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

GFI is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the peer average (14.5x).

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

GFI is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the African Metals and Mining industry average (12.3x).

What is GFI'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.

GFI is good value based on its Price-To-Earnings Ratio (20.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.9x).

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

GFI (ZAR272.92) is trading below our estimate of [[fair value]] (ZAR407.31)

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.

Gold Fields (JSE:GFI) - Stock Price, News & Analysis

GFI Stock Overview

Operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. More details

GFI fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	5/6
Past Performance	4/6
Financial Health	5/6
Dividends	2/6

Rewards

Trading at 33% below our estimate of its fair value

Earnings are forecast to grow 40.43% per year

Earnings grew by 6.7% over the past year

Risk Analysis

No risks detected for GFI from our risk checks.

Gold Fields Limited Competitors

Harmony Gold Mining

JSE:HAR

R109.3b

Anglo American Platinum

JSE:AMS

R168.9b

Kumba Iron Ore

JSE:KIO

R110.6b

Northam Platinum Holdings

JSE:NPH

R45.5b

Price History & Performance

Summary of all time highs, changes and price drops for Gold Fields
Historical stock prices
Current Share Price	R272.92
52 Week High	R359.55
52 Week Low	R222.77
Beta	0.79
11 Month Change	-16.02%
3 Month Change	-3.87%
1 Year Change	5.40%
33 Year Change	59.15%
5 Year Change	262.44%
Change since IPO	387.36%

Recent updates

Shareholder Returns

	GFI	ZA Metals and Mining	ZA Market
7D	9.6%	3.7%	1.7%
1Y	5.4%	-2.0%	15.6%

Return vs Industry: GFI exceeded the ZA Metals and Mining industry which returned 1.7% over the past year.

Return vs Market: GFI underperformed the ZA Market which returned 15.2% over the past year.

Price Volatility

Is GFI's price volatile compared to industry and market?
GFI volatility
GFI Average Weekly Movement	6.3%
Metals and Mining Industry Average Movement	6.8%
Market Average Movement	4.5%
10% most volatile stocks in ZA Market	9.5%
10% least volatile stocks in ZA Market	2.6%

Stable Share Price: GFI has not had significant price volatility in the past 3 months compared to the ZA market.

Volatility Over Time: GFI's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1887	6,262	Mike Fraser	www.goldfields.com

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.

Gold Fields Limited Fundamentals Summary

How do Gold Fields's earnings and revenue compare to its market cap?
GFI fundamental statistics
Market cap	R244.27b
Earnings (TTM)	R12.15b
Revenue (TTM)	R78.95b

20.1x

P/E Ratio

3.1x

P/S Ratio

Is GFI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GFI income statement (TTM)
Revenue	US$4.36b
Cost of Revenue	US$3.00b
Gross Profit	US$1.36b
Other Expenses	US$687.60m
Earnings	US$670.70m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.75
Gross Margin	31.17%
Net Profit Margin	15.39%
Debt/Equity Ratio	26.0%

How did GFI perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

53%

Payout Ratio

GFI Stock Overview

Rewards

Risk Analysis

Gold Fields Limited Competitors

JSE:HAR

R109.3b

JSE:AMS

R168.9b

JSE:KIO

R110.6b

JSE:NPH

R45.5b

Price History & Performance

Recent News & Updates

Gold Fields Limited to Report Q3, 2024 Results on Nov 14, 2024

Now 21% undervalued

Investor sentiment improves as stock rises 18%

High number of new directors

Price target decreased by 8.3% to R265

First half dividend of R3.00 announced

Recent updates

Gold Fields Limited to Report Q3, 2024 Results on Nov 14, 2024

Now 21% undervalued

Investor sentiment improves as stock rises 18%

High number of new directors

Price target decreased by 8.3% to R265

First half dividend of R3.00 announced

Gold Fields Limited Announces Executive Changes

First half 2024 earnings released: EPS: US$0.43 (vs US$0.51 in 1H 2023)

Gold Fields Limited Approves an Interim Dividend for the Six Months Ended 30 June 2024, Payable on 16 September 2024

Gold Fields Limited (JSE:GFI) entered into a definitive arrangement agreement to acquire Osisko Mining Inc. (TSX:OSK) from Elysee Development Corp. (TSXV:ELC) and others for CAD 1.8 billion.

