B2GOLD CORP (BTG) Stock Fundamental Analysis
USA - NYSEARCA:BTG - CA11777Q2099 - Common Stock
4.39 USD
-0.48 (-9.86%)
4.4 USD
+0.01 (+0.23%)
Overall BTG gets a fundamental rating of 5 out of 10. We evaluated BTG against 154 industry peers in the Metals & Mining industry. While BTG is still in line with the averages on profitability rating, there are concerns on its financial health. BTG has a correct valuation and a medium growth rate.
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.
Each year in the past 5 years BTG had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BTG (-8.17%) is worse than 67.53% of its industry peers.
With a Return On Equity value of -13.26%, BTG is not doing good in the industry: 65.58% of the companies in the same industry are doing better.
BTG has a better Return On Invested Capital (14.06%) than 92.21% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BTG is in line with the industry average of 12.54%.
The last Return On Invested Capital (14.06%) for BTG is above the 3 year average (11.55%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.17% | ||
| ROE | -13.26% | ||
| ROIC | 14.06% |
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
Looking at the Operating Margin, with a value of 35.54%, BTG belongs to the top of the industry, outperforming 88.31% of the companies in the same industry.
BTG's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 41.34%, BTG is in the better half of the industry, outperforming 79.87% of the companies in the same industry.
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 | 35.54% | ||
| PM (TTM) | N/A | ||
| GM | 41.34% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BTG is creating some value.
The number of shares outstanding for BTG has been increased compared to 1 year ago.
Compared to 5 years ago, BTG has more shares outstanding
Compared to 1 year ago, BTG has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.50 indicates that BTG is not a great score, but indicates only limited risk for bankruptcy at the moment.
BTG has a Altman-Z score of 2.50. This is comparable to the rest of the industry: BTG outperforms 42.86% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that BTG is not too dependend on debt financing.
BTG has a Debt to Equity ratio (0.13) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.5 |
ROIC/WACC1.72
WACC8.19%
2.3 Liquidity
A Current Ratio of 0.98 indicates that BTG may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.98, BTG is doing worse than 83.77% of the companies in the same industry.
BTG has a Quick Ratio of 0.98. This is a bad value and indicates that BTG is not financially healthy enough and could expect problems in meeting its short term obligations.
BTG has a Quick ratio of 0.40. This is amonst the worse of the industry: BTG underperforms 90.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
The earnings per share for BTG have decreased by 0.00% in the last year.
BTG shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -9.71% yearly.
Looking at the last year, BTG shows a quite strong growth in Revenue. The Revenue has grown by 11.75% in the last year.
BTG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.48% yearly.
EPS 1Y (TTM)0%
EPS 3Y-25.99%
EPS 5Y-9.71%
EPS Q2Q%100%
Revenue 1Y (TTM)11.75%
Revenue growth 3Y2.58%
Revenue growth 5Y10.48%
Sales Q2Q%40.53%
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 20.67% on average per year.
BTG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.98% yearly.
EPS Next Y283.13%
EPS Next 2Y97.45%
EPS Next 3Y65.54%
EPS Next 5Y20.67%
Revenue Next Year67.06%
Revenue Next 2Y34.41%
Revenue Next 3Y21.51%
Revenue Next 5Y13.98%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 18.29, BTG is valued on the expensive side.
Based on the Price/Earnings ratio, BTG is valued cheaply inside the industry as 83.12% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.11, BTG is valued a bit cheaper.
A Price/Forward Earnings ratio of 7.51 indicates a rather cheap valuation of BTG.
BTG's Price/Forward Earnings ratio is rather cheap when compared to the industry. BTG is cheaper than 93.51% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.55. BTG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.29 | ||
| Fwd PE | 7.51 |
4.2 Price Multiples
94.16% of the companies in the same industry are more expensive than BTG, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.18 |
4.3 Compensation for Growth
BTG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as BTG's earnings are expected to grow with 65.54% in the coming years.
PEG (NY)0.06
PEG (5Y)N/A
EPS Next 2Y97.45%
EPS Next 3Y65.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.19%, BTG has a reasonable but not impressive dividend return.
BTG's Dividend Yield is rather good when compared to the industry average which is at 2.60. BTG pays more dividend than 92.86% of the companies in the same industry.
BTG's Dividend Yield is a higher than the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.19% |
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 has negative earnings and hence a negative payout ratio. The dividend may be in danger.
