GOLD FIELDS LTD-SPONS ADR (GFI) Stock Fundamental Analysis
NYSE:GFI - New York Stock Exchange, Inc. - US38059T1060 - ADR - Currency: USD
We assign a fundamental rating of 7 out of 10 to GFI. GFI was compared to 154 industry peers in the Metals & Mining industry. GFI has an excellent profitability rating, but there are some minor concerns on its financial health. GFI is evaluated to be cheap and growing strongly. This does not happen too often!
1. Profitability
1.1 Basic Checks
In the past year GFI was profitable.
GFI had a positive operating cash flow in the past year.
In the past 5 years GFI has always been profitable.
In the past 5 years GFI always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 12.27%, GFI belongs to the best of the industry, outperforming 91.56% of the companies in the same industry.
Looking at the Return On Equity, with a value of 23.94%, GFI belongs to the top of the industry, outperforming 94.81% of the companies in the same industry.
GFI has a Return On Invested Capital of 17.69%. This is amongst the best in the industry. GFI outperforms 96.75% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GFI is significantly above the industry average of 11.16%.
The last Return On Invested Capital (17.69%) for GFI is above the 3 year average (16.80%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.27% | ||
| ROE | 23.94% | ||
| ROIC | 17.69% |
ROA(3y)10.17%
ROA(5y)10.19%
ROE(3y)18.85%
ROE(5y)19.22%
ROIC(3y)16.8%
ROIC(5y)16.97%
1.3 Margins
GFI has a better Profit Margin (23.93%) than 92.86% of its industry peers.
GFI's Profit Margin has improved in the last couple of years.
GFI's Operating Margin of 45.33% is amongst the best of the industry. GFI outperforms 96.10% of its industry peers.
GFI's Operating Margin has improved in the last couple of years.
GFI has a Gross Margin of 45.33%. This is amongst the best in the industry. GFI outperforms 85.71% of its industry peers.
GFI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 45.33% | ||
| PM (TTM) | 23.93% | ||
| GM | 45.33% |
OM growth 3Y1.47%
OM growth 5Y7.58%
PM growth 3Y8.35%
PM growth 5Y34.46%
GM growth 3Y1.47%
GM growth 5Y7.58%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GFI is creating some value.
Compared to 1 year ago, GFI has about the same amount of shares outstanding.
GFI has more shares outstanding than it did 5 years ago.
GFI has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.34 indicates that GFI is not in any danger for bankruptcy at the moment.
The Altman-Z score of GFI (4.34) is better than 72.73% of its industry peers.
GFI has a debt to FCF ratio of 7.04. This is a slightly negative value and a sign of low solvency as GFI would need 7.04 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.04, GFI is in the better half of the industry, outperforming 66.88% of the companies in the same industry.
GFI has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
GFI's Debt to Equity ratio of 0.41 is on the low side compared to the rest of the industry. GFI is outperformed by 70.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 7.04 | ||
| Altman-Z | 4.34 |
ROIC/WACC1.14
WACC15.54%
2.3 Liquidity
A Current Ratio of 1.13 indicates that GFI should not have too much problems paying its short term obligations.
GFI has a Current ratio of 1.13. This is amonst the worse of the industry: GFI underperforms 82.47% of its industry peers.
GFI has a Quick Ratio of 1.13. This is a bad value and indicates that GFI is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.72, GFI is doing worse than 82.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 77.80% over the past year.
Measured over the past years, GFI shows a very strong growth in Earnings Per Share. The EPS has been growing by 48.07% on average per year.
GFI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.57%.
The Revenue has been growing by 11.88% on average over the past years. This is quite good.
EPS 1Y (TTM)77.8%
EPS 3Y16.47%
EPS 5Y48.07%
EPS Q2Q%253.74%
Revenue 1Y (TTM)15.57%
Revenue growth 3Y7.43%
Revenue growth 5Y11.88%
Sales Q2Q%37.74%
3.2 Future
Based on estimates for the next years, GFI will show a very strong growth in Earnings Per Share. The EPS will grow by 27.09% on average per year.
GFI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.65% yearly.
EPS Next Y110.74%
EPS Next 2Y56.12%
EPS Next 3Y27.09%
EPS Next 5YN/A
Revenue Next Year39.03%
Revenue Next 2Y25.39%
Revenue Next 3Y12.65%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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 stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 18.12, GFI is valued on the expensive side.
Based on the Price/Earnings ratio, GFI is valued a bit cheaper than the industry average as 79.22% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.29. GFI is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 9.35, which indicates a very decent valuation of GFI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GFI indicates a somewhat cheap valuation: GFI is cheaper than 79.87% of the companies listed in the same industry.
