GB00B2QPKJ12 (GB00B2QPKJ12)

$3290.00
+1.48%
$24.2B
Market Cap
23.5
P/E Ratio
0.74
Beta
2.90%
Dividend Yield
Piotroski 8/9Altman Z 11.7 SafeROIC−WACC +2.1%

Quantitative Summary

Deterministic

Financial health metrics are strong: Piotroski 8/9, Altman Z 11.7 (above 3.0 safe zone threshold). DCF fair value of $14 implies 100% downside based on model assumptions.

Generated deterministically from quant metrics and financial statements. Not a recommendation.

Algorithmic Teardown

AI-Generated

The equity exhibits a robust fundamental profile characterized by a 2.1% ROIC-WACC spread, indicating capital generation that exceeds the cost of financing, supported by an exceptional Piotroski F-Score of 8/9 and an Altman Z-Score of 11.7 which suggests negligible distress risk. This financial resilience is underpinned by strong operational leverage where a 35.6% gross margin drives returns despite modest net margins at 4.0%, while revenue growth accelerates at 29.2% year-over-year. However, the Profitability Factor (RMW) score of -0.679 reveals a divergence between current earnings power and historical profitability trends relative to peers, suggesting that recent expansion may be compressing bottom-line efficiency even as top-line velocity remains high.

Valuation metrics present a significant discrepancy between market pricing and intrinsic value models; the stock trades at 25.7x forward earnings, substantially above sector norms implied by its weak RMW factor, while the DCF model assigns a fair value of $22 with an upside calculation showing -99.4% relative to current levels. This steep discount in the discounted cash flow analysis stems from market assumptions regarding future free cash flow growth, which are currently priced at 50.0% annually over a ten-year horizon—a trajectory that appears inconsistent with typical sustainable growth rates for established firms and likely drives the wide gap between implied fair value and trading price.

Risk-adjusted performance data indicates complex factor exposures; while the stock demonstrates an anomalous Fama-French Alpha of 54.93%, suggesting superior risk-adjusted returns over the measurement period, this is counterbalanced by a neutral Value Factor (HML) score of 0.034. The combination of high growth expectations embedded in valuation and weak relative profitability metrics creates a scenario where future performance will depend heavily on whether net margins can expand to match revenue velocity or if the market must re-rate expectations downward given the current multiple compression implied by DCF models.

Generated by LLM from quantitative data inputs. May contain inaccuracies. Not investment advice.

DCF Sandbox

Interactive
Market Price
$3290.00
Fair Value
$450
Implied Upside
-86.3%
$450IMPLIED FAIR VALUEOVERVALUEDOVERUNDER
Growth Rate (Y1–5)-30%
-10%20%50%
Discount Rate (WACC)9.5%
5%12.5%20%

5-year two-stage DCF. Terminal growth 3%. Default sliders match the pre-computed base case. Drag to explore scenarios. Not investment advice.

Reverse DCFMarket-Implied
50.0%annual FCF growth priced in at $3290.00

The growth rate the market implicitly expects over the next 10 years to justify today's price. Compare with historical growth of 29% YoY revenue.

Sensitivity Matrix

TG ↓ / WACC →7.5%9.5%11.5%
2%$17$13$10
3%$20$14$11
4%$25$16$12

Center = base case. Green = >10% upside, Red = >10% downside vs $3290.00.

Pre-computed DCF: WACC=9.5%, terminal growth 3%. Fair value $14 (-99.6%). Not investment advice.

Price Chart with Moving Averages

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SMA 50 SMA 200

Technical Setup

AI Generated

The current price level of $3,323.00 for GB00B2QPKJ12 presents a technical snapshot that requires careful interpretation regarding its underlying momentum structure. Without access to historical drawdown metrics or specific volatility indices in the provided dataset, it is impossible to definitively characterize whether observed strength stems from robust fundamentals or fragile sentiment driven by short-term liquidity flows. The absence of data on recent price retracements prevents an assessment of how deeply the asset has corrected from prior highs, which is a critical factor in distinguishing sustainable trends from speculative spikes. Similarly, lacking volatility measures such as Average True Range or standard deviation calculations, one cannot determine if the current valuation range reflects stable market consensus or heightened uncertainty that could lead to sharp corrections should underlying economic conditions shift. In this environment where specific risk indicators are unavailable for synthesis, the technical picture remains incomplete regarding the resilience of the price action at $3,323.00. Any perceived momentum must be viewed with caution until corroborated by data on historical lows and fluctuation intensity, as these elements typically reveal whether an asset is consolidating after a significant decline or merely experiencing temporary relief rallies. The fundamental backdrop cannot be weighed against technical noise without the necessary statistical context to measure exposure to downside risk. Consequently, while the price point itself indicates current market valuations, the structural integrity of this position relative to potential adverse scenarios remains undefined based solely on the single data point provided.

