Barrick Gold Corp
TSX:ABX

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Barrick Gold Corp
TSX:ABX
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Price: 24.94 CAD -0.44% Market Closed
Market Cap: 43.1B CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one ABX stock under the Base Case scenario is 41.06 CAD. Compared to the current market price of 24.94 CAD, Barrick Gold Corp is Undervalued by 39%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ABX Relative Value
Base Case
41.06 CAD
Undervaluation 39%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.3
P/S
P/S
Price to Sales
2.3
vs History
87
vs Industry
46
Median 3Y
2.6
Median 5Y
2.7
Industry
1.8
Forward
2.1
More Details
13.2
P/E
P/E
Price to Earnings
13.2
vs History
76
vs Industry
15
Median 3Y
19.9
Median 5Y
15.8
Industry
15.9
Forward
11
More Details
6.2
P/OCF
P/OCF
Price to OCF
6.2
vs History
87
vs Industry
20
Median 3Y
8
Median 5Y
7.7
Industry
9.5
More Details
21.1
P/FCFE
P/FCFE
Price to FCFE
21.1
vs History
49
vs Industry
9
Median 3Y
25.7
Median 5Y
21.2
Industry
15.8
More Details
1.3
P/B
P/B
Price to Book Value
1.3
vs History
69
vs Industry
44
Median 3Y
1.3
Median 5Y
1.4
Industry
1.6
More Details
2.4
EV/S
EV/S
Enterprise Value to Sales
2.4
vs History
85
vs Industry
46
Median 3Y
2.6
Median 5Y
2.7
Industry
2.2
Forward
2.1
More Details
5.7
EV/GP
EV/GP
Enterprise Value to Gross Profit
5.7
vs History
95
vs Industry
39
Median 3Y
8.2
Median 5Y
8
Industry
7.1
More Details
4.7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
4.7
vs History
82
vs Industry
24
Median 3Y
5.9
Median 5Y
5.7
Industry
10.1
Forward
4.3
More Details
6.4
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
6.4
vs History
93
vs Industry
21
Median 3Y
9.8
Median 5Y
9.3
Industry
12.9
Forward
5.4
More Details
6.3
EV/OCF
EV/OCF
Enterprise Value to OCF
6.3
vs History
85
vs Industry
23
Median 3Y
8.1
Median 5Y
8
Industry
10.8
More Details
18.9
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
18.9
vs History
66
vs Industry
9
Median 3Y
37.8
Median 5Y
23.8
Industry
13.8
More Details
0.7
EV/IC
EV/IC
Enterprise Value to IC
0.7
vs History
76
vs Industry
55
Median 3Y
0.8
Median 5Y
0.8
Industry
1.4
More Details

Multiples Across Competitors

ABX Competitors Multiples
Barrick Gold Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Barrick Gold Corp
TSX:ABX
42.9B CAD 2.3 13.2 4.7 6.4
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 878.3 36 967.8 20 394.1 23 403.5
ZA
Gold Fields Ltd
JSE:GFI
328.7B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
160B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
463B CNY 1.5 12.9 11 11
US
Newmont Corporation
NYSE:NEM
56.1B USD 2.9 11.1 6.3 8.5
CA
Agnico Eagle Mines Ltd
TSX:AEM
74.8B CAD 6 22.7 10 14.2
CA
Wheaton Precious Metals Corp
TSX:WPM
49.8B CAD 24.5 57.7 34.1 46
CA
Franco-Nevada Corp
TSX:FNV
42.9B CAD 25.1 49.8 28.4 36.6
RU
Polyus PAO
MOEX:PLZL
2.3T RUB 3.3 7.6 5.9 6.5
ZA
DRDGOLD Ltd
JSE:DRD
21.7B Zac 0 0 0 0
P/S Multiple
Revenue Growth P/S to Growth
CA
Barrick Gold Corp
TSX:ABX
Average P/S: 1 493
2.3
10%
0.2
RU
P
Polyus PJSC
LSE:PLZL
11 878.3
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
13%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
13%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
1.5
9%
0.2
US
Newmont Corporation
NYSE:NEM
2.9
0%
N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
6
7%
0.9
CA
Wheaton Precious Metals Corp
TSX:WPM
24.5
15%
1.6
CA
Franco-Nevada Corp
TSX:FNV
25.1
7%
3.6
RU
Polyus PAO
MOEX:PLZL
3.3
N/A N/A
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
12%
N/A
P/E Multiple
Earnings Growth PEG
CA
Barrick Gold Corp
TSX:ABX
Average P/E: 4 642.8
13.2
15%
0.9
RU
P
Polyus PJSC
LSE:PLZL
36 967.8
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
24%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
43%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
12.9
17%
0.8
US
Newmont Corporation
NYSE:NEM
11.1
13%
0.9
CA
Agnico Eagle Mines Ltd
TSX:AEM
22.7
9%
2.5
CA
Wheaton Precious Metals Corp
TSX:WPM
57.7
20%
2.9
CA
Franco-Nevada Corp
TSX:FNV
49.8
21%
2.4
RU
Polyus PAO
MOEX:PLZL
7.6
N/A N/A
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
29%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Barrick Gold Corp
TSX:ABX
Average EV/EBITDA: 2 561.8
4.7
11%
0.4
RU
P
Polyus PJSC
LSE:PLZL
20 394.1
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
18%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
19%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11
26%
0.4
US
Newmont Corporation
NYSE:NEM
6.3
4%
1.6
CA
Agnico Eagle Mines Ltd
TSX:AEM
10
4%
2.5
CA
Wheaton Precious Metals Corp
TSX:WPM
34.1
14%
2.4
CA
Franco-Nevada Corp
TSX:FNV
28.4
15%
1.9
RU
Polyus PAO
MOEX:PLZL
5.9
N/A N/A
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
34%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Barrick Gold Corp
TSX:ABX
Average EV/EBIT: 2 941.6
6.4
14%
0.5
RU
P
Polyus PJSC
LSE:PLZL
23 403.5
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
19%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
30%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11
18%
0.6
US
Newmont Corporation
NYSE:NEM
8.5
5%
1.7
CA
Agnico Eagle Mines Ltd
TSX:AEM
14.2
10%
1.4
CA
Wheaton Precious Metals Corp
TSX:WPM
46
16%
2.9
CA
Franco-Nevada Corp
TSX:FNV
36.6
13%
2.8
RU
Polyus PAO
MOEX:PLZL
6.5
N/A N/A
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
38%
N/A

See Also

Summary
ABX intrinsic value, competitors valuation, and company profile.
DCF Valuation
ABX stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ABX stock valuation using valuation multiples.
Wall Street Estimates
ABX price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ABX stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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