Stock Analysis on Net
Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Beginner level

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).


Historical Valuation Ratios (Summary)

Newmont Corp., historical price multiples (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Price to earnings (P/E) 14.72 13.85 13.73 109.85 55.31 123.73 453.13 224.69 521.18 181.51 59.75
Price to operating profit (P/OP) 36.03 30.42 27.20 56.00 33.98 23.88 21.45 17.22 16.42 15.70 114.36 142.10 246.24 28.75 27.61 18.96 11.30
Price to sales (P/S) 4.95 3.99 3.49 4.00 3.58 2.60 2.21 2.77 2.90 2.73 2.65 2.72 2.60 2.96 2.85 2.99 2.24 1.70
Price to book value (P/BV) 2.39 1.81 1.44 1.62 2.47 1.80 1.49 1.87 2.06 1.89 1.71 1.77 1.67 1.85 1.73 1.83 1.42 1.16 0.91 0.83 1.19

Based on: 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-24).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Newmont Corp.’s P/E ratio increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Newmont Corp.’s P/OP ratio increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Newmont Corp.’s P/S ratio increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Newmont Corp.’s P/BV ratio increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Price to Earnings (P/E)

Newmont Corp., historical P/E calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
No. shares of common stock outstanding1 802,584,618 807,583,184 819,838,680 819,893,825 819,633,497 532,669,445 532,660,228 533,398,733 533,486,402 533,474,863 533,336,470 533,271,501 533,233,294 531,149,818 530,750,074 530,594,563 530,530,905 529,161,509 529,117,504 529,054,665 499,846,772
Selected Financial Data (US$)
Net income (loss) attributable to Newmont stockholders (in millions) 822  565  2,178  (25) 87  (145) 292  192  (527) 206  177  46  (344) (358) 23  52  (254) 219  72  183 
Earnings per share (EPS)2 4.41 3.47 2.73 -0.10 0.29 0.64 -0.35 0.31 0.09 -0.18 0.16 -0.90 -1.19 -1.18 -1.01 0.08 0.17 0.42 0.00 0.00 0.00
Share price1, 3 64.91 48.10 37.55 38.25 31.63 35.41 29.60 37.81 40.77 37.63 35.81 36.24 33.71 37.44 36.18 39.29 30.45 24.84 19.89 17.60 24.98
Valuation Ratio
P/E ratio4 14.72 13.85 13.73 109.85 55.31 123.73 453.13 224.69 521.18 181.51 59.75

Based on: 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-24).

1 Data adjusted for splits and stock dividends.

2 Q1 2020 Calculation
EPS = (Net income (loss) attributable to Newmont stockholdersQ1 2020 + Net income (loss) attributable to Newmont stockholdersQ4 2019 + Net income (loss) attributable to Newmont stockholdersQ3 2019 + Net income (loss) attributable to Newmont stockholdersQ2 2019) ÷ No. shares of common stock outstanding
= (822,000,000 + 565,000,000 + 2,178,000,000 + -25,000,000) ÷ 802,584,618 = 4.41

3 Closing price as at the filing date of Newmont Corp.’s Quarterly or Annual Report.

4 Q1 2020 Calculation
P/E ratio = Share price ÷ EPS
= 64.91 ÷ 4.41 = 14.72

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Newmont Corp.’s P/E ratio increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Price to Operating Profit (P/OP)

Newmont Corp., historical P/OP calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
No. shares of common stock outstanding1 802,584,618 807,583,184 819,838,680 819,893,825 819,633,497 532,669,445 532,660,228 533,398,733 533,486,402 533,474,863 533,336,470 533,271,501 533,233,294 531,149,818 530,750,074 530,594,563 530,530,905 529,161,509 529,117,504 529,054,665 499,846,772
Selected Financial Data (US$)
Operating income (loss) (in millions) 457  519  458  12  288  374  (114) 215  315  319  322  369  269  (793) 291  306  186  (115) 378  403  497 
Operating profit per share2 1.80 1.58 1.38 0.68 0.93 1.48 1.38 2.20 2.48 2.40 0.31 0.26 0.14 -0.02 1.26 1.42 1.61 2.20 0.00 0.00 0.00
Share price1, 3 64.91 48.10 37.55 38.25 31.63 35.41 29.60 37.81 40.77 37.63 35.81 36.24 33.71 37.44 36.18 39.29 30.45 24.84 19.89 17.60 24.98
Valuation Ratio
P/OP ratio4 36.03 30.42 27.20 56.00 33.98 23.88 21.45 17.22 16.42 15.70 114.36 142.10 246.24 28.75 27.61 18.96 11.30

Based on: 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-24).

