Newmont Valuation
Is NEM * undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of NEM * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NEM * (MX$868) is trading above our estimate of fair value (MX$851)
Significantly Below Fair Value: NEM * is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NEM *?
Key metric: As NEM * is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is NEM *'s PS Ratio? | |
|---|---|
| PS Ratio | 2.9x |
| Sales | US$16.99b |
| Market Cap | US$48.94b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.2x |
| Enterprise Value/EBITDA | 9.1x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does NEM *'s PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.3x | ||
GMEXICO B Grupo México. de | 2.6x | 4.0% | Mex$807.1b |
PE&OLES * Industrias Peñoles. de | 1x | -3.4% | Mex$121.2b |
CEMEX CPO CEMEX. de | 0.5x | 1.8% | Mex$158.4b |
2899 Zijin Mining Group | 1.3x | 9.7% | HK$451.4b |
NEM * Newmont | 2.9x | 5.3% | Mex$48.9b |
Price-To-Sales vs Peers: NEM * is expensive based on its Price-To-Sales Ratio (2.9x) compared to the peer average (1.3x).
Price to Sales Ratio vs Industry
How does NEM *'s PS Ratio compare vs other companies in the South American Metals and Mining Industry?
| 4 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 4 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: NEM * is expensive based on its Price-To-Sales Ratio (2.9x) compared to the South American Metals and Mining industry average (0.6x).
Price to Sales Ratio vs Fair Ratio
What is NEM *'s PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 2.9x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate NEM *'s Price-To-Sales Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | Mex$868.00 | Mex$1,160.78 +33.7% | 12.4% | Mex$1,463.32 | Mex$905.27 | n/a | 18 |
| Nov ’25 | Mex$906.00 | Mex$1,153.83 +27.4% | 12.6% | Mex$1,455.96 | Mex$900.72 | n/a | 18 |
| Oct ’25 | Mex$1,079.49 | Mex$1,127.26 +4.4% | 12.1% | Mex$1,324.87 | Mex$882.59 | n/a | 17 |
| Sep ’25 | Mex$1,051.00 | Mex$993.73 -5.4% | 10.6% | Mex$1,140.54 | Mex$715.92 | n/a | 19 |
| Aug ’25 | Mex$922.00 | Mex$964.79 +4.6% | 10.7% | Mex$1,124.99 | Mex$706.16 | n/a | 20 |
| Jul ’25 | Mex$768.00 | Mex$910.47 +18.6% | 9.5% | Mex$1,067.87 | Mex$704.98 | n/a | 20 |
| Jun ’25 | n/a | Mex$811.41 0% | 9.2% | Mex$915.68 | Mex$649.29 | n/a | 20 |
| May ’25 | Mex$702.00 | Mex$791.83 +12.8% | 9.3% | Mex$918.96 | Mex$651.61 | n/a | 21 |
| Apr ’25 | Mex$607.75 | Mex$748.30 +23.1% | 14.7% | Mex$993.85 | Mex$551.75 | n/a | 21 |
| Mar ’25 | Mex$540.00 | Mex$792.24 +46.7% | 13.3% | Mex$1,025.89 | Mex$615.54 | n/a | 20 |
| Feb ’25 | Mex$610.00 | Mex$838.35 +37.4% | 11.4% | Mex$1,025.19 | Mex$666.37 | n/a | 20 |
| Jan ’25 | n/a | Mex$840.72 0% | 13.7% | Mex$1,052.90 | Mex$652.29 | n/a | 20 |
| Dec ’24 | Mex$695.50 | Mex$849.60 +22.2% | 13.1% | Mex$1,031.82 | Mex$660.54 | n/a | 19 |
| Nov ’24 | Mex$678.00 | Mex$899.48 +32.7% | 13.1% | Mex$1,083.21 | Mex$686.03 | Mex$906.00 | 18 |
| Oct ’24 | Mex$663.99 | Mex$929.27 +40.0% | 11.0% | Mex$1,098.15 | Mex$732.10 | Mex$1,079.49 | 18 |
| Sep ’24 | Mex$650.00 | Mex$907.37 +39.6% | 11.2% | Mex$1,057.98 | Mex$705.32 | Mex$1,051.00 | 19 |
| Aug ’24 | Mex$716.00 | Mex$926.11 +29.3% | 9.1% | Mex$1,060.21 | Mex$740.46 | Mex$922.00 | 19 |
| Jul ’24 | Mex$724.50 | Mex$980.27 +35.3% | 11.3% | Mex$1,147.01 | Mex$750.01 | Mex$768.00 | 20 |
| Jun ’24 | Mex$750.00 | Mex$1,017.10 +35.6% | 11.0% | Mex$1,185.12 | Mex$753.88 | n/a | 20 |
| May ’24 | Mex$849.66 | Mex$1,025.76 +20.7% | 10.6% | Mex$1,204.65 | Mex$768.82 | Mex$702.00 | 20 |
| Apr ’24 | Mex$881.43 | Mex$1,023.31 +16.1% | 9.8% | Mex$1,266.94 | Mex$868.76 | Mex$607.75 | 19 |
| Mar ’24 | Mex$800.42 | Mex$1,042.84 +30.3% | 8.3% | Mex$1,286.33 | Mex$918.81 | Mex$540.00 | 19 |
| Feb ’24 | Mex$1,000.00 | Mex$1,053.71 +5.4% | 7.6% | Mex$1,205.09 | Mex$866.16 | Mex$610.00 | 19 |
| Jan ’24 | Mex$928.25 | Mex$1,044.23 +12.5% | 11.5% | Mex$1,256.90 | Mex$765.92 | n/a | 19 |
| Dec ’23 | Mex$935.00 | Mex$1,022.21 +9.3% | 11.8% | Mex$1,234.57 | Mex$752.31 | Mex$695.50 | 18 |
| Nov ’23 | Mex$822.50 | Mex$1,087.36 +32.2% | 16.5% | Mex$1,568.13 | Mex$769.08 | Mex$678.00 | 18 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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