Investor sentiment deteriorates as stock falls 17%

Gold Fields Limited to Report First Half, 2024 Results on Aug 23, 2024

New minor risk - Share price stability

Gold Fields Limited Announces Chief Financial Officer Changes

Now 21% undervalued

Price target increased by 9.9% to R268

Consensus EPS estimates increase by 21%

Gold Fields Limited to Report Q1, 2024 Results on May 23, 2024

Full year 2023 earnings released: EPS: US$0.81 (vs US$0.78 in FY 2022)

Insider exercised options and sold R12m worth of stock

Upcoming dividend of R4.20 per share

Galiano Gold Inc. (TSX:GAU) acquired 45% stake in Asanko Gold Mine in Ghana from Gold Fields Limited (JSE:GFI) and Gold Fields Orogen Holding (BVI) Ltd. for $170 million

Investor sentiment improves as stock rises 18%

Full year 2023 earnings released

Gold Fields Limited to Report Fiscal Year 2023 Final Results on Mar 28, 2024

High number of new directors

Gold Fields Limited to Report Q4, 2023 Results on Feb 22, 2024

Now 22% undervalued

Gold Fields Limited Provides Production Guidance for the Years 2024, 2025 and 2026

Galiano Gold Inc. (TSX:GAU) entered a share purchase agreement to acquire additional 45% stake in Asanko Gold Mine in Ghana from Gold Fields Limited (JSE:GFI) and Gold Fields Orogen Holding (BVI) Ltd. for $170 million.

Investor sentiment improves as stock rises 16%

Gold Fields Limited Appoints Carel Albert Tecumseh Smit to Risk Committee, Capital Projects Control and Review Committee and Ad Hoc Investment Committee, Effect from 1 December 2023

Investor sentiment improves as stock rises 15%

Gold Fields Limited Announces Executive Changes, Effective 31 December 2023, Effective 1 January 2024

An unknown buyer acquired an unknown stake in Gold Fields Limited (JSE:GFI).

Upcoming dividend of R3.25 per share at 3.1% yield

Consensus EPS estimates increase by 13%

High number of new directors

Gold Fields Limited Announces Retirement of Paul Schmidt, Executive Director

Gold Fields Limited Announces Retirement of Paul Schmidt, Chief Financial Officer

Gold Fields Limited Provides Production Guidance for the Second Quarter and Earnings and Production Guidance for the Six Months Ended June 30, 2023

Gold Fields Limited to Report First Half, 2023 Results on Aug 17, 2023

Gold Fields Limited Appoints Carel Albertus Tecumseh Smit to Audit Committee

Gold Fields Limited Announces Appointment of Carel Albert Tecumseh Smit as Non-Executive Director, Effective 1 June 2023

Gold Fields Limited Provides Production Guidance for the Year 2023

Gold Fields Limited Provides Production Guidance for the Fourth Quarter and Full Year 2022

Gold Fields Limited, Annual General Meeting, May 31, 2023

Gold Fields Limited Announces Chris Griffith Will Step Down from the Board of Directors, Effective 31 December 2022

VanEck, Opposes Gold Fields' Takeover of Yamana

Gold Fields Limited Announces Resumption of Operations At Most St Ives Mines

Galiano Gold Inc. Provides Update of Drilling Results at Nkran Following the Completion of an Infillb Drilling Program at the Asanko Gold Mine

Gold Fields Limited Announces Interim Dividend for the Six Months to 30 June 2022, Payable on September 19, 2022

Gold Fields Limited Approves Committee Changes

Gold Fields Limited Provides Earnings Guidance for the First Half and Production Guidance for the Second Quarter and First Half Ending 30 June 2022

Gold Fields Limited (JSE:GFI) entered into a definitive agreement to acquire Yamana Gold Inc. (TSX:YRI) for $7.1 billion.

Gold Fields Limited (JSE:GFI) entered into a definitive agreement to acquire Yamana Gold Inc. (TSX:YRI) for $7.1 billion.

Gold Fields Appoints Maria Cristina Bitar as A Non-Executive Director

Gold Fields Limited to Report First Half, 2022 Results on Aug 18, 2022

Gold Fields Limited Provides Production Guidance for the Fiscal Year 2022