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EDV

Endeavour Mining TSX:EDV Stock Report

Last Price

CA$25.17

Market Cap

CA$6.2b

7D

5.0%

1Y

-11.5%

Updated

04 Oct, 2022

Data

Company Financials +
EDV fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends2/6

EDV Stock Overview

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa.

Endeavour Mining Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Endeavour Mining
Historical stock prices
Current Share PriceCA$25.17
52 Week HighCA$35.94
52 Week LowCA$23.63
Beta0.52
1 Month Change-1.33%
3 Month Change-1.29%
1 Year Change-11.53%
3 Year Change-1.26%
5 Year Change2.53%
Change since IPO17.07%

Recent News & Updates

Shareholder Returns

EDVCA Metals and MiningCA Market
7D5.0%12.4%3.3%
1Y-11.5%-6.0%-4.0%

Return vs Industry: EDV underperformed the Canadian Metals and Mining industry which returned -6% over the past year.

Return vs Market: EDV underperformed the Canadian Market which returned -4% over the past year.

Price Volatility

Is EDV's price volatile compared to industry and market?
EDV volatility
EDV Average Weekly Movement4.4%
Metals and Mining Industry Average Movement11.7%
Market Average Movement10.1%
10% most volatile stocks in CA Market18.4%
10% least volatile stocks in CA Market3.8%

Stable Share Price: EDV is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: EDV's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2021n/aSebastien de Montessushttps://www.endeavourmining.com

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. Its project portfolio includes 90% owned Houndé, Mana, Boungou, and Wahgnion mines in Burkina Faso; 85% owned Ity mine located in Côte d’Ivoire; 90% owned Sabodala-Massawa mine situated in Senegal; and Fetekro, Kalana, Bantou, Nabanga, and Afema development projects. The company was incorporated in 2021 and is based in London, the United Kingdom.

Endeavour Mining Fundamentals Summary

How do Endeavour Mining's earnings and revenue compare to its market cap?
EDV fundamental statistics
Market CapCA$6.21b
Earnings (TTM)CA$194.86m
Revenue (TTM)CA$3.77b

31.8x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EDV income statement (TTM)
RevenueUS$2.78b
Cost of RevenueUS$1.20b
Gross ProfitUS$1.59b
Other ExpensesUS$1.44b
EarningsUS$143.70m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.58
Gross Margin57.07%
Net Profit Margin5.16%
Debt/Equity Ratio19.8%

How did EDV perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

118%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 EDV?

Other financial metrics that can be useful for relative valuation.

EDV 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/Revenue1.7x
Enterprise Value/EBITDA3.3x
PEG Ratio1.3x

Price to Earnings Ratio vs Peers

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

EDV PE Ratio vs Peers
The above table shows the PE ratio for EDV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.3x
SSRM SSR Mining
10x1.0%CA$4.2b
BTO B2Gold
9.5x-19.2%CA$4.9b
YRI Yamana Gold
17.3x1.6%CA$6.3b
K Kinross Gold
28.1x42.0%CA$7.0b
EDV Endeavour Mining
31.7x24.7%CA$6.2b

Price-To-Earnings vs Peers: EDV is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the peer average (16.3x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: EDV is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the Canadian Metals and Mining industry average (9.5x)


Price to Earnings Ratio vs Fair Ratio

What is EDV'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.

EDV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.8x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: EDV is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).


Share Price vs Fair Value

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

Below Fair Value: EDV (CA$25.17) is trading below our estimate of fair value (CA$60.59)

Significantly Below Fair Value: EDV 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: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Endeavour Mining forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


24.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EDV's forecast earnings growth (24.7% per year) is above the savings rate (1.6%).

Earnings vs Market: EDV's earnings (24.7% per year) are forecast to grow faster than the Canadian market (7.4% per year).

High Growth Earnings: EDV's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EDV's revenue (0.8% per year) is forecast to grow slower than the Canadian market (5.7% per year).

High Growth Revenue: EDV's revenue (0.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EDV's Return on Equity is forecast to be low in 3 years time (9.3%).


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Past Performance

How has Endeavour Mining performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


33.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EDV has high quality earnings.

Growing Profit Margin: EDV's current net profit margins (5.2%) are lower than last year (14.4%).


Past Earnings Growth Analysis

Earnings Trend: EDV's earnings have grown significantly by 33.5% per year over the past 5 years.

Accelerating Growth: EDV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EDV had negative earnings growth (-56.4%) over the past year, making it difficult to compare to the Metals and Mining industry average (-7.3%).


