B2Gold Corp
TSX:BTO

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B2Gold Corp
TSX:BTO
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Price: 3.85 CAD 2.67%
Market Cap: 5B CAD
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Relative Value

The Relative Value of one BTO stock under the Base Case scenario is 5.37 CAD. Compared to the current market price of 3.85 CAD, B2Gold Corp is Undervalued by 28%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

BTO Relative Value
Base Case
5.37 CAD
Undervaluation 28%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
85
vs Industry
49
Median 3Y
2
Median 5Y
2.2
Industry
1.8
Forward
1.9
vs History
vs Industry
0
Median 3Y
9.5
Median 5Y
9.6
Industry
16
Forward
10.7
vs History
88
vs Industry
28
Median 3Y
5.4
Median 5Y
5.8
Industry
9.6
vs History
47
vs Industry
15
Median 3Y
18.2
Median 5Y
17.3
Industry
15.3
vs History
71
vs Industry
52
Median 3Y
1.2
Median 5Y
1.4
Industry
1.5
vs History
73
vs Industry
53
Median 3Y
1.8
Median 5Y
2
Industry
2.2
Forward
1.8
vs History
61
vs Industry
50
Median 3Y
4.6
Median 5Y
4.7
Industry
7.6
vs History
50
vs Industry
25
Median 3Y
3.3
Median 5Y
3.4
Industry
10.5
Forward
3.5
vs History
49
vs Industry
17
Median 3Y
5.2
Median 5Y
5.5
Industry
13.5
Forward
5.4
vs History
87
vs Industry
31
Median 3Y
4.8
Median 5Y
5.1
Industry
10.8
vs History
3
vs Industry
14
Median 3Y
13.8
Median 5Y
12.3
Industry
13.9
vs History
87
vs Industry
57
Median 3Y
1
Median 5Y
1.2
Industry
1.3

Multiples Across Competitors

BTO Competitors Multiples
B2Gold Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
B2Gold Corp
TSX:BTO
5B CAD 1.9 -4.9 3.4 5.6
RU
Polyus PJSC
LSE:PLZL
70.4T USD 14 444 44 952.7 24 799.1 28 458.6
ZA
Gold Fields Ltd
JSE:GFI
222.5B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
105.7B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
414.9B CNY 1.4 16 13.6 13.6
US
Newmont Corporation
NYSE:NEM
46.6B USD 2.8 -38.6 9.3 17
CA
Agnico Eagle Mines Ltd
TSX:AEM
52.9B CAD 4.8 37.6 9 14.1
CA
Barrick Gold Corp
TSX:ABX
41B CAD 2.4 18.2 5.4 8.5
CA
Wheaton Precious Metals Corp
TSX:WPM
37.5B CAD 22 44 28.7 39.4
CA
Franco-Nevada Corp
TSX:FNV
30.5B CAD 20.1 -36.4 22.2 29.8
RU
Polyus PAO
MOEX:PLZL
1.9T RUB 3.6 7.7 6.5 7.4
P/E Multiple
Earnings Growth
CA
B2Gold Corp
TSX:BTO
Average P/E: 7 512.7
Negative Multiple: -4.9
4 677%
RU
P
Polyus PJSC
LSE:PLZL
44 952.7
N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
192%
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
99%
CN
Zijin Mining Group Co Ltd
SSE:601899
16
102%
US
Newmont Corporation
NYSE:NEM
Negative Multiple: -38.6 N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
37.6
7%
CA
Barrick Gold Corp
TSX:ABX
18.2
152%
CA
Wheaton Precious Metals Corp
TSX:WPM
44
48%
CA
Franco-Nevada Corp
TSX:FNV
Negative Multiple: -36.4 N/A
RU
Polyus PAO
MOEX:PLZL
7.7
N/A

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