1 Data adjusted for splits and stock dividends.

2 Q1 2020 Calculation
Operating profit per share = (Operating income (loss)Q1 2020 + Operating income (loss)Q4 2019 + Operating income (loss)Q3 2019 + Operating income (loss)Q2 2019) ÷ No. shares of common stock outstanding
= (457,000,000 + 519,000,000 + 458,000,000 + 12,000,000) ÷ 802,584,618 = 1.80

3 Closing price as at the filing date of Newmont Corp.’s Quarterly or Annual Report.

4 Q1 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 64.91 ÷ 1.80 = 36.03

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Newmont Corp.’s P/OP ratio increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Price to Sales (P/S)

Newmont Corp., historical P/S calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
No. shares of common stock outstanding1 802,584,618 807,583,184 819,838,680 819,893,825 819,633,497 532,669,445 532,660,228 533,398,733 533,486,402 533,474,863 533,336,470 533,271,501 533,233,294 531,149,818 530,750,074 530,594,563 530,530,905 529,161,509 529,117,504 529,054,665 499,846,772
Selected Financial Data (US$)
Sales (in millions) 2,581  2,967  2,713  2,257  1,803  2,048  1,726  1,662  1,817  1,935  1,879  1,875  1,659  1,789  1,791  1,669  1,462  1,816  2,033  1,908  1,972 
Sales per share2 13.11 12.06 10.76 9.55 8.83 13.62 13.40 13.67 14.07 13.77 13.50 13.34 12.95 12.63 12.70 13.16 13.61 14.61 0.00 0.00 0.00
Share price1, 3 64.91 48.10 37.55 38.25 31.63 35.41 29.60 37.81 40.77 37.63 35.81 36.24 33.71 37.44 36.18 39.29 30.45 24.84 19.89 17.60 24.98
Valuation Ratio
P/S ratio4 4.95 3.99 3.49 4.00 3.58 2.60 2.21 2.77 2.90 2.73 2.65 2.72 2.60 2.96 2.85 2.99 2.24 1.70

Based on: 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-24).

1 Data adjusted for splits and stock dividends.

2 Q1 2020 Calculation
Sales per share = (SalesQ1 2020 + SalesQ4 2019 + SalesQ3 2019 + SalesQ2 2019) ÷ No. shares of common stock outstanding
= (2,581,000,000 + 2,967,000,000 + 2,713,000,000 + 2,257,000,000) ÷ 802,584,618 = 13.11

3 Closing price as at the filing date of Newmont Corp.’s Quarterly or Annual Report.

4 Q1 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 64.91 ÷ 13.11 = 4.95

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Newmont Corp.’s P/S ratio increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Price to Book Value (P/BV)

Newmont Corp., historical P/BV calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
No. shares of common stock outstanding1 802,584,618 807,583,184 819,838,680 819,893,825 819,633,497 532,669,445 532,660,228 533,398,733 533,486,402 533,474,863 533,336,470 533,271,501 533,233,294 531,149,818 530,750,074 530,594,563 530,530,905 529,161,509 529,117,504 529,054,665 499,846,772
Selected Financial Data (US$)
Total Newmont stockholders’ equity (in millions) 21,806  21,420  21,430  19,354  10,499  10,502  10,597  10,813  10,575  10,609  11,138  10,928  10,755  10,721  11,102  11,423  11,349  11,350  11,544  11,271  10,462 
Book value per share (BVPS)2 27.17 26.52 26.14 23.61 12.81 19.72 19.89 20.27 19.82 19.89 20.88 20.49 20.17 20.18 20.92 21.53 21.39 21.45 21.82 21.30 20.93
Share price1, 3 64.91 48.10 37.55 38.25 31.63 35.41 29.60 37.81 40.77 37.63 35.81 36.24 33.71 37.44 36.18 39.29 30.45 24.84 19.89 17.60 24.98
Valuation Ratio
P/BV ratio4 2.39 1.81 1.44 1.62 2.47 1.80 1.49 1.87 2.06 1.89 1.71 1.77 1.67 1.85 1.73 1.83 1.42 1.16 0.91 0.83 1.19

Based on: 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-24).

1 Data adjusted for splits and stock dividends.

2 Q1 2020 Calculation
BVPS = Total Newmont stockholders’ equity ÷ No. shares of common stock outstanding
= 21,806,000,000 ÷ 802,584,618 = 27.17

3 Closing price as at the filing date of Newmont Corp.’s Quarterly or Annual Report.

4 Q1 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 64.91 ÷ 27.17 = 2.39

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Newmont Corp.’s P/BV ratio increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.