Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

Newmont Corp., current enterprise value calculation

Microsoft Excel
Current share price (P) $33.88
No. shares of common stock outstanding 1,152,551,607
US$ in millions
Common equity (market value)1 39,048
Add: Noncontrolling interests (per books) 178
Total equity 39,226
Add: Current finance lease and other financing obligations (per books) 114
Add: Current debt (per books) 1,923
Add: Non-current debt (per books) 6,951
Add: Non-current finance lease and other financing obligations (per books) 448
Total equity and debt 48,662
Less: Cash and cash equivalents 3,002
Less: Time deposits and other investments 23
Enterprise value (EV) 45,637

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 33.88 × 1,152,551,607


Historical Enterprise Value (EV)

Newmont Corp., EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $31.25 $44.26 $66.72 $57.36 $48.10
No. shares of common stock outstanding1 1,152,551,607 793,794,062 792,502,327 800,314,223 807,583,184
US$ in millions
Common equity (market value)3 36,017 35,133 52,876 45,906 38,845
Add: Noncontrolling interests (book value) 178 179 (209) 837 950
Total equity 36,195 35,312 52,667 46,743 39,795
Add: Current finance lease and other financing obligations (book value) 114 96 106 106 100
Add: Current debt (book value) 1,923 87 551
Add: Non-current debt (book value) 6,951 5,571 5,565 5,480 6,138
Add: Non-current finance lease and other financing obligations (book value) 448 465 544 565 596
Total equity and debt 45,631 41,444 58,969 53,445 46,629
Less: Cash and cash equivalents 3,002 2,877 4,992 5,540 2,243
Less: Time deposits and other investments 23 880 82 290 237
Enterprise value (EV) 42,606 37,687 53,895 47,615 44,149

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Newmont Corp. Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 31.25 × 1,152,551,607

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Newmont Corp. EV decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.