BARRICK GOLD CORP (GOLD) Stock Fundamental Analysis
USA - NYSE:GOLD - CA0679011084 - Common Stock
18.86 USD
+18.86 (+Infinity%)
18.82 USD
-0.04 (-0.21%)
Overall GOLD gets a fundamental rating of 7 out of 10. We evaluated GOLD against 154 industry peers in the Metals & Mining industry. While GOLD belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. GOLD may be a bit undervalued, certainly considering the very reasonable score on growth This makes GOLD very considerable for value investing!
1. Profitability
1.1 Basic Checks
In the past year GOLD was profitable.
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's Return On Assets of 4.83% is fine compared to the rest of the industry. GOLD outperforms 72.90% of its industry peers.
Looking at the Return On Equity, with a value of 9.50%, GOLD is in the better half of the industry, outperforming 73.55% of the companies in the same industry.
GOLD has a better Return On Invested Capital (7.34%) than 70.97% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GOLD is significantly below the industry average of 12.60%.
The last Return On Invested Capital (7.34%) for GOLD is above the 3 year average (5.32%), which is a sign of increasing profitability.
| 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
GOLD's Profit Margin of 17.46% is amongst the best of the industry. GOLD outperforms 86.45% of its industry peers.
GOLD's Profit Margin has declined in the last couple of years.
GOLD has a better Operating Margin (36.66%) than 91.61% of its industry peers.
In the last couple of years the Operating Margin of GOLD has grown nicely.
GOLD has a Gross Margin of 41.30%. This is amongst the best in the industry. GOLD outperforms 81.94% of its industry peers.
In the last couple of years the Gross Margin of GOLD 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), GOLD is destroying value.
The number of shares outstanding for GOLD has been reduced compared to 1 year ago.
The number of shares outstanding for GOLD has been reduced compared to 5 years ago.
The debt/assets ratio for GOLD has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.42, we must say that GOLD is in the distress zone and has some risk of bankruptcy.
GOLD has a Altman-Z score of 1.42. This is in the lower half of the industry: GOLD underperforms 64.52% of its industry peers.
GOLD has a debt to FCF ratio of 2.85. This is a good value and a sign of high solvency as GOLD would need 2.85 years to pay back of all of its debts.
GOLD's Debt to FCF ratio of 2.85 is fine compared to the rest of the industry. GOLD outperforms 74.19% 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 | 2.85 | ||
| Altman-Z | 1.42 |
ROIC/WACC0.85
WACC8.6%
2.3 Liquidity
GOLD has a Current Ratio of 2.87. This indicates that GOLD is financially healthy and has no problem in meeting its short term obligations.
GOLD has a Current ratio of 2.87. This is in the better half of the industry: GOLD outperforms 64.52% of its industry peers.
A Quick Ratio of 2.16 indicates that GOLD has no problem at all paying its short term obligations.
GOLD has a Quick ratio of 2.16. This is in the better half of the industry: GOLD outperforms 64.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.87 | ||
| Quick Ratio | 2.16 |
3. Growth
3.1 Past
GOLD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 60.67%, which is quite impressive.
The Earnings Per Share has been growing by 19.55% on average over the past years. This is quite good.
The Revenue has grown by 15.69% in the past year. This is quite good.
Measured over the past years, GOLD 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
GOLD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.03% yearly.
Based on estimates for the next years, GOLD will show a small growth in Revenue. The Revenue will grow by 2.49% on average per year.
EPS Next Y27.68%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
EPS Next 5Y8.03%
Revenue Next Year12.94%
Revenue Next 2Y11%
Revenue Next 3Y8.86%
Revenue Next 5Y2.49%
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
GOLD is valuated correctly with a Price/Earnings ratio of 13.19.
Based on the Price/Earnings ratio, GOLD is valued cheaply inside the industry as 85.81% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.06, GOLD is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 10.08, the valuation of GOLD can be described as reasonable.
GOLD's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. GOLD is cheaper than 76.77% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of GOLD to the average of the S&P500 Index (32.73), we can say GOLD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.19 | ||
| Fwd PE | 10.08 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GOLD is valued cheaper than 89.03% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, GOLD is valued a bit cheaper than 79.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.62 | ||
| EV/EBITDA | 4.93 |
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.
GOLD has an outstanding profitability rating, which 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)0.48
PEG (5Y)0.67
EPS Next 2Y21.39%
EPS Next 3Y14.5%
5. Dividend
5.1 Amount
GOLD has a Yearly Dividend Yield of 2.17%. Purely for dividend investing, there may be better candidates out there.
GOLD's Dividend Yield is rather good when compared to the industry average which is at 2.64. GOLD pays more dividend than 80.65% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, GOLD has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
5.2 History
The dividend of GOLD has a limited annual growth rate of 1.44%.
GOLD has been paying a dividend for at least 10 years, so it has a reliable track record.
GOLD 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 GOLD. This is a low number and sustainable payout ratio.
The dividend of GOLD is growing, but earnings are growing more, so the dividend growth is sustainable.
DP29.83%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
18.86
+18.86 (+Infinity%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners62.18%
Inst Owner Change-67.4%
Ins Owners0.7%
Ins Owner ChangeN/A
Market Cap32.57B
Revenue(TTM)13.30B
Net Income(TTM)2.32B
Analysts81.25
Price Target26.99 (43.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
Yearly Dividend0.4
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)58.15%
PT rev (3m)16.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.09%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)8.75%
Revenue NY rev (3m)-2.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.19 | ||
| Fwd PE | 10.08 | ||
| P/S | 2.45 | ||
| P/FCF | 19.62 | ||
| P/OCF | 6.59 | ||
| P/B | 1.33 | ||
| P/tB | 1.54 | ||
| EV/EBITDA | 4.93 |
EPS(TTM)1.43
EY7.58%
EPS(NY)1.87
Fwd EY9.92%
FCF(TTM)0.96
FCFY5.1%
OCF(TTM)2.86
OCFY15.18%
SpS7.7
BVpS14.16
TBVpS12.28
PEG (NY)0.48
PEG (5Y)0.67
Graham NumberN/A
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%
ROICexgc growth 3Y-3.04%
ROICexgc 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 | 1.42 |
F-Score7
WACC8.6%
ROIC/WACC0.85
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 5Y8.03%
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 5Y2.49%
EBIT growth 1Y61.74%
EBIT growth 3Y-0.26%
EBIT growth 5Y13.86%
EBIT Next Year68.06%
EBIT Next 3Y24.48%
EBIT Next 5Y13.26%
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%
BARRICK GOLD CORP / GOLD FAQ
Can you provide the ChartMill fundamental rating for BARRICK GOLD CORP?
ChartMill assigns a fundamental rating of 7 / 10 to GOLD.
Can you provide the valuation status for BARRICK GOLD CORP?
ChartMill assigns a valuation rating of 8 / 10 to BARRICK GOLD CORP (GOLD). This can be considered as Undervalued.
What is the profitability of GOLD stock?
BARRICK GOLD CORP (GOLD) has a profitability rating of 8 / 10.
What are the PE and PB ratios of BARRICK GOLD CORP (GOLD) stock?
The Price/Earnings (PE) ratio for BARRICK GOLD CORP (GOLD) is 13.19 and the Price/Book (PB) ratio is 1.33.
What is the earnings growth outlook for BARRICK GOLD CORP?
The Earnings per Share (EPS) of BARRICK GOLD CORP (GOLD) is expected to grow by 27.68% in the next year.