B2GOLD CORP (BTG) Stock Fundamental Analysis
USA - NYSEARCA:BTG - CA11777Q2099 - Common Stock
5.21 USD
-0.02 (-0.38%)
5.23 USD
+0.02 (+0.38%)
Taking everything into account, BTG scores 5 out of 10 in our fundamental rating. BTG was compared to 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 is not valued too expensively and it also shows a decent 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 67.74% of its industry peers.
The Return On Equity of BTG (-13.26%) is worse than 65.81% of its industry peers.
BTG has a Return On Invested Capital of 14.06%. This is amongst the best in the industry. BTG outperforms 92.90% 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 12.38%.
The 3 year average ROIC (11.55%) for BTG is below the current ROIC(14.06%), indicating increased profibility in the last year.
| 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
BTG has a better Operating Margin (35.54%) than 88.39% of its industry peers.
In the last couple of years the Operating Margin of BTG has remained more or less at the same level.
BTG has a Gross Margin of 41.34%. This is in the better half of the industry: BTG outperforms 79.35% 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 | 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BTG is still 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
BTG has an Altman-Z score of 2.82. 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 2.82, BTG is in line with its industry, outperforming 45.81% of the companies in the same industry.
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 | 2.82 |
ROIC/WACC1.72
WACC8.16%
2.3 Liquidity
A Current Ratio of 0.98 indicates that BTG may have some problems paying its short term obligations.
With a Current ratio value of 0.98, BTG is not doing good in the industry: 83.87% of the companies in the same industry are doing better.
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.
The Quick ratio of BTG (0.40) is worse than 90.97% 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.
Measured over the past years, BTG shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.71% on average per year.
The Revenue has grown by 11.75% in the past year. This is quite good.
The Revenue has been growing by 10.48% on average over the past years. This is quite good.
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
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
BTG is valuated rather expensively with a Price/Earnings ratio of 21.71.
BTG's Price/Earnings ratio is a bit cheaper when compared to the industry. BTG is cheaper than 78.06% of the companies in the same industry.
BTG's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.89.
BTG is valuated reasonably with a Price/Forward Earnings ratio of 8.91.
Based on the Price/Forward Earnings ratio, BTG is valued cheaper than 88.39% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.99. BTG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.71 | ||
| Fwd PE | 8.91 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BTG is valued cheaper than 91.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.13 |
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.
BTG's earnings are expected to grow with 65.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.08
PEG (5Y)N/A
EPS Next 2Y97.45%
EPS Next 3Y65.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.98%, BTG has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.48, BTG pays a better dividend. On top of this BTG pays more dividend than 92.26% of the companies listed in the same industry.
BTG's Dividend Yield is a higher than the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.98% |
5.2 History
The dividend of BTG is nicely growing with an annual growth rate of 69.07%!
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
The earnings of BTG are negative and hence is the payout ratio. BTG will probably not be able to sustain this dividend level.
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%
5.21
-0.02 (-0.38%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners63.91%
Inst Owner Change0.29%
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap6.89B
Revenue(TTM)2.17B
Net Income(TTM)-433627000
Analysts72.5
Price Target4.94 (-5.18%)
Short Float %4.64%
Short Ratio1.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.98% |
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)1.33%
PT rev (3m)4.36%
EPS NQ rev (1m)3.98%
EPS NQ rev (3m)17.35%
EPS NY rev (1m)0%
EPS NY rev (3m)32.05%
Revenue NQ rev (1m)2.93%
Revenue NQ rev (3m)-1.47%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)8.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.71 | ||
| Fwd PE | 8.91 | ||
| P/S | 3.17 | ||
| P/FCF | N/A | ||
| P/OCF | 12.8 | ||
| P/B | 2.11 | ||
| P/tB | 2.11 | ||
| EV/EBITDA | 6.13 |
EPS(TTM)0.24
EY4.61%
EPS(NY)0.58
Fwd EY11.22%
FCF(TTM)-0.27
FCFYN/A
OCF(TTM)0.41
OCFY7.81%
SpS1.64
BVpS2.47
TBVpS2.47
PEG (NY)0.08
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 | 2.82 |
F-Score4
WACC8.16%
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%.