SANDSTORM GOLD LTD (SAND) Stock Fundamental Analysis
NYSE:SAND - New York Stock Exchange, Inc. - CA80013R2063 - Common Stock - Currency: USD
Taking everything into account, SAND scores 5 out of 10 in our fundamental rating. SAND was compared to 154 industry peers in the Metals & Mining industry. While SAND has a great profitability rating, there are some minor concerns on its financial health. SAND has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
SAND had positive earnings in the past year.
SAND had a positive operating cash flow in the past year.
SAND had positive earnings in each of the past 5 years.
SAND had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.59%, SAND is in the better half of the industry, outperforming 64.94% of the companies in the same industry.
The Return On Equity of SAND (2.06%) is better than 61.04% of its industry peers.
The Return On Invested Capital of SAND (3.22%) 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 11.67%.
The last Return On Invested Capital (3.22%) for SAND is above the 3 year average (2.26%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.59% | ||
| ROE | 2.06% | ||
| ROIC | 3.22% |
ROA(3y)2.3%
ROA(5y)2.69%
ROE(3y)3.15%
ROE(5y)3.26%
ROIC(3y)2.26%
ROIC(5y)3.1%
1.3 Margins
SAND's Profit Margin of 15.80% is amongst the best of the industry. SAND outperforms 85.06% of its industry peers.
SAND's Profit Margin has declined in the last couple of years.
SAND has a Operating Margin of 44.16%. This is amongst the best in the industry. SAND outperforms 94.81% of its industry peers.
In the last couple of years the Operating Margin of SAND has grown nicely.
SAND has a better Gross Margin (57.03%) than 90.26% of its industry peers.
In the last couple of years the Gross Margin of SAND has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.16% | ||
| PM (TTM) | 15.8% | ||
| GM | 57.03% |
OM growth 3Y2.28%
OM growth 5Y14.11%
PM growth 3Y-30.37%
PM growth 5Y-15.07%
GM growth 3Y0.14%
GM growth 5Y7.89%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SAND is destroying value.
Compared to 1 year ago, SAND has less shares outstanding
The number of shares outstanding for SAND has been increased compared to 5 years ago.
The debt/assets ratio for SAND has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.37 indicates that SAND is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.37, SAND is in the better half of the industry, outperforming 72.08% of the companies in the same industry.
The Debt to FCF ratio of SAND is 2.54, which is a good value as it means it would take SAND, 2.54 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 2.54, SAND is doing good in the industry, outperforming 79.22% of the companies in the same industry.
A Debt/Equity ratio of 0.24 indicates that SAND is not too dependend on debt financing.
SAND has a Debt to Equity ratio of 0.24. This is comparable to the rest of the industry: SAND outperforms 44.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 2.54 | ||
| Altman-Z | 4.37 |
ROIC/WACC0.4
WACC8.01%
2.3 Liquidity
A Current Ratio of 1.77 indicates that SAND should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.77, SAND is doing worse than 63.64% of the companies in the same industry.
SAND has a Quick Ratio of 1.77. This is a normal value and indicates that SAND is financially healthy and should not expect problems in meeting its short term obligations.
SAND's Quick ratio of 1.77 is in line compared to the rest of the industry. SAND outperforms 55.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.77 |
3. Growth
3.1 Past
SAND shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.00%, which is quite impressive.
SAND shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.51% yearly.
SAND shows a small growth in Revenue. In the last year, the Revenue has grown by 2.84%.
SAND shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.54% yearly.
EPS 1Y (TTM)25%
EPS 3Y-25.31%
EPS 5Y-6.51%
EPS Q2Q%500%
Revenue 1Y (TTM)2.84%
Revenue growth 3Y15.34%
Revenue growth 5Y14.54%
Sales Q2Q%16.94%
3.2 Future
SAND is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 56.04% yearly.
SAND is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.91% yearly.
EPS Next Y251.48%
EPS Next 2Y114.37%
EPS Next 3Y71.11%
EPS Next 5Y56.04%
Revenue Next Year15.57%
Revenue Next 2Y13.07%
Revenue Next 3Y6.88%
Revenue Next 5Y3.91%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 96.30, 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 (27.45), we can say SAND is valued expensively.
A Price/Forward Earnings ratio of 41.91 indicates a quite expensive valuation of SAND.
The rest of the industry has a similar Price/Forward Earnings ratio as SAND.
SAND is valuated expensively when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 96.3 | ||
| Fwd PE | 41.91 |
4.2 Price Multiples
SAND's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SAND indicates a rather cheap valuation: SAND is cheaper than 80.52% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.06 | ||
| EV/EBITDA | 21.89 |
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.
SAND's earnings are expected to grow with 71.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.38
PEG (5Y)N/A
EPS Next 2Y114.37%
EPS Next 3Y71.11%
5. Dividend
5.1 Amount
SAND has a yearly dividend return of 0.63%, which is pretty low.
