OCEANAGOLD CORP (OGC.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:OGC - CA6752224007 - Common Stock
50.59 CAD
+0.36 (+0.72%)
Taking everything into account, OGC scores 8 out of 10 in our fundamental rating. OGC was compared to 817 industry peers in the Metals & Mining industry. OGC scores excellent points on both the profitability and health parts. This is a solid base for a good stock. An interesting combination arises when we look at growth and value: OGC is growing strongly while it also seems undervalued. With these ratings, OGC could be worth investigating further for value and growth and quality investing!.
1. Profitability
1.1 Basic Checks
- In the past year OGC was profitable.
- In the past year OGC had a positive cash flow from operations.
- In multiple years OGC reported negative net income over the last 5 years.
- Each year in the past 5 years OGC had a positive operating cash flow.
1.2 Ratios
- OGC has a Return On Assets of 13.98%. This is amongst the best in the industry. OGC outperforms 95.35% of its industry peers.
- The Return On Equity of OGC (19.91%) is better than 95.72% of its industry peers.
- OGC has a better Return On Invested Capital (18.31%) than 97.80% of its industry peers.
- OGC had an Average Return On Invested Capital over the past 3 years of 7.57%. This is below the industry average of 11.97%.
- The last Return On Invested Capital (18.31%) for OGC is above the 3 year average (7.57%), which is a sign of increasing profitability.
| 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
- The Profit Margin of OGC (24.17%) is better than 94.98% of its industry peers.
- In the last couple of years the Profit Margin of OGC has grown nicely.
- The Operating Margin of OGC (35.97%) is better than 95.47% of its industry peers.
- OGC's Operating Margin has improved in the last couple of years.
- OGC's Gross Margin of 58.79% is amongst the best of the industry. OGC outperforms 96.82% of its industry peers.
- OGC's Gross Margin has improved in the last couple of years.
| 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
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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
- OGC has an Altman-Z score of 7.58. This indicates that OGC is financially healthy and has little risk of bankruptcy at the moment.
- With a Altman-Z score value of 7.58, OGC perfoms like the industry average, outperforming 58.75% of the companies in the same industry.
- The Debt to FCF ratio of OGC is 0.13, which is an excellent value as it means it would take OGC, only 0.13 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 0.13, OGC belongs to the best of the industry, outperforming 96.45% 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's Debt to Equity ratio of 0.01 is in line compared to the rest of the industry. OGC outperforms 45.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.13 | ||
| Altman-Z | 7.58 |
ROIC/WACC1.9
WACC9.63%
2.3 Liquidity
- OGC has a Current Ratio of 1.27. This is a normal value and indicates that OGC is financially healthy and should not expect problems in meeting its short term obligations.
- OGC has a Current ratio (1.27) which is in line with its industry peers.
- A Quick Ratio of 0.87 indicates that OGC may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.87, OGC is doing worse than 60.34% of the companies in the same industry.
- 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.
- The Earnings Per Share has been growing by 37.97% on average over the past years. This is a very strong growth
- Looking at the last year, OGC shows a very strong growth in Revenue. The Revenue has grown by 47.10%.
- OGC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.72% yearly.
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
- Based on estimates for the next years, OGC will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.25% on average per year.
- The Revenue is expected to grow by 21.47% on average over the next years. This is a very strong growth
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
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 21.62 indicates a rather expensive valuation of OGC.
- Based on the Price/Earnings ratio, OGC is valued cheaply inside the industry as 93.27% of the companies are valued more expensively.
- OGC is valuated rather cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
- OGC is valuated reasonably with a Price/Forward Earnings ratio of 8.61.
- OGC's Price/Forward Earnings ratio is rather cheap when compared to the industry. OGC is cheaper than 95.35% of the companies in the same industry.
- OGC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.62 | ||
| Fwd PE | 8.61 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, OGC is valued cheaply inside the industry as 96.45% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, OGC is valued cheaply inside the industry as 96.57% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.73 | ||
| EV/EBITDA | 9.35 |
4.3 Compensation for Growth
- The 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.
- OGC's earnings are expected to grow with 70.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.11
PEG (5Y)0.57
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 0.58, OGC pays a better dividend. On top of this OGC pays more dividend than 94.49% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, OGC's dividend is way lower than the S&P500 average.
| 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.