RSI (14)
SMA 50
SMA 200

Quant Health Deep Dive

8/9
Piotroski F-Score
Strong — high operational efficiency and profitability signals
11.7
Altman Z-Score
Safe Zone — above 3.0 threshold per academic model. Thresholds: >3 safe, 1.8–3 grey, <1.8 distress.

Profitability & Value Creation

35.6%
Gross Margin
4.0%
Net Margin
11.7%
ROIC
9.5%
WACC
ROIC − WACC Spread: +2.1%— Positive spread.
+29.3%
Revenue Growth (YoY)
-39.8%
Earnings Growth (YoY)
929.3M
Free Cash Flow
8%
FCF Payout Ratio

✅ Conservative payout — room for dividend increases.

Balance Sheet Health

0.40x
Debt / Equity
6.63x
Current Ratio
11.6x
Interest Coverage
-0.2x
Net Debt / EBITDA
3.54%
FCF Yield
1.4B
EBITDA

Dividend History

$79.7486
Latest Dividend
$66.51
2025 Total
+690.7%
YoY Growth
Annual Dividends per Share
$2.96
2008
$8.33
2009
$17.06
2010
$61.08
2011
$34.48
2012
$45.00
2013
$6.99
2014
$3.32
2015
$8.99
2016
$24.80
2017
$30.01
2018
$15.07
2019
$11.34
2020
$23.74
2021
$21.99
2022
$11.78
2023
$8.41
2024
$66.51
2025
$79.75
2026
DateAmountChange
2026-04-23$79.7486+418.2%
2025-08-14$15.3881-69.9%
2025-04-17$51.1257+921.2%
2024-08-08$5.0063+47.0%
2024-04-18$3.4059+208.0%
2023-08-10$1.1058-89.6%
2023-04-27$10.6758+279.3%
2022-08-11$2.8143-85.3%
2022-04-28$19.1786+168.4%
2021-08-12$7.1442-57.0%
2021-04-22$16.5957+844.6%
2020-08-06$1.7569-81.7%

Dividend and split data from SEC filings and market data. Amounts are per share, not adjusted for splits. Source: yfinance.

Risk Profile

41.5%
Annual Volatility
2.73
Sharpe (1Y)
1.27
Sharpe (3Y)
-45.0%
Max Drawdown (3Y)
-55.4%
Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Max drawdown = largest peak-to-trough decline. 1,200+ trading days.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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Rolling 60-Day Beta vs S&P 500 (VOO)

How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

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Rolling Beta Market (β = 1.0)

Fama-French 5-Factor Exposure

Academic factor model decomposition — what's really driving this stock's returns.

0.21
Market β
Mkt-RF
-0.003
Size (SMB)
Neutral
+0.034
Value (HML)
Neutral
-0.679
Profit (RMW)
Weak
+0.013
Invest (CMA)
Neutral
Alpha (annual): +54.93%
R²: 3.6%of variance explained by 5 factors

Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.

Fundamentals

13.6
Forward P/E
1.56
PEG Ratio
7.03
Price/Book
1M
Avg Volume
$4472.00
52W High
$1170.00
52W Low
64%
52W Range Position

Passive Flow Attribution

ETF Draft Effect
$598M
Tracked Passive Exposure
7
ETFs Holding GB00B2QPKJ12
0.14%
Avg Weight in ETFs
$413B
Total ETF AUM

When investors buy or sell ETFs like GDX or EFA, the fund manager is mechanically forced to buy or sell GB00B2QPKJ12 shares regardless of GB00B2QPKJ12's individual fundamentals. We estimate $598M of passive capital is structurally linked to GB00B2QPKJ12 through 7 tracked ETFs. Passive flows have a limited but growing influence on GB00B2QPKJ12's daily trading dynamics.

Passive exposure = Σ (ETF AUM × stock weight in ETF) across 7 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.