Return on Equity

High ROE: EDV's Return on Equity (4.3%) is considered low.


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Financial Health

How is Endeavour Mining's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: EDV's short term assets ($1.6B) exceed its short term liabilities ($1.0B).

Long Term Liabilities: EDV's short term assets ($1.6B) exceed its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: EDV has more cash than its total debt.

Reducing Debt: EDV's debt to equity ratio has reduced from 25.7% to 19.8% over the past 5 years.

Debt Coverage: EDV's debt is well covered by operating cash flow (138.4%).

Interest Coverage: EDV's interest payments on its debt are well covered by EBIT (8.5x coverage).


Balance Sheet


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Dividend

What is Endeavour Mining current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.31%

Current Dividend Yield

Dividend Yield vs Market

Endeavour Mining Dividend Yield vs Market
How does Endeavour Mining dividend yield compare to the market?
SegmentDividend Yield
Company (Endeavour Mining)4.3%
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)6.0%
Industry Average (Metals and Mining)2.6%
Analyst forecast in 3 Years (Endeavour Mining)4.1%

Notable Dividend: EDV's dividend (4.31%) is higher than the bottom 25% of dividend payers in the Canadian market (1.95%).

High Dividend: EDV's dividend (4.31%) is low compared to the top 25% of dividend payers in the Canadian market (5.99%).


Stability and Growth of Payments

Stable Dividend: EDV has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: EDV's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (118%), EDV's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (26.9%), EDV's dividend payments are well covered by cash flows.


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Management

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

5.5yrs

Average management tenure


CEO

Sebastien de Montessus (47 yo)

6.92yrs

Tenure

US$22,745,000

Compensation

Mr. Sebastien de Montessus serves as the President of Endeavour Mining plc since November 2015. He is a Co-Founder and Marketing and Technology Coordinator of Ofye. He serves as its Chief Executive Officer...


CEO Compensation Analysis

Sebastien de Montessus's Compensation vs Endeavour Mining Earnings
How has Sebastien de Montessus's remuneration changed compared to Endeavour Mining's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$144m

Mar 31 2022n/an/a

US$79m

Dec 31 2021US$23mUS$2m

US$219m

Sep 30 2021n/an/a

US$389m

Jun 30 2021n/an/a

US$330m

Mar 31 2021n/an/a

US$160m

Dec 31 2020US$4mUS$950k

US$95m

Sep 30 2020n/an/a

-US$109m

Jun 30 2020n/an/a

-US$196m

Mar 31 2020n/an/a

-US$150m

Dec 31 2019US$5mUS$950k

-US$183m

Sep 30 2019n/an/a

-US$78m

Jun 30 2019n/an/a

-US$31m

Mar 31 2019n/an/a

-US$26m

Dec 31 2018US$7mUS$950k

-US$65k

Sep 30 2018n/an/a

US$71m

Jun 30 2018n/an/a

US$41m

Mar 31 2018n/an/a

US$52m

Dec 31 2017US$6mUS$950k

US$27m

Sep 30 2017n/an/a

US$11m

Jun 30 2017n/an/a

US$41m

Mar 31 2017n/an/a

US$6m

Dec 31 2016US$6mUS$900k

US$23m

Sep 30 2016n/an/a

-US$21m

Jun 30 2016n/an/a

-US$33m

Mar 31 2016n/an/a

US$7m

Dec 31 2015US$421kUS$71k

US$14m

Compensation vs Market: Sebastien's total compensation ($USD22.75M) is above average for companies of similar size in the Canadian market ($USD3.58M).

Compensation vs Earnings: Sebastien's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: EDV's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: EDV's board of directors are considered experienced (3.9 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.


