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NEWMONT CORP (NEM) Stock Fundamental Analysis

NYSE:NEM - New York Stock Exchange, Inc. - US6516391066 - Common Stock - Currency: USD

58.19  +0.2 (+0.34%)

After market: 58.28 +0.09 (+0.15%)

Fundamental Rating

7

Overall NEM gets a fundamental rating of 7 out of 10. We evaluated NEM against 154 industry peers in the Metals & Mining industry. While NEM has a great profitability rating, there are some minor concerns on its financial health. NEM is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make NEM a good candidate for value investing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

NEM had positive earnings in the past year.
NEM had a positive operating cash flow in the past year.
In multiple years NEM reported negative net income over the last 5 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B

1.2 Ratios

With an excellent Return On Assets value of 9.13%, NEM belongs to the best of the industry, outperforming 88.96% of the companies in the same industry.
The Return On Equity of NEM (16.22%) is better than 90.26% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.63%, NEM belongs to the top of the industry, outperforming 85.06% of the companies in the same industry.
NEM had an Average Return On Invested Capital over the past 3 years of 4.19%. This is significantly below the industry average of 11.67%.
The last Return On Invested Capital (9.63%) for NEM is above the 3 year average (4.19%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 9.13%
ROE 16.22%
ROIC 9.63%
ROA(3y)0.11%
ROA(5y)2.01%
ROE(3y)0.13%
ROE(5y)3.59%
ROIC(3y)4.19%
ROIC(5y)4.42%
NEM Yearly ROA, ROE, ROICNEM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

NEM's Profit Margin of 25.77% is amongst the best of the industry. NEM outperforms 93.51% of its industry peers.
In the last couple of years the Profit Margin of NEM has declined.
With an excellent Operating Margin value of 35.28%, NEM belongs to the best of the industry, outperforming 89.61% of the companies in the same industry.
NEM's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 54.43%, NEM belongs to the best of the industry, outperforming 89.61% of the companies in the same industry.
NEM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 35.28%
PM (TTM) 25.77%
GM 54.43%
OM growth 3Y24.65%
OM growth 5Y14.78%
PM growth 3Y23.39%
PM growth 5Y-9.05%
GM growth 3Y-2.15%
GM growth 5Y2.2%
NEM Yearly Profit, Operating, Gross MarginsNEM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NEM is creating some value.
The number of shares outstanding for NEM has been reduced compared to 1 year ago.
Compared to 5 years ago, NEM has more shares outstanding
NEM has a better debt/assets ratio than last year.
NEM Yearly Shares OutstandingNEM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
NEM Yearly Total Debt VS Total AssetsNEM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

An Altman-Z score of 2.49 indicates that NEM is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.49, NEM is in line with its industry, outperforming 48.70% of the companies in the same industry.
The Debt to FCF ratio of NEM is 1.78, which is an excellent value as it means it would take NEM, only 1.78 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.78, NEM belongs to the top of the industry, outperforming 83.77% of the companies in the same industry.
NEM has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.25, NEM is in line with its industry, outperforming 41.56% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 1.78
Altman-Z 2.49
ROIC/WACC1.02
WACC9.47%
NEM Yearly LT Debt VS Equity VS FCFNEM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.3 Liquidity

NEM has a Current Ratio of 1.98. This is a normal value and indicates that NEM is financially healthy and should not expect problems in meeting its short term obligations.
NEM's Current ratio of 1.98 is in line compared to the rest of the industry. NEM outperforms 42.21% of its industry peers.
NEM has a Quick Ratio of 1.56. This is a normal value and indicates that NEM is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of NEM (1.56) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.98
Quick Ratio 1.56
NEM Yearly Current Assets VS Current LiabilitesNEM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 140.23% over the past year.
NEM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.58% yearly.
Looking at the last year, NEM shows a very strong growth in Revenue. The Revenue has grown by 49.51%.
NEM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.91% yearly.
EPS 1Y (TTM)140.23%
EPS 3Y5.66%
EPS 5Y21.58%
EPS Q2Q%127.27%
Revenue 1Y (TTM)49.51%
Revenue growth 3Y15.19%
Revenue growth 5Y13.91%
Sales Q2Q%24.53%

