BARRICK GOLD CORP (ABR.DE) Stock Fundamental Analysis
FRA:ABR - Deutsche Boerse Ag - CA0679011084 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to ABR. ABR was compared to 40 industry peers in the Metals & Mining industry. ABR has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ABR has a bad growth rate and is valued cheaply. These ratings would make ABR suitable for value investing!
1. Profitability
1.1 Basic Checks
In the past year ABR was profitable.
In the past year ABR had a positive cash flow from operations.
ABR had positive earnings in each of the past 5 years.
ABR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ABR has a Return On Assets of 4.50%. This is in the better half of the industry: ABR outperforms 72.97% of its industry peers.
With a decent Return On Equity value of 8.83%, ABR is doing good in the industry, outperforming 75.68% of the companies in the same industry.
The Return On Invested Capital of ABR (6.58%) is better than 72.97% of its industry peers.
ABR had an Average Return On Invested Capital over the past 3 years of 5.32%. This is in line with the industry average of 6.04%.
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
ABR's Profit Margin of 16.59% is amongst the best of the industry. ABR outperforms 81.08% of its industry peers.
In the last couple of years the Profit Margin of ABR has declined.
Looking at the Operating Margin, with a value of 33.59%, ABR belongs to the top of the industry, outperforming 97.30% of the companies in the same industry.
In the last couple of years the Operating Margin of ABR has grown nicely.
ABR's Gross Margin of 38.39% is fine compared to the rest of the industry. ABR outperforms 70.27% of its industry peers.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ABR is destroying value.
The number of shares outstanding for ABR has been reduced compared to 1 year ago.
ABR has less shares outstanding than it did 5 years ago.
The debt/assets ratio for ABR has been reduced compared to a year ago.
2.2 Solvency
ABR has an Altman-Z score of 1.36. This is a bad value and indicates that ABR is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.36, ABR is not doing good in the industry: 64.86% of the companies in the same industry are doing better.
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.
With a decent Debt to FCF ratio value of 3.59, ABR is doing good in the industry, outperforming 78.38% of the companies in the same industry.
ABR has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.19, ABR is doing good in the industry, outperforming 67.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 3.59 | ||
| Altman-Z | 1.36 |
ROIC/WACC0.7
WACC9.35%
2.3 Liquidity
ABR has a Current Ratio of 2.89. This indicates that ABR is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of ABR (2.89) is better than 86.49% of its industry peers.
A Quick Ratio of 2.15 indicates that ABR has no problem at all paying its short term obligations.
The Quick ratio of ABR (2.15) is better than 83.78% 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.
The Earnings Per Share has been growing by 19.55% on average over the past years. This is quite good.
Looking at the last year, ABR shows a quite strong growth in Revenue. The Revenue has grown by 13.38% in the last year.
Measured over the past years, ABR shows a small growth in Revenue. The Revenue has been growing by 5.87% on average per year.
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 a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.21% yearly.
Based on estimates for the next years, ABR will show a decrease in Revenue. The Revenue will decrease by -4.58% on average per year.
EPS Next Y21.74%
EPS Next 2Y13.36%
EPS Next 3Y12.23%
EPS Next 5Y-2.21%
Revenue Next Year3.85%
Revenue Next 2Y4.44%
Revenue Next 3Y5.51%
Revenue Next 5Y-4.58%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 14.56, which indicates a correct valuation of ABR.
Compared to the rest of the industry, the Price/Earnings ratio of ABR indicates a somewhat cheap valuation: ABR is cheaper than 72.97% of the companies listed in the same industry.
ABR is valuated cheaply when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 11.96, the valuation of ABR can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ABR is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, ABR is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.56 | ||
| Fwd PE | 11.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ABR is valued a bit cheaper than 72.97% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ABR indicates a somewhat cheap valuation: ABR is cheaper than 62.16% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.26 | ||
| EV/EBITDA | 5.21 |
4.3 Compensation for Growth
ABR's 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 12.23% in the coming years.
PEG (NY)0.67
PEG (5Y)0.74
EPS Next 2Y13.36%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
ABR has a Yearly Dividend Yield of 2.06%.
ABR's Dividend Yield is comparable with the industry average which is at 3.52.
ABR's Dividend Yield is comparable with the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.06% |
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.
DP32.46%
EPS Next 2Y13.36%
EPS Next 3Y12.23%
FRA:ABR (3/7/2025, 7:00:00 PM)
17.038
-0.27 (-1.54%)
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 Cap29.43B
Analysts80
Price Target22.37 (31.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.06% |
Yearly Dividend0.37
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)3.51%
Min EPS beat(2)-4.73%
Max EPS beat(2)11.75%
EPS beat(4)3
Avg EPS beat(4)10.4%
Min EPS beat(4)-4.73%
Max EPS beat(4)19.5%
EPS beat(8)7
Avg EPS beat(8)16.23%
EPS beat(12)11
Avg EPS beat(12)14.32%
EPS beat(16)15
Avg EPS beat(16)12.76%
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)3.43%
PT rev (3m)-5.62%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.36%
EPS NY rev (1m)-6.37%
EPS NY rev (3m)-11.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-10.43%
Revenue NY rev (3m)-13.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.56 | ||
| Fwd PE | 11.96 | ||
| P/S | 2.47 | ||
| P/FCF | 24.26 | ||
| P/OCF | 7.11 | ||
| P/B | 1.32 | ||
| P/tB | 1.52 | ||
| EV/EBITDA | 5.21 |
EPS(TTM)1.17
EY6.87%
EPS(NY)1.42
Fwd EY8.36%
FCF(TTM)0.7
FCFY4.12%
OCF(TTM)2.4
OCFY14.06%
SpS6.89
BVpS12.95
TBVpS11.22
PEG (NY)0.67
PEG (5Y)0.74
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 | 1.36 |
F-Score8
WACC9.35%
ROIC/WACC0.7
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 Y21.74%
EPS Next 2Y13.36%
EPS Next 3Y12.23%
EPS Next 5Y-2.21%
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 5Y-4.58%
EBIT growth 1Y50.9%
EBIT growth 3Y-0.26%
EBIT growth 5Y13.86%
EBIT Next Year92.59%
EBIT Next 3Y27.08%
EBIT Next 5Y4.7%
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%