BARRICK MINING CORP (ABX.CA) Stock Fundamental Analysis
TSX:ABX - Toronto Stock Exchange - CA06849F1080 - Common Stock - Currency: CAD
Overall ABX gets a fundamental rating of 7 out of 10. We evaluated ABX against 810 industry peers in the Metals & Mining industry. While ABX belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. ABX may be a bit undervalued, certainly considering the very reasonable score on growth With these ratings, ABX could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
ABX had positive earnings in the past year.
ABX had a positive operating cash flow in the past year.
In the past 5 years ABX has always been profitable.
In the past 5 years ABX always reported a positive cash flow from operatings.
1.2 Ratios
ABX has a better Return On Assets (4.83%) than 89.26% of its industry peers.
ABX has a Return On Equity of 9.50%. This is amongst the best in the industry. ABX outperforms 91.60% of its industry peers.
ABX's Return On Invested Capital of 7.34% is amongst the best of the industry. ABX outperforms 93.09% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ABX is significantly below the industry average of 12.36%.
The 3 year average ROIC (5.32%) for ABX is below the current ROIC(7.34%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.83% | ||
| ROE | 9.5% | ||
| ROIC | 7.34% |
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
ABX has a better Profit Margin (17.46%) than 94.20% of its industry peers.
ABX's Profit Margin has declined in the last couple of years.
ABX has a Operating Margin of 36.66%. This is amongst the best in the industry. ABX outperforms 96.05% of its industry peers.
ABX's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 41.30%, ABX belongs to the top of the industry, outperforming 93.83% of the companies in the same industry.
In the last couple of years the Gross Margin of ABX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.66% | ||
| PM (TTM) | 17.46% | ||
| GM | 41.3% |
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), ABX is destroying value.
Compared to 1 year ago, ABX has less shares outstanding
Compared to 5 years ago, ABX has less shares outstanding
Compared to 1 year ago, ABX has an improved debt to assets ratio.
2.2 Solvency
ABX has an Altman-Z score of 1.54. This is a bad value and indicates that ABX is not financially healthy and even has some risk of bankruptcy.
ABX's Altman-Z score of 1.54 is in line compared to the rest of the industry. ABX outperforms 52.59% of its industry peers.
The Debt to FCF ratio of ABX is 2.85, which is a good value as it means it would take ABX, 2.85 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of ABX (2.85) is better than 92.59% of its industry peers.
A Debt/Equity ratio of 0.19 indicates that ABX is not too dependend on debt financing.
The Debt to Equity ratio of ABX (0.19) is worse than 67.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 2.85 | ||
| Altman-Z | 1.54 |
ROIC/WACC0.86
WACC8.57%
2.3 Liquidity
A Current Ratio of 2.87 indicates that ABX has no problem at all paying its short term obligations.
With a decent Current ratio value of 2.87, ABX is doing good in the industry, outperforming 62.59% of the companies in the same industry.
A Quick Ratio of 2.16 indicates that ABX has no problem at all paying its short term obligations.
The Quick ratio of ABX (2.16) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.87 | ||
| Quick Ratio | 2.16 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 60.67% over the past year.
Measured over the past years, ABX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.55% on average per year.
Looking at the last year, ABX shows a quite strong growth in Revenue. The Revenue has grown by 15.69% in the last year.
Measured over the past years, ABX shows a small growth in Revenue. The Revenue has been growing by 5.87% on average per year.
EPS 1Y (TTM)60.67%
EPS 3Y2.77%
EPS 5Y19.55%
EPS Q2Q%84.21%
Revenue 1Y (TTM)15.69%
Revenue growth 3Y2.54%
Revenue growth 5Y5.87%
Sales Q2Q%13.94%
3.2 Future
Based on estimates for the next years, ABX will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.93% on average per year.
ABX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.67% yearly.
EPS Next Y27.68%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
EPS Next 5Y12.93%
Revenue Next Year12.94%
Revenue Next 2Y11%
Revenue Next 3Y8.86%
Revenue Next 5Y4.67%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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 15.04, ABX is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of ABX indicates a rather cheap valuation: ABX is cheaper than 91.98% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of ABX to the average of the S&P500 Index (27.45), we can say ABX is valued slightly cheaper.
A Price/Forward Earnings ratio of 11.47 indicates a reasonable valuation of ABX.
Based on the Price/Forward Earnings ratio, ABX is valued cheaply inside the industry as 90.74% of the companies are valued more expensively.
ABX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.04 | ||
| Fwd PE | 11.47 |
4.2 Price Multiples
95.19% of the companies in the same industry are more expensive than ABX, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ABX is valued cheaper than 93.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.33 | ||
| EV/EBITDA | 5.6 |
4.3 Compensation for Growth
ABX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ABX has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as ABX's earnings are expected to grow with 14.50% in the coming years.
