Intrinsiqq

B2Gold Corp. (BTG) Quality Score

BTG
Quality87

Score benefits from a low current multiple. Growth is the strongest dimension, business quality lags behind.

Broad-market heuristics · Not a buy/sell signal

Valuation and growth

Earnings Multiple
100/100
9.5x

Under 20x, reasonable relative to earnings

Cash Flow Multiple
100/100
8.5x

Under 20x cash flow, well covered

Revenue Growth
100/100
21.6%

Above 10% CAGR, strong compounder

Cash Flow Growth
100/100
45.6%

Above 10% CAGR, strong compounder

Business Quality & Capital Allocation

Share Dilution
0/100
40.0%

Heavy dilution above 5%

Margin Trend
100/100
+16.1pp

Expanded 3+pp, strong improvement

Capital Structure
90/100
$213M

Net debt/FCF of 0.2x, easily serviceable

2022
$652M
$57M
2023
$307M
$192M
2024
$349M
$438M
2025
$385M
$598M
Return on Capital
80/100
18.2%

15–20%, well above cost of capital

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B2Gold (BTG) quality: score, margins and returns

B2Gold (BTG) scores 87/100 on Intrinsiqq's quality score (a high-quality business), a weighted blend of 8 metrics each scored 0 to 100, on 45.9% operating margins and 18.2% ROIC. Every metric is computed from company filings; this is analysis, not investment advice.

Frequently asked

Is B2Gold (BTG) a high-quality business?+

B2Gold scores 87 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which rates it a high-quality business on these measures. Recent figures include a 45.9% operating margin and a 18.2% return on invested capital. Quality and price are separate questions: even a great business can be a poor investment if you overpay, so read this score alongside the valuation. The metric-by-metric breakdown is on this scorecard.

What does B2Gold's quality score measure?+

Intrinsiqq's quality score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, change in share count, and balance-sheet strength, each computed from BTG's company filings rather than opinion or sentiment. A higher score means a more durable, capital-efficient business; it is not a buy or sell signal. Open each metric on this page to see exactly where B2Gold scores well and where it falls behind.

What is B2Gold's return on invested capital (ROIC)?+

B2Gold earns about 18.2% on its invested capital, which is strong. ROIC measures how much profit a company generates per dollar put to work; sustained ROIC above its cost of capital is one of the clearest signs of a real competitive moat. Compare it to BTG's margins and growth on this scorecard to judge durability.

How profitable is B2Gold?+

B2Gold runs an operating margin of about 45.9% and a net margin of about 21.9%. Revenue has grown at roughly 14.8% a year recently. High, stable margins usually point to pricing power and operating discipline. Margins are most telling next to growth and returns on capital, all of which feed this quality score. This is analysis from company filings, not investment advice.

How the market compares: US profitability statistics

Related stocks: Gold

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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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