Gold Fields Limited (GFI) Financial Ratios
30 years of historical data (1995–2024) · Basic Materials · Gold
EV/EBITDA
↑
14.50
↑+190% vs avg
5yr avg: 5.01
30Y Low1.6·High20.4
P/FCF
↑
52.70
↑+178% vs avg
5yr avg: 18.97
30Y Low12.4·High46.6
P/B Ratio
↑
6.97
↑+202% vs avg
5yr avg: 2.30
30Y Low0.4·High4.9
ROE
↑
24.9%
↓+28% vs avg
5yr avg: 19.4%
30Y Low-12%·High30%
Debt/EBITDA
↑
1.08
↑+33% vs avg
5yr avg: 0.82
30Y Low0.1·High2.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GFI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Gold Fields Limited trades at 30.3x earnings, 132% above its 5-year average of 13.1x, sitting at the 77th percentile of its historical range. Compared to the Basic Materials sector median P/E of 22.3x, the stock trades at a premium of 36%. On a free-cash-flow basis, the stock trades at 52.7x P/FCF, 178% above the 5-year average of 19.0x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $37.4B | $11.8B | $12.9B | $9.3B | $9.8B | $8.2B | $5.5B | $2.9B | $3.6B | $2.4B | $2.1B |
| Enterprise Value | $39.5B | $13.9B | $14.0B | $10.0B | $10.8B | $9.3B | $7.2B | $4.6B | $4.9B | $3.6B | $3.5B |
| P/E Ratio → | 30.26 | 9.57 | 18.78 | 13.44 | 12.08 | 11.44 | 34.74 | — | — | 15.84 | — |
| P/S Ratio | 7.19 | 2.27 | 2.88 | 2.16 | 2.34 | 2.12 | 1.87 | 1.14 | 1.29 | 0.91 | 0.87 |
| P/B Ratio | 6.97 | 2.20 | 2.80 | 2.07 | 2.29 | 2.15 | 1.82 | 1.04 | 1.01 | 0.74 | 0.81 |
| P/FCF | 52.70 | 16.67 | 29.58 | 15.06 | 21.17 | 12.40 | 19.92 | — | — | 18.60 | 14.81 |
| P/OCF | 19.09 | 6.04 | 8.29 | 5.50 | 6.32 | 6.60 | 6.22 | 4.77 | 4.47 | 2.55 | 2.83 |
P/E links to full P/E history page with 30-year chart
GFI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Gold Fields Limited's enterprise value stands at 14.5x EBITDA, 190% above its 5-year average of 5.0x. The Basic Materials sector median is 11.0x, placing the stock at a 32% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.67 | 3.10 | 2.32 | 2.57 | 2.39 | 2.43 | 1.80 | 1.76 | 1.35 | 1.44 |
| EV / EBITDA | 14.50 | 5.11 | 6.30 | 4.58 | 4.70 | 4.34 | 5.44 | 4.73 | 4.00 | 3.15 | 3.90 |
| EV / EBIT | 18.85 | 6.86 | 10.97 | 8.14 | 7.79 | 7.14 | 15.92 | — | 20.79 | 8.28 | 38.41 |
| EV / FCF | — | 19.61 | 31.92 | 16.21 | 23.26 | 14.00 | 25.91 | — | — | 27.49 | 24.34 |
GFI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Gold Fields Limited earns an operating margin of 40.2%, significantly above the Basic Materials sector average of 9.2%. Operating margins have expanded from 32.7% to 40.2% over the past 3 years, signaling improving operational efficiency. ROE of 24.9% indicates solid capital efficiency. ROIC of 24.0% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.5% | 42.5% | 36.4% | 36.6% | 40.7% | 42.1% | 29.0% | 18.3% | 21.5% | 22.0% | 15.6% |
| Operating Margin | 40.2% | 40.2% | 31.6% | 32.7% | 36.9% | 37.5% | 23.1% | 10.5% | 16.8% | 13.6% | 9.8% |
| Net Profit Margin | 23.9% | 23.9% | 15.6% | 16.6% | 18.8% | 18.6% | 5.4% | -13.5% | -1.2% | 5.9% | -9.7% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.9% | 24.9% | 15.5% | 16.2% | 19.5% | 21.1% | 5.5% | -11.0% | -0.9% | 5.3% | -7.6% |
| ROA | 13.6% | 13.6% | 9.0% | 9.7% | 10.7% | 10.3% | 2.6% | -5.5% | -0.5% | 2.7% | -3.9% |
| ROIC | 24.0% | 24.0% | 19.7% | 20.2% | 22.9% | 22.8% | 11.1% | 4.3% | 7.5% | 6.4% | 3.9% |
| ROCE | 27.6% | 27.6% | 21.4% | 21.4% | 23.7% | 24.9% | 12.8% | 4.8% | 8.3% | 6.9% | 4.4% |
GFI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Gold Fields Limited carries a Debt/EBITDA ratio of 1.1x, which is manageable (57% below the sector average of 2.5x). Net debt stands at $2.1B ($2.9B total debt minus $860M cash). Interest coverage of 115.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.55 | 0.55 | 0.36 | 0.33 | 0.35 | 0.51 | 0.72 | 0.74 | 0.50 | 0.51 | 0.69 |
| Debt / EBITDA | 1.08 | 1.08 | 0.75 | 0.68 | 0.65 | 0.91 | 1.64 | 2.15 | 1.47 | 1.48 | 2.02 |
| Net Debt / Equity | — | 0.39 | 0.22 | 0.16 | 0.23 | 0.28 | 0.55 | 0.60 | 0.37 | 0.35 | 0.52 |
| Net Debt / EBITDA | 0.77 | 0.77 | 0.46 | 0.32 | 0.42 | 0.50 | 1.26 | 1.74 | 1.07 | 1.02 | 1.53 |