3.2 Future

The Earnings Per Share is expected to decrease by -9.00% on average over the next years.
Based on estimates for the next years, NEM will show a decrease in Revenue. The Revenue will decrease by -5.25% on average per year.
EPS Next Y37.23%
EPS Next 2Y19.33%
EPS Next 3Y11.63%
EPS Next 5Y-9%
Revenue Next Year8.07%
Revenue Next 2Y3.59%
Revenue Next 3Y2.17%
Revenue Next 5Y-5.25%

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.
NEM Yearly Revenue VS EstimatesNEM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B 20B
NEM Yearly EPS VS EstimatesNEM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

8

4. Valuation

4.1 Price/Earnings Ratio

NEM is valuated correctly with a Price/Earnings ratio of 13.92.
Based on the Price/Earnings ratio, NEM is valued cheaply inside the industry as 87.66% of the companies are valued more expensively.
NEM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.50.
The Price/Forward Earnings ratio is 11.74, which indicates a very decent valuation of NEM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NEM indicates a somewhat cheap valuation: NEM is cheaper than 72.73% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.44. NEM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13.92
Fwd PE 11.74
NEM Price Earnings VS Forward Price EarningsNEM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NEM indicates a rather cheap valuation: NEM is cheaper than 82.47% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NEM indicates a rather cheap valuation: NEM is cheaper than 88.31% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 14.47
EV/EBITDA 7.19
NEM Per share dataNEM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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.
The excellent profitability rating of NEM may justify a higher PE ratio.
PEG (NY)0.37
PEG (5Y)0.65
EPS Next 2Y19.33%
EPS Next 3Y11.63%

4

5. Dividend

5.1 Amount

NEM has a Yearly Dividend Yield of 1.72%.
NEM's Dividend Yield is a higher than the industry average which is at 2.91.
Compared to the average S&P500 Dividend Yield of 2.34, NEM is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.72%

5.2 History

The dividend of NEM decreases each year by -5.40%.
NEM has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-5.4%
Div Incr Years0
Div Non Decr Years0
NEM Yearly Dividends per shareNEM Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

22.47% of the earnings are spent on dividend by NEM. This is a low number and sustainable payout ratio.
The Dividend Rate of NEM has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP22.47%
EPS Next 2Y19.33%
EPS Next 3Y11.63%
NEM Yearly Income VS Free CF VS DividendNEM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B
NEM Dividend Payout.NEM Dividend Payout, showing the Payout Ratio.NEM Dividend Payout.PayoutRetained Earnings

NEWMONT CORP

NYSE:NEM (7/18/2025, 8:04:00 PM)

After market: 58.28 +0.09 (+0.15%)

