NEWMONT CORP (NEM) Fundamental Analysis & Valuation

NYSE:NEM • US6516391066

Current stock price

114.05 USD
+0.26 (+0.23%)
At close:
114.015 USD
-0.03 (-0.03%)
After Hours:

This NEM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. NEM Profitability Analysis

1.1 Basic Checks

  • NEM had positive earnings in the past year.
  • NEM had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: NEM reported negative net income in multiple years.
  • NEM had a positive operating cash flow in each of the past 5 years.
NEM Yearly Net Income VS EBIT VS OCF VS FCFNEM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B 8B 10B

1.2 Ratios

  • NEM has a Return On Assets of 12.40%. This is amongst the best in the industry. NEM outperforms 87.34% of its industry peers.
  • NEM's Return On Equity of 20.92% is amongst the best of the industry. NEM outperforms 91.14% of its industry peers.
  • NEM's Return On Invested Capital of 13.70% is amongst the best of the industry. NEM outperforms 86.71% of its industry peers.
  • NEM had an Average Return On Invested Capital over the past 3 years of 7.47%. This is significantly below the industry average of 61.56%.
  • The 3 year average ROIC (7.47%) for NEM is below the current ROIC(13.70%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 12.4%
ROE 20.92%
ROIC 13.7%
ROA(3y)4.62%
ROA(5y)3.12%
ROE(3y)7.84%
ROE(5y)5.32%
ROIC(3y)7.47%
ROIC(5y)5.75%
NEM Yearly ROA, ROE, ROICNEM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15 20

1.3 Margins

  • NEM's Profit Margin of 31.25% is amongst the best of the industry. NEM outperforms 90.51% of its industry peers.
  • NEM's Profit Margin has improved in the last couple of years.
  • NEM's Operating Margin of 48.19% is amongst the best of the industry. NEM outperforms 93.67% of its industry peers.
  • In the last couple of years the Operating Margin of NEM has grown nicely.
  • NEM has a better Gross Margin (64.33%) than 93.04% of its industry peers.
  • NEM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 48.19%
PM (TTM) 31.25%
GM 64.33%
OM growth 3Y51.85%
OM growth 5Y11.44%
PM growth 3YN/A
PM growth 5Y4.9%
GM growth 3Y12.06%
GM growth 5Y2.67%
NEM Yearly Profit, Operating, Gross MarginsNEM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

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7

2. NEM Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so NEM is still creating some value.
  • NEM has less shares outstanding than it did 1 year ago.
  • NEM has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for NEM has been reduced compared to a year ago.
NEM Yearly Shares OutstandingNEM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
NEM Yearly Total Debt VS Total AssetsNEM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • NEM has an Altman-Z score of 4.47. This indicates that NEM is financially healthy and has little risk of bankruptcy at the moment.
  • NEM has a Altman-Z score of 4.47. This is in the better half of the industry: NEM outperforms 62.66% of its industry peers.
  • NEM has a debt to FCF ratio of 0.75. This is a very positive value and a sign of high solvency as it would only need 0.75 years to pay back of all of its debts.
  • NEM's Debt to FCF ratio of 0.75 is amongst the best of the industry. NEM outperforms 87.34% of its industry peers.
  • NEM has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
  • NEM has a Debt to Equity ratio (0.16) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 0.75
Altman-Z 4.47
ROIC/WACC1.07
WACC12.86%
NEM Yearly LT Debt VS Equity VS FCFNEM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.3 Liquidity

  • NEM has a Current Ratio of 2.29. This indicates that NEM is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of NEM (2.29) is comparable to the rest of the industry.
  • NEM has a Quick Ratio of 1.82. This is a normal value and indicates that NEM is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of NEM (1.82) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.29
Quick Ratio 1.82
NEM Yearly Current Assets VS Current LiabilitesNEM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. NEM Growth Analysis

3.1 Past

  • NEM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 98.56%, which is quite impressive.
  • Measured over the past years, NEM shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.13% on average per year.
  • Looking at the last year, NEM shows a very strong growth in Revenue. The Revenue has grown by 21.34%.
  • NEM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.54% yearly.
EPS 1Y (TTM)98.56%
EPS 3Y54.88%
EPS 5Y21.13%
EPS Q2Q%80%
Revenue 1Y (TTM)21.34%
Revenue growth 3Y23.91%
Revenue growth 5Y14.54%
Sales Q2Q%20.63%

