Newcrest Mining
Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and gold/copper concentrates. The last earnings update was 68 days ago. More info.
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NCM Share Price and Events
7 Day Returns
1 Year Returns
NCM Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Newcrest Mining (NCM) | 1.4% | -0.6% | 9.5% | 22.8% | 41% | 135% |
| AU Metals and Mining | -3.2% | 0.5% | 12.6% | 10.6% | 72.3% | 7.8% |
| AU Market | -0% | 1% | 6.3% | 4.9% | 18.2% | 4.8% |
1 Year Return vs Industry and Market
- NCM outperformed the Metals and Mining industry which returned 10.6% over the past year.
- NCM outperformed the Market in Australia which returned 4.9% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Newcrest Mining
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Newcrest Mining.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 12 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.3% |
| Perpetual Growth Rate | 10-Year AU Government Bond Rate | 2.3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AU Govt Bond Rate | 2.3% |
| Equity Risk Premium | S&P Global | 6% |
| Metals and Mining Unlevered Beta | Simply Wall St/ S&P Global | 1.13 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.133 (1 + (1- 30%) (14.4%)) |
1.165 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.17 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.165 * 5.96%) |
9.26% |
Discounted Cash Flow Calculation for ASX:NCM using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Newcrest Mining is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.26%) |
|
|---|---|---|---|
| 2019 | 674.34 | Analyst x5 | 617.20 |
| 2020 | 922.47 | Analyst x5 | 772.77 |
| 2021 | 816.87 | Analyst x6 | 626.33 |
| 2022 | 536.00 | Analyst x2 | 376.15 |
| 2023 | 513.27 | Est @ -4.24% | 329.68 |
| 2024 | 501.60 | Est @ -2.27% | 294.89 |
| 2025 | 497.09 | Est @ -0.9% | 267.48 |
| 2026 | 497.41 | Est @ 0.06% | 244.97 |
| 2027 | 501.09 | Est @ 0.74% | 225.87 |
| 2028 | 507.16 | Est @ 1.21% | 209.24 |
| Present value of next 10 years cash flows | $3,964.57 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $507.16 × (1 + 2.31%) ÷ (9.26% – 2.31%) |
$7,470.98 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $7,470.98 ÷ (1 + 9.26%)10 |
$3,082.29 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $3,964.57 + $3,082.29 |
$7,046.87 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $7,046.87 / 767.14 |
$9.19 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/AUD
(Reporting currency to currency of ASX:NCM) |
1.399 |
| Value per Share (AUD) |
= Value per Share in USD x Exchange Rate (USD/AUD)
= $9.19 x 1.399 |
A$12.85 |
| Value per share (AUD) | From above. | A$12.85 |
| Current discount | Discount to share price of
A$25.24
= -1 x (A$25.24 - A$12.85) / A$12.85 |
-96.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Newcrest Mining is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Newcrest Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Newcrest Mining's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $0.44 |
| ASX:NCM Share Price ** | ASX (2019-04-18) in AUD | A$25.24 |
| ASX:NCM Share Price converted to USD reporting currency | Exchange rate (AUD/ USD) 0.715 | $18.05 |
| Australia Metals and Mining Industry PE Ratio | Median Figure of 78 Publicly-Listed Metals and Mining Companies | 12.55x |
| Australia Market PE Ratio | Median Figure of 544 Publicly-Listed Companies | 16.14x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Newcrest Mining.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:NCM Share Price ÷ EPS (both in USD) = 18.05 ÷ 0.44 |
40.65x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Newcrest Mining is overvalued based on earnings compared to the AU Metals and Mining industry average.