| Debt / FCF | — | 2.94 | 2.34 | 1.15 | 2.09 | 1.61 | 5.98 | — | — | 8.90 | 9.53 |
| Interest Coverage | 115.65 | 115.65 | 22.60 | 19.34 | 15.35 | 11.53 | 6.70 | 3.08 | 5.71 | 4.64 | 2.90 |
GFI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.14x means Gold Fields Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.73x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.29x to 1.14x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.14 | 1.14 | 1.25 | 2.29 | 1.73 | 1.92 | 0.81 | 1.50 | 1.30 | 1.22 | 1.73 |
| Quick Ratio | 0.73 | 0.73 | 0.70 | 1.33 | 0.96 | 1.35 | 0.50 | 0.90 | 0.84 | 0.84 | 1.17 |
| Cash Ratio | 0.50 | 0.50 | 0.43 | 0.98 | 0.64 | 0.97 | 0.38 | 0.65 | 0.56 | 0.61 | 0.84 |
| Asset Turnover | — | 0.51 | 0.55 | 0.58 | 0.57 | 0.52 | 0.45 | 0.42 | 0.42 | 0.42 | 0.45 |
| Inventory Turnover | 4.28 | 4.28 | 3.46 | 3.58 | 3.96 | 4.32 | 5.04 | 5.72 | 5.51 | 6.31 | 7.03 |
| Days Sales Outstanding | — | 20.57 | 16.10 | 17.68 | 13.53 | 12.54 | 11.64 | 5.98 | 19.86 | 16.40 | 19.07 |
GFI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Gold Fields Limited returns 0.9% to shareholders annually primarily through dividends. The payout ratio of 28.2% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.9% | 3.0% | 2.8% | 3.3% | 3.3% | 1.7% | 0.8% | 1.6% | 1.8% | 1.6% | 0.7% |
| Payout Ratio | 28.2% | 28.2% | 52.4% | 42.8% | 40.8% | 19.0% | 28.2% | — | — | 25.0% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 10.5% | 5.3% | 7.4% | 8.3% | 8.7% | 2.9% | — | — | 6.3% | — |
| FCF Yield | 1.9% | 6.0% | 3.4% | 6.6% | 4.7% | 8.1% | 5.0% | — | — | 5.4% | 6.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.9% | 3.0% | 2.8% | 3.3% | 3.3% | 1.7% | 0.8% | 1.6% | 1.8% | 1.6% | 0.7% |
| Shares Outstanding | — | $896M | $895M | $894M | $893M | $890M | $839M | $832M | $827M | $810M | $775M |
Peer Comparison
Compare GFI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 GFIYou | $37B | 30.3 | 14.5 | 52.7 | 42.5% | 40.2% | 24.9% | 24.0% | 1.1 |
 NEM | $121B | 17.0 | 8.7 | 16.5 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
 AEM | $89B | 20.1 | 10.9 | 20.9 | 58.1% | 53.1% | 19.6% | 21.9% | 0.0 |
 KGC | $35B | 14.5 | 7.8 | 13.4 | 47.5% | 43.2% | 31.0% | 29.9% | 0.2 |
 AU | $46B | 17.5 | 8.3 | 14.8 | 46.5% | 45.1% | 28.6% | 35.9% | 0.4 |
 EGO | $6B | 11.7 | 6.0 | — | 44.9% | 41.5% | 12.6% | 13.3% | 1.2 |
 IAG | $10B | 14.0 | 6.4 | 12.4 | 41.2% | 38.9% | 17.7% | 19.1% | 0.5 |
 BTG | $6B | 15.1 | 3.1 | 85.3 | 50.0% | 46.1% | 12.3% | 30.7% | 0.3 |
 NGD | $7B | 64.9 | 17.7 | 59.1 | 26.0% | 19.7% | 11.1% | 11.6% | 0.9 |
 HMY | $10B | 11.2 | 5.9 | 14.9 | 39.7% | 27.5% | 32.2% | 40.1% | 0.1 |
 CAT | $421B | 48.0 | 33.7 | 41.0 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
| Basic Materials Median | — | 22.3 | 11.0 | 25.6 | 31.3% | 9.2% | 0.0% | 4.5% | 2.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonGFI — Frequently Asked Questions
Quick answers to the most common questions about buying GFI stock.
What is Gold Fields Limited's P/E ratio?
Gold Fields Limited's current P/E ratio is 30.3x. The historical average is 19.6x. This places it at the 77th percentile of its historical range.
What is Gold Fields Limited's EV/EBITDA?
Gold Fields Limited's current EV/EBITDA is 14.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.2x.
What is Gold Fields Limited's ROE?
Gold Fields Limited's return on equity (ROE) is 24.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 9.0%.
Is GFI stock overvalued?
Based on historical data, Gold Fields Limited is trading at a P/E of 30.3x. This is at the 77th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Gold Fields Limited's dividend yield?
Gold Fields Limited's current dividend yield is 0.94% with a payout ratio of 28.2%.
What are Gold Fields Limited's profit margins?
Gold Fields Limited has 42.5% gross margin and 40.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Gold Fields Limited have?
Gold Fields Limited's Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.