BARRICK GOLD CORP (ABR.DE) Stock Fundamental Analysis
FRA:ABR - Deutsche Boerse Ag - CA0679011084 - Common Stock - Currency: EUR
Overall ABR gets a fundamental rating of 7 out of 10. We evaluated ABR against 39 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making ABR a very profitable company, without any liquidiy or solvency issues. ABR scores decently on growth, while it is valued quite cheap. This could make an interesting combination. With these ratings, ABR could be worth investigating further for value and quality investing!.
1. Profitability
1.1 Basic Checks
ABR had positive earnings in the past year.
ABR had a positive operating cash flow in the past year.
Each year in the past 5 years ABR has been profitable.
In the past 5 years ABR always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 4.50%, ABR is doing good in the industry, outperforming 71.79% of the companies in the same industry.
Looking at the Return On Equity, with a value of 8.83%, ABR is in the better half of the industry, outperforming 74.36% of the companies in the same industry.
ABR has a Return On Invested Capital of 6.58%. This is in the better half of the industry: ABR outperforms 71.79% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ABR is in line with the industry average of 6.07%.
The 3 year average ROIC (5.32%) for ABR is below the current ROIC(6.58%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.5% | ||
| ROE | 8.83% | ||
| ROIC | 6.58% |
ROA(3y)2.74%
ROA(5y)3.51%
ROE(3y)5.39%
ROE(5y)6.92%
ROIC(3y)5.32%
ROIC(5y)5.94%
1.3 Margins
With an excellent Profit Margin value of 16.59%, ABR belongs to the best of the industry, outperforming 82.05% of the companies in the same industry.
In the last couple of years the Profit Margin of ABR has declined.
The Operating Margin of ABR (33.59%) is better than 97.44% of its industry peers.
ABR's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 38.39%, ABR is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
In the last couple of years the Gross Margin of ABR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.59% | ||
| PM (TTM) | 16.59% | ||
| GM | 38.39% |
OM growth 3Y-2.73%
OM growth 5Y7.55%
PM growth 3Y-0.55%
PM growth 5Y-16.49%
GM growth 3Y-2.05%
GM growth 5Y5.86%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ABR is destroying value.
The number of shares outstanding for ABR has been reduced compared to 1 year ago.
The number of shares outstanding for ABR has been reduced compared to 5 years ago.
The debt/assets ratio for ABR has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.40, we must say that ABR is in the distress zone and has some risk of bankruptcy.
ABR has a Altman-Z score of 1.40. This is in the lower half of the industry: ABR underperforms 71.79% of its industry peers.
ABR has a debt to FCF ratio of 3.59. This is a good value and a sign of high solvency as ABR would need 3.59 years to pay back of all of its debts.
ABR's Debt to FCF ratio of 3.59 is fine compared to the rest of the industry. ABR outperforms 76.92% of its industry peers.
A Debt/Equity ratio of 0.19 indicates that ABR is not too dependend on debt financing.
ABR's Debt to Equity ratio of 0.19 is fine compared to the rest of the industry. ABR outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 3.59 | ||
| Altman-Z | 1.4 |
ROIC/WACC0.74
WACC8.9%
2.3 Liquidity
A Current Ratio of 2.89 indicates that ABR has no problem at all paying its short term obligations.
The Current ratio of ABR (2.89) is better than 84.62% of its industry peers.
ABR has a Quick Ratio of 2.15. This indicates that ABR is financially healthy and has no problem in meeting its short term obligations.
ABR's Quick ratio of 2.15 is amongst the best of the industry. ABR outperforms 84.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.89 | ||
| Quick Ratio | 2.15 |
3. Growth
3.1 Past
ABR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 51.19%, which is quite impressive.
ABR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.55% yearly.
ABR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.38%.
ABR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.87% yearly.
EPS 1Y (TTM)51.19%
EPS 3Y2.77%
EPS 5Y19.55%
EPS Q2Q%70.37%
Revenue 1Y (TTM)13.38%
Revenue growth 3Y2.54%
Revenue growth 5Y5.87%
Sales Q2Q%19.16%
3.2 Future
ABR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.03% yearly.
ABR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.49% yearly.
EPS Next Y27.68%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
EPS Next 5Y8.03%
Revenue Next Year3.85%
Revenue Next 2Y4.44%
Revenue Next 3Y5.51%
Revenue Next 5Y2.49%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.87, ABR is valued correctly.
Based on the Price/Earnings ratio, ABR is valued a bit cheaper than 69.23% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.79. ABR is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 11.69, which indicates a very decent valuation of ABR.
ABR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ABR is cheaper than 64.10% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.38. ABR is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.87 | ||
| Fwd PE | 11.69 |
4.2 Price Multiples
69.23% of the companies in the same industry are more expensive than ABR, based on the Enterprise Value to EBITDA ratio.
61.54% of the companies in the same industry are more expensive than ABR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.85 | ||
| EV/EBITDA | 5.41 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of ABR may justify a higher PE ratio.
A more expensive valuation may be justified as ABR's earnings are expected to grow with 14.50% in the coming years.
PEG (NY)0.54
PEG (5Y)0.76
EPS Next 2Y21.39%
EPS Next 3Y14.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.02%, ABR has a reasonable but not impressive dividend return.
ABR's Dividend Yield is comparable with the industry average which is at 3.70.
