Newmont Corporation (NEM.AX)

DCF Valuation · Basic Materials · Gold

Valuation as at 2026-08-14 · see also the ASX 300 Most Undervalued screen

About Newmont Corporation

Newmont Corporation operates as a gold producer. It also explores for copper, silver, lead, zinc, and other metals. It has operations and/or assets in the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, Dominican Republic, Chile, Peru, Ecuador, Mexico, and Canada.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Newmont Corporation NEM.AX

Basic Materials · Gold

Price
$160.34
Market Cap
$168.95B
Free Cash Flow
$12.49B
Beta
0.50
P/E (TTM)
14.3x
52-Week Range
$104.51–$190.91

Newmont Corporation's price & financial trends

Each card is labelled with its own reporting period — quarterly where Yahoo provides it for this market, annual otherwise.

Data as at 2026-08-14

Share price · last 2 years

$160.34 +105% vs 2024-08
ASX 200 $78.27$69.20$87.31$139.25$150.32$160.34 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per quarter

$2.06 +23% vs Q1 '25
$1.68$1.85$1.19$3.01$2.06Q1 '25Q2 '25Q4 '25Q1 '26Q2 '26

Free cash flow Per quarter

$2.21B +29% vs Q2 '25
$1.71B$1.57B$2.81B$3.14B$2.21BQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Dividend per share Per quarter

$0.26 +3% vs Q2 '25
$0.25$0.25$0.26$0.26Q2 '25Q4 '25Q1 '26Q2 '26

Value investing scale · Buffett · Dalio · Graham

Strong Fit
18 / 20 combined score

See the full Buffett, Dalio & Graham breakdown for NEM.AX →

Intrinsic value estimate · 5-year forecast

BEAR
$230.09
vs current $160.34
+43.5% ✅ Undervalued
BASE
$361.39
vs current $160.34
+125.4% ✅ Undervalued
BULL
$590.77
vs current $160.34
+268.4% ✅ Undervalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
$12.49B
Reported free cash flow (Yahoo)
Risk-free rate
4.80% ● LIVE
Live 10-yr govt bond
Beta
0.50
Floored for non-US stocks
Equity risk premium
6.00%
Market-specific seed
Cost of debt
5.40%
Synthetic rating AAA, ICR 48.1x
Tax rate
25.00%
Estimated default
Capital structure
E 96% / D 4%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth6.7%13.3%20.0%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)8.63%7.63%6.63%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 4.80% + 0.50 × 6.00% = 7.80% · WACC = weighted by 96%/4% capital structure

These numbers come from running Newmont Corporation's cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or NEM.AX's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with NEM.AX →

More ASX stocks we've valued

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-14 from Yahoo Finance data, using the same engine as the full DCF tool and the ASX 300 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Newmont Corporation (NEM.AX) undervalued?

The Base-case DCF estimates intrinsic value at $361.39 vs a price of $160.34 on 2026-08-14 — a +125.4% margin, so the Base case reads undervalued. This is a mechanical output, not advice.