Financials Eldorado Gold Corporation

Equities

ELD

CA2849025093

Gold

Delayed Toronto S.E. 03:11:14 2024-05-28 pm EDT 5-day change 1st Jan Change
21.8 CAD +0.23% Intraday chart for Eldorado Gold Corporation -3.33% +26.74%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,271 2,308 1,711 1,536 2,643 3,241 - -
Enterprise Value (EV) 1 1,591 2,357 1,719 1,750 2,738 3,558 3,577 3,173
P/E ratio 16 x 22.1 x -12.5 x -4.31 x 24 x 16.4 x 12.7 x 9.38 x
Yield - - - - - - - -
Capitalization / Revenue 2.06 x 2.25 x 1.82 x 1.76 x 2.62 x 2.59 x 2.39 x 1.8 x
EV / Revenue 2.58 x 2.3 x 1.83 x 2.01 x 2.72 x 2.84 x 2.64 x 1.76 x
EV / EBITDA 7.52 x 4.47 x 3.94 x 5.63 x 6.04 x 5.82 x 5.44 x 3.33 x
EV / FCF -30.3 x 10 x 20.5 x -22.2 x -98.9 x -19.4 x -58.6 x 7.65 x
FCF Yield -3.3% 9.96% 4.87% -4.51% -1.01% -5.15% -1.71% 13.1%
Price to Book 0.37 x 0.63 x 0.47 x 0.48 x - - - -
Nbr of stocks (in thousands) 158,462 174,234 182,391 184,416 203,706 203,201 - -
Reference price 2 8.024 13.24 9.380 8.326 12.97 15.95 15.95 15.95
Announcement Date 2/20/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
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 1,263 1,356 1,803
EBITDA 1 211.6 526.7 436.3 310.8 453.1 613.9 656.8 952
EBIT 1 56.22 280.1 233.4 68.4 188.8 376.9 323.9 -
Operating Margin 9.1% 27.28% 24.81% 7.84% 18.72% 29.84% 23.89% -
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 -353.8 104.6 213.3 222.8 349.5
Net margin 13.04% 10.18% -14.46% -40.58% 10.37% 16.88% 16.43% 19.38%
EPS 2 0.5000 0.6000 -0.7500 -1.930 0.5400 0.9700 1.260 1.700
Free Cash Flow 1 -52.53 234.7 83.77 -78.86 -27.69 -183.2 -61 414.5
FCF margin -8.5% 22.86% 8.9% -9.04% -2.75% -14.5% -4.5% 22.99%
FCF Conversion (EBITDA) - 44.56% 19.2% - - - - 43.54%
FCF Conversion (Net income) - 224.5% - - - - - 118.6%
Dividend per Share 2 - - - - - - - -
Announcement Date 2/20/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
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 1 244.6 194.7 213.4 217.7 246.2 229.4 229.9 245.3 306.9 258 303.1 356.9 372.2
EBITDA 1 123.6 58.4 87.3 73.5 93.2 101.6 104.1 106.7 142.6 118.6 142.1 182.6 196.5
EBIT 1 76.5 7.2 33.6 8.6 26.6 39.2 39.2 42.9 70.1 63.3 81.68 112.3 122.9
Operating Margin 31.28% 3.7% 15.75% 3.95% 10.8% 17.09% 17.05% 17.49% 22.84% 24.54% 26.95% 31.47% 33.01%
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 1 - - - - - 21.32 0.885 -7.998 92.42 33.6 41.36 61.84 68.51
Net margin - - - - - 9.3% 0.39% -3.26% 30.12% 13.03% 13.65% 17.33% 18.41%
EPS -0.2000 -1.740 -0.1200 -0.2700 0.2000 0.1200 - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/24/22 4/28/22 7/28/22 10/27/22 2/23/23 4/27/23 7/27/23 10/26/23 2/22/24 4/25/24 - - -
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 0.5163 x 0.5116 x -
Free Cash Flow 1 -52.5 235 83.8 -78.9 -27.7 -183 -61 415
ROE (net income / shareholders' equity) 0.17% 4.86% 3.31% - 3.11% 5.79% 8% -
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 2.500 2.730 3.550
Capex 1 218 191 282 290 411 678 541 279
Capex / Sales 35.34% 18.59% 29.98% 33.24% 40.75% 53.65% 39.89% 15.47%
Announcement Date 2/20/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
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
11
Last Close Price
15.95 USD
Average target price
16.99 USD
Spread / Average Target
+6.52%
Consensus
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