58.19

+0.2 (+0.34%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)04-23 2025-04-23/amc
Earnings (Next)07-24 2025-07-24/amc
Inst Owners75.44%
Inst Owner Change0.01%
Ins Owners0.07%
Ins Owner Change3.05%
Market Cap64.77B
Analysts80
Price Target69.77 (19.9%)
Short Float %1.84%
Short Ratio1.71
Dividend
Industry RankSector Rank
Dividend Yield 1.72%
Yearly Dividend1
Dividend Growth(5Y)-5.4%
DP22.47%
Div Incr Years0
Div Non Decr Years0
Ex-Date05-27 2025-05-27 (0.25)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)33.24%
Min EPS beat(2)28.27%
Max EPS beat(2)38.22%
EPS beat(4)3
Avg EPS beat(4)18.75%
Min EPS beat(4)-6.75%
Max EPS beat(4)38.22%
EPS beat(8)5
Avg EPS beat(8)11.51%
EPS beat(12)6
Avg EPS beat(12)4.48%
EPS beat(16)8
Avg EPS beat(16)2.25%
Revenue beat(2)2
Avg Revenue beat(2)7.29%
Min Revenue beat(2)6.03%
Max Revenue beat(2)8.55%
Revenue beat(4)3
Avg Revenue beat(4)4.51%
Min Revenue beat(4)-2.42%
Max Revenue beat(4)8.55%
Revenue beat(8)5
Avg Revenue beat(8)2.04%
Revenue beat(12)6
Avg Revenue beat(12)0.46%
Revenue beat(16)7
Avg Revenue beat(16)-0.56%
PT rev (1m)5.64%
PT rev (3m)25.38%
EPS NQ rev (1m)18.67%
EPS NQ rev (3m)11.53%
EPS NY rev (1m)7%
EPS NY rev (3m)18.38%
Revenue NQ rev (1m)4.18%
Revenue NQ rev (3m)3.31%
Revenue NY rev (1m)2.76%
Revenue NY rev (3m)7.61%
Valuation
Industry RankSector Rank
PE 13.92
Fwd PE 11.74
P/S 3.29
P/FCF 14.47
P/OCF 8.25
P/B 2.07
P/tB 2.27
EV/EBITDA 7.19
EPS(TTM)4.18
EY7.18%
EPS(NY)4.96
Fwd EY8.52%
FCF(TTM)4.02
FCFY6.91%
OCF(TTM)7.06
OCFY12.13%
SpS17.67
BVpS28.08
TBVpS25.69
PEG (NY)0.37
PEG (5Y)0.65
Profitability
Industry RankSector Rank
ROA 9.13%
ROE 16.22%
ROCE 13.85%
ROIC 9.63%
ROICexc 10.63%
ROICexgc 11.29%
OM 35.28%
PM (TTM) 25.77%
GM 54.43%
FCFM 22.75%
ROA(3y)0.11%
ROA(5y)2.01%
ROE(3y)0.13%
ROE(5y)3.59%
ROIC(3y)4.19%
ROIC(5y)4.42%
ROICexc(3y)4.56%
ROICexc(5y)4.97%
ROICexgc(3y)4.86%
ROICexgc(5y)5.36%
ROCE(3y)6.03%
ROCE(5y)6.37%
ROICexcg growth 3Y27.94%
ROICexcg growth 5Y23.87%
ROICexc growth 3Y29.12%
ROICexc growth 5Y24.33%
OM growth 3Y24.65%
OM growth 5Y14.78%
PM growth 3Y23.39%
PM growth 5Y-9.05%
GM growth 3Y-2.15%
GM growth 5Y2.2%
F-Score7
Asset Turnover0.35
Health
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 1.78
Debt/EBITDA 0.83
Cap/Depr 134.31%
Cap/Sales 17.17%
Interest Coverage 250
Cash Conversion 83.06%
Profit Quality 88.28%
Current Ratio 1.98
Quick Ratio 1.56
Altman-Z 2.49
F-Score7
WACC9.47%
ROIC/WACC1.02
Cap/Depr(3y)118.69%
Cap/Depr(5y)96.77%
Cap/Sales(3y)19.56%
Cap/Sales(5y)16.7%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)140.23%
EPS 3Y5.66%
EPS 5Y21.58%
EPS Q2Q%127.27%
EPS Next Y37.23%
EPS Next 2Y19.33%
EPS Next 3Y11.63%
EPS Next 5Y-9%
Revenue 1Y (TTM)49.51%
Revenue growth 3Y15.19%
Revenue growth 5Y13.91%
Sales Q2Q%24.53%
Revenue Next Year8.07%
Revenue Next 2Y3.59%
Revenue Next 3Y2.17%
Revenue Next 5Y-5.25%
EBIT growth 1Y506.64%
EBIT growth 3Y43.59%
EBIT growth 5Y30.75%
EBIT Next Year88.5%
EBIT Next 3Y22.8%
EBIT Next 5Y3.64%
FCF growth 1Y468.62%
FCF growth 3Y2.44%
FCF growth 5Y15.01%
OCF growth 1Y161.16%
OCF growth 3Y13.31%
OCF growth 5Y16.78%