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GFI

Gold FieldsJSE:GFI Stock Report

Market Cap

R131.8b

7D

8.2%

1Y

-19.3%

Updated

22 Oct, 2021

Data

Company Financials +
GFI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance6/6
Financial Health5/6
Dividends4/6

GFI Overview

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru.

Gold Fields Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gold Fields
Historical stock prices
Current Share PriceR148.44
52 Week HighR117.26
52 Week LowR202.99
Beta0.63
1 Month Change18.94%
3 Month Change10.04%
1 Year Change-19.28%
3 Year Change255.63%
5 Year Change165.59%
Change since IPO165.07%

Recent News & Updates

Aug 22
Returns On Capital Are A Standout For Gold Fields (JSE:GFI)

Returns On Capital Are A Standout For Gold Fields (JSE:GFI)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Aug 22
Gold Fields (JSE:GFI) Is Increasing Its Dividend To R2.10

Gold Fields (JSE:GFI) Is Increasing Its Dividend To R2.10

Gold Fields Limited ( JSE:GFI ) has announced that it will be increasing its dividend on the 13th of September to...

Aug 09
Should You Be Adding Gold Fields (JSE:GFI) To Your Watchlist Today?

Should You Be Adding Gold Fields (JSE:GFI) To Your Watchlist Today?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Jun 26
Gold Fields (JSE:GFI) Seems To Use Debt Quite Sensibly

Gold Fields (JSE:GFI) Seems To Use Debt Quite Sensibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

GFIZA Metals and MiningZA Market
7D8.2%-3.8%-0.7%
1Y-19.3%-2.0%19.0%

Return vs Industry: GFI underperformed the ZA Metals and Mining industry which returned -2% over the past year.

Return vs Market: GFI underperformed the ZA Market which returned 19% over the past year.

Price Volatility

Is GFI's price volatile compared to industry and market?
GFI volatility
GFI Beta0.63
Industry Beta1.16
Market Beta1

Stable Share Price: GFI is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 6% a week.

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

About the Company

FoundedEmployeesCEOWebsite
18875,818Chris Griffithhttps://www.goldfields.com

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.24 million ounces, as well as gold mineral reserves of approximately 52.1 million ounces and mineral resources of approximately 116.0 million ounces.

Gold Fields Fundamentals Summary

How do Gold Fields's earnings and revenue compare to its market cap?
GFI fundamental statistics
Market CapUS$8.91b
Earnings (TTM)US$954.90m
Revenue (TTM)US$4.12b

9.3x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GFI income statement (TTM)
RevenueUS$4.12b
Cost of RevenueUS$2.33b
Gross ProfitUS$1.80b
ExpensesUS$840.60m
EarningsUS$954.90m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.08
Gross Margin43.57%
Net Profit Margin23.17%
Debt/Equity Ratio33.6%

How did GFI perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

35%

Payout Ratio

Valuation

Is Gold Fields undervalued compared to its fair value and its price relative to the market?

9.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GFI (ZAR148.44) is trading above our estimate of fair value (ZAR98.57)

Significantly Below Fair Value: GFI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GFI is poor value based on its PE Ratio (9.3x) compared to the ZA Metals and Mining industry average (5.7x).

PE vs Market: GFI is good value based on its PE Ratio (9.3x) compared to the ZA market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: GFI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: GFI is overvalued based on its PB Ratio (2.3x) compared to the ZA Metals and Mining industry average (1.2x).


Future Growth

How is Gold Fields forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

-2.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GFI's earnings are forecast to decline over the next 3 years (-2.8% per year).

Earnings vs Market: GFI's earnings are forecast to decline over the next 3 years (-2.8% per year).

High Growth Earnings: GFI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GFI's revenue (3.9% per year) is forecast to grow slower than the ZA market (6.4% per year).

High Growth Revenue: GFI's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GFI's Return on Equity is forecast to be low in 3 years time (14.7%).


Past Performance

How has Gold Fields performed over the past 5 years?

56.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GFI has high quality earnings.

Growing Profit Margin: GFI's current net profit margins (23.2%) are higher than last year (7.4%).


Past Earnings Growth Analysis

Earnings Trend: GFI has become profitable over the past 5 years, growing earnings by 56.2% per year.

Accelerating Growth: GFI's earnings growth over the past year (287.2%) exceeds its 5-year average (56.2% per year).

Earnings vs Industry: GFI earnings growth over the past year (287.2%) exceeded the Metals and Mining industry 252.8%.


Return on Equity

High ROE: GFI's Return on Equity (24.4%) is considered high.


Financial Health

How is Gold Fields's financial position?


Financial Position Analysis

Short Term Liabilities: GFI's short term assets ($1.6B) exceed its short term liabilities ($777.0M).

Long Term Liabilities: GFI's short term assets ($1.6B) do not cover its long term liabilities ($2.6B).


Debt to Equity History and Analysis

Debt Level: GFI's debt to equity ratio (33.6%) is considered satisfactory.

Reducing Debt: GFI's debt to equity ratio has reduced from 54.5% to 33.6% over the past 5 years.

Debt Coverage: GFI's debt is well covered by operating cash flow (100.1%).

Interest Coverage: GFI's interest payments on its debt are well covered by EBIT (16.9x coverage).


Balance Sheet


Dividend

What is Gold Fields's current dividend yield, its reliability and sustainability?

3.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GFI's dividend (3.45%) is higher than the bottom 25% of dividend payers in the ZA market (3.14%).

High Dividend: GFI's dividend (3.45%) is low compared to the top 25% of dividend payers in the ZA market (7.7%).


Stability and Growth of Payments

Stable Dividend: GFI's dividend payments have been volatile in the past 10 years.

Growing Dividend: GFI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.5%), GFI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GFI's dividends in 3 years are forecast to be well covered by earnings (25.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Chris Griffith (56 yo)

0.50

Tenure

Mr. Christopher Ivan Griffith, also known as Chris, B.Eng.(Mining) (Hons), Pr Eng., serves as Chief Executive Officer and Executive Director of Gold Fields Limited since April 01, 2021. He served as Chief...


Leadership Team

Experienced Management: GFI's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: GFI's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GFI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gold Fields Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Gold Fields Limited
  • Ticker: GFI
  • Exchange: JSE
  • Founded: 1887
  • Industry: Gold
  • Sector: Materials
  • Market Cap: R131.773b
  • Shares outstanding: 887.72m
  • Website: https://www.goldfields.com

Number of Employees


Location

  • Gold Fields Limited
  • 150 Helen Road
  • Sandown
  • Sandton
  • Gauteng
  • 2196
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 20:55
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.