Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

Price to FCFE (P/FCFE)

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Free Cash Flow to Equity (FCFE)

Newmont Corp., FCFE calculation

US$ in millions

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12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income (loss) attributable to Newmont stockholders (2,494) (429) 1,166 2,829 2,805
Net (income) loss attributable to noncontrolling interests 27 60 (933) (38) 79
Net noncash charges 5,734 4,408 4,574 1,804 301
Net change in operating assets and liabilities (513) (841) (541) 295 (309)
Net cash provided by operating activities 2,754 3,198 4,266 4,890 2,876
Additions to property, plant and mine development (2,666) (2,131) (1,653) (1,302) (1,463)
Payments on finance lease and other financing obligations (67) (66) (73) (66) (55)
Repayment of debt (89) (1,382) (1,160) (1,876)
Proceeds from issuance of debt, net 992 985 690
Free cash flow to equity (FCFE) 21 912 2,150 3,347 172

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).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Newmont Corp. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Newmont Corp. FCFE decreased from 2021 to 2022 and from 2022 to 2023.

Price to FCFE Ratio, Current

Newmont Corp., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 1,152,551,607
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) 21
FCFE per share 0.02
Current share price (P) 35.25
Valuation Ratio
P/FCFE 1,934.64
Benchmarks
P/FCFE, Competitors1
Freeport-McMoRan Inc.
P/FCFE, Industry
Materials 56.53

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

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.


Price to FCFE Ratio, Historical

Newmont Corp., historical P/FCFE calculation, comparison to benchmarks

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
No. shares of common stock outstanding1 1,152,551,607 793,794,062 792,502,327 800,314,223 807,583,184
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 21 912 2,150 3,347 172
FCFE per share3 0.02 1.15 2.71 4.18 0.21
Share price1, 4 31.25 44.26 66.72 57.36 48.10
Valuation Ratio
P/FCFE5 1,715.11 38.52 24.59 13.72 225.84
Benchmarks
P/FCFE, Competitors6
Freeport-McMoRan Inc. 20.95 11.90 55.60
P/FCFE, Sector
Metals & Mining 25.16 15.54 22.30
P/FCFE, Industry
Materials 52.78 19.12 19.49 23.59

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 See details »

3 2023 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 21,000,000 ÷ 1,152,551,607 = 0.02

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

5 2023 Calculation
P/FCFE = Share price ÷ FCFE per share
= 31.25 ÷ 0.02 = 1,715.11

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Newmont Corp. P/FCFE ratio increased from 2021 to 2022 and from 2022 to 2023.