BTG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP-33.27%
EPS Next 2Y97.45%
EPS Next 3Y65.54%
4.39
-0.48 (-9.86%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners63.91%
Inst Owner Change-0.01%
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap5.81B
Revenue(TTM)2.17B
Net Income(TTM)-433627000
Analysts72.5
Price Target5.84 (33.03%)
Short Float %4.7%
Short Ratio1.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.19% |
Yearly Dividend0.14
Dividend Growth(5Y)69.07%
DP-33.27%
Div Incr Years0
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.84%
Min EPS beat(2)-11.53%
Max EPS beat(2)1.84%
EPS beat(4)1
Avg EPS beat(4)-39.36%
Min EPS beat(4)-86.5%
Max EPS beat(4)1.84%
EPS beat(8)2
Avg EPS beat(8)-25.06%
EPS beat(12)4
Avg EPS beat(12)-18.05%
EPS beat(16)5
Avg EPS beat(16)-14.6%
Revenue beat(2)0
Avg Revenue beat(2)-5.99%
Min Revenue beat(2)-9.16%
Max Revenue beat(2)-2.83%
Revenue beat(4)0
Avg Revenue beat(4)-3.31%
Min Revenue beat(4)-9.16%
Max Revenue beat(4)-0.23%
Revenue beat(8)3
Avg Revenue beat(8)-0.59%
Revenue beat(12)5
Avg Revenue beat(12)-0.22%
Revenue beat(16)7
Avg Revenue beat(16)-0.48%
PT rev (1m)19.76%
PT rev (3m)23.35%
EPS NQ rev (1m)-2.01%
EPS NQ rev (3m)7.9%
EPS NY rev (1m)0%
EPS NY rev (3m)32.05%
Revenue NQ rev (1m)-6.25%
Revenue NQ rev (3m)-7.62%
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.29 | ||
| Fwd PE | 7.51 | ||
| P/S | 2.67 | ||
| P/FCF | N/A | ||
| P/OCF | 10.79 | ||
| P/B | 1.78 | ||
| P/tB | 1.78 | ||
| EV/EBITDA | 5.18 |
EPS(TTM)0.24
EY5.47%
EPS(NY)0.58
Fwd EY13.32%
FCF(TTM)-0.27
FCFYN/A
OCF(TTM)0.41
OCFY9.27%
SpS1.64
BVpS2.47
TBVpS2.47
PEG (NY)0.06
PEG (5Y)N/A
Graham Number3.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.17% | ||
| ROE | -13.26% | ||
| ROCE | 17.8% | ||
| ROIC | 14.06% | ||
| ROICexc | 15.15% | ||
| ROICexgc | 15.15% | ||
| OM | 35.54% | ||
| PM (TTM) | N/A | ||
| GM | 41.34% | ||
| 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-Score4
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.36 | ||
| Cap/Depr | 238.11% | ||
| Cap/Sales | 41.02% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 46.96% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.4 | ||
| Altman-Z | 2.5 |
F-Score4
WACC8.19%
ROIC/WACC1.72
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)0%
EPS 3Y-25.99%
EPS 5Y-9.71%
EPS Q2Q%100%
EPS Next Y283.13%
EPS Next 2Y97.45%
EPS Next 3Y65.54%
EPS Next 5Y20.67%
Revenue 1Y (TTM)11.75%
Revenue growth 3Y2.58%
Revenue growth 5Y10.48%
Sales Q2Q%40.53%
Revenue Next Year67.06%
Revenue Next 2Y34.41%
Revenue Next 3Y21.51%
Revenue Next 5Y13.98%
EBIT growth 1Y15.53%
EBIT growth 3Y-4.73%
EBIT growth 5Y9.8%
EBIT Next Year759.11%
EBIT Next 3Y109.45%
EBIT Next 5Y49.28%
FCF growth 1Y-237.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-29.39%
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 5 / 10 to BTG.
What is the valuation status of B2GOLD CORP (BTG) stock?
ChartMill assigns a valuation rating of 6 / 10 to B2GOLD CORP (BTG). This can be considered as Fairly Valued.
Can you provide the profitability details for B2GOLD CORP?
B2GOLD CORP (BTG) has a profitability rating of 5 / 10.
What is the earnings growth outlook for B2GOLD CORP?
The Earnings per Share (EPS) of B2GOLD CORP (BTG) is expected to grow by 283.13% in the next year.
Is the dividend of B2GOLD CORP sustainable?
The dividend rating of B2GOLD CORP (BTG) is 5 / 10 and the dividend payout ratio is -33.27%.