- Newcrest Mining is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does
Newcrest Mining's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 40.65x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts |
-0%per year |
| Australia Metals and Mining Industry PEG Ratio | Median Figure of 38 Publicly-Listed Metals and Mining Companies | 0.65x |
| Australia Market PEG Ratio | Median Figure of 360 Publicly-Listed Companies | 1.35x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 40.65x ÷ -0% |
-1136.51x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Newcrest Mining earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Newcrest Mining's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $9.57 |
| ASX:NCM Share Price * | ASX (2019-04-18) in AUD | A$25.24 |
| ASX:NCM Share Price converted to USD reporting currency | Exchange rate (AUD/ USD) 0.715 | $18.05 |
| Australia Metals and Mining Industry PB Ratio | Median Figure of 584 Publicly-Listed Metals and Mining Companies | 1.52x |
| Australia Market PB Ratio | Median Figure of 1,676 Publicly-Listed Companies | 1.67x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:NCM Share Price ÷ Book Value per Share (both in USD) = 18.05 ÷ 9.57 |
1.89x |
* Primary Listing of Newcrest Mining.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Newcrest Mining is overvalued based on assets compared to the AU Metals and Mining industry average.
Value checks
We assess Newcrest Mining's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) Newcrest Mining has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Newcrest Mining's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
- Newcrest Mining's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
- Newcrest Mining's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:NCM Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts | -0% |
| ASX:NCM Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts | -0.9% |
| Australia Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | 1.2% |
| Australia Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 0.5% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 6.6% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-06-30 | 3,593 | 1,378 | 423 | 1 |
| 2022-06-30 | 3,542 | 1,328 | 522 | 3 |
| 2021-06-30 | 3,833 | 1,475 | 686 | 10 |
| 2020-06-30 | 4,095 | 1,485 | 685 | 12 |
| 2019-06-30 | 3,762 | 1,232 | 581 | 11 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 3,575 | 1,445 | 341 |
| 2018-09-30 | 3,569 | 1,440 | 272 |
| 2018-06-30 | 3,562 | 1,434 | 202 |
| 2018-03-31 | 3,475 | 1,377 | 211 |
| 2017-12-31 | 3,387 | 1,319 | 219 |
| 2017-09-30 | 3,432 | 1,393 | 264 |
| 2017-06-30 | 3,477 | 1,467 | 308 |
| 2017-03-31 | 3,517 | 1,471 | 373 |
| 2016-12-31 | 3,556 | 1,475 | 438 |
| 2016-09-30 | 3,426 | 1,358 | 385 |
| 2016-06-30 | 3,295 | 1,241 | 332 |
| 2016-03-31 | 3,332 | 1,204 | 305 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
All data from Newcrest Mining Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-06-30 | 0.55 | 0.55 | 0.55 | 1.00 |
| 2022-06-30 | 0.68 | 0.87 | 0.52 | 3.00 |
| 2021-06-30 | 0.92 | 1.29 | 0.74 | 6.00 |
| 2020-06-30 | 0.92 | 1.10 | 0.72 | 9.00 |
| 2019-06-30 | 0.75 | 0.85 | 0.65 | 8.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.44 |
| 2018-09-30 | 0.35 |
| 2018-06-30 | 0.26 |
| 2018-03-31 | 0.27 |
| 2017-12-31 | 0.29 |
| 2017-09-30 | 0.34 |
| 2017-06-30 | 0.40 |
| 2017-03-31 | 0.49 |
| 2016-12-31 | 0.57 |
| 2016-09-30 | 0.50 |
| 2016-06-30 | 0.43 |
| 2016-03-31 | 0.40 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Newcrest Mining's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Newcrest Mining has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Newcrest Mining performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Newcrest Mining has delivered over 20% year on year earnings growth in the past 5 years.
- Newcrest Mining's 1-year earnings growth is less than its 5-year average (55.7% vs 77.8%)
- Newcrest Mining's earnings growth has exceeded the AU Metals and Mining industry average in the past year (55.7% vs 14%).
