KINROSS GOLD CORP (K.CA) Stock Fundamental Analysis
Canada - TSX:K - CA4969024047 - Common Stock
32.37 CAD
-1.5 (-4.43%)
We assign a fundamental rating of 7 out of 10 to K. K was compared to 808 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making K a very profitable company, without any liquidiy or solvency issues. K is valued quite cheap, while showing a decent growth score. This is a good combination! This makes K very considerable for value investing!
1. Profitability
1.1 Basic Checks
K had positive earnings in the past year.
In the past year K had a positive cash flow from operations.
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
The Return On Assets of K (14.08%) is better than 95.92% of its industry peers.
K has a Return On Equity of 22.29%. This is amongst the best in the industry. K outperforms 96.41% of its industry peers.
K has a better Return On Invested Capital (14.87%) than 97.40% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for K is significantly below the industry average of 11.68%.
The last Return On Invested Capital (14.87%) for K is above the 3 year average (6.23%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.08% | ||
| ROE | 22.29% | ||
| ROIC | 14.87% |
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
The Profit Margin of K (25.18%) is better than 95.92% of its industry peers.
K's Profit Margin has declined in the last couple of years.
K's Operating Margin of 38.20% is amongst the best of the industry. K outperforms 96.29% of its industry peers.
In the last couple of years the Operating Margin of K has grown nicely.
With an excellent Gross Margin value of 44.10%, K belongs to the best of the industry, outperforming 94.06% of the companies in the same industry.
In the last couple of years the Gross Margin of K has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.2% | ||
| PM (TTM) | 25.18% | ||
| GM | 44.1% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), K is creating some value.
K has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for K has been reduced compared to 5 years ago.
Compared to 1 year ago, K has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.69 indicates that K is not in any danger for bankruptcy at the moment.
K has a better Altman-Z score (4.69) than 60.89% of its industry peers.
The Debt to FCF ratio of K is 0.72, which is an excellent value as it means it would take K, only 0.72 years of fcf income to pay off all of its debts.
K's Debt to FCF ratio of 0.72 is amongst the best of the industry. K outperforms 94.93% of its industry peers.
A Debt/Equity ratio of 0.18 indicates that K is not too dependend on debt financing.
K has a worse Debt to Equity ratio (0.18) than 65.84% 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 | 0.72 | ||
| Altman-Z | 4.69 |
ROIC/WACC1.74
WACC8.56%
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 comparable to the rest of the industry.
A Quick Ratio of 0.83 indicates that K may have some problems paying its short term obligations.
With a Quick ratio value of 0.83, K is not doing good in the industry: 60.27% of the companies in the same industry are doing better.
The current and quick ratio evaluation for K is rather negative, while it does have 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
K shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 151.06%, which is quite impressive.
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.
Looking at the last year, K shows a very strong growth in Revenue. The Revenue has grown by 34.40%.
The Revenue has been growing by 8.04% on average over the past years. This is quite good.
EPS 1Y (TTM)151.06%
EPS 3Y17.42%
EPS 5Y14.87%
EPS Q2Q%214.29%
Revenue 1Y (TTM)34.4%
Revenue growth 3Y11.35%
Revenue growth 5Y8.04%
Sales Q2Q%41.74%
3.2 Future
K is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -8.40% yearly.
K is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.86% yearly.
EPS Next Y116.29%
EPS Next 2Y49.24%
EPS Next 3Y28.3%
EPS Next 5Y-8.4%
Revenue Next Year28.96%
Revenue Next 2Y15.87%
Revenue Next 3Y8.45%
Revenue Next 5Y-4.86%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.74 indicates a rather expensive valuation of K.
Compared to the rest of the industry, the Price/Earnings ratio of K indicates a rather cheap valuation: K is cheaper than 92.20% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.29, K is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 15.41, the valuation of K can be described as correct.
Based on the Price/Forward Earnings ratio, K is valued cheaper than 90.35% of the companies in the same industry.
K is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.80, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.74 | ||
| Fwd PE | 15.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, K is valued cheaper than 94.93% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of K indicates a rather cheap valuation: K is cheaper than 96.53% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.69 | ||
| EV/EBITDA | 8.68 |
4.3 Compensation for Growth
K's 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.
