BARRICK GOLD CORP (ABX.CA)
CA0679011084 - Common Stock
Overall ABX gets a fundamental rating of 6 out of 10. We evaluated ABX against 835 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make ABX a good candidate for value investing.
1. Profitability
1.1 Basic Checks
In the past year ABX was profitable.
ABX had a positive operating cash flow in the past year.
Each year in the past 5 years ABX has been profitable.
Each year in the past 5 years ABX had a positive operating cash flow.
1.2 Ratios
ABX has a Return On Assets of 3.44%. This is amongst the best in the industry. ABX outperforms 90.14% of its industry peers.
ABX's Return On Equity of 6.83% is amongst the best of the industry. ABX outperforms 91.37% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.13%, ABX belongs to the top of the industry, outperforming 92.85% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ABX is below the industry average of 9.57%.
The 3 year average ROIC (5.09%) for ABX is below the current ROIC(5.13%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.44% | ||
| ROE | 6.83% | ||
| ROIC | 5.13% |
ROA(3y)2.68%
ROA(5y)4.39%
ROE(3y)5.27%
ROE(5y)8.86%
ROIC(3y)5.09%
ROIC(5y)5.1%
1.3 Margins
Looking at the Profit Margin, with a value of 13.19%, ABX belongs to the top of the industry, outperforming 94.82% of the companies in the same industry.
In the last couple of years the Profit Margin of ABX has declined.
The Operating Margin of ABX (28.36%) is better than 96.05% of its industry peers.
In the last couple of years the Operating Margin of ABX has grown nicely.
With an excellent Gross Margin value of 34.30%, ABX belongs to the best of the industry, outperforming 93.46% 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 | 28.36% | ||
| PM (TTM) | 13.19% | ||
| GM | 34.3% |
OM growth 3Y-11.5%
OM growth 5Y5.4%
PM growth 3Y-15.43%
PM growth 5YN/A
GM growth 3Y-9.57%
GM growth 5Y1.71%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ABX is destroying value.
The number of shares outstanding for ABX remains at a similar level compared to 1 year ago.
Compared to 5 years ago, ABX has more 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 1.15. This is a bad value and indicates that ABX is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ABX (1.15) is comparable to the rest of the industry.
The Debt to FCF ratio of ABX is 4.96, which is a neutral value as it means it would take ABX, 4.96 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 4.96, ABX belongs to the best of the industry, outperforming 91.62% of the companies in the same industry.
A Debt/Equity ratio of 0.20 indicates that ABX is not too dependend on debt financing.
ABX has a worse Debt to Equity ratio (0.20) than 72.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | 1.15 |
ROIC/WACC0.54
WACC9.51%
2.3 Liquidity
ABX has a Current Ratio of 2.65. This indicates that ABX is financially healthy and has no problem in meeting its short term obligations.
ABX has a Current ratio (2.65) which is in line with its industry peers.
ABX has a Quick Ratio of 2.06. This indicates that ABX is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.06, ABX is in line with its industry, outperforming 53.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.65 | ||
| Quick Ratio | 2.06 |
3. Growth
3.1 Past
ABX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 54.29%, which is quite impressive.
ABX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.47% yearly.
ABX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.02%.
Measured over the past years, ABX shows a quite strong growth in Revenue. The Revenue has been growing by 9.49% on average per year.
EPS 1Y (TTM)54.29%
EPS 3Y-9.94%
EPS 5Y18.47%
EPS Q2Q%25%
Revenue 1Y (TTM)11.02%
Revenue growth 3Y-3.28%
Revenue growth 5Y9.49%
Sales Q2Q%17.68%
3.2 Future
The Earnings Per Share is expected to grow by 5.56% on average over the next years.
The Revenue is expected to decrease by -0.97% on average over the next years.
EPS Next Y50.45%
EPS Next 2Y44.4%
EPS Next 3Y31.65%
EPS Next 5Y5.56%
Revenue Next Year15.57%
Revenue Next 2Y17.35%
Revenue Next 3Y12.23%
Revenue Next 5Y-0.97%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
Based on the Price/Earnings ratio of 14.46, the valuation of ABX can be described as correct.
91.74% of the companies in the same industry are more expensive than ABX, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.55. ABX is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 8.93 indicates a reasonable valuation of ABX.
Based on the Price/Forward Earnings ratio, ABX is valued cheaply inside the industry as 92.23% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of ABX to the average of the S&P500 Index (24.00), we can say ABX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.46 | ||
| Fwd PE | 8.93 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ABX indicates a rather cheap valuation: ABX is cheaper than 94.20% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ABX is valued cheaply inside the industry as 92.60% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.79 | ||
| EV/EBITDA | 5.08 |
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 ABX may justify a higher PE ratio.
ABX's earnings are expected to grow with 31.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.29
PEG (5Y)0.78
EPS Next 2Y44.4%
EPS Next 3Y31.65%
5. Dividend
5.1 Amount
ABX has a Yearly Dividend Yield of 2.48%.
Compared to an average industry Dividend Yield of 7.75, ABX pays a better dividend. On top of this ABX pays more dividend than 97.41% of the companies listed in the same industry.
ABX's Dividend Yield is comparable with the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
5.2 History
The dividend of ABX is nicely growing with an annual growth rate of 30.07%!
ABX has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of ABX decreased recently.
