VISTA GOLD CORP
$2.62
−0.02 (−0.76%) · delayed · Nov 13, 2026
Five-year price
52w $1.49 to $3.13
- Market cap
- $328M
- Enterprise value
- $314M
- P/E
- —
- EV / EBIT
- —
- FCF yield
- −2.2%
- ROIC
- −494.3%
- Debt / equity
- —
- Piotroski F
- 3/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
25
- ●ROIC > 12% (5y avg)5y avg ROIC 303.3%
- ○ROE > 15% (5y avg)5y avg ROE -55.1%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ○Earnings convert to cashFCF / net income -54% (5y avg)
- –Growing revenueRevenue CAGR 5y n/a
- ○Shrinking share countDiluted shares 19.8% over 5y
Value
n/a
- –P/E below 15P/E n/a
- –EV/EBIT below 12EV/EBIT n/a
- ○FCF yield above 6%FCF yield -2.2%
- –Price below Graham NumberGraham Number n/a
- ○P/B below 3P/B 21.7
Safety
33
- –Debt / equity below 0.5D/E n/a
- ○Debt payable in < 4 yrs of earningsNet debt $-0.0B
- –Interest coverage > 8xCoverage n/ax
- ●Current ratio > 1.5Current ratio 12.97
- ○Piotroski F-score ≥ 6F-score 3/9
Graham Defensive
25
- ○Adequate size (revenue > $2B)Revenue $0.0B
- ●Strong condition (current ratio ≥ 2)Current ratio 12.97
- ○Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)n/a
- –Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) n/a
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
A cash-flow valuation isn’t meaningful here: free cash flow is negative or not reported (common for banks, insurers and early-stage companies). Use book value and earnings power instead.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | (7) | 11 | (9) |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Pre-tax income | (3) | (12) | (9) | (9) | 0 | (15) | (5) | (7) | 11 | (7) |
| Income tax | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net income | (3) | (12) | (9) | (9) | 0 | (15) | (5) | (7) | 11 | (7) |
| EPS (diluted) | -0.04 | -0.12 | -0.09 | -0.09 | 0.00 | -0.14 | -0.04 | -0.05 | 0.09 | -0.06 |
| Diluted shares | 89 | 99 | 100 | 101 | 104 | 110 | 118 | 120 | 126 | 125 |
Who owns it