Projected Income Statement: B2Gold Corp.

Forecast Balance Sheet: B2Gold Corp.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -598 -595 -115 101 218 -382 -1,755 -3,479
Change - 0.5% 80.67% 187.83% 115.84% -275.32% -359.42% -98.23%
Announcement Date 23/02/22 22/02/23 21/02/24 19/02/25 18/02/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: B2Gold Corp.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 302.3 342.1 824.9 901.3 862.8 709 594.3 463.8
Change - 13.15% 141.14% 9.26% -4.26% -17.83% -16.18% -21.95%
Free Cash Flow (FCF) 1 421.8 253.7 -110.4 -23.66 33.01 751.8 1,773 1,856
Change - -39.85% -143.51% 78.57% 239.52% 2,177.74% 135.89% 4.63%
Announcement Date 23/02/22 22/02/23 21/02/24 19/02/25 18/02/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: B2Gold Corp.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 63.05% 52.59% 56.09% 49.83% 60.54% 55.31% 58.16% 61.06%
EBIT Margin (%) 40.89% 30.43% 35.29% 30.52% 46.14% 48.61% 57.02% 63.65%
EBT Margin (%) 41.21% 30.63% 16.56% -16.26% 31.91% 41.18% 56.53% 60.69%
Net margin (%) 23.84% 14.6% 0.52% -33.12% 13.13% 24.23% 37.65% 37.22%
FCF margin (%) 23.93% 14.64% -5.71% -1.24% 1.08% 17.92% 33.21% 32.69%
FCF / Net Income (%) 100.41% 100.34% -1,093.44% 3.76% 8.21% 73.96% 88.21% 87.84%

Profitability

        
ROA 12.13% - 0.24% - - 15.1% 25.7% 23.4%
ROE 15.46% 8.62% 0.3% 6.08% 18.61% 32.88% 49.65% 26.45%

Financial Health

        
Leverage (Debt/EBITDA) - - - 0.11x 0.12x - - -
Debt / Free cash flow - - - -4.27x 6.6x - - -

Capital Intensity

        
CAPEX / Current Assets (%) 17.16% 19.74% 42.64% 47.38% 28.19% 16.9% 11.13% 8.17%
CAPEX / EBITDA (%) 27.21% 37.55% 76.02% 95.09% 46.56% 30.55% 19.14% 13.38%
CAPEX / FCF (%) 71.67% 134.82% -747.12% -3,809.54% 2,614.08% 94.31% 33.51% 25%

Items per share

        
Cash flow per share 1 0.6821 0.5563 0.5774 0.6705 0.6049 0.9714 1.828 2.048
Change - -18.44% 3.79% 16.12% -9.78% 60.59% 88.22% 12.03%
Dividend per Share 1 0.16 0.16 0.16 0.16 - 0.08 0.08 0.08
Change - 0% 0% 0% - - 0% 0%
Book Value Per Share 1 - - - - - - - -
Change - - - - - - - -
EPS 1 0.4 0.24 0.01 -0.48 0.28 0.7727 1.428 1.724
Change - -40% -95.83% -4,900% 158.33% 175.96% 84.84% 20.68%
Nbr of stocks (in thousands) 10,55,585 10,74,567 13,00,441 13,13,105 13,36,138 13,32,418 13,32,418 13,32,418
Announcement Date 23/02/22 22/02/23 21/02/24 19/02/25 18/02/26 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 5.36x 2.9x
PBR - -
EV / Sales 1.23x 0.71x
Yield 1.93% 1.93%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
4.144USD
Average target price
7.056USD
Spread / Average Target
+70.28%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. BTO Stock
  4. Financials B2Gold Corp.
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