NEWMONT CORP (NEM) Fundamental Analysis & Valuation

NYSE:NEM • US6516391066

Current stock price

120.7 USD
+9.64 (+8.68%)
At close:
120.4 USD
-0.3 (-0.25%)
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.
  • In the past year NEM had a positive cash flow from operations.
  • 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

  • With an excellent Return On Assets value of 12.40%, NEM belongs to the best of the industry, outperforming 87.12% of the companies in the same industry.
  • NEM's Return On Equity of 20.92% is amongst the best of the industry. NEM outperforms 90.80% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 13.70%, NEM belongs to the top of the industry, outperforming 85.89% of the companies in the same industry.
  • NEM had an Average Return On Invested Capital over the past 3 years of 7.47%. This is significantly below the industry average of 58.81%.
  • 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

  • The Profit Margin of NEM (31.25%) is better than 88.96% of its industry peers.
  • NEM's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 48.19%, NEM belongs to the best of the industry, outperforming 93.25% of the companies in the same industry.
  • NEM's Operating Margin has improved in the last couple of years.
  • With an excellent Gross Margin value of 64.33%, NEM belongs to the best of the industry, outperforming 93.25% of the companies in the same industry.
  • 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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • Compared to 1 year ago, NEM has less shares outstanding
  • Compared to 5 years ago, NEM has more shares outstanding
  • 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 4.63. This indicates that NEM is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of NEM (4.63) is better than 61.35% of its industry peers.
  • The Debt to FCF ratio of NEM is 0.75, which is an excellent value as it means it would take NEM, only 0.75 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of NEM (0.75) is better than 87.12% of its industry peers.
  • A Debt/Equity ratio of 0.16 indicates that NEM is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.16, NEM is in line with its industry, outperforming 50.92% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 0.75
Altman-Z 4.63
ROIC/WACC1.07
WACC12.8%
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

  • A Current Ratio of 2.29 indicates that NEM has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.29, NEM is in line with its industry, outperforming 47.24% of the companies in the same industry.
  • A Quick Ratio of 1.82 indicates that NEM should not have too much problems paying its short term obligations.
  • NEM has a Quick ratio (1.82) which is in line with its industry peers.
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 104.78%, 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.
  • The Revenue has grown by 21.34% in the past year. This is a very strong growth!
  • 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)104.78%
EPS 3Y54.88%
EPS 5Y21.13%
EPS Q2Q%132%
Revenue 1Y (TTM)21.34%
Revenue growth 3Y23.91%
Revenue growth 5Y14.54%
Sales Q2Q%45.85%

3.2 Future

  • NEM is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.92% yearly.
  • NEM is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -9.32% yearly.
EPS Next Y40.33%
EPS Next 2Y24.74%
EPS Next 3Y16.53%
EPS Next 5Y-6.92%
Revenue Next Year31.35%
Revenue Next 2Y17.57%
Revenue Next 3Y10.83%
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.
  • 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.
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 5 10

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8

4. NEM Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 14.10 indicates a correct valuation of NEM.
  • NEM's Price/Earnings ratio is rather cheap when compared to the industry. NEM is cheaper than 91.41% of the companies in the same industry.
  • NEM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.42.
  • The Price/Forward Earnings ratio is 11.23, which indicates a very decent valuation of NEM.
  • 76.07% of the companies in the same industry are more expensive than NEM, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 22.24. NEM is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.1
Fwd PE 11.23
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

  • Based on the Enterprise Value to EBITDA ratio, NEM is valued a bit cheaper than 77.91% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NEM indicates a rather cheap valuation: NEM is cheaper than 90.80% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 17.53
EV/EBITDA 9.45
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.
  • The excellent profitability rating of NEM may justify a higher PE ratio.
  • A more expensive valuation may be justified as NEM's earnings are expected to grow with 16.53% in the coming years.
PEG (NY)0.35
PEG (5Y)0.67
EPS Next 2Y24.74%
EPS Next 3Y16.53%

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

3

5. NEM Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.94%, NEM is not a good candidate for dividend investing.
  • NEM's Dividend Yield is a higher than the industry average which is at 1.06.
  • Compared to an average S&P500 Dividend Yield of 1.81, NEM's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.94%

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.
  • NEM has decreased its dividend recently.
Dividend Growth(5Y)-0.77%
Div Incr Years0
Div Non Decr Years1
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 2Y24.74%
EPS Next 3Y16.53%
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 (4/24/2026, 8:04:00 PM)

After market: 120.4 -0.3 (-0.25%)

120.7

+9.64 (+8.68%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)04-23
Earnings (Next)07-22
Inst Owners81.4%
Inst Owner Change-0.1%
Ins Owners0.05%
Ins Owner Change-1.8%
Market Cap130.35B
Revenue(TTM)22.67B
Net Income(TTM)7.08B
Analysts83.45
Price Target141.45 (17.19%)
Short Float %1.68%
Short Ratio1.69
Dividend
Industry RankSector Rank
Dividend Yield 0.94%
Yearly Dividend1
Dividend Growth(5Y)-0.77%
DP15.61%
Div Incr Years0
Div Non Decr Years1
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)6.24%
PT rev (3m)24.14%
EPS NQ rev (1m)-3.88%
EPS NQ rev (3m)3.93%
EPS NY rev (1m)4.58%
EPS NY rev (3m)16.38%
Revenue NQ rev (1m)0.68%
Revenue NQ rev (3m)8.66%
Revenue NY rev (1m)3.51%
Revenue NY rev (3m)15.53%
Valuation
Industry RankSector Rank
PE 14.1
Fwd PE 11.23
P/S 5.75
P/FCF 17.53
P/OCF 12.45
P/B 3.85
P/tB 4.18
EV/EBITDA 9.45
EPS(TTM)8.56
EY7.09%
EPS(NY)10.75
Fwd EY8.91%
FCF(TTM)6.89
FCFY5.71%
OCF(TTM)9.7
OCFY8.03%
SpS20.99
BVpS31.36
TBVpS28.9
PEG (NY)0.35
PEG (5Y)0.67
Graham Number77.7175 (-35.61%)
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 4.63
F-Score9
WACC12.8%
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)104.78%
EPS 3Y54.88%
EPS 5Y21.13%
EPS Q2Q%132%
EPS Next Y40.33%
EPS Next 2Y24.74%
EPS Next 3Y16.53%
EPS Next 5Y-6.92%
Revenue 1Y (TTM)21.34%
Revenue growth 3Y23.91%
Revenue growth 5Y14.54%
Sales Q2Q%45.85%
Revenue Next Year31.35%
Revenue Next 2Y17.57%
Revenue Next 3Y10.83%
Revenue Next 5Y-9.32%
EBIT growth 1Y85.52%
EBIT growth 3Y88.16%
EBIT growth 5Y27.65%
EBIT Next Year74.05%
EBIT Next 3Y24.2%
EBIT Next 5Y-7.23%
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 40.33% in the next year.