Vista Gold Corp (NYSE: VGZ)

Sector: Basic Materials Industry: Gold CIK: 0000783324
Market Cap 216.34 Mn
P/B 14.76
P/E -29.00
P/S 0.00
ROIC (Qtr) -65.48
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00

About

Price action

Investment thesis

Bull case

  • Tangible assets of 15.85M provide robust 16.99x coverage of other current liabilities 933000, indicating strong asset backing.
  • Strong cash position of 13.72M provides 14.70x coverage of other current liabilities 933000, indicating excellent liquidity.
  • Cash reserves of 13.72M provide robust 12.17x coverage of current liabilities 1.13M, indicating strong short-term solvency.
  • Cash reserves of 13.72M provide solid 195.96x coverage of other non-current liabilities 70000, indicating strong liquidity.
  • Cash position of 13.72M represents healthy 1.07x of working capital 12.79M, demonstrating strong operational liquidity.

Bear case

  • Investment activities of (1.08M) provide weak support for R&D spending of 5.51M, which is -0.20x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (6.57M) shows concerning coverage of stock compensation expenses of 702000, with a -9.36 ratio indicating potential earnings quality issues.
  • Free cash flow of (7.65M) provides weak coverage of capital expenditures of 1.08M, with a -7.07 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (7.46M) show weak coverage of depreciation charges of 82000, with a -90.98 ratio indicating high capital intensity and potential reinvestment needs.
  • Operating cash flow of (6.57M) barely covers operating expenses of 82000 with a -80.10 ratio, suggesting thin operational efficiency margins and limited flexibility.

Peer comparison

Companies in the Gold
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 NEM NEWMONT Corp /DE/ 121.63 Bn 16.92 5.66 5.65 Bn
2 AEM Agnico Eagle Mines Ltd 96.06 Bn 27.86 9.09 0.34 Bn
3 B Barrick Mining Corp 82.76 Bn 23.10 5.67 4.71 Bn
4 WPM Wheaton Precious Metals Corp. 56.61 Bn 56.52 30.93 0.01 Bn
5 FNV FRANCO NEVADA Corp 44.11 Bn 47.96 28.52 0.00 Bn
6 KGC Kinross Gold Corp 38.43 Bn 21.85 5.96 1.24 Bn
7 PAAS Pan American Silver Corp 19.78 Bn 31.19 6.08 0.86 Bn
8 AGI Alamos Gold Inc 17.45 Bn 32.41 10.85 0.28 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 12.81 3.17
EV to Cash from Ops. EV/CFO -30.93 -11.55
EV to Debt EV to Debt 0.00 548.67
EV to EBIT EV/EBIT -27.23 12.24
EV to EBITDA EV/EBITDA -21.92 3.14
EV to Free Cash Flow [EV/FCF] EV/FCF -26.55 12.17
EV to Market Cap EV to Market Cap 0.94 1.72
EV to Revenue EV to Revenue 0.00 7.50
Price to Book Value [P/B] P/B 14.76 5.26
Price to Earnings [P/E] P/E -29.00 -1.39
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 1.54
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 5.40
Dividend per Basic Share Div per Share (Qtr) 0.00 0.17
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 10.25
Interest Coverage Int. cover (Qtr) 0.00 406.21
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -105.66 -97.36
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -27.63 130.91
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -5.27
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -166.22 518.35
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -185.82 53.19
EBIT Growth (1y) % EBIT 1y % (Qtr) -166.22 679.30
EBT Growth (1y) % EBT 1y % (Qtr) -166.22 144.05
EPS Growth (1y) % EPS 1y % (Qtr) -170.00 224.62
FCF Growth (1y) % FCF 1y % (Qtr) -156.45 171.65
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 0.00 84.25
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.26
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.03
Cash Ratio Cash Ratio (Qtr) 12.17 3.14
Current Ratio Curr Ratio (Qtr) 12.35 4.90
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 0.27
Interest Cover Ratio Int Coverage (Qtr) 0.00 406.21
Times Interest Earned Times Interest Earned (Qtr) 0.00 406.21
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % 0.00 -19.19
EBIT Margin % EBIT Margin % 0.00 -44.57
EBT Margin % EBT Margin % 0.00 -34.79
Gross Margin % Gross Margin % 0.00 30.59
Net Profit Margin % Net Profit Margin % 0.00 -40.44