B2Gold Corp.
B2Gold Corp. Fundamental Analysis
B2Gold Corp. (BTO.TO) shows moderate financial fundamentals with a PE ratio of 14.96, profit margin of 13.18%, and ROE of 12.15%. The company generates $3.1B in annual revenue with weak year-over-year growth of -1.67%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 44.0/100 based on profitability, valuation, growth, and balance sheet metrics. The D grade reflects weak fundamentals and significant financial concerns.
Fundamental Health Score
We analyze BTO.TO's fundamental strength across five key dimensions:
Efficiency Score
WeakBTO.TO struggles to generate sufficient returns from assets.
Valuation Score
ExcellentBTO.TO trades at attractive valuation levels.
Growth Score
WeakBTO.TO faces weak or negative growth trends.
Financial Health Score
ExcellentBTO.TO maintains a strong and stable balance sheet.
Profitability Score
WeakBTO.TO struggles to sustain strong margins.
Key Financial Metrics
Is BTO.TO Expensive or Cheap?
P/E Ratio
BTO.TO trades at 14.96 times earnings. This suggests potential undervaluation.
PEG Ratio
When adjusting for growth, BTO.TO's PEG of 0.25 indicates potential undervaluation.
Price to Book
The market values B2Gold Corp. at 1.69 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 3.57 times EBITDA. This is generally considered low.
How Well Does BTO.TO Make Money?
Net Profit Margin
For every $100 in sales, B2Gold Corp. keeps $13.18 as profit after all expenses.
Operating Margin
Core operations generate 46.29 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $12.15 in profit for every $100 of shareholder equity.
ROA
B2Gold Corp. generates $6.89 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
B2Gold Corp. generates strong operating cash flow of $888.51M, reflecting robust business health.
Free Cash Flow
B2Gold Corp. generates weak or negative free cash flow of $68.17M, restricting financial flexibility.
FCF Per Share
Each share generates $0.05 in free cash annually.
FCF Yield
BTO.TO converts 1.11% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
14.96
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
0.25
vs 25 benchmark
P/B Ratio
Price to book value ratio
1.69
vs 25 benchmark
P/S Ratio
Price to sales ratio
1.98
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.18
vs 25 benchmark
Current Ratio
Current assets to current liabilities
1.06
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.12
vs 25 benchmark
ROA
Return on assets percentage
0.07
vs 25 benchmark
ROCE
Return on capital employed
0.30
vs 25 benchmark
How BTO.TO Stacks Against Its Sector Peers
| Metric | BTO.TO Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 14.96 | 23.49 | Better (Cheaper) |
| ROE | 12.15% | 883.00% | Weak |
| Net Margin | 13.18% | -94454.00% (disorted) | Strong |
| Debt/Equity | 0.18 | 0.51 | Strong (Low Leverage) |
| Current Ratio | 1.06 | 5.14 | Neutral |
| ROA | 6.89% | -6300.00% (disorted) | Weak |
BTO.TO outperforms its industry in 3 out of 6 key metrics, particularly excelling in Net Margin, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews B2Gold Corp.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
27.52%
Industry Style: Cyclical, Commodity, Value
High GrowthEPS CAGR
-266.35%
Industry Style: Cyclical, Commodity, Value
DecliningFCF CAGR
36.48%
Industry Style: Cyclical, Commodity, Value
High Growth