PEG (NY)0.54
PEG (5Y)0.77
EPS Next 2Y21.39%
EPS Next 3Y14.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.86%, ABX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 13.23, ABX pays a better dividend. On top of this ABX pays more dividend than 97.53% of the companies listed in the same industry.
Compared to the average S&P500 Dividend Yield of 2.38, ABX is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.86% |
5.2 History
The dividend of ABX has a limited annual growth rate of 1.44%.
ABX has paid a dividend for at least 10 years, which is a reliable track record.
ABX has decreased its dividend recently.
Dividend Growth(5Y)1.44%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
29.83% of the earnings are spent on dividend by ABX. This is a low number and sustainable payout ratio.
The dividend of ABX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP29.83%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
TSX:ABX (7/4/2025, 7:00:00 PM)
29.18
+0.04 (+0.14%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners61.61%
Inst Owner ChangeN/A
Ins Owners0.75%
Ins Owner ChangeN/A
Market Cap50.40B
Analysts78.75
Price Target37.82 (29.61%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.86% |
Yearly Dividend0.54
Dividend Growth(5Y)1.44%
DP29.83%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.82%
Min EPS beat(2)10.98%
Max EPS beat(2)22.67%
EPS beat(4)3
Avg EPS beat(4)11%
Min EPS beat(4)-4.73%
Max EPS beat(4)22.67%
EPS beat(8)7
Avg EPS beat(8)15.69%
EPS beat(12)11
Avg EPS beat(12)15.63%
EPS beat(16)15
Avg EPS beat(16)13.78%
Revenue beat(2)1
Avg Revenue beat(2)-3.74%
Min Revenue beat(2)-11.66%
Max Revenue beat(2)4.17%
Revenue beat(4)1
Avg Revenue beat(4)-4.28%
Min Revenue beat(4)-11.66%
Max Revenue beat(4)4.17%
Revenue beat(8)1
Avg Revenue beat(8)-3.15%
Revenue beat(12)5
Avg Revenue beat(12)-0.81%
Revenue beat(16)7
Avg Revenue beat(16)-0.62%
PT rev (1m)1.39%
PT rev (3m)54.18%
EPS NQ rev (1m)0.85%
EPS NQ rev (3m)29.44%
EPS NY rev (1m)0%
EPS NY rev (3m)9.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)8.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.04 | ||
| Fwd PE | 11.47 | ||
| P/S | 2.79 | ||
| P/FCF | 22.33 | ||
| P/OCF | 7.5 | ||
| P/B | 1.52 | ||
| P/tB | 1.75 | ||
| EV/EBITDA | 5.6 |
EPS(TTM)1.94
EY6.65%
EPS(NY)2.54
Fwd EY8.72%
FCF(TTM)1.31
FCFY4.48%
OCF(TTM)3.89
OCFY13.33%
SpS10.47
BVpS19.24
TBVpS16.69
PEG (NY)0.54
PEG (5Y)0.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.83% | ||
| ROE | 9.5% | ||
| ROCE | 10.76% | ||
| ROIC | 7.34% | ||
| ROICexc | 8.07% | ||
| ROICexgc | 8.75% | ||
| OM | 36.66% | ||
| PM (TTM) | 17.46% | ||
| GM | 41.3% | ||
| FCFM | 12.48% |
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-Score7
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 2.85 | ||
| Debt/EBITDA | 0.7 | ||
| Cap/Depr | 177.27% | ||
| Cap/Sales | 24.67% | ||
| Interest Coverage | 12.9 | ||
| Cash Conversion | 73.45% | ||
| Profit Quality | 71.46% | ||
| Current Ratio | 2.87 | ||
| Quick Ratio | 2.16 | ||
| Altman-Z | 1.54 |
F-Score7
WACC8.57%
ROIC/WACC0.86
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)60.67%
EPS 3Y2.77%
EPS 5Y19.55%
EPS Q2Q%84.21%
EPS Next Y27.68%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
EPS Next 5Y12.93%
Revenue 1Y (TTM)15.69%
Revenue growth 3Y2.54%
Revenue growth 5Y5.87%
Sales Q2Q%13.94%
Revenue Next Year12.94%
Revenue Next 2Y11%
Revenue Next 3Y8.86%
Revenue Next 5Y4.67%
EBIT growth 1Y61.74%
EBIT growth 3Y-0.26%
EBIT growth 5Y13.86%
EBIT Next Year85.54%
EBIT Next 3Y30.25%
EBIT Next 5Y18.1%
FCF growth 1Y1207.09%
FCF growth 3Y-12.16%
FCF growth 5Y3.07%
OCF growth 1Y51.95%
OCF growth 3Y0.85%
OCF growth 5Y9.65%