ETF Contagion Visualizer

Simulate a price drop in GB00B2QPKJ12 to visualize passive redemption contagion across ETFs and collateral stocks.

GB00B2QPKJ12 Shock
-0%
Est. Passive Redemption
$0
Systemic Risk
STABLE
GB00B2QPKJ12EpicenterIEFAETFEFAETFSCHFETF008474108UnknownNEMLow Risk06849F108UnknownNL0010273215Low Risk962879102Unknown
GB00B2QPKJ12 Price Drop (%)0

If GB00B2QPKJ12 (GB00B2QPKJ12) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies Agnico Eagle Mines Ltd (008474108) as the most exposed collateral stock, sharing 2 ETFs with GB00B2QPKJ12. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.

Contagion model based on shared ETF exposure and constituent weights across 7 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.

GB00B2QPKJ12 Ownership Dynamics

Passive funds hold 1 in every 60 GB00B2QPKJ12 shares, reducing daily market volatility.

Ticker
GB00B2QPKJ12
Total Shares
737M
ETF Lock-Up
1.7%
Display Mode
Total Float Impact
1.7%Locked Float

GB00B2QPKJ12 (GB00B2QPKJ12) exerts measurable gravity on the passive index market, currently representing 1.6% of the VanEck Gold Miners ETF (GDX) and 0.1% of the iShares MSCI EAFE ETF (EFA). Across 7 tracked ETFs, approximately 12M shares (1.7% of float) are held by passive funds and rarely trade on the open market. As passive ownership grows, index inclusion changes may increasingly drive price discovery.

Float lock-up computed from 7 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).

GB00B2QPKJ12 Institutional Volume Profile

252-day volume distribution by price level. The Point of Control (POC) marks the price where the most institutional volume transacted — an implicit support/resistance floor.

TICKER
GB00B2QPKJ12
PRICE
$3290.00
FLOOR (POC)
$1453.40
STRENGTH
High
$112$335$559$783$1006$1230$1453POC 19%$167714%$1901$212411%$234813%$2571$2795$3019$3242$3290.00$34666%$36896%$3913$4137$4360
Focus Zone
Point of Control (POC) Support (below price) Resistance (above price) Current Price

The highest-volume price zone for GB00B2QPKJ12 over the past year sits near $1453.40 (19% of 252-day volume). The current price of $3290.00 trades 126.4% above this institutional floor — a sign of upside momentum, though a pullback to the POC zone is a common reversion target. The highly concentrated volume profile (19% at POC) indicates strong consensus on fair value — institutional participants have repeatedly transacted near this price.

Volume Profile computed from 252 trading days of OHLCV data. Volume allocated to price bins proportionally based on daily high-low range. Not investment advice.

GB00B2QPKJ12 Capital Efficiency

How efficiently does GB00B2QPKJ12 convert operating profits into free cash? The FCF Conversion ratio measures the gap between accounting earnings and real cash generation.

Free Cash Flow
$929M
EBITDA
$1.4B
FCF Conversion
65%
Reinvestment Rate
35%
65% of EBITDA → Free Cash
0% (cash burn)25% (low)50% (efficient)100% (pure cash)
ROIC
11.7%
ROIC − WACC Spread
2.1%

GB00B2QPKJ12 converts 65% of its EBITDA into free cash flow, an exceptional conversion rate indicating an asset-light business model with minimal capital reinvestment drag. The positive ROIC-WACC spread of 2.1% confirms that reinvested capital creates shareholder value.

Capital efficiency = Free Cash Flow ÷ EBITDA. Reinvestment = (EBITDA − FCF) ÷ EBITDA. Metrics from latest annual filings. Not investment advice.

Price Correlations

Statistical correlation of daily returns with other stocks. High correlations indicate stocks that move together; negative correlations can offer diversification.

Peer252-Day (1Y)126-Day (6M)Direction
WTGXXNaNNaN
GB00BL6K5J420.6520.632Moderate
NEM0.6470.677Moderate
GB00BRXH26640.6330.615Moderate
AU0.6330.615Moderate
GFI0.6310.627Moderate
MXP5540914150.5670.559Moderate
RGLD0.5650.550Moderate
HL0.5350.615Moderate
CDE0.5170.589Moderate

Pearson correlation of daily log returns. 252d ≈ 1 trading year. Computed from price history. Not investment advice.

Compare GB00B2QPKJ12 to Peers

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.

SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.