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NEWMONT CORP (NEM) Stock Fundamental Analysis

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

53.65  +1 (+1.9%)

After market: 53.6986 +0.05 (+0.09%)

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. NEM has an excellent profitability rating, but there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on NEM. With these ratings, NEM could be worth investigating further 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.
The reported net income has been mixed in the past 5 years: NEM reported negative net income in multiple years.
In the past 5 years NEM always reported a positive cash flow from operatings.
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

The Return On Assets of NEM (9.13%) is better than 88.31% of its industry peers.
With an excellent Return On Equity value of 16.22%, NEM belongs to the best of the industry, outperforming 88.96% of the companies in the same industry.
NEM's Return On Invested Capital of 9.63% is amongst the best of the industry. NEM outperforms 84.42% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NEM is below the industry average of 8.82%.
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

The Profit Margin of NEM (25.77%) is better than 92.86% of its industry peers.
In the last couple of years the Profit Margin of NEM has declined.
Looking at the Operating Margin, with a value of 35.28%, NEM belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
NEM's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 54.43%, NEM belongs to the top 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

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NEM is destroying value.
Compared to 1 year ago, NEM has less shares outstanding
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 2.33. 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 2.33 is in line compared to the rest of the industry. NEM outperforms 52.60% 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's Debt to FCF ratio of 1.78 is amongst the best of the industry. NEM outperforms 82.47% of its industry peers.
NEM has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
NEM has a Debt to Equity ratio of 0.25. This is comparable to the rest of the industry: NEM outperforms 42.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 1.78
Altman-Z 2.33
ROIC/WACC1
WACC9.66%
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 43.51% of the companies in the same industry.
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.
Looking at the Quick ratio, with a value of 1.56, NEM is in line with its industry, outperforming 51.95% of the companies in the same 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

NEM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 140.23%, which is quite impressive.
Measured over the past years, NEM shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.58% on average per year.
Looking at the last year, NEM shows a very strong growth in Revenue. The Revenue has grown by 49.51%.
Measured over the past years, NEM shows a quite strong growth in Revenue. The Revenue has been growing by 13.91% on average per year.
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 small growth in Earnings Per Share. The EPS will grow by 3.54% on average per year.
NEM is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -5.25% yearly.
EPS Next Y28.42%
EPS Next 2Y12.86%
EPS Next 3Y8.07%
EPS Next 5Y3.54%
Revenue Next Year5.51%
Revenue Next 2Y1.5%
Revenue Next 3Y0.86%
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 5

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8

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 12.83, the valuation of NEM can be described as correct.
Based on the Price/Earnings ratio, NEM is valued cheaper than 89.61% of the companies in the same industry.
NEM is valuated cheaply when we compare the Price/Earnings ratio to 25.82, which is the current average of the S&P500 Index.
NEM is valuated correctly with a Price/Forward Earnings ratio of 12.10.
Based on the Price/Forward Earnings ratio, NEM is valued a bit cheaper than 70.13% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of NEM to the average of the S&P500 Index (21.76), we can say NEM is valued slightly cheaper.
Industry RankSector Rank
PE 12.83
Fwd PE 12.1
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 87.01% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.34
EV/EBITDA 6.54
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)0.45
PEG (5Y)0.59
EPS Next 2Y12.86%
EPS Next 3Y8.07%

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4

5. Dividend

5.1 Amount

NEM has a Yearly Dividend Yield of 1.90%.
NEM's Dividend Yield is a higher than the industry average which is at 3.00.
NEM's Dividend Yield is comparable with the S&P500 average which is at 2.36.
Industry RankSector Rank
Dividend Yield 1.9%

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

22.47% of the earnings are spent on dividend by NEM. This is a low number and sustainable payout ratio.
DP22.47%
EPS Next 2Y12.86%
EPS Next 3Y8.07%
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 (5/23/2025, 8:40:22 PM)

After market: 53.6986 +0.05 (+0.09%)

53.65

+1 (+1.9%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)04-23 2025-04-23/amc
Earnings (Next)07-22 2025-07-22/amc
Inst Owners73.84%
Inst Owner Change0.18%
Ins Owners0.08%
Ins Owner Change2.2%
Market Cap59.71B
Analysts80
Price Target65.98 (22.98%)
Short Float %1.67%
Short Ratio1.38
Dividend
Industry RankSector Rank
Dividend Yield 1.9%
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)18.58%
PT rev (3m)18.65%
EPS NQ rev (1m)-5.92%
EPS NQ rev (3m)-0.15%
EPS NY rev (1m)10.79%
EPS NY rev (3m)12.99%
Revenue NQ rev (1m)1.13%
Revenue NQ rev (3m)4.21%
Revenue NY rev (1m)5.07%
Revenue NY rev (3m)-0.04%
Valuation
Industry RankSector Rank
PE 12.83
Fwd PE 12.1
P/S 3.04
P/FCF 13.34
P/OCF 7.6
P/B 1.91
P/tB 2.09
EV/EBITDA 6.54
EPS(TTM)4.18
EY7.79%
EPS(NY)4.43
Fwd EY8.26%
FCF(TTM)4.02
FCFY7.49%
OCF(TTM)7.06
OCFY13.15%
SpS17.67
BVpS28.08
TBVpS25.69
PEG (NY)0.45
PEG (5Y)0.59
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 2.33
F-Score7
WACC9.66%
ROIC/WACC1
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 Y28.42%
EPS Next 2Y12.86%
EPS Next 3Y8.07%
EPS Next 5Y3.54%
Revenue 1Y (TTM)49.51%
Revenue growth 3Y15.19%
Revenue growth 5Y13.91%
Sales Q2Q%24.53%
Revenue Next Year5.51%
Revenue Next 2Y1.5%
Revenue Next 3Y0.86%
Revenue Next 5Y-5.25%
EBIT growth 1Y506.64%
EBIT growth 3Y43.59%
EBIT growth 5Y30.75%
EBIT Next Year68.24%
EBIT Next 3Y19.81%
EBIT Next 5Y6.02%
FCF growth 1Y468.62%
FCF growth 3Y2.44%
FCF growth 5Y15.01%
OCF growth 1Y161.16%
OCF growth 3Y13.31%
OCF growth 5Y16.78%