KINROSS GOLD CORP (KGC) Stock Fundamental Analysis
USA - NYSE:KGC - CA4969024047 - Common Stock
23.94 USD
+0.02 (+0.08%)
23.95 USD
+0.01 (+0.04%)
Overall KGC gets a fundamental rating of 7 out of 10. We evaluated KGC against 155 industry peers in the Metals & Mining industry. KGC has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. KGC scores decently on growth, while it is valued quite cheap. This could make an interesting combination. This makes KGC very considerable for value investing!
1. Profitability
1.1 Basic Checks
In the past year KGC was profitable.
KGC had a positive operating cash flow in the past year.
KGC had positive earnings in 4 of the past 5 years.
Each year in the past 5 years KGC had a positive operating cash flow.
1.2 Ratios
The Return On Assets of KGC (14.08%) is better than 93.55% of its industry peers.
KGC's Return On Equity of 22.29% is amongst the best of the industry. KGC outperforms 94.19% of its industry peers.
KGC has a better Return On Invested Capital (14.87%) than 94.19% of its industry peers.
KGC had an Average Return On Invested Capital over the past 3 years of 6.23%. This is significantly below the industry average of 12.29%.
The last Return On Invested Capital (14.87%) for KGC 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
With an excellent Profit Margin value of 25.18%, KGC belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
KGC's Profit Margin has declined in the last couple of years.
KGC has a better Operating Margin (38.20%) than 90.32% of its industry peers.
In the last couple of years the Operating Margin of KGC has grown nicely.
Looking at the Gross Margin, with a value of 44.10%, KGC belongs to the top of the industry, outperforming 81.94% of the companies in the same industry.
KGC's Gross Margin has improved in the last couple of years.
| 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) well above the Cost of Capital (WACC), KGC is creating value.
The number of shares outstanding for KGC remains at a similar level compared to 1 year ago.
The number of shares outstanding for KGC has been reduced compared to 5 years ago.
KGC has a better debt/assets ratio than last year.
2.2 Solvency
KGC has an Altman-Z score of 4.94. This indicates that KGC is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.94, KGC is doing good in the industry, outperforming 63.23% of the companies in the same industry.
KGC has a debt to FCF ratio of 0.72. This is a very positive value and a sign of high solvency as it would only need 0.72 years to pay back of all of its debts.
KGC has a better Debt to FCF ratio (0.72) than 91.61% of its industry peers.
KGC has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.18, KGC perfoms like the industry average, outperforming 50.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 0.72 | ||
| Altman-Z | 4.94 |
ROIC/WACC1.83
WACC8.14%
2.3 Liquidity
A Current Ratio of 2.01 indicates that KGC has no problem at all paying its short term obligations.
KGC has a Current ratio (2.01) which is in line with its industry peers.
KGC has a Quick Ratio of 2.01. This is a bad value and indicates that KGC is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of KGC (0.83) is worse than 79.35% of its industry peers.
KGC 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
KGC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 151.06%, which is quite impressive.
The Earnings Per Share has been growing by 14.87% on average over the past years. This is quite good.
The Revenue has grown by 34.40% in the past year. This is a very strong growth!
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
Based on estimates for the next years, KGC will show a decrease in Earnings Per Share. The EPS will decrease by -5.97% on average per year.
KGC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.86% yearly.
EPS Next Y120.76%
EPS Next 2Y54.69%
EPS Next 3Y28.94%
EPS Next 5Y-5.97%
Revenue Next Year29.36%
Revenue Next 2Y16.46%
Revenue Next 3Y8.9%
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
With a Price/Earnings ratio of 20.29, KGC is valued on the expensive side.
KGC's Price/Earnings ratio is a bit cheaper when compared to the industry. KGC is cheaper than 79.35% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.91, KGC is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 14.71, the valuation of KGC can be described as correct.
Based on the Price/Forward Earnings ratio, KGC is valued a bit cheaper than 65.81% of the companies in the same industry.