Earnings and Revenue History
All data from Newcrest Mining Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 3,575.00 | 341.00 | 111.00 | |
| 2018-09-30 | 3,568.50 | 271.50 | 107.50 | |
| 2018-06-30 | 3,562.00 | 202.00 | 104.00 | |
| 2018-03-31 | 3,474.50 | 210.50 | 106.50 | |
| 2017-12-31 | 3,387.00 | 219.00 | 109.00 | |
| 2017-09-30 | 3,432.00 | 263.50 | 96.50 | |
| 2017-06-30 | 3,477.00 | 308.00 | 84.00 | |
| 2017-03-31 | 3,516.50 | 373.00 | 83.00 | |
| 2016-12-31 | 3,556.00 | 438.00 | 82.00 | |
| 2016-09-30 | 3,425.50 | 385.00 | 80.50 | |
| 2016-06-30 | 3,295.00 | 332.00 | 79.00 | |
| 2016-03-31 | 3,332.00 | 304.50 | 88.50 | |
| 2015-12-31 | 3,369.00 | 277.00 | 98.00 | |
| 2015-09-30 | 3,486.50 | 326.50 | 97.00 | |
| 2015-06-30 | 3,604.00 | 376.00 | 96.00 | |
| 2015-03-31 | 3,195.29 | -577.74 | 86.18 | |
| 2014-12-31 | 3,437.23 | -1,670.17 | 101.37 | |
| 2014-09-30 | 3,542.82 | -1,870.37 | 111.10 | |
| 2014-06-30 | 3,810.06 | -2,094.59 | 126.37 | |
| 2014-03-31 | 3,720.74 | -3,841.73 | 108.48 | |
| 2013-12-31 | 3,564.82 | -5,425.03 | 89.43 | |
| 2013-09-30 | 3,627.14 | -5,537.69 | 108.43 | |
| 2013-06-30 | 3,455.85 | -5,294.09 | 120.84 | |
| 2013-03-31 | 3,983.35 | -2,599.01 | 143.12 | |
| 2012-12-31 | 4,027.41 | 810.88 | 148.47 | |
| 2012-09-30 | 4,303.50 | 984.70 | 146.82 | |
| 2012-06-30 | 4,520.19 | 1,143.35 | 143.30 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Newcrest Mining has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Newcrest Mining used its assets less efficiently than the AU Metals and Mining industry average last year based on Return on Assets.
- Newcrest Mining's use of capital has not improved over the past 3 years (Return on Capital Employed).
Past performance checks
We assess Newcrest Mining's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Newcrest Mining has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Newcrest Mining's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Newcrest Mining's finances.
The net worth of a company is the difference between its assets and liabilities.
- Newcrest Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Newcrest Mining's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Newcrest Mining Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 7,408.00 | 1,994.00 | 1,035.00 |
| 2018-09-30 | 7,408.00 | 1,994.00 | 1,035.00 |
| 2018-06-30 | 7,462.00 | 1,993.00 | 953.00 |
| 2018-03-31 | 7,462.00 | 1,993.00 | 953.00 |
| 2017-12-31 | 7,610.00 | 1,992.00 | 566.00 |
| 2017-09-30 | 7,610.00 | 1,992.00 | 566.00 |
| 2017-06-30 | 7,534.00 | 1,991.00 | 492.00 |
| 2017-03-31 | 7,534.00 | 1,991.00 | 492.00 |
| 2016-12-31 | 7,293.00 | 2,116.00 | 248.00 |
| 2016-09-30 | 7,293.00 | 2,116.00 | 248.00 |
| 2016-06-30 | 7,120.00 | 2,160.00 | 53.00 |
| 2016-03-31 | 7,120.00 | 2,160.00 | 53.00 |
| 2015-12-31 | 6,807.00 | 2,759.00 | 105.00 |
| 2015-09-30 | 6,807.00 | 2,759.00 | 105.00 |
| 2015-06-30 | 6,957.00 | 3,087.00 | 198.00 |
| 2015-03-31 | 6,909.20 | 3,065.25 | 196.77 |
| 2014-12-31 | 6,851.60 | 3,616.05 | 104.74 |
| 2014-09-30 | 7,324.50 | 3,865.63 | 111.97 |
| 2014-06-30 | 7,268.35 | 3,844.01 | 132.97 |
| 2014-03-31 | 7,145.70 | 3,779.15 | 130.73 |
| 2013-12-31 | 9,188.39 | 4,147.92 | 108.21 |
| 2013-09-30 | 9,603.22 | 4,335.19 | 113.10 |
| 2013-06-30 | 9,156.41 | 3,854.99 | 63.17 |
| 2013-03-31 | 10,497.01 | 4,383.03 | 71.82 |
| 2012-12-31 | 15,801.28 | 3,325.55 | 100.71 |
| 2012-09-30 | 15,791.44 | 3,323.48 | 100.65 |
| 2012-06-30 | 15,450.13 | 2,464.81 | 247.71 |
- Newcrest Mining's level of debt (26.9%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (45.2% vs 26.9% today).
