Barrick Gold Corp
TSX:ABX

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Barrick Gold Corp
TSX:ABX
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Price: 23.31 CAD -2.47% Market Closed
Market Cap: 40.9B CAD
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Relative Value

The Relative Value of one ABX stock under the Base Case scenario is 38.48 CAD. Compared to the current market price of 23.31 CAD, Barrick Gold Corp is Undervalued by 39%.

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.

ABX Relative Value
Base Case
38.48 CAD
Undervaluation 39%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.3
P/S
P/S
Price to Sales
2.3
vs History
90
vs Industry
44
Median 3Y
2.6
Median 5Y
2.8
Industry
1.8
Forward
2.2
More Details
17.6
P/E
P/E
Price to Earnings
17.6
vs History
42
vs Industry
11
Median 3Y
19.9
Median 5Y
16
Industry
15.8
Forward
12.9
More Details
7
P/OCF
P/OCF
Price to OCF
7
vs History
71
vs Industry
17
Median 3Y
8
Median 5Y
8.1
Industry
9.4
More Details
44.7
P/FCFE
P/FCFE
Price to FCFE
44.7
vs History
34
vs Industry
3
Median 3Y
23.6
Median 5Y
22
Industry
15.4
More Details
1.2
P/B
P/B
Price to Book Value
1.2
vs History
87
vs Industry
41
Median 3Y
1.3
Median 5Y
1.4
Industry
1.5
More Details
2.4
EV/S
EV/S
Enterprise Value to Sales
2.4
vs History
88
vs Industry
43
Median 3Y
2.7
Median 5Y
2.8
Industry
2.2
Forward
2.2
More Details
6.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
6.9
vs History
73
vs Industry
31
Median 3Y
8.2
Median 5Y
8.3
Industry
7.4
More Details
5.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
5.3
vs History
71
vs Industry
21
Median 3Y
5.9
Median 5Y
6
Industry
10.4
Forward
4.7
More Details
8.3
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
8.3
vs History
65
vs Industry
17
Median 3Y
9.8
Median 5Y
9.8
Industry
13.1
Forward
6.4
More Details
7.1
EV/OCF
EV/OCF
Enterprise Value to OCF
7.1
vs History
71
vs Industry
19
Median 3Y
8.2
Median 5Y
8.3
Industry
10.6
More Details
30.6
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
30.6
vs History
42
vs Industry
4
Median 3Y
37.8
Median 5Y
28.1
Industry
13.5
More Details
0.7
EV/IC
EV/IC
Enterprise Value to IC
0.7
vs History
88
vs Industry
54
Median 3Y
0.8
Median 5Y
0.8
Industry
1.3
More Details

Multiples Across Competitors

ABX Competitors Multiples
Barrick Gold Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Barrick Gold Corp
TSX:ABX
40.7B CAD 2.3 17.6 5.3 8.3
RU
Polyus PJSC
LSE:PLZL
70.4T USD 15 191.9 47 280.3 26 083.2 29 932.1
ZA
Gold Fields Ltd
JSE:GFI
232.3B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
100.9B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
412B CNY 1.4 14.1 12.3 12.3
US
Newmont Corporation
NYSE:NEM
45.9B USD 2.7 -37.8 9.1 16.7
CA
Agnico Eagle Mines Ltd
TSX:AEM
59.1B CAD 5.3 41.2 9.9 15.5
CA
Wheaton Precious Metals Corp
TSX:WPM
38.8B CAD 22.4 44.7 29.2 40.1
CA
Franco-Nevada Corp
TSX:FNV
32.7B CAD 21 -37.9 23.5 31.5
RU
Polyus PAO
MOEX:PLZL
1.8T RUB 3.4 7.2 6.2 7
CN
Shandong Gold Mining Co Ltd
SSE:600547
106B CNY 1.2 41.1 17.5 17.5
P/E Multiple
Earnings Growth P/E to Growth
CA
Barrick Gold Corp
TSX:ABX
Average P/E: 6 778
17.6
163%
0.1
RU
P
Polyus PJSC
LSE:PLZL
47 280.3
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
192%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
99%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
14.1
102%
0.1
US
Newmont Corporation
NYSE:NEM
Negative Multiple: -37.8 N/A N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
41.2
12%
3.5
CA
Wheaton Precious Metals Corp
TSX:WPM
44.7
54%
0.8
CA
Franco-Nevada Corp
TSX:FNV
Negative Multiple: -37.9 N/A N/A
RU
Polyus PAO
MOEX:PLZL
7.2
N/A N/A
CN
Shandong Gold Mining Co Ltd
SSE:600547
41.1
155%
0.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Barrick Gold Corp
TSX:ABX
Average EV/EBITDA: 2 910.7
5.3
70%
0.1
RU
P
Polyus PJSC
LSE:PLZL
26 083.2
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
63%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
97%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
12.3
140%
0.1
US
Newmont Corporation
NYSE:NEM
9.1
247%
0
CA
Agnico Eagle Mines Ltd
TSX:AEM
9.9
54%
0.2
CA
Wheaton Precious Metals Corp
TSX:WPM
29.2
76%
0.4
CA
Franco-Nevada Corp
TSX:FNV
23.5
31%
0.8
RU
Polyus PAO
MOEX:PLZL
6.2
N/A N/A
CN
Shandong Gold Mining Co Ltd
SSE:600547
17.5
258%
0.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Barrick Gold Corp
TSX:ABX
Average EV/EBIT: 3 342.3
8.3
106%
0.1
RU
P
Polyus PJSC
LSE:PLZL
29 932.1
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
93%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
45%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
12.3
95%
0.1
US
Newmont Corporation
NYSE:NEM
16.7
912%
0
CA
Agnico Eagle Mines Ltd
TSX:AEM
15.5
62%
0.3
CA
Wheaton Precious Metals Corp
TSX:WPM
40.1
84%
0.5
CA
Franco-Nevada Corp
TSX:FNV
31.5
14%
2.3
RU
Polyus PAO
MOEX:PLZL
7
N/A N/A
CN
Shandong Gold Mining Co Ltd
SSE:600547
17.5
140%
0.1

See Also

Summary
ABX intrinsic value, competitors valuation, and company profile.
DCF Valuation
ABX stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ABX stock valuation using valuation multiples.
Wall Street Estimates
ABX price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ABX stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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