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CGG

China Gold International Resources TSX:CGG Stock Report

Last Price

CA$3.52

Market Cap

CA$1.4b

7D

0%

1Y

-4.6%

Updated

17 Aug, 2022

Data

Company Financials +
CGG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health5/6
Dividends3/6

CGG Stock Overview

China Gold International Resources Corp. Ltd., a gold and base metal mining company, acquires, explores for, develops, and mines mineral properties in the People’s Republic of China.

China Gold International Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for China Gold International Resources
Historical stock prices
Current Share PriceCA$3.52
52 Week HighCA$5.45
52 Week LowCA$3.10
Beta1.88
1 Month Change2.03%
3 Month Change-10.66%
1 Year Change-4.61%
3 Year Change137.84%
5 Year Change72.55%
Change since IPO3,420.00%

Recent News & Updates

Aug 11
We Like These Underlying Return On Capital Trends At China Gold International Resources (TSE:CGG)

We Like These Underlying Return On Capital Trends At China Gold International Resources (TSE:CGG)

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...

Jun 10
We Think China Gold International Resources (TSE:CGG) Can Stay On Top Of Its Debt

We Think China Gold International Resources (TSE:CGG) Can Stay On Top Of Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

CGGCA Metals and MiningCA Market
7D0%-2.4%1.5%
1Y-4.6%-13.2%2.1%

Return vs Industry: CGG exceeded the Canadian Metals and Mining industry which returned -12.7% over the past year.

Return vs Market: CGG underperformed the Canadian Market which returned 2.1% over the past year.

Price Volatility

Is CGG's price volatile compared to industry and market?
CGG volatility
CGG Average Weekly Movement5.7%
Metals and Mining Industry Average Movement11.4%
Market Average Movement10.6%
10% most volatile stocks in CA Market18.9%
10% least volatile stocks in CA Market4.2%

Stable Share Price: CGG is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CGG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20002,090Liangyou Jianghttps://www.chinagoldintl.com

China Gold International Resources Corp. Ltd., a gold and base metal mining company, acquires, explores for, develops, and mines mineral properties in the People’s Republic of China. It primarily holds 96.5% interest in the Chang Shan Hao gold mine covering an area of 36 square kilometers in the western part of Inner Mongolia, northern China; and 100% interest in the Jiama copper-gold polymetallic mine that hosts copper, gold, molybdenum, silver, lead, and zinc metals located in Metrokongka County, Tibet. The company was formerly known as Jinshan Gold Mines Inc. China Gold International Resources Corp. Ltd.

China Gold International Resources Fundamentals Summary

How do China Gold International Resources's earnings and revenue compare to its market cap?
CGG fundamental statistics
Market CapCA$1.40b
Earnings (TTM)CA$364.30m
Revenue (TTM)CA$1.51b

3.8x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CGG income statement (TTM)
RevenueUS$1.17b
Cost of RevenueUS$743.39m
Gross ProfitUS$425.92m
Other ExpensesUS$144.03m
EarningsUS$281.89m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.71
Gross Margin36.43%
Net Profit Margin24.11%
Debt/Equity Ratio53.8%

How did CGG perform over the long term?

See historical performance and comparison

Dividends

9.2%

Current Dividend Yield

n/a

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CGG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CGG?

Other financial metrics that can be useful for relative valuation.

CGG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA3.2x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does CGG's PE Ratio compare to its peers?

CGG PE Ratio vs Peers
The above table shows the PE ratio for CGG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average26.4x
WDO Wesdome Gold Mines
38.7x78.6%CA$1.2b
DPM Dundee Precious Metals
5.8x28.3%CA$1.2b
KNT K92 Mining
35.1x44.2%CA$1.8b
SSL Sandstorm Gold
26.2xn/aCA$2.1b
CGG China Gold International Resources
3.8x5.8%CA$1.4b

Price-To-Earnings vs Peers: CGG is good value based on its Price-To-Earnings Ratio (3.8x) compared to the peer average (26.4x).


Price to Earnings Ratio vs Industry

How does CGG's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Earnings vs Industry: CGG is good value based on its Price-To-Earnings Ratio (3.8x) compared to the Canadian Metals and Mining industry average (9.9x)


Price to Earnings Ratio vs Fair Ratio

What is CGG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CGG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.8x
Fair PE Ratio11.3x

Price-To-Earnings vs Fair Ratio: CGG is good value based on its Price-To-Earnings Ratio (3.8x) compared to the estimated Fair Price-To-Earnings Ratio (11.3x).


Share Price vs Fair Value

What is the Fair Price of CGG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CGG (CA$3.52) is trading below our estimate of fair value (CA$8.2)

Significantly Below Fair Value: CGG is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is China Gold International Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CGG's forecast earnings growth (5.8% per year) is above the savings rate (1.6%).

Earnings vs Market: CGG's earnings (5.8% per year) are forecast to grow slower than the Canadian market (7.8% per year).

High Growth Earnings: CGG's earnings are forecast to grow, but not significantly.

Revenue vs Market: CGG's revenue (1.7% per year) is forecast to grow slower than the Canadian market (6.5% per year).

High Growth Revenue: CGG's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CGG's Return on Equity is forecast to be low in 3 years time (14.5%).


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Past Performance

How has China Gold International Resources performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


57.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CGG has high quality earnings.

Growing Profit Margin: CGG's current net profit margins (24.1%) are higher than last year (18%).


Past Earnings Growth Analysis

Earnings Trend: CGG has become profitable over the past 5 years, growing earnings by 57% per year.

Accelerating Growth: CGG's earnings growth over the past year (58.7%) exceeds its 5-year average (57% per year).

Earnings vs Industry: CGG earnings growth over the past year (58.7%) exceeded the Metals and Mining industry -16%.


Return on Equity

High ROE: CGG's Return on Equity (15.6%) is considered low.


Discover strong past performing companies

Financial Health

How is China Gold International Resources's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CGG's short term assets ($671.8M) exceed its short term liabilities ($459.1M).

Long Term Liabilities: CGG's short term assets ($671.8M) do not cover its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: CGG's net debt to equity ratio (34.2%) is considered satisfactory.

Reducing Debt: CGG's debt to equity ratio has reduced from 86.8% to 53.8% over the past 5 years.

Debt Coverage: CGG's debt is well covered by operating cash flow (41.8%).

Interest Coverage: CGG's interest payments on its debt are well covered by EBIT (13.6x coverage).


Balance Sheet


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Dividend

What is China Gold International Resources's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


9.18%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CGG's dividend (9.18%) is higher than the bottom 25% of dividend payers in the Canadian market (1.85%).

High Dividend: CGG's dividend (9.18%) is in the top 25% of dividend payers in the Canadian market (5.28%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether CGG's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if CGG's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (32.5%), CGG's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Liangyou Jiang (56 yo)

3.75yrs

Tenure

Mr. Liangyou Jiang is the Chief Executive Officer of China Gold International Resources Corp. Ltd. since November 13, 2018 and serves as its Executive Chairman of the Board since March 29, 2020. He had bee...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Liangyou's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Liangyou's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CGG's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: CGG's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

China Gold International Resources Corp. Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: China Gold International Resources Corp. Ltd.
  • Ticker: CGG
  • Exchange: TSX
  • Founded: 2000
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$1.395b
  • Shares outstanding: 396.41m
  • Website: https://www.chinagoldintl.com

Number of Employees


Location

  • China Gold International Resources Corp. Ltd.
  • One Bentall Centre
  • Suite 660
  • Vancouver
  • British Columbia
  • V7X 1M4
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.