Mulya.ai
Ticker
NEM
Scenario
Key Inputs
Revenue est.?Analysttaper yr2
OP margin est.?hist_ind
Reinvestment est.?projected
R&D capitalizedNo
Leases factoredNo
Key Assumptions
WACC ?5.8%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.389
Beta (levered) ?0.390
Terminal OM% ?13.1%
Segment conc. ?63% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 4 · 23.6%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

NEM · Newmont Corporation

$114.052026-05-17
Sector: Basic Materials; Industry: Gold; Sub-Industry: Gold

Intrinsic Value Range Comparison · Mulya.ai

Bull
$165
+44.5% vs market
Base · active
$164
+43.6% vs market
Bear
$57
-50.3% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $57
Market $114
Median $140
Base $164
Bull $165
Market Price $114
Mulya.ai Base $164
Analysts Median $140
Mulya.ai IV range ($57 · $165)
Analysts Range ($97 · $177)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2021.Q4$12.2B15.7%45.0%$1.1B−$331MM$723MM3.8%4.6%$22.7B$1.05
2022.Q4$11.9B-2.0%13.6%45.0%$892MM−$964MM−$72MM5.6%4.1%$21.3B$-0.41
2023.Q4$11.8B-1.5%5.5%0.0%$843MM−$475MM$368MM5.7%3.0%$35.0B$-2.28
2024.Q4$18.6B57.6%31.0%29.7%$4.0B−$1.9B$2.2B6.2%11.6%$34.9B$3.02
2025.Q4$22.1B19.1%46.9%39.1%$6.3B$1.5B$7.8B6.0%20.5%$26.7B$6.3912.2
italics below = DCF projection · 10yr Rev CAGR: 16.3%
2026.Q4$28.5B+29.1%46.9%37.2%$8.4B−$1.7B$6.7B6.1%$6.3B30.5%$28.4B$7.5815.0
2027.Q4$36.0B+26.3%43.1%35.3%$10.1B−$2.7B$7.4B6.3%$6.5B33.8%$31.1B$9.0712.6
2028.Q4$44.5B+23.5%39.4%33.4%$11.7B−$4.7B$7.0B6.6%$5.8B34.9%$35.7B$10.5310.8
2029.Q4$53.7B+20.8%35.6%31.4%$13.1B−$413MM$12.7B6.8%$9.9B36.5%$36.2B$11.849.6
2030.Q4$63.4B+18.0%31.9%29.5%$14.2B−$503MM$13.7B7.1%$10.0B39.1%$36.7B$12.848.9
Term. Yr+$104.2B4.1%13.1%20.0%$10.9B−$1.9B$9.0B8.6%$99.9B23.6%
Active scenario IV: $164 (+43.6% vs market)