KINROSS GOLD CORP (KGC)
CA4969024047 - Common Stock
We assign a fundamental rating of 5 out of 10 to KGC. KGC was compared to 157 industry peers in the Metals & Mining industry. While KGC has a great profitability rating, there are some minor concerns on its financial health. KGC is not valued too expensively and it also shows a decent growth rate.
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
KGC has a Return On Assets of 4.10%. This is in the better half of the industry: KGC outperforms 73.25% of its industry peers.
With a decent Return On Equity value of 7.04%, KGC is doing good in the industry, outperforming 70.06% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.84%, KGC is in the better half of the industry, outperforming 77.07% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for KGC is below the industry average of 8.91%.
The last Return On Invested Capital (7.84%) for KGC is above the 3 year average (6.11%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.1% | ||
| ROE | 7.04% | ||
| ROIC | 7.84% |
ROA(3y)0.08%
ROA(5y)4.09%
ROE(3y)-0.06%
ROE(5y)6.73%
ROIC(3y)6.11%
ROIC(5y)7.07%
1.3 Margins
KGC has a Profit Margin of 9.86%. This is in the better half of the industry: KGC outperforms 79.62% of its industry peers.
KGC's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 20.26%, KGC belongs to the best of the industry, outperforming 80.89% of the companies in the same industry.
In the last couple of years the Operating Margin of KGC has grown nicely.
KGC has a Gross Margin of 28.76%. This is in the better half of the industry: KGC outperforms 70.70% of its industry peers.
KGC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.26% | ||
| PM (TTM) | 9.86% | ||
| GM | 28.76% |
OM growth 3Y-14.17%
OM growth 5Y26%
PM growth 3Y-32.45%
PM growth 5YN/A
GM growth 3Y-10.21%
GM growth 5Y9.39%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KGC is still creating some value.
KGC has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, KGC has less shares outstanding
Compared to 1 year ago, KGC has an improved debt to assets ratio.
2.2 Solvency
KGC has an Altman-Z score of 0.97. This is a bad value and indicates that KGC is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.97, KGC is doing worse than 70.70% of the companies in the same industry.
The Debt to FCF ratio of KGC is 3.74, which is a good value as it means it would take KGC, 3.74 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of KGC (3.74) is better than 71.34% of its industry peers.
A Debt/Equity ratio of 0.20 indicates that KGC is not too dependend on debt financing.
KGC's Debt to Equity ratio of 0.20 is in line compared to the rest of the industry. KGC outperforms 45.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 3.74 | ||
| Altman-Z | 0.97 |
ROIC/WACC1.03
WACC7.64%
2.3 Liquidity
A Current Ratio of 1.15 indicates that KGC should not have too much problems paying its short term obligations.
The Current ratio of KGC (1.15) is worse than 82.80% of its industry peers.
A Quick Ratio of 0.45 indicates that KGC may have some problems paying its short term obligations.
KGC has a worse Quick ratio (0.45) than 92.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 0.45 |
3. Growth
3.1 Past
KGC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 95.02%, which is quite impressive.
KGC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 34.55% yearly.
Looking at the last year, KGC shows a quite strong growth in Revenue. The Revenue has grown by 19.23% in the last year.
The Revenue has been growing slightly by 5.71% on average over the past years.
EPS 1Y (TTM)95.02%
EPS 3Y-16.95%
EPS 5Y34.55%
EPS Q2Q%40.85%
Revenue 1Y (TTM)19.23%
Revenue growth 3Y0.21%
Revenue growth 5Y5.71%
Sales Q2Q%16.38%
3.2 Future
KGC is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.82% yearly.
The Revenue is expected to decrease by -3.14% on average over the next years.
EPS Next Y9.82%
EPS Next 2Y12.49%
EPS Next 3Y-0.79%
EPS Next 5Y-0.82%
Revenue Next Year11.15%
Revenue Next 2Y5.38%
Revenue Next 3Y1.3%
Revenue Next 5Y-3.14%
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.
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
KGC is valuated rather expensively with a Price/Earnings ratio of 18.32.
Based on the Price/Earnings ratio, KGC is valued a bit cheaper than 71.97% of the companies in the same industry.
KGC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.41.
The Price/Forward Earnings ratio is 15.43, which indicates a correct valuation of KGC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KGC indicates a somewhat cheap valuation: KGC is cheaper than 61.15% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.59. KGC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.32 | ||
| Fwd PE | 15.43 |
4.2 Price Multiples
79.62% of the companies in the same industry are more expensive than KGC, based on the Enterprise Value to EBITDA ratio.
KGC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. KGC is cheaper than 77.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.59 | ||
| EV/EBITDA | 6.27 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates KGC does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of KGC may justify a higher PE ratio.
PEG (NY)1.87
PEG (5Y)0.53
EPS Next 2Y12.49%
EPS Next 3Y-0.79%
5. Dividend
5.1 Amount
KGC has a Yearly Dividend Yield of 1.33%. Purely for dividend investing, there may be better candidates out there.
KGC's Dividend Yield is a higher than the industry average which is at 2.66.
Compared to an average S&P500 Dividend Yield of 2.30, KGC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.33% |
5.2 History
On average, the dividend of KGC grows each year by 8.50%, which is quite nice.
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)8.5%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
KGC pays out 34.03% of its income as dividend. This is a sustainable payout ratio.
DP34.03%
EPS Next 2Y12.49%
EPS Next 3Y-0.79%
KINROSS GOLD CORP
NYSE:KGC (7/26/2024, 7:04:00 PM)
After market: 8.63 +0.02 (+0.23%)8.61
+0.07 (+0.82%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap10.58B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.33% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.32 | ||
| Fwd PE | 15.43 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.87
PEG (5Y)0.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.1% | ||
| ROE | 7.04% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 20.26% | ||
| PM (TTM) | 9.86% | ||
| GM | 28.76% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.15 | ||
| Quick Ratio | 0.45 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)95.02%
EPS 3Y-16.95%
EPS 5Y
EPS Q2Q%
EPS Next Y9.82%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)19.23%
Revenue growth 3Y0.21%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y