Compared to an average industry Dividend Yield of 2.98, SAND pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.63, SAND pays less dividend than the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.63% |
5.2 History
SAND has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
59.13% of the earnings are spent on dividend by SAND. This is a bit on the high side, but may be sustainable.
DP59.13%
EPS Next 2Y114.37%
EPS Next 3Y71.11%
9.63
+0.21 (+2.23%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners56.68%
Inst Owner Change-22.99%
Ins Owners1.09%
Ins Owner ChangeN/A
Market Cap2.82B
Analysts78.33
Price Target10.46 (8.62%)
Short Float %1.61%
Short Ratio0.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.63% |
Yearly Dividend0.06
Dividend Growth(5Y)N/A
DP59.13%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-43.06%
Min EPS beat(2)-75.25%
Max EPS beat(2)-10.88%
EPS beat(4)1
Avg EPS beat(4)-20.99%
Min EPS beat(4)-75.25%
Max EPS beat(4)40.71%
EPS beat(8)2
Avg EPS beat(8)-16.77%
EPS beat(12)5
Avg EPS beat(12)16.49%
EPS beat(16)5
Avg EPS beat(16)5.04%
Revenue beat(2)1
Avg Revenue beat(2)0.47%
Min Revenue beat(2)-0.15%
Max Revenue beat(2)1.09%
Revenue beat(4)1
Avg Revenue beat(4)-0.14%
Min Revenue beat(4)-1.44%
Max Revenue beat(4)1.09%
Revenue beat(8)4
Avg Revenue beat(8)1.06%
Revenue beat(12)5
Avg Revenue beat(12)-0.22%
Revenue beat(16)6
Avg Revenue beat(16)-1.71%
PT rev (1m)12.87%
PT rev (3m)36.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)12%
EPS NY rev (1m)0%
EPS NY rev (3m)5.07%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 96.3 | ||
| Fwd PE | 41.91 | ||
| P/S | 15.38 | ||
| P/FCF | 21.06 | ||
| P/OCF | 19.65 | ||
| P/B | 2.01 | ||
| P/tB | 2.01 | ||
| EV/EBITDA | 21.89 |
EPS(TTM)0.1
EY1.04%
EPS(NY)0.23
Fwd EY2.39%
FCF(TTM)0.46
FCFY4.75%
OCF(TTM)0.49
OCFY5.09%
SpS0.63
BVpS4.8
TBVpS4.8
PEG (NY)0.38
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.59% | ||
| ROE | 2.06% | ||
| ROCE | 4.49% | ||
| ROIC | 3.22% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 3.24% | ||
| OM | 44.16% | ||
| PM (TTM) | 15.8% | ||
| GM | 57.03% | ||
| FCFM | 73.03% |
ROA(3y)2.3%
ROA(5y)2.69%
ROE(3y)3.15%
ROE(5y)3.26%
ROIC(3y)2.26%
ROIC(5y)3.1%
ROICexc(3y)2.28%
ROICexc(5y)3.3%
ROICexgc(3y)2.28%
ROICexgc(5y)3.3%
ROCE(3y)3.15%
ROCE(5y)4.33%
ROICexcg growth 3Y-18.66%
ROICexcg growth 5Y4.72%
ROICexc growth 3Y-18.66%
ROICexc growth 5Y4.72%
OM growth 3Y2.28%
OM growth 5Y14.11%
PM growth 3Y-30.37%
PM growth 5Y-15.07%
GM growth 3Y0.14%
GM growth 5Y7.89%
F-Score8
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 2.54 | ||
| Debt/EBITDA | 2.42 | ||
| Cap/Depr | 16.19% | ||
| Cap/Sales | 5.27% | ||
| Interest Coverage | 2.69 | ||
| Cash Conversion | 102.1% | ||
| Profit Quality | 462.34% | ||
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.77 | ||
| Altman-Z | 4.37 |
F-Score8
WACC8.01%
ROIC/WACC0.4
Cap/Depr(3y)359.89%
Cap/Depr(5y)302.38%
Cap/Sales(3y)145.51%
Cap/Sales(5y)114.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)25%
EPS 3Y-25.31%
EPS 5Y-6.51%
EPS Q2Q%500%
EPS Next Y251.48%
EPS Next 2Y114.37%
EPS Next 3Y71.11%
EPS Next 5Y56.04%
Revenue 1Y (TTM)2.84%
Revenue growth 3Y15.34%
Revenue growth 5Y14.54%
Sales Q2Q%16.94%
Revenue Next Year15.57%
Revenue Next 2Y13.07%
Revenue Next 3Y6.88%
Revenue Next 5Y3.91%
EBIT growth 1Y30.4%
EBIT growth 3Y17.96%
EBIT growth 5Y30.71%
EBIT Next Year73.35%
EBIT Next 3Y25.98%
EBIT Next 5Y22.11%
FCF growth 1Y126.99%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y15.53%
OCF growth 3Y18.62%
OCF growth 5Y18.76%