years, so it has already some track record.
- The dividend of OGC decreased in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
- OGC pays out 6.95% of its income as dividend. This is a sustainable payout ratio.
DP6.95%
EPS Next 2Y138.55%
EPS Next 3Y70.19%
OCEANAGOLD CORP / OGC.CA FAQ
What is the ChartMill fundamental rating of OCEANAGOLD CORP (OGC.CA) stock?
ChartMill assigns a fundamental rating of 8 / 10 to OGC.CA.
Can you provide the valuation status for OCEANAGOLD CORP?
ChartMill assigns a valuation rating of 9 / 10 to OCEANAGOLD CORP (OGC.CA). This can be considered as Undervalued.
Can you provide the profitability details for OCEANAGOLD CORP?
OCEANAGOLD CORP (OGC.CA) has a profitability rating of 8 / 10.
Can you provide the financial health for OGC stock?
The financial health rating of OCEANAGOLD CORP (OGC.CA) is 7 / 10.
What is the expected EPS growth for OCEANAGOLD CORP (OGC.CA) stock?
The Earnings per Share (EPS) of OCEANAGOLD CORP (OGC.CA) is expected to grow by 196.52% in the next year.