Executive Summary
Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and gold/copper concentrates.
Snowflake
Solid track record with excellent balance sheet.
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Share Price & News
How has Newcrest Mining's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NCM has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.5%
NCM
1.1%
AU Metals and Mining
0.3%
AU Market
1 Year Return
46.8%
NCM
18.9%
AU Metals and Mining
18.1%
AU Market
Return vs Industry: NCM exceeded the Australian Metals and Mining industry which returned 18.9% over the past year.
Return vs Market: NCM exceeded the Australian Market which returned 18.1% over the past year.
Shareholder returns
| NCM | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | 1.1% | 0.3% |
| 30 Day | -5.0% | 3.9% | 0.8% |
| 90 Day | -10.2% | 2.9% | 3.3% |
| 1 Year | 48.3%46.8% | 27.6%18.9% | 23.9%18.1% |
| 3 Year | 60.1%55.1% | 53.8%32.5% | 37.1%18.4% |
| 5 Year | 204.8%193.9% | 82.1%38.7% | 53.7%19.5% |
Price Volatility Vs. Market
How volatile is Newcrest Mining's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Is Newcrest Mining Limited's (ASX:NCM) CEO Pay Justified?2 weeks ago | Simply Wall St
Have Insiders Sold Newcrest Mining Limited (ASX:NCM) Shares Recently?3 weeks ago | Simply Wall St
Should Newcrest Mining Limited (ASX:NCM) Focus On Improving This Fundamental Metric?Valuation
Is Newcrest Mining undervalued compared to its fair value and its price relative to the market?
28.83x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NCM (A$30.95) is trading above our estimate of fair value (A$7.04)
Significantly Below Fair Value: NCM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NCM is poor value based on its PE Ratio (28.8x) compared to the Metals and Mining industry average (12.4x).
PE vs Market: NCM is poor value based on its PE Ratio (28.8x) compared to the Australian market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: NCM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NCM is overvalued based on its PB Ratio (2.1x) compared to the AU Metals and Mining industry average (1.4x).
Next Steps
Future Growth
How is Newcrest Mining forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
-2.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NCM's earnings are forecast to decline over the next 3 years (-2.4% per year).
Earnings vs Market: NCM's earnings are forecast to decline over the next 3 years (-2.4% per year).
High Growth Earnings: NCM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NCM's revenue is expected to decline over the next 3 years (-0.6% per year).
High Growth Revenue: NCM's revenue is forecast to decline over the next 3 years (-0.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NCM's Return on Equity is forecast to be low in 3 years time (6.6%).
Next Steps
Past Performance
How has Newcrest Mining performed over the past 5 years?
62.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NCM has high quality earnings.
Growing Profit Margin: NCM's current net profit margins (15%) are higher than last year (5.7%).
Past Earnings Growth Analysis
Earnings Trend: NCM has become profitable over the past 5 years, growing earnings by 62.1% per year.
Accelerating Growth: NCM's earnings growth over the past year (177.7%) exceeds its 5-year average (62.1% per year).
Earnings vs Industry: NCM earnings growth over the past year (177.7%) exceeded the Metals and Mining industry 7.8%.
Return on Equity
High ROE: NCM's Return on Equity (7.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Newcrest Mining's financial position?
Financial Position Analysis
Short Term Liabilities: NCM's short term assets ($2.4B) exceeds its short term liabilities ($812.0M)
Long Term Liabilities: NCM's short term assets ($2.4B) do not cover its long term liabilities (3.4B)
Debt to Equity History and Analysis
Debt Level: NCM's debt to equity ratio (26.1%) is considered satisfactory.
Reducing Debt: NCM's debt to equity ratio has reduced from 52.9% to 26.1% over the past 5 years.
Debt Coverage: NCM's debt is well covered by operating cash flow (74.5%).
Interest Coverage: NCM's interest payments on its debt are well covered by EBIT (13.3x coverage).
Balance Sheet
Inventory Level: NCM has a high level of physical assets or inventory.
Debt Coverage by Assets: NCM's debt is covered by short term assets (assets are 1.2x debt).
Next Steps
Dividend
What is Newcrest Mining's current dividend yield, its reliability and sustainability?
1.04%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NCM's dividend (1.04%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.37%).
High Dividend: NCM's dividend (1.04%) is low compared to the top 25% of dividend payers in the Australian market (5.65%).
Stability and Growth of Payments
Stable Dividend: NCM is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: NCM is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: NCM is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NCM's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
What is the CEO of Newcrest Mining's salary, the management and board of directors tenure and is there insider trading?
2.7yrs
Average management tenure
CEO
Sandeep Biswas (57yo)
5.3yrs
Tenure
US$6,305,000
Compensation
Mr. Sandeep Biswas, B.E., has been the Managing Director and Chief Executive Officer of Newcrest Mining Limited since July 4, 2014 and has been its Executive Director since joining it on January 01, 2014. ...
CEO Compensation Analysis
Compensation vs Market: Sandeep's total compensation ($USD6.31M) is above average for companies of similar size in the Australian market ($USD3.78M).
Compensation vs Earnings: Sandeep's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.7yrs
Average Tenure
57yo
Average Age
Experienced Management: NCM's management team is considered experienced (2.7 years average tenure).
Board Age and Tenure
5.0yrs
Average Tenure
62yo
Average Age
Experienced Board: NCM's board of directors are considered experienced (5 years average tenure).