- Debt is well covered by operating cash flow (72.5%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 8.2x coverage).
Financial health checks
We assess Newcrest Mining's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Newcrest Mining has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Newcrest Mining's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
A$2,000 of
Newcrest Mining
shares you are expected to receive
A$21
in your first year as a dividend.
Dividend Amount
- Newcrest Mining's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.52%).
- Newcrest Mining's dividend is below the markets top 25% of dividend payers in Australia (5.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| Australia Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 36 Stocks | 3.7% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 417 Stocks | 4.3% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.5% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-06-30 | ||
| 2022-06-30 | 0.24 | 3.00 |
| 2021-06-30 | 0.23 | 12.00 |
| 2020-06-30 | 0.23 | 14.00 |
| 2019-06-30 | 0.20 | 14.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-13 | 0.185 | 1.039 |
| 2018-08-22 | 0.220 | 1.458 |
| 2018-02-15 | 0.150 | 0.948 |
| 2017-09-22 | 0.150 | 0.856 |
| 2017-04-03 | 0.150 | 0.911 |
| 2016-08-15 | 0.075 | 0.463 |
| 2014-08-18 | 0.000 | 0.000 |
| 2014-02-13 | 0.000 | 0.000 |
| 2013-09-09 | 0.000 | 0.000 |
| 2013-08-12 | 0.000 | 0.000 |
| 2013-03-14 | 0.312 | 2.516 |
| 2012-09-20 | 0.356 | 1.434 |
| 2012-08-13 | 0.357 | 1.331 |
| 2011-08-15 | 0.283 | 1.002 |
| 2011-02-11 | 0.295 | 0.771 |
| 2010-08-16 | 0.220 | 0.635 |
| 2010-02-12 | 0.082 | 0.299 |
| 2009-08-17 | 0.123 | 0.442 |
| 2009-04-23 | 0.071 | 0.326 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Newcrest Mining is not paying a notable dividend for Australia, therefore no need to check if the payments are stable.
- Newcrest Mining is not paying a notable dividend for Australia, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess Newcrest Mining's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Newcrest Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Newcrest Mining has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $6,414,000 |
| AGE | 56 |
| TENURE AS CEO | 4.8 years |
CEO Bio
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. Mr. Biswas was Chief Operating Officer at Newcrest since January 2014. He was previously Chief Executive Officer of Pacific Aluminium, a wholly owned subsidiary within the Rio Tinto group, which incorporated the bauxite, alumina, refining and smelting operations in Australia and New Zealand. He served as Head of Business Development Function at Rio Tinto Alcan Inc. since October 2007. He joined Newcrest in January 2014, as Executive Director and Chief Operating Officer. He began his career with Mount Isa Mines, working in both Australia and Europe. Sandeep has also worked for Western Mining Corporation in Australia and Rio Tinto in Canada and Australia. He served as Chief Executive Officer and Managing Director at MMG Exploration Pty Ltd. until July 6, 2015. He has experience in research, operations, business development and projects, across commodities including aluminum, copper, lead, zinc and nickel. He has been a Director of the Minerals Council of Australia since May 28, 2014 and is its Vice Chairman. He is a Director of the World Gold Council and Member of ICMM Council. He holds BEng (Chem) (Hons) and FAusIMM.
