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SANDSTORM GOLD LTD (SAND) Stock Fundamental Analysis

NYSE:SAND - New York Stock Exchange, Inc. - CA80013R2063 - Common Stock - Currency: USD

5.98  -0.21 (-3.39%)

After market: 5.94 -0.04 (-0.67%)

Fundamental Rating

5

SAND gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 150 industry peers in the Metals & Mining industry. SAND scores excellent on profitability, but there are some minor concerns on its financial health. SAND has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year SAND was profitable.
In the past year SAND had a positive cash flow from operations.
Of the past 5 years SAND 4 years were profitable.
Of the past 5 years SAND 4 years had a positive operating cash flow.
SAND Yearly Net Income VS EBIT VS OCF VS FCFSAND Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -200M -400M

1.2 Ratios

The Return On Assets of SAND (1.89%) is better than 62.94% of its industry peers.
SAND's Return On Equity of 2.47% is fine compared to the rest of the industry. SAND outperforms 60.84% of its industry peers.
SAND has a Return On Invested Capital (3.34%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for SAND is significantly below the industry average of 8.84%.
Industry RankSector Rank
ROA 1.89%
ROE 2.47%
ROIC 3.34%
ROA(3y)3.53%
ROA(5y)3.07%
ROE(3y)4.37%
ROE(5y)3.63%
ROIC(3y)3.82%
ROIC(5y)3.74%
SAND Yearly ROA, ROE, ROICSAND Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 -10

1.3 Margins

SAND's Profit Margin of 20.46% is amongst the best of the industry. SAND outperforms 90.91% of its industry peers.
In the last couple of years the Profit Margin of SAND has grown nicely.
The Operating Margin of SAND (39.77%) is better than 94.41% of its industry peers.
In the last couple of years the Operating Margin of SAND has grown nicely.
Looking at the Gross Margin, with a value of 51.03%, SAND belongs to the top of the industry, outperforming 88.81% of the companies in the same industry.
SAND's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 39.77%
PM (TTM) 20.46%
GM 51.03%
OM growth 3Y-0.57%
OM growth 5Y7.94%
PM growth 3Y16.1%
PM growth 5Y23.57%
GM growth 3Y-2.32%
GM growth 5Y3.68%
SAND Yearly Profit, Operating, Gross MarginsSAND Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 -60 -80

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6

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SAND is destroying value.
SAND has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
SAND Yearly Shares OutstandingSAND Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
SAND Yearly Total Debt VS Total AssetsSAND Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

An Altman-Z score of 2.81 indicates that SAND is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of SAND (2.81) is comparable to the rest of the industry.
SAND has a debt to FCF ratio of 3.10. This is a good value and a sign of high solvency as SAND would need 3.10 years to pay back of all of its debts.
SAND has a Debt to FCF ratio of 3.10. This is in the better half of the industry: SAND outperforms 76.22% of its industry peers.
SAND has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
SAND's Debt to Equity ratio of 0.26 is in line compared to the rest of the industry. SAND outperforms 41.26% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 3.1
Altman-Z 2.81
ROIC/WACC0.33
WACC10%
SAND Yearly LT Debt VS Equity VS FCFSAND Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M 1B

2.3 Liquidity

A Current Ratio of 2.29 indicates that SAND has no problem at all paying its short term obligations.
SAND has a Current ratio of 2.29. This is comparable to the rest of the industry: SAND outperforms 52.45% of its industry peers.
SAND has a Quick Ratio of 2.29. This indicates that SAND is financially healthy and has no problem in meeting its short term obligations.
SAND's Quick ratio of 2.29 is fine compared to the rest of the industry. SAND outperforms 67.13% of its industry peers.
Industry RankSector Rank
Current Ratio 2.29
Quick Ratio 2.29
SAND Yearly Current Assets VS Current LiabilitesSAND Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M

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3

3. Growth

3.1 Past

SAND shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -72.22%.
SAND shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.51% yearly.
EPS 1Y (TTM)-72.22%
EPS 3Y-25.31%
EPS 5Y-6.51%
EPS Q2Q%-87.5%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.52%

3.2 Future

The Earnings Per Share is expected to grow by 73.64% on average over the next years. This is a very strong growth
SAND is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.09% yearly.
EPS Next Y286.75%
EPS Next 2Y113.43%
EPS Next 3Y73.15%
EPS Next 5Y73.64%
Revenue Next Year20.7%
Revenue Next 2Y12.09%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
SAND Yearly Revenue VS EstimatesSAND Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 50M 100M 150M 200M
SAND Yearly EPS VS EstimatesSAND Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.2 -0.2 0.4

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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 119.60, which means the current valuation is very expensive for SAND.
SAND's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of SAND to the average of the S&P500 Index (29.63), we can say SAND is valued expensively.
With a Price/Forward Earnings ratio of 30.92, SAND can be considered very expensive at the moment.
SAND's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of SAND to the average of the S&P500 Index (22.68), we can say SAND is valued slightly more expensively.
Industry RankSector Rank
PE 119.6
Fwd PE 30.92
SAND Price Earnings VS Forward Price EarningsSAND Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

SAND's Enterprise Value to EBITDA is on the same level as the industry average.
SAND's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SAND is cheaper than 84.62% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.51
EV/EBITDA 16.17
SAND Per share dataSAND EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

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.
The decent profitability rating of SAND may justify a higher PE ratio.
A more expensive valuation may be justified as SAND's earnings are expected to grow with 73.15% in the coming years.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y113.43%
EPS Next 3Y73.15%

