SANDSTORM GOLD LTD (SAND) Stock Fundamental Analysis
NYSE:SAND - New York Stock Exchange, Inc. - CA80013R2063 - Common Stock - Currency: USD
SAND gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 157 industry peers in the Metals & Mining industry. SAND has an excellent profitability rating, but there are some minor concerns on its financial health. SAND has a decent growth rate and is not valued too expensively.
1. Profitability
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.
Each year in the past 5 years SAND had a positive operating cash flow.
1.2 Ratios
The Return On Assets of SAND (1.59%) is better than 65.61% of its industry peers.
SAND's Return On Equity of 2.06% is fine compared to the rest of the industry. SAND outperforms 61.78% of its industry peers.
The Return On Invested Capital of SAND (3.22%) 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 11.67%.
The 3 year average ROIC (2.26%) for SAND is below the current ROIC(3.22%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.59% | ||
| ROE | 2.06% | ||
| ROIC | 3.22% |
ROA(3y)2.3%
ROA(5y)2.69%
ROE(3y)3.15%
ROE(5y)3.26%
ROIC(3y)2.26%
ROIC(5y)3.1%
1.3 Margins
SAND's Profit Margin of 15.80% is amongst the best of the industry. SAND outperforms 84.71% of its industry peers.
SAND's Profit Margin has declined in the last couple of years.
The Operating Margin of SAND (44.16%) is better than 94.90% of its industry peers.
In the last couple of years the Operating Margin of SAND has grown nicely.
SAND's Gross Margin of 57.03% is amongst the best of the industry. SAND outperforms 89.81% of its industry peers.
In the last couple of years the Gross Margin of SAND has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.16% | ||
| PM (TTM) | 15.8% | ||
| GM | 57.03% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SAND is destroying value.
SAND has less shares outstanding than it did 1 year ago.
SAND has more shares outstanding than it did 5 years ago.
SAND has a better debt/assets ratio than last year.
2.2 Solvency
SAND has an Altman-Z score of 4.37. This indicates that SAND is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of SAND (4.37) is better than 70.06% of its industry peers.
SAND has a debt to FCF ratio of 2.54. This is a good value and a sign of high solvency as SAND would need 2.54 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.54, SAND is doing good in the industry, outperforming 78.98% of the companies in the same industry.
A Debt/Equity ratio of 0.24 indicates that SAND is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.24, SAND perfoms like the industry average, outperforming 43.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 2.54 | ||
| Altman-Z | 4.37 |
ROIC/WACC0.37
WACC8.61%
2.3 Liquidity
SAND has a Current Ratio of 1.77. This is a normal value and indicates that SAND is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.77, SAND is not doing good in the industry: 63.06% of the companies in the same industry are doing better.
A Quick Ratio of 1.77 indicates that SAND should not have too much problems paying its short term obligations.
The Quick ratio of SAND (1.77) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.77 |
3. Growth
3.1 Past
SAND shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.00%, which is quite impressive.
Measured over the past years, SAND shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.51% on average per year.
Looking at the last year, SAND shows a small growth in Revenue. The Revenue has grown by 2.84% 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)25%
EPS 3Y-25.31%
EPS 5Y-6.51%
EPS Q2Q%500%
Revenue 1Y (TTM)2.84%
Revenue growth 3Y15.34%
Revenue growth 5Y14.54%
Sales Q2Q%16.94%
3.2 Future
Based on estimates for the next years, SAND will show a very strong growth in Earnings Per Share. The EPS will grow by 56.04% on average per year.
Based on estimates for the next years, SAND will show a small growth in Revenue. The Revenue will grow by 3.91% on average per year.
EPS Next Y251.48%
EPS Next 2Y114.37%
EPS Next 3Y71.11%
EPS Next 5Y56.04%
Revenue Next Year14.14%
Revenue Next 2Y13.24%
Revenue Next 3Y7.59%
Revenue Next 5Y3.91%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 94.30 indicates a quite expensive valuation of SAND.
SAND's Price/Earnings is on the same level as the industry average.
SAND is valuated expensively when we compare the Price/Earnings ratio to 26.82, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 41.04, SAND can be considered very expensive at the moment.
SAND's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.21, SAND is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 94.3 | ||
| Fwd PE | 41.04 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SAND is on the same level as its industry peers.
