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! With these ratings, GOLD could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
GOLD had positive earnings in the past year.
In the past year GOLD had a positive cash flow from operations.
Each year in the past 5 years GOLD has been profitable.
In the past 5 years GOLD always reported a positive cash flow from operatings.
1.2 Ratios
GOLD has a better Return On Assets (3.44%) than 70.34% of its industry peers.
GOLD has a better Return On Equity (6.83%) than 71.03% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.13%, GOLD is in the better half of the industry, outperforming 64.83% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for GOLD is below the industry average of 8.75%.
The 3 year average ROIC (5.09%) for GOLD 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
GOLD's Profit Margin of 13.19% is amongst the best of the industry. GOLD outperforms 84.14% of its industry peers.
GOLD's Profit Margin has declined in the last couple of years.
The Operating Margin of GOLD (28.36%) is better than 87.59% of its industry peers.
GOLD's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 34.30%, GOLD is in the better half of the industry, outperforming 75.86% of the companies in the same industry.
GOLD's Gross Margin has improved in the last couple of years.
| 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
GOLD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, GOLD has about the same amount of shares outstanding.
Compared to 5 years ago, GOLD has more shares outstanding
Compared to 1 year ago, GOLD has an improved debt to assets ratio.
2.2 Solvency
GOLD has an Altman-Z score of 1.19. This is a bad value and indicates that GOLD is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.19, GOLD is not doing good in the industry: 71.03% of the companies in the same industry are doing better.
The Debt to FCF ratio of GOLD is 4.96, which is a neutral value as it means it would take GOLD, 4.96 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of GOLD (4.96) is better than 67.59% of its industry peers.
GOLD has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of GOLD (0.20) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | 1.19 |
ROIC/WACC0.55
WACC9.33%
2.3 Liquidity
GOLD has a Current Ratio of 2.65. This indicates that GOLD is financially healthy and has no problem in meeting its short term obligations.
GOLD's Current ratio of 2.65 is in line compared to the rest of the industry. GOLD outperforms 58.62% of its industry peers.
GOLD has a Quick Ratio of 2.06. This indicates that GOLD is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of GOLD (2.06) is better than 64.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.65 | ||
| Quick Ratio | 2.06 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 54.29% over the past year.
The Earnings Per Share has been growing by 18.47% on average over the past years. This is quite good.
Looking at the last year, GOLD shows a quite strong growth in Revenue. The Revenue has grown by 11.02% in the last year.
The Revenue has been growing by 9.49% on average over the past years. This is quite good.
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 15.03% on average over the next years. This is quite good.
Based on estimates for the next years, GOLD will show a small growth in Revenue. The Revenue will grow by 3.94% on average per year.
EPS Next Y50.45%
EPS Next 2Y44.4%
EPS Next 3Y31.65%
EPS Next 5Y15.03%
Revenue Next Year15.33%
Revenue Next 2Y15.4%
Revenue Next 3Y10.77%
Revenue Next 5Y3.94%
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 stable.
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
GOLD is valuated correctly with a Price/Earnings ratio of 15.16.
Compared to the rest of the industry, the Price/Earnings ratio of GOLD indicates a somewhat cheap valuation: GOLD is cheaper than 77.24% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.46, GOLD is valued a bit cheaper.
The Price/Forward Earnings ratio is 9.35, which indicates a very decent valuation of GOLD.
80.00% of the companies in the same industry are more expensive than GOLD, based on the Price/Forward Earnings ratio.
GOLD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 92.56.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.16 | ||
| Fwd PE | 9.35 |
4.2 Price Multiples
GOLD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. GOLD is cheaper than 84.14% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, GOLD is valued a bit cheaper than 68.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.14 | ||
| EV/EBITDA | 5.38 |
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 decent 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 31.65% in the coming years.
PEG (NY)0.3
PEG (5Y)0.82
EPS Next 2Y44.4%
EPS Next 3Y31.65%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.39%, GOLD has a reasonable but not impressive dividend return.
GOLD's Dividend Yield is rather good when compared to the industry average which is at 3.17. GOLD pays more dividend than 83.45% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, GOLD has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.39% |
5.2 History
The dividend of GOLD is nicely growing with an annual growth rate of 30.07%!
GOLD has paid a dividend for at least 10 years, which is a reliable track record.
GOLD has decreased its dividend recently.
Dividend Growth(5Y)30.07%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
GOLD pays out 43.02% of its income as dividend. This is a bit on the high side, but may be sustainable.
GOLD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP43.02%
EPS Next 2Y44.4%
EPS Next 3Y31.65%
BARRICK GOLD CORP
NYSE:GOLD (1/31/2025, 8:04:00 PM)
After market: 16.4001 +0.03 (+0.18%)16.37
-0.2 (-1.21%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners62.36%
Inst Owner Change-1.03%
Ins Owners0.67%
Ins Owner ChangeN/A
Market Cap28.69B
Analysts81.11
Price Target24.06 (46.98%)
Short Float %0.83%
Short Ratio0.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.39% |
Yearly Dividend0.4
Dividend Growth(5Y)30.07%
DP43.02%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
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)-3.74%
PT rev (3m)-3.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)21.63%
EPS NY rev (1m)0%
EPS NY rev (3m)1.09%
Revenue NQ rev (1m)-0.96%
Revenue NQ rev (3m)-0.96%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.16 | ||
| Fwd PE | 9.35 | ||
| P/S | 2.33 | ||
| P/FCF | 30.14 | ||
| P/OCF | 7 | ||
| P/B | 1.2 | ||
| P/tB | 1.43 | ||
| EV/EBITDA | 5.38 |
EPS(TTM)1.08
EY6.6%
EPS(NY)1.75
Fwd EY10.7%
FCF(TTM)0.54
FCFY3.32%
OCF(TTM)2.34
OCFY14.28%
SpS7.04
BVpS13.6
TBVpS11.47
PEG (NY)0.3
PEG (5Y)0.82
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 | 1.19 |
F-Score8
WACC9.33%
ROIC/WACC0.55
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 5Y15.03%
Revenue 1Y (TTM)11.02%
Revenue growth 3Y-3.28%
Revenue growth 5Y9.49%
Sales Q2Q%17.68%
Revenue Next Year15.33%
Revenue Next 2Y15.4%
Revenue Next 3Y10.77%
Revenue Next 5Y3.94%
EBIT growth 1Y36.57%
EBIT growth 3Y-14.4%
EBIT growth 5Y15.4%
EBIT Next Year106.26%
EBIT Next 3Y40.74%
EBIT Next 5Y11.91%
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%