| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
ELD Overview
Eldorado Gold Corporation and its subsidiaries engage in the exploration, discovery, acquisition, financing, development, production, sale, and reclamation of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania.
Eldorado Gold Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$9.93 |
| 52 Week High | CA$9.77 |
| 52 Week Low | CA$18.90 |
| Beta | 1.51 |
| 1 Month Change | -10.94% |
| 3 Month Change | -18.41% |
| 1 Year Change | -27.68% |
| 3 Year Change | 69.74% |
| 5 Year Change | -59.96% |
| Change since IPO | 69.74% |
Recent News & Updates
Is Eldorado Gold (TSE:ELD) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Estimating The Intrinsic Value Of Eldorado Gold Corporation (TSE:ELD)
Today we will run through one way of estimating the intrinsic value of Eldorado Gold Corporation ( TSE:ELD ) by...
Shareholder Returns
| ELD | CA Metals and Mining | CA Market | |
|---|---|---|---|
| 7D | -6.1% | -1.2% | 1.8% |
| 1Y | -27.7% | -10.7% | 29.7% |
Return vs Industry: ELD underperformed the Canadian Metals and Mining industry which returned -10.7% over the past year.
Return vs Market: ELD underperformed the Canadian Market which returned 29.7% over the past year.
Price Volatility
| ELD volatility | |
|---|---|
| ELD Beta | 1.51 |
| Industry Beta | 1.09 |
| Market Beta | 1 |
Stable Share Price: ELD is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ELD's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | 4,500 | George Burns | https://www.eldoradogold.com |
Eldorado Gold Corporation and its subsidiaries engage in the exploration, discovery, acquisition, financing, development, production, sale, and reclamation of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore. It holds 100% interest in the Kisladag and Efemcukuru gold mines located in western Turkey; Lamaque gold mines located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as 80.5% interest in the Certej and Bolcana development projects located in Romania; and 100% interest in the Tocantinzinho development project located in Brazil.
Eldorado Gold Fundamentals Summary
| ELD fundamental statistics | |
|---|---|
| Market Cap | US$1.43b |
| Earnings (TTM) | US$14.56m |
| Revenue (TTM) | US$1.02b |
98.4x
P/E Ratio1.4x
P/S RatioIs ELD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ELD income statement (TTM) | |
|---|---|
| Revenue | US$1.02b |
| Cost of Revenue | US$466.04m |
| Gross Profit | US$557.91m |
| Expenses | US$543.35m |
| Earnings | US$14.56m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.08 |
| Gross Margin | 54.49% |
| Net Profit Margin | 1.42% |
| Debt/Equity Ratio | 11.5% |
How did ELD perform over the long term?
See historical performance and comparisonValuation
Is Eldorado Gold undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ELD (CA$9.93) is trading below our estimate of fair value (CA$70.6)
Significantly Below Fair Value: ELD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ELD is poor value based on its PE Ratio (98.4x) compared to the Canadian Metals and Mining industry average (10.8x).
PE vs Market: ELD is poor value based on its PE Ratio (98.4x) compared to the Canadian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: ELD is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: ELD is good value based on its PB Ratio (0.4x) compared to the CA Metals and Mining industry average (2.4x).
Future Growth
How is Eldorado Gold forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
69.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ELD's forecast earnings growth (69% per year) is above the savings rate (1.5%).
Earnings vs Market: ELD's earnings (69% per year) are forecast to grow faster than the Canadian market (12% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ELD's revenue (7.6% per year) is forecast to grow faster than the Canadian market (6.1% per year).
High Growth Revenue: ELD's revenue (7.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ELD's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Eldorado Gold performed over the past 5 years?
60.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ELD has a large one-off loss of $140.0M impacting its June 30 2021 financial results.
Growing Profit Margin: ELD's current net profit margins (1.4%) are lower than last year (17.2%).
Past Earnings Growth Analysis
Earnings Trend: ELD has become profitable over the past 5 years, growing earnings by 60.9% per year.
Accelerating Growth: ELD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ELD had negative earnings growth (-89.7%) over the past year, making it difficult to compare to the Metals and Mining industry average (126.4%).
Return on Equity
High ROE: ELD's Return on Equity (0.2%) is considered low.
Financial Health
How is Eldorado Gold's financial position?
Financial Position Analysis
Short Term Liabilities: ELD's short term assets ($673.6M) exceed its short term liabilities ($234.1M).
Long Term Liabilities: ELD's short term assets ($673.6M) do not cover its long term liabilities ($887.4M).
Debt to Equity History and Analysis
Debt Level: ELD's debt to equity ratio (11.5%) is considered satisfactory.
Reducing Debt: ELD's debt to equity ratio has reduced from 16.8% to 11.5% over the past 5 years.
Debt Coverage: ELD's debt is well covered by operating cash flow (94%).
Interest Coverage: ELD's interest payments on its debt are well covered by EBIT (6.5x coverage).
Balance Sheet
Dividend
What is Eldorado Gold current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ELD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ELD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ELD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ELD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ELD is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ELD's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
George Burns (61 yo)
4.42yrs
Tenure
US$3,958,554
Compensation
Mr. George Raymond Burns has been an Independent Director of Turquoise Hill Resources Ltd. since January 21, 2020. He has been the Chief Executive Officer and President of Eldorado Gold Corporation since A...
CEO Compensation Analysis
Compensation vs Market: George's total compensation ($USD3.96M) is above average for companies of similar size in the Canadian market ($USD1.94M).
Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ELD's management team is considered experienced (3 years average tenure).
Board Members
Experienced Board: ELD's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ELD insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5%.
Top Shareholders
Company Information
Eldorado Gold Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Eldorado Gold Corporation
- Ticker: ELD
- Exchange: TSX
- Founded: 1992
- Industry: Gold
- Sector: Materials
- Market Cap: CA$1.810b
- Shares outstanding: 182.32m
- Website: https://www.eldoradogold.com
Number of Employees
Location
- Eldorado Gold Corporation
- Bentall 5, 11th Floor
- Suite 1188
- Vancouver
- British Columbia
- V6C 2B5
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/27 22:59 |
| End of Day Share Price | 2021/09/27 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.