Sector: Gold mining
ZA_GFI
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/GFI
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | FY 2025 (12M) | OK | 8751.3 y/y 68.2% | 4405.5 y/y 110.5% | 920.4 y/y 46.7% | 5325.9 y/y 95.8% | 3567.4 y/y 186.5% | 3772.2 | -1398.5 | 15225.2 y/y 50.1% | 8432.6 y/y 62.1% | 52.3% | 959.0 | Link |
| 2024-12-31 | FY 2024 (12M) | OK | 5201.6 y/y 15.6% | 2093.2 y/y 42.7% | 627.4 y/y -21.1% | 2720.6 y/y 20.3% | 1245.0 y/y 77.0% | 1607.0 | -1183.4 | 10142.9 y/y 23.3% | 5201.4 y/y 16.2% | 25.7% | 1635.4 | Link |
| 2023-12-31 | FY 2023 (12M) | OK | 4500.7 y/y — | 1467.1 y/y — | 795.3 y/y — | 2262.4 y/y — | 703.3 y/y — | 1192.8 | -1054.7 | 8226.3 y/y — | 4476.1 y/y — | — | 587.8 | Link |
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Current 4 126spot vs LTM -3%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -21.8%
Main driver: Gold -3% vs LTM; revenue ×0.97 vs costs ×1.04; EBITDA 6 336→4 994; at 5.0× EV/EBITDA → -22%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Gold (rev) | +100% | 4 126.45 | 4 246.02 | 3 157.77 | -3% | -26% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 8 751 |
| LTM EBITDA | 6 336 |
| LTM cash costs (revenue − EBITDA) | 2 416 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×0.972 (-3%) |
| = Spot revenue | 8 505 |
| Revenue multiplier — 3y price | ×0.744 (-26%) |
| = 3-year-price revenue | 6 508 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 2 512 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 2 512 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 5 993 |
| = 3-year-price EBITDA | 3 996 |
| Conservative EBITDA = min(spot, avg) | 4 994 |
| 5 · Valuation → target market cap | |
| Historical EV/EBITDA (75th pct) | 5.0x |
| Target EV = EV/EBITDA × conservative EBITDA | 25 173 |
| Net debt | 959 |
| Target market cap = EV − net debt | 24 214 |
| Current market cap | 30 975 |
Upside = target market cap ÷ current − 1 = -21.8%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2021 FY | 4 195 | 3 933 | +6.7% | 2 101 | 1 930 | +8.8% |
| 2022 FY | 4 287 | 4 194 | +2.2% | 2 093 | 2 015 | +3.8% |
| 2023 FY | 4 501 | 4 624 | -2.7% | 2 111 | 2 342 | -9.9% |
| 2024 FY | 5 202 | 5 534 | -6.0% | 2 746 | 3 049 | -9.9% |
Projected EV/EBITDA 5.2x · target 75th pct (3y) 19.5x · LTM avg 6.6x
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-03-13 | 1.442 USD | Ex-dividend: 1.442 USD per share | Paid | Yahoo Finance (ex-div) |
| 2025-03-14 | 0.375 USD | Ex-dividend: 0.375 USD per share | Paid | Yahoo Finance (ex-div) |
| 2024-09-13 | 0.169 USD | Ex-dividend: 0.169 USD per share | Paid | Yahoo Finance (ex-div) |
| 2024-03-14 | 0.219 USD | Ex-dividend: 0.219 USD per share | Paid | Yahoo Finance (ex-div) |
| 2023-09-07 | 0.171 USD | Ex-dividend: 0.171 USD per share | Paid | Yahoo Finance (ex-div) |
| 2023-03-16 | 0.243 USD | Ex-dividend: 0.243 USD per share | Paid | Yahoo Finance (ex-div) |
| 2022-09-15 | 0.178 USD | Ex-dividend: 0.178 USD per share | Paid | Yahoo Finance (ex-div) |
| 2022-03-10 | 0.174 USD | Ex-dividend: 0.174 USD per share | Paid | Yahoo Finance (ex-div) |
| 2021-09-09 | 0.138 USD | Ex-dividend: 0.138 USD per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Investor reporting (IR): https://www.goldfields.com/investor-overview.php
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)