Insider Trading
Insider Buying: NCM insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Finance Director |
| Shares | 11,728 |
| Max Price | US$32.45 |
| Entity | Individual |
| Role | Chief Executive Officer MD, CEO & Director |
| Shares | 35,545 |
| Max Price | US$32.46 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 107 |
| Max Price | US$36.48 |
| Entity | Individual |
| Role | Member of the Board of Directors Finance Director |
| Shares | 61,322 |
| Max Price | US$35.30 |
| Entity | Individual |
| Role | Chief Executive Officer MD, CEO & Director |
| Shares | 187,988 |
| Max Price | US$0.001 |
| Entity | Company |
| Shares | 13,395 |
| Max Price | US$21.80 |
| Entity | Company |
| Shares | 9,014,429 |
| Max Price | US$55.98 |
| Entity | Company |
| Shares | 1,311,562 |
| Max Price | US$30.28 |
| Entity | Company |
| Shares | 339,516 |
| Max Price | US$24.37 |
| Entity | Company |
| Shares | 2,948,980 |
| Max Price | US$24.77 |
| Entity | Company |
| Shares | 2,474,787 |
| Max Price | US$24.86 |
| Entity | Company |
| Shares | 245,645 |
| Max Price | US$22.45 |
| Entity | Company |
| Shares | 175,246 |
| Max Price | US$22.30 |
| Entity | Company |
| Shares | 77,503 |
| Max Price | US$20.26 |
| Entity | Company |
| Shares | 549,122 |
| Max Price | US$24.95 |
| Entity | Company |
| Shares | 7,756,915 |
| Max Price | US$21.75 |
| Entity | Company |
| Shares | 260 |
| Max Price | US$22.56 |
| Entity | Company |
| Shares | 9,484 |
| Max Price | US$21.53 |
| Entity | Individual |
| Role | Member of the Board of Directors Finance Director |
| Shares | 32,018 |
| Max Price | US$21.45 |
| Entity | Individual |
| Role | Chief Executive Officer MD, CEO & Director |
| Shares | 120,266 |
| Max Price | US$21.45 |
| Entity | Company |
| Shares | 672,812 |
| Max Price | US$21.04 |
| Entity | Company |
| Shares | 342,973 |
| Max Price | US$20.48 |
| Entity | Company |
| Shares | 148,867 |
| Max Price | US$21.04 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Mike Nossal (60yo)
Chief Development Officer
- Tenure: 4.3yrs
- Compensation: US$2.02m
Francesca Lee (63yo)
Chief Legal
- Tenure: 5.7yrs
- Compensation: US$1.28m
Sandeep Biswas (57yo)
MD, CEO & Director
- Tenure: 5.3yrs
- Compensation: US$6.31m
Gerard Bond (51yo)
Finance Director
- Tenure: 7.8yrs
- Compensation: US$2.03m
Craig Jones (48yo)
Chief Operating Officer (Papua New Guinea)
- Tenure: 0.8yrs
- Compensation: US$1.62m
nee Badrick Kerr
Treasurer & Head of Insurance
- Tenure: 0yrs
Phil Stephenson
Chief Operating Officer (Australia
- Tenure: 0.8yrs
- Compensation: US$1.48m
Ian Kemish
Chief People & Sustainability Officer
- Tenure: 1.1yrs
- Compensation: US$1.26m
Chris Maitland
Head of Investor Relations & Media
- Tenure: 0yrs
Bob Thiele
Acting Chief Technical & Projects Officer
- Tenure: 0.8yrs
Board Members
Phil Aiken (70yo)
Independent Non-Executive Director
- Tenure: 6.6yrs
- Compensation: US$190.00k
Peter Tomsett (61yo)
Independent Non-Executive Director
- Tenure: 1.2yrs
- Compensation: US$149.00k
Peter Algernon Hay (69yo)
Independent Non-Executive Chairman
- Tenure: 5.8yrs
- Compensation: US$437.00k
Roger Higgins (68yo)
Independent Non-Executive Director
- Tenure: 4.1yrs
- Compensation: US$180.00k
Vickki McFadden (60yo)
Independent Non-Executive Director
- Tenure: 3.1yrs
- Compensation: US$198.00k
Sandeep Biswas (57yo)
MD, CEO & Director
- Tenure: 5.3yrs
- Compensation: US$6.31m
Xiaoling Liu (63yo)
Independent Non-Executive Director
- Tenure: 4.2yrs
- Compensation: US$178.00k
Gerard Bond (51yo)
Finance Director
- Tenure: 7.8yrs
- Compensation: US$2.03m
Company Information
Newcrest Mining Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Newcrest Mining Limited
- Ticker: NCM
- Exchange: ASX
- Founded: 1966
- Industry: Gold
- Sector: Materials
- Market Cap: AU$23.738b
- Shares outstanding: 766.98m
- Website: https://www.newcrest.com.au
Number of Employees
Location
- Newcrest Mining Limited
- 600 St. Kilda Road
- Level 8
- Melbourne
- Victoria
- 3004
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NCMG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| NCM | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| NMA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| NCM | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Jan 1992 |
| NCM | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| NCMG.Y | OTCPK (Pink Sheets LLC) | SPON ADR EACH REP 1 ORD SHS | US | USD | Sep 1995 | |
| NMAA | DB (Deutsche Boerse AG) | SPON ADR EACH REP 1 ORD SHS | DE | EUR | Sep 1995 |
Biography
Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and gold/copper concentrates. It is also involved in the exploration ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/21 10:30 |
| End of Day Share Price | 2019/11/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.