CENTERRA GOLD INC (CGAU) Stock Fundamental Analysis
NYSE:CGAU - CA1520061021 - Common Stock
8.64 USD
+0.33 (+3.97%)
8.7699 USD
+0.13 (+1.5%)
We assign a fundamental rating of 6 out of 10 to CGAU. CGAU was compared to 155 industry peers in the Metals & Mining industry. CGAU has an excellent financial health rating, but there are some minor concerns on its profitability. CGAU is valued quite cheap, but it does not seem to be growing. These ratings would make CGAU suitable for value investing!
1. Profitability
1.1 Basic Checks
CGAU had positive earnings in the past year.
CGAU had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CGAU reported negative net income in multiple years.
CGAU had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
CGAU's Return On Assets of 3.25% is fine compared to the rest of the industry. CGAU outperforms 69.87% of its industry peers.
Looking at the Return On Equity, with a value of 4.42%, CGAU is in the better half of the industry, outperforming 66.03% of the companies in the same industry.
With a decent Return On Invested Capital value of 9.23%, CGAU is doing good in the industry, outperforming 78.85% of the companies in the same industry.
CGAU had an Average Return On Invested Capital over the past 3 years of 5.71%. This is significantly below the industry average of 13.00%.
The last Return On Invested Capital (9.23%) for CGAU is above the 3 year average (5.71%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.25% | ||
| ROE | 4.42% | ||
| ROIC | 9.23% |
ROA(3y)-1.11%
ROA(5y)-0.91%
ROE(3y)-1.42%
ROE(5y)-1.28%
ROIC(3y)5.71%
ROIC(5y)6.97%
1.3 Margins
CGAU has a better Profit Margin (6.20%) than 73.72% of its industry peers.
The Operating Margin of CGAU (19.61%) is better than 71.79% of its industry peers.
In the last couple of years the Operating Margin of CGAU has grown nicely.
Looking at the Gross Margin, with a value of 28.91%, CGAU is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
CGAU's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.61% | ||
| PM (TTM) | 6.2% | ||
| GM | 28.91% |
OM growth 3Y5.12%
OM growth 5Y14.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.36%
GM growth 5Y-1.39%
2. Health
2.1 Basic Checks
CGAU has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CGAU has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CGAU has less shares outstanding
The debt/assets ratio for CGAU has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.47 indicates that CGAU is not in any danger for bankruptcy at the moment.
CGAU has a Altman-Z score of 3.47. This is in the better half of the industry: CGAU outperforms 61.54% of its industry peers.
CGAU has a debt to FCF ratio of 0.28. This is a very positive value and a sign of high solvency as it would only need 0.28 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.28, CGAU belongs to the top of the industry, outperforming 92.95% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that CGAU is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.01, CGAU is in the better half of the industry, outperforming 75.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.28 | ||
| Altman-Z | 3.47 |
ROIC/WACC0.99
WACC9.3%
2.3 Liquidity
A Current Ratio of 3.46 indicates that CGAU has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.46, CGAU is in the better half of the industry, outperforming 68.59% of the companies in the same industry.
CGAU has a Quick Ratio of 2.59. This indicates that CGAU is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of CGAU (2.59) is better than 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.46 | ||
| Quick Ratio | 2.59 |
3. Growth
3.1 Past
CGAU shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.12%.
CGAU shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.32% yearly.
Looking at the last year, CGAU shows a decrease in Revenue. The Revenue has decreased by -4.55% in the last year.
The Revenue has been decreasing by -2.46% on average over the past years.
EPS 1Y (TTM)-15.12%
EPS 3Y-2.18%
EPS 5Y3.32%
EPS Q2Q%8.7%
Revenue 1Y (TTM)-4.55%
Revenue growth 3Y10.5%
Revenue growth 5Y-2.46%
Sales Q2Q%2.14%
3.2 Future
Based on estimates for the next years, CGAU will show a very negative growth in Earnings Per Share. The EPS will decrease by -39.49% on average per year.
Based on estimates for the next years, CGAU will show a small growth in Revenue. The Revenue will grow by 7.75% on average per year.
EPS Next Y27.76%
EPS Next 2Y26.1%
EPS Next 3Y3.74%
EPS Next 5Y-39.49%
Revenue Next Year1.9%
Revenue Next 2Y5.58%
Revenue Next 3Y7.77%
Revenue Next 5Y7.75%
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 decreasing.
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
CGAU is valuated reasonably with a Price/Earnings ratio of 11.84.
Based on the Price/Earnings ratio, CGAU is valued cheaply inside the industry as 93.59% of the companies are valued more expensively.
CGAU's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.06.
With a Price/Forward Earnings ratio of 7.44, the valuation of CGAU can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CGAU indicates a rather cheap valuation: CGAU is cheaper than 93.59% of the companies listed in the same industry.
CGAU is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.84 | ||
| Fwd PE | 7.44 |
4.2 Price Multiples
98.08% of the companies in the same industry are more expensive than CGAU, based on the Enterprise Value to EBITDA ratio.
CGAU's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CGAU is cheaper than 78.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.49 | ||
| EV/EBITDA | 3.51 |
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.
CGAU has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.43
PEG (5Y)3.56
EPS Next 2Y26.1%
EPS Next 3Y3.74%
5. Dividend
5.1 Amount
CGAU has a Yearly Dividend Yield of 2.43%.
Compared to an average industry Dividend Yield of 2.74, CGAU pays a better dividend. On top of this CGAU pays more dividend than 88.46% of the companies listed in the same industry.