K's earnings are expected to grow with 28.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.17
PEG (5Y)1.33
EPS Next 2Y49.24%
EPS Next 3Y28.3%
5. Dividend
5.1 Amount
K has a yearly dividend return of 0.53%, which is pretty low.
K's Dividend Yield is rather good when compared to the industry average which is at 14.19. K pays more dividend than 95.42% of the companies in the same industry.
With a Dividend Yield of 0.53, K pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.53% |
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
9.64% of the earnings are spent on dividend by K. This is a low number and sustainable payout ratio.
DP9.64%
EPS Next 2Y49.24%
EPS Next 3Y28.3%
TSX:K (9/24/2025, 7:00:00 PM)
32.37
-1.5 (-4.43%)
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 Cap40.42B
Analysts80
Price Target29.65 (-8.4%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.53% |
Yearly Dividend0.17
Dividend Growth(5Y)N/A
DP9.64%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)37.38%
Min EPS beat(2)28.59%
Max EPS beat(2)46.17%
EPS beat(4)3
Avg EPS beat(4)20.46%
Min EPS beat(4)-18.81%
Max EPS beat(4)46.17%
EPS beat(8)7
Avg EPS beat(8)21.33%
EPS beat(12)10
Avg EPS beat(12)25.78%
EPS beat(16)12
Avg EPS beat(16)18.03%
Revenue beat(2)2
Avg Revenue beat(2)51455.9%
Min Revenue beat(2)20.12%
Max Revenue beat(2)102892%
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)2.88%
PT rev (3m)13.92%
EPS NQ rev (1m)0.47%
EPS NQ rev (3m)65.09%
EPS NY rev (1m)0%
EPS NY rev (3m)53.71%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)10.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.74 | ||
| Fwd PE | 15.41 | ||
| P/S | 4.8 | ||
| P/FCF | 14.69 | ||
| P/OCF | 9.53 | ||
| P/B | 4.25 | ||
| P/tB | 4.25 | ||
| EV/EBITDA | 8.68 |
EPS(TTM)1.64
EY5.07%
EPS(NY)2.1
Fwd EY6.49%
FCF(TTM)2.2
FCFY6.81%
OCF(TTM)3.4
OCFY10.49%
SpS6.75
BVpS7.62
TBVpS7.62
PEG (NY)0.17
PEG (5Y)1.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.08% | ||
| ROE | 22.29% | ||
| ROCE | 23.66% | ||
| ROIC | 14.87% | ||
| ROICexc | 15.86% | ||
| ROICexgc | 15.86% | ||
| OM | 38.2% | ||
| PM (TTM) | 25.18% | ||
| GM | 44.1% | ||
| FCFM | 32.67% |
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 Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 0.72 | ||
| Debt/EBITDA | 0.36 | ||
| Cap/Depr | 94.78% | ||
| Cap/Sales | 17.67% | ||
| Interest Coverage | 24.34 | ||
| Cash Conversion | 88.57% | ||
| Profit Quality | 129.73% | ||
| Current Ratio | 2.01 | ||
| Quick Ratio | 0.83 | ||
| Altman-Z | 4.69 |
F-Score7
WACC8.56%
ROIC/WACC1.74
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 Y116.29%
EPS Next 2Y49.24%
EPS Next 3Y28.3%
EPS Next 5Y-8.4%
Revenue 1Y (TTM)34.4%
Revenue growth 3Y11.35%
Revenue growth 5Y8.04%
Sales Q2Q%41.74%
Revenue Next Year28.96%
Revenue Next 2Y15.87%
Revenue Next 3Y8.45%
Revenue Next 5Y-4.86%
EBIT growth 1Y144.17%
EBIT growth 3Y21.5%
EBIT growth 5Y17.5%
EBIT Next Year131.51%
EBIT Next 3Y30.48%
EBIT Next 5Y1.99%
FCF growth 1Y356.37%
FCF growth 3Y91.05%
FCF growth 5Y62.85%
OCF growth 1Y110.57%
OCF growth 3Y29.17%
OCF growth 5Y14.84%