OCEANAGOLD CORP (OGC.CA) Stock Fundamental Analysis
TSX:OGC - Toronto Stock Exchange - CA6752221037 - Common Stock - Currency: CAD
OGC gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 820 industry peers in the Metals & Mining industry. OGC has an excellent profitability rating, but there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on OGC. This makes OGC very considerable for value 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.
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
Looking at the Return On Assets, with a value of 2.58%, OGC belongs to the top of the industry, outperforming 88.51% of the companies in the same industry.
With an excellent Return On Equity value of 3.71%, OGC belongs to the best of the industry, outperforming 88.92% of the companies in the same industry.
OGC has a better Return On Invested Capital (4.96%) than 92.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for OGC is significantly below the industry average of 11.94%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.58% | ||
| ROE | 3.71% | ||
| ROIC | 4.96% |
ROA(3y)3.01%
ROA(5y)0.61%
ROE(3y)4.16%
ROE(5y)0.76%
ROIC(3y)6.31%
ROIC(5y)N/A
1.3 Margins
OGC has a Profit Margin of 5.86%. This is amongst the best in the industry. OGC outperforms 91.62% of its industry peers.
OGC's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 13.13%, OGC belongs to the top of the industry, outperforming 90.81% of the companies in the same industry.
OGC's Operating Margin has declined in the last couple of years.
OGC's Gross Margin of 47.86% is amongst the best of the industry. OGC outperforms 95.41% of its industry peers.
In the last couple of years the Gross Margin of OGC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.13% | ||
| PM (TTM) | 5.86% | ||
| GM | 47.86% |
OM growth 3YN/A
OM growth 5Y-3.17%
PM growth 3YN/A
PM growth 5Y-12.46%
GM growth 3Y4.31%
GM growth 5Y-0.98%
2. Health
2.1 Basic Checks
OGC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, OGC has more shares outstanding
The number of shares outstanding for OGC has been increased compared to 5 years ago.
OGC has a better debt/assets ratio than last year.
2.2 Solvency
OGC has an Altman-Z score of 2.49. This is not the best score and indicates that OGC is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.49, OGC is in line with its industry, outperforming 56.08% of the companies in the same industry.
OGC has a debt to FCF ratio of 2.03. This is a good value and a sign of high solvency as OGC would need 2.03 years to pay back of all of its debts.
OGC's Debt to FCF ratio of 2.03 is amongst the best of the industry. OGC outperforms 93.24% of its industry peers.
A Debt/Equity ratio of 0.07 indicates that OGC is not too dependend on debt financing.
OGC has a Debt to Equity ratio of 0.07. This is in the lower half of the industry: OGC underperforms 66.08% of its industry peers.
Even though the debt/equity ratio score it not favorable for OGC, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 2.03 | ||
| Altman-Z | 2.49 |
ROIC/WACC0.52
WACC9.56%
2.3 Liquidity
OGC has a Current Ratio of 1.38. 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 (1.38) which is in line with its industry peers.
A Quick Ratio of 0.62 indicates that OGC may have some problems paying its short term obligations.
The Quick ratio of OGC (0.62) is worse than 69.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.38 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
OGC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -52.63%.
OGC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.59% yearly.
The Revenue has grown by 13.70% in the past year. This is quite good.
Measured over the past years, OGC shows a small growth in Revenue. The Revenue has been growing by 5.85% on average per year.
EPS 1Y (TTM)-52.63%
EPS 3YN/A
EPS 5Y-8.59%
EPS Q2Q%1161.13%
Revenue 1Y (TTM)13.7%
Revenue growth 3Y27.08%
Revenue growth 5Y5.85%
Sales Q2Q%61.23%
3.2 Future
The Earnings Per Share is expected to grow by 28.11% on average over the next years. This is a very strong growth
Based on estimates for the next years, OGC will show a small growth in Revenue. The Revenue will grow by 2.88% on average per year.
EPS Next Y136.87%
EPS Next 2Y91.01%
EPS Next 3Y66.43%
EPS Next 5Y28.11%
Revenue Next Year28.45%
Revenue Next 2Y21.85%
Revenue Next 3Y19.46%
Revenue Next 5Y2.88%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 30.77, the valuation of OGC can be described as expensive.
OGC's Price/Earnings ratio is rather cheap when compared to the industry. OGC is cheaper than 88.11% of the companies in the same industry.
OGC's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 29.63.
With a Price/Forward Earnings ratio of 6.44, the valuation of OGC can be described as very cheap.
Based on the Price/Forward Earnings ratio, OGC is valued cheaper than 95.41% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.68. OGC is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.77 | ||
| Fwd PE | 6.44 |
4.2 Price Multiples
95.14% of the companies in the same industry are more expensive than OGC, based on the Enterprise Value to EBITDA ratio.
OGC's Price/Free Cash Flow ratio is rather cheap when compared to the industry. OGC is cheaper than 92.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.39 | ||
| EV/EBITDA | 4.54 |
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 a very decent 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 66.43% in the coming years.
PEG (NY)0.22
PEG (5Y)N/A
EPS Next 2Y91.01%
EPS Next 3Y66.43%
5. Dividend
5.1 Amount
With a yearly dividend of 0.66%, OGC is not a good candidate for dividend investing.