Recent Insider Transactions

TSX:EDV Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
23 Sep 22BuyCA$2,573,305La Mancha Holding S.à R.L.Company106,000CA$24.50
10 Jun 22SellCA$3,330,722Morgan CarrollIndividual110,000CA$30.43
03 Jun 22SellCA$758,125Morgan CarrollIndividual25,000CA$30.35
05 May 22SellCA$985,066La Mancha Holding S.à R.L.Company29,830CA$33.14
22 Apr 22SellCA$2,004,148La Mancha Holding S.à R.L.Company60,259CA$33.55
21 Apr 22SellCA$10,772,019La Mancha Holding S.à R.L.Company321,315CA$33.78
18 Apr 22SellCA$5,850,627La Mancha Holding S.à R.L.Company172,100CA$34.20
13 Apr 22SellCA$811,425La Mancha Holding S.à R.L.Company23,977CA$33.84
04 Apr 22SellCA$875,172La Mancha Holding S.à R.L.Company27,143CA$32.25
21 Mar 22SellCA$3,779,379La Mancha Holding S.à R.L.Company116,980CA$32.36
15 Feb 22SellCA$1,159,672Pascal BernasconiIndividual38,639CA$30.01
10 Feb 22SellCA$13,743,000Patrick BouissetIndividual450,000CA$30.54
17 Dec 21BuyCA$4,979,960La Mancha Holding S.à R.L.Company185,000CA$26.92
02 Dec 21BuyCA$12,178,945La Mancha Holding S.à R.L.Company429,384CA$28.38
15 Oct 21SellCA$1,881,592Morgan CarrollIndividual60,000CA$31.47

Ownership Breakdown

What is the ownership structure of EDV?
Owner TypeNumber of SharesOwnership Percentage
Public Companies00%
Private Companies730,3180.3%
Individual Insiders17,108,8836.9%
VC/PE Firms48,257,00319.6%
General Public51,948,88321.1%
Institutions128,174,77152.1%

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


Top Shareholders

Top 25 shareholders own 65.19% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
19.6%
La Mancha Holding S.à R.L.
48,257,003$1.2b0.22%95.62%
11.22%
BlackRock, Inc.
27,622,912$695.3m-3.1%0.01%
10.07%
Van Eck Associates Corporation
24,794,000$624.1m10.47%0.96%
6.33%
David Mimran
15,578,307$392.1m0%no data
2.51%
The Vanguard Group, Inc.
6,178,395$155.5m1.03%no data
1.27%
Dimensional Fund Advisors LP
3,124,773$78.7m1.03%0.01%
1.17%
RWC Partners Limited
2,889,167$72.7m-3.75%0.55%
1.14%
azValor Asset Management SGIIC, S.A.U.
2,808,862$70.7m8.82%6.91%
1.07%
Franklin Resources, Inc.
2,627,114$66.1m-5.88%0.02%
1.04%
RBC Global Asset Management Inc.
2,551,087$64.2m-1.45%0.04%
1.01%
Ninety One UK Limited
2,485,731$62.6m-6.06%0.08%
0.96%
Fidelity International Ltd
2,371,642$59.7m25.65%0.02%
0.9%
Ruffer LLP
2,217,805$55.8m-26.6%0.44%
0.83%
Goldman Sachs Group, Investment Banking and Securities Investments
2,052,405$51.7m-9.04%0.03%
0.77%
Quantex AG
1,903,298$47.9m32.31%4.32%
0.69%
GAMCO Investors, Inc.
1,688,201$42.5m-2.88%0.14%
0.63%
AllianceBernstein L.P.
1,562,786$39.3m-3.28%0.01%
0.61%
Legal & General Investment Management Limited
1,500,888$37.8m87.91%0.01%
0.59%
Invesco Ltd.
1,452,966$36.6m0.69%0.01%
0.53%
Tocqueville Asset Management LP
1,297,500$32.7m0%0.46%
0.49%
Norges Bank Investment Management
1,209,578$30.4m6.44%no data
0.46%
UBS Asset Management
1,133,633$28.5m-7.57%no data
0.45%
Konwave AG
1,120,000$28.2m0%2.53%
0.42%
Baker Steel Capital Managers LLP
1,042,000$26.2m0%2.36%
0.42%
SEI Investments Company
1,031,544$26.0m-5.96%0.03%

Company Information

Endeavour Mining plc's employee growth, exchange listings and data sources


Key Information

  • Name: Endeavour Mining plc
  • Ticker: EDV
  • Exchange: TSX
  • Founded: 2021
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$6.212b
  • Shares outstanding: 246.22m
  • Website: https://www.endeavourmining.com

Number of Employees


Location

  • Endeavour Mining plc
  • 5 Young Street
  • London
  • Greater London
  • W8 5EH
  • United Kingdom


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EDVTSX (The Toronto Stock Exchange)YesVoting SharesCACADAug 2002
600DB (Deutsche Boerse AG)YesVoting SharesDEEURAug 2002
EDVM.FOTCPK (Pink Sheets LLC)YesVoting SharesUSUSDAug 2002
EDVLSE (London Stock Exchange)YesVoting SharesGBGBPAug 2002
EDVLBATS-CHIXE (BATS 'Chi-X Europe')YesVoting SharesGBGBPAug 2002

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
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.