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CGG.TO (CGG) Fair Value & Analysis

Basic Materials · CA · Market cap C$9.8B (≈ $7.1B) · ISIN CA16890P1036

What is CGG.TO really worth?

CT CGG.TO CGG · TO
PriceC$46.69
Fair ValueC$25.80
Upside−44.7%
Quality87/100

A strong business, but trading 81% above our fair value of C$25.80.

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Strengths

Highly profitable · 41.3% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Wide moat 88/100

Risks

!Mixed Growth (revenue 5y +8.7 %/yr)
!The models disagree: range C$19.26 to C$54.02
!Weak on dividend: 28 out of 100

For context

·1.38% dividend yield
Evidence: High Range C$19.26 – C$54.02

Fair value as of: Sep 5, 2026

From 26 valuation models · updated today

Share price +40.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A high-quality business (quality 87/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The model range is unusually wide (C$19.26 to C$54.02). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (5 years)

C$46.69 C$2.60 Fair Value C$25.80 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range C$2.60 – C$46.69 · fair‑value band C$19.26 – C$54.02 · the C$46.69 price screens above the C$25.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

CGG.TO (CGG) currently trades at C$46.69, while our model-based Fair Value estimate is C$25.80, implying the stock looks roughly 81.0% overvalued today. The Quality Score stands at 87/100 (high quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of C$34.58 per share, and 2 of the 26 models we run sit above the C$46.69 price. Bear case: the Asset-Based group reads lowest at C$3.90, and 24 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, CGG.TO generated revenue of C$1.5B at a net margin of 41.3%. Revenue grew 66.0% year over year. It earns a return on equity of 29.2%. Net debt stands at C$148M. Fundamentals as of Sep 5, 2026

Our scenario range runs from C$19.26 (bear case) to C$54.02 (bull case); at C$46.69, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 314% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −50% fair-value upside, at −45%, CGG screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly C$1.03 per share, which is 4.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF C$24.65 C$39.76 C$82.90 76
Growth DCF C$23.41 C$43.57 C$81.16 75
EPV C$11.60 C$13.39 C$14.93 74
All 26 models by family
DCF Models
FCF DCF C$24.65 C$39.76 C$82.90 76
Owner Earnings C$21.33 C$46.94 C$98.71 71
5Y Revenue Exit C$9.95 C$14.46 C$22.78 72
5Y EBITDA Exit C$17.20 C$30.02 C$53.42 72
5Y P/E Exit C$17.81 C$34.58 C$55.96 68
10Y Revenue Exit C$14.22 C$22.29 C$29.26 67
10Y EBITDA Exit C$19.38 C$35.93 C$65.24 65
10Y P/E Exit C$19.80 C$37.08 C$66.18 61
Earnings-Based
Graham-Dodd C$8.01 C$55.86 C$78.39 63
Lynch FV C$17.11 C$24.44 C$31.78 61
PEG = 1.0 C$17.11 C$24.44 C$31.78 57
EPV C$11.60 C$13.39 C$14.93 74
Dividend Discount
Gordon GGM C$0.7000 C$1.40 C$2.12 67
DDM Multi-Stage C$0.7000 C$1.21 C$1.48 67
Multiples
P/E Multiple C$15.02 C$20.03 C$25.03 63
P/S Multiple C$3.72 C$4.96 C$6.20 58
P/B Multiple C$13.11 C$17.48 C$21.84 55
EV/EBIT C$15.68 C$20.82 C$25.95 66
EV/EBITDA C$14.42 C$19.14 C$23.85 67
EV/Revenue C$3.75 C$5.24 C$6.73 54
Asset-Based
NCAV (Graham) C$2.91 C$3.90 C$5.83 54
Growth DCF
Growth DCF C$23.41 C$43.57 C$81.16 75
Rev-Margin DCF C$9.95 C$15.75 C$24.18 72
Economic Profit
Residual Income C$7.69 C$10.85 C$56.62 64
ROIC Compounder C$14.34 C$20.58 C$28.86 71
Growth Earnings
Growth-Adj P/E C$21.28 C$30.40 C$39.52 67

Widest divergence: DCF Models (C$34.58) versus Dividend Discount (C$1.21). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 21.1
P/S ratio 7.53 P/E × margin
EPS (TTM) C$2.21 price ÷ EPS = P/E 21.1
Dividend yield 1.4% payout 29.0%
Net margin 35.6% FY2025
Return on equity 29.2% TTM
More key figures
Profitability
Return on assets (EBIT) 8.6% avg 5y
Operating margin 59.9% TTM
Growth
Revenue (TTM) C$1.5B TTM
Revenue growth (YoY) +66.0% 3y avg +5.8%
EPS growth (YoY) +175%
Balance sheet & cash flow
Free cash flow C$639M FY2025
Net debt C$148M FY2025 · ≈ 0.2 yrs of FCF

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 87/100

Of which business quality 82 · Market factors (momentum, volatility) 71

Profitability 62
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 3
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

China Gold International Resources Corp. Ltd., a gold and base metal mining company, acquires, explores, develops, and mines mineral resources in the People's Republic of China and Canada.

