ScoreWhy is B2Gold Corp. ?
1
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 45.12
2
The company has declared Positive results for the last 5 consecutive quarters
- NET SALES(HY) At CAD 2,682.11 MM has Grown at 55.75%
- ROCE(HY) Highest at 22.11%
- DEBTORS TURNOVER RATIO(HY) Highest at 54.34 times
3
With ROE of 16.26%, it has a fair valuation with a 1.44 Price to Book Value
- The stock is trading at a fair value compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 39.69%, its profits have risen by 115.2% ; the PEG ratio of the company is 0.1
4
Rising Promoter Confidence
- Promoters have increased their stake in the company by 2.3% over the previous quarter and currently hold 5.23% of the company
- Promoters increasing their stake is a sign of high confidence in the future of the business
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to B2Gold Corp. should be less than 10%
- Overall Portfolio exposure to Gems, Jewellery And Watches should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Gems, Jewellery And Watches)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is B2Gold Corp. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
B2Gold Corp.
19.3%
1.75
60.99%
S&P/TSX 60
20.36%
2.51
12.02%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
16.78%
EBIT Growth (5y)
16.60%
EBIT to Interest (avg)
40.21
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
0.01
Sales to Capital Employed (avg)
0.64
Tax Ratio
50.97%
Dividend Payout Ratio
26.36%
Pledged Shares
0
Institutional Holding
69.59%
ROCE (avg)
26.51%
ROE (avg)
13.30%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
9
Industry P/E
Price to Book Value
1.44
EV to EBIT
3.00
EV to EBITDA
2.33
EV to Capital Employed
1.45
EV to Sales
1.45
PEG Ratio
0.08
Dividend Yield
NA
ROCE (Latest)
48.14%
ROE (Latest)
16.26%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend25What is working for the Company
NET SALES(HY)
At CAD 2,682.11 MM has Grown at 55.75%
ROCE(HY)
Highest at 22.11%
DEBTORS TURNOVER RATIO(HY)
Highest at 54.34 times
PRE-TAX PROFIT(Q)
Highest at CAD 691.58 MM
NET PROFIT(Q)
Highest at CAD 460.16 MM
EPS(Q)
Highest at CAD 0.4
-13What is not working for the Company
INTEREST(HY)
At CAD 46.54 MM has Grown at 211.64%
INTEREST COVERAGE RATIO(Q)
Lowest at 2,609.88
RAW MATERIAL COST(Y)
Grown by 23.53% (YoY
OPERATING PROFIT(Q)
Lowest at CAD 555.95 MM
OPERATING PROFIT MARGIN(Q)
Lowest at 50.87 %
Here's what is working for B2Gold Corp.
Net Sales
At CAD 2,682.11 MM has Grown at 55.75%
Year on Year (YoY)MOJO Watch
Near term sales trend is positive
Net Sales (CAD MM)
Pre-Tax Profit
Highest at CAD 691.58 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (CAD MM)
Pre-Tax Profit
At CAD 691.58 MM has Grown at 61.77%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (CAD MM)
Net Profit
Highest at CAD 460.16 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (CAD MM)
Net Profit
At CAD 460.16 MM has Grown at 99.4%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is positive
Net Profit (CAD MM)
EPS
Highest at CAD 0.4
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (CAD)
Debtors Turnover Ratio
Highest at 54.34 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Here's what is not working for B2Gold Corp.
Interest
At CAD 46.54 MM has Grown at 211.64%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (CAD MM)
Interest Coverage Ratio
Lowest at 2,609.88
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Operating Profit
Lowest at CAD 555.95 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (CAD MM)
Operating Profit Margin
Lowest at 50.87 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Raw Material Cost
Grown by 23.53% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales
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