WallStSmart

B2Gold Corp (BTG)vsWheaton Precious Metals Corp (WPM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

B2Gold Corp generates 19% more annual revenue ($3.78B vs $3.17B). WPM leads profitability with a 64.7% profit margin vs 21.3%. WPM appears more attractively valued with a PEG of 0.43. WPM earns a higher WallStSmart Score of 78/100 (B+).

BTG

Strong Buy

78

out of 100

Grade: B+

Growth: 8.7Profit: 8.5Value: 7.3Quality: 7.5
Piotroski: 4/9Altman Z: 2.03

WPM

Strong Buy

78

out of 100

Grade: B+

Growth: 10.0Profit: 9.0Value: 5.3Quality: 7.0
Piotroski: 4/9Altman Z: 12.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BTGUndervalued (+80.3%)

Margin of Safety

+80.3%

Fair Value

$28.58

Current Price

$5.35

$23.23 discount

UndervaluedFair: $28.58Overvalued
WPMSignificantly Overvalued (-63.0%)

Margin of Safety

-63.0%

Fair Value

$92.05

Current Price

$145.49

$53.44 premium

UndervaluedFair: $92.05Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BTG6 strengths · Avg: 9.3/10
P/E RatioValuation
9.6x10/10

Attractively priced relative to earnings

Operating MarginProfitability
45.7%10/10

Strong operational efficiency at 45.7%

EPS GrowthGrowth
185.4%10/10

Earnings expanding 185.4% YoY

Profit MarginProfitability
21.3%9/10

Keeps 21 of every $100 in revenue as profit

Debt/EquityHealth
0.119/10

Conservative balance sheet, low leverage

Price/BookValuation
1.8x8/10

Reasonable price relative to book value

WPM6 strengths · Avg: 10.0/10
PEG RatioValuation
0.4310/10

Growing faster than its price suggests

Profit MarginProfitability
64.7%10/10

Keeps 65 of every $100 in revenue as profit

Operating MarginProfitability
72.3%10/10

Strong operational efficiency at 72.3%

Revenue GrowthGrowth
84.7%10/10

Revenue surging 84.7% year-over-year

EPS GrowthGrowth
85.7%10/10

Earnings expanding 85.7% YoY

Altman Z-ScoreHealth
12.6110/10

Safe zone — low bankruptcy risk

Areas to Watch

BTG2 concerns · Avg: 2.0/10
PEG RatioValuation
4.712/10

Expensive relative to growth rate

Free Cash FlowQuality
$-237.30M2/10

Negative free cash flow — burning cash

WPM2 concerns · Avg: 3.0/10
P/E RatioValuation
34.7x4/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-3.85B2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : BTG

The strongest argument for BTG centers on P/E Ratio, Operating Margin, EPS Growth. Profitability is solid with margins at 21.3% and operating margin at 45.7%. Revenue growth of 14.0% demonstrates continued momentum.

Bull Case : WPM

The strongest argument for WPM centers on PEG Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 64.7% and operating margin at 72.3%. Revenue growth of 84.7% demonstrates continued momentum.

Bear Case : BTG

The primary concerns for BTG are PEG Ratio, Free Cash Flow.

Bear Case : WPM

The primary concerns for WPM are P/E Ratio, Free Cash Flow.

Key Dynamics to Monitor

BTG profiles as a mature stock while WPM is a growth play — different risk/reward profiles.

BTG carries more volatility with a beta of 1.46 — expect wider price swings.

WPM is growing revenue faster at 84.7% — sustainability is the question.

BTG generates stronger free cash flow (-237M), providing more financial flexibility.

Bottom Line

BTG scores higher overall (78/100 vs 78/100), backed by strong 21.3% margins and 14.0% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

B2Gold Corp

BASIC MATERIALS · GOLD · USA

B2Gold Corp. The company is headquartered in Vancouver, Canada.

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Wheaton Precious Metals Corp

BASIC MATERIALS · GOLD · USA

Wheaton Precious Metals Corp. The company is headquartered in Vancouver, Canada.

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