ABR's Dividend Yield is comparable with the S&P500 average which is at 2.47.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
5.2 History
The dividend of ABR has a limited annual growth rate of 1.45%.
Dividend Growth(5Y)1.45%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
32.46% of the earnings are spent on dividend by ABR. This is a low number and sustainable payout ratio.
The dividend of ABR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP32.46%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
FRA:ABR (4/25/2025, 7:00:00 PM)
16.66
-0.23 (-1.34%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners62.18%
Inst Owner ChangeN/A
Ins Owners0.7%
Ins Owner ChangeN/A
Market Cap28.77B
Analysts80
Price Target23.79 (42.8%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
Yearly Dividend0.35
Dividend Growth(5Y)1.45%
DP32.46%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.13%
Min EPS beat(2)-4.73%
Max EPS beat(2)10.98%
EPS beat(4)3
Avg EPS beat(4)10.21%
Min EPS beat(4)-4.73%
Max EPS beat(4)19.5%
EPS beat(8)7
Avg EPS beat(8)16.14%
EPS beat(12)11
Avg EPS beat(12)14.25%
EPS beat(16)15
Avg EPS beat(16)12.71%
Revenue beat(2)1
Avg Revenue beat(2)-1.46%
Min Revenue beat(2)-7.09%
Max Revenue beat(2)4.17%
Revenue beat(4)1
Avg Revenue beat(4)-1.65%
Min Revenue beat(4)-7.09%
Max Revenue beat(4)4.17%
Revenue beat(8)2
Avg Revenue beat(8)-1.11%
Revenue beat(12)6
Avg Revenue beat(12)0.32%
Revenue beat(16)7
Avg Revenue beat(16)-0.06%
PT rev (1m)-29.47%
PT rev (3m)-32.18%
EPS NQ rev (1m)16.39%
EPS NQ rev (3m)-27.5%
EPS NY rev (1m)4.88%
EPS NY rev (3m)-7.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.87 | ||
| Fwd PE | 11.69 | ||
| P/S | 2.53 | ||
| P/FCF | 24.85 | ||
| P/OCF | 7.29 | ||
| P/B | 1.35 | ||
| P/tB | 1.56 | ||
| EV/EBITDA | 5.41 |
EPS(TTM)1.12
EY6.72%
EPS(NY)1.43
Fwd EY8.56%
FCF(TTM)0.67
FCFY4.02%
OCF(TTM)2.29
OCFY13.72%
SpS6.58
BVpS12.36
TBVpS10.71
PEG (NY)0.54
PEG (5Y)0.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.5% | ||
| ROE | 8.83% | ||
| ROCE | 9.65% | ||
| ROIC | 6.58% | ||
| ROICexc | 7.24% | ||
| ROICexgc | 7.86% | ||
| OM | 33.59% | ||
| PM (TTM) | 16.59% | ||
| GM | 38.39% | ||
| FCFM | 10.19% |
ROA(3y)2.74%
ROA(5y)3.51%
ROE(3y)5.39%
ROE(5y)6.92%
ROIC(3y)5.32%
ROIC(5y)5.94%
ROICexc(3y)5.89%
ROICexc(5y)6.64%
ROICexgc(3y)6.46%
ROICexgc(5y)7.43%
ROCE(3y)7.8%
ROCE(5y)8.7%
ROICexcg growth 3Y-3.04%
ROICexcg growth 5Y11.36%
ROICexc growth 3Y-1.4%
ROICexc growth 5Y12.6%
OM growth 3Y-2.73%
OM growth 5Y7.55%
PM growth 3Y-0.55%
PM growth 5Y-16.49%
GM growth 3Y-2.05%
GM growth 5Y5.86%
F-Score8
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 3.59 | ||
| Debt/EBITDA | 0.75 | ||
| Cap/Depr | 165.74% | ||
| Cap/Sales | 24.56% | ||
| Interest Coverage | 11.42 | ||
| Cash Conversion | 71.8% | ||
| Profit Quality | 61.43% | ||
| Current Ratio | 2.89 | ||
| Quick Ratio | 2.15 | ||
| Altman-Z | 1.4 |
F-Score8
WACC8.9%
ROIC/WACC0.74
Cap/Depr(3y)156.49%
Cap/Depr(5y)135.67%
Cap/Sales(3y)26.44%
Cap/Sales(5y)23.19%
Profit Quality(3y)70.74%
Profit Quality(5y)90.6%
High Growth Momentum
Growth
EPS 1Y (TTM)51.19%
EPS 3Y2.77%
EPS 5Y19.55%
EPS Q2Q%70.37%
EPS Next Y27.68%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
EPS Next 5Y8.03%
Revenue 1Y (TTM)13.38%
Revenue growth 3Y2.54%
Revenue growth 5Y5.87%
Sales Q2Q%19.16%
Revenue Next Year3.85%
Revenue Next 2Y4.44%
Revenue Next 3Y5.51%
Revenue Next 5Y2.49%
EBIT growth 1Y50.9%
EBIT growth 3Y-0.26%
EBIT growth 5Y13.86%
EBIT Next Year68.06%
EBIT Next 3Y24.48%
EBIT Next 5Y13.26%
FCF growth 1Y103.87%
FCF growth 3Y-12.16%
FCF growth 5Y3.07%
OCF growth 1Y20.34%
OCF growth 3Y0.85%
OCF growth 5Y9.65%