Financials Barrick Gold Corporation

Equities

ABX

CA0679011084

Gold

Market Closed - Toronto S.E. 04:52:06 2024-05-28 pm EDT 5-day change 1st Jan Change
23.8 CAD +0.68% Intraday chart for Barrick Gold Corporation -2.10% -0.58%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,988 40,484 33,844 30,097 31,701 30,639 - -
Enterprise Value (EV) 1 35,210 40,451 33,714 30,439 32,279 31,178 30,732 30,887
P/E ratio 8.21 x 17.4 x 16.7 x 71.3 x 25.1 x 16.5 x 13.1 x 12.7 x
Yield 1.08% 1.45% 1.95% 3.8% 2.22% 2.35% 2.66% 3.31%
Capitalization / Revenue 3.39 x 3.21 x 2.82 x 2.73 x 2.78 x 2.41 x 2.17 x 2.17 x
EV / Revenue 3.62 x 3.21 x 2.81 x 2.76 x 2.83 x 2.45 x 2.17 x 2.19 x
EV / EBITDA 7.29 x 5.4 x 4.65 x 5.42 x 5.9 x 5.21 x 4.26 x 4.4 x
EV / FCF 31.1 x 12 x 17.4 x 70.5 x 50 x 27.2 x 15.3 x 12.6 x
FCF Yield 3.22% 8.31% 5.76% 1.42% 2% 3.68% 6.54% 7.91%
Price to Book 1.52 x 1.73 x 1.42 x 1.32 x 1.36 x 1.25 x 1.17 x 1.12 x
Nbr of stocks (in thousands) 1,777,782 1,778,126 1,779,286 1,758,285 1,755,523 1,755,636 - -
Reference price 2 18.56 22.77 19.02 17.12 18.06 17.45 17.45 17.45
Announcement Date 2/12/20 2/18/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,717 12,595 11,985 11,013 11,397 12,721 14,140 14,104
EBITDA 1 4,833 7,492 7,258 5,613 5,474 5,986 7,215 7,024
EBIT 1 2,801 5,284 5,156 3,616 3,431 4,128 5,287 4,771
Operating Margin 28.83% 41.95% 43.02% 32.83% 30.1% 32.45% 37.39% 33.83%
Earnings before Tax (EBT) 1 6,357 4,946 4,632 1,681 2,814 4,112 5,235 5,426
Net income 1 3,969 2,324 2,022 432 1,272 1,925 2,647 2,530
Net margin 40.85% 18.45% 16.87% 3.92% 11.16% 15.13% 18.72% 17.94%
EPS 2 2.260 1.310 1.140 0.2400 0.7200 1.055 1.335 1.372
Free Cash Flow 1 1,132 3,363 1,943 432 646 1,147 2,009 2,442
FCF margin 11.65% 26.7% 16.21% 3.92% 5.67% 9.02% 14.21% 17.31%
FCF Conversion (EBITDA) 23.42% 44.89% 26.77% 7.7% 11.8% 19.17% 27.84% 34.76%
FCF Conversion (Net income) 28.52% 144.71% 96.09% 100% 50.79% 59.6% 75.89% 96.5%
Dividend per Share 2 0.2000 0.3300 0.3700 0.6500 0.4000 0.4102 0.4643 0.5771
Announcement Date 2/12/20 2/18/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q1 2025 Q2
Net sales 1 3,310 2,853 2,859 2,527 2,774 2,643 2,833 2,862 3,059 2,747 3,217 3,552 3,796 3,653 3,534
EBITDA 1 2,070 1,645 1,527 1,155 1,286 1,183 1,368 1,464 1,459 1,266 1,552 1,821 1,908 2,021 2,017
EBIT 1 1,513 1,185 1,051 698 682 688 888 960 895 792 1,138 1,381 1,553 1,396 1,412
Operating Margin 45.71% 41.54% 36.76% 27.62% 24.59% 26.03% 31.34% 33.54% 29.26% 28.83% 35.37% 38.88% 40.92% 38.21% 39.97%
Earnings before Tax (EBT) 1 1,456 1,007 996 625 -947 474 766 803 771 661 1,125 1,310 1,490 1,400 -
Net income 1 726 - - - -735 120 305 368 479 295 462.5 578.9 658.2 683.4 645
Net margin 21.93% - - - -26.5% 4.54% 10.77% 12.86% 15.66% 10.74% 14.38% 16.3% 17.34% 18.71% 18.25%
EPS 2 0.4100 0.2500 0.2700 0.1400 -0.4200 0.0700 0.1700 0.2100 0.2700 0.1700 0.2540 0.2922 0.3348 0.3746 0.3336
Dividend per Share 2 0.1000 0.1000 0.2000 0.2000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000
Announcement Date 2/16/22 5/4/22 8/8/22 11/3/22 2/15/23 5/3/23 8/8/23 11/2/23 2/14/24 5/1/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,222 - - 342 578 539 93.1 247
Net Cash position 1 - 33 130 - - - - -
Leverage (Debt/EBITDA) 0.4598 x - - 0.0609 x 0.1056 x 0.09 x 0.0129 x 0.0352 x
Free Cash Flow 1 1,132 3,363 1,943 432 646 1,147 2,009 2,442
ROE (net income / shareholders' equity) 6.22% 9.12% 8.75% 5.69% 5.52% 7.59% 8.68% 7.66%
ROA (Net income/ Total Assets) 11.8% 5.11% 4.42% 2.86% 2.77% 3.6% 5.1% 4.05%
Assets 1 33,511 45,449 45,726 15,126 45,921 53,471 51,906 62,474
Book Value Per Share 2 12.20 13.10 13.40 13.00 13.30 14.00 14.90 15.50
Cash Flow per Share 2 1.610 3.050 2.460 1.970 2.130 2.540 2.980 3.060
Capex 1 1,701 2,054 2,435 3,049 3,086 3,109 3,104 3,338
Capex / Sales 17.51% 16.31% 20.32% 27.69% 27.08% 24.44% 21.95% 23.67%
Announcement Date 2/12/20 2/18/21 2/16/22 2/15/23 2/14/24 - - -
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
BUY
Number of Analysts
23
Last Close Price
17.45 USD
Average target price
21.63 USD
Spread / Average Target
+23.95%
Consensus
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