KINROSS GOLD CORP (K.CA) Stock Fundamental Analysis
TSX:K - Toronto Stock Exchange - CA4969024047 - Common Stock - Currency: CAD
We assign a fundamental rating of 7 out of 10 to K. K was compared to 797 industry peers in the Metals & Mining industry. K has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. A decent growth rate in combination with a cheap valuation! Better keep an eye on K. With these ratings, K could be worth investigating further for value and quality investing!.
1. Profitability
1.1 Basic Checks
K had positive earnings in the past year.
K had a positive operating cash flow in the past year.
Of the past 5 years K 4 years were profitable.
In the past 5 years K always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 8.73%, K belongs to the best of the industry, outperforming 92.85% of the companies in the same industry.
K has a Return On Equity of 13.83%. This is amongst the best in the industry. K outperforms 92.97% of its industry peers.
With an excellent Return On Invested Capital value of 9.40%, K belongs to the best of the industry, outperforming 94.60% of the companies in the same industry.
K had an Average Return On Invested Capital over the past 3 years of 6.23%. This is significantly below the industry average of 11.45%.
The 3 year average ROIC (6.23%) for K is below the current ROIC(9.40%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.73% | ||
| ROE | 13.83% | ||
| ROIC | 9.4% |
ROA(3y)2.29%
ROA(5y)4.25%
ROE(3y)3.43%
ROE(5y)6.8%
ROIC(3y)6.23%
ROIC(5y)6.54%
1.3 Margins
K has a Profit Margin of 18.43%. This is amongst the best in the industry. K outperforms 94.98% of its industry peers.
In the last couple of years the Profit Margin of K has declined.
K has a better Operating Margin (28.48%) than 94.10% of its industry peers.
K's Operating Margin has improved in the last couple of years.
K has a better Gross Margin (35.04%) than 92.47% of its industry peers.
K's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.48% | ||
| PM (TTM) | 18.43% | ||
| GM | 35.04% |
OM growth 3Y9.12%
OM growth 5Y8.75%
PM growth 3Y45.92%
PM growth 5Y-2.15%
GM growth 3Y3.98%
GM growth 5Y4.42%
2. Health
2.1 Basic Checks
K has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, K has about the same amount of shares outstanding.
K has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, K has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.42 indicates that K is not in any danger for bankruptcy at the moment.
With a Altman-Z score value of 3.42, K perfoms like the industry average, outperforming 59.72% of the companies in the same industry.
The Debt to FCF ratio of K is 1.05, which is an excellent value as it means it would take K, only 1.05 years of fcf income to pay off all of its debts.
K's Debt to FCF ratio of 1.05 is amongst the best of the industry. K outperforms 94.35% of its industry peers.
K has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
K's Debt to Equity ratio of 0.18 is on the low side compared to the rest of the industry. K is outperformed by 66.25% of its industry peers.
Although K does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 1.05 | ||
| Altman-Z | 3.42 |
ROIC/WACC1.1
WACC8.52%
2.3 Liquidity
K has a Current Ratio of 2.01. This indicates that K is financially healthy and has no problem in meeting its short term obligations.
K has a Current ratio (2.01) which is in line with its industry peers.
A Quick Ratio of 0.83 indicates that K may have some problems paying its short term obligations.
K's Quick ratio of 0.83 is in line compared to the rest of the industry. K outperforms 40.78% of its industry peers.
K does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.01 | ||
| Quick Ratio | 0.83 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 151.06% over the past year.
Measured over the past years, K shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.87% on average per year.
K shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.44%.
K shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.04% yearly.
EPS 1Y (TTM)151.06%
EPS 3Y17.42%
EPS 5Y14.87%
EPS Q2Q%214.29%
Revenue 1Y (TTM)21.44%
Revenue growth 3Y11.35%
Revenue growth 5Y8.04%
Sales Q2Q%41.74%
3.2 Future
K is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.95% yearly.
K is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.05% yearly.
EPS Next Y40.71%
EPS Next 2Y20.9%
EPS Next 3Y14.28%
EPS Next 5Y5.95%
Revenue Next Year20.75%
Revenue Next 2Y11.55%
Revenue Next 3Y6.35%
Revenue Next 5Y-1.05%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 15.94, the valuation of K can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of K indicates a rather cheap valuation: K is cheaper than 91.84% of the companies listed in the same industry.
K is valuated rather cheaply when we compare the Price/Earnings ratio to 26.54, which is the current average of the S&P500 Index.
K is valuated rather expensively with a Price/Forward Earnings ratio of 18.88.
Based on the Price/Forward Earnings ratio, K is valued cheaply inside the industry as 88.33% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of K to the average of the S&P500 Index (35.28), we can say K is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.94 | ||
| Fwd PE | 18.88 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, K is valued cheaper than 92.97% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, K is valued cheaper than 94.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.79 | ||
| EV/EBITDA | 9.09 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
K has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as K's earnings are expected to grow with 14.28% in the coming years.