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2

5. Dividend

5.1 Amount

With a yearly dividend of 0.91%, SAND is not a good candidate for dividend investing.
SAND's Dividend Yield is a higher than the industry average which is at 3.16.
With a Dividend Yield of 0.91, SAND pays less dividend than the S&P500 average, which is at 2.29.
Industry RankSector Rank
Dividend Yield 0.91%

5.2 History

SAND has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
SAND Yearly Dividends per shareSAND Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 0.02 0.04 0.06 0.08 0.1

5.3 Sustainability

SAND pays out 49.17% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP49.17%
EPS Next 2Y113.43%
EPS Next 3Y73.15%
SAND Yearly Income VS Free CF VS DividendSAND Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -200M -400M
SAND Dividend Payout.SAND Dividend Payout, showing the Payout Ratio.SAND Dividend Payout.PayoutRetained Earnings

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SANDSTORM GOLD LTD

NYSE:SAND (2/21/2025, 8:04:00 PM)

After market: 5.94 -0.04 (-0.67%)

5.98

-0.21 (-3.39%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-18 2025-02-18/amc
Earnings (Next)04-30 2025-04-30/amc
Inst Owners54.09%
Inst Owner Change3.52%
Ins Owners1.08%
Ins Owner ChangeN/A
Market Cap1.77B
Analysts78.33
Price Target7.63 (27.59%)
Short Float %0.64%
Short Ratio0.36
Dividend
Industry RankSector Rank
Dividend Yield 0.91%
Yearly Dividend0.06
Dividend Growth(5Y)N/A
DP49.17%
Div Incr Years1
Div Non Decr Years1
Ex-Date01-21 2025-01-21 (0.02)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.08%
Min EPS beat(2)-38.54%
Max EPS beat(2)40.71%
EPS beat(4)2
Avg EPS beat(4)24.8%
Min EPS beat(4)-199.01%
Max EPS beat(4)296.04%
EPS beat(8)3
Avg EPS beat(8)-6.56%
EPS beat(12)5
Avg EPS beat(12)21.77%
EPS beat(16)5
Avg EPS beat(16)6.71%
Revenue beat(2)0
Avg Revenue beat(2)-0.76%
Min Revenue beat(2)-1.44%
Max Revenue beat(2)-0.09%
Revenue beat(4)2
Avg Revenue beat(4)0.95%
Min Revenue beat(4)-1.44%
Max Revenue beat(4)4.66%
Revenue beat(8)3
Avg Revenue beat(8)-0.34%
Revenue beat(12)5
Avg Revenue beat(12)-0.18%
Revenue beat(16)6
Avg Revenue beat(16)-1.75%
PT rev (1m)0.98%
PT rev (3m)1.69%
EPS NQ rev (1m)-3.1%
EPS NQ rev (3m)-7.15%
EPS NY rev (1m)3.46%
EPS NY rev (3m)-6.82%
Revenue NQ rev (1m)-9.62%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.29%
Revenue NY rev (3m)-1.8%
Valuation
Industry RankSector Rank
PE 119.6
Fwd PE 30.92
P/S 10.22
P/FCF 14.51
P/OCF 12.84
P/B 1.24
P/tB 1.24
EV/EBITDA 16.17
EPS(TTM)0.05
EY0.84%
EPS(NY)0.19
Fwd EY3.23%
FCF(TTM)0.41
FCFY6.89%
OCF(TTM)0.47
OCFY7.79%
SpS0.58
BVpS4.84
TBVpS4.84
PEG (NY)0.42
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.89%
ROE 2.47%
ROCE 3.7%
ROIC 3.34%
ROICexc 3.37%
ROICexgc 3.37%
OM 39.77%
PM (TTM) 20.46%
GM 51.03%
FCFM 70.45%
ROA(3y)3.53%
ROA(5y)3.07%
ROE(3y)4.37%
ROE(5y)3.63%
ROIC(3y)3.82%
ROIC(5y)3.74%
ROICexc(3y)3.9%
ROICexc(5y)4%
ROICexgc(3y)3.9%
ROICexgc(5y)4%
ROCE(3y)4.23%
ROCE(5y)4.15%
ROICexcg growth 3Y-18.79%
ROICexcg growth 5Y1.51%
ROICexc growth 3Y-18.79%
ROICexc growth 5Y1.51%
OM growth 3Y-0.57%
OM growth 5Y7.94%
PM growth 3Y16.1%
PM growth 5Y23.57%
GM growth 3Y-2.32%
GM growth 5Y3.68%
F-Score9
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 3.1
Debt/EBITDA 2.8
Cap/Depr 23.96%
Cap/Sales 9.15%
Interest Coverage 1.95
Cash Conversion 102.1%
Profit Quality 344.38%
Current Ratio 2.29
Quick Ratio 2.29
Altman-Z 2.81
F-Score9
WACC10%
ROIC/WACC0.33
Cap/Depr(3y)493.55%
Cap/Depr(5y)330.22%
Cap/Sales(3y)187.35%
Cap/Sales(5y)126.88%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-72.22%
EPS 3Y-25.31%
EPS 5Y-6.51%
EPS Q2Q%-87.5%
EPS Next Y286.75%
EPS Next 2Y113.43%
EPS Next 3Y73.15%
EPS Next 5Y73.64%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.52%
Revenue Next Year20.7%
Revenue Next 2Y12.09%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y2.03%
EBIT growth 3Y23.83%
EBIT growth 5Y29.17%
EBIT Next Year110.23%
EBIT Next 3Y35.37%
EBIT Next 5Y30.9%
FCF growth 1Y126.87%
FCF growth 3Y28.51%
FCF growth 5Y141.64%
OCF growth 1Y37.74%
OCF growth 3Y32.54%
OCF growth 5Y26.26%