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Compania de Minas Buenaventura SAA (BVN)
NYSE:BVN
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Compania de Minas Buenaventura SAA
(NYSE:BVN)
78Outperform
Compania de Minas Buenaventura SAA (BVN) vs. S&P 500 (SPY)
Market Cap
$3.70B
Dividend Yield1.95%
Average Volume (3M)1.31M
Price to Earnings (P/E)9.1
Beta (1Y)0.82
Revenue Growth39.13%
EPS Growth1927.49%
CountryUS
Employees13,759
SectorBasic Materials
Sector Strength59
IndustryOther Precious Metals
Share Statistics
EPS (TTM)1.58
Shares Outstanding253,715,180
10 Day Avg. Volume1,315,505
30 Day Avg. Volume1,307,535
Financial Highlights & Ratios
PEG Ratio0.00470
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.06
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit6.95
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$16.45Price Target Upside14.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Compania de Minas Buenaventura SAA Business Overview & Revenue Model
Company DescriptionCompañía de Minas Buenaventura S.A.A. engages in the exploration, mining development, processing, and trading of precious and base metals. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region. The company also owns interests in Colquijirca, La Zanja, Yanacocha, Cerro Verde, El Brocal, Coimolache, Yumpaq, San Gregorio mines, and Trapiche mining unit. In addition, it produces manganese sulphate monohydrate and other by-products generated from minerals; and operates hydroelectric power plants. The company was incorporated in 1953 and is based in Lima, Peru.
How the Company Makes MoneyCompañía de Minas Buenaventura SAA generates revenue primarily through the sale of gold and silver extracted from its mining operations. The company operates several wholly-owned mines and holds equity stakes in other mining operations, which contribute to its consolidated revenue. Key revenue streams include the direct sale of precious metals, as well as dividends and royalty payments from its ownership interests in other mining companies. The company benefits from strategic partnerships with industry leaders, which facilitate access to advanced mining technologies and international markets. Buenaventura's earnings are influenced by global commodity prices, production volumes, and operational efficiencies.
Compania de Minas Buenaventura SAA Financial Statement Overview
Summary
Compañía de Minas Buenaventura SAA shows strong financial performance with significant revenue growth, improved profitability margins, and robust cash flow generation. The company's solid balance sheet position with low leverage enhances its financial stability. Continued focus on managing capital expenditures and maintaining revenue growth will be crucial for sustaining this positive trajectory.Income Statement
The company's income statement shows robust improvement with a significant increase in revenue from $823.85M to $1.15B, a growth rate of 40.1%. Gross profit margin improved to 48.8% from 11.1% the previous year, and net profit margin increased to 34.9% from 2.4%. EBIT margin strengthened to 38.6% from 2.6%, and EBITDA margin rose to 51.9% from 21.1%. This indicates strong profitability and efficient cost management.82
Very Positive
Balance Sheet
The balance sheet reveals a solid equity position with a debt-to-equity ratio of 0.18, suggesting manageable leverage. Return on equity improved to 11.9% from 0.7%, demonstrating enhanced profitability. The equity ratio stands at 67.2%, indicating a strong financial foundation. However, the overall asset base has increased, which may require careful management to ensure continued returns.76
Positive
Cash Flow
The cash flow statement highlights a positive shift with free cash flow growing to $148.32M from a negative position previously. Operating cash flow to net income ratio is 1.21, showing a healthy conversion of net income to cash. The free cash flow to net income ratio of 0.37 also reflects improved cash generation abilities. Although cash flow performance has improved, the capital expenditure remains substantial, impacting free cash flow.78
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.15B | 823.85M | 824.80M | 900.45M | 676.54M | Gross Profit |
| 563.13M | 91.25M | 61.33M | 87.34M | 23.93M | EBIT |
| 445.65M | 21.12M | 131.82M | 198.44M | -74.41M | EBITDA |
| 599.21M | 173.71M | 178.97M | 101.62M | 103.77M | Net Income Common Stockholders |
| 402.69M | 19.86M | 124.39M | 124.80M | -155.75M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 478.44M | 219.79M | 253.92M | 377.00M | 235.45M | Total Assets |
| 5.05B | 4.53B | 4.50B | 4.56B | 3.98B | Total Debt |
| 626.78M | 706.58M | 703.46M | 928.56M | 572.36M | Net Debt |
| 148.35M | 486.79M | 449.55M | 551.56M | 336.91M | Total Liabilities |
| 1.49B | 1.36B | 1.34B | 2.02B | 1.18B | Stockholders Equity |
| 3.39B | 3.01B | 3.01B | 2.37B | 2.63B |
| Cash Flow | Free Cash Flow | |||
| 148.32M | -11.60M | -110.31M | -287.82M | 70.89M | Operating Cash Flow |
| 486.06M | 227.07M | 41.67M | -197.51M | 142.43M | Investing Cash Flow |
| -117.92M | -205.54M | 205.75M | -86.29M | -62.22M | Financing Cash Flow |
| -109.49M | -55.66M | -370.50M | 425.35M | -35.26M |
Compania de Minas Buenaventura SAA Technical Analysis
Positive
14.37
Price Trends
14.06
Positive
13.29
Positive
13.26
Positive
Market Momentum
0.03
Positive
50.85
Neutral
35.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BVN, the sentiment is Positive. The current price of 14.37 is above the 20-day moving average (MA) of 14.17, above the 50-day MA of 14.06, and above the 200-day MA of 13.26, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 50.85 is Neutral, neither overbought nor oversold. The STOCH value of 35.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BVN.
