Barrick Piotroski F Score

GOLD
 Stock
  

USD 16.45  0.07  0.42%   

This module uses fundamental data of Barrick Gold to approximate its Piotroski F score. Barrick Gold F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Barrick Gold Corp. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Barrick Gold financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Barrick Gold Altman Z Score, Barrick Gold Correlation, Barrick Gold Valuation, as well as analyze Barrick Gold Alpha and Beta and Barrick Gold Hype Analysis.
  
Barrick Gold Debt Current is projected to decrease significantly based on the last few years of reporting. The past year's Debt Current was at 15 Million. The current year Debt Non Current is expected to grow to about 6.1 B, whereas Issuance Repayment of Debt Securities is forecasted to decline to (29.1 M). Barrick Gold Debt to Equity Ratio is projected to slightly decrease based on the last few years of reporting. The past year's Debt to Equity Ratio was at 0.61. The current year Earnings per Basic Share is expected to grow to 1.23, whereas Current Ratio is forecasted to decline to 3.63.
At this time, it appears that Barrick Gold's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Barrick Gold Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Barrick Gold is to make sure Barrick is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Barrick Gold's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Barrick Gold's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted78.4 M83.8 M
Notably Down
Increasing
Stable
Weighted Average Shares1.7 B1.8 B
Notably Down
Increasing
Slightly volatile
Return on Average Assets0.04640.043
Significantly Up
Increasing
Stable
Net Cash Flow from Operations3.8 B4.4 B
Fairly Down
Decreasing
Slightly volatile
Current Liabilities2.1 B2.1 B
Fairly Up
Decreasing
Slightly volatile
Total Liabilities15 B14.6 B
Fairly Up
Decreasing
Slightly volatile
Gross Margin0.370.409
Moderately Down
Decreasing
Slightly volatile
Total Debt6.5 B5.2 B
Significantly Up
Decreasing
Slightly volatile
Asset Turnover0.260.257
Fairly Up
Decreasing
Slightly volatile
Current Assets7.9 B8.2 B
Sufficiently Down
Increasing
Slightly volatile
Total Assets40.2 B46.9 B
Fairly Down
Decreasing
Stable

Barrick Gold Corp F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Barrick Gold's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Barrick Gold in a much-optimized way.

About Barrick Gold Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

12.18

Barrick Gold Book Value per Share is projected to drop based on the last few years of reporting. The past year's Book Value per Share was at 13.41

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

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.
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada. Barrick Gold is traded on New York Stock Exchange in the United States.

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Please check Barrick Gold Altman Z Score, Barrick Gold Correlation, Barrick Gold Valuation, as well as analyze Barrick Gold Alpha and Beta and Barrick Gold Hype Analysis. You can also try Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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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.
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.