ELDORADO GOLD CORP (EGO) Stock Fundamental Analysis
USA - NYSE:EGO - CA2849021035 - Common Stock
27.91 USD
+0.92 (+3.41%)
27.84 USD
-0.07 (-0.25%)
EGO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 156 industry peers in the Metals & Mining industry. While EGO belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. EGO is evaluated to be cheap and growing strongly. This does not happen too often!
1. Profitability
1.1 Basic Checks
EGO had positive earnings in the past year.
EGO had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: EGO reported negative net income in multiple years.
EGO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
EGO's Return On Assets of 5.50% is fine compared to the rest of the industry. EGO outperforms 76.28% of its industry peers.
EGO has a better Return On Equity (8.20%) than 73.08% of its industry peers.
The Return On Invested Capital of EGO (5.89%) is better than 66.03% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EGO is significantly below the industry average of 12.92%.
The last Return On Invested Capital (5.89%) for EGO is above the 3 year average (2.90%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 8.2% | ||
| ROIC | 5.89% |
ROA(3y)-0.29%
ROA(5y)-0.3%
ROE(3y)-0.22%
ROE(5y)-0.31%
ROIC(3y)2.9%
ROIC(5y)3.1%
1.3 Margins
Looking at the Profit Margin, with a value of 23.06%, EGO belongs to the top of the industry, outperforming 89.74% of the companies in the same industry.
In the last couple of years the Profit Margin of EGO has grown nicely.
EGO's Operating Margin of 33.97% is amongst the best of the industry. EGO outperforms 86.54% of its industry peers.
In the last couple of years the Operating Margin of EGO has grown nicely.
The Gross Margin of EGO (40.37%) is better than 76.92% of its industry peers.
In the last couple of years the Gross Margin of EGO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.97% | ||
| PM (TTM) | 23.06% | ||
| GM | 40.37% |
OM growth 3Y12.58%
OM growth 5Y28.7%
PM growth 3YN/A
PM growth 5Y10.88%
GM growth 3Y7.51%
GM growth 5Y12.76%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EGO is destroying value.
The number of shares outstanding for EGO has been increased compared to 1 year ago.
The number of shares outstanding for EGO has been increased compared to 5 years ago.
EGO has a worse debt/assets ratio than last year.
2.2 Solvency
EGO has an Altman-Z score of 1.97. This is not the best score and indicates that EGO is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 1.97, EGO is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
The Debt to FCF ratio of EGO is 16.62, which is on the high side as it means it would take EGO, 16.62 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 16.62, EGO is in line with its industry, outperforming 58.97% of the companies in the same industry.
A Debt/Equity ratio of 0.24 indicates that EGO is not too dependend on debt financing.
EGO has a Debt to Equity ratio (0.24) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 16.62 | ||
| Altman-Z | 1.97 |
ROIC/WACC0.69
WACC8.48%
2.3 Liquidity
EGO has a Current Ratio of 3.12. This indicates that EGO is financially healthy and has no problem in meeting its short term obligations.
EGO has a better Current ratio (3.12) than 63.46% of its industry peers.
A Quick Ratio of 2.53 indicates that EGO has no problem at all paying its short term obligations.
EGO's Quick ratio of 2.53 is fine compared to the rest of the industry. EGO outperforms 67.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.12 | ||
| Quick Ratio | 2.53 |
3. Growth
3.1 Past
EGO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 56.44%, which is quite impressive.
The Earnings Per Share has been growing by 89.34% on average over the past years. This is a very strong growth
EGO shows a strong growth in Revenue. In the last year, the Revenue has grown by 42.56%.
The Revenue has been growing by 16.44% on average over the past years. This is quite good.
EPS 1Y (TTM)56.44%
EPS 3Y31.64%
EPS 5Y89.34%
EPS Q2Q%33.33%
Revenue 1Y (TTM)42.56%
Revenue growth 3Y12.02%
Revenue growth 5Y16.44%
Sales Q2Q%52.02%
3.2 Future
The Earnings Per Share is expected to grow by 15.18% on average over the next years. This is quite good.
The Revenue is expected to grow by 13.20% on average over the next years. This is quite good.
EPS Next Y16.74%
EPS Next 2Y50.45%
EPS Next 3Y33.69%
EPS Next 5Y15.18%
Revenue Next Year11.75%
Revenue Next 2Y34.63%
Revenue Next 3Y16.78%
Revenue Next 5Y13.2%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 17.66 indicates a rather expensive valuation of EGO.
Based on the Price/Earnings ratio, EGO is valued cheaper than 85.26% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.38. EGO is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 8.44, the valuation of EGO can be described as very reasonable.
Based on the Price/Forward Earnings ratio, EGO is valued cheaper than 89.10% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.86. EGO is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.66 | ||
| Fwd PE | 8.44 |
4.2 Price Multiples
78.85% of the companies in the same industry are more expensive than EGO, based on the Enterprise Value to EBITDA ratio.
60.90% of the companies in the same industry are more expensive than EGO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 99.4 | ||
| EV/EBITDA | 8.91 |
4.3 Compensation for Growth
EGO's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of EGO may justify a higher PE ratio.
