Discounted Cash Flow

B2gold Corp. Foreign

BTG · Based on 10 years of SEC filings

DCF estimate unavailable — loss_in_2024

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $683.3m $39.1m 5.7% $0.04
2017 $638.7m (-6.5%) $56.9m (45.3%) 8.9% (55.4%) $0.06 (50.0%)
2018 $1.2b (91.8%) $28.9m (-49.1%) 2.4% (-73.5%) $0.03 (-50.0%)
2019 $1.2b (-5.7%) $293.4m (913.8%) 25.4% (974.7%) $0.29 (866.7%)
2020 $1.8b (54.8%) $628.1m (114.1%) 35.1% (38.3%) $0.60 (106.9%)
2021 $1.8b (-1.5%) $420.1m (-33.1%) $421.8m 23.8% (-32.1%) $0.40 (-33.3%)
2022 $1.7b (-1.7%) $252.9m (-39.8%) $521.2m (23.6%) 14.6% (-38.8%) $0.24 (-40.0%)
2023 $1.9b (11.6%) $10.1m (-96.0%) $638.1m (22.4%) 0.5% (-96.4%) $0.01 (-95.8%)
2024 $1.9b (-1.7%) $-629.9m (-6338.4%) $860.7m (34.9%) -33.1% (-6444.1%) $-0.48 (-4900.0%)
2025 $3.1b (60.9%) $401.9m (163.8%) $886.0m (2.9%) 13.1% (139.6%) $0.30 (162.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

loss_in_2024

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.