YAMANA GOLD INC (AUY) Stock Fundamental Analysis
NYSE:AUY - New York Stock Exchange, Inc. - CA98462Y1007 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to AUY. AUY was compared to 154 industry peers in the Metals & Mining industry. AUY has a medium profitability rating, but doesn't score so well on its financial health evaluation. AUY is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
AUY had positive earnings in the past year.
AUY had a positive operating cash flow in the past year.
In multiple years AUY reported negative net income over the last 5 years.
Each year in the past 5 years AUY had a positive operating cash flow.
1.2 Ratios
The profitability ratios for AUY are negative, so there is not much use analyzing them.
Looking at the Return On Invested Capital, with a value of 4.29%, AUY is in line with its industry, outperforming 58.22% of the companies in the same industry.
AUY had an Average Return On Invested Capital over the past 3 years of 5.16%. This is significantly below the industry average of 11.67%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | N/A | ||
| ROE | N/A | ||
| ROIC | 4.29% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)5.16%
ROIC(5y)N/A
1.3 Margins
Looking at the Operating Margin, with a value of 17.93%, AUY is in the better half of the industry, outperforming 71.92% of the companies in the same industry.
In the last couple of years the Operating Margin of AUY has grown nicely.
Looking at the Gross Margin, with a value of 56.94%, AUY belongs to the top of the industry, outperforming 89.73% of the companies in the same industry.
AUY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.93% | ||
| PM (TTM) | N/A | ||
| GM | 56.94% |
OM growth 3Y5.08%
OM growth 5Y11.32%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.44%
GM growth 5Y6.17%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AUY is destroying value.
Compared to 1 year ago, AUY has about the same amount of shares outstanding.
The debt/assets ratio for AUY is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.60, we must say that AUY is in the distress zone and has some risk of bankruptcy.
AUY has a worse Altman-Z score (0.60) than 81.51% of its industry peers.
The Debt to FCF ratio of AUY is 36.55, which is on the high side as it means it would take AUY, 36.55 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 36.55, AUY is in the better half of the industry, outperforming 60.27% of the companies in the same industry.
A Debt/Equity ratio of 0.25 indicates that AUY is not too dependend on debt financing.
The Debt to Equity ratio of AUY (0.25) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 36.55 | ||
| Altman-Z | 0.6 |
ROIC/WACC0.41
WACC10.41%
2.3 Liquidity
A Current Ratio of 1.44 indicates that AUY should not have too much problems paying its short term obligations.
AUY's Current ratio of 1.44 is on the low side compared to the rest of the industry. AUY is outperformed by 84.93% of its industry peers.
AUY has a Quick Ratio of 1.00. This is a normal value and indicates that AUY is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.00, AUY is not doing good in the industry: 76.71% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.44 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
AUY shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.23%.
AUY shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 37.97% yearly.
AUY shows a decrease in Revenue. In the last year, the revenue decreased by -0.45%.
The Revenue has been growing slightly by 0.04% on average over the past years.
EPS 1Y (TTM)-3.23%
EPS 3Y44.23%
EPS 5Y37.97%
EPS Q2Q%-30%
Revenue 1Y (TTM)-0.45%
Revenue growth 3Y3.88%
Revenue growth 5Y0.04%
Sales Q2Q%-9.23%
3.2 Future
Based on estimates for the next years, AUY will show a very negative growth in Earnings Per Share. The EPS will decrease by -44.78% on average per year.
The Revenue is expected to decrease by -3.15% on average over the next years.
EPS Next Y-9.36%
EPS Next 2Y-5.84%
EPS Next 3Y-44.78%
EPS Next 5YN/A
Revenue Next Year-0.27%
Revenue Next 2Y-0.71%
Revenue Next 3Y-3.15%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.50 indicates a rather expensive valuation of AUY.
67.12% of the companies in the same industry are more expensive than AUY, based on the Price/Earnings ratio.
AUY's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.41.
Based on the Price/Forward Earnings ratio of 21.51, the valuation of AUY can be described as rather expensive.
Based on the Price/Forward Earnings ratio, AUY is valued a bit cheaper than 61.64% of the companies in the same industry.