CGAU's Dividend Yield is comparable with the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.43% |
5.2 History
The dividend of CGAU is nicely growing with an annual growth rate of 18.78%!
CGAU has been paying a dividend for at least 10 years, so it has a reliable track record.
CGAU has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)18.78%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
CGAU pays out 56.24% of its income as dividend. This is a bit on the high side, but may be sustainable.
The Dividend Rate of CGAU has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP56.24%
EPS Next 2Y26.1%
EPS Next 3Y3.74%
8.64
+0.33 (+3.97%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners88.55%
Inst Owner ChangeN/A
Ins Owners0.23%
Ins Owner ChangeN/A
Market Cap1.76B
Analysts76.67
Price Target9.18 (6.25%)
Short Float %2.68%
Short Ratio4.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.43% |
Yearly Dividend0.2
Dividend Growth(5Y)18.78%
DP56.24%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)32.25%
Min EPS beat(2)20.78%
Max EPS beat(2)43.71%
EPS beat(4)2
Avg EPS beat(4)9.96%
Min EPS beat(4)-13.58%
Max EPS beat(4)43.71%
EPS beat(8)6
Avg EPS beat(8)14.05%
EPS beat(12)8
Avg EPS beat(12)-9.56%
EPS beat(16)10
Avg EPS beat(16)-58.78%
Revenue beat(2)1
Avg Revenue beat(2)-2.2%
Min Revenue beat(2)-4.65%
Max Revenue beat(2)0.25%
Revenue beat(4)1
Avg Revenue beat(4)-4.57%
Min Revenue beat(4)-7.8%
Max Revenue beat(4)0.25%
Revenue beat(8)3
Avg Revenue beat(8)0.16%
Revenue beat(12)7
Avg Revenue beat(12)5.63%
Revenue beat(16)11
Avg Revenue beat(16)6.47%
PT rev (1m)-3.08%
PT rev (3m)9.5%
EPS NQ rev (1m)-23.23%
EPS NQ rev (3m)65.69%
EPS NY rev (1m)42.87%
EPS NY rev (3m)42.87%
Revenue NQ rev (1m)-4.14%
Revenue NQ rev (3m)9.39%
Revenue NY rev (1m)2.79%
Revenue NY rev (3m)8.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.84 | ||
| Fwd PE | 7.44 | ||
| P/S | 1.45 | ||
| P/FCF | 25.49 | ||
| P/OCF | 6.27 | ||
| P/B | 1.03 | ||
| P/tB | 1.03 | ||
| EV/EBITDA | 3.51 |
EPS(TTM)0.73
EY8.45%
EPS(NY)1.16
Fwd EY13.44%
FCF(TTM)0.34
FCFY3.92%
OCF(TTM)1.38
OCFY15.96%
SpS5.97
BVpS8.38
TBVpS8.38
PEG (NY)0.43
PEG (5Y)3.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.25% | ||
| ROE | 4.42% | ||
| ROCE | 11.69% | ||
| ROIC | 9.23% | ||
| ROICexc | 12.42% | ||
| ROICexgc | 12.42% | ||
| OM | 19.61% | ||
| PM (TTM) | 6.2% | ||
| GM | 28.91% | ||
| FCFM | 5.68% |
ROA(3y)-1.11%
ROA(5y)-0.91%
ROE(3y)-1.42%
ROE(5y)-1.28%
ROIC(3y)5.71%
ROIC(5y)6.97%
ROICexc(3y)8.18%
ROICexc(5y)9.75%
ROICexgc(3y)8.18%
ROICexgc(5y)9.75%
ROCE(3y)7.22%
ROCE(5y)8.82%
ROICexcg growth 3Y20.1%
ROICexcg growth 5Y25.59%
ROICexc growth 3Y20.1%
ROICexc growth 5Y25.59%
OM growth 3Y5.12%
OM growth 5Y14.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.36%
GM growth 5Y-1.39%
F-Score5
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.28 | ||
| Debt/EBITDA | 0.04 | ||
| Cap/Depr | 178.08% | ||
| Cap/Sales | 17.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.55% | ||
| Profit Quality | 91.52% | ||
| Current Ratio | 3.46 | ||
| Quick Ratio | 2.59 | ||
| Altman-Z | 3.47 |
F-Score5
WACC9.3%
ROIC/WACC0.99
Cap/Depr(3y)88.77%
Cap/Depr(5y)88.62%
Cap/Sales(3y)10.16%
Cap/Sales(5y)12.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.12%
EPS 3Y-2.18%
EPS 5Y3.32%
EPS Q2Q%8.7%
EPS Next Y27.76%
EPS Next 2Y26.1%
EPS Next 3Y3.74%
EPS Next 5Y-39.49%
Revenue 1Y (TTM)-4.55%
Revenue growth 3Y10.5%
Revenue growth 5Y-2.46%
Sales Q2Q%2.14%
Revenue Next Year1.9%
Revenue Next 2Y5.58%
Revenue Next 3Y7.77%
Revenue Next 5Y7.75%
EBIT growth 1Y-15.64%
EBIT growth 3Y16.16%
EBIT growth 5Y11.98%
EBIT Next Year36.84%
EBIT Next 3Y12.75%
EBIT Next 5Y3.74%
FCF growth 1Y144.16%
FCF growth 3Y-24.51%
FCF growth 5Y25.18%
OCF growth 1Y400.81%
OCF growth 3Y-10.39%
OCF growth 5Y-2.23%