CEO Compensation
- Sandeep's compensation has been consistent with company performance over the past year.
- Sandeep's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure
Average tenure and age of the Newcrest Mining management team in years:
- The tenure for the Newcrest Mining management team is about average.
Management Team
Sandeep Biswas
MD, CEO & Director
$6M
56
4.8 yrs
Gerard Bond
Finance Director
$2M
50
7.3 yrs
Francesca Lee
Executive GM
$1M
62
5.1 yrs
Ian Kemish
Executive General Manager of People & External Relations
$1M
0.5 yrs
Michael P. Nossal
Chief Development Officer
$2M
59
3.8 yrs
Craig Jones
Executive General Manager Wafi-Golpu
$2M
47
6.8 yrs
Phil Stephenson
Executive General Manager of Gosowong
$1M
4.7 yrs
Craig Jetson
Executive General Manager of Cadia & Lihir
$1M
3.8 yrs
Chris Maitland
Head of Investor Relations
nee Badrick Kerr
Treasurer & Head of Insurance
Board of Directors Tenure
Average tenure and age of the Newcrest Mining board of directors in years:
- The tenure for the Newcrest Mining board of directors is about average.
Board of Directors
Peter Algernon Hay
Independent Non-Executive Chairman
$466K
68
5.3 yrs
Sandeep Biswas
MD, CEO & Director
$6M
56
5.3 yrs
Gerard Bond
Finance Director
$2M
50
7.2 yrs
Phil Aiken
Independent Non-Executive Director
$203K
69
6 yrs
Roger Higgins
Independent Non-Executive Director
$171K
67
3.5 yrs
Vickki McFadden
Independent Non-Executive Director
$197K
59
2.5 yrs
Xiaoling Liu
Independent Non-Executive Director
$191K
62
3.6 yrs
Peter Tomsett
Independent Non-Executive Director
60
0.6 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 05. Mar 19 | Sell | Realindex Investments Pty Limited | Company | 07. Dec 18 | 04. Mar 19 | -245,645 | A$22.45 | A$-5,514,031 | ||
| 05. Mar 19 | Buy | Realindex Investments Pty Limited | Company | 26. Nov 18 | 01. Mar 19 | 175,246 | A$22.30 | A$3,908,750 | ||
| 05. Mar 19 | Sell | First State Investments International Limited | Company | 24. Dec 18 | 04. Mar 19 | -339,516 | A$24.37 | A$-8,275,561 | ||
| 05. Mar 19 | Buy | First State Investments International Limited | Company | 23. Nov 18 | 29. Nov 18 | 77,503 | A$20.26 | A$1,570,143 | ||
| 05. Mar 19 | Sell | Colonial First State Asset Management (Australia) Limited | Company | 26. Nov 18 | 04. Mar 19 | -2,474,787 | A$24.86 | A$-60,479,339 | ||
| 05. Mar 19 | Buy | Colonial First State Asset Management (Australia) Limited | Company | 23. Nov 18 | 04. Mar 19 | 2,948,980 | A$24.77 | A$69,502,524 | ||
| 28. Feb 19 | Sell | SailingStone Capital Partners LLC | Company | 19. Dec 18 | 21. Dec 18 | -9,484 | A$21.53 | A$-204,144 | ||
| 28. Feb 19 | Buy | SailingStone Capital Partners LLC | Company | 07. Nov 18 | 05. Feb 19 | 260 | A$22.56 | A$5,865 | ||
| 28. Feb 19 | Sell | Lockheed Martin Corporation Master Retirement Trust | Company | 27. Sep 18 | 27. Sep 18 | -13,400 | A$19.37 | A$-259,535 | ||
