Sandstorm Gold Ltd
TSX:SSL
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%.
Valuation Backtest
Sandstorm Gold Ltd
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Fundamental Analysis
Sandstorm Announces Moderate Pullback and Future Growth
2023-Q4 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Shareholder Return
SSL Price
Sandstorm Gold Ltd
Average Annual Return | 2.48% |
Standard Deviation of Annual Returns | 22.54% |
Max Drawdown | -61% |
Market Capitalization | 2.1B CAD |
Shares Outstanding | 296 182 000 |
Percentage of Shares Shorted | 2.34% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.