How does NCM's PE Ratio compare to its peers?

NCM is good value based on its Price-To-Earnings Ratio (17.2x) compared to the peer average (30.4x).

How does NCM's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

NCM is expensive based on its Price-To-Earnings Ratio (17.2x) compared to the Australian Metals and Mining industry average (11x).

What is NCM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NCM is good value based on its Price-To-Earnings Ratio (17.2x) compared to the estimated Fair Price-To-Earnings Ratio (20.7x).

What is the Fair Price of NCM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NCM (A$23.52) is trading below our estimate of [[fair value]] (A$26.29)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Newcrest Mining (CHIA:NCM) - Stock Price, News & Analysis

NCM Stock Overview

Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and gold/copper concentrates. More details

NCM fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	2/6
Financial Health	5/6
Dividends	2/6

Rewards

Trading at 10.5% below our estimate of its fair value

Earnings are forecast to grow 12.15% per year

Risk Analysis

No risks detected for NCM from our risk checks.

Newcrest Mining Limited Competitors

Northern Star Resources

ASX:NST

AU$19.6b

Evolution Mining

ASX:EVN

AU$9.8b

Perseus Mining

ASX:PRU

AU$3.6b

Westgold Resources

ASX:WGX

AU$2.6b

Price History & Performance

Summary of all time highs, changes and price drops for Newcrest Mining
Historical stock prices
Current Share Price	AU$23.52
52 Week High	AU$30.26
52 Week Low	AU$18.02
Beta	0.70
11 Month Change	-3.45%
3 Month Change	-9.89%
1 Year Change	29.80%
33 Year Change	-20.46%
5 Year Change	14.90%
Change since IPO	123.57%

Recent updates

Shareholder Returns

	NCM	AU Metals and Mining	AU Market
7D	0%	-0.9%	1.5%
1Y	29.8%	-12.8%	17.2%

Return vs Industry: NCM exceeded the Australian Metals and Mining industry which returned -4% over the past year.

Return vs Market: NCM exceeded the Australian Market which returned -0.5% over the past year.

Price Volatility

Is NCM's price volatile compared to industry and market?
NCM volatility
NCM Average Weekly Movement	3.7%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: NCM has not had significant price volatility in the past 3 months.

Volatility Over Time: NCM's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1966	n/a	Sherry Duhe	www.newcrest.com

Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and gold/copper concentrates. The company is involved in the exploration and production of silver deposits. It primarily owns and operates mines and projects located in Cadia, Telfer, and Havieron, Australia; Lihir and Wafi-Golpu, Papua New Guinea; and Brucejack and Red Chris, Canada.

Newcrest Mining Limited Fundamentals Summary

How do Newcrest Mining's earnings and revenue compare to its market cap?
NCM fundamental statistics
Market cap	AU$20.82b
Earnings (TTM)	AU$1.21b
Revenue (TTM)	AU$7.02b

17.2x

P/E Ratio

3.0x

P/S Ratio

Is NCM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NCM income statement (TTM)
Revenue	US$4.51b
Cost of Revenue	US$3.28b
Gross Profit	US$1.23b
Other Expenses	US$448.00m
Earnings	US$778.00m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.87
Gross Margin	27.20%
Net Profit Margin	17.26%
Debt/Equity Ratio	16.5%

How did NCM perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

40%

Payout Ratio

NCM Stock Overview

Rewards

Risk Analysis

Newcrest Mining Limited Competitors

ASX:NST

AU$19.6b

ASX:EVN

AU$9.8b

ASX:PRU

AU$3.6b

ASX:WGX

AU$2.6b

Price History & Performance

Recent News & Updates

Newcrest Mining Limited(ASX:NCM) dropped from FTSE All-World Index (USD)

Newmont Corporation (NYSE:NEM) completed the acquisition of Newcrest Mining Limited (ASX:NCM) from State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Allan Gray Australia Pty Ltd. and others.

Newmont Corporation (NYSE:NEM) completed the acquisition of Newcrest Mining Limited (ASX:NCM) from State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Allan Gray Australia Pty Ltd. and others.

Newmont Corporation (NYSE:NEM) completed the acquisition of Newcrest Mining Limited (ASX:NCM) from State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Allan Gray Australia Pty Ltd. and others.

Newcrest Mining Limited Announces Fully Franked Special Dividend, Payable on 27 October 2023

Newcrest Mining Limited Determines Final Fully Franked Dividend, Payable 18 September 2023

Recent updates

Newcrest Mining Limited(ASX:NCM) dropped from FTSE All-World Index (USD)

Newmont Corporation (NYSE:NEM) completed the acquisition of Newcrest Mining Limited (ASX:NCM) from State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Allan Gray Australia Pty Ltd. and others.

Newmont Corporation (NYSE:NEM) completed the acquisition of Newcrest Mining Limited (ASX:NCM) from State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Allan Gray Australia Pty Ltd. and others.

Newmont Corporation (NYSE:NEM) completed the acquisition of Newcrest Mining Limited (ASX:NCM) from State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Allan Gray Australia Pty Ltd. and others.

Newcrest Mining Limited Announces Fully Franked Special Dividend, Payable on 27 October 2023

Newcrest Mining Limited Determines Final Fully Franked Dividend, Payable 18 September 2023

Full year 2023 earnings released: EPS: US$0.87 (vs US$1.03 in FY 2022)

Headwater Gold Inc. and Newcrest Mining Limited Commences Drill Program

Newcrest Mining Limited Announces Interim Dividend for the Six Months Period Ended December 31, 2022, Payable on March 30, 2023

First half 2023 earnings released: EPS: US$0.33 (vs US$0.36 in 1H 2022)

Newmont Corporation (NYSE:NEM) made an offer to acquire Newcrest Mining Limited (ASX:NCM) for AUD 23.4 billion.

Newcrest Mining Limited Provides Update on Exploration Portfolio

Newcrest Mining Limited Announces Executive Changes

Newcrest Mining Limited to Report Q1, 2024 Results on Oct 26, 2023

Newcrest Mining Limited Announces the Brucejack Mine Resumes Mining and Processing Operations

Newcrest Mining Limited Announces Cadia PC1-2 Feasibility Study Demonstrates Strong Financial Returns

Newcrest Mining Limited Announces Telfer Mine Life Extended West Dome Stage 8 Approval

MD, CEO & Director recently bought AU$1.3m worth of stock

Newcrest Mining Limited to Report Q3, 2023 Results on Apr 27, 2023

Independent Non-Executive Director recently bought AU$97k worth of stock

Full year 2022 earnings released: EPS: US$1.03 (vs US$1.43 in FY 2021)

Shareholder Returns

Price Volatility

About the Company

Newcrest Mining Limited Fundamentals Summary

17.2x

3.0x

Earnings & Revenue

Dividends

2.3%

40%