Newmont Corporation - NYSE:NEM - Comprehensive analysis
We are removing Newmont, which has no economic moat, from our Best Ideas list following recent gains in its share price. These gains were primarily driven by a 22% increase in gold prices since Newmont was included as a Best Idea in November 2023. Although recent sales volumes have been weak, we anticipate an improvement, which should help reduce elevated unit cash costs and enhance its position within the middle of the gold industry cost curve. Currently, the shares are approximately 6% undervalued, and we believe there are more attractive investment opportunities available.
Free evaluation through quantitative algorithms Newmont Corporation - NYSE:NEM
Growth-Scoring Model Detail
Total Revenue Growth Over Prior Year | 59 | Market 100 Sector 98 |
Gross Profit Growth Over Prior Year | 163 | Market 100 Sector 97 |
EBITDA Growth Over Prior Year | 190 | Market 100 Sector 98 |
EBITA Growth Over Prior Year | 560 | Market 100 Sector 99 |
EBIT Growth Over Prior Year | 735 | Market 100 Sector 99 |
Earnings from Cont. Ops. Growth Over Prior Year | 0 | Market 0 Sector 0 |
Net Income Growth Over Prior Year | 0 | Market 0 Sector 0 |
Normalized Net Income Growth Over Prior Year | 891 | Market 100 Sector 100 |
Diluted EPS before Extra Growth Over Prior Year | 0 | Market 0 Sector 0 |
A/R Growth Over Prior Year | 43.9 | Market 97 Sector 94 |
Inventory Growth Over Prior Year | -17.34 | Market 5 Sector 11 |
PPE Net Growth Over Prior Year | -10.69 | Market 6 Sector 10 |
Total Assets Growth Over Prior Year | 1.52 | Market 42 Sector 67 |
Tangible Book Value Growth Over Prior Year | 4.78 | Market 41 Sector 54 |
Common Equity Growth Over Prior Year | 3.1 | Market 43 Sector 58 |
Cash from Ops. Growth Over Prior Year | 131 | Market 99 Sector 95 |
CAPEX Growth Over Prior Year | 27.6 | Market 85 Sector 79 |
Dividend per Share Growth Over Prior Year | -31.03 | Market 2 Sector 7 |
Levered Free Cash Flow Growth Over Prior Year | 0 | Market 0 Sector 0 |
Unlevered Free Cash Flow Growth Over Prior Year | 0 | Market 0 Sector 0 |
Profitability-Scoring Model Detail
Gross Margin % | 51 | Market 62 Sector 95 |
SG&A Margin % | 2.37 | Market 16 Sector 10 |
EBITDA Margin % | 47.4 | Market 87 Sector 99 |
EBITA Margin % | 33.6 | Market 86 Sector 97 |
EBIT Margin % | 31.6 | Market 85 Sector 97 |
Earnings from Cont. Ops Margin % | 17.73 | Market 70 Sector 91 |
Net Income Margin % | 17.92 | Market 70 Sector 91 |
Net Income Avail. for Common Margin % | 17.56 | Market 70 Sector 92 |
Normalized Net Income Margin % | 19.62 | Market 87 Sector 95 |
Levered Free Cash Flow Margin % | 8.04 | Market 43 Sector 73 |
Unlevered Free Cash Flow Margin % | 9.29 | Market 42 Sector 72 |
Return on Assets % | 6.6 | Market 61 Sector 80 |
Return on Capital % | 9.49 | Market 59 Sector 86 |
Return on Equity % | 11.17 | Market 39 Sector 66 |
Return on Common Equity % | 11.13 | Market 37 Sector 67 |
Total Asset Turnover | 0.33 | Market 31 Sector 21 |
