BARRICK MINING CORP (B) Stock Fundamental Analysis
NYSE:B - New York Stock Exchange, Inc. - CA06849F1080 - Common Stock - Currency: USD
Overall B gets a fundamental rating of 6 out of 10. We evaluated B against 154 industry peers in the Metals & Mining industry. B scores excellent on profitability, but there are some minor concerns on its financial health. B may be a bit undervalued, certainly considering the very reasonable score on growth These ratings would make B suitable for value investing!
1. Profitability
1.1 Basic Checks
B had positive earnings in the past year.
B had a positive operating cash flow in the past year.
B had positive earnings in each of the past 5 years.
B had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
B's Return On Assets of 4.83% is fine compared to the rest of the industry. B outperforms 75.32% of its industry peers.
B's Return On Equity of 9.50% is fine compared to the rest of the industry. B outperforms 75.97% of its industry peers.
B's Return On Invested Capital of 7.34% is fine compared to the rest of the industry. B outperforms 72.08% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for B is significantly below the industry average of 11.67%.
The last Return On Invested Capital (7.34%) for B 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
Looking at the Profit Margin, with a value of 17.46%, B belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
B's Profit Margin has declined in the last couple of years.
B has a Operating Margin of 36.66%. This is amongst the best in the industry. B outperforms 90.91% of its industry peers.
B's Operating Margin has improved in the last couple of years.
B's Gross Margin of 41.30% is amongst the best of the industry. B outperforms 82.47% of its industry peers.
In the last couple of years the Gross Margin of B 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), B is destroying value.
The number of shares outstanding for B has been reduced compared to 1 year ago.
The number of shares outstanding for B has been reduced compared to 5 years ago.
Compared to 1 year ago, B has an improved debt to assets ratio.
2.2 Solvency
B has an Altman-Z score of 1.51. This is a bad value and indicates that B is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.51, B is not doing good in the industry: 66.23% of the companies in the same industry are doing better.
The Debt to FCF ratio of B is 2.85, which is a good value as it means it would take B, 2.85 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of B (2.85) is better than 77.92% of its industry peers.
A Debt/Equity ratio of 0.19 indicates that B is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.19, B is in line with its industry, outperforming 48.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 2.85 | ||
| Altman-Z | 1.51 |
ROIC/WACC0.93
WACC7.88%
2.3 Liquidity
B has a Current Ratio of 2.87. This indicates that B is financially healthy and has no problem in meeting its short term obligations.
B has a better Current ratio (2.87) than 63.64% of its industry peers.
A Quick Ratio of 2.16 indicates that B has no problem at all paying its short term obligations.
B has a better Quick ratio (2.16) than 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.87 | ||
| Quick Ratio | 2.16 |
3. Growth
3.1 Past
B shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 60.67%, which is quite impressive.
Measured over the past years, B shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.55% on average per year.
The Revenue has grown by 15.69% in the past year. This is quite good.
B shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.87% yearly.
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
B is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.93% yearly.
B is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.67% yearly.
EPS Next Y27.68%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
EPS Next 5Y12.93%
Revenue Next Year12.94%
Revenue Next 2Y11%
Revenue Next 3Y8.86%
Revenue Next 5Y4.67%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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
B is valuated correctly with a Price/Earnings ratio of 14.84.
B's Price/Earnings ratio is rather cheap when compared to the industry. B is cheaper than 84.42% of the companies in the same industry.
When comparing the Price/Earnings ratio of B to the average of the S&P500 Index (27.21), we can say B is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 11.34, the valuation of B can be described as reasonable.
B's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. B is cheaper than 71.43% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of B to the average of the S&P500 Index (21.70), we can say B is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.84 | ||
| Fwd PE | 11.34 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of B indicates a rather cheap valuation: B is cheaper than 87.66% of the companies listed in the same industry.
B's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. B is cheaper than 79.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.08 | ||
| EV/EBITDA | 5.44 |
4.3 Compensation for Growth
B'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 B may justify a higher PE ratio.
A more expensive valuation may be justified as B's earnings are expected to grow with 14.50% in the coming years.
PEG (NY)0.54
PEG (5Y)0.76
EPS Next 2Y21.39%
EPS Next 3Y14.5%
5. Dividend
5.1 Amount
B has a Yearly Dividend Yield of 1.88%.
B's Dividend Yield is rather good when compared to the industry average which is at 2.98. B pays more dividend than 80.52% of the companies in the same industry.
Compared to the average S&P500 Dividend Yield of 2.42, B is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.88% |
5.2 History
The dividend of B has a limited annual growth rate of 1.44%.
B has been paying a dividend for over 5 years, so it has already some track record.
B has decreased its dividend recently.
Dividend Growth(5Y)1.44%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
29.83% of the earnings are spent on dividend by B. This is a low number and sustainable payout ratio.
B's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP29.83%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
21.22
+0.37 (+1.77%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners61.61%
Inst Owner ChangeN/A
Ins Owners0.75%
Ins Owner Change0%
Market Cap36.65B
Analysts80
Price Target27.64 (30.25%)
Short Float %1.01%
Short Ratio0.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.88% |
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-43.42%
PT rev (3m)N/A
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.84 | ||
| Fwd PE | 11.34 | ||
| P/S | 2.75 | ||
| P/FCF | 22.08 | ||
| P/OCF | 7.41 | ||
| P/B | 1.5 | ||
| P/tB | 1.73 | ||
| EV/EBITDA | 5.44 |
EPS(TTM)1.43
EY6.74%
EPS(NY)1.87
Fwd EY8.82%
FCF(TTM)0.96
FCFY4.53%
OCF(TTM)2.86
OCFY13.49%
SpS7.7
BVpS14.16
TBVpS12.28
PEG (NY)0.54
PEG (5Y)0.76
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%
ROICexcg growth 3Y-3.04%
ROICexcg 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 | 1.51 |
F-Score7
WACC7.88%
ROIC/WACC0.93
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 5Y12.93%
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 5Y4.67%
EBIT growth 1Y61.74%
EBIT growth 3Y-0.26%
EBIT growth 5Y13.86%
EBIT Next Year85.54%
EBIT Next 3Y30.25%
EBIT Next 5Y18.1%
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%