Barrick Fundamentals

GOLD
 Stock
  

USD 16.86  0.03  0.18%   

Barrick Gold Corp fundamentals help investors to digest information that contributes to Barrick Gold's financial success or failures. It also enables traders to predict the movement of Barrick Stock. The fundamental analysis module provides a way to measure Barrick Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Barrick Gold stock.
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Barrick Gold Earning Before Interest and Taxes EBIT is projected to increase significantly based on the last few years of reporting. The past year's Earning Before Interest and Taxes EBIT was at 3.72 Billion. The current year Interest Expense is expected to grow to about 488.6 M, whereas Gross Profit is forecasted to decline to about 4.4 B.

Barrick Operating Margin Analysis

Barrick Gold's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
 2019 2020 2021 2022 (projected)
Interest Expense469 M347 M355 M488.63 M
Gross Profit2.81 B5.18 B4.9 B4.38 B
Operating Margin 
 = 
Operating Income 
Revenue 
X
100 
More About Operating Margin | All Equity Analysis

Current Barrick Gold Operating Margin

    
  0.33 %  
Most of Barrick Gold's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Barrick Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
Compare to competition

Barrick EBITDA Margin

EBITDA Margin

0.42

Barrick Gold EBITDA Margin is projected to increase slightly based on the last few years of reporting. The past year's EBITDA Margin was at 0.49
Based on the recorded statements, Barrick Gold Corp has an Operating Margin of 0.3301%. This is 122.61% lower than that of the Metals & Mining sector and 95.72% lower than that of the Materials industry. The operating margin for all United States stocks is 105.99% lower than that of the firm.

Barrick Gold Corp Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Barrick Gold's current stock value. Our valuation model uses many indicators to compare Barrick Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Barrick Gold competition to find correlations between indicators driving Barrick Gold's intrinsic value. More Info.
Barrick Gold Corp is one of the top stocks in shares owned by institutions category among related companies. It is one of the top stocks in working capital category among related companies reporting about  6,129,861  of Working Capital per Shares Owned by Institutions. Barrick Gold Working Capital is projected to increase significantly based on the last few years of reporting. The past year's Working Capital was at 6.16 Billion. Comparative valuation analysis is a catch-all model that can be used if you cannot value Barrick Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Barrick Gold's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Barrick Gold's earnings, one of the primary drivers of an investment's value.

Barrick Revenue Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Barrick Gold's direct or indirect competition against its Revenue to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Barrick Gold could also be used in its relative valuation, which is a method of valuing Barrick Gold by comparing valuation metrics of similar companies.
Barrick Gold is currently under evaluation in revenue category among related companies.

Barrick Gold Current Valuation Drivers

We derive many important indicators used in calculating different scores of Barrick Gold from analyzing Barrick Gold's financial statements. These drivers represent accounts that assess Barrick Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Barrick Gold's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets25.65 B24.32 B33.51 B45.45 B46.73 B40.05 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA5.01 B1.66 B8.25 B6.21 B5.82 B4.78 B
Earnings Before Interest Taxes and Depreciation Amortization USD5.01 B1.66 B8.25 B6.21 B5.82 B4.78 B
Earnings before Tax2.67 B(347 M)5.75 B3.66 B3.37 B3.63 B
Average Equity9.28 B8.83 B14.51 B22.39 B23.71 B18.96 B
Enterprise Value21.29 B19.84 B35.72 B40.92 B33.92 B31.23 B
Free Cash Flow669 M365 M1.13 B3.36 B1.94 B2.1 B
Invested Capital26.16 B23.73 B39.24 B39.31 B39.76 B36.01 B
Invested Capital Average26.86 B25.16 B31.48 B39.28 B39.62 B35.97 B
Market Capitalization16.87 B15.8 B32.57 B40.5 B33.81 B32.38 B
Tangible Asset Value23.72 B21.23 B39.4 B41.57 B41.97 B40.69 B
Working Capital2.94 B2.31 B4.51 B5.92 B6.16 B5.37 B

Barrick Gold ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Barrick Gold's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Barrick Gold's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Barrick Fundamentals

About Barrick Gold Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Barrick Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Barrick Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Barrick Gold Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Cost of Revenue7.1 B6.5 B
Revenues12 B10.9 B

Barrick Gold Investors Sentiment

The influence of Barrick Gold's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Barrick. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Barrick Gold's public news can be used to forecast risks associated with investment in Barrick. The trend in average sentiment can be used to explain how an investor holding Barrick can time the market purely based on public headlines and social activities around Barrick Gold Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Barrick Gold's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Barrick Gold's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Barrick Gold's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Barrick Gold.

Barrick Gold Implied Volatility

    
  86.3  
Barrick Gold's implied volatility exposes the market's sentiment of Barrick Gold Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Barrick Gold's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Barrick Gold stock will not fluctuate a lot when Barrick Gold's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Barrick Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Barrick Gold's short interest history, or implied volatility extrapolated from Barrick Gold options trading.

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Please check Barrick Gold Piotroski F Score and Barrick Gold Altman Z Score analysis. You can also try Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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Is Barrick Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Barrick Gold. If investors know Barrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Barrick Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.30) 
Market Capitalization
29.9 B
Quarterly Revenue Growth YOY
(0.11) 
Return On Assets
0.0512
Return On Equity
0.0927
The market value of Barrick Gold Corp is measured differently than its book value, which is the value of Barrick that is recorded on the company's balance sheet. Investors also form their own opinion of Barrick Gold's value that differs from its market value or its book value, called intrinsic value, which is Barrick Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Barrick Gold's market value can be influenced by many factors that don't directly affect Barrick Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Barrick Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine Barrick Gold value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.