Financials Barrick Gold Corporation

Equities

ABX

CA0679011084

Gold

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
23.36 CAD +0.13% Intraday chart for Barrick Gold Corporation -0.72% -2.42%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,988 40,484 33,844 30,097 31,701 29,959 - -
Enterprise Value (EV) 1 35,210 40,451 33,714 30,439 32,279 30,589 29,801 28,392
P/E ratio 8.21 x 17.4 x 16.7 x 71.3 x 25.1 x 15.3 x 11.8 x 11.8 x
Yield 1.08% 1.45% 1.95% 3.8% 2.22% 2.51% 3.19% 3.88%
Capitalization / Revenue 3.39 x 3.21 x 2.82 x 2.73 x 2.78 x 2.36 x 2.12 x 2.13 x
EV / Revenue 3.62 x 3.21 x 2.81 x 2.76 x 2.83 x 2.41 x 2.1 x 2.02 x
EV / EBITDA 7.29 x 5.4 x 4.65 x 5.42 x 5.9 x 5.1 x 4.14 x 3.89 x
EV / FCF 31.1 x 12 x 17.4 x 70.5 x 50 x 27.2 x 16.6 x 11.7 x
FCF Yield 3.22% 8.31% 5.76% 1.42% 2% 3.68% 6.02% 8.57%
Price to Book 1.52 x 1.73 x 1.42 x 1.32 x 1.36 x 1.24 x 1.18 x 1.16 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 17.06 17.06 17.06
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 12,715 14,159 14,046
EBITDA 1 4,833 7,492 7,258 5,613 5,474 5,998 7,204 7,293
EBIT 1 2,801 5,284 5,156 3,616 3,431 4,068 5,368 4,986
Operating Margin 28.83% 41.95% 43.02% 32.83% 30.1% 31.99% 37.91% 35.5%
Earnings before Tax (EBT) 1 6,357 4,946 4,632 1,681 2,814 4,198 5,397 5,136
Net income 1 3,969 2,324 2,022 432 1,272 1,908 2,578 2,534
Net margin 40.85% 18.45% 16.87% 3.92% 11.16% 15.01% 18.21% 18.04%
EPS 2 2.260 1.310 1.140 0.2400 0.7200 1.117 1.443 1.446
Free Cash Flow 1 1,132 3,363 1,943 432 646 1,126 1,794 2,432
FCF margin 11.65% 26.7% 16.21% 3.92% 5.67% 8.85% 12.67% 17.31%
FCF Conversion (EBITDA) 23.42% 44.89% 26.77% 7.7% 11.8% 18.77% 24.91% 33.35%
FCF Conversion (Net income) 28.52% 144.71% 96.09% 100% 50.79% 59% 69.62% 95.98%
Dividend per Share 2 0.2000 0.3300 0.3700 0.6500 0.4000 0.4278 0.5438 0.6629
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 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 2025 Q1
Net sales 1 2,826 3,310 2,853 2,859 2,527 2,774 2,643 2,833 2,862 3,059 2,743 3,243 3,578 3,717 3,602
EBITDA 1 1,669 2,070 1,645 1,527 1,155 1,286 1,183 1,368 1,464 1,459 1,220 1,529 1,781 1,853 1,997
EBIT 1 1,131 1,513 1,185 1,051 698 682 688 888 960 895 701.5 1,090 1,352 1,456 1,365
Operating Margin 40.02% 45.71% 41.54% 36.76% 27.62% 24.59% 26.03% 31.34% 33.54% 29.26% 25.57% 33.62% 37.79% 39.19% 37.9%
Earnings before Tax (EBT) 1 935 1,456 1,007 996 625 -947 474 766 803 771 671 1,010 1,358 1,450 1,400
Net income 1 347 726 - - - -735 120 305 368 479 269.1 478.2 562.9 617.1 644.9
Net margin 12.28% 21.93% - - - -26.5% 4.54% 10.77% 12.86% 15.66% 9.81% 14.75% 15.73% 16.6% 17.9%
EPS 2 0.2000 0.4100 0.2500 0.2700 0.1400 -0.4200 0.0700 0.1700 0.2100 0.2700 0.1545 0.2668 0.3074 0.3502 0.3437
Dividend per Share 2 0.0900 0.1000 0.1000 0.2000 0.2000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1250 0.1500 0.1750
Announcement Date 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 2/14/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,222 - - 342 578 630 - -
Net Cash position 1 - 33 130 - - - 158 1,566
Leverage (Debt/EBITDA) 0.4598 x - - 0.0609 x 0.1056 x 0.105 x - -
Free Cash Flow 1 1,132 3,363 1,943 432 646 1,126 1,795 2,432
ROE (net income / shareholders' equity) 6.22% 9.12% 8.75% 5.69% 5.52% 7.51% 9.09% 8.59%
ROA (Net income/ Total Assets) 11.8% 5.11% 4.42% 2.86% 2.77% 3.6% 5.1% 6.1%
Assets 1 33,511 45,449 45,726 15,126 45,921 53,006 50,544 41,541
Book Value Per Share 2 12.20 13.10 13.40 13.00 13.30 13.70 14.40 14.70
Cash Flow per Share 2 1.610 3.050 2.460 1.970 2.130 2.510 2.980 3.010
Capex 1 1,701 2,054 2,435 3,049 3,086 3,184 3,178 3,345
Capex / Sales 17.51% 16.31% 20.32% 27.69% 27.08% 25.04% 22.45% 23.82%
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
OUTPERFORM
Number of Analysts
23
Last Close Price
17.06 USD
Average target price
21.01 USD
Spread / Average Target
+23.14%
Consensus
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