3.2 Future

  • The Earnings Per Share is expected to decrease by -8.41% on average over the next years.
  • Based on estimates for the next years, NEM will show a decrease in Revenue. The Revenue will decrease by -9.32% on average per year.
EPS Next Y34.19%
EPS Next 2Y21.22%
EPS Next 3Y13.69%
EPS Next 5Y-8.41%
Revenue Next Year26.89%
Revenue Next 2Y16.04%
Revenue Next 3Y10.31%
Revenue Next 5Y-9.32%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NEM Yearly Revenue VS EstimatesNEM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
NEM Yearly EPS VS EstimatesNEM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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8

4. NEM Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 16.51 indicates a correct valuation of NEM.
  • NEM's Price/Earnings ratio is rather cheap when compared to the industry. NEM is cheaper than 85.44% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.60. NEM is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 12.30, which indicates a correct valuation of NEM.
  • Based on the Price/Forward Earnings ratio, NEM is valued a bit cheaper than 75.32% of the companies in the same industry.
  • NEM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.51
Fwd PE 12.3
NEM Price Earnings VS Forward Price EarningsNEM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • NEM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NEM is cheaper than 81.01% of the companies in the same industry.
  • 91.77% of the companies in the same industry are more expensive than NEM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 16.68
EV/EBITDA 8.99
NEM Per share dataNEM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • NEM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • NEM has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as NEM's earnings are expected to grow with 13.69% in the coming years.
PEG (NY)0.48
PEG (5Y)0.78
EPS Next 2Y21.22%
EPS Next 3Y13.69%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. NEM Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.05%, NEM has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.21, NEM pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 1.05, NEM pays less dividend than the S&P500 average, which is at 1.88.
Industry RankSector Rank
Dividend Yield 1.05%

5.2 History

  • The dividend of NEM decreases each year by -0.77%.
  • NEM has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-0.77%
Div Incr Years0
Div Non Decr Years0
NEM Yearly Dividends per shareNEM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 15.61% of the earnings are spent on dividend by NEM. This is a low number and sustainable payout ratio.
  • The Dividend Rate of NEM has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP15.61%
EPS Next 2Y21.22%
EPS Next 3Y13.69%
NEM Yearly Income VS Free CF VS DividendNEM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B
NEM Dividend Payout.NEM Dividend Payout, showing the Payout Ratio.NEM Dividend Payout.PayoutRetained Earnings

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NEM Fundamentals: All Metrics, Ratios and Statistics

NEWMONT CORP

NYSE:NEM (4/2/2026, 8:04:00 PM)

After market: 114.015 -0.03 (-0.03%)

