Stock Analysis on Net
Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

This company has been moved to the archive! The financial data has not been updated since April 29, 2024.

Analysis of Investments

Microsoft Excel

Adjustment to Net Income (Loss): Mark to Market Available-for-sale Securities

Newmont Corp., adjustment to net income (loss) attributable to Newmont stockholders

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income (loss) attributable to Newmont stockholders (as reported) (2,494) (429) 1,166 2,829 2,805
Add: Change in marketable securities, net of tax — (3) 2 (5) 5
Net income (loss) attributable to Newmont stockholders (adjusted) (2,494) (432) 1,168 2,824 2,810

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Adjusted Profitability Ratios: Mark to Market Available-for-sale Securities (Summary)

Newmont Corp., adjusted profitability ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net Profit Margin
Reported net profit margin -21.11% -3.60% 9.54% 24.61% 28.80%
Adjusted net profit margin -21.11% -3.63% 9.56% 24.56% 28.85%
Return on Equity (ROE)
Reported ROE -8.59% -2.22% 5.29% 12.30% 13.10%
Adjusted ROE -8.59% -2.23% 5.30% 12.27% 13.12%
Return on Assets (ROA)
Reported ROA -4.49% -1.11% 2.87% 6.84% 7.02%
Adjusted ROA -4.49% -1.12% 2.88% 6.83% 7.03%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Newmont Corp. adjusted net profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. Newmont Corp. adjusted ROE deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Newmont Corp. adjusted ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Newmont Corp., Profitability Ratios: Reported vs. Adjusted

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
As Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Newmont stockholders (2,494) (429) 1,166 2,829 2,805
Sales 11,812 11,915 12,222 11,497 9,740
Profitability Ratio
Net profit margin1 -21.11% -3.60% 9.54% 24.61% 28.80%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss) attributable to Newmont stockholders (2,494) (432) 1,168 2,824 2,810
Sales 11,812 11,915 12,222 11,497 9,740
Profitability Ratio
Adjusted net profit margin2 -21.11% -3.63% 9.56% 24.56% 28.85%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

2023 Calculations

1 Net profit margin = 100 × Net income (loss) attributable to Newmont stockholders ÷ Sales
= 100 × -2,494 ÷ 11,812 = -21.11%

2 Adjusted net profit margin = 100 × Adjusted net income (loss) attributable to Newmont stockholders ÷ Sales
= 100 × -2,494 ÷ 11,812 = -21.11%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Newmont Corp. adjusted net profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
As Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Newmont stockholders (2,494) (429) 1,166 2,829 2,805
Total Newmont stockholders’ equity 29,027 19,354 22,022 23,008 21,420
Profitability Ratio
ROE1 -8.59% -2.22% 5.29% 12.30% 13.10%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss) attributable to Newmont stockholders (2,494) (432) 1,168 2,824 2,810
Total Newmont stockholders’ equity 29,027 19,354 22,022 23,008 21,420
Profitability Ratio
Adjusted ROE2 -8.59% -2.23% 5.30% 12.27% 13.12%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

2023 Calculations

1 ROE = 100 × Net income (loss) attributable to Newmont stockholders ÷ Total Newmont stockholders’ equity
= 100 × -2,494 ÷ 29,027 = -8.59%

2 Adjusted ROE = 100 × Adjusted net income (loss) attributable to Newmont stockholders ÷ Total Newmont stockholders’ equity
= 100 × -2,494 ÷ 29,027 = -8.59%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. Newmont Corp. adjusted ROE deteriorated from 2021 to 2022 and from 2022 to 2023.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
As Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Newmont stockholders (2,494) (429) 1,166 2,829 2,805
Total assets 55,506 38,482 40,564 41,369 39,974
Profitability Ratio
ROA1 -4.49% -1.11% 2.87% 6.84% 7.02%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss) attributable to Newmont stockholders (2,494) (432) 1,168 2,824 2,810
Total assets 55,506 38,482 40,564 41,369 39,974
Profitability Ratio
Adjusted ROA2 -4.49% -1.12% 2.88% 6.83% 7.03%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

2023 Calculations

1 ROA = 100 × Net income (loss) attributable to Newmont stockholders ÷ Total assets
= 100 × -2,494 ÷ 55,506 = -4.49%

2 Adjusted ROA = 100 × Adjusted net income (loss) attributable to Newmont stockholders ÷ Total assets
= 100 × -2,494 ÷ 55,506 = -4.49%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Newmont Corp. adjusted ROA deteriorated from 2021 to 2022 and from 2022 to 2023.