Financials Barrick Gold Corporation

Equities

ABX

CA0679011084

Gold

Market Closed - Toronto Stock Exchange 04:00:00 2023-12-08 pm EST Intraday chart for Barrick Gold Corporation 5-day change 1st Jan Change
22.83 CAD -2.52% -4.64% -1.64%

Valuation

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 15 756 32 988 40 484 33 844 30 097 29 492 - -
Enterprise Value (EV) 1 19 923 35 210 40 451 33 714 30 439 30 026 29 587 28 807
P/E ratio -10,2x 8,21x 17,4x 16,7x 71,3x 20,2x 16,0x 15,2x
Yield 1,19% 1,08% 1,45% 1,95% 3,80% 2,40% 2,51% 3,44%
Capitalization / Revenue 2,18x 3,39x 3,21x 2,82x 2,73x 2,60x 2,35x 2,33x
EV / Revenue 2,75x 3,62x 3,21x 2,81x 2,76x 2,65x 2,36x 2,28x
EV / EBITDA 6,47x 7,29x 5,40x 4,65x 5,42x 5,74x 4,64x 4,50x
EV / FCF 54,6x 31,1x 12,0x 17,4x 70,5x 33,6x 16,3x 12,9x
FCF Yield 1,83% 3,22% 8,31% 5,76% 1,42% 2,97% 6,12% 7,73%
Price to Book 2,07x 1,52x 1,73x 1,42x 1,32x 1,26x 1,17x 1,11x
Nbr of stocks (in thousands) 1 167 593 1 777 782 1 778 126 1 779 286 1 758 285 1 755 523 - -
Reference price 2 13,5 18,6 22,8 19,0 17,1 16,8 16,8 16,8
Announcement Date 2/13/19 2/12/20 2/18/21 2/16/22 2/15/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 7 243 9 717 12 595 11 985 11 013 11 339 12 561 12 639
EBITDA 1 3 080 4 833 7 492 7 258 5 613 5 228 6 376 6 396
EBIT 1 1 623 2 801 5 284 5 156 3 616 3 163 4 214 3 924
Operating Margin 22,4% 28,8% 42,0% 43,0% 32,8% 27,9% 33,5% 31,0%
Earnings before Tax (EBT) 1 -237 6 357 4 946 4 632 1 681 2 904 3 887 3 976
Net income 1 -1 545 3 969 2 324 2 022 432 1 301 1 875 1 857
Net margin -21,3% 40,8% 18,5% 16,9% 3,92% 11,5% 14,9% 14,7%
EPS 2 -1,32 2,26 1,31 1,14 0,24 0,83 1,05 1,11
Free Cash Flow 1 365 1 132 3 363 1 943 432 893 1 811 2 227
FCF margin 5,04% 11,6% 26,7% 16,2% 3,92% 7,87% 14,4% 17,6%
FCF Conversion (EBITDA) 11,9% 23,4% 44,9% 26,8% 7,70% 17,1% 28,4% 34,8%
FCF Conversion (Net income) - 28,5% 145% 96,1% 100% 68,6% 96,6% 120%
Dividend per Share 2 0,16 0,20 0,33 0,37 0,65 0,40 0,42 0,58
Announcement Date 2/13/19 2/12/20 2/18/21 2/16/22 2/15/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : December 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 2 893 2 826 3 310 2 853 2 859 2 527 2 774 2 643 2 833 2 862 3 081 2 923 3 135 3 293 3 389
EBITDA 1 1 719 1 669 2 070 1 645 1 527 1 155 1 286 1 183 1 368 1 464 1 601 1 599 1 683 1 769 1 864
EBIT 1 1 219 1 131 1 513 1 185 1 051 698 682 688 888 960 980 1 023 1 151 1 245 1 244
Operating Margin 42,1% 40,0% 45,7% 41,5% 36,8% 27,6% 24,6% 26,0% 31,3% 33,5% 31,8% 35,0% 36,7% 37,8% 36,7%
Earnings before Tax (EBT) 1 1 128 935 1 456 1 007 996 625 -947 474 766 803 967 789 1 067 993 1 023
Net income 1 411 347 726 - - - -735 120 305 368 408 387 462 477 364
Net margin 14,2% 12,3% 21,9% - - - -26,5% 4,54% 10,8% 12,9% 13,3% 13,2% 14,7% 14,5% 10,7%
EPS 2 0,23 0,20 0,41 0,25 0,27 0,14 -0,42 0,07 0,17 0,21 0,24 0,23 0,25 0,25 0,21
Dividend per Share 2 0,09 0,09 0,10 0,10 0,20 0,20 0,10 0,10 0,10 - 0,10 0,10 0,10 0,10 0,15
Announcement Date 8/9/21 11/4/21 2/16/22 5/4/22 8/8/22 11/3/22 2/15/23 5/3/23 8/8/23 11/2/23 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 4 167 2 222 - - 342 533 94,6 -
Net Cash position 1 - - 33,0 130 - - - 685
Leverage (Debt/EBITDA) 1,35x 0,46x - - 0,06x 0,10x 0,01x -
Free Cash Flow 1 365 1 132 3 363 1 943 432 893 1 811 2 227
ROE (net income / shareholders' equity) 4,85% 6,22% 9,12% 8,75% 5,69% 5,88% 7,38% 6,80%
Shareholders' equity 1 -31 880 63 859 25 478 23 109 7 595 22 136 25 403 27 317
ROA (Net income/ Total Assets) 1,71% 11,8% 5,11% 4,42% 2,86% 3,00% 3,25% 3,30%
Assets 1 -90 545 33 511 45 449 45 726 15 126 43 369 57 687 56 273
Book Value Per Share 2 6,51 12,2 13,1 13,4 13,0 13,3 14,3 15,1
Cash Flow per Share 2 1,51 1,61 3,05 2,46 1,97 2,23 2,67 2,78
Capex 1 1 400 1 701 2 054 2 435 3 049 2 693 2 757 2 559
Capex / Sales 19,3% 17,5% 16,3% 20,3% 27,7% 23,8% 21,9% 20,2%
Announcement Date 2/13/19 2/12/20 2/18/21 2/16/22 2/15/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating :
Investor Rating :
ESG Refinitiv :
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
16.8USD
Average target price
20.97USD
Spread / Average Target
+24.80%
Consensus
1st Jan change Capi.
-1.64% 29 492 M $
-17.20% 45 041 M $
-1.44% 25 419 M $
+21.53% 21 431 M $
-.--% 12 343 M $
+15.49% 9 509 M $
+4.85% 7 764 M $
-10.56% 7 325 M $
+41.30% 7 047 M $
+36.67% 5 457 M $
Gold Mining
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