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

  • In the past year NEM was profitable.
  • 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's Return On Assets of 12.40% is amongst the best of the industry. NEM outperforms 86.50% of its industry peers.
  • Looking at the Return On Equity, with a value of 20.92%, NEM belongs to the top of the industry, outperforming 90.80% of the companies in the same industry.
  • The Return On Invested Capital of NEM (13.70%) is better than 85.89% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for NEM 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

  • Looking at the Profit Margin, with a value of 31.25%, NEM belongs to the top of the industry, outperforming 89.57% of the companies in the same industry.
  • 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 93.25% of its industry peers.
  • NEM's Operating Margin has improved in the last couple of years.
  • NEM has a better Gross Margin (64.33%) than 92.64% 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

  • NEM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for NEM has been reduced compared to 1 year ago.
  • The number of shares outstanding for NEM has been increased compared to 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

  • An Altman-Z score of 4.36 indicates that NEM is not in any danger for bankruptcy at the moment.
  • NEM has a Altman-Z score (4.36) which is comparable to the rest of the industry.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 0.75, NEM belongs to the top of the industry, outperforming 87.12% of the companies in the same industry.
  • A Debt/Equity ratio of 0.16 indicates that NEM is not too dependend on debt financing.
  • NEM has a Debt to Equity ratio (0.16) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 0.75
Altman-Z 4.36
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

  • 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.
  • Looking at the Quick ratio, with a value of 1.82, NEM is in line with its industry, outperforming 53.99% of the companies in the same 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 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.
  • NEM shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.34%.
  • The Revenue has been growing by 14.54% on average over the past years. This is quite good.
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

  • Based on estimates for the next years, NEM will show a decrease in Earnings Per Share. The EPS will decrease by -6.92% on average per year.
  • 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 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

  • 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.
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.
  • Based on the Price/Earnings ratio, NEM is valued cheaper than 93.25% of the companies in the same industry.
  • NEM is valuated rather cheaply when we compare the Price/Earnings ratio to 27.42, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 11.23, the valuation of NEM can be described as very reasonable.
  • 78.53% 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 cheaply inside the industry as 81.60% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NEM indicates a rather cheap valuation: NEM is cheaper than 92.02% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 17.53
EV/EBITDA 8.68
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.
  • NEM's earnings are expected to grow with 16.53% in the coming years. This may justify a more expensive valuation.
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

  • NEM has a yearly dividend return of 0.94%, which is pretty low.
  • Compared to an average industry Dividend Yield of 1.06, NEM pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.94, NEM pays less dividend than the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 0.94%

5.2 History

  • The dividend of NEM decreases each year by -0.77%.
  • NEM has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of NEM decreased 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

  • NEM pays out 15.61% of its income as dividend. This is a sustainable payout ratio.
  • NEM's earnings and Dividend Rate are 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 Change0.11%
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)-2.27%
EPS NQ rev (3m)11.36%
EPS NY rev (1m)4.58%
EPS NY rev (3m)21.21%
Revenue NQ rev (1m)1.59%
Revenue NQ rev (3m)12.57%
Revenue NY rev (1m)3.51%
Revenue NY rev (3m)16.73%
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 8.68
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 4.36
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.