KGC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.92, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.29 | ||
| Fwd PE | 14.71 |
4.2 Price Multiples
78.06% of the companies in the same industry are more expensive than KGC, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, KGC is valued cheaper than 90.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.51 | ||
| EV/EBITDA | 9.15 |
4.3 Compensation for Growth
KGC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
KGC has an outstanding profitability rating, which may justify a higher PE ratio.
KGC's earnings are expected to grow with 28.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.17
PEG (5Y)1.36
EPS Next 2Y54.69%
EPS Next 3Y28.94%
5. Dividend
5.1 Amount
With a yearly dividend of 0.49%, KGC is not a good candidate for dividend investing.
KGC's Dividend Yield is a higher than the industry average which is at 2.42.
With a Dividend Yield of 0.49, KGC pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.49% |
5.2 History
KGC has been paying a dividend for at least 10 years, so it has a reliable track record.
KGC 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
KGC pays out 9.64% of its income as dividend. This is a sustainable payout ratio.
DP9.64%
EPS Next 2Y54.69%
EPS Next 3Y28.94%
23.94
+0.02 (+0.08%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners64%
Inst Owner Change-0.03%
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap30.78B
Revenue(TTM)6.07B
Net Income(TTM)1.53B
Analysts80
Price Target22.31 (-6.81%)
Short Float %2.19%
Short Ratio1.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.49% |
Yearly Dividend0.12
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)4.01%
PT rev (3m)13.74%
EPS NQ rev (1m)2.34%
EPS NQ rev (3m)28.45%
EPS NY rev (1m)2.07%
EPS NY rev (3m)56.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.62%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)11.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.29 | ||
| Fwd PE | 14.71 | ||
| P/S | 5.07 | ||
| P/FCF | 15.51 | ||
| P/OCF | 10.07 | ||
| P/B | 4.49 | ||
| P/tB | 4.49 | ||
| EV/EBITDA | 9.15 |
EPS(TTM)1.18
EY4.93%
EPS(NY)1.63
Fwd EY6.8%
FCF(TTM)1.54
FCFY6.45%
OCF(TTM)2.38
OCFY9.93%
SpS4.72
BVpS5.34
TBVpS5.34
PEG (NY)0.17
PEG (5Y)1.36
Graham Number11.9
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%
ROICexgc growth 3Y20.62%
ROICexgc 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 | 4.94 |
F-Score7
WACC8.14%
ROIC/WACC1.83
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 Y120.76%
EPS Next 2Y54.69%
EPS Next 3Y28.94%
EPS Next 5Y-5.97%
Revenue 1Y (TTM)34.4%
Revenue growth 3Y11.35%
Revenue growth 5Y8.04%
Sales Q2Q%41.74%
Revenue Next Year29.36%
Revenue Next 2Y16.46%
Revenue Next 3Y8.9%
Revenue Next 5Y-4.86%
EBIT growth 1Y144.17%
EBIT growth 3Y21.5%
EBIT growth 5Y17.5%
EBIT Next Year177.93%
EBIT Next 3Y38.45%
EBIT Next 5Y1.94%
FCF growth 1Y356.37%
FCF growth 3Y91.05%
FCF growth 5Y62.85%
OCF growth 1Y110.57%
OCF growth 3Y29.17%
OCF growth 5Y14.84%
KINROSS GOLD CORP / KGC FAQ
Can you provide the ChartMill fundamental rating for KINROSS GOLD CORP?
ChartMill assigns a fundamental rating of 7 / 10 to KGC.
What is the valuation status for KGC stock?
ChartMill assigns a valuation rating of 7 / 10 to KINROSS GOLD CORP (KGC). This can be considered as Undervalued.
How profitable is KINROSS GOLD CORP (KGC) stock?
KINROSS GOLD CORP (KGC) has a profitability rating of 8 / 10.
What is the expected EPS growth for KINROSS GOLD CORP (KGC) stock?
The Earnings per Share (EPS) of KINROSS GOLD CORP (KGC) is expected to grow by 120.76% in the next year.
Is the dividend of KINROSS GOLD CORP sustainable?
The dividend rating of KINROSS GOLD CORP (KGC) is 4 / 10 and the dividend payout ratio is 9.64%.