GFI is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.17, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.12 | ||
| Fwd PE | 9.35 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GFI is valued a bit cheaper than the industry average as 76.62% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, GFI is valued a bit cheaper than the industry average as 64.94% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 53.89 | ||
| EV/EBITDA | 7.59 |
4.3 Compensation for Growth
GFI'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 GFI may justify a higher PE ratio.
GFI's earnings are expected to grow with 27.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.16
PEG (5Y)0.38
EPS Next 2Y56.12%
EPS Next 3Y27.09%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.43%, GFI has a reasonable but not impressive dividend return.
GFI's Dividend Yield is rather good when compared to the industry average which is at 2.97. GFI pays more dividend than 83.12% of the companies in the same industry.
GFI's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.43% |
5.2 History
The dividend of GFI is nicely growing with an annual growth rate of 56.48%!
GFI has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)56.48%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The dividend of GFI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y56.12%
EPS Next 3Y27.09%
25.19
+2.19 (+9.52%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners61.53%
Inst Owner Change-1.51%
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap22.55B
Analysts72.73
Price Target22.42 (-11%)
Short Float %0.61%
Short Ratio1.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.43% |
Yearly DividendN/A
Dividend Growth(5Y)56.48%
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
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)6.72%
PT rev (3m)34.81%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)21.79%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.53%
Revenue NY rev (3m)7.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.12 | ||
| Fwd PE | 9.35 | ||
| P/S | 4.33 | ||
| P/FCF | 53.89 | ||
| P/OCF | 14.03 | ||
| P/B | 4.33 | ||
| P/tB | 4.33 | ||
| EV/EBITDA | 7.59 |
EPS(TTM)1.39
EY5.52%
EPS(NY)2.7
Fwd EY10.7%
FCF(TTM)0.47
FCFY1.86%
OCF(TTM)1.8
OCFY7.13%
SpS5.81
BVpS5.81
TBVpS5.81
PEG (NY)0.16
PEG (5Y)0.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.27% | ||
| ROE | 23.94% | ||
| ROCE | 27.96% | ||
| ROIC | 17.69% | ||
| ROICexc | 19.7% | ||
| ROICexgc | 19.7% | ||
| OM | 45.33% | ||
| PM (TTM) | 23.93% | ||
| GM | 45.33% | ||
| FCFM | 8.04% |
ROA(3y)10.17%
ROA(5y)10.19%
ROE(3y)18.85%
ROE(5y)19.22%
ROIC(3y)16.8%
ROIC(5y)16.97%
ROICexc(3y)18.78%
ROICexc(5y)18.99%
ROICexgc(3y)18.78%
ROICexgc(5y)18.99%
ROCE(3y)26.56%
ROCE(5y)26.83%
ROICexcg growth 3Y0.88%
ROICexcg growth 5Y7.72%
ROICexc growth 3Y0.88%
ROICexc growth 5Y9.31%
OM growth 3Y1.47%
OM growth 5Y7.58%
PM growth 3Y8.35%
PM growth 5Y34.46%
GM growth 3Y1.47%
GM growth 5Y7.58%
F-Score5
Asset Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 7.04 | ||
| Debt/EBITDA | 0.72 | ||
| Cap/Depr | 189.45% | ||
| Cap/Sales | 22.85% | ||
| Interest Coverage | 18.08 | ||
| Cash Conversion | 53.83% | ||
| Profit Quality | 33.61% | ||
| Current Ratio | 1.13 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 4.34 |
F-Score5
WACC15.54%
ROIC/WACC1.14
Cap/Depr(3y)149.57%
Cap/Depr(5y)138.14%
Cap/Sales(3y)23.74%
Cap/Sales(5y)22.47%
Profit Quality(3y)32.28%
Profit Quality(5y)37.35%
High Growth Momentum
Growth
EPS 1Y (TTM)77.8%
EPS 3Y16.47%
EPS 5Y48.07%
EPS Q2Q%253.74%
EPS Next Y110.74%
EPS Next 2Y56.12%
EPS Next 3Y27.09%
EPS Next 5YN/A
Revenue 1Y (TTM)15.57%
Revenue growth 3Y7.43%
Revenue growth 5Y11.88%
Sales Q2Q%37.74%
Revenue Next Year39.03%
Revenue Next 2Y25.39%
Revenue Next 3Y12.65%
Revenue Next 5YN/A
EBIT growth 1Y34.45%
EBIT growth 3Y9.01%
EBIT growth 5Y20.36%
EBIT Next Year121.73%
EBIT Next 3Y32.08%
EBIT Next 5YN/A
FCF growth 1Y202.97%
FCF growth 3Y43.53%
FCF growth 5Y12.47%
OCF growth 1Y34.73%
OCF growth 3Y9.32%
OCF growth 5Y13.72%