EGO's earnings are expected to grow with 33.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.06
PEG (5Y)0.2
EPS Next 2Y50.45%
EPS Next 3Y33.69%
5. Dividend
5.1 Amount
EGO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
27.91
+0.92 (+3.41%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners85.38%
Inst Owner Change-7.83%
Ins Owners0.37%
Ins Owner ChangeN/A
Market Cap5.67B
Analysts72.31
Price Target26.05 (-6.66%)
Short Float %1.15%
Short Ratio1.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.89%
Min EPS beat(2)-6.25%
Max EPS beat(2)4.47%
EPS beat(4)3
Avg EPS beat(4)7.62%
Min EPS beat(4)-6.25%
Max EPS beat(4)30.69%
EPS beat(8)7
Avg EPS beat(8)40.84%
EPS beat(12)9
Avg EPS beat(12)38.41%
EPS beat(16)12
Avg EPS beat(16)19.75%
Revenue beat(2)1
Avg Revenue beat(2)1.96%
Min Revenue beat(2)-0.02%
Max Revenue beat(2)3.93%
Revenue beat(4)1
Avg Revenue beat(4)-2.49%
Min Revenue beat(4)-8.86%
Max Revenue beat(4)3.93%
Revenue beat(8)2
Avg Revenue beat(8)-4.75%
Revenue beat(12)2
Avg Revenue beat(12)-6.74%
Revenue beat(16)3
Avg Revenue beat(16)-6.47%
PT rev (1m)-2.98%
PT rev (3m)12.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)26.32%
EPS NY rev (1m)0%
EPS NY rev (3m)6.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.09%
Revenue NY rev (1m)3.78%
Revenue NY rev (3m)-2.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.66 | ||
| Fwd PE | 8.44 | ||
| P/S | 3.99 | ||
| P/FCF | 99.4 | ||
| P/OCF | 8.23 | ||
| P/B | 1.42 | ||
| P/tB | 1.45 | ||
| EV/EBITDA | 8.91 |
EPS(TTM)1.58
EY5.66%
EPS(NY)3.3
Fwd EY11.84%
FCF(TTM)0.28
FCFY1.01%
OCF(TTM)3.39
OCFY12.14%
SpS6.99
BVpS19.65
TBVpS19.19
PEG (NY)1.06
PEG (5Y)0.2
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 8.2% | ||
| ROCE | 8.8% | ||
| ROIC | 5.89% | ||
| ROICexc | 5.89% | ||
| ROICexgc | 5.99% | ||
| OM | 33.97% | ||
| PM (TTM) | 23.06% | ||
| GM | 40.37% | ||
| FCFM | 4.02% |
ROA(3y)-0.29%
ROA(5y)-0.3%
ROE(3y)-0.22%
ROE(5y)-0.31%
ROIC(3y)2.9%
ROIC(5y)3.1%
ROICexc(3y)3.42%
ROICexc(5y)3.57%
ROICexgc(3y)3.5%
ROICexgc(5y)3.65%
ROCE(3y)4.33%
ROCE(5y)4.63%
ROICexcg growth 3Y24.28%
ROICexcg growth 5Y48.55%
ROICexc growth 3Y24.32%
ROICexc growth 5Y48.58%
OM growth 3Y12.58%
OM growth 5Y28.7%
PM growth 3YN/A
PM growth 5Y10.88%
GM growth 3Y7.51%
GM growth 5Y12.76%
F-Score6
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 16.62 | ||
| Debt/EBITDA | 1.27 | ||
| Cap/Depr | 242.37% | ||
| Cap/Sales | 44.49% | ||
| Interest Coverage | 24.1 | ||
| Cash Conversion | 92.7% | ||
| Profit Quality | 17.42% | ||
| Current Ratio | 3.12 | ||
| Quick Ratio | 2.53 | ||
| Altman-Z | 1.97 |
F-Score6
WACC8.48%
ROIC/WACC0.69
Cap/Depr(3y)168.21%
Cap/Depr(5y)144.08%
Cap/Sales(3y)39.34%
Cap/Sales(5y)33.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)56.44%
EPS 3Y31.64%
EPS 5Y89.34%
EPS Q2Q%33.33%
EPS Next Y16.74%
EPS Next 2Y50.45%
EPS Next 3Y33.69%
EPS Next 5Y15.18%
Revenue 1Y (TTM)42.56%
Revenue growth 3Y12.02%
Revenue growth 5Y16.44%
Sales Q2Q%52.02%
Revenue Next Year11.75%
Revenue Next 2Y34.63%
Revenue Next 3Y16.78%
Revenue Next 5Y13.2%
EBIT growth 1Y137.8%
EBIT growth 3Y26.11%
EBIT growth 5Y49.86%
EBIT Next Year86.25%
EBIT Next 3Y47.77%
EBIT Next 5Y21.52%
FCF growth 1Y160.63%
FCF growth 3Y-13.74%
FCF growth 5YN/A
OCF growth 1Y218.81%
OCF growth 3Y21.23%
OCF growth 5Y31.25%