BARRICK GOLD CORP (GOLD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GOLD - CA0679011084 - Common Stock
18.86 USD
+18.86 (+Infinity%)
18.82 USD
-0.04 (-0.21%)
Taking everything into account, GOLD scores 7 out of 10 in our fundamental rating. GOLD was compared to 153 industry peers in the Metals & Mining industry. GOLD has an excellent profitability rating, but 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.
Each year in the past 5 years GOLD had a positive operating cash flow.
1.2 Ratios
The Return On Assets of GOLD (4.83%) is better than 72.90% of its industry peers.
GOLD's Return On Equity of 9.50% is fine compared to the rest of the industry. GOLD outperforms 73.55% of its industry peers.
With a decent Return On Invested Capital value of 7.34%, GOLD is doing good in the industry, outperforming 70.97% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GOLD is significantly below the industry average of 13.09%.
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
With an excellent Profit Margin value of 17.46%, GOLD belongs to the best of the industry, outperforming 86.45% of the companies in the same industry.
In the last couple of years the Profit Margin of GOLD has declined.
Looking at the Operating Margin, with a value of 36.66%, GOLD belongs to the top 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.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GOLD is destroying value.
The number of shares outstanding for GOLD has been reduced compared to 1 year ago.
Compared to 5 years ago, GOLD has less shares outstanding
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.
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.
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.
The Debt to FCF ratio of GOLD (2.85) is better than 74.19% of its industry peers.
A Debt/Equity ratio of 0.19 indicates that GOLD is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.19, GOLD is in line with its industry, outperforming 48.39% of the companies in the same 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
A Current Ratio of 2.87 indicates that GOLD has no problem at all paying its short term obligations.
GOLD has a better Current ratio (2.87) than 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.
Measured over the past years, GOLD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.55% on average per year.
Looking at the last year, GOLD shows a quite strong growth in Revenue. The Revenue has grown by 15.69% in the last year.
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
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.
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
The Price/Earnings ratio is 13.19, which indicates a correct valuation of GOLD.
85.81% of the companies in the same industry are more expensive than GOLD, based on the Price/Earnings ratio.
GOLD is valuated rather cheaply when we compare the Price/Earnings ratio to 25.47, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.08 indicates a reasonable valuation of GOLD.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GOLD indicates a somewhat cheap valuation: GOLD is cheaper than 76.77% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.42. GOLD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.19 | ||
| Fwd PE | 10.08 |
4.2 Price Multiples
89.03% of the companies in the same industry are more expensive than GOLD, based on the Enterprise Value to EBITDA ratio.
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.
The excellent 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 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%.
GOLD's Dividend Yield is rather good when compared to the industry average which is at 2.72. GOLD pays more dividend than 80.65% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, 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 paid a dividend for at least 10 years, which is 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
GOLD pays out 29.83% of its income as dividend. This is a 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-93.9%
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.