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ELD

Eldorado GoldTSX:ELD Stock Report

Market Cap

CA$1.8b

7D

-6.1%

1Y

-27.7%

Updated

27 Sep, 2021

Data

Company Financials +
ELD fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health5/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Eldorado Gold
Historical stock prices
Current Share PriceCA$9.93
52 Week HighCA$9.77
52 Week LowCA$18.90
Beta1.51
1 Month Change-10.94%
3 Month Change-18.41%
1 Year Change-27.68%
3 Year Change69.74%
5 Year Change-59.96%
Change since IPO69.74%

Recent News & Updates

Sep 07
Is Eldorado Gold (TSE:ELD) A Risky Investment?

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...

Jul 16
Estimating The Intrinsic Value Of Eldorado Gold Corporation (TSE:ELD)

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

ELDCA Metals and MiningCA 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

Is ELD's price volatile compared to industry and market?
ELD volatility
ELD Beta1.51
Industry Beta1.09
Market Beta1

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

FoundedEmployeesCEOWebsite
19924,500George Burnshttps://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

How do Eldorado Gold's earnings and revenue compare to its market cap?
ELD fundamental statistics
Market CapUS$1.43b
Earnings (TTM)US$14.56m
Revenue (TTM)US$1.02b

98.4x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ELD income statement (TTM)
RevenueUS$1.02b
Cost of RevenueUS$466.04m
Gross ProfitUS$557.91m
ExpensesUS$543.35m
EarningsUS$14.56m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.08
Gross Margin54.49%
Net Profit Margin1.42%
Debt/Equity Ratio11.5%

How did ELD perform over the long term?

See historical performance and comparison

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 22:59
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.