Financials Eldorado Gold Corporation

Equities

ELD

CA2849025093

Gold

Market Closed - Toronto S.E. 16:18:03 2024-07-19 EDT 5-day change 1st Jan Change
22.59 CAD -1.40% Intraday chart for Eldorado Gold Corporation +0.09% +31.34%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,271 2,308 1,711 1,536 2,643 3,356 - -
Enterprise Value (EV) 1 1,591 2,357 1,719 1,750 2,738 3,673 3,692 3,288
P/E ratio 16 x 22.1 x -12.5 x -4.31 x 24 x - 12.5 x 8.23 x
Yield - - - - - - - -
Capitalization / Revenue 2.06 x 2.25 x 1.82 x 1.76 x 2.62 x 2.63 x 2.42 x 1.8 x
EV / Revenue 2.58 x 2.3 x 1.83 x 2.01 x 2.72 x 2.87 x 2.66 x 1.76 x
EV / EBITDA 7.52 x 4.47 x 3.94 x 5.63 x 6.04 x 5.7 x 5.01 x 3.22 x
EV / FCF -30.3 x 10 x 20.5 x -22.2 x -98.9 x -22.9 x 477 x 7.28 x
FCF Yield -3.3% 9.96% 4.87% -4.51% -1.01% -4.38% 0.21% 13.7%
Price to Book 0.37 x 0.63 x 0.47 x 0.48 x - - - -
Nbr of stocks (in thousands) 158,462 174,234 182,391 184,416 203,706 203,998 - -
Reference price 2 8.024 13.24 9.380 8.326 12.97 16.45 16.45 16.45
Announcement Date 20-02-20 21-02-25 22-02-24 23-02-23 24-02-22 - - -
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 1,278 1,387 1,870
EBITDA 1 211.6 526.7 436.3 310.8 453.1 644.5 737 1,021
EBIT 1 56.22 280.1 233.4 68.4 188.8 403.6 439 -
Operating Margin 9.1% 27.28% 24.81% 7.84% 18.72% 31.59% 31.64% -
Earnings before Tax (EBT) 1 113.5 176.5 151.1 11.86 163.4 308 416 632
Net income 1 80.59 104.5 -136 -353.8 104.6 232.3 253.8 411
Net margin 13.04% 10.18% -14.46% -40.58% 10.37% 18.18% 18.29% 21.98%
EPS 0.5000 0.6000 -0.7500 -1.930 0.5400 - 1.320 2.000
Free Cash Flow 1 -52.53 234.7 83.77 -78.86 -27.69 -160.7 7.743 451.8
FCF margin -8.5% 22.86% 8.9% -9.04% -2.75% -12.58% 0.56% 24.16%
FCF Conversion (EBITDA) - 44.56% 19.2% - - - 1.05% 44.24%
FCF Conversion (Net income) - 224.5% - - - - 3.05% 109.91%
Dividend per Share 2 - - - - - - - -
Announcement Date 20-02-20 21-02-25 22-02-24 23-02-23 24-02-22 - - -
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 1 244.6 194.7 213.4 217.7 246.2 229.4 229.9 245.3 306.9 258 310.1 343.5 407.8
EBITDA 1 123.6 58.4 87.3 73.5 93.2 101.6 104.1 106.7 142.6 118.6 150.3 170.5 228.7
EBIT 1 76.5 7.2 33.6 8.6 26.6 39.2 39.2 42.9 70.1 63.3 88.2 100.2 155.1
Operating Margin 31.28% 3.7% 15.75% 3.95% 10.8% 17.09% 17.05% 17.49% 22.84% 24.54% 28.44% 29.18% 38.03%
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 1 - - - - - 21.32 0.885 -7.998 92.42 33.6 51.21 52.95 92.25
Net margin - - - - - 9.3% 0.39% -3.26% 30.12% 13.03% 16.51% 15.42% 22.62%
EPS -0.2000 -1.740 -0.1200 -0.2700 0.2000 0.1200 - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 22-02-24 22-04-28 22-07-28 22-10-27 23-02-23 23-04-27 23-07-27 23-10-26 24-02-22 24-04-25 - - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 320 49.2 8.44 215 95.6 317 336 -
Net Cash position 1 - - - - - - - 68
Leverage (Debt/EBITDA) 1.512 x 0.0934 x 0.0193 x 0.6907 x 0.211 x 0.4918 x 0.4559 x -
Free Cash Flow 1 -52.5 235 83.8 -78.9 -27.7 -161 7.74 452
ROE (net income / shareholders' equity) 0.17% 4.86% 3.31% - 3.11% 6.54% 9.1% -
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 2.560 2.950 3.940
Capex 1 218 191 282 290 411 683 561 291
Capex / Sales 35.34% 18.59% 29.98% 33.24% 40.75% 53.46% 40.47% 15.56%
Announcement Date 20-02-20 21-02-25 22-02-24 23-02-23 24-02-22 - - -
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
11
Last Close Price
16.45 USD
Average target price
17.96 USD
Spread / Average Target
+9.20%
Consensus
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  4. Financials Eldorado Gold Corporation