Barrick Gold Corporation (BC)
Find Ratings ReportsBARRICK GOLD CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. BARRICK GOLD CORP is extremely liquid. Currently, the Quick Ratio is 2.26 which clearly shows the ability to cover any short-term cash needs. GOLD managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 2.50% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 3059.0 | 2774.0 |
EBITDA ($mil) | 1066.0 | 680.0 |
EBIT ($mil) | 428.0 | 12.0 |
Net Income ($mil) | 479.0 | -735.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 4148.0 | 5385.0 |
Total Assets ($mil) | 45811.0 | 45965.0 |
Total Debt ($mil) | 5223.0 | 5250.0 |
Equity ($mil) | 23341.0 | 22771.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 39.07 | 30.21 |
EBITDA Margin | 34.84 | 24.51 |
Operating Margin | 13.99 | 0.43 |
Sales Turnover | 0.25 | 0.24 |
Return on Assets | 2.77 | 0.93 |
Return on Equity | 5.45 | 1.9 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 3.16 | 2.71 |
Debt/Capital | 0.18 | 0.19 |
Interest Expense | 92.0 | 93.0 |
Interest Coverage | 4.65 | 0.13 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 1755.57 | 1755.35 |
Div / share | 0.1 | 0.15 |
EPS | 0.27 | -0.42 |
Book value / share | 13.3 | 12.97 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1.9544408E7 | 1.752838E7 |
HOLD. This stock's P/E ratio indicates a premium compared to an average of 21.33 for the Mining (except Oil and Gas) subsector and a discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.19 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 3.13. The price-to-sales ratio is below the S&P 500 average and is well below the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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GOLD 21.89 | Peers 21.33 | GOLD 6.91 | Peers 11.36 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. GOLD is trading at a valuation on par with its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. GOLD is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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GOLD 14.33 | Peers 14.45 | GOLD 0.96 | Peers 2.19 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. GOLD is trading at a premium to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. GOLD trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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GOLD 1.19 | Peers 3.13 | GOLD 200.00 | Peers -3.47 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. GOLD is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. GOLD is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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GOLD 2.43 | Peers 4.47 | GOLD 3.48 | Peers 20.15 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. GOLD is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. GOLD significantly trails its peers on the basis of sales growth. |
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