Full company description

China Gold International Resources Corp. Ltd., a gold and base metal mining company, acquires, explores, develops, and mines mineral resources in the People's Republic of China and Canada. It holds 96.5% interest in the Chang Shan Hao gold mine (CSH mine) located in Inner Mongolia, China; and holds 100% interest in the Jiama copper-gold polymetallic mine that hosts copper, gold, molybdenum, silver, lead, and zinc metals located in Tibet, China. The company also engages in logistics and transport-related businesses, and investment holding activity, as well as operates an issuer of bonds. The company was incorporated in 2000 and is headquartered in Vancouver, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CGG.TO reported revenue of $1.3B in FY2025 versus $1.1B in FY2021, a compound +3.6%/yr. Reported net income was $467M in FY2025, compounding +15.0%/yr from FY2021.

Growth Quality 80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$1.3B
Latest YoY
+73.1%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.8%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.7%
Avg. revenue growth/yr (24Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+39.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+21.1% (19.7 + 1.4)
Revenue +3.6%/yr
FY21 $1.1B
FY22 $1.1B
FY23 $459M
FY24 $757M
FY25 $1.3B
Net income +15.0%/yr
FY21 $267M
FY22 $223M
FY23 −$25.5M
FY24 $62.7M
FY25 $467M

CGG screens 81% overvalued. Compare with PT Amman Mineral Internasional Tbk →

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Cite: Fair Value Calculator (2026). "CGG.TO Fair Value". https://www.fairvalue-calculator.com/stock/CGG

Peer Group

Other Precious Metals & Mining · 103 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 87 · Top 25%
Fair Value upside −45% · Below median
Return on equity (TTM) 29% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 41% · Top 25%
Operating margin (TTM) 60% · Top 25%
Revenue growth 66% · Above median
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Other Precious Metals & Mining median · lower = cheaper

P/E (TTM) 21.1× · Pricier than median
P/B 3.08× · Pricier than median
P/S (TTM) 4.77× · Cheaper than median
P/FCF 11.1× · Cheaper than median
EV/EBITDA 7.6× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 94
PAST100 · sector 0
HEALTH94 · sector 99
DIVIDEND28 · sector 48

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
PT Amman Mineral Internasional Tbk AMMN 4,480 IDR 1,021 IDR −77%
Hecla Mining Company HL $21.43 $8.14 −62%
Compañía de Minas Buenaventura S.A. BVN $35.12 $29.53 −16%
Sibanye Stillwater Limited SBSW $11.85 $19.35 +63%
China Gold International Resources Corp 2099 HK$260.80 HK$147.41 −43%
Artemis Gold Inc ARTG C$43.62 C$21.85 −50%
Triple Flag Precious Metals Corp TFPM $32.25 $16.03 −50%
PT Merdeka Battery Materials Tbk. MBMA 545.00 IDR 82.43 IDR −85%
Perpetua Resources Corp PPTA C$34.90 C$5.80 −83%
Zhaojin International Gold Co 000506 ¥19.06 ¥2.84 −85%

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Frequently asked questions

Is CGG.TO (CGG) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of C$25.80 versus a price of C$46.69, about −45% upside (overvalued).
What is the fair value of CGG?
Our model-based fair value for CGG.TO is C$25.80 (as of Sep 5, 2026), built from audited fundamentals. The current price: C$46.69.
What is the quality score of CGG?
CGG.TO has a Quality Score of 87/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of CGG.TO (CGG)?
CGG.TO reported trailing-twelve-month revenue of about C$1.5B (latest available figure, as of Sep 5, 2026).
What is the net profit margin of CGG?
The net profit margin of CGG.TO is about 41.3%, meaning it keeps roughly 41.3% of revenue as net income. Based on the latest reported figures.
Does CGG.TO pay a dividend?
CGG.TO currently shows a dividend yield of about 1.38% relative to its recent price (as of Sep 5, 2026).
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