KINROSS GOLD CORP (KGC) Stock Fundamental Analysis
USA - NYSE:KGC - CA4969024047 - Common Stock
23.49 USD
+1.23 (+5.53%)
23.55 USD
+0.06 (+0.26%)
Taking everything into account, KGC scores 7 out of 10 in our fundamental rating. KGC was compared to 156 industry peers in the Metals & Mining industry. KGC gets an excellent profitability rating and is at the same time showing great financial health properties. KGC scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings would make KGC suitable for value investing!
1. Profitability
1.1 Basic Checks
In the past year KGC was profitable.
In the past year KGC had a positive cash flow from operations.
KGC had positive earnings in 4 of the past 5 years.
In the past 5 years KGC always reported a positive cash flow from operatings.
1.2 Ratios
KGC has a better Return On Assets (14.08%) than 94.23% of its industry peers.
KGC has a Return On Equity of 22.29%. This is amongst the best in the industry. KGC outperforms 94.23% of its industry peers.
With an excellent Return On Invested Capital value of 14.87%, KGC belongs to the best of the industry, outperforming 94.23% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for KGC is significantly below the industry average of 12.92%.
The 3 year average ROIC (6.23%) for KGC is below the current ROIC(14.87%), indicating increased profibility in the last year.
| 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 KGC (25.18%) is better than 91.03% of its industry peers.
KGC's Profit Margin has declined in the last couple of years.
The Operating Margin of KGC (38.20%) is better than 90.38% of its industry peers.
KGC's Operating Margin has improved in the last couple of years.
KGC's Gross Margin of 44.10% is amongst the best of the industry. KGC outperforms 82.05% of its industry peers.
In the last couple of years the Gross Margin of KGC 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), KGC is creating some value.
KGC has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, KGC has less shares outstanding
KGC has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.72 indicates that KGC is not in any danger for bankruptcy at the moment.
KGC has a Altman-Z score of 4.72. This is in the better half of the industry: KGC outperforms 66.67% of its industry peers.
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.
The Debt to FCF ratio of KGC (0.72) is better than 91.67% 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.
KGC has a Debt to Equity ratio (0.18) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 0.72 | ||
| Altman-Z | 4.72 |
ROIC/WACC1.68
WACC8.86%
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 of 2.01. This is comparable to the rest of the industry: KGC outperforms 42.31% of 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.
With a Quick ratio value of 0.83, KGC is not doing good in the industry: 78.21% of the companies in the same industry are doing better.
The current and quick ratio evaluation for KGC 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
The Earnings Per Share has grown by an impressive 151.06% over the past year.
Measured over the past years, KGC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.87% on average per year.
The Revenue has grown by 34.40% in the past year. This is a very strong growth!
Measured over the past years, KGC shows a quite strong growth in Revenue. The Revenue has been growing by 8.04% on average per year.
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
KGC is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -8.40% yearly.
Based on estimates for the next years, KGC will show a decrease in Revenue. The Revenue will decrease by -4.86% on average per year.
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.
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 19.91.
Compared to the rest of the industry, the Price/Earnings ratio of KGC indicates a rather cheap valuation: KGC is cheaper than 82.69% of the companies listed in the same industry.
KGC is valuated rather cheaply when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 15.51, the valuation of KGC can be described as correct.
Based on the Price/Forward Earnings ratio, KGC is valued a bit cheaper than the industry average as 64.10% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.86, KGC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.91 | ||
| Fwd PE | 15.51 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KGC indicates a somewhat cheap valuation: KGC is cheaper than 79.49% of the companies listed in the same industry.
KGC's Price/Free Cash Flow ratio is rather cheap when compared to the industry. KGC is cheaper than 90.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.78 | ||
| EV/EBITDA | 8.73 |
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.
The excellent profitability rating of KGC may justify a higher PE ratio.
KGC'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)1.34
EPS Next 2Y49.24%
EPS Next 3Y28.3%
5. Dividend
5.1 Amount
KGC has a yearly dividend return of 0.53%, which is pretty low.
KGC's Dividend Yield is a higher than the industry average which is at 2.53.
With a Dividend Yield of 0.53, KGC pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.53% |
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 2Y49.24%
EPS Next 3Y28.3%
23.49
+1.23 (+5.53%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners68.33%
Inst Owner Change-3.57%
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap29.33B
Analysts80
Price Target21.45 (-8.68%)
Short Float %1.14%
Short Ratio0.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.53% |
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)-3.65%
PT rev (3m)9.82%
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 | 19.91 | ||
| Fwd PE | 15.51 | ||
| P/S | 4.83 | ||
| P/FCF | 14.78 | ||
| P/OCF | 9.59 | ||
| P/B | 4.27 | ||
| P/tB | 4.27 | ||
| EV/EBITDA | 8.73 |
EPS(TTM)1.18
EY5.02%
EPS(NY)1.51
Fwd EY6.45%
FCF(TTM)1.59
FCFY6.77%
OCF(TTM)2.45
OCFY10.42%
SpS4.86
BVpS5.5
TBVpS5.5
PEG (NY)0.17
PEG (5Y)1.34
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 | 4.72 |
F-Score7
WACC8.86%
ROIC/WACC1.68
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%