Financials Eldorado Gold Corporation

Equities

ELD

CA2849025093

Gold

Market Closed - Toronto S.E. 01:30:00 02/05/2024 am IST 5-day change 1st Jan Change
19.84 CAD +1.12% Intraday chart for Eldorado Gold Corporation +0.97% +15.35%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,271 2,308 1,711 1,536 2,643 2,930 - -
Enterprise Value (EV) 1 1,591 2,357 1,719 1,750 2,738 2,930 2,930 2,930
P/E ratio 16 x 22.1 x -12.5 x -4.31 x 24 x 14.9 x 11.4 x 10.3 x
Yield - - - - - - - -
Capitalization / Revenue 2.06 x 2.25 x 1.82 x 1.76 x 2.62 x 2.37 x 2.22 x 1.71 x
EV / Revenue 2.06 x 2.25 x 1.82 x 1.76 x 2.62 x 2.37 x 2.22 x 1.71 x
EV / EBITDA 6.01 x 4.38 x 3.92 x 4.94 x 5.83 x 4.71 x 4.33 x 3.09 x
EV / FCF -24.2 x 9.83 x 20.4 x -19.5 x -95.4 x -15.8 x -60.7 x 6.87 x
FCF Yield -4.13% 10.2% 4.9% -5.14% -1.05% -6.34% -1.65% 14.6%
Price to Book 0.37 x 0.63 x 0.47 x 0.48 x - - - -
Nbr of stocks (in thousands) 1,58,462 1,74,234 1,82,391 1,84,416 2,03,706 2,03,201 - -
Reference price 2 8.024 13.24 9.380 8.326 12.97 14.42 14.42 14.42
Announcement Date 20/02/20 25/02/21 24/02/22 23/02/23 22/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 617.8 1,027 940.9 872 1,008 1,239 1,317 1,716
EBITDA 1 211.6 526.7 436.3 310.8 453.1 622.3 677.2 947.7
EBIT 1 56.22 280.1 233.4 68.4 188.8 349.7 317.5 -
Operating Margin 9.1% 27.28% 24.81% 7.84% 18.72% 28.23% 24.11% -
Earnings before Tax (EBT) 113.5 176.5 151.1 11.86 163.4 - - -
Net income 1 80.59 104.5 -136 -353.8 104.6 200 196.8 288
Net margin 13.04% 10.18% -14.46% -40.58% 10.37% 16.15% 14.94% 16.78%
EPS 2 0.5000 0.6000 -0.7500 -1.930 0.5400 0.9700 1.265 1.400
Free Cash Flow 1 -52.53 234.7 83.77 -78.86 -27.69 -185.7 -48.26 426.8
FCF margin -8.5% 22.86% 8.9% -9.04% -2.75% -14.99% -3.66% 24.86%
FCF Conversion (EBITDA) - 44.56% 19.2% - - - - 45.03%
FCF Conversion (Net income) - 224.5% - - - - - 148.18%
Dividend per Share 2 - - - - - - - -
Announcement Date 20/02/20 25/02/21 24/02/22 23/02/23 22/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 244.6 194.7 213.4 217.7 246.2 229.4 229.9 245.3 306.9 258 307 325.8 322.7
EBITDA 1 123.6 58.4 87.3 73.5 93.2 101.6 104.1 106.7 142.6 118.6 150.4 163.6 177
EBIT 1 76.5 7.2 33.6 8.6 26.6 39.2 39.2 42.9 70.1 63.3 85.55 95.86 106.2
Operating Margin 31.28% 3.7% 15.75% 3.95% 10.8% 17.09% 17.05% 17.49% 22.84% 24.54% 27.87% 29.42% 32.9%
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 1 - - - - - 21.32 0.885 -7.998 92.42 33.6 43.45 49.97 56.48
Net margin - - - - - 9.3% 0.39% -3.26% 30.12% 13.03% 14.16% 15.34% 17.5%
EPS -0.2000 -1.740 -0.1200 -0.2700 0.2000 0.1200 - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 24/02/22 28/04/22 28/07/22 27/10/22 23/02/23 27/04/23 27/07/23 26/10/23 22/02/24 25/04/24 - - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 320 49.2 8.44 215 95.6 - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 1.512 x 0.0934 x 0.0193 x 0.6907 x 0.211 x - - -
Free Cash Flow 1 -52.5 235 83.8 -78.9 -27.7 -186 -48.3 427
ROE (net income / shareholders' equity) 0.17% 4.86% 3.31% - 3.11% 5.5% 8.2% -
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 21.50 21.10 19.80 17.40 - - - -
Cash Flow per Share 2 0.9300 2.230 2.060 1.310 2.140 2.450 2.690 3.600
Capex 1 218 191 282 290 411 676 537 279
Capex / Sales 35.34% 18.59% 29.98% 33.24% 40.75% 54.53% 40.75% 16.25%
Announcement Date 20/02/20 25/02/21 24/02/22 23/02/23 22/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
14.42 USD
Average target price
16.95 USD
Spread / Average Target
+17.56%
Consensus
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  4. Financials Eldorado Gold Corporation