OGC's Dividend Yield is rather good when compared to the industry average which is at 7.55. OGC pays more dividend than 94.73% of the companies in the same industry.
With a Dividend Yield of 0.66, OGC pays less dividend than the S&P500 average, which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
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 recently.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
OGC pays out 21.23% of its income as dividend. This is a sustainable payout ratio.
DP21.23%
EPS Next 2Y91.01%
EPS Next 3Y66.43%
TSX:OGC (2/21/2025, 7:00:00 PM)
4
-0.14 (-3.38%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners55.09%
Inst Owner ChangeN/A
Ins Owners0.23%
Ins Owner ChangeN/A
Market Cap2.83B
Analysts81.54
Price Target6.07 (51.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP21.23%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.63%
Min EPS beat(2)-25.04%
Max EPS beat(2)-2.21%
EPS beat(4)0
Avg EPS beat(4)-88.68%
Min EPS beat(4)-172.96%
Max EPS beat(4)-2.21%
EPS beat(8)3
Avg EPS beat(8)-9.25%
EPS beat(12)5
Avg EPS beat(12)-30.74%
EPS beat(16)8
Avg EPS beat(16)-35.63%
Revenue beat(2)0
Avg Revenue beat(2)-9.66%
Min Revenue beat(2)-10.53%
Max Revenue beat(2)-8.78%
Revenue beat(4)1
Avg Revenue beat(4)-6.01%
Min Revenue beat(4)-12.83%
Max Revenue beat(4)8.11%
Revenue beat(8)4
Avg Revenue beat(8)-0.19%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2%
PT rev (3m)7.64%
EPS NQ rev (1m)-4.02%
EPS NQ rev (3m)-5.3%
EPS NY rev (1m)-6.19%
EPS NY rev (3m)3.47%
Revenue NQ rev (1m)15.32%
Revenue NQ rev (3m)15.32%
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)-0.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.77 | ||
| Fwd PE | 6.44 | ||
| P/S | 1.76 | ||
| P/FCF | 24.39 | ||
| P/OCF | 4.51 | ||
| P/B | 1.12 | ||
| P/tB | 1.12 | ||
| EV/EBITDA | 4.54 |
EPS(TTM)0.13
EY3.25%
EPS(NY)0.62
Fwd EY15.54%
FCF(TTM)0.16
FCFY4.1%
OCF(TTM)0.89
OCFY22.18%
SpS2.27
BVpS3.58
TBVpS3.58
PEG (NY)0.22
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.58% | ||
| ROE | 3.71% | ||
| ROCE | 6.63% | ||
| ROIC | 4.96% | ||
| ROICexc | 5.34% | ||
| ROICexgc | 5.34% | ||
| OM | 13.13% | ||
| PM (TTM) | 5.86% | ||
| GM | 47.86% | ||
| FCFM | 7.21% |
ROA(3y)3.01%
ROA(5y)0.61%
ROE(3y)4.16%
ROE(5y)0.76%
ROIC(3y)6.31%
ROIC(5y)N/A
ROICexc(3y)6.6%
ROICexc(5y)N/A
ROICexgc(3y)6.6%
ROICexgc(5y)N/A
ROCE(3y)8.43%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-1.11%
ROICexc growth 3YN/A
ROICexc growth 5Y-1.11%
OM growth 3YN/A
OM growth 5Y-3.17%
PM growth 3YN/A
PM growth 5Y-12.46%
GM growth 3Y4.31%
GM growth 5Y-0.98%
F-Score6
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 2.03 | ||
| Debt/EBITDA | 0.29 | ||
| Cap/Depr | 123.35% | ||
| Cap/Sales | 31.82% | ||
| Interest Coverage | 10.79 | ||
| Cash Conversion | 100.27% | ||
| Profit Quality | 123.19% | ||
| Current Ratio | 1.38 | ||
| Quick Ratio | 0.62 | ||
| Altman-Z | 2.49 |
F-Score6
WACC9.56%
ROIC/WACC0.52
Cap/Depr(3y)155.28%
Cap/Depr(5y)149.89%
Cap/Sales(3y)35.6%
Cap/Sales(5y)38.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-52.63%
EPS 3YN/A
EPS 5Y-8.59%
EPS Q2Q%1161.13%
EPS Next Y136.87%
EPS Next 2Y91.01%
EPS Next 3Y66.43%
EPS Next 5Y28.11%
Revenue 1Y (TTM)13.7%
Revenue growth 3Y27.08%
Revenue growth 5Y5.85%
Sales Q2Q%61.23%
Revenue Next Year28.45%
Revenue Next 2Y21.85%
Revenue Next 3Y19.46%
Revenue Next 5Y2.88%
EBIT growth 1Y-26.58%
EBIT growth 3YN/A
EBIT growth 5Y2.49%
EBIT Next Year218.91%
EBIT Next 3Y68.36%
EBIT Next 5Y31.54%
FCF growth 1Y-60.57%
FCF growth 3YN/A
FCF growth 5Y-22.45%
OCF growth 1Y4.2%
OCF growth 3Y24.56%
OCF growth 5Y2.1%