| 28. Feb 19 | Sell | Van Eck Associates Corporation | Company | 27. Sep 18 | 13. Feb 19 | -7,756,915 | A$21.75 | A$-165,723,154 | ||
| 28. Feb 19 | Buy | Van Eck Associates Corporation | Company | 25. Sep 18 | 25. Feb 19 | 549,122 | A$24.95 | A$12,933,102 | ||
| 21. Dec 18 | Sell | Sandeep Biswas | Individual | 21. Dec 18 | 21. Dec 18 | -120,266 | A$21.45 | A$-2,579,477 | ||
| 21. Dec 18 | Sell | Gerard Bond | Individual | 21. Dec 18 | 21. Dec 18 | -32,018 | A$21.45 | A$-686,725 | ||
| 26. Nov 18 | Buy | Realindex Investments Pty Limited | Company | 30. Oct 18 | 22. Nov 18 | 342,973 | A$20.48 | A$7,023,983 | ||
| 26. Nov 18 | Buy | First State Investments International Limited | Company | 22. Nov 18 | 22. Nov 18 | 148,867 | A$21.04 | A$3,132,712 | ||
| 26. Nov 18 | Buy | Colonial First State Asset Management (Australia) Limited | Company | 26. Oct 18 | 22. Nov 18 | 672,812 | A$21.04 | A$14,156,981 | ||
| 12. Nov 18 | Buy | Orbis SICAV - Global Cautious Fund | Company | 18. Oct 18 | 02. Nov 18 | 13,399 | A$20.81 | A$278,819 | ||
| 12. Nov 18 | Buy | Orbis Oeic - Global Cautious Fund | Company | 18. Oct 18 | 02. Nov 18 | 13,395 | A$20.81 | A$278,735 | ||
| 12. Nov 18 | Sell | Orbis Investment Management Limited | Company | 02. Jul 18 | 08. Nov 18 | -1,585,110 | A$28.99 | A$-31,020,044 | ||
| 12. Nov 18 | Buy | Orbis Investment Management Limited | Company | 28. Jun 18 | 08. Nov 18 | 9,391,447 | A$21.65 | A$186,003,912 | ||
| 01. Nov 18 | Sell | Sandeep Biswas | Individual | 29. Oct 18 | 29. Oct 18 | -33,719 | A$21.18 | A$-714,259 | ||
| 01. Nov 18 | Sell | Gerard Bond | Individual | 29. Oct 18 | 29. Oct 18 | -11,292 | A$21.18 | A$-239,195 | ||
| 26. Oct 18 | Sell | First State Investments International Limited | Company | 16. May 17 | 23. Oct 18 | -592,486 | A$21.69 | A$-12,850,017 | ||
| 26. Oct 18 | Buy | Realindex Investments Pty Limited | Company | 04. May 17 | 19. Oct 18 | 2,259,291 | A$21.01 | A$47,470,324 | ||
| 26. Oct 18 | Sell | First State Investment Management (UK) Limited | Company | 07. Jun 17 | 24. Oct 18 | -1,272,867 | A$20.95 | A$-26,668,439 | ||
| 26. Oct 18 | Sell | Realindex Investments Pty Limited | Company | 18. May 17 | 19. Oct 18 | -1,037,366 | A$21.19 | A$-21,981,626 | ||
| 26. Oct 18 | Buy | First State Investments International Limited | Company | 17. May 17 | 19. Oct 18 | 2,282,427 | A$21.03 | A$47,997,051 | ||
| 26. Oct 18 | Buy | First State Investment Management (UK) Limited | Company | 17. May 17 | 05. Oct 18 | 1,039,106 | A$21.17 | A$21,997,663 | ||
| 26. Oct 18 | Sell | Commonwealth Bank Officers Superannuation Corporation Pty Limited | Company | 14. Jun 17 | 24. Oct 18 | -106,156 | A$20.89 | A$-2,217,868 | ||
| 26. Oct 18 | Buy | Commonwealth Bank Officers Superannuation Corporation Pty Limited | Company | 01. Sep 17 | 18. Oct 18 | 151,309 | A$20.56 | A$3,111,495 | ||