Dividend Growth(5Y)30.07%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
ABX pays out 43.02% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of ABX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP43.02%
EPS Next 2Y44.4%
EPS Next 3Y31.65%
BARRICK GOLD CORP
TSX:ABX (12/24/2024, 7:00:00 PM)
22.55
+0.16 (+0.71%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners62.36%
Inst Owner ChangeN/A
Ins Owners0.67%
Ins Owner ChangeN/A
Market Cap39.52B
Analysts81.11
Price Target35.04 (55.39%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
Dividend Growth(5Y)30.07%
DP43.02%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.18%
Min EPS beat(2)-4.73%
Max EPS beat(2)15.09%
EPS beat(4)3
Avg EPS beat(4)15.59%
Min EPS beat(4)-4.73%
Max EPS beat(4)32.52%
EPS beat(8)7
Avg EPS beat(8)16.68%
EPS beat(12)11
Avg EPS beat(12)14.61%
EPS beat(16)15
Avg EPS beat(16)12.74%
Revenue beat(2)0
Avg Revenue beat(2)-4.81%
Min Revenue beat(2)-7.09%
Max Revenue beat(2)-2.53%
Revenue beat(4)0
Avg Revenue beat(4)-2.85%
Min Revenue beat(4)-7.09%
Max Revenue beat(4)-0.62%
Revenue beat(8)2
Avg Revenue beat(8)-1.03%
Revenue beat(12)6
Avg Revenue beat(12)0.22%
Revenue beat(16)6
Avg Revenue beat(16)-0.38%
PT rev (1m)0.52%
PT rev (3m)4.95%
EPS NQ rev (1m)-0.19%
EPS NQ rev (3m)21.63%
EPS NY rev (1m)-1.69%
EPS NY rev (3m)1.09%
Revenue NQ rev (1m)-0.96%
Revenue NQ rev (3m)-0.96%
Revenue NY rev (1m)1.13%
Revenue NY rev (3m)2.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.46 | ||
| Fwd PE | 8.93 | ||
| P/S | 2.22 | ||
| P/FCF | 28.79 | ||
| P/OCF | 6.69 | ||
| P/B | 1.15 | ||
| P/tB | 1.36 | ||
| EV/EBITDA | 5.08 |
EPS(TTM)1.56
EY6.92%
EPS(NY)2.53
Fwd EY11.2%
FCF(TTM)0.78
FCFY3.47%
OCF(TTM)3.37
OCFY14.94%
SpS10.15
BVpS19.6
TBVpS16.54
PEG (NY)0.29
PEG (5Y)0.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.44% | ||
| ROE | 6.83% | ||
| ROCE | 7.89% | ||
| ROIC | 5.13% | ||
| ROICexc | 5.67% | ||
| ROICexgc | 6.25% | ||
| OM | 28.36% | ||
| PM (TTM) | 13.19% | ||
| GM | 34.3% | ||
| FCFM | 7.72% |
ROA(3y)2.68%
ROA(5y)4.39%
ROE(3y)5.27%
ROE(5y)8.86%
ROIC(3y)5.09%
ROIC(5y)5.1%
ROICexc(3y)5.7%
ROICexc(5y)5.71%
ROICexgc(3y)6.4%
ROICexgc(5y)6.46%
ROCE(3y)7.84%
ROCE(5y)7.85%
ROICexcg growth 3Y-15.56%
ROICexcg growth 5Y0.69%
ROICexc growth 3Y-14.56%
ROICexc growth 5Y0.2%
OM growth 3Y-11.5%
OM growth 5Y5.4%
PM growth 3Y-15.43%
PM growth 5YN/A
GM growth 3Y-9.57%
GM growth 5Y1.71%
F-Score8
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 4.96 | ||
| Debt/EBITDA | 0.86 | ||
| Cap/Depr | 157.59% | ||
| Cap/Sales | 25.49% | ||
| Interest Coverage | 10 | ||
| Cash Conversion | 74.55% | ||
| Profit Quality | 58.51% | ||
| Current Ratio | 2.65 | ||
| Quick Ratio | 2.06 | ||
| Altman-Z | 1.15 |
F-Score8
WACC9.51%
ROIC/WACC0.54
Cap/Depr(3y)139.86%
Cap/Depr(5y)119.26%
Cap/Sales(3y)25.03%
Cap/Sales(5y)21.78%
Profit Quality(3y)82.29%
Profit Quality(5y)84.02%
High Growth Momentum
Growth
EPS 1Y (TTM)54.29%
EPS 3Y-9.94%
EPS 5Y18.47%
EPS Q2Q%25%
EPS Next Y50.45%
EPS Next 2Y44.4%
EPS Next 3Y31.65%
EPS Next 5Y5.56%
Revenue 1Y (TTM)11.02%
Revenue growth 3Y-3.28%
Revenue growth 5Y9.49%
Sales Q2Q%17.68%
Revenue Next Year15.57%
Revenue Next 2Y17.35%
Revenue Next 3Y12.23%
Revenue Next 5Y-0.97%
EBIT growth 1Y36.57%
EBIT growth 3Y-14.4%
EBIT growth 5Y15.4%
EBIT Next Year106.26%
EBIT Next 3Y40.74%
EBIT Next 5Y11.39%
FCF growth 1Y-23.6%
FCF growth 3Y-42.3%
FCF growth 5Y12.1%
OCF growth 1Y0.56%
OCF growth 3Y-11.68%
OCF growth 5Y16.16%