BARRICK GOLD CORP (GOLD) Stock Fundamental Analysis
NYSE:GOLD - New York Stock Exchange, Inc. - CA0679011084 - Common Stock - Currency: USD
GOLD gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 152 industry peers in the Metals & Mining industry. GOLD has an excellent profitability rating, but there are some minor concerns on its financial health. GOLD is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings would make GOLD suitable for value investing!
1. Profitability
1.1 Basic Checks
GOLD had positive earnings in the past year.
GOLD had a positive operating cash flow in the past year.
GOLD had positive earnings in each of the past 5 years.
Each year in the past 5 years GOLD had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 4.50%, GOLD is doing good in the industry, outperforming 72.37% of the companies in the same industry.
GOLD has a better Return On Equity (8.83%) than 74.34% of its industry peers.
GOLD's Return On Invested Capital of 6.58% is fine compared to the rest of the industry. GOLD outperforms 69.08% of its industry peers.
GOLD had an Average Return On Invested Capital over the past 3 years of 5.32%. This is below the industry average of 8.61%.
The 3 year average ROIC (5.32%) for GOLD 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
Looking at the Profit Margin, with a value of 16.59%, GOLD belongs to the top of the industry, outperforming 86.18% of the companies in the same industry.
In the last couple of years the Profit Margin of GOLD has declined.
Looking at the Operating Margin, with a value of 33.59%, GOLD belongs to the top of the industry, outperforming 91.45% of the companies in the same industry.
GOLD's Operating Margin has improved in the last couple of years.
GOLD has a Gross Margin of 38.39%. This is amongst the best in the industry. GOLD outperforms 80.92% of its industry peers.
In the last couple of years the Gross Margin of GOLD 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 GOLD is destroying value.
Compared to 1 year ago, GOLD has less shares outstanding
The number of shares outstanding for GOLD has been reduced compared to 5 years ago.
GOLD has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.39, we must say that GOLD is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of GOLD (1.39) is worse than 63.82% of its industry peers.
The Debt to FCF ratio of GOLD is 3.59, which is a good value as it means it would take GOLD, 3.59 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of GOLD (3.59) is better than 71.71% of its industry peers.
A Debt/Equity ratio of 0.19 indicates that GOLD is not too dependend on debt financing.
GOLD has a Debt to Equity ratio (0.19) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 3.59 | ||
| Altman-Z | 1.39 |
ROIC/WACC0.74
WACC8.89%
2.3 Liquidity
A Current Ratio of 2.89 indicates that GOLD has no problem at all paying its short term obligations.
GOLD has a better Current ratio (2.89) than 67.11% of its industry peers.
A Quick Ratio of 2.15 indicates that GOLD has no problem at all paying its short term obligations.
GOLD has a better Quick ratio (2.15) than 65.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.89 | ||
| Quick Ratio | 2.15 |
3. Growth
3.1 Past
GOLD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 51.19%, which is quite impressive.
GOLD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.55% yearly.
The Revenue has grown by 13.38% in the past year. This is quite good.
The Revenue has been growing slightly by 5.87% on average over the past years.
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
The Earnings Per Share is expected to grow by 8.03% on average over the next years. This is quite good.
The Revenue is expected to grow by 2.49% on average over the next years.
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
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
With a Price/Earnings ratio of 15.18, GOLD is valued correctly.
GOLD's Price/Earnings ratio is rather cheap when compared to the industry. GOLD is cheaper than 84.21% of the companies in the same industry.
When comparing the Price/Earnings ratio of GOLD to the average of the S&P500 Index (28.64), we can say GOLD is valued slightly cheaper.
GOLD is valuated reasonably with a Price/Forward Earnings ratio of 11.89.
Based on the Price/Forward Earnings ratio, GOLD is valued a bit cheaper than 79.61% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.44. GOLD is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.18 | ||
| Fwd PE | 11.89 |
4.2 Price Multiples
GOLD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. GOLD is cheaper than 86.84% of the companies in the same industry.
71.71% of the companies in the same industry are more expensive than GOLD, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.28 | ||
| EV/EBITDA | 5.37 |
4.3 Compensation for Growth
GOLD'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 GOLD may justify a higher PE ratio.
A more expensive valuation may be justified as GOLD's earnings are expected to grow with 14.50% in the coming years.
PEG (NY)0.55
PEG (5Y)0.78
EPS Next 2Y21.39%
EPS Next 3Y14.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.94%, GOLD has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.99, GOLD pays a bit more dividend than its industry peers.
Compared to the average S&P500 Dividend Yield of 2.52, GOLD is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.94% |
5.2 History
The dividend of GOLD has a limited annual growth rate of 1.45%.
GOLD has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of GOLD decreased recently.
Dividend Growth(5Y)1.45%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
GOLD pays out 32.46% of its income as dividend. This is a sustainable payout ratio.
The dividend of GOLD is growing, but earnings are growing more, so the dividend growth is sustainable.
DP32.46%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
NYSE:GOLD (4/24/2025, 12:31:04 PM)
19.28
+0.22 (+1.15%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners62.18%
Inst Owner Change-0.05%
Ins Owners0.7%
Ins Owner ChangeN/A
Market Cap33.30B
Analysts80
Price Target17.07 (-11.46%)
Short Float %0.94%
Short Ratio0.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.94% |
Yearly Dividend0.4
Dividend Growth(5Y)1.45%
DP32.46%
Div Incr Years0
Div Non Decr Years1
Ex-Date
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)-27.4%
PT rev (3m)-29.06%
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 | 15.18 | ||
| Fwd PE | 11.89 | ||
| P/S | 2.58 | ||
| P/FCF | 25.28 | ||
| P/OCF | 7.41 | ||
| P/B | 1.37 | ||
| P/tB | 1.58 | ||
| EV/EBITDA | 5.37 |
EPS(TTM)1.27
EY6.59%
EPS(NY)1.62
Fwd EY8.41%
FCF(TTM)0.76
FCFY3.96%
OCF(TTM)2.6
OCFY13.49%
SpS7.48
BVpS14.06
TBVpS12.19
PEG (NY)0.55
PEG (5Y)0.78
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 | 1.39 |
F-Score8
WACC8.89%
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%