Compania de Minas Buenaventura SAA Risk Analysis
Compania de Minas Buenaventura SAA disclosed 42 risk factors in its most recent earnings report. Compania de Minas Buenaventura SAA reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Compania de Minas Buenaventura SAA Peers Comparison
Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $3.70B | 9.06 | 12.62% | 1.95% | 39.13% | 1927.49% | |
72 Outperform | $1.20B | 12.86 | 24.89% | 1.50% | 22.63% | 28.96% | |
69 Neutral | $3.45B | 37.53 | 5.49% | ― | 27.30% | ― | |
59 Neutral | $2.87B | 80.21 | 3.49% | 0.83% | 29.12% | ― | |
53 Neutral | $1.03B | ― | -15.99% | ― | ― | 25.69% | |
49 Neutral | $1.95B | -1.37 | -21.20% | 3.73% | 0.84% | -29.84% |
* Basic Materials Sector Average
Performance Comparison
BVN
Compania de Minas Buenaventura SAA
14.37
-2.50
-14.82%
CDE
Coeur Mining
5.31
0.17
3.31%
DRD
Drdgold
13.96
6.00
75.38%
HL
Hecla Mining Company
4.54
-0.43
-8.65%
PPTA
Perpetua Resources
14.51
9.50
189.62%
ATLX
Atlas Lithium
4.32
-10.35
-70.55%
Compania de Minas Buenaventura SAA Earnings Call Summary
Earnings Call Date:May 01, 2025
(Q1-2025)
| % Change Since: 1.48%|
Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive sentiment due to strong financial performance, particularly in EBITDA and net income, alongside significant increases in silver production and reserves. However, the call also highlighted some challenges, including decreased copper and gold production, increased debt levels, and cost overruns in the San Gabriel project.Q1-2025 Updates
Positive Updates
Strong EBITDA Performance
First quarter 2025 EBITDA from direct operations was $126 million, up from $95 million in the first quarter of 2024, reflecting a higher EBITDA margin of 41% compared to 38% the previous year.
Significant Increase in Net Income
First quarter 2025 net income was $140 million, significantly higher than the $61 million reported in the first quarter of 2024.
Increase in Silver Production
Silver production reached 3.7 million ounces in the first quarter of 2025, a 20% increase compared to 3.1 million ounces in the same period last year.
Growth in Reserves
Gold reserves increased by 482,000 ounces, silver reserves by 61 million ounces, and copper reserves by 253,000 tonnes.
Decrease in All-In Sustaining Cost
The all-in sustaining cost for the first quarter of 2025 decreased by 83% year-over-year, driven by lower commercial deductions and higher byproduct credits.
Progress in San Gabriel Project
San Gabriel reached 79% overall completion by the first quarter of 2025, with construction on schedule and expected to produce its first gold bar in the fourth quarter of 2025.
Negative Updates
Decrease in Copper and Gold Production
Copper production decreased by 21% year-over-year, and gold production was 27,980 ounces compared to 36,593 ounces in the first quarter of 2024.
Increased Debt Levels
Total debt increased to $862 million due to Buenaventura 2032 notes and other outstanding notes, resulting in a net leverage ratio of 0.46x.
San Gabriel Project Cost Overrun
Total CapEx for San Gabriel increased to between $720 million and $750 million due to unexpected geotechnical and hydraulic issues.
Company Guidance
During the first quarter of 2025, Compania de Minas Buenaventura reported strong financial performance, with an EBITDA from direct operations of $126 million, up from $95 million in the same period last year, leading to an improved EBITDA margin of 41% compared to 38% previously. The company's net income rose significantly to $140 million from $61 million a year ago. The cash position was $648 million against a total debt of $862 million, reflecting a net leverage ratio of 0.46x. Silver production increased by 20% year-over-year to 3.7 million ounces, primarily from the Yumpag operation, while copper production decreased by 21% due to reduced inventory at El Brocal, and gold production fell to 27,980 ounces from 36,593 ounces due to lower production at Tambomayo and Orcopampa. The updated reserves showed increases in gold, silver, and copper reserves. San Gabriel's project saw a revised CapEx guidance for the year at $220 million-$250 million, with 79% overall project completion and a focus on commencing the ramp-up phase in Q3 2025. The all-in sustaining cost decreased by 83% year-over-year, driven by lower commercial deductions and higher byproduct credits.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.