| 26. Oct 18 | Sell | Colonial First State Asset Management (Australia) Limited | Company | 02. May 17 | 24. Oct 18 | -14,959,001 | A$21.20 | A$-315,138,753 | ||
| 26. Oct 18 | Buy | Colonial First State Asset Management (Australia) Limited | Company | 02. May 17 | 24. Oct 18 | 8,944,751 | A$21.34 | A$187,834,932 | ||
| 25. Sep 18 | Buy | SailingStone Capital Partners LLC | Company | 21. Sep 18 | 21. Sep 18 | 6,895 | A$19.78 | A$136,410 | ||
| 25. Sep 18 | Sell | Van Eck Associates Corporation | Company | 18. Sep 18 | 21. Sep 18 | -8,433 | A$19.83 | A$-166,447 | ||
| 25. Sep 18 | Buy | Van Eck Associates Corporation | Company | 30. Aug 18 | 21. Sep 18 | 4,908,552 | A$19.84 | A$97,094,014 | ||
| 30. Aug 18 | Sell | Van Eck Associates Corporation | Company | 16. Jun 17 | 01. Aug 18 | -702,910 | A$22.66 | A$-15,618,493 | ||
| 30. Aug 18 | Buy | Van Eck Associates Corporation | Company | 13. Jun 17 | 27. Aug 18 | 424,101 | A$21.90 | A$8,985,126 | ||
| 28. Aug 18 | Sell | BlackRock, Inc. | Company | 19. Oct 16 | 27. Aug 18 | -34,733,815 | A$25.35 | A$-184,988 | ||
| 28. Aug 18 | Buy | BlackRock, Inc. | Company | 19. Oct 16 | 27. Aug 18 | 25,886,890 | A$25.35 | A$0 | ||
| 20. Aug 18 | Sell | The Vanguard Group, Inc. | Company | 16. Aug 18 | 16. Aug 18 | -18,949 | A$20.34 | A$-385,423 | ||
| 20. Aug 18 | Sell | The Vanguard Group, Inc. | Company | 19. Apr 18 | 15. Aug 18 | -293,790 | A$22.25 | A$-6,443,813 | ||
| 20. Aug 18 | Buy | The Vanguard Group, Inc. | Company | 13. Apr 18 | 15. Aug 18 | 1,421,936 | A$22.19 | A$31,552,761 | ||
| 29. Jun 18 | Sell | Orbis Investment Management Limited | Company | 24. Jul 17 | 08. Jun 18 | -1,689,527 | A$21.91 | A$-36,886,275 | ||
| 29. Jun 18 | Buy | Orbis Investment Management Limited | Company | 11. May 17 | 27. Jun 18 | 5,391,568 | A$25.38 | A$115,983,098 | ||
Management checks
We assess Newcrest Mining's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Newcrest Mining has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Should You Be Tempted To Sell Newcrest Mining Limited (ASX:NCM) Because Of Its P/E Ratio?
Newcrest Mining has a price to earnings ratio of 40.65, based on the last twelve months. … How Do I Calculate Newcrest Mining's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCan You Imagine How Chuffed Newcrest Mining's (ASX:NCM) Shareholders Feel About Its 133% Share Price Gain?
One great example is Newcrest Mining Limited (ASX:NCM) which saw its share price drive 133% higher over five years. … During the five years of share price growth, Newcrest Mining moved from a loss to profitability. … We can see that the Newcrest Mining share price is up 38% in the last three years.
Simply Wall St - – Full articleNewcrest Mining Limited (ASX:NCM): What Does The Future Look Like?
