SANDSTORM GOLD LTD (SAND) Fundamental Analysis & Valuation

NYSE:SAND • CA80013R2063

12.12 USD
-0.78 (-6.05%)
At close: Oct 17, 2025
12.1897 USD
+0.07 (+0.58%)
After Hours: 10/17/2025, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

6

SAND gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 157 industry peers in the Metals & Mining industry. SAND has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. SAND is not valued too expensively and it also shows a decent growth rate. These ratings would make SAND suitable for quality investing!


Dividend Valuation Growth Profitability Health

7

1. SAND Profitability Analysis

1.1 Basic Checks

  • SAND had positive earnings in the past year.
  • In the past year SAND had a positive cash flow from operations.
  • SAND had positive earnings in each of the past 5 years.
  • SAND had a positive operating cash flow in each of the past 5 years.
SAND Yearly Net Income VS EBIT VS OCF VS FCFSAND 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 0 -200M -400M

1.2 Ratios

  • SAND has a Return On Assets of 1.88%. This is in the better half of the industry: SAND outperforms 64.52% of its industry peers.
  • With a decent Return On Equity value of 2.41%, SAND is doing good in the industry, outperforming 62.58% of the companies in the same industry.
  • SAND has a Return On Invested Capital (3.46%) which is comparable to the rest of the industry.
  • SAND had an Average Return On Invested Capital over the past 3 years of 2.26%. This is significantly below the industry average of 11.53%.
  • The 3 year average ROIC (2.26%) for SAND is below the current ROIC(3.46%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.88%
ROE 2.41%
ROIC 3.46%
ROA(3y)2.3%
ROA(5y)2.69%
ROE(3y)3.15%
ROE(5y)3.26%
ROIC(3y)2.26%
ROIC(5y)3.1%
SAND Yearly ROA, ROE, ROICSAND Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 2 3 4 5

1.3 Margins

  • With an excellent Profit Margin value of 17.78%, SAND belongs to the best of the industry, outperforming 85.16% of the companies in the same industry.
  • SAND's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 45.18%, SAND belongs to the top of the industry, outperforming 94.19% of the companies in the same industry.
  • In the last couple of years the Operating Margin of SAND has grown nicely.
  • The Gross Margin of SAND (59.70%) is better than 92.26% of its industry peers.
  • SAND's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 45.18%
PM (TTM) 17.78%
GM 59.7%
OM growth 3Y2.28%
OM growth 5Y14.11%
PM growth 3Y-30.37%
PM growth 5Y-15.07%
GM growth 3Y0.14%
GM growth 5Y7.89%
SAND Yearly Profit, Operating, Gross MarginsSAND Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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7

2. SAND Health Analysis

2.1 Basic Checks

  • SAND has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • SAND has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, SAND has more shares outstanding
  • The debt/assets ratio for SAND has been reduced compared to a year ago.
SAND Yearly Shares OutstandingSAND Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
SAND Yearly Total Debt VS Total AssetsSAND Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • An Altman-Z score of 5.76 indicates that SAND is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 5.76, SAND is in the better half of the industry, outperforming 69.03% of the companies in the same industry.
  • SAND has a debt to FCF ratio of 2.20. This is a good value and a sign of high solvency as SAND would need 2.20 years to pay back of all of its debts.
  • SAND has a better Debt to FCF ratio (2.20) than 80.00% of its industry peers.
  • SAND has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
  • SAND has a Debt to Equity ratio (0.22) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 2.2
Altman-Z 5.76
ROIC/WACC0.42
WACC8.29%
SAND Yearly LT Debt VS Equity VS FCFSAND Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

2.3 Liquidity

  • A Current Ratio of 2.40 indicates that SAND has no problem at all paying its short term obligations.
  • SAND has a Current ratio of 2.40. This is comparable to the rest of the industry: SAND outperforms 50.97% of its industry peers.
  • SAND has a Quick Ratio of 2.40. This indicates that SAND is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 2.40, SAND is in the better half of the industry, outperforming 64.52% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.4
Quick Ratio 2.4
SAND Yearly Current Assets VS Current LiabilitesSAND Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. SAND Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 20.00% over the past year.
  • SAND shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.51% yearly.
  • Looking at the last year, SAND shows a quite strong growth in Revenue. The Revenue has grown by 13.87% in the last year.
  • Measured over the past years, SAND shows a quite strong growth in Revenue. The Revenue has been growing by 14.54% on average per year.
EPS 1Y (TTM)20%
EPS 3Y-25.31%
EPS 5Y-6.51%
EPS Q2Q%66.67%
Revenue 1Y (TTM)13.87%
Revenue growth 3Y15.34%
Revenue growth 5Y14.54%
Sales Q2Q%24.29%

