Barrick Enterprise Value vs Price to Sales Ratio Analysis
GOLD Stock | USD 16.70 0.22 1.33% |
Barrick Gold financial indicator trend analysis is way more than just evaluating Barrick Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Barrick Gold Corp is a good investment. Please check the relationship between Barrick Gold Enterprise Value and its Price To Sales Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Barrick Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Enterprise Value vs Price To Sales Ratio
Enterprise Value vs Price to Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Barrick Gold Corp Enterprise Value account and Price to Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Barrick Gold's Enterprise Value and Price to Sales Ratio is -0.34. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Price to Sales Ratio in the same time period over historical financial statements of Barrick Gold Corp, assuming nothing else is changed. The correlation between historical values of Barrick Gold's Enterprise Value and Price to Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Enterprise Value of Barrick Gold Corp are associated (or correlated) with its Price to Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price to Sales Ratio has no effect on the direction of Enterprise Value i.e., Barrick Gold's Enterprise Value and Price to Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.34 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Enterprise Value
Enterprise Value (or EV) is usually referred to as Barrick Gold theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Barrick Gold Corp debt, but would also pocket its cash. Enterprise Value is more accurate representation of Barrick Gold value than its market capitalization because it takes into account all of Barrick Gold Corp existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Barrick Gold Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Barrick Gold sales, a figure that is much harder to manipulate than other Barrick Gold Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Most indicators from Barrick Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Barrick Gold Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Barrick Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. At present, Barrick Gold's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 7.68, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.01.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.9B | 3.5B | 3.5B | 2.4B | Total Revenue | 12.0B | 11.0B | 11.4B | 5.7B |
Barrick Gold fundamental ratios Correlations
Click cells to compare fundamentals
Barrick Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Barrick Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 1.8B | 1.8B | 1.8B | 1.8B | 1.8B | 1.8B | |
Total Assets | 44.4B | 46.5B | 46.9B | 46.0B | 45.6B | 24.1B | |
Short Long Term Debt Total | 5.5B | 5.4B | 5.5B | 5.3B | 4.7B | 5.1B | |
Other Current Liab | 958M | 1.2B | 1.5B | 2.3B | 1.4B | 1.4B | |
Total Current Liabilities | 2.4B | 2.2B | 2.1B | 3.1B | 2.3B | 1.6B | |
Total Stockholder Equity | 21.4B | 23.3B | 23.9B | 22.8B | 23.2B | 11.8B | |
Property Plant And Equipment Net | 24.3B | 24.7B | 25.0B | 25.9B | 26.3B | 13.4B | |
Net Debt | 2.2B | 176M | 193M | 810M | 575.0M | 546.3M | |
Retained Earnings | (9.7B) | (7.9B) | (6.6B) | (7.3B) | (6.7B) | (6.3B) | |
Accounts Payable | 715M | 929M | 539M | 741M | 674.5M | 656.5M | |
Cash | 3.3B | 5.2B | 5.3B | 4.4B | 4.1B | 2.2B | |
Non Current Assets Total | 37.5B | 38.4B | 38.6B | 37.5B | 38.2B | 19.9B | |
Non Currrent Assets Other | 3.3B | 3.6B | 3.7B | 3.8B | 3.2B | 1.9B | |
Cash And Short Term Investments | 3.3B | 5.2B | 5.3B | 4.4B | 4.1B | 2.2B | |
Net Receivables | 665M | 766M | 942M | 906M | 1.2B | 1.2B | |
Liabilities And Stockholders Equity | 44.4B | 46.5B | 46.9B | 46.0B | 45.6B | 24.1B | |
Non Current Liabilities Total | 12.2B | 12.6B | 12.5B | 11.6B | 11.4B | 8.5B | |
Inventory | 2.3B | 1.9B | 1.7B | 1.8B | 1.8B | 1.3B | |
Other Stockholder Equity | 2.0B | 2.0B | 1.9B | 1.9B | 1.9B | 2.8B | |
Total Liab | 14.6B | 14.8B | 14.6B | 14.7B | 13.7B | 10.1B | |
Total Current Assets | 6.9B | 8.1B | 8.2B | 8.5B | 7.4B | 4.2B | |
Accumulated Other Comprehensive Income | (122M) | 14M | (23M) | 26M | 61.7M | 64.8M | |
Short Term Debt | 375M | 20M | 24M | 45M | 10.9M | 10.4M | |
Other Liab | 7.0B | 7.2B | 7.0B | 6.4B | 7.3B | 7.7B | |
Other Assets | 3.6B | 3.7B | 3.8B | 3.9B | 4.4B | 2.3B | |
Long Term Debt | 5.1B | 5.3B | 5.4B | 5.1B | 5.1B | 6.3B | |
Common Stock | 29.2B | 29.2B | 28.5B | 28.1B | 28.0B | 18.4B | |
Property Plant Equipment | 24.1B | 24.6B | 25.0B | 25.8B | 29.7B | 16.0B | |
Intangible Assets | 86M | 77M | 68M | 67M | 60.3M | 57.3M | |
Current Deferred Revenue | 328M | 47M | 43M | 54M | 301.4M | 320.7M | |
Property Plant And Equipment Gross | 24.1B | 24.6B | 65.2B | 68.8B | 71.1B | 74.7B | |
Common Stock Total Equity | 20.9B | 20.9B | 29.2B | 29.2B | 33.6B | 18.8B | |
Good Will | 1.3B | 1.2B | 4.8B | 3.6B | 3.6B | 3.7B | |
Net Tangible Assets | 16.4B | 18.4B | 18.9B | 19.0B | 21.9B | 11.8B | |
Long Term Investments | 4.8B | 5.1B | 5.0B | 4.1B | 4.3B | 3.0B |
Barrick Gold Investors Sentiment
The influence of Barrick Gold's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Barrick. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Barrick Gold's public news can be used to forecast risks associated with an investment in Barrick. The trend in average sentiment can be used to explain how an investor holding Barrick can time the market purely based on public headlines and social activities around Barrick Gold Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Barrick Gold's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Barrick Gold's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Barrick Gold's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Barrick Gold.
Barrick Gold Implied Volatility | 98.67 |
Barrick Gold's implied volatility exposes the market's sentiment of Barrick Gold Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Barrick Gold's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Barrick Gold stock will not fluctuate a lot when Barrick Gold's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Barrick Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Barrick Gold's short interest history, or implied volatility extrapolated from Barrick Gold options trading.
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Is Barrick Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Barrick Gold. If investors know Barrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Barrick Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.538 | Dividend Share 0.4 | Earnings Share 0.72 | Revenue Per Share 6.494 | Quarterly Revenue Growth 0.103 |
The market value of Barrick Gold Corp is measured differently than its book value, which is the value of Barrick that is recorded on the company's balance sheet. Investors also form their own opinion of Barrick Gold's value that differs from its market value or its book value, called intrinsic value, which is Barrick Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Barrick Gold's market value can be influenced by many factors that don't directly affect Barrick Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Barrick Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barrick Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.