In December 2018, Newcrest Mining Limited (ASX:NCM) announced its earnings update. … with profits predicted to ramp up by an impressive 77% next year, … in-line with the past five-year average earnings growth of 78% per year
Simply Wall St - – Full articleNewcrest Mining Limited (ASX:NCM) Delivered A Weaker ROE Than Its Industry
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every A$1 worth of shareholders' equity, it generated A$0.047 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs Newcrest Mining Limited's (ASX:NCM) CEO Paid Enough Relative To Peers?
How Does Sandeep Biswas's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Newcrest Mining Limited has a market cap of AU$18b, and is paying total annual CEO compensation of US$6.4m. … While we always look at total compensation first, we note that the salary component is less, at US$1.8m.
Simply Wall St - – Full articleHere’s why Newcrest Mining Limited’s (ASX:NCM) Returns On Capital Matters So Much
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleHas Newcrest Mining Limited (ASX:NCM) Got Enough Cash?
With a market capitalization of AU$19b, Newcrest Mining Limited (ASX:NCM) is a large-cap stock, which is considered by most investors as a safe bet. … Common characteristics for these big stocks are their strong balance sheet and high liquidity, which means there's plenty of stocks available to the public for trading. … In times of low liquidity in the market, these firms won’t be left high and dry.
Simply Wall St - – Full articleHave Insiders Been Selling Newcrest Mining Limited (ASX:NCM) Shares This Year?
So shareholders might well want to know whether insiders have been buying or selling shares in Newcrest Mining Limited (ASX:NCM). … In the last twelve months, the biggest single sale by an insider was when MD, CEO & Director Sandeep Biswas sold AU$2.6m worth of shares at a price of AU$21.45 per share. … We generally consider it a negative if insiders have been selling on market, especially if they did so below the current price
Simply Wall St - – Full articleIs Newcrest Mining Limited's (ASX:NCM) High P/E Ratio A Problem For Investors?
How Do I Calculate Newcrest Mining's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) … P/E of 63.49 = $16.71 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.26
Simply Wall St - – Full articleShould You Buy Newcrest Mining Limited (ASX:NCM) For Its 1.4% Dividend?
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, Newcrest Mining Limited (ASX:NCM) has paid dividends to shareholders, and these days it yields 1.4%. … Let's take a look at Newcrest Mining in more detail.
Simply Wall St - – Full articleCompany Info
Description
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 of silver deposits. The company primarily owns and operates mines and projects located in Cadia and Telfer, Australia; Lihir, Papua New Guinea; Gosowong, Indonesia; Bonikro, Cote d’Ivoire; and other projects. Newcrest Mining Limited was founded in 1966 and is headquartered in Melbourne, Australia.
Details
| Name: | Newcrest Mining Limited |
| NCM | |
| Exchange: | ASX |
| Founded: | 1966 |
| A$19,362,662,868 | |
| 767,141,952 | |
| Website: | http://www.newcrest.com.au |
| Address: |
Newcrest Mining Limited 600 St. Kilda Road, Level 8, Melbourne, Victoria, 3004, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | NCM | Ordinary Shares | Australian Securities Exchange | AU | AUD | 02. Jan 1992 | |
| OTCPK | NCMG.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| DB | NMA | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| SWX | NCM | Ordinary Shares | SIX Swiss Exchange | CH | CHF | 02. Jan 1992 | |
| CHIA | NCM | Ordinary Shares | Chi-X Australia | AU | AUD | 02. Jan 1992 | |
| OTCPK | NCMG.Y | ADR-EACH CNV INTO 1 ORD NPV | Pink Sheets LLC | US | USD | 28. Sep 1995 | |
| DB | NMAA | ADR-EACH CNV INTO 1 ORD NPV | Deutsche Boerse AG | DE | EUR | 28. Sep 1995 |
Number of employees
Current staff
Industry
| Gold | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/22 10:30 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/17 |
| Last earnings filing: | 2019/02/13 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/06/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