3.2 Future

  • SAND is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 56.04% yearly.
  • The Revenue is expected to grow by 6.55% on average over the next years.
EPS Next Y279.32%
EPS Next 2Y134.08%
EPS Next 3Y88.2%
EPS Next 5Y56.04%
Revenue Next Year10.11%
Revenue Next 2Y11.67%
Revenue Next 3Y8.3%
Revenue Next 5Y6.55%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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 decreasing.
SAND Yearly Revenue VS EstimatesSAND Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 50M 100M 150M 200M
SAND Yearly EPS VS EstimatesSAND Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 0.2 -0.2 0.4

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5

4. SAND Valuation Analysis

4.1 Price/Earnings Ratio

  • SAND is valuated quite expensively with a Price/Earnings ratio of 101.00.
  • Compared to the rest of the industry, the Price/Earnings ratio of SAND is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 26.25, SAND is valued quite expensively.
  • Based on the Price/Forward Earnings ratio of 44.24, the valuation of SAND can be described as expensive.
  • The rest of the industry has a similar Price/Forward Earnings ratio as SAND.
  • SAND's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.39.
Industry RankSector Rank
PE 101
Fwd PE 44.24
SAND Price Earnings VS Forward Price EarningsSAND Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • SAND's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, SAND is valued cheaply inside the industry as 82.58% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 25
EV/EBITDA 26.53
SAND Per share dataSAND EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

  • SAND's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • SAND has a very decent profitability rating, which may justify a higher PE ratio.
  • SAND's earnings are expected to grow with 88.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.36
PEG (5Y)N/A
EPS Next 2Y134.08%
EPS Next 3Y88.2%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. SAND Dividend Analysis

5.1 Amount

  • SAND has a yearly dividend return of 0.50%, which is pretty low.
  • SAND's Dividend Yield is a higher than the industry average which is at 1.06.
  • Compared to an average S&P500 Dividend Yield of 1.82, SAND's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.5%

5.2 History

  • SAND has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
SAND Yearly Dividends per shareSAND Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 0.02 0.04 0.06 0.08 0.1

5.3 Sustainability

  • SAND pays out 49.36% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP49.36%
EPS Next 2Y134.08%
EPS Next 3Y88.2%
SAND Yearly Income VS Free CF VS DividendSAND Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200M -400M
SAND Dividend Payout.SAND Dividend Payout, showing the Payout Ratio.SAND Dividend Payout.PayoutRetained Earnings

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SAND Fundamentals: All Metrics, Ratios and Statistics

SANDSTORM GOLD LTD

NYSE:SAND (10/17/2025, 8:04:00 PM)

After market: 12.1897 +0.07 (+0.58%)

