BARRICK GOLD CORP (GOLD)
CA0679011084 - Common Stock
Overall GOLD gets a fundamental rating of 5 out of 10. We evaluated GOLD against 154 industry peers in the Metals & Mining industry. GOLD scores excellent on profitability, but there are some minor concerns on its financial health. GOLD has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year GOLD was profitable.
GOLD had a positive operating cash flow in the past year.
In the past 5 years GOLD has always been profitable.
In the past 5 years GOLD always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of GOLD (2.78%) is better than 69.48% of its industry peers.
Looking at the Return On Equity, with a value of 5.45%, GOLD is in the better half of the industry, outperforming 67.53% of the companies in the same industry.
GOLD has a Return On Invested Capital of 4.33%. This is in the better half of the industry: GOLD outperforms 61.69% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GOLD is below the industry average of 8.82%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.78% | ||
| ROE | 5.45% | ||
| ROIC | 4.33% |
ROA(3y)2.68%
ROA(5y)4.39%
ROE(3y)5.27%
ROE(5y)8.86%
ROIC(3y)5.09%
ROIC(5y)5.1%
1.3 Margins
The Profit Margin of GOLD (11.16%) is better than 81.82% of its industry peers.
GOLD's Profit Margin has declined in the last couple of years.
GOLD has a Operating Margin of 25.42%. This is amongst the best in the industry. GOLD outperforms 85.06% of its industry peers.
In the last couple of years the Operating Margin of GOLD has grown nicely.
GOLD has a Gross Margin of 30.40%. This is in the better half of the industry: GOLD outperforms 75.32% of its industry peers.
GOLD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.42% | ||
| PM (TTM) | 11.16% | ||
| GM | 30.4% |
OM growth 3Y-11.47%
OM growth 5Y5.42%
PM growth 3Y-15.43%
PM growth 5YN/A
GM growth 3Y-9.57%
GM growth 5Y1.71%
2. Health
2.1 Basic Checks
GOLD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
GOLD has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, GOLD has more shares outstanding
Compared to 1 year ago, GOLD has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.16, we must say that GOLD is in the distress zone and has some risk of bankruptcy.
GOLD's Altman-Z score of 1.16 is on the low side compared to the rest of the industry. GOLD is outperformed by 66.88% of its industry peers.
The Debt to FCF ratio of GOLD is 7.32, which is on the high side as it means it would take GOLD, 7.32 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.32, GOLD is in the better half of the industry, outperforming 68.83% of the companies in the same industry.
GOLD has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.20, GOLD is in line with its industry, outperforming 46.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 7.32 | ||
| Altman-Z | 1.16 |
ROIC/WACC0.58
WACC7.41%
2.3 Liquidity
A Current Ratio of 3.16 indicates that GOLD has no problem at all paying its short term obligations.
The Current ratio of GOLD (3.16) is better than 62.34% of its industry peers.
GOLD has a Quick Ratio of 2.40. This indicates that GOLD is financially healthy and has no problem in meeting its short term obligations.
GOLD has a better Quick ratio (2.40) than 65.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.16 | ||
| Quick Ratio | 2.4 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.53% over the past year.
Measured over the past years, GOLD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.47% on average per year.
Looking at the last year, GOLD shows a small growth in Revenue. The Revenue has grown by 3.49% in the last year.
Measured over the past years, GOLD shows a quite strong growth in Revenue. The Revenue has been growing by 9.49% on average per year.
EPS 1Y (TTM)10.53%
EPS 3Y-9.94%
EPS 5Y18.47%
EPS growth Q2Q107.69%
Revenue 1Y (TTM)3.49%
Revenue growth 3Y-3.28%
Revenue growth 5Y9.49%
Revenue growth Q2Q10.27%
3.2 Future
GOLD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.88% yearly.
GOLD is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.71% yearly.
EPS Next Y13.08%
EPS Next 2Y17.05%
EPS Next 3Y12.55%
EPS Next 5Y7.88%
Revenue Next Year6.96%
Revenue Next 2Y8.77%
Revenue Next 3Y6.33%
Revenue Next 5Y-0.71%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.60, GOLD is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of GOLD indicates a somewhat cheap valuation: GOLD is cheaper than 73.38% of the companies listed in the same industry.
GOLD's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.73.
A Price/Forward Earnings ratio of 17.33 indicates a rather expensive valuation of GOLD.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GOLD indicates a somewhat cheap valuation: GOLD is cheaper than 66.23% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of GOLD to the average of the S&P500 Index (20.41), we can say GOLD is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.6 | ||
| Fwd PE | 17.33 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GOLD indicates a somewhat cheap valuation: GOLD is cheaper than 79.87% of the companies listed in the same industry.
GOLD's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. GOLD is cheaper than 69.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.73 | ||
| EV/EBITDA | 5.97 |
4.3 Compensation for Growth
GOLD's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
GOLD has a very decent profitability rating, which may justify a higher PE ratio.
GOLD's earnings are expected to grow with 12.55% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.5
PEG (5Y)1.06
EPS Next 2Y17.05%
EPS Next 3Y12.55%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.39%, GOLD has a reasonable but not impressive dividend return.
GOLD's Dividend Yield is rather good when compared to the industry average which is at 2.87. GOLD pays more dividend than 81.17% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, GOLD has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.39% |
5.2 History
On average, the dividend of GOLD grows each year by 30.07%, which is quite nice.
GOLD has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)30.07%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
GOLD pays out 55.03% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of GOLD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP55.03%
EPS Next 2Y17.05%
EPS Next 3Y12.55%
BARRICK GOLD CORP
NYSE:GOLD (5/3/2024, 7:04:00 PM)
After market: 16.475 +0.02 (+0.09%)16.46
-0.09 (-0.54%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap28.90B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.39% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.6 | ||
| Fwd PE | 17.33 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.5
PEG (5Y)1.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.78% | ||
| ROE | 5.45% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 25.42% | ||
| PM (TTM) | 11.16% | ||
| GM | 30.4% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.16 | ||
| Quick Ratio | 2.4 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)10.53%
EPS 3Y-9.94%
EPS 5Y
EPS growth Q2Q
EPS Next Y13.08%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.49%
Revenue growth 3Y-3.28%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
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OCF growth 3Y
OCF growth 5Y