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%)
GOLD gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals 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 These ratings could make GOLD a good candidate 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 has a better Return On Assets (4.83%) than 72.90% of its industry peers.
The Return On Equity of GOLD (9.50%) is better than 73.55% of its industry peers.
GOLD's Return On Invested Capital of 7.34% is fine compared to the rest of the industry. GOLD outperforms 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 12.54%.
The 3 year average ROIC (5.32%) for GOLD 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
GOLD's Profit Margin of 17.46% is amongst the best of the industry. GOLD outperforms 86.45% of its industry peers.
In the last couple of years the Profit Margin of GOLD has declined.
With an excellent Operating Margin value of 36.66%, GOLD belongs to the best of the industry, outperforming 91.61% of the companies in the same industry.
GOLD's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 41.30%, GOLD belongs to the top of the industry, outperforming 81.94% of the companies in the same industry.
GOLD's Gross Margin has improved in the last couple of years.
| 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
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 less shares outstanding
GOLD has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, GOLD has an improved debt to assets ratio.
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.
Looking at the Altman-Z score, with a value of 1.42, GOLD is doing worse than 64.52% of the companies in the same industry.
The Debt to FCF ratio of GOLD is 2.85, which is a good value as it means it would take GOLD, 2.85 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of GOLD (2.85) is better than 74.19% of its industry peers.
GOLD has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
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's Current ratio of 2.87 is fine compared to the rest 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.
The Quick ratio of GOLD (2.16) is better than 64.52% of its industry peers.
| 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.
GOLD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.55% yearly.
GOLD shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.69%.
The Revenue has been growing slightly by 5.87% on average over the past years.
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, GOLD will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.03% on average per year.
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 Year12.94%
Revenue Next 2Y11%
Revenue Next 3Y8.86%
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.
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.
85.81% of the companies in the same industry are more expensive than GOLD, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.11, 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.
Based on the Price/Forward Earnings ratio, GOLD is valued a bit cheaper than 76.77% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.55, 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 cheaply inside the industry as 89.03% of the companies are valued more expensively.
79.35% 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 | 19.62 | ||
| EV/EBITDA | 4.93 |
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.
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
With a Yearly Dividend Yield of 2.17%, GOLD has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.60, GOLD pays a better dividend. On top of this GOLD pays more dividend than 80.65% of the companies listed in the same industry.
GOLD's Dividend Yield is comparable with the S&P500 average which is at 2.37.
| 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.
The dividend of GOLD decreased 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-13.71%
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.