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B2Gold Corp
AMEX:BTG

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B2Gold Corp
AMEX:BTG
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Price: 4.97 USD 0.4% Market Closed
Market Cap: $6.5B

EV/OCF

7.6
Current
46%
More Expensive
vs 3-y average of 5.2

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
7.6
=
Enterprise Value
$11.3B
/
Operating Cash Flow
$895.8m

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
7.6
=
Enterprise Value
$11.3B
/
Operating Cash Flow
$895.8m

Valuation Scenarios

B2Gold Corp is trading above its 3-year average

If EV/OCF returns to its 3-Year Average (5.2), the stock would be worth $3.41 (31% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-35%
Maximum Upside
+57%
Average Upside
6%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 7.6 $4.97
0%
3-Year Average 5.2 $3.41
-31%
5-Year Average 5 $3.25
-35%
Industry Average 10.2 $6.67
+34%
Country Average 11.9 $7.79
+57%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
CA
B2Gold Corp
AMEX:BTG
9.1B USD 7.6 16.5
RU
Polyus PJSC
LSE:PLZL
70.4T USD 34 229.3 34 959.7
ZA
Gold Fields Ltd
JSE:GFI
653.6B ZAR 10.9 11.2
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
171.1B ZAR 6.3 10.5
CN
Zijin Mining Group Co Ltd
SSE:601899
912.3B CNY 10.7 14.7
US
Newmont Corporation
NYSE:NEM
131.4B USD 12.2 18.6
CA
Agnico Eagle Mines Ltd
TSX:AEM
136.2B CAD 14.3 22.4
CA
Barrick Gold Corp
TSX:ABX
92.2B CAD 8.7 13.8
CA
Barrick Mining Corp
F:ABR0
57.1B EUR 8.7 13.8
CA
Wheaton Precious Metals Corp
TSX:WPM
88.1B CAD 32.3 42.5
HK
Zijin Gold International Co Ltd
HKEX:2259
422.6B HKD 58.1 33.8

Market Distribution

Lower than 84% of companies in Canada
Percentile
16th
Based on 1 926 companies
16th percentile
5.5
Low
0 — 7.9
Typical Range
7.9 — 19.5
High
19.5 —
Distribution Statistics
Canada
Min 0
30th Percentile 7.9
Median 11.9
70th Percentile 19.5
Max 22 577.3

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 48%
Intrinsic Value
Price $4.97
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