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B2Gold Corp
AMEX:BTG

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B2Gold Corp
AMEX:BTG
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Price: 4.36 USD -3.11% Market Closed
Market Cap: $5.7B

EV/GP

3.9
Current
24%
Cheaper
vs 3-y average of 5.1

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
3.9
=
Enterprise Value
$11.3B
/
Gross Profit
$1.5B

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
3.9
=
Enterprise Value
$11.3B
/
Gross Profit
$1.5B

Valuation Scenarios

B2Gold Corp is trading below its 3-year average

If EV/GP returns to its 3-Year Average (5.1), the stock would be worth $5.7 (31% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+163%
Average Upside
71%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 3.9 $4.36
0%
3-Year Average 5.1 $5.7
+31%
5-Year Average 4.7 $5.18
+19%
Industry Average 10.3 $11.46
+163%
Country Average 6.6 $7.39
+70%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
Close
Market Cap EV/GP P/E
CA
B2Gold Corp
AMEX:BTG
8.2B USD 3.9 14.5
RU
Polyus PJSC
LSE:PLZL
70.4T USD 18 138.2 34 959.7
ZA
Gold Fields Ltd
JSE:GFI
636.8B ZAR 7.9 10.9
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
164.6B ZAR 5.4 10.1
CN
Zijin Mining Group Co Ltd
SSE:601899
885.4B CNY 9 14.4
US
Newmont Corporation
NYSE:NEM
118.3B USD 7.9 16.7
CA
Agnico Eagle Mines Ltd
TSX:AEM
127.7B CAD 10.3 20.4
CA
Barrick Gold Corp
TSX:ABX
89.4B CAD 7.2 13
CA
Barrick Mining Corp
F:ABR0
55.5B EUR 7.3 13.1
CA
Wheaton Precious Metals Corp
TSX:WPM
77.9B CAD 32.9 38.2
HK
Zijin Gold International Co Ltd
HKEX:2259
403.6B HKD 17.1 32.2

Market Distribution

Lower than 80% of companies in Canada
Percentile
20th
Based on 1 947 companies
20th percentile
2.8
Low
0.1 — 3.8
Typical Range
3.8 — 10.6
High
10.6 —
Distribution Statistics
Canada
Min 0.1
30th Percentile 3.8
Median 6.6
70th Percentile 10.6
Max 259 067.6

B2Gold Corp
Glance View

B2Gold Corp. stands as a dynamic presence in the international gold mining industry, weaving its story through both its resource-rich mining operations and robust financial stewardship. Founded in 2007 and headquartered in Vancouver, British Columbia, the company has rapidly ascended from its original ventures in Nicaragua to establish mines across Mali, the Philippines, and Namibia. With a keen eye on efficiency and expansion, B2Gold focuses on the full spectrum of mining activities: from exploration and development to production and sale. This comprehensive approach enables the company to consistently optimize its operations, harnessing the economies of scale and technological advancements to bolster production while managing costs effectively. Central to B2Gold's business model is its strategic emphasis on low-cost production. By rigorously controlling expenses, the company maintains profitability even amid fluctuating gold prices, thus ensuring steady financial health and shareholder value. The company's revenue generation primarily hinges on gold sales, a process dictated by both market prices and its prowess in extraction efficiency. B2Gold's management also prides itself on leveraging operational excellence and local expertise to navigate geopolitical challenges and build strong community relationships in its operating locales. This synergy of strategic insight and operational prowess crafts B2Gold's narrative as a formidable player in the quest for gold amidst the volatility of global markets.

BTG Intrinsic Value
9.62 USD
Undervaluation 55%
Intrinsic Value
Price $4.36
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