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NEWMONT CORP (NEM) Stock Fundamental Analysis

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

59.9  -0.16 (-0.27%)

After market: 59.85 -0.05 (-0.08%)

Fundamental Rating

6

NEM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 154 industry peers in the Metals & Mining industry. While NEM belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. NEM scores decently on growth, while it is valued quite cheap. This could make an interesting combination. This makes NEM very considerable for value investing!


Dividend Valuation Growth Profitability Health

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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 89.61% of its industry peers.
NEM's Return On Invested Capital of 9.63% is amongst the best of the industry. NEM outperforms 85.06% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NEM is significantly below the industry average of 11.67%.
The 3 year average ROIC (4.19%) for NEM is below the current ROIC(9.63%), indicating increased profibility in the last year.
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

With an excellent Profit Margin value of 25.77%, NEM belongs to the best of the industry, outperforming 93.51% of the companies in the same industry.
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.
In the last couple of years the Operating Margin of NEM has grown nicely.
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.
In the last couple of years the Gross Margin of NEM has grown nicely.
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

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6

2. Health

2.1 Basic Checks

NEM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
NEM has less shares outstanding than it did 1 year ago.
NEM has more shares outstanding than it did 5 years ago.
The debt/assets ratio for NEM has been reduced compared to a year ago.
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

NEM has an Altman-Z score of 2.53. This is not the best score and indicates that NEM is in the grey zone with still only limited risk for bankruptcy at the moment.
NEM's Altman-Z score of 2.53 is in line compared to the rest of the industry. NEM outperforms 50.65% of its industry peers.
NEM has a debt to FCF ratio of 1.78. This is a very positive value and a sign of high solvency as it would only need 1.78 years to pay back of all of its debts.
NEM has a Debt to FCF ratio of 1.78. This is amongst the best in the industry. NEM outperforms 83.77% of its industry peers.
A Debt/Equity ratio of 0.25 indicates that NEM is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.25, NEM perfoms like the industry average, outperforming 40.91% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 1.78
Altman-Z 2.53
ROIC/WACC1.13
WACC8.49%
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.
Looking at the Current ratio, with a value of 1.98, NEM is in line with its industry, outperforming 42.21% of the companies in the same industry.
A Quick Ratio of 1.56 indicates that NEM should not have too much problems paying 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

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 140.23% over the past year.
The Earnings Per Share has been growing by 21.58% on average over the past years. This is a very strong growth
The Revenue has grown by 49.51% in the past year. This is a very strong growth!
The Revenue has been growing by 13.91% on average over the past years. This is quite good.
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

Based on estimates for the next years, NEM will show a decrease in Earnings Per Share. The EPS will decrease by -9.00% on average per year.
The Revenue is expected to decrease by -5.25% on average over the next years.
EPS Next Y28.25%
EPS Next 2Y15.08%
EPS Next 3Y9.13%
EPS Next 5Y-9%
Revenue Next Year5.17%
Revenue Next 2Y2.24%
Revenue Next 3Y1.08%
Revenue Next 5Y-5.25%

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.
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

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7

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 14.33 indicates a correct valuation of NEM.
Compared to the rest of the industry, the Price/Earnings ratio of NEM indicates a rather cheap valuation: NEM is cheaper than 87.01% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.45, NEM is valued a bit cheaper.
The Price/Forward Earnings ratio is 13.00, which indicates a correct valuation of NEM.
Based on the Price/Forward Earnings ratio, NEM is valued a bit cheaper than 65.58% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of NEM to the average of the S&P500 Index (21.90), we can say NEM is valued slightly cheaper.
Industry RankSector Rank
PE 14.33
Fwd PE 13
NEM Price Earnings VS Forward Price EarningsNEM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

NEM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NEM is cheaper than 81.82% of the companies in the same industry.
88.31% of the companies in the same industry are more expensive than NEM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 14.9
EV/EBITDA 7.4
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

The 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)0.51
PEG (5Y)0.66
EPS Next 2Y15.08%
EPS Next 3Y9.13%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.69%, NEM has a reasonable but not impressive dividend return.
NEM's Dividend Yield is a higher than the industry average which is at 2.98.
NEM's Dividend Yield is slightly below the S&P500 average, which is at 2.42.
Industry RankSector Rank
Dividend Yield 1.69%

5.2 History

The dividend of NEM decreases each year by -5.40%.
NEM has paid a dividend for at least 10 years, which is 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

NEM pays out 22.47% of its income as dividend. This is a sustainable payout ratio.
NEM's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP22.47%
EPS Next 2Y15.08%
EPS Next 3Y9.13%
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

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NEWMONT CORP

NYSE:NEM (7/3/2025, 7:53:42 PM)

After market: 59.85 -0.05 (-0.08%)

59.9

-0.16 (-0.27%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)04-23 2025-04-23/amc
Earnings (Next)07-17 2025-07-17/amc
Inst Owners75.44%
Inst Owner Change0.12%
Ins Owners0.07%
Ins Owner Change2.78%
Market Cap66.67B
Analysts80
Price Target66.83 (11.57%)
Short Float %2.2%
Short Ratio1.9
Dividend
Industry RankSector Rank
Dividend Yield 1.69%
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)1.29%
PT rev (3m)20.11%
EPS NQ rev (1m)-0.1%
EPS NQ rev (3m)23.28%
EPS NY rev (1m)-0.13%
EPS NY rev (3m)40.11%
Revenue NQ rev (1m)-1.95%
Revenue NQ rev (3m)8.87%
Revenue NY rev (1m)-0.32%
Revenue NY rev (3m)0.58%
Valuation
Industry RankSector Rank
PE 14.33
Fwd PE 13
P/S 3.39
P/FCF 14.9
P/OCF 8.49
P/B 2.13
P/tB 2.33
EV/EBITDA 7.4
EPS(TTM)4.18
EY6.98%
EPS(NY)4.61
Fwd EY7.69%
FCF(TTM)4.02
FCFY6.71%
OCF(TTM)7.06
OCFY11.78%
SpS17.67
BVpS28.08
TBVpS25.69
PEG (NY)0.51
PEG (5Y)0.66
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 2.53
F-Score7
WACC8.49%
ROIC/WACC1.13
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 Y28.25%
EPS Next 2Y15.08%
EPS Next 3Y9.13%
EPS Next 5Y-9%
Revenue 1Y (TTM)49.51%
Revenue growth 3Y15.19%
Revenue growth 5Y13.91%
Sales Q2Q%24.53%
Revenue Next Year5.17%
Revenue Next 2Y2.24%
Revenue Next 3Y1.08%
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%