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Newmont (NEM) Financial Forecast Calculator

Interactive 5-year forecast and DCF for Newmont. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Newmont’s most recent SEC filings.

Revenue FY30
$15.03B
from $11.81B
FCF FY30
$5.33B
Margin 35.4%
Enterprise value
$76.68B
6.5× LTM revenue
Equity value
$71.21B
Net debt $5.47B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
4.9%
-10.0%baseline 4.9%40.0%
Gross margin
49.5%
5.0%baseline 49.5%90.0%
Capex % of revenue
16.1%
0.0%baseline 16.1%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the Newmont forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Other Materials forecasts

Run the same calculator on a peer.

Frequently asked

What does Newmont Corporation do?+

Newmont Corporation is the world's leading gold company, also producing copper, silver, zinc, and lead. It operates a global portfolio of assets, recently streamlining its business by divesting non-core assets to focus on its Tier 1 operations.

What are the primary revenue drivers for Newmont?+

Newmont's revenue is primarily driven by metal price cycles, mine sequencing, and the volume of metals extracted from its operations. The company's strategic focus on its Tier 1 portfolio after recent divestitures will also influence future revenue generation.

What is a key assumption for capital expenditure in the Newmont financial model?+

The financial model assumes Capex as a percentage of revenue is approximately 16.07%. Historically, Newmont's capital expenditure typically ranges between 15% to 25% of revenue, with sustaining capital making up about 60% of this total.

How does the Newmont financial model assist in valuation?+

The Newmont financial model is designed as a comprehensive equity valuation and scenario planning tool. It enables analysts to forecast free cash flow and net asset value (NAV) based on factors like metal price cycles and mine sequencing.

What is Newmont's approach to mergers and acquisitions?+

Newmont has a history as a transformational acquirer, notably acquiring Goldcorp in 2019 and Newcrest in 2023. These acquisitions are often followed by periods of portfolio rationalisation and debt reduction, with acquisition multiples typically based on Net Asset Value (NAV).

Can I download an Excel model for Newmont, and what is its forecast horizon?+

Yes, an Excel model for Newmont is available for download. This model provides a forecast horizon spanning from Fiscal Year 2026 through Fiscal Year 2030.

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