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Sandstorm Gold Ltd
TSX:SSL

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Sandstorm Gold Ltd Logo
Sandstorm Gold Ltd
TSX:SSL
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Price: 7.1 CAD 1.57% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Sandstorm Gold Ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. [ Read More ]

The intrinsic value of one SSL stock under the Base Case scenario is 3.13 CAD. Compared to the current market price of 7.1 CAD, Sandstorm Gold Ltd is Overvalued by 56%.

Key Points:
SSL Intrinsic Value
Base Case
3.13 CAD
Overvaluation 56%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Sandstorm Gold Ltd

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Fundamental Analysis

Sandstorm Announces Moderate Pullback and Future Growth
2023-Q4 Earnings Call

Sandstorm Announces Moderate Pullback and Future Growth

Sandstorm Gold Ltd. forecasts a 2024 production midpoint of 82,500 gold equivalent ounces, with a short-term pullback from 2023's production due to non-recurring payments and stream restructuring. This dip is anticipated to be temporary as new mines such as Greenstone are expected to contribute significantly to the future, potentially adding 10,000 ounces per year at full operation. The production guidance is quite broad, between 75,000 and 90,000 ounces, with substantial narrowing expected quarterly. A two-year delay in major assets like Hod Maden would only reduce the company's NAV by 1.3%, showing resilience in growth projections. By 2028, 80% of revenue is expected from gold, minimizing fluctuations from other commodities. Debt reduction is also a key focus, targeting below $350 million by year-end to enable share repurchases and lower financial risk. Cash flow from operations is robust, contributing to aggressive debt repayment and is expected to grow with the initiation of new projects.

Financials

Balance Sheet Decomposition
Sandstorm Gold Ltd

Current Assets 53.8m
Cash & Short-Term Investments 33.4m
Receivables 16.1m
Other Current Assets 4.3m
Non-Current Assets 1.9B
Long-Term Investments 288m
PP&E 1.6B
Other Non-Current Assets 29.2m
Current Liabilities 16.2m
Accounts Payable 5.7m
Other Current Liabilities 10.5m
Non-Current Liabilities 486.2m
Long-Term Debt 452.2m
Other Non-Current Liabilities 34m
Efficiency

Earnings Waterfall
Sandstorm Gold Ltd

Revenue
179.6m USD
Cost of Revenue
-97m USD
Gross Profit
82.6m USD
Operating Expenses
-21.9m USD
Operating Income
60.8m USD
Other Expenses
-19m USD
Net Income
41.7m USD

Free Cash Flow Analysis
Sandstorm Gold Ltd

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3-Years Average
FCF Margin
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Fundamental Scores

SSL Profitability Score
Profitability Due Diligence

Sandstorm Gold Ltd's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Operating Income
Positive Net Income
Exceptional 3-Years Revenue Growth
50/100
Profitability
Score

Sandstorm Gold Ltd's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

SSL Solvency Score
Solvency Due Diligence

Sandstorm Gold Ltd's solvency score is 50/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
Low D/E
Average Altman Z-Score
50/100
Solvency
Score

Sandstorm Gold Ltd's solvency score is 50/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

SSL Price Targets Summary
Sandstorm Gold Ltd

Wall Street analysts forecast SSL stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SSL is 8.79 CAD with a low forecast of 7.07 CAD and a high forecast of 10.96 CAD.

Lowest
Price Target
7.07 CAD
0% Downside
Average
Price Target
8.79 CAD
24% Upside
Highest
Price Target
10.96 CAD
54% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

SSL Price
Sandstorm Gold Ltd

1M 1M
+24%
6M 6M
+12%
1Y 1Y
-9%
3Y 3Y
-16%
5Y 5Y
-1%
10Y 10Y
+16%
Annual Price Range
7.1
52w Low
5.37
52w High
8.3294
Price Metrics
Average Annual Return 2.48%
Standard Deviation of Annual Returns 22.54%
Max Drawdown -61%
Shares Statistics
Market Capitalization 2.1B CAD
Shares Outstanding 296 182 000
Percentage of Shares Shorted 2.34%

SSL Return Decomposition
Main factors of price return

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SSL News

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Company Profile

Sandstorm Gold Ltd Logo
Sandstorm Gold Ltd

Country

Canada

Industry

Metals & Mining

Market Cap

2.1B CAD

Dividend Yield

1.17%

Description

Sandstorm Gold Ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2007-08-13. The firm offers financing solutions to the gold mining companies. The firm has acquired a portfolio of over 229 royalties, of which approximately 28 of the underlying mines are producing. The company is focused on investments towards production profile through the acquisition of additional gold royalties. The firm's projects include Altintepe, Aurizona, Black Fox, Bracemac-McLeod, Cerro Moro, Chapada, Agi Dagi, Hugo North Extension, Kirazli, Prairie Creek, Altan Nar, Goldwedge, Ruddock Creek, Emigrant, Forrestania, Fruta del Norte, Gualcamayo, HM Claim, Hounde, Karma, Triangle Zone, Ajax, Bayan Khundii, Buffelsfontein, Coringa and Hackett River.

Contact

BRITISH COLUMBIA
Vancouver
Suite 1400 - 400 Burrard Street
+16046890234.0
https://sandstormgold.com

IPO

2007-08-13

Employees

23

Officers

Co-Founder, President, CEO & Non-Independent Director
Mr. Nolan Allan Watson BComm, CA, CFA, F.C.A., FCPA
Co-Founder, Senior Executive VP & Non-Independent Director
Mr. David I. Awram B.Sc.
Chief Financial Officer
Mr. Erfan Kazemi-Esfahani CA, CFA, CPA
Executive Vice President of Corporate Development
Mr. Ian Grundy C.A., C.F.A., CPA
Executive Vice President of Project Evaluation
Mr. Thomas S. Bruington II, M.Sc., P.E., P.Eng.
Senior Vice President of Finance
Mr. Ron Ho CPA, CA, CFA
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Vice President of Geology
Mr. Keith A. Laskowski M.Sc., QP
Vice President of Capital Markets
Ms. Kim Bergen C.F.A.
Corporate Secretary
Ms. Christine S. Gregory
VP & Corporate Controller
Ms. Livia Danila C.A., CPA
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See Also

Discover More
What is the Intrinsic Value of one SSL stock?

The intrinsic value of one SSL stock under the Base Case scenario is 3.13 CAD.

Is SSL stock undervalued or overvalued?

Compared to the current market price of 7.1 CAD, Sandstorm Gold Ltd is Overvalued by 56%.