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CENTERRA GOLD INC (CG.CA) Stock Fundamental Analysis

TSX:CG - Toronto Stock Exchange - CA1520061021 - Common Stock - Currency: CAD

9.7  +0.09 (+0.94%)

Fundamental Rating

7

CG gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 832 industry peers in the Metals & Mining industry. CG is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. A decent growth rate in combination with a cheap valuation! Better keep an eye on CG. Finally CG also has an excellent dividend rating. With these ratings, CG could be worth investigating further for value and dividend investing!.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

In the past year CG was profitable.
CG had a positive operating cash flow in the past year.
CG had negative earnings in 4 of the past 5 years.
CG had a positive operating cash flow in 4 of the past 5 years.
CG.CA Yearly Net Income VS EBIT VS OCF VS FCFCG.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M 800M

1.2 Ratios

CG has a better Return On Assets (4.46%) than 90.63% of its industry peers.
CG has a Return On Equity of 5.97%. This is amongst the best in the industry. CG outperforms 90.63% of its industry peers.
CG's Return On Invested Capital of 8.25% is amongst the best of the industry. CG outperforms 94.65% of its industry peers.
Industry RankSector Rank
ROA 4.46%
ROE 5.97%
ROIC 8.25%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CG.CA Yearly ROA, ROE, ROICCG.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10

1.3 Margins

CG's Profit Margin of 8.32% is amongst the best of the industry. CG outperforms 92.77% of its industry peers.
CG has a Operating Margin of 18.95%. This is amongst the best in the industry. CG outperforms 92.64% of its industry peers.
In the last couple of years the Operating Margin of CG has declined.
CG has a better Gross Margin (34.86%) than 93.04% of its industry peers.
In the last couple of years the Gross Margin of CG has declined.
Industry RankSector Rank
OM 18.95%
PM (TTM) 8.32%
GM 34.86%
OM growth 3Y-43.37%
OM growth 5Y-12.27%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-19.92%
GM growth 5Y-5.05%
CG.CA Yearly Profit, Operating, Gross MarginsCG.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40

7

2. Health

2.1 Basic Checks

CG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
CG.CA Yearly Shares OutstandingCG.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M 200M 250M
CG.CA Yearly Total Debt VS Total AssetsCG.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 1B 2B 3B

2.2 Solvency

CG has an Altman-Z score of 3.18. This indicates that CG is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.18, CG is in the better half of the industry, outperforming 61.18% of the companies in the same industry.
CG has a debt to FCF ratio of 0.11. This is a very positive value and a sign of high solvency as it would only need 0.11 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.11, CG belongs to the top of the industry, outperforming 96.25% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that CG is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.01, CG is in line with its industry, outperforming 44.04% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.11
Altman-Z 3.18
ROIC/WACC0.85
WACC9.7%
CG.CA Yearly LT Debt VS Equity VS FCFCG.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B 2B

2.3 Liquidity

CG has a Current Ratio of 3.60. This indicates that CG is financially healthy and has no problem in meeting its short term obligations.
CG has a better Current ratio (3.60) than 66.40% of its industry peers.
A Quick Ratio of 2.64 indicates that CG has no problem at all paying its short term obligations.
CG has a better Quick ratio (2.64) than 61.31% of its industry peers.
Industry RankSector Rank
Current Ratio 3.6
Quick Ratio 2.64
CG.CA Yearly Current Assets VS Current LiabilitesCG.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M 800M 1B

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 380.00% over the past year.
The earnings per share for CG have been decreasing by -32.24% on average. This is quite bad
Looking at the last year, CG shows a very strong growth in Revenue. The Revenue has grown by 29.99%.
Measured over the past years, CG shows a decrease in Revenue. The Revenue has been decreasing by -0.62% on average per year.
EPS 1Y (TTM)380%
EPS 3Y-70.26%
EPS 5Y-32.24%
EPS Q2Q%-10%
Revenue 1Y (TTM)29.99%
Revenue growth 3Y-13.45%
Revenue growth 5Y-0.62%
Sales Q2Q%-5.81%

3.2 Future

The Earnings Per Share is expected to grow by 91.49% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 3.68% on average over the next years.
EPS Next Y1826.1%
EPS Next 2Y293.79%
EPS Next 3Y178.78%
EPS Next 5Y91.49%
Revenue Next Year10.64%
Revenue Next 2Y0.57%
Revenue Next 3Y1.74%
Revenue Next 5Y3.68%

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.
CG.CA Yearly Revenue VS EstimatesCG.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
CG.CA Yearly EPS VS EstimatesCG.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 1 1.5

9

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 8.02, the valuation of CG can be described as very reasonable.
Based on the Price/Earnings ratio, CG is valued cheaply inside the industry as 94.51% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 28.12. CG is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 10.90, the valuation of CG can be described as very reasonable.
91.70% of the companies in the same industry are more expensive than CG, based on the Price/Forward Earnings ratio.
CG is valuated cheaply when we compare the Price/Forward Earnings ratio to 94.77, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.02
Fwd PE 10.9
CG.CA Price Earnings VS Forward Price EarningsCG.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

CG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CG is cheaper than 98.93% of the companies in the same industry.
97.32% of the companies in the same industry are more expensive than CG, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7
EV/EBITDA 2.16
CG.CA Per share dataCG.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

