GOLD Relative Valuation - Barrick Gold Corp - Alpha Spread

Barrick Gold Corp
NYSE:GOLD

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Barrick Gold Corp
NYSE:GOLD
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Price: 20.23 USD -3.71% Market Closed
Market Cap: 35.5B USD
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Relative Value

The Relative Value of one GOLD stock under the Base Case scenario is 24.69 USD. Compared to the current market price of 20.23 USD, Barrick Gold Corp is Undervalued by 18%.

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.

GOLD Relative Value
Base Case
24.69 USD
Undervaluation 18%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
28
vs Industry
44
Median 3Y
2.6
Median 5Y
2.8
Industry
1.8
Forward
2.7
vs History
15
vs Industry
11
Median 3Y
19.9
Median 5Y
15.9
Industry
16.2
Forward
16.2
vs History
39
vs Industry
17
Median 3Y
8
Median 5Y
8.5
Industry
9.4
vs History
17
vs Industry
3
Median 3Y
19.1
Median 5Y
20
Industry
15.1
vs History
25
vs Industry
41
Median 3Y
1.3
Median 5Y
1.4
Industry
1.5
vs History
30
vs Industry
43
Median 3Y
2.7
Median 5Y
2.9
Industry
2.2
Forward
2.8
vs History
34
vs Industry
31
Median 3Y
8.2
Median 5Y
8.6
Industry
7.4
vs History
22
vs Industry
21
Median 3Y
5.9
Median 5Y
6
Industry
10.4
Forward
5.7
vs History
30
vs Industry
17
Median 3Y
9.8
Median 5Y
9.8
Industry
13.4
Forward
8.7
vs History
36
vs Industry
19
Median 3Y
8.1
Median 5Y
8.5
Industry
10.5
vs History
30
vs Industry
4
Median 3Y
41.5
Median 5Y
28.1
Industry
13.4
vs History
25
vs Industry
54
Median 3Y
0.8
Median 5Y
0.8
Industry
1.3

Multiples Across Competitors

GOLD Competitors Multiples
Barrick Gold Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Barrick Gold Corp
NYSE:GOLD
48B USD 3 23.5 6.9 11.2
RU
Polyus PJSC
LSE:PLZL
70.4T USD 13 831.7 43 047.2 23 747.9 27 252.3
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
116.8B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
465.4B CNY 1.6 18 14.9 14.9
US
Newmont Corporation
NYSE:NEM
62B USD 4.2 -31.4 15.3 33.1
CA
Agnico Eagle Mines Ltd
NYSE:AEM
40.9B USD 5.6 66.3 11 18.8
CA
Wheaton Precious Metals Corp
NYSE:WPM
28.3B USD 25 49.6 33.2 46.4
CA
Franco-Nevada Corp
NYSE:FNV
24.1B USD 21.4 -41.3 24 32.6
RU
Polyus PAO
MOEX:PLZL
1.8T RUB 3.9 12.1 5.6 6.4
ZA
Gold Fields Ltd
NYSE:GFI
14.5B USD 3.3 22.9 6.9 9.6
CN
Shandong Gold Mining Co Ltd
SSE:600547
100.7B CNY 1.3 42.3 19.6 19.6

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