BARRICK GOLD CORP (GOLD)
CA0679011084 - Common Stock
Overall GOLD gets a fundamental rating of 6 out of 10. We evaluated GOLD against 157 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 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
In the past year GOLD was profitable.
GOLD had a positive operating cash flow in the past year.
In the past 5 years GOLD has always been profitable.
GOLD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GOLD has a Return On Assets of 3.44%. This is in the better half of the industry: GOLD outperforms 68.15% of its industry peers.
GOLD has a Return On Equity of 6.83%. This is in the better half of the industry: GOLD outperforms 68.79% of its industry peers.
With a decent Return On Invested Capital value of 5.13%, GOLD is doing good in the industry, outperforming 64.33% 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 8.31%.
The last Return On Invested Capital (5.13%) for GOLD is above the 3 year average (5.09%), which is a sign of increasing profitability.
| 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
The Profit Margin of GOLD (13.19%) is better than 85.35% of its industry peers.
In the last couple of years the Profit Margin of GOLD has declined.
The Operating Margin of GOLD (28.36%) is better than 88.53% of its industry peers.
GOLD's Operating Margin has improved in the last couple of years.
GOLD has a Gross Margin of 34.30%. This is in the better half of the industry: GOLD outperforms 78.34% of its industry peers.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GOLD is destroying value.
Compared to 1 year ago, GOLD has about the same amount of shares outstanding.
The number of shares outstanding for GOLD has been increased 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 1.25, we must say that GOLD is in the distress zone and has some risk of bankruptcy.
GOLD's Altman-Z score of 1.25 is on the low side compared to the rest of the industry. GOLD is outperformed by 70.70% of its industry peers.
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 70.06% of the companies in the same industry.
A Debt/Equity ratio of 0.20 indicates that GOLD is not too dependend on debt financing.
GOLD has a Debt to Equity ratio (0.20) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | 1.25 |
ROIC/WACC0.54
WACC9.56%
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 has a Current ratio (2.65) which is comparable to the rest of the 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.
GOLD has a Quick ratio of 2.06. This is comparable to the rest of the industry: GOLD outperforms 59.87% 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 55.71% 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.
The Revenue has been growing by 9.49% on average over the past years. This is quite good.
EPS 1Y (TTM)55.71%
EPS 3Y-9.94%
EPS 5Y18.47%
EPS Q2Q%29.17%
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 6.04% on average over the next years.
The Revenue is expected to decrease by -0.71% on average over the next years.
EPS Next Y53.04%
EPS Next 2Y45.74%
EPS Next 3Y29.66%
EPS Next 5Y6.04%
Revenue Next Year14.28%
Revenue Next 2Y15.63%
Revenue Next 3Y10.99%
Revenue Next 5Y-0.71%
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
A Price/Earnings ratio of 16.62 indicates a correct valuation of GOLD.
GOLD's Price/Earnings ratio is a bit cheaper when compared to the industry. GOLD is cheaper than 75.80% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.65. GOLD is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 10.16, the valuation of GOLD can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GOLD indicates a somewhat cheap valuation: GOLD is cheaper than 79.62% of the companies listed in the same industry.
GOLD is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.56, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.62 | ||
| Fwd PE | 10.16 |
4.2 Price Multiples
GOLD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. GOLD is cheaper than 84.08% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, GOLD is valued a bit cheaper than 71.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.27 | ||
| EV/EBITDA | 5.78 |
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 29.66% in the coming years.
PEG (NY)0.31
PEG (5Y)0.9
EPS Next 2Y45.74%
EPS Next 3Y29.66%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.29%, GOLD has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.98, GOLD pays a better dividend. On top of this GOLD pays more dividend than 81.53% of the companies listed in the same industry.
GOLD's Dividend Yield is comparable with the S&P500 average which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.29% |
5.2 History
On average, the dividend of GOLD grows each year by 30.07%, which is quite nice.
GOLD has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)30.07%
Div Incr Years0
Div Non Decr Years0
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.
GOLD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP43.02%
EPS Next 2Y45.74%
EPS Next 3Y29.66%
BARRICK GOLD CORP
NYSE:GOLD (11/21/2024, 4:05:33 PM)
After market: 18.1 -0.02 (-0.11%)18.12
+0.23 (+1.29%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap31.67B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.29% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.62 | ||
| Fwd PE | 10.16 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.31
PEG (5Y)0.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.44% | ||
| ROE | 6.83% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 28.36% | ||
| PM (TTM) | 13.19% | ||
| GM | 34.3% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.65 | ||
| Quick Ratio | 2.06 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)55.71%
EPS 3Y-9.94%
EPS 5Y
EPS Q2Q%
EPS Next Y53.04%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)11.02%
Revenue growth 3Y-3.28%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y