Gold Fields Ltd ADR (GFI) is undervalued and Wheaton Precious Metals Corp (WPM) is overvalued.
Against our estimates of intrinsic value, GFI trades at the wider discount: a margin of safety of +65%, against -57% for WPM.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.7% (average of 3 methods) values the shares at $121.29; the price of $42.96 is 65% below that value, and 78% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
Discounting its cash flows at 8.2% (average of 3 methods) values the shares at $97.78; the price of $153.81 is 57% above that value, and 79% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | GFI | WPM |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $42.96 | $153.81 |
| Intrinsic value | $121.29 | $97.78 |
| Margin of safety | +65% | -57% |
| Leak Score | 100/100 (3/12) | 59/100 (3/12) |
| Market cap | $38.5B | $69.9B |
| Revenue growth, 5 years | 17.7% | 16.1% |
| Operating margin | 52.6% | 73.0% |
| Net margin | 39.2% | 64.7% |
| Return on equity | 58.8% | 23.6% |
| Debt to equity | 0.29 | 0.20 |
| P/E | 8.8x | 34.1x |
| Forward P/E | 8.4x | 30.5x |
| P/B | 4.3x | 7.2x |
| Dividend yield | 5.2% | 0.5% |