Newmont Corporation
NYSE:NEM
Intrinsic Value
Newmont Corp. is a gold producer, engages in the exploration and acquisition of gold properties, contains copper, silver, lead, zinc or other metals. [ Read More ]
The intrinsic value of one NEM stock under the Base Case scenario is 41.5 USD. Compared to the current market price of 34.42 USD, Newmont Corporation is Undervalued by 17%.
Valuation Backtest
Newmont Corporation
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Fundamental Analysis
Newmont Capital Strategy and Shareholder Returns
2023-Q4 Earnings Call
Newmont Corporation is committed to an efficient, strategy-aligned capital allocation approach, planning to spend an average of $1.2 billion annually on development capital for a robust pipeline of gold and copper projects. The company's capital allocation strategy focuses on maintaining financial flexibility, sustaining investments, and shareholder returns. Their priorities include managing a strong balance sheet with a maximum of $8 billion in debt and $3 billion in cash, and investing an average of $1.3 billion in high-return projects over five years. The shareholder return framework starts with a consistent $1 per share annualized base dividend and includes a $1 billion share repurchase program, with a capital return approach weighted towards the latter half of the year.
Balance Sheet Decomposition
Newmont Corporation
Current Assets | 7.5B |
Cash & Short-Term Investments | 3B |
Receivables | 1.2B |
Other Current Assets | 3.3B |
Non-Current Assets | 48.1B |
Long-Term Investments | 4.1B |
PP&E | 37.6B |
Intangibles | 3B |
Other Non-Current Assets | 3.3B |
Current Liabilities | 6B |
Accounts Payable | 960m |
Accrued Liabilities | 551m |
Other Current Liabilities | 4.5B |
Non-Current Liabilities | 20.5B |
Long-Term Debt | 7.4B |
Other Non-Current Liabilities | 13.1B |
Earnings Waterfall
Newmont Corporation
Revenue
|
11.8B
USD
|
Cost of Revenue
|
-6.7B
USD
|
Gross Profit
|
5.1B
USD
|
Operating Expenses
|
-4.4B
USD
|
Operating Income
|
743m
USD
|
Other Expenses
|
-3.2B
USD
|
Net Income
|
-2.5B
USD
|
Free Cash Flow Analysis
Newmont Corporation
What is Free Cash Flow?
NEM Profitability Score
Profitability Due Diligence
Newmont Corporation's profitability score is 50/100. The higher the profitability score, the more profitable the company is.
Score
Newmont Corporation's profitability score is 50/100. The higher the profitability score, the more profitable the company is.
NEM Solvency Score
Solvency Due Diligence
Newmont Corporation's solvency score is 51/100. The higher the solvency score, the more solvent the company is.
Score
Newmont Corporation's solvency score is 51/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
NEM Price Targets Summary
Newmont Corporation
According to Wall Street analysts, the average 1-year price target for NEM is 47.41 USD with a low forecast of 33.64 USD and a high forecast of 73.5 USD.
Ownership
NEM Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
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Shareholder Return
NEM Price
Newmont Corporation
Average Annual Return | 17.03% |
Standard Deviation of Annual Returns | 29.7% |
Max Drawdown | -64% |
Market Capitalization | 39.7B USD |
Shares Outstanding | 1 152 790 016 |
Percentage of Shares Shorted | 2.16% |
NEM News
Last Important Events
Newmont Corporation
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Newmont Corporation
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Newmont Corp. is a gold producer, engages in the exploration and acquisition of gold properties, contains copper, silver, lead, zinc or other metals. The company is headquartered in Denver, Colorado and currently employs 14,400 full-time employees. The firm is also engaged in the production of copper, silver, lead and zinc. The company operates through five segments: North America, South America, Australia, Africa and Nevada. The Company’s North America segment consists primarily of Cripple Creek & Victor (CC&V) in the United States of America, Musselwhite, Porcupine and Eleonore in Canada and Penasquito in Mexico. Its South America segment consists primarily of Yanacocha in Peru, Merian in Suriname, Cerro Negro in Argentina and has interest in the Pueblo Viejo mine in the Dominican Republic. The Company’s Australia segment consists primarily of Boddington and Tanami in Australia. Its Africa segment consists primarily of Ahafo and Akyem in Ghana. The Company’s Nevada segment included Carlin, Phoenix, Twin Creeks and Long Canyon in the United States. The firm has a gold reserve of approximately 92.8 million ounces, measured and indicated gold resources of over 68.3 million ounces.
Contact
IPO
Employees
Officers
The intrinsic value of one NEM stock under the Base Case scenario is 41.5 USD.
Compared to the current market price of 34.42 USD, Newmont Corporation is Undervalued by 17%.