114.05

+0.26 (+0.23%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-19
Earnings (Next)04-23
Inst Owners80.74%
Inst Owner Change-2.66%
Ins Owners0.07%
Ins Owner Change-1.78%
Market Cap124.07B
Revenue(TTM)22.67B
Net Income(TTM)7.08B
Analysts82.07
Price Target142.78 (25.19%)
Short Float %1.96%
Short Ratio1.89
Dividend
Industry RankSector Rank
Dividend Yield 1.05%
Yearly Dividend1
Dividend Growth(5Y)-0.77%
DP15.61%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-03
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.5%
Min EPS beat(2)18.31%
Max EPS beat(2)24.7%
EPS beat(4)4
Avg EPS beat(4)25.42%
Min EPS beat(4)18.31%
Max EPS beat(4)38.22%
EPS beat(8)7
Avg EPS beat(8)23.9%
EPS beat(12)9
Avg EPS beat(12)14.58%
EPS beat(16)9
Avg EPS beat(16)7.07%
Revenue beat(2)2
Avg Revenue beat(2)7.54%
Min Revenue beat(2)5.52%
Max Revenue beat(2)9.56%
Revenue beat(4)4
Avg Revenue beat(4)7.09%
Min Revenue beat(4)5.52%
Max Revenue beat(4)9.56%
Revenue beat(8)7
Avg Revenue beat(8)6.2%
Revenue beat(12)8
Avg Revenue beat(12)2.92%
Revenue beat(16)9
Avg Revenue beat(16)1.61%
PT rev (1m)7.24%
PT rev (3m)28.71%
EPS NQ rev (1m)5.25%
EPS NQ rev (3m)15.54%
EPS NY rev (1m)8.24%
EPS NY rev (3m)15.9%
Revenue NQ rev (1m)6.51%
Revenue NQ rev (3m)11.71%
Revenue NY rev (1m)9.69%
Revenue NY rev (3m)13.97%
Valuation
Industry RankSector Rank
PE 16.51
Fwd PE 12.3
P/S 5.47
P/FCF 16.68
P/OCF 11.85
P/B 3.66
P/tB 3.98
EV/EBITDA 8.99
EPS(TTM)6.91
EY6.06%
EPS(NY)9.27
Fwd EY8.13%
FCF(TTM)6.84
FCFY5.99%
OCF(TTM)9.63
OCFY8.44%
SpS20.84
BVpS31.13
TBVpS28.69
PEG (NY)0.48
PEG (5Y)0.78
Graham Number69.57
Profitability
Industry RankSector Rank
ROA 12.4%
ROE 20.92%
ROCE 21.25%
ROIC 13.7%
ROICexc 16.32%
ROICexgc 17.39%
OM 48.19%
PM (TTM) 31.25%
GM 64.33%
FCFM 32.81%
ROA(3y)4.62%
ROA(5y)3.12%
ROE(3y)7.84%
ROE(5y)5.32%
ROIC(3y)7.47%
ROIC(5y)5.75%
ROICexc(3y)8.57%
ROICexc(5y)6.59%
ROICexgc(3y)9.12%
ROICexgc(5y)7.03%
ROCE(3y)11.58%
ROCE(5y)8.92%
ROICexgc growth 3Y69.91%
ROICexgc growth 5Y19.72%
ROICexc growth 3Y69.93%
ROICexc growth 5Y20.35%
OM growth 3Y51.85%
OM growth 5Y11.44%
PM growth 3YN/A
PM growth 5Y4.9%
GM growth 3Y12.06%
GM growth 5Y2.67%
F-Score9
Asset Turnover0.4
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 0.75
Debt/EBITDA 0.41
Cap/Depr 120.39%
Cap/Sales 13.39%
Interest Coverage 46.89
Cash Conversion 77.88%
Profit Quality 104.97%
Current Ratio 2.29
Quick Ratio 1.82
Altman-Z 4.47
F-Score9
WACC12.86%
ROIC/WACC1.07
Cap/Depr(3y)126.31%
Cap/Depr(5y)109.52%
Cap/Sales(3y)18.06%
Cap/Sales(5y)17.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)98.56%
EPS 3Y54.88%
EPS 5Y21.13%
EPS Q2Q%80%
EPS Next Y34.19%
EPS Next 2Y21.22%
EPS Next 3Y13.69%
EPS Next 5Y-8.41%
Revenue 1Y (TTM)21.34%
Revenue growth 3Y23.91%
Revenue growth 5Y14.54%
Sales Q2Q%20.63%
Revenue Next Year26.89%
Revenue Next 2Y16.04%
Revenue Next 3Y10.31%
Revenue Next 5Y-9.32%
EBIT growth 1Y85.52%
EBIT growth 3Y88.16%
EBIT growth 5Y27.65%
EBIT Next Year66.27%
EBIT Next 3Y19.57%
EBIT Next 5Y-8.4%
FCF growth 1Y163.44%
FCF growth 3Y89.72%
FCF growth 5Y15.75%
OCF growth 1Y68.22%
OCF growth 3Y48.16%
OCF growth 5Y16.49%

NEWMONT CORP / NEM Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for NEWMONT CORP?

ChartMill assigns a fundamental rating of 7 / 10 to NEM.


What is the valuation status of NEWMONT CORP (NEM) stock?

ChartMill assigns a valuation rating of 8 / 10 to NEWMONT CORP (NEM). This can be considered as Undervalued.


What is the profitability of NEM stock?

NEWMONT CORP (NEM) has a profitability rating of 8 / 10.


Can you provide the financial health for NEM stock?

The financial health rating of NEWMONT CORP (NEM) is 7 / 10.


What is the expected EPS growth for NEWMONT CORP (NEM) stock?

The Earnings per Share (EPS) of NEWMONT CORP (NEM) is expected to grow by 34.19% in the next year.