OREZONE GOLD CORP (ORE.CA) Fundamental Analysis & Valuation

TSX:ORE • CA68616T1093

Current stock price

2.21 CAD
+0.06 (+2.79%)
Last:

This ORE.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. ORE.CA Profitability Analysis

1.1 Basic Checks

  • In the past year ORE was profitable.
  • In the past year ORE had a positive cash flow from operations.
  • ORE had positive earnings in 4 of the past 5 years.
  • ORE had a positive operating cash flow in 4 of the past 5 years.
ORE.CA Yearly Net Income VS EBIT VS OCF VS FCFORE.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M 150M

1.2 Ratios

  • ORE has a Return On Assets of 9.73%. This is amongst the best in the industry. ORE outperforms 91.79% of its industry peers.
  • ORE has a Return On Equity of 16.22%. This is amongst the best in the industry. ORE outperforms 93.28% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 21.15%, ORE belongs to the top of the industry, outperforming 98.01% of the companies in the same industry.
  • ORE had an Average Return On Invested Capital over the past 3 years of 21.65%. This is significantly above the industry average of 12.70%.
Industry RankSector Rank
ROA 9.73%
ROE 16.22%
ROIC 21.15%
ROA(3y)11.88%
ROA(5y)4.56%
ROE(3y)22.27%
ROE(5y)7.8%
ROIC(3y)21.65%
ROIC(5y)N/A
ORE.CA Yearly ROA, ROE, ROICORE.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100

1.3 Margins

  • The Profit Margin of ORE (17.23%) is better than 93.03% of its industry peers.
  • In the last couple of years the Profit Margin of ORE has grown nicely.
  • With an excellent Operating Margin value of 40.10%, ORE belongs to the best of the industry, outperforming 96.14% of the companies in the same industry.
  • ORE's Operating Margin has improved in the last couple of years.
  • The Gross Margin of ORE (45.12%) is better than 93.16% of its industry peers.
  • ORE's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 40.1%
PM (TTM) 17.23%
GM 45.12%
OM growth 3Y138.11%
OM growth 5YN/A
PM growth 3Y100.39%
PM growth 5YN/A
GM growth 3Y5.56%
GM growth 5YN/A
ORE.CA Yearly Profit, Operating, Gross MarginsORE.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

3

2. ORE.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ORE is creating value.
  • ORE has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for ORE has been increased compared to 5 years ago.
  • Compared to 1 year ago, ORE has an improved debt to assets ratio.
ORE.CA Yearly Shares OutstandingORE.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
ORE.CA Yearly Total Debt VS Total AssetsORE.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

  • ORE has an Altman-Z score of 3.41. This indicates that ORE is financially healthy and has little risk of bankruptcy at the moment.
  • ORE's Altman-Z score of 3.41 is in line compared to the rest of the industry. ORE outperforms 51.24% of its industry peers.
  • ORE has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
  • ORE has a worse Debt to Equity ratio (0.11) than 63.68% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Altman-Z 3.41
ROIC/WACC1.82
WACC11.61%
ORE.CA Yearly LT Debt VS Equity VS FCFORE.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M

2.3 Liquidity

  • ORE has a Current Ratio of 1.05. This is a normal value and indicates that ORE is financially healthy and should not expect problems in meeting its short term obligations.
  • ORE's Current ratio of 1.05 is on the low side compared to the rest of the industry. ORE is outperformed by 61.69% of its industry peers.
  • A Quick Ratio of 0.72 indicates that ORE may have some problems paying its short term obligations.
  • ORE has a Quick ratio of 0.72. This is in the lower half of the industry: ORE underperforms 65.92% of its industry peers.
Industry RankSector Rank
Current Ratio 1.05
Quick Ratio 0.72
ORE.CA Yearly Current Assets VS Current LiabilitesORE.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

3

3. ORE.CA Growth Analysis

3.1 Past

  • ORE shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by 0.00%.
  • The Revenue has grown by 32.84% in the past year. This is a very strong growth!
  • The Revenue has been growing by 105.45% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)0%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-28.57%
Revenue 1Y (TTM)32.84%
Revenue growth 3Y105.45%
Revenue growth 5YN/A
Sales Q2Q%42.05%

3.2 Future

  • Based on estimates for the next years, ORE will show a decrease in Earnings Per Share. The EPS will decrease by -6.86% on average per year.
  • The Revenue is expected to decrease by -11.85% on average over the next years. This is quite bad
EPS Next Y387.52%
EPS Next 2Y170.24%
EPS Next 3Y94.7%
EPS Next 5Y-6.86%
Revenue Next Year230.92%
Revenue Next 2Y104.31%
Revenue Next 3Y61.74%
Revenue Next 5Y-11.85%

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
ORE.CA Yearly Revenue VS EstimatesORE.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B
ORE.CA Yearly EPS VS EstimatesORE.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.2 0.4 0.6 0.8

8

4. ORE.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 12.28, ORE is valued correctly.
  • 94.65% of the companies in the same industry are more expensive than ORE, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 25.23. ORE is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 2.53, which indicates a rather cheap valuation of ORE.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ORE indicates a rather cheap valuation: ORE is cheaper than 99.00% of the companies listed in the same industry.
  • ORE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.51.
Industry RankSector Rank
PE 12.28
Fwd PE 2.53
ORE.CA Price Earnings VS Forward Price EarningsORE.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ORE indicates a rather cheap valuation: ORE is cheaper than 97.51% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 5.32
ORE.CA Per share dataORE.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 0.4 0.6 0.8

