BARRICK GOLD CORP (GOLD) Stock Fundamental Analysis
NYSE:GOLD - CA0679011084 - Common Stock
18.86 USD
+18.86 (+Infinity%)
18.82 USD
-0.04 (-0.21%)
GOLD gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 156 industry peers in the Metals & Mining industry. While GOLD has a great profitability rating, there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on GOLD. With these ratings, GOLD could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
In the past year GOLD was profitable.
In the past year GOLD had a positive cash flow from operations.
GOLD had positive earnings in each of the past 5 years.
In the past 5 years GOLD always reported a positive cash flow from operatings.
1.2 Ratios
GOLD's Return On Assets of 4.83% is fine compared to the rest of the industry. GOLD outperforms 72.90% of its industry peers.
GOLD's Return On Equity of 9.50% is fine compared to the rest of the industry. GOLD outperforms 73.55% of its industry peers.
GOLD has a Return On Invested Capital of 7.34%. This is in the better half of the industry: GOLD outperforms 70.97% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GOLD is significantly below the industry average of 13.00%.
The 3 year average ROIC (5.32%) for GOLD is below the current ROIC(7.34%), indicating increased profibility in the last year.
| 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
GOLD's Profit Margin of 17.46% is amongst the best of the industry. GOLD outperforms 86.45% of its industry peers.
GOLD's Profit Margin has declined in the last couple of years.
The Operating Margin of GOLD (36.66%) is better than 91.61% of its industry peers.
GOLD's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 41.30%, GOLD belongs to the best of the industry, outperforming 81.94% of the companies in the same industry.
In the last couple of years the Gross Margin of GOLD 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), GOLD is destroying value.
Compared to 1 year ago, GOLD has less shares outstanding
Compared to 5 years ago, GOLD has less shares outstanding
The debt/assets ratio for GOLD has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.42, we must say that GOLD is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.42, GOLD is not doing good in the industry: 64.52% of the companies in the same industry are doing better.
The Debt to FCF ratio of GOLD is 2.85, which is a good value as it means it would take GOLD, 2.85 years of fcf income to pay off all of its debts.
GOLD has a better Debt to FCF ratio (2.85) than 74.19% of its industry peers.
A Debt/Equity ratio of 0.19 indicates that GOLD is not too dependend on debt financing.
GOLD has a Debt to Equity ratio (0.19) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 2.85 | ||
| Altman-Z | 1.42 |
ROIC/WACC0.85
WACC8.6%
2.3 Liquidity
A Current Ratio of 2.87 indicates that GOLD has no problem at all paying its short term obligations.
The Current ratio of GOLD (2.87) is better than 64.52% of its industry peers.
GOLD has a Quick Ratio of 2.16. This indicates that GOLD is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 2.16, GOLD is doing good in the industry, outperforming 64.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.87 | ||
| Quick Ratio | 2.16 |
3. Growth
3.1 Past
GOLD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 60.67%, which is quite impressive.
The Earnings Per Share has been growing by 19.55% on average over the past years. This is quite good.
GOLD shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.69%.
GOLD 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
The Earnings Per Share is expected to grow by 8.03% on average over the next years. This is quite good.
Based on estimates for the next years, GOLD will show a small growth in Revenue. The Revenue will grow by 2.49% on average per year.
EPS Next Y27.68%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
EPS Next 5Y8.03%
Revenue Next Year12.94%
Revenue Next 2Y11%
Revenue Next 3Y8.86%
Revenue Next 5Y2.49%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.19, the valuation of GOLD can be described as correct.
Based on the Price/Earnings ratio, GOLD is valued cheaper than 85.81% of the companies in the same industry.
GOLD is valuated cheaply when we compare the Price/Earnings ratio to 27.06, which is the current average of the S&P500 Index.
GOLD is valuated reasonably with a Price/Forward Earnings ratio of 10.08.
Based on the Price/Forward Earnings ratio, GOLD is valued a bit cheaper than the industry average as 76.77% of the companies are valued more expensively.
GOLD is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.19 | ||
| Fwd PE | 10.08 |
4.2 Price Multiples
GOLD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. GOLD is cheaper than 89.03% of the companies in the same industry.
79.35% of the companies in the same industry are more expensive than GOLD, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.62 | ||
| EV/EBITDA | 4.93 |
4.3 Compensation for Growth
GOLD'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 GOLD may justify a higher PE ratio.
A more expensive valuation may be justified as GOLD's earnings are expected to grow with 14.50% in the coming years.
PEG (NY)0.48
PEG (5Y)0.67
EPS Next 2Y21.39%
EPS Next 3Y14.5%
5. Dividend
5.1 Amount
GOLD has a Yearly Dividend Yield of 2.17%.
GOLD's Dividend Yield is rather good when compared to the industry average which is at 2.66. GOLD pays more dividend than 80.65% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, GOLD has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
5.2 History
The dividend of GOLD has a limited annual growth rate of 1.44%.
GOLD has paid a dividend for at least 10 years, which is a reliable track record.
GOLD 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 GOLD. This is a low number and sustainable payout ratio.
The dividend of GOLD is growing, but earnings are growing more, so the dividend growth is sustainable.
DP29.83%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
18.86
+18.86 (+Infinity%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners62.18%
Inst Owner Change-95.92%
Ins Owners0.7%
Ins Owner ChangeN/A
Market Cap32.57B
Analysts81.25
Price Target26.99 (43.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
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)1
Avg Revenue beat(2)-3.74%
Min Revenue beat(2)-11.66%
Max Revenue beat(2)4.17%
Revenue beat(4)1
Avg Revenue beat(4)-4.28%
Min Revenue beat(4)-11.66%
Max Revenue beat(4)4.17%
Revenue beat(8)1
Avg Revenue beat(8)-3.15%
Revenue beat(12)5
Avg Revenue beat(12)-0.81%
Revenue beat(16)7
Avg Revenue beat(16)-0.62%
PT rev (1m)58.15%
PT rev (3m)16.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.09%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)8.75%
Revenue NY rev (3m)-2.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.19 | ||
| Fwd PE | 10.08 | ||
| P/S | 2.45 | ||
| P/FCF | 19.62 | ||
| P/OCF | 6.59 | ||
| P/B | 1.33 | ||
| P/tB | 1.54 | ||
| EV/EBITDA | 4.93 |
EPS(TTM)1.43
EY7.58%
EPS(NY)1.87
Fwd EY9.92%
FCF(TTM)0.96
FCFY5.1%
OCF(TTM)2.86
OCFY15.18%
SpS7.7
BVpS14.16
TBVpS12.28
PEG (NY)0.48
PEG (5Y)0.67
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 | 1.42 |
F-Score7
WACC8.6%
ROIC/WACC0.85
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 5Y8.03%
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 5Y2.49%
EBIT growth 1Y61.74%
EBIT growth 3Y-0.26%
EBIT growth 5Y13.86%
EBIT Next Year68.06%
EBIT Next 3Y24.48%
EBIT Next 5Y13.26%
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%