SAND's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SAND is cheaper than 80.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.62 | ||
| EV/EBITDA | 21.91 |
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.
SAND has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as SAND's earnings are expected to grow with 71.11% in the coming years.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y114.37%
EPS Next 3Y71.11%
5. Dividend
5.1 Amount
With a yearly dividend of 0.62%, SAND is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.94, SAND pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, SAND's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.62% |
5.2 History
SAND has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
SAND pays out 59.13% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP59.13%
EPS Next 2Y114.37%
EPS Next 3Y71.11%
9.43
+0.07 (+0.75%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners56.68%
Inst Owner Change0.04%
Ins Owners1.09%
Ins Owner ChangeN/A
Market Cap2.76B
Analysts78.33
Price Target10.38 (10.07%)
Short Float %1.45%
Short Ratio0.57
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.62% |
Yearly Dividend0.06
Dividend Growth(5Y)N/A
DP59.13%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-43.06%
Min EPS beat(2)-75.25%
Max EPS beat(2)-10.88%
EPS beat(4)1
Avg EPS beat(4)-20.99%
Min EPS beat(4)-75.25%
Max EPS beat(4)40.71%
EPS beat(8)2
Avg EPS beat(8)-16.77%
EPS beat(12)5
Avg EPS beat(12)16.49%
EPS beat(16)5
Avg EPS beat(16)5.04%
Revenue beat(2)1
Avg Revenue beat(2)0.47%
Min Revenue beat(2)-0.15%
Max Revenue beat(2)1.09%
Revenue beat(4)1
Avg Revenue beat(4)-0.14%
Min Revenue beat(4)-1.44%
Max Revenue beat(4)1.09%
Revenue beat(8)4
Avg Revenue beat(8)1.06%
Revenue beat(12)5
Avg Revenue beat(12)-0.22%
Revenue beat(16)6
Avg Revenue beat(16)-1.71%
PT rev (1m)-0.8%
PT rev (3m)17.13%
EPS NQ rev (1m)2.85%
EPS NQ rev (3m)15.19%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.24%
Revenue NY rev (3m)-0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 94.3 | ||
| Fwd PE | 41.04 | ||
| P/S | 15.06 | ||
| P/FCF | 20.62 | ||
| P/OCF | 19.24 | ||
| P/B | 1.96 | ||
| P/tB | 1.96 | ||
| EV/EBITDA | 21.91 |
EPS(TTM)0.1
EY1.06%
EPS(NY)0.23
Fwd EY2.44%
FCF(TTM)0.46
FCFY4.85%
OCF(TTM)0.49
OCFY5.2%
SpS0.63
BVpS4.8
TBVpS4.8
PEG (NY)0.37
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.59% | ||
| ROE | 2.06% | ||
| ROCE | 4.49% | ||
| ROIC | 3.22% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 3.24% | ||
| OM | 44.16% | ||
| PM (TTM) | 15.8% | ||
| GM | 57.03% | ||
| FCFM | 73.03% |
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%
ROICexcg growth 3Y-18.66%
ROICexcg 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-Score8
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 2.54 | ||
| Debt/EBITDA | 2.42 | ||
| Cap/Depr | 16.19% | ||
| Cap/Sales | 5.27% | ||
| Interest Coverage | 2.69 | ||
| Cash Conversion | 102.1% | ||
| Profit Quality | 462.34% | ||
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.77 | ||
| Altman-Z | 4.37 |
F-Score8
WACC8.61%
ROIC/WACC0.37
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)25%
EPS 3Y-25.31%
EPS 5Y-6.51%
EPS Q2Q%500%
EPS Next Y251.48%
EPS Next 2Y114.37%
EPS Next 3Y71.11%
EPS Next 5Y56.04%
Revenue 1Y (TTM)2.84%
Revenue growth 3Y15.34%
Revenue growth 5Y14.54%
Sales Q2Q%16.94%
Revenue Next Year14.14%
Revenue Next 2Y13.24%
Revenue Next 3Y7.59%
Revenue Next 5Y3.91%
EBIT growth 1Y30.4%
EBIT growth 3Y17.96%
EBIT growth 5Y30.71%
EBIT Next Year73.35%
EBIT Next 3Y25.98%
EBIT Next 5Y22.11%
FCF growth 1Y126.99%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y15.53%
OCF growth 3Y18.62%
OCF growth 5Y18.76%