12.12

-0.78 (-6.05%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)08-07
Earnings (Next)11-10
Inst Owners61.12%
Inst Owner Change-98.2%
Ins Owners1.32%
Ins Owner ChangeN/A
Market Cap3.57B
Revenue(TTM)193.59M
Net Income(TTM)34.42M
Analysts78.18
Price Target10.62 (-12.38%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.5%
Yearly Dividend0.06
Dividend Growth(5Y)N/A
DP49.36%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.94%
Min EPS beat(2)-10.88%
Max EPS beat(2)-0.99%
EPS beat(4)0
Avg EPS beat(4)-31.42%
Min EPS beat(4)-75.25%
Max EPS beat(4)-0.99%
EPS beat(8)2
Avg EPS beat(8)-10.99%
EPS beat(12)4
Avg EPS beat(12)-11.13%
EPS beat(16)5
Avg EPS beat(16)8.95%
Revenue beat(2)2
Avg Revenue beat(2)1.46%
Min Revenue beat(2)1.09%
Max Revenue beat(2)1.83%
Revenue beat(4)2
Avg Revenue beat(4)0.33%
Min Revenue beat(4)-1.44%
Max Revenue beat(4)1.83%
Revenue beat(8)4
Avg Revenue beat(8)0.68%
Revenue beat(12)6
Avg Revenue beat(12)0.02%
Revenue beat(16)7
Avg Revenue beat(16)-0.43%
PT rev (1m)2.08%
PT rev (3m)2.34%
EPS NQ rev (1m)3.7%
EPS NQ rev (3m)3.7%
EPS NY rev (1m)0%
EPS NY rev (3m)7.92%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.72%
Valuation
Industry RankSector Rank
PE 101
Fwd PE 44.24
P/S 18.47
P/FCF 25
P/OCF 24.18
P/B 2.5
P/tB 2.5
EV/EBITDA 26.53
EPS(TTM)0.12
EY0.99%
EPS(NY)0.27
Fwd EY2.26%
FCF(TTM)0.48
FCFY4%
OCF(TTM)0.5
OCFY4.14%
SpS0.66
BVpS4.84
TBVpS4.84
PEG (NY)0.36
PEG (5Y)N/A
Graham Number3.62
Profitability
Industry RankSector Rank
ROA 1.88%
ROE 2.41%
ROCE 4.83%
ROIC 3.46%
ROICexc 3.49%
ROICexgc 3.49%
OM 45.18%
PM (TTM) 17.78%
GM 59.7%
FCFM 73.87%
ROA(3y)2.3%
ROA(5y)2.69%
ROE(3y)3.15%
ROE(5y)3.26%
ROIC(3y)2.26%
ROIC(5y)3.1%
ROICexc(3y)2.28%
ROICexc(5y)3.3%
ROICexgc(3y)2.28%
ROICexgc(5y)3.3%
ROCE(3y)3.15%
ROCE(5y)4.33%
ROICexgc growth 3Y-18.66%
ROICexgc growth 5Y4.72%
ROICexc growth 3Y-18.66%
ROICexc growth 5Y4.72%
OM growth 3Y2.28%
OM growth 5Y14.11%
PM growth 3Y-30.37%
PM growth 5Y-15.07%
GM growth 3Y0.14%
GM growth 5Y7.89%
F-Score9
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 2.2
Debt/EBITDA 2.16
Cap/Depr 8.3%
Cap/Sales 2.5%
Interest Coverage 3.02
Cash Conversion 101.43%
Profit Quality 415.42%
Current Ratio 2.4
Quick Ratio 2.4
Altman-Z 5.76
F-Score9
WACC8.29%
ROIC/WACC0.42
Cap/Depr(3y)359.89%
Cap/Depr(5y)302.38%
Cap/Sales(3y)145.51%
Cap/Sales(5y)114.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)20%
EPS 3Y-25.31%
EPS 5Y-6.51%
EPS Q2Q%66.67%
EPS Next Y279.32%
EPS Next 2Y134.08%
EPS Next 3Y88.2%
EPS Next 5Y56.04%
Revenue 1Y (TTM)13.87%
Revenue growth 3Y15.34%
Revenue growth 5Y14.54%
Sales Q2Q%24.29%
Revenue Next Year10.11%
Revenue Next 2Y11.67%
Revenue Next 3Y8.3%
Revenue Next 5Y6.55%
EBIT growth 1Y38.46%
EBIT growth 3Y17.96%
EBIT growth 5Y30.71%
EBIT Next Year81.13%
EBIT Next 3Y26.32%
EBIT Next 5Y22.11%
FCF growth 1Y131.12%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y10.83%
OCF growth 3Y18.62%
OCF growth 5Y18.76%

SANDSTORM GOLD LTD / SAND FAQ

What is the ChartMill fundamental rating of SANDSTORM GOLD LTD (SAND) stock?

ChartMill assigns a fundamental rating of 6 / 10 to SAND.


What is the valuation status for SAND stock?

ChartMill assigns a valuation rating of 5 / 10 to SANDSTORM GOLD LTD (SAND). This can be considered as Fairly Valued.


What is the profitability of SAND stock?

SANDSTORM GOLD LTD (SAND) has a profitability rating of 7 / 10.


What are the PE and PB ratios of SANDSTORM GOLD LTD (SAND) stock?

The Price/Earnings (PE) ratio for SANDSTORM GOLD LTD (SAND) is 101 and the Price/Book (PB) ratio is 2.5.


Can you provide the dividend sustainability for SAND stock?

The dividend rating of SANDSTORM GOLD LTD (SAND) is 2 / 10 and the dividend payout ratio is 49.36%.