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.
  • ORE has an outstanding profitability rating, which may justify a higher PE ratio.
  • ORE's earnings are expected to grow with 94.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.03
PEG (5Y)N/A
EPS Next 2Y170.24%
EPS Next 3Y94.7%

0

5. ORE.CA Dividend Analysis

5.1 Amount

  • ORE does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

ORE.CA Fundamentals: All Metrics, Ratios and Statistics

OREZONE GOLD CORP

TSX:ORE (3/25/2026, 7:00:00 PM)

2.21

+0.06 (+2.79%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-01
Earnings (Next)05-12
Inst Owners17.51%
Inst Owner ChangeN/A
Ins Owners2.08%
Ins Owner ChangeN/A
Market Cap1.33B
Revenue(TTM)376.62M
Net Income(TTM)64.90M
Analysts77.14
Price Target3.59 (62.44%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-55.64%
Min EPS beat(2)-82%
Max EPS beat(2)-29.28%
EPS beat(4)0
Avg EPS beat(4)-38.22%
Min EPS beat(4)-82%
Max EPS beat(4)-0.99%
EPS beat(8)1
Avg EPS beat(8)-27.74%
EPS beat(12)3
Avg EPS beat(12)-24.98%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.44%
PT rev (3m)50.59%
EPS NQ rev (1m)83.33%
EPS NQ rev (3m)83.33%
EPS NY rev (1m)64.05%
EPS NY rev (3m)64.05%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)17.29%
Revenue NY rev (3m)88.35%
Valuation
Industry RankSector Rank
PE 12.28
Fwd PE 2.53
P/S 2.56
P/FCF N/A
P/OCF 9.68
P/B 2.41
P/tB 2.41
EV/EBITDA 5.32
EPS(TTM)0.18
EY8.14%
EPS(NY)0.87
Fwd EY39.53%
FCF(TTM)-0.09
FCFYN/A
OCF(TTM)0.23
OCFY10.33%
SpS0.86
BVpS0.92
TBVpS0.92
PEG (NY)0.03
PEG (5Y)N/A
Graham Number1.93
Profitability
Industry RankSector Rank
ROA 9.73%
ROE 16.22%
ROCE 31.15%
ROIC 21.15%
ROICexc 26.51%
ROICexgc 26.51%
OM 40.1%
PM (TTM) 17.23%
GM 45.12%
FCFM N/A
ROA(3y)11.88%
ROA(5y)4.56%
ROE(3y)22.27%
ROE(5y)7.8%
ROIC(3y)21.65%
ROIC(5y)N/A
ROICexc(3y)25.72%
ROICexc(5y)N/A
ROICexgc(3y)25.72%
ROICexgc(5y)N/A
ROCE(3y)31.88%
ROCE(5y)N/A
ROICexgc growth 3Y271.43%
ROICexgc growth 5YN/A
ROICexc growth 3Y271.43%
ROICexc growth 5YN/A
OM growth 3Y138.11%
OM growth 5YN/A
PM growth 3Y100.39%
PM growth 5YN/A
GM growth 3Y5.56%
GM growth 5YN/A
F-Score5
Asset Turnover0.56
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Debt/EBITDA 0.24
Cap/Depr 413.95%
Cap/Sales 37.12%
Interest Coverage 10.01
Cash Conversion 53.83%
Profit Quality N/A
Current Ratio 1.05
Quick Ratio 0.72
Altman-Z 3.41
F-Score5
WACC11.61%
ROIC/WACC1.82
Cap/Depr(3y)242.82%
Cap/Depr(5y)6799.84%
Cap/Sales(3y)23.37%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-28.57%
EPS Next Y387.52%
EPS Next 2Y170.24%
EPS Next 3Y94.7%
EPS Next 5Y-6.86%
Revenue 1Y (TTM)32.84%
Revenue growth 3Y105.45%
Revenue growth 5YN/A
Sales Q2Q%42.05%
Revenue Next Year230.92%
Revenue Next 2Y104.31%
Revenue Next 3Y61.74%
Revenue Next 5Y-11.85%
EBIT growth 1Y58.64%
EBIT growth 3Y389.19%
EBIT growth 5YN/A
EBIT Next Year67.77%
EBIT Next 3Y24.8%
EBIT Next 5Y-22.76%
FCF growth 1Y-477.16%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y72.41%
OCF growth 3Y147.27%
OCF growth 5YN/A

OREZONE GOLD CORP / ORE.CA Fundamental Analysis FAQ

What is the fundamental rating for ORE stock?

ChartMill assigns a fundamental rating of 5 / 10 to ORE.CA.


Can you provide the valuation status for OREZONE GOLD CORP?

ChartMill assigns a valuation rating of 8 / 10 to OREZONE GOLD CORP (ORE.CA). This can be considered as Undervalued.


How profitable is OREZONE GOLD CORP (ORE.CA) stock?

OREZONE GOLD CORP (ORE.CA) has a profitability rating of 9 / 10.


How financially healthy is OREZONE GOLD CORP?

The financial health rating of OREZONE GOLD CORP (ORE.CA) is 3 / 10.


What is the earnings growth outlook for OREZONE GOLD CORP?

The Earnings per Share (EPS) of OREZONE GOLD CORP (ORE.CA) is expected to grow by 387.52% in the next year.