4.33 USD
+0.16 (+3.84%)
4.3393 USD
+0.01 (+0.21%)
We assign a fundamental rating of 6 out of 10 to BTG. BTG was compared to 153 industry peers in the Metals & Mining industry. BTG scores excellent on profitability, but there are concerns on its financial health. BTG is evaluated to be cheap and growing strongly. This does not happen too often! BTG also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
BTG had positive earnings in the past year.
In the past year BTG had a positive cash flow from operations.
Of the past 5 years BTG 4 years were profitable.
In the past 5 years BTG always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of BTG (3.85%) is better than 71.24% of its industry peers.
BTG has a better Return On Equity (6.60%) than 67.97% of its industry peers.
The Return On Invested Capital of BTG (17.29%) is better than 92.81% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BTG is in line with the industry average of 13.09%.
The last Return On Invested Capital (17.29%) for BTG is above the 3 year average (11.55%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.85% | ||
| ROE | 6.6% | ||
| ROIC | 17.29% |
ROA(3y)-2%
ROA(5y)4.89%
ROE(3y)-4.15%
ROE(5y)5.33%
ROIC(3y)11.55%
ROIC(5y)14.74%
1.3 Margins
BTG has a better Profit Margin (8.75%) than 75.16% of its industry peers.
The Operating Margin of BTG (40.66%) is better than 91.50% of its industry peers.
BTG's Operating Margin has been stable in the last couple of years.
BTG's Gross Margin of 46.01% is amongst the best of the industry. BTG outperforms 82.35% of its industry peers.
In the last couple of years the Gross Margin of BTG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 40.66% | ||
| PM (TTM) | 8.75% | ||
| GM | 46.01% |
OM growth 3Y-7.12%
OM growth 5Y-0.62%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.22%
GM growth 5Y-0.97%
2. Health
2.1 Basic Checks
BTG has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for BTG has been increased compared to 1 year ago.
The number of shares outstanding for BTG has been increased compared to 5 years ago.
BTG has a worse debt/assets ratio than last year.
2.2 Solvency
BTG has an Altman-Z score of 2.35. This is not the best score and indicates that BTG 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 2.35, BTG is doing worse than 60.78% of the companies in the same industry.
BTG has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
BTG has a Debt to Equity ratio (0.18) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.35 |
ROIC/WACC2.04
WACC8.49%
2.3 Liquidity
A Current Ratio of 1.03 indicates that BTG should not have too much problems paying its short term obligations.
BTG's Current ratio of 1.03 is on the low side compared to the rest of the industry. BTG is outperformed by 83.01% of its industry peers.
A Quick Ratio of 0.46 indicates that BTG may have some problems paying its short term obligations.
The Quick ratio of BTG (0.46) is worse than 90.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.46 |
3. Growth
3.1 Past
BTG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 71.43%, which is quite impressive.
The Earnings Per Share has been decreasing by -9.71% on average over the past years.
BTG shows a strong growth in Revenue. In the last year, the Revenue has grown by 30.97%.
Measured over the past years, BTG shows a quite strong growth in Revenue. The Revenue has been growing by 10.48% on average per year.
EPS 1Y (TTM)71.43%
EPS 3Y-25.99%
EPS 5Y-9.71%
EPS Q2Q%600%
Revenue 1Y (TTM)30.97%
Revenue growth 3Y2.58%
Revenue growth 5Y10.48%
Sales Q2Q%74.68%
3.2 Future
Based on estimates for the next years, BTG will show a very strong growth in Earnings Per Share. The EPS will grow by 43.86% on average per year.
Based on estimates for the next years, BTG will show a quite strong growth in Revenue. The Revenue will grow by 17.03% on average per year.
EPS Next Y283.19%
EPS Next 2Y110.23%
EPS Next 3Y75.94%
EPS Next 5Y43.86%
Revenue Next Year67.89%
Revenue Next 2Y39.8%
Revenue Next 3Y25.35%
Revenue Next 5Y17.03%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.03, which indicates a correct valuation of BTG.
Based on the Price/Earnings ratio, BTG is valued cheaply inside the industry as 94.77% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.98, BTG is valued rather cheaply.
A Price/Forward Earnings ratio of 6.53 indicates a rather cheap valuation of BTG.
94.77% of the companies in the same industry are more expensive than BTG, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of BTG to the average of the S&P500 Index (35.79), we can say BTG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.03 | ||
| Fwd PE | 6.53 |
4.2 Price Multiples
BTG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BTG is cheaper than 97.39% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.09 |
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 BTG may justify a higher PE ratio.
A more expensive valuation may be justified as BTG's earnings are expected to grow with 75.94% in the coming years.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y110.23%
EPS Next 3Y75.94%
5. Dividend
5.1 Amount
BTG has a Yearly Dividend Yield of 4.06%, which is a nice return.
BTG's Dividend Yield is rather good when compared to the industry average which is at 2.72. BTG pays more dividend than 94.12% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, BTG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
5.2 History
On average, the dividend of BTG grows each year by 69.07%, which is quite nice.
BTG has been paying a dividend for over 5 years, so it has already some track record.
BTG has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)69.07%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
BTG pays out 56.73% of its income as dividend. This is a bit on the high side, but may be sustainable.
