B2Gold Corp.Find Ratings Reports
B2GOLD CORP's gross profit margin for the second quarter of its fiscal year 2019 has decreased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. B2GOLD CORP has weak liquidity. Currently, the Quick Ratio is 0.55 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 4.44% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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|Income Statement||Q2 FY19||Q2 FY18|
|Net Sales ($mil)||267.21||242.31|
|Net Income ($mil)||37.9||20.81|
|Balance Sheet||Q2 FY19||Q2 FY18|
|Cash & Equiv. ($mil)||113.52||106.95|
|Total Assets ($mil)||2596.11||2638.37|
|Total Debt ($mil)||447.09||577.84|
|Profitability||Q2 FY19||Q2 FY18|
|Gross Profit Margin||57.26||60.47|
|Return on Assets||0.45||4.49|
|Return on Equity||1.41||8.14|
|Debt||Q2 FY19||Q2 FY18|
|Share Data||Q2 FY19||Q2 FY18|
|Shares outstanding (mil)||1009.93||985.86|
|Div / share||0.0||0.0|
|Book value / share||1.7||1.66|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||8013908.0||4462350.0|
BUY. B2GOLD CORP's P/E ratio indicates a significant premium compared to an average of 21.76 for the Mining (except Oil and Gas) subsector and a significant premium compared to the S&P 500 average of 21.72. For additional comparison, its price-to-book ratio of 2.03 indicates a discount versus the S&P 500 average of 3.24 and a discount versus the subsector average of 2.20. The current price-to-sales ratio is well above the S&P 500 average, but below the subsector average.
|BTG 172.50||Peers 22.64||BTG 8.99||Peers 8.87|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.
BTG is trading at a significant premium to its peers.
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
BTG is trading at a valuation on par to its peers.
|BTG NA||Peers 13.88||BTG NA||Peers 0.27|
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.
Ratio not available.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|BTG 2.03||Peers 2.20||BTG -80.00||Peers -7.44|
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
BTG is trading at a valuation on par with its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, BTG is expected to significantly trail its peers on the basis of its earnings growth rate.
|BTG 3.09||Peers 3.32||BTG 29.77||Peers 2.31|
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
BTG is trading at a valuation on par with its subsector on this measurement.
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share.
BTG has a sales growth rate that significantly exceeds its peers.