Latest Ratios: P/E Ratio 1.3x · EV/EBITDA 2.7x · ROE 2.7%. (2021–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Market Cap | $933226 | — | — | — | — |
| Enterprise Value | $2M | — | — | — | — |
| P/E Ratio → | 1.33 | — | — | — | — |
| P/S Ratio | — | — | — | — | — |
| P/B Ratio | 0.70 | — | — | — | — |
| P/FCF | — | — | — | — | — |
| P/OCF | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — |
| EV / EBITDA | 2.71 | — | — | — | — |
| EV / EBIT | — | — | — | — | — |
| EV / FCF | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — |
| Operating Margin | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| ROE | 2.7% | 2.7% | 3.7% | 6.3% | 4.1% |
| ROA | 2.4% | 2.4% | 3.5% | 5.8% | 3.7% |
| ROIC | -5.9% | -5.9% | -2.4% | -0.8% | — |
| ROCE | -7.9% | -7.9% | -3.1% | -1.0% | -0.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Debt / Equity | 1.00 | 1.00 | 0.02 | 0.00 | — |
| Debt / EBITDA | 1.62 | 1.62 | 0.19 | 0.01 | — |
| Net Debt / Equity | — | 0.97 | 0.02 | 0.00 | -0.00 |
| Net Debt / EBITDA | 1.57 | 1.57 | 0.15 | 0.00 | -0.08 |
| Debt / FCF | — | — | — | — | — |
| Interest Coverage | -18.59 | -18.59 | -277.82 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Current Ratio | 0.03 | 0.03 | 0.56 | 0.48 | 12.81 |
| Quick Ratio | 0.03 | 0.03 | 0.56 | 0.48 | 12.81 |
| Cash Ratio | 0.02 | 0.02 | 0.20 | 0.06 | 5.30 |
| Asset Turnover | — | — | — | — | — |
| Inventory Turnover | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Earnings Yield | 75.3% | — | — | — | — |
| FCF Yield | — | — | — | — | — |
| Buyback Yield | 100.0% | — | — | — | — |
| Total Shareholder Yield | 100.0% | — | — | — | — |
| Shares Outstanding | — | $10M | $22M | $29M | $29M |
Imminent liquidation and insolvency
According to recent financial data, BGLWW trades at a P/E of 1.80 and an EV/EBITDA of 3.12, yet these metrics are fundamentally misleading as they reflect non-operating accounting adjustments rather than any underlying earnings power or operational growth potential within this pre-merger shell entity.
The low valuation multiples appear to be a byproduct of warrant liability accounting rather than a reflection of intrinsic value. Investors should monitor that these ratios lack a forward-looking component, as the absence of a definitive merger agreement renders traditional valuation frameworks largely inapplicable to this instrument.
Based on reported figures, BGLWW's ROIC has remained consistently negative, reaching -1.5% in 2024Q4, which underscores the entity's inability to generate returns on its invested capital while it remains in a dormant state awaiting a potential business combination in the gold sector.
The persistent negative return on capital suggests that the entity is effectively consuming its own equity base to cover administrative overhead. This trend warrants further investigation into whether the sponsor can pivot toward a value-accretive acquisition before the remaining capital is fully exhausted by ongoing listing costs.
As reported in recent financial statements, the company's current ratio has plummeted to 0.03, indicating that BGLWW possesses virtually no liquid assets to cover its immediate liabilities, a situation that leaves the entity highly vulnerable to insolvency if external funding is not secured immediately.
The extreme compression of the quick ratio to 0.03 suggests that the entity is operating at the absolute limit of its financial runway. Investors should interpret this as a signal that the company's ability to continue as a going concern is entirely dependent on external capital injections.
According to the 2024Q4 balance sheet, BGLWW maintains a debt-to-equity ratio of 1.00, which, when viewed alongside the reported debt-to-EBITDA of 5.59, suggests that the entity is increasingly reliant on leverage to sustain its operations despite having no revenue to support such obligations.
The rising debt-to-EBITDA ratio appears to indicate that the company's leverage is becoming increasingly difficult to manage relative to its non-existent operational cash flow. This structural imbalance suggests that the entity may face significant refinancing risks if a merger is not finalized in the near term.
The most commonly misapplied metric for BGLWW is the Price-to-Earnings ratio, which obscures the reality that the company is a non-operational shell where reported net income is driven by volatile warrant liability revaluations rather than sustainable business performance or gold production margins.
Analysts should instead focus on the cash burn rate and the remaining time until the mandatory liquidation date, as these are the true drivers of value for warrant holders. Relying on P/E or P/B ratios in this context may lead to a fundamental misunderstanding of the entity's risk profile.
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Quick answers to the most common questions about buying BGLWW stock.
Blue Gold Limited Warrant's current P/E ratio is 1.3x. This places it at the 50th percentile of its historical range.
Blue Gold Limited Warrant's current EV/EBITDA is 2.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Blue Gold Limited Warrant's return on equity (ROE) is 2.7%. The historical average is 4.2%.
Based on historical data, Blue Gold Limited Warrant is trading at a P/E of 1.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Blue Gold Limited Warrant's Debt/EBITDA ratio is 1.6x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.