OCEANAGOLD CORP (OGC.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:OGC - CA6752224007 - Common Stock
50.59 CAD
+0.36 (+0.72%)
OGC gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 820 industry peers in the Metals & Mining industry. OGC has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. OGC is evaluated to be cheap and growing strongly. This does not happen too often! This makes OGC very considerable 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.
- The reported net income has been mixed in the past 5 years: OGC reported negative net income in multiple years.
- OGC had a positive operating cash flow in each of the past 5 years.
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.
- Looking at the Return On Equity, with a value of 19.91%, OGC belongs to the top of the industry, outperforming 95.72% of the companies in the same industry.
- OGC's Return On Invested Capital of 18.31% is amongst the best of the industry. OGC outperforms 97.67% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for OGC is below the industry average of 12.04%.
- 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
- With an excellent Profit Margin value of 24.17%, OGC belongs to the best of the industry, outperforming 94.98% 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 95.47% of the companies in the same industry.
- OGC's Operating Margin has improved in the last couple of years.
- OGC has a Gross Margin of 58.79%. This is amongst the best in the industry. OGC outperforms 96.82% 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
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), OGC is creating value.
- OGC has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for OGC has been reduced compared to 5 years ago.
- The debt/assets ratio for OGC has been reduced compared to a year ago.
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.
- OGC's Altman-Z score of 7.58 is in line compared to the rest of the industry. OGC outperforms 58.63% 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.
- Looking at the Debt to FCF ratio, with a value of 0.13, OGC belongs to the top 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 has a Debt to Equity ratio of 0.01. This is comparable 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
- 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 (1.27) which is comparable to the rest of the industry.
- OGC has a Quick Ratio of 1.27. This is a bad value and indicates that OGC is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Quick ratio value of 0.87, OGC is not doing good in the industry: 60.34% of the companies in the same industry are doing better.
- 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
- 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.
- 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
- 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
- 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
- With a Price/Earnings ratio of 21.62, OGC is valued on the expensive side.
- Based on the Price/Earnings ratio, OGC is valued cheaper than 93.39% of the companies 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.
- OGC is valuated reasonably with a Price/Forward Earnings ratio of 8.61.
- 94.98% of the companies in the same industry are more expensive than OGC, based on the Price/Forward Earnings ratio.
- OGC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.98.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.62 | ||
| Fwd PE | 8.61 |
4.2 Price Multiples
- OGC's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. OGC is cheaper than 96.45% of the companies in the same industry.
- 96.57% of the companies in the same industry are more expensive than OGC, based on the Price/Free Cash Flow ratio.
| 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.
- 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)0.57
EPS Next 2Y138.55%
EPS Next 3Y70.19%
5. Dividend
5.1 Amount
- OGC has a yearly dividend return of 0.06%, which is pretty low.
- OGC's Dividend Yield is rather good when compared to the industry average which is at 0.56. OGC pays more dividend than 94.25% of the companies in the same industry.
- With a Dividend Yield of 0.06, OGC pays less dividend than the S&P500 average, which is at 1.81.
| 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.