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.
CG has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as CG's earnings are expected to grow with 178.78% in the coming years.
PEG (NY)0
PEG (5Y)N/A
EPS Next 2Y293.79%
EPS Next 3Y178.78%

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.06%, CG has a reasonable but not impressive dividend return.
CG's Dividend Yield is rather good when compared to the industry average which is at 7.68. CG pays more dividend than 97.86% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.29, CG pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.06%

5.2 History

On average, the dividend of CG grows each year by 6.78%, which is quite nice.
CG has paid a dividend for at least 10 years, which is a reliable track record.
CG has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)6.78%
Div Incr Years0
Div Non Decr Years4
CG.CA Yearly Dividends per shareCG.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2020 2021 2022 2023 2024 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

42.41% of the earnings are spent on dividend by CG. This is a bit on the high side, but may be sustainable.
CG's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP42.41%
EPS Next 2Y293.79%
EPS Next 3Y178.78%
CG.CA Yearly Income VS Free CF VS DividendCG.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M
CG.CA Dividend Payout.CG.CA Dividend Payout, showing the Payout Ratio.CG.CA Dividend Payout.PayoutRetained Earnings

CENTERRA GOLD INC

TSX:CG (2/7/2025, 7:00:00 PM)

9.7

+0.09 (+0.94%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)10-31 2024-10-31/amc
Earnings (Next)02-20 2025-02-20/amc
Inst Owners88.22%
Inst Owner ChangeN/A
Ins Owners0.18%
Ins Owner ChangeN/A
Market Cap2.04B
Analysts78.95
Price Target12.07 (24.43%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.06%
Yearly Dividend0.18
Dividend Growth(5Y)6.78%
DP42.41%
Div Incr Years0
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)11.29%
Min EPS beat(2)-13.58%
Max EPS beat(2)36.16%
EPS beat(4)3
Avg EPS beat(4)10.02%
Min EPS beat(4)-13.58%
Max EPS beat(4)36.16%
EPS beat(8)5
Avg EPS beat(8)-23.21%
EPS beat(12)7
Avg EPS beat(12)-83.46%
EPS beat(16)10
Avg EPS beat(16)-58.37%
Revenue beat(2)0
Avg Revenue beat(2)-6.04%
Min Revenue beat(2)-6.08%
Max Revenue beat(2)-6.01%
Revenue beat(4)1
Avg Revenue beat(4)2.79%
Min Revenue beat(4)-6.97%
Max Revenue beat(4)30.22%
Revenue beat(8)5
Avg Revenue beat(8)8.73%
Revenue beat(12)9
Avg Revenue beat(12)9.38%
Revenue beat(16)11
Avg Revenue beat(16)6.78%
PT rev (1m)-3.27%
PT rev (3m)-6.48%
EPS NQ rev (1m)-13.68%
EPS NQ rev (3m)11.16%
EPS NY rev (1m)-2.15%
EPS NY rev (3m)-6.2%
Revenue NQ rev (1m)-2.71%
Revenue NQ rev (3m)-2.96%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)0.87%
Valuation
Industry RankSector Rank
PE 8.02
Fwd PE 10.9
P/S 1.13
P/FCF 7
P/OCF 4.05
P/B 0.81
P/tB 0.81
EV/EBITDA 2.16
EPS(TTM)1.21
EY12.47%
EPS(NY)0.89
Fwd EY9.18%
FCF(TTM)1.38
FCFY14.28%
OCF(TTM)2.4
OCFY24.72%
SpS8.55
BVpS11.92
TBVpS11.92
PEG (NY)0
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 4.46%
ROE 5.97%
ROCE 11.46%
ROIC 8.25%
ROICexc 11.68%
ROICexgc 11.68%
OM 18.95%
PM (TTM) 8.32%
GM 34.86%
FCFM 16.2%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-43.37%
OM growth 5Y-12.27%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-19.92%
GM growth 5Y-5.05%
F-Score7
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.11
Debt/EBITDA 0.04
Cap/Depr 105.58%
Cap/Sales 11.84%
Interest Coverage 250
Cash Conversion 92.93%
Profit Quality 194.75%
Current Ratio 3.6
Quick Ratio 2.64
Altman-Z 3.18
F-Score7
WACC9.7%
ROIC/WACC0.85
Cap/Depr(3y)72.41%
Cap/Depr(5y)87.69%
Cap/Sales(3y)9.2%
Cap/Sales(5y)13.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)380%
EPS 3Y-70.26%
EPS 5Y-32.24%
EPS Q2Q%-10%
EPS Next Y1826.1%
EPS Next 2Y293.79%
EPS Next 3Y178.78%
EPS Next 5Y91.49%
Revenue 1Y (TTM)29.99%
Revenue growth 3Y-13.45%
Revenue growth 5Y-0.62%
Sales Q2Q%-5.81%
Revenue Next Year10.64%
Revenue Next 2Y0.57%
Revenue Next 3Y1.74%
Revenue Next 5Y3.68%
EBIT growth 1Y2070.4%
EBIT growth 3Y-50.99%
EBIT growth 5Y-12.81%
EBIT Next Year332.5%
EBIT Next 3Y58.15%
EBIT Next 5Y37.88%
FCF growth 1Y1173.03%
FCF growth 3Y-35.72%
FCF growth 5YN/A
OCF growth 1Y404.01%
OCF growth 3Y-35.84%
OCF growth 5Y2.46%