BTG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP56.73%
EPS Next 2Y110.23%
EPS Next 3Y75.94%
4.33
+0.16 (+3.84%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners63.91%
Inst Owner Change0.91%
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap5.73B
Revenue(TTM)2.51B
Net Income(TTM)219.32M
Analysts72.5
Price Target5.91 (36.49%)
Short Float %3.53%
Short Ratio0.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
Yearly Dividend0.14
Dividend Growth(5Y)69.07%
DP56.73%
Div Incr Years0
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.26%
Min EPS beat(2)-11.53%
Max EPS beat(2)-0.99%
EPS beat(4)1
Avg EPS beat(4)-24.29%
Min EPS beat(4)-86.5%
Max EPS beat(4)1.84%
EPS beat(8)2
Avg EPS beat(8)-22.01%
EPS beat(12)4
Avg EPS beat(12)-14.1%
EPS beat(16)5
Avg EPS beat(16)-14.09%
Revenue beat(2)0
Avg Revenue beat(2)-4.79%
Min Revenue beat(2)-6.76%
Max Revenue beat(2)-2.83%
Revenue beat(4)0
Avg Revenue beat(4)-4.94%
Min Revenue beat(4)-9.16%
Max Revenue beat(4)-1.03%
Revenue beat(8)3
Avg Revenue beat(8)-1.22%
Revenue beat(12)5
Avg Revenue beat(12)-0.51%
Revenue beat(16)7
Avg Revenue beat(16)-0.79%
PT rev (1m)19.6%
PT rev (3m)22.68%
EPS NQ rev (1m)1.61%
EPS NQ rev (3m)31.25%
EPS NY rev (1m)0.02%
EPS NY rev (3m)2.23%
Revenue NQ rev (1m)9.43%
Revenue NQ rev (3m)29.33%
Revenue NY rev (1m)0.5%
Revenue NY rev (3m)1.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.03 | ||
| Fwd PE | 6.53 | ||
| P/S | 2.28 | ||
| P/FCF | N/A | ||
| P/OCF | 7.89 | ||
| P/B | 1.72 | ||
| P/tB | 1.72 | ||
| EV/EBITDA | 4.09 |
EPS(TTM)0.36
EY8.31%
EPS(NY)0.66
Fwd EY15.31%
FCF(TTM)-0.16
FCFYN/A
OCF(TTM)0.55
OCFY12.68%
SpS1.9
BVpS2.51
TBVpS2.51
PEG (NY)0.04
PEG (5Y)N/A
Graham Number4.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.85% | ||
| ROE | 6.6% | ||
| ROCE | 21.89% | ||
| ROIC | 17.29% | ||
| ROICexc | 18.81% | ||
| ROICexgc | 18.81% | ||
| OM | 40.66% | ||
| PM (TTM) | 8.75% | ||
| GM | 46.01% | ||
| FCFM | N/A |
ROA(3y)-2%
ROA(5y)4.89%
ROE(3y)-4.15%
ROE(5y)5.33%
ROIC(3y)11.55%
ROIC(5y)14.74%
ROICexc(3y)13.08%
ROICexc(5y)17.32%
ROICexgc(3y)13.08%
ROICexgc(5y)17.32%
ROCE(3y)14.62%
ROCE(5y)18.66%
ROICexgc growth 3Y-16.06%
ROICexgc growth 5Y-0.47%
ROICexc growth 3Y-16.06%
ROICexc growth 5Y-0.47%
OM growth 3Y-7.12%
OM growth 5Y-0.62%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.22%
GM growth 5Y-0.97%
F-Score6
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.43 | ||
| Cap/Depr | 239.32% | ||
| Cap/Sales | 37.22% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 51.54% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.46 | ||
| Altman-Z | 2.35 |
F-Score6
WACC8.49%
ROIC/WACC2.04
Cap/Depr(3y)185.06%
Cap/Depr(5y)150.39%
Cap/Sales(3y)37.73%
Cap/Sales(5y)30.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)71.43%
EPS 3Y-25.99%
EPS 5Y-9.71%
EPS Q2Q%600%
EPS Next Y283.19%
EPS Next 2Y110.23%
EPS Next 3Y75.94%
EPS Next 5Y43.86%
Revenue 1Y (TTM)30.97%
Revenue growth 3Y2.58%
Revenue growth 5Y10.48%
Sales Q2Q%74.68%
Revenue Next Year67.89%
Revenue Next 2Y39.8%
Revenue Next 3Y25.35%
Revenue Next 5Y17.03%
EBIT growth 1Y64.31%
EBIT growth 3Y-4.73%
EBIT growth 5Y9.8%
EBIT Next Year759.11%
EBIT Next 3Y109.45%
EBIT Next 5Y63.41%
FCF growth 1Y-267.06%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-6.83%
OCF growth 3Y6.62%
OCF growth 5Y12.27%
B2GOLD CORP / BTG FAQ
What is the ChartMill fundamental rating of B2GOLD CORP (BTG) stock?
ChartMill assigns a fundamental rating of 6 / 10 to BTG.
What is the valuation status of B2GOLD CORP (BTG) stock?
ChartMill assigns a valuation rating of 8 / 10 to B2GOLD CORP (BTG). This can be considered as Undervalued.
Can you provide the profitability details for B2GOLD CORP?
B2GOLD CORP (BTG) has a profitability rating of 7 / 10.
What is the earnings growth outlook for B2GOLD CORP?
The Earnings per Share (EPS) of B2GOLD CORP (BTG) is expected to grow by 283.19% in the next year.
Is the dividend of B2GOLD CORP sustainable?
The dividend rating of B2GOLD CORP (BTG) is 7 / 10 and the dividend payout ratio is 56.73%.