Both stocks run through our valuation models. Here is how Drdgold (DRD) and Newmont (NEM) compare, as of Aug 15, 2026.
As of Aug 15, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Drdgold trades at ZAR 39.31 versus a fair value of ZAR 20.35 (-48%), while Newmont trades at A$161 versus A$117 (-28%).
Drdgold
DRD.JSE · ZAC · Materials
-48%
upside to fair value
overvalued
PriceZAR 39.31
Fair ValueZAR 20.35
Quality69/100
Newmont
NEM.AU · AUD · Materials
-28%
upside to fair value
overvalued
PriceA$161
Fair ValueA$117
Quality71/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
DrdgoldNewmont
Valuation
12.7×P/E (TTM)11.6×
3.13×P/S (TTM)3.94×
3.21×P/B2.90×
6.1×EV/EBITDA5.9×
0.01×PEG2.63×
0.3%Dividend yield0.8%
ZAR 9.00Dividend per shareA$1.02
Profitability
35%Net margin34%
46%Operating margin61%
35%Return on equity26%
20%Return on assets15%
Growth
33%Revenue growth (YoY)46%
15.5%Avg. growth/yr (3Y)25.3%
13.5%Avg. growth/yr (5Y)15.3%
Balance & size
—Debt / equity0.15×
$2BMarket cap$98B
expensiveGrowth qualityhealthy
Newmont leads: 5 to 8 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Drdgoldof which business quality 69 · market factors 48Newmontof which business quality 70 · market factors 64
ProfitabilityMargins and returns on capital today
75
63
Quality GrowthAre margins and returns improving?
87
98
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
4
22
Low VolatilityCalm price path (market factor)
54
64
MomentumPrice trend over the last 3–12 months (market factor)
36
53
52W MomentumDistance to the 52-week high (market factor)
63
82
Net IssuanceBuybacks instead of dilution
80
50
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Drdgold
DCF ModelsZAR 23.78
Earnings-BasedZAR 27.43
Dividend DiscountZAR 8.75
MultiplesZAR 16.84
Asset-BasedZAR 6.86
Growth DCFZAR 26.69
Economic ProfitZAR 16.18
Growth EarningsZAR 41.06
21 of 26 models see the stock below the current price.
Newmont
DCF ModelsA$197
Earnings-BasedA$155
MultiplesA$106
Asset-BasedA$21.27
Growth DCFA$150
Economic ProfitA$86.58
Growth EarningsA$189
15 of 24 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Drdgold
Bear ZAR 14.36Fair Value ZAR 20.35Bull ZAR 30.41
ZAR 39.31 = current price (white tick)
Newmont
Bear A$87.57Fair Value A$117Bull A$245
A$161 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Drdgold · Materials
Quality score69 · Top 25%
Fair value upside-48% · below median
Newmont · Materials
Quality score71 · Top 25%
Fair value upside-28% · below median
Bottom line
As of Aug 15, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Drdgold trades at ZAR 39.31 versus a fair value of ZAR 20.35 (-48%), while Newmont trades at A$161 versus A$117 (-28%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
