Stock AnalizB2GOLD Corp. BTG
Precious Metals · data as of November 13, 2026
B2GOLD Corp. (BTG) is a materials company listed in the US with a market value of about $6.5B. In the twelve months to September 30, 2026 it had revenue of $3.8B and net income of $1.2B, a net margin of 31.2%.
Its overall Stock Analiz score is 2.4 out of 5 (weak). The strongest part is financial health (5/5); the weakest is future growth (0/5).
Key numbers: a P/E of 6.1, a price to free cash flow of 6.6, a 5-year average ROIC of 10%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 145% above the current price.
Score: 2.4 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- More cash than debt, or low debt to equity
- Positive free cash flow
- Interest covered more than 5 times
- Debt below 3 years of free cash flow
Checks not passed
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.8B | — | — | — | — | — | — | — | — | — | — |
| Net income | $1.2B | $402M | -$630M | $10M | $253M | $420M | $628M | $293M | $29M | $57M | $39M |
| Free cash flow | $986M | — | — | — | — | — | — | — | — | — | — |
| EPS (diluted) | $0.80 | $0.31 | $-0.48 | $0.01 | $0.19 | $0.32 | $0.48 | $0.22 | $0.02 | $0.04 | $0.03 |
| Net margin | 31.2% | — | — | — | — | — | — | — | — | — | — |
| ROIC | — | 26.1% | -5.7% | 6.5% | 8.9% | 15.4% | 25.5% | 14.4% | 6.9% | 3.4% | 3.7% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 5 analysts is $6.30, 28% above the current price; targets range from $3.75 to $7.25; the consensus rating is “Buy”; expected EPS is $0.58 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is B2GOLD’s P/E ratio?
About 6.1, based on the last twelve months of diluted earnings per share (forward P/E about 5.9).
Is B2GOLD stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 145% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does B2GOLD pay a dividend?
Yes. The dividend yield is about 1.54%, and it has paid dividends for 7 years in our data.
Is B2GOLD a good stock to buy?
We do not give buy or sell advice. B2GOLD scores 2.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.