PEG (NY)0.39
PEG (5Y)1.07
EPS Next 2Y20.9%
EPS Next 3Y14.28%
5. Dividend
5.1 Amount
K has a yearly dividend return of 0.74%, which is pretty low.
Compared to an average industry Dividend Yield of 16.93, K pays a better dividend. On top of this K pays more dividend than 95.61% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, K's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
5.2 History
K has been paying a dividend for at least 10 years, so it has a reliable track record.
K has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
15.55% of the earnings are spent on dividend by K. This is a low number and sustainable payout ratio.
DP15.55%
EPS Next 2Y20.9%
EPS Next 3Y14.28%
TSX:K (8/7/2025, 7:00:00 PM)
25.82
+0.79 (+3.16%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners68.33%
Inst Owner ChangeN/A
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap31.68B
Analysts80
Price Target26.9 (4.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
Yearly Dividend0.17
Dividend Growth(5Y)N/A
DP15.55%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.54%
Min EPS beat(2)-18.81%
Max EPS beat(2)25.89%
EPS beat(4)3
Avg EPS beat(4)16.49%
Min EPS beat(4)-18.81%
Max EPS beat(4)57.06%
EPS beat(8)7
Avg EPS beat(8)29.26%
EPS beat(12)8
Avg EPS beat(12)13.27%
EPS beat(16)10
Avg EPS beat(16)12.49%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.48%
PT rev (3m)19.46%
EPS NQ rev (1m)1.39%
EPS NQ rev (3m)3.36%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.7%
Revenue NY rev (3m)6.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.94 | ||
| Fwd PE | 18.88 | ||
| P/S | 4.47 | ||
| P/FCF | 16.79 | ||
| P/OCF | 9.41 | ||
| P/B | 3.35 | ||
| P/tB | 3.35 | ||
| EV/EBITDA | 9.09 |
EPS(TTM)1.62
EY6.27%
EPS(NY)1.37
Fwd EY5.3%
FCF(TTM)1.54
FCFY5.96%
OCF(TTM)2.74
OCFY10.63%
SpS5.77
BVpS7.7
TBVpS7.7
PEG (NY)0.39
PEG (5Y)1.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.73% | ||
| ROE | 13.83% | ||
| ROCE | 14.95% | ||
| ROIC | 9.4% | ||
| ROICexc | 10.02% | ||
| ROICexgc | 10.02% | ||
| OM | 28.48% | ||
| PM (TTM) | 18.43% | ||
| GM | 35.04% | ||
| FCFM | 26.63% |
ROA(3y)2.29%
ROA(5y)4.25%
ROE(3y)3.43%
ROE(5y)6.8%
ROIC(3y)6.23%
ROIC(5y)6.54%
ROICexc(3y)6.62%
ROICexc(5y)7.08%
ROICexgc(3y)6.62%
ROICexgc(5y)7.14%
ROCE(3y)9.92%
ROCE(5y)10.4%
ROICexcg growth 3Y20.62%
ROICexcg growth 5Y13.48%
ROICexc growth 3Y21.33%
ROICexc growth 5Y13.94%
OM growth 3Y9.12%
OM growth 5Y8.75%
PM growth 3Y45.92%
PM growth 5Y-2.15%
GM growth 3Y3.98%
GM growth 5Y4.42%
F-Score7
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 1.05 | ||
| Debt/EBITDA | 0.47 | ||
| Cap/Depr | 93.73% | ||
| Cap/Sales | 20.89% | ||
| Interest Coverage | 11.44 | ||
| Cash Conversion | 93.6% | ||
| Profit Quality | 144.49% | ||
| Current Ratio | 2.01 | ||
| Quick Ratio | 0.83 | ||
| Altman-Z | 3.42 |
F-Score7
WACC8.52%
ROIC/WACC1.1
Cap/Depr(3y)100.83%
Cap/Depr(5y)104.58%
Cap/Sales(3y)22.97%
Cap/Sales(5y)23.16%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)151.06%
EPS 3Y17.42%
EPS 5Y14.87%
EPS Q2Q%214.29%
EPS Next Y40.71%
EPS Next 2Y20.9%
EPS Next 3Y14.28%
EPS Next 5Y5.95%
Revenue 1Y (TTM)21.44%
Revenue growth 3Y11.35%
Revenue growth 5Y8.04%
Sales Q2Q%41.74%
Revenue Next Year20.75%
Revenue Next 2Y11.55%
Revenue Next 3Y6.35%
Revenue Next 5Y-1.05%
EBIT growth 1Y74.49%
EBIT growth 3Y21.5%
EBIT growth 5Y17.5%
EBIT Next Year131.51%
EBIT Next 3Y30.48%
EBIT Next 5Y11.84%
FCF growth 1Y170.39%
FCF growth 3Y91.05%
FCF growth 5Y62.85%
OCF growth 1Y52.4%
OCF growth 3Y29.17%
OCF growth 5Y14.84%