B2Gold Corp
TSX:BTO

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B2Gold Corp
TSX:BTO
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Price: 6.37 CAD 0.31% Market Closed
Market Cap: 8.5B CAD

Relative Value

The Relative Value of one BTO stock under the Base Case scenario is 11.69 CAD. Compared to the current market price of 6.37 CAD, B2Gold Corp is Undervalued by 46%.

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
11.69 CAD
Undervaluation 46%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
14
vs Industry
49
Median 3Y
2.1
Median 5Y
2.1
Industry
2
Forward
1.9
vs History
6
vs Industry
0
Median 3Y
13.3
Median 5Y
8.5
Industry
18.8
Forward
8.6
vs History
9
vs Industry
26
Median 3Y
5.8
Median 5Y
5.7
Industry
10.9
vs History
22
vs Industry
12
Median 3Y
22
Median 5Y
17.6
Industry
18.4
vs History
9
vs Industry
42
Median 3Y
1.2
Median 5Y
1.3
Industry
2.1
vs History
7
vs Industry
48
Median 3Y
1.9
Median 5Y
1.9
Industry
2.5
Forward
2
vs History
11
vs Industry
42
Median 3Y
5.1
Median 5Y
4.7
Industry
8.3
vs History
6
vs Industry
26
Median 3Y
3.7
Median 5Y
3.4
Industry
12.3
Forward
3.5
vs History
17
vs Industry
22
Median 3Y
6
Median 5Y
5.5
Industry
14.9
Forward
4.3
vs History
9
vs Industry
27
Median 3Y
5.2
Median 5Y
5
Industry
12.4
vs History
vs Industry
14
Median 3Y
13.2
Median 5Y
9.5
Industry
16.8
vs History
25
vs Industry
48
Median 3Y
0.9
Median 5Y
1.1
Industry
1.9

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
8.5B CAD 2.5 28.1 4.5 6.2
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 658.4 36 283.3 20 016.4 22 970.1
ZA
Gold Fields Ltd
JSE:GFI
661.2B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
211.3B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
802.7B CNY 2.5 17.6 15.8 15.8
US
Newmont Corporation
NYSE:NEM
108.8B USD 5.1 15.1 9.1 11.6
CA
Agnico Eagle Mines Ltd
TSX:AEM
116.4B CAD 8 24.5 12.1 15.8
AU
Greatland Gold PLC
ASX:GGP
123.2B AUD 63.9 181.5 130.7 146.7
CA
Barrick Gold Corp
TSX:ABX
100.6B CAD 5 20.4 8.7 11.1
CA
Barrick Mining Corp
F:ABR0
61.4B EUR 5 20.2 8.6 11
CA
Wheaton Precious Metals Corp
TSX:WPM
72.4B CAD 28.7 52.5 38.3 48.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
B2Gold Corp
TSX:BTO
Average EV/EBITDA: 2 249.4
4.5
43%
0.1
RU
P
Polyus PJSC
LSE:PLZL
20 016.4
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
34%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
30%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
15.8
33%
0.5
US
Newmont Corporation
NYSE:NEM
9.1
24%
0.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
12.1
27%
0.4
AU
G
Greatland Gold PLC
ASX:GGP
130.7
-5%
N/A
CA
Barrick Gold Corp
TSX:ABX
8.7
33%
0.3
CA
Barrick Mining Corp
F:ABR0
8.6
33%
0.3
CA
Wheaton Precious Metals Corp
TSX:WPM
38.3
32%
1.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
B2Gold Corp
TSX:BTO
Average EV/EBIT: 2 581.9
6.2
35%
0.2
RU
P
Polyus PJSC
LSE:PLZL
22 970.1
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
39%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
32%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
15.8
27%
0.6
US
Newmont Corporation
NYSE:NEM
11.6
30%
0.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
15.8
36%
0.4
AU
G
Greatland Gold PLC
ASX:GGP
146.7
-3%
N/A
CA
Barrick Gold Corp
TSX:ABX
11.1
43%
0.3
CA
Barrick Mining Corp
F:ABR0
11
43%
0.3
CA
Wheaton Precious Metals Corp
TSX:WPM
48.8
28%
1.7