BARRICK GOLD CORP (GOLD)
CA0679011084 - Common Stock
GOLD gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 155 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on GOLD. With these ratings, GOLD could be worth investigating further 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.
In the past 5 years GOLD has always been profitable.
Each year in the past 5 years GOLD had a positive operating cash flow.
1.2 Ratios
GOLD has a Return On Assets of 3.44%. This is in the better half of the industry: GOLD outperforms 70.32% of its industry peers.
Looking at the Return On Equity, with a value of 6.83%, GOLD is in the better half of the industry, outperforming 70.32% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 5.13%, GOLD is in the better half of the industry, outperforming 65.16% 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 8.82%.
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 84.52% of its industry peers.
GOLD's Profit Margin has declined in the last couple of years.
GOLD has a better Operating Margin (28.36%) than 88.39% of its industry peers.
In the last couple of years the Operating Margin of GOLD has grown nicely.
With a decent Gross Margin value of 34.30%, GOLD is doing good in the industry, outperforming 78.06% of the companies in the same industry.
In the last couple of years the Gross Margin of GOLD 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
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
The debt/assets ratio for GOLD has been reduced compared to a year ago.
2.2 Solvency
GOLD has an Altman-Z score of 1.15. 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 1.15, GOLD is not doing good in the industry: 71.61% 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.
Looking at the Debt to FCF ratio, with a value of 4.96, GOLD is in the better half of the industry, outperforming 67.74% of the companies in the same industry.
A Debt/Equity ratio of 0.20 indicates that GOLD is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.20, GOLD perfoms like the industry average, outperforming 47.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | 1.15 |
ROIC/WACC0.54
WACC9.52%
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.
Looking at the Current ratio, with a value of 2.65, GOLD is in line with its industry, outperforming 58.06% of the companies in the same industry.
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 61.94% 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.
Measured over the past years, GOLD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.47% on average per year.
The Revenue has grown by 11.02% in the past year. This is quite good.
GOLD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.49% yearly.
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
Based on estimates for the next years, GOLD will show a small growth in Earnings Per Share. The EPS will grow by 5.56% on average per year.
GOLD is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.97% yearly.
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
A Price/Earnings ratio of 14.55 indicates a correct valuation of GOLD.
GOLD's Price/Earnings ratio is a bit cheaper when compared to the industry. GOLD is cheaper than 75.48% of the companies in the same industry.
GOLD is valuated rather cheaply when we compare the Price/Earnings ratio to 27.54, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.97, which indicates a very decent valuation of GOLD.
77.42% of the companies in the same industry are more expensive than GOLD, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.99. GOLD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.55 | ||
| Fwd PE | 8.97 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GOLD is valued cheaper than 83.87% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, GOLD is valued a bit cheaper than the industry average as 69.03% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.92 | ||
| EV/EBITDA | 5.1 |
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 a very decent 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 31.65% in the coming years.
PEG (NY)0.29
PEG (5Y)0.79
EPS Next 2Y44.4%
EPS Next 3Y31.65%
5. Dividend
5.1 Amount
GOLD has a Yearly Dividend Yield of 2.48%.
The stock price of GOLD dropped by -22.34% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
GOLD's Dividend Yield is rather good when compared to the industry average which is at 3.22. GOLD pays more dividend than 83.23% of the companies in the same industry.
GOLD'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 GOLD is nicely growing with an annual growth rate of 30.07%!
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)30.07%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
43.02% of the earnings are spent on dividend by GOLD. This is a bit on the high side, but may be sustainable.
The dividend of GOLD 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
NYSE:GOLD (12/24/2024, 8:17:32 PM)
Premarket: 15.77 +0.06 (+0.38%)15.71
+0.12 (+0.77%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners62.36%
Inst Owner Change3.76%
Ins Owners0.67%
Ins Owner ChangeN/A
Market Cap27.54B
Analysts81.11
Price Target25 (59.13%)
Short Float %1.17%
Short Ratio0.93
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)-1.02%
PT rev (3m)1.19%
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 | 14.55 | ||
| Fwd PE | 8.97 | ||
| P/S | 2.23 | ||
| P/FCF | 28.92 | ||
| P/OCF | 6.72 | ||
| P/B | 1.16 | ||
| P/tB | 1.37 | ||
| EV/EBITDA | 5.1 |
EPS(TTM)1.08
EY6.87%
EPS(NY)1.75
Fwd EY11.15%
FCF(TTM)0.54
FCFY3.46%
OCF(TTM)2.34
OCFY14.88%
SpS7.04
BVpS13.6
TBVpS11.47
PEG (NY)0.29
PEG (5Y)0.79
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
WACC9.52%
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%