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Newmont (TSX:NGT) Cyclically Adjusted Price-to-FCF : 18.36 (As of Jun. 01, 2025)


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What is Newmont Cyclically Adjusted Price-to-FCF?

As of today (2025-06-01), Newmont's current share price is C$72.32. Newmont's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was C$3.94. Newmont's Cyclically Adjusted Price-to-FCF for today is 18.36.

The historical rank and industry rank for Newmont's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:NGT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.66   Med: 30.5   Max: 103.64
Current: 19.22

During the past years, Newmont's highest Cyclically Adjusted Price-to-FCF was 103.64. The lowest was 12.66. And the median was 30.50.

TSX:NGT's Cyclically Adjusted Price-to-FCF is ranked better than
57.66% of 248 companies
in the Metals & Mining industry
Industry Median: 25.995 vs TSX:NGT: 19.22

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Newmont's adjusted free cash flow per share data for the three months ended in Mar. 2025 was C$1.535. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is C$3.94 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Newmont Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Newmont's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Newmont Cyclically Adjusted Price-to-FCF Chart

Newmont Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.41 34.33 20.72 16.77 13.83

Newmont Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.22 16.37 20.38 13.83 17.61

Competitive Comparison of Newmont's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Newmont's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Newmont's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newmont's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Newmont's Cyclically Adjusted Price-to-FCF falls into.


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Newmont Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Newmont's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=72.32/3.94
=18.36

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Newmont's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Newmont's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.535/134.9266*134.9266
=1.535

Current CPI (Mar. 2025) = 134.9266.

Newmont Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.283 100.684 0.379
201509 1.319 100.392 1.773
201512 -0.387 99.792 -0.523
201603 0.613 100.470 0.823
201606 1.195 101.688 1.586
201609 1.444 101.861 1.913
201612 0.817 101.863 1.082
201703 0.480 102.862 0.630
201706 0.842 103.349 1.099
201709 0.669 104.136 0.867
201712 1.035 104.011 1.343
201803 0.077 105.290 0.099
201806 0.346 106.317 0.439
201809 0.368 106.507 0.466
201812 1.183 105.998 1.506
201903 0.866 107.251 1.089
201906 -0.140 108.070 -0.175
201909 0.585 108.329 0.729
201912 1.243 108.420 1.547
202003 1.049 108.902 1.300
202006 0.646 108.767 0.801
202009 2.134 109.815 2.622
202012 2.047 109.897 2.513
202103 0.693 111.754 0.837
202106 0.883 114.631 1.039
202109 1.182 115.734 1.378
202112 1.376 117.630 1.578
202203 0.410 121.301 0.456
202206 0.844 125.017 0.911
202209 -0.094 125.227 -0.101
202212 0.620 125.222 0.668
202303 -0.077 127.348 -0.082
202306 0.079 128.729 0.083
202309 0.678 129.860 0.704
202312 -0.417 129.419 -0.435
202403 -0.087 131.776 -0.089
202406 0.745 132.554 0.758
202409 0.909 133.029 0.922
202412 2.052 133.157 2.079
202503 1.535 134.927 1.535

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Newmont  (TSX:NGT) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Newmont Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Newmont's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Newmont Business Description

Industry
Address
6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to sell roughly 5.6 million ounces of gold in 2025 from its core mines after selling six higher-cost, smaller mines. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2024.

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