ELDORADO GOLD CORP (EGO) Stock Fundamental Analysis
USA - NYSE:EGO - CA2849021035 - Common Stock
26.25 USD
+0.03 (+0.11%)
25.54 USD
-0.71 (-2.7%)
We assign a fundamental rating of 6 out of 10 to EGO. EGO was compared to 155 industry peers in the Metals & Mining industry. EGO has an excellent profitability rating, but 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.
In the past year EGO had a positive cash flow from operations.
In multiple years EGO reported negative net income over the last 5 years.
In the past 5 years EGO always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 5.50%, EGO is doing good in the industry, outperforming 77.42% of the companies in the same industry.
EGO's Return On Equity of 8.20% is fine compared to the rest of the industry. EGO outperforms 73.55% of its industry peers.
EGO has a Return On Invested Capital of 5.89%. This is in the better half of the industry: EGO outperforms 65.81% of its industry peers.
EGO had an Average Return On Invested Capital over the past 3 years of 2.90%. This is significantly below the industry average of 12.31%.
The 3 year average ROIC (2.90%) for EGO is below the current ROIC(5.89%), indicating increased profibility in the last year.
| 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 89.68% of the companies in the same industry.
EGO's Profit Margin has improved in the last couple of years.
EGO has a better Operating Margin (33.97%) than 85.81% of its industry peers.
EGO's Operating Margin has improved in the last couple of years.
EGO's Gross Margin of 40.37% is fine compared to the rest of the industry. EGO outperforms 76.77% of its industry peers.
EGO's Gross Margin has improved in the last couple of years.
| 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.
Compared to 1 year ago, EGO has more shares outstanding
EGO has more shares outstanding than it did 5 years ago.
EGO has a worse debt/assets ratio than last year.
2.2 Solvency
EGO has an Altman-Z score of 1.87. 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.
EGO has a Altman-Z score of 1.87. This is in the lower half of the industry: EGO underperforms 70.32% of its industry peers.
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 57.42% of the companies in the same industry.
A Debt/Equity ratio of 0.24 indicates that EGO is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.24, EGO is in line with its industry, outperforming 41.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 16.62 | ||
| Altman-Z | 1.87 |
ROIC/WACC0.76
WACC7.76%
2.3 Liquidity
A Current Ratio of 3.12 indicates that EGO has no problem at all paying its short term obligations.
EGO's Current ratio of 3.12 is fine compared to the rest of the industry. EGO outperforms 63.87% of its industry peers.
EGO has a Quick Ratio of 2.53. This indicates that EGO is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.53, EGO is in the better half of the industry, outperforming 65.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.12 | ||
| Quick Ratio | 2.53 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 56.44% over the past year.
Measured over the past years, EGO shows a very strong growth in Earnings Per Share. The EPS has been growing by 89.34% on average per year.
Looking at the last year, EGO shows a very strong growth in Revenue. The Revenue has grown by 42.56%.
Measured over the past years, EGO shows a quite strong growth in Revenue. The Revenue has been growing by 16.44% on average per year.
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
EGO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.26% yearly.
Based on estimates for the next years, EGO will show a quite strong growth in Revenue. The Revenue will grow by 13.20% on average per year.
EPS Next Y15.44%
EPS Next 2Y50.99%
EPS Next 3Y34.86%
EPS Next 5Y15.26%
Revenue Next Year11.37%
Revenue Next 2Y34.74%
Revenue Next 3Y16.78%
Revenue Next 5Y13.2%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 16.61, EGO is valued correctly.
Based on the Price/Earnings ratio, EGO is valued cheaper than 85.16% of the companies in the same industry.
EGO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.67.
A Price/Forward Earnings ratio of 7.89 indicates a rather cheap valuation of EGO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EGO indicates a rather cheap valuation: EGO is cheaper than 92.90% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of EGO to the average of the S&P500 Index (23.33), we can say EGO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.61 | ||
| Fwd PE | 7.89 |
4.2 Price Multiples
EGO's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. EGO is cheaper than 82.58% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, EGO is valued a bit cheaper than 61.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 93.49 | ||
| EV/EBITDA | 8.46 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
EGO has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as EGO's earnings are expected to grow with 34.86% in the coming years.
PEG (NY)1.08
PEG (5Y)0.19
EPS Next 2Y50.99%
EPS Next 3Y34.86%
5. Dividend
5.1 Amount
EGO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
26.25
+0.03 (+0.11%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners81.5%
Inst Owner Change0.04%
Ins Owners0.38%
Ins Owner ChangeN/A
Market Cap5.33B
Revenue(TTM)1.57B
Net Income(TTM)327.44M
Analysts72.31
Price Target26.39 (0.53%)
Short Float %1.39%
Short Ratio1.45
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)1.28%
PT rev (3m)11.73%
EPS NQ rev (1m)0%
EPS NQ rev (3m)12.15%
EPS NY rev (1m)-1.11%
EPS NY rev (3m)5.68%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.42%
Revenue NY rev (1m)-0.34%
Revenue NY rev (3m)-3.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.61 | ||
| Fwd PE | 7.89 | ||
| P/S | 3.76 | ||
| P/FCF | 93.49 | ||
| P/OCF | 7.75 | ||
| P/B | 1.34 | ||
| P/tB | 1.37 | ||
| EV/EBITDA | 8.46 |
EPS(TTM)1.58
EY6.02%
EPS(NY)3.33
Fwd EY12.68%
FCF(TTM)0.28
FCFY1.07%
OCF(TTM)3.39
OCFY12.91%
SpS6.99
BVpS19.65
TBVpS19.19
PEG (NY)1.08
PEG (5Y)0.19
Graham Number26.43
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%
ROICexgc growth 3Y24.28%
ROICexgc 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 | 1.87 |
F-Score6
WACC7.76%
ROIC/WACC0.76
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 Y15.44%
EPS Next 2Y50.99%
EPS Next 3Y34.86%
EPS Next 5Y15.26%
Revenue 1Y (TTM)42.56%
Revenue growth 3Y12.02%
Revenue growth 5Y16.44%
Sales Q2Q%52.02%
Revenue Next Year11.37%
Revenue Next 2Y34.74%
Revenue Next 3Y16.78%
Revenue Next 5Y13.2%
EBIT growth 1Y137.8%
EBIT growth 3Y26.11%
EBIT growth 5Y49.86%
EBIT Next Year104.28%
EBIT Next 3Y48.91%
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%