AUY is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 35.19, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.5 | ||
| Fwd PE | 21.51 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AUY is valued a bit cheaper than 65.75% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as AUY.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 241.58 | ||
| EV/EBITDA | 7.69 |
4.3 Compensation for Growth
AUY's earnings are expected to decrease with -44.78% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.51
EPS Next 2Y-5.84%
EPS Next 3Y-44.78%
5. Dividend
5.1 Amount
AUY has a Yearly Dividend Yield of 1.26%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.90, AUY pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, AUY's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.26% |
5.2 History
AUY has paid a dividend for at least 10 years, which is a reliable track record.
As AUY did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years6
5.3 Sustainability
AUY has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-11.67%
EPS Next 2Y-5.84%
EPS Next 3Y-44.78%
5.85
-0.04 (-0.68%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners0.03%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.63B
Analysts73.33
Price Target6.48 (10.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.26% |
Yearly Dividend0.3
Dividend Growth(5Y)N/A
DP-11.67%
Div Incr Years4
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.14%
Min EPS beat(2)16.48%
Max EPS beat(2)21.8%
EPS beat(4)4
Avg EPS beat(4)24.88%
Min EPS beat(4)16.48%
Max EPS beat(4)36.78%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2.48%
Min Revenue beat(2)-2.82%
Max Revenue beat(2)-2.13%
Revenue beat(4)1
Avg Revenue beat(4)-1.46%
Min Revenue beat(4)-4.44%
Max Revenue beat(4)3.55%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)32.11%
PT rev (3m)42.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)15.63%
EPS NY rev (1m)0%
EPS NY rev (3m)18.6%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.5 | ||
| Fwd PE | 21.51 | ||
| P/S | 3.11 | ||
| P/FCF | 241.58 | ||
| P/OCF | 10.66 | ||
| P/B | 1.72 | ||
| P/tB | 1.95 | ||
| EV/EBITDA | 7.69 |
EPS(TTM)0.3
EY5.13%
EPS(NY)0.27
Fwd EY4.65%
FCF(TTM)0.02
FCFY0.41%
OCF(TTM)0.55
OCFY9.38%
SpS1.88
BVpS3.41
TBVpS3.01
PEG (NY)N/A
PEG (5Y)0.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | N/A | ||
| ROE | N/A | ||
| ROCE | N/A | ||
| ROIC | 4.29% | ||
| ROICexc | 4.59% | ||
| ROICexgc | 4.93% | ||
| OM | 17.93% | ||
| PM (TTM) | N/A | ||
| GM | 56.94% | ||
| FCFM | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)5.16%
ROIC(5y)N/A
ROICexc(3y)4.86%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y15.46%
ROICexcg growth 5Y19.42%
ROICexc growth 3Y15.08%
ROICexc growth 5Y19.12%
OM growth 3Y5.08%
OM growth 5Y11.32%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.44%
GM growth 5Y6.17%
F-Score3
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 36.55 | ||
| Debt/EBITDA | 1.08 | ||
| Cap/Depr | 108.14% | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.44 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 0.6 |
F-Score3
WACC10.41%
ROIC/WACC0.41
Cap/Depr(3y)87.77%
Cap/Depr(5y)87.12%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.23%
EPS 3Y44.23%
EPS 5Y37.97%
EPS Q2Q%-30%
EPS Next Y-9.36%
EPS Next 2Y-5.84%
EPS Next 3Y-44.78%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.45%
Revenue growth 3Y3.88%
Revenue growth 5Y0.04%
Sales Q2Q%-9.23%
Revenue Next Year-0.27%
Revenue Next 2Y-0.71%
Revenue Next 3Y-3.15%
Revenue Next 5YN/A
EBIT growth 1Y-37.38%
EBIT growth 3Y9.16%
EBIT growth 5Y11.36%
EBIT Next Year131.94%
EBIT Next 3Y19.93%
EBIT Next 5YN/A
FCF growth 1Y-93.49%
FCF growth 3Y-50.33%
FCF growth 5YN/A
OCF growth 1Y-28.86%
OCF growth 3Y0.4%
OCF growth 5Y2.03%