OCEANAGOLD CORP (OGC.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:OGC - CA6752224007 - Common Stock
50.23 CAD
+1.78 (+3.67%)
Overall OGC gets a fundamental rating of 8 out of 10. We evaluated OGC against 817 industry peers in the Metals & Mining industry. OGC gets an excellent profitability rating and is at the same time showing great financial health properties. OGC is evaluated to be cheap and growing strongly. This does not happen too often! With these ratings, OGC could be worth investigating further for value and growth and quality investing!.
1. Profitability
1.1 Basic Checks
- OGC had positive earnings in the past year.
- In the past year OGC had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: OGC reported negative net income in multiple years.
- Each year in the past 5 years OGC had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 13.98%, OGC belongs to the top of the industry, outperforming 95.35% of the companies in the same industry.
- OGC has a Return On Equity of 19.91%. This is amongst the best in the industry. OGC outperforms 95.72% of its industry peers.
- With an excellent Return On Invested Capital value of 18.31%, OGC belongs to the best of the industry, outperforming 97.80% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for OGC 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
- OGC has a Profit Margin of 24.17%. This is amongst the best in the industry. OGC outperforms 94.98% of its industry peers.
- In the last couple of years the Profit Margin of OGC has grown nicely.
- OGC has a better Operating Margin (35.97%) than 95.47% of its industry peers.
- In the last couple of years the Operating Margin of OGC has grown nicely.
- With an excellent Gross Margin value of 58.79%, OGC belongs to the best of the industry, outperforming 96.82% of the companies in the same industry.
- 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
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so OGC is creating value.
- OGC has less shares outstanding than it did 1 year ago.
- OGC has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, OGC has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 7.52 indicates that OGC is not in any danger for bankruptcy at the moment.
- OGC's Altman-Z score of 7.52 is in line compared to the rest of the industry. OGC outperforms 58.75% of its industry peers.
- 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.
- OGC has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
- OGC has a Debt to Equity ratio (0.01) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.13 | ||
| Altman-Z | 7.52 |
ROIC/WACC1.9
WACC9.63%
2.3 Liquidity
- A Current Ratio of 1.27 indicates that OGC should not have too much problems paying its short term obligations.
- The Current ratio of OGC (1.27) is comparable to the rest of the industry.
- A Quick Ratio of 0.87 indicates that OGC may have some problems paying its short term obligations.
- OGC's Quick ratio of 0.87 is on the low side compared to the rest of the industry. OGC is outperformed by 60.34% of its industry peers.
- OGC does not score too well on the current and quick ratio evaluation. However, as it has 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
- The Earnings Per Share has grown by an impressive 529.63% over the past year.
- OGC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 37.97% yearly.
- OGC shows a strong growth in Revenue. In the last year, the Revenue has grown by 47.10%.
- The Revenue has been growing by 14.72% on average over the past years. This is quite good.
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.
- 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
- 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
- With a Price/Earnings ratio of 21.37, OGC is valued on the expensive side.
- Compared to the rest of the industry, the Price/Earnings ratio of OGC indicates a rather cheap valuation: OGC is cheaper than 93.27% of the companies listed in the same industry.
- OGC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.21.
- With a Price/Forward Earnings ratio of 8.52, the valuation of OGC can be described as very reasonable.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of OGC indicates a rather cheap valuation: OGC is cheaper than 95.35% of the companies listed 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 | 21.37 | ||
| Fwd PE | 8.52 |
4.2 Price Multiples
- 96.45% of the companies in the same industry are more expensive than OGC, based on the Enterprise Value to EBITDA ratio.
- 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 | 19.51 | ||
| EV/EBITDA | 9.25 |
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.
- The excellent profitability rating of OGC 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)0.56
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 0.64, 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 1.82, 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.
- OGC has decreased its dividend 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.