China Gold International Resources Corp. Ltd. (CGG.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-33.3%

CA$20.67

vs CA$30.98 price

Levered DCF

CA$22.15

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

7.66

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	17.04×	32.36×	-65.42×	5.15×	4×	5.1×	-11.19×	-109.23×
P/B	3.45×	1.16×	0.98×	0.61×	0.59×	0.36×	0.25×	0.31×
P/S	6.09×	2.71×	3.63×	1.03×	0.93×	0.66×	0.55×	0.8×
EV / EBITDA	10.94×	10.09×	18.83×	3.05×	3.53×	4.4×	7.51×	8.17×
Gross margin	51.7%	23.8%	15.8%	35.0%	35.1%	23.8%	9.1%	18.7%
Operating margin	44.4%	16.3%	7.0%	28.7%	29.3%	17.8%	-0.5%	7.5%
Net margin	35.6%	8.3%	-5.6%	20.2%	23.5%	13.0%	-5.0%	-0.8%
Current ratio	2.25×	1.96×	1.56×	1.15×	1.58×	1.32×	0.56×	1.09×
Debt / equity	0.24×	0.42×	0.45×	0.44×	0.54×	0.78×	0.87×	0.84×
Interest coverage	36.21×	6.29×	1.51×	12.48×	10.87×	3.89×	-0.08×	1.04×
Dividend yield	0.4%	0.0%	8.8%	8.7%	4.6%	0.0%	0.0%	0.0%
Payout ratio	6.8%	0.0%	-575.1%	44.5%	18.1%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	20.2%	3.6%	-1.5%	11.8%	14.7%	7.1%	-2.3%	-0.3%
Return on invested capital	15.6%	3.1%	1.2%	8.8%	9.5%	4.6%	-0.1%	1.5%
Return on assets	13.9%	2.1%	-0.9%	7.0%	8.2%	3.4%	-1.0%	-0.2%
Free cash flow yield	8.0%	10.8%	-3.6%	35.1%	24.8%	19.3%	7.7%	4.7%
Earnings yield	5.9%	3.1%	-1.5%	19.5%	25.2%	19.8%	-9.1%	-1.1%
Enterprise value	CA$8.1B	CA$2.6B	CA$2.3B	CA$1.6B	CA$1.8B	CA$1.5B	CA$1.4B	CA$1.6B
Net debt / EBITDA	0.2×	2.16×	5.4×	0.8×	1.48×	2.79×	5.61×	5.77×
Cash conversion cycle (days)	151	77	273	132	135	148	162	202