Projected Income Statement: B2Gold Corp.

Forecast Balance Sheet: B2Gold Corp.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 -370 -598 -595 -115 101 179 -321 -1,789
Change - -61.62% 0.5% 80.67% 187.83% 77.38% -279.33% -457.32%
Announcement Date 23/02/21 23/02/22 22/02/23 21/02/24 19/02/25 - - -
1USD in Million
Estimates

Cash Flow Forecast: B2Gold Corp.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 353.9 302.3 342.1 824.9 901.3 884.4 524.6 462.4
Change - -14.57% 13.15% 141.14% 9.26% -1.87% -40.68% -11.86%
Free Cash Flow (FCF) 1 596.8 421.8 253.7 -110.4 -23.66 252.5 964.5 1,860
Change - -29.32% -39.85% -143.51% 78.57% 1,167.29% 281.98% 92.79%
Announcement Date 23/02/21 23/02/22 22/02/23 21/02/24 19/02/25 - - -
1USD in Million
Estimates

Forecast Financial Ratios: B2Gold Corp.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 67.56% 63.05% 52.59% 56.09% 49.83% 56.92% 59.51% 69.93%
EBIT Margin (%) 50.71% 40.89% 30.43% 35.29% 30.52% 44.08% 51.42% 57.13%
EBT Margin (%) 57.82% 41.21% 30.63% 16.56% -16.26% 36.06% 45.16% 53.73%
Net margin (%) 35.11% 23.84% 14.6% 0.52% -33.12% 16.01% 29.15% 34.84%
FCF margin (%) 33.36% 23.93% 14.64% -5.71% -1.24% 8.14% 23.63% 37.02%
FCF / Net Income (%) 95.02% 100.41% 100.34% -1,093.44% 3.76% 50.85% 81.06% 106.26%

Profitability

        
ROA 20.78% 12.13% - 0.24% - - - -
ROE 27.53% 15.46% 8.62% 0.3% 6.08% 28.69% 41.15% 35.9%

Financial Health

        
Leverage (Debt/EBITDA) - - - - 0.11x 0.1x - -
Debt / Free cash flow - - - - -4.27x 0.71x - -

Capital Intensity

        
CAPEX / Current Assets (%) 19.78% 17.16% 19.74% 42.64% 47.38% 28.52% 12.85% 9.21%
CAPEX / EBITDA (%) 29.28% 27.21% 37.55% 76.02% 95.09% 50.11% 21.6% 13.16%
CAPEX / FCF (%) 59.3% 71.67% 134.82% -747.12% -3,809.54% 350.26% 54.39% 24.87%

Items per share

        
Cash flow per share 1 0.9 0.6821 0.5563 0.5774 0.6705 0.6788 1.049 1.896
Change - -24.21% -18.44% 3.79% 16.12% 1.23% 54.51% 80.76%
Dividend per Share 1 0.11 0.16 0.16 0.16 0.16 0.08 0.08 0.08
Change - 45.45% 0% 0% 0% -50% 0% 0%
Book Value Per Share 1 - - - - - - - -
Change - - - - - - - -
EPS 1 0.59 0.4 0.24 0.01 -0.48 0.3531 0.8625 2.123
Change - -32.2% -40% -95.83% -4,900% 173.57% 144.23% 146.15%
Nbr of stocks (in thousands) 10,50,592 10,55,585 10,74,567 13,00,441 13,13,105 13,36,138 13,36,138 13,36,138
Announcement Date 23/02/21 23/02/22 22/02/23 21/02/24 19/02/25 - - -
1USD
Estimates
2025 *2026 *
P/E ratio 15.2x 6.22x
PBR - -
EV / Sales 2.37x 1.68x
Yield 1.49% 1.49%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
5.368USD
Average target price
6.781USD
Spread / Average Target
+26.32%

Quarterly revenue - Rate of surprise

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