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B2Gold Corp
TSX:BTO

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B2Gold Corp
TSX:BTO
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Price: 5.88 CAD -2.16%
Market Cap: CA$7.9B

P/OCF

6.4
Current
12%
More Expensive
vs 3-y average of 5.8

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
6.4
=
Market Cap
CA$11.1B
/
Operating Cash Flow
$895.8m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
6.4
=
Market Cap
CA$11.1B
/
Operating Cash Flow
$895.8m

Valuation Scenarios

B2Gold Corp is trading above its 3-year average

If P/OCF returns to its 3-Year Average (5.8), the stock would be worth CA$5.27 (10% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-11%
Maximum Upside
+133%
Average Upside
45%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 6.4 CA$5.88
0%
3-Year Average 5.8 CA$5.27
-10%
5-Year Average 5.7 CA$5.23
-11%
Industry Average 15 CA$13.68
+133%
Country Average 10.9 CA$10
+70%

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

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
CA
B2Gold Corp
TSX:BTO
8.3B CAD 6.4 14.4
RU
Polyus PJSC
LSE:PLZL
70.4T USD 34 229.6 34 959.7
ZA
Gold Fields Ltd
JSE:GFI
636.8B ZAR 10.3 10.9
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
163.4B ZAR 6.2 10
CN
Zijin Mining Group Co Ltd
SSE:601899
876.1B CNY 9.6 14.2
US
Newmont Corporation
NYSE:NEM
119.7B USD 11.2 16.5
CA
Agnico Eagle Mines Ltd
TSX:AEM
135B CAD 13.6 20.8
CA
Barrick Gold Corp
TSX:ABX
92.9B CAD 8.4 12.9
CA
Barrick Mining Corp
F:ABR0
55.9B EUR 8.5 13.1
CA
Wheaton Precious Metals Corp
TSX:WPM
84.5B CAD 29.7 38.4
HK
Zijin Gold International Co Ltd
HKEX:2259
407.3B HKD 59.5 32.5

Market Distribution

Lower than 74% of companies in Canada
Percentile
26th
Based on 1 917 companies
26th percentile
6.4
Low
0.1 — 7.2
Typical Range
7.2 — 17
High
17 —
Distribution Statistics
Canada
Min 0.1
30th Percentile 7.2
Median 10.9
70th Percentile 17
Max 26 053.9

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.

BTO Intrinsic Value
6.99 CAD
Undervaluation 16%
Intrinsic Value
Price CA$5.88
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