KINROSS GOLD CORP (KGC)

CA4969024047 - Common Stock

9.75  -0.15 (-1.52%)

After market: 9.78 +0.03 (+0.31%)

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to KGC. KGC was compared to 156 industry peers in the Metals & Mining industry. KGC scores excellent on profitability, but there are some minor concerns on its financial health. KGC is valued quite cheap, while showing a decent growth score. This is a good combination!



7

1. Profitability

1.1 Basic Checks

KGC had positive earnings in the past year.
KGC had a positive operating cash flow in the past year.
In multiple years KGC reported negative net income over the last 5 years.
Of the past 5 years KGC 4 years had a positive operating cash flow.

1.2 Ratios

KGC has a better Return On Assets (6.87%) than 79.49% of its industry peers.
With a decent Return On Equity value of 11.11%, KGC is doing good in the industry, outperforming 79.49% of the companies in the same industry.
KGC has a better Return On Invested Capital (9.96%) than 84.62% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KGC is below the industry average of 8.80%.
The 3 year average ROIC (6.11%) for KGC is below the current ROIC(9.96%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.87%
ROE 11.11%
ROIC 9.96%
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

The Profit Margin of KGC (15.23%) is better than 88.46% of its industry peers.
KGC's Profit Margin has declined in the last couple of years.
KGC has a better Operating Margin (24.70%) than 84.62% of its industry peers.
KGC's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 31.95%, KGC is doing good in the industry, outperforming 73.72% of the companies in the same industry.
KGC's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 24.7%
PM (TTM) 15.23%
GM 31.95%
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%

4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KGC is destroying value.
KGC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

KGC has an Altman-Z score of 1.58. This is a bad value and indicates that KGC is not financially healthy and even has some risk of bankruptcy.
KGC's Altman-Z score of 1.58 is on the low side compared to the rest of the industry. KGC is outperformed by 66.03% of its industry peers.
The Debt to FCF ratio of KGC is 1.67, which is an excellent value as it means it would take KGC, only 1.67 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of KGC (1.67) is better than 80.77% of its industry peers.
KGC has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
KGC's Debt to Equity ratio of 0.19 is in line compared to the rest of the industry. KGC outperforms 48.72% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 1.67
Altman-Z 1.58
ROIC/WACC0.96
WACC10.34%

2.3 Liquidity

KGC has a Current Ratio of 1.61. This is a normal value and indicates that KGC is financially healthy and should not expect problems in meeting its short term obligations.
KGC's Current ratio of 1.61 is on the low side compared to the rest of the industry. KGC is outperformed by 71.15% of its industry peers.
KGC has a Quick Ratio of 1.61. This is a bad value and indicates that KGC is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.63, KGC is doing worse than 83.97% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.61
Quick Ratio 0.63

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 40.14% over the past year.
The Earnings Per Share has been growing by 34.55% on average over the past years. This is a very strong growth
The Revenue has grown by 15.44% in the past year. This is quite good.
Measured over the past years, KGC shows a small growth in Revenue. The Revenue has been growing by 5.71% on average per year.
EPS 1Y (TTM)40.14%
EPS 3Y-16.95%
EPS 5Y34.55%
EPS Q2Q%100%
Revenue 1Y (TTM)15.44%
Revenue growth 3Y0.21%
Revenue growth 5Y5.71%
Sales Q2Q%29.9%

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 Y66.03%
EPS Next 2Y39.42%
EPS Next 3Y24.81%
EPS Next 5Y-0.82%
Revenue Next Year24.02%
Revenue Next 2Y14.36%
Revenue Next 3Y8.52%
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.

8

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 16.53, which indicates a correct valuation of KGC.
KGC's Price/Earnings ratio is a bit cheaper when compared to the industry. KGC is cheaper than 74.36% of the companies in the same industry.
KGC is valuated rather cheaply when we compare the Price/Earnings ratio to 29.48, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 11.37 indicates a reasonable valuation of KGC.
KGC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. KGC is cheaper than 72.44% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.95. KGC is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 16.53
Fwd PE 11.37

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, KGC is valued cheaply inside the industry as 82.69% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, KGC is valued cheaper than 88.46% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.79
EV/EBITDA 5.66

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 decent profitability rating of KGC may justify a higher PE ratio.
KGC's earnings are expected to grow with 24.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)0.48
EPS Next 2Y39.42%
EPS Next 3Y24.81%

5

5. Dividend

5.1 Amount

KGC has a Yearly Dividend Yield of 1.17%.
KGC's Dividend Yield is a higher than the industry average which is at 2.91.
With a Dividend Yield of 1.17, KGC pays less dividend than the S&P500 average, which is at 2.16.
Industry RankSector Rank
Dividend Yield 1.17%

5.2 History

The dividend of KGC is nicely growing with an annual growth rate of 8.50%!
KGC has paid a dividend for at least 10 years, which is 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 Years4

5.3 Sustainability

KGC pays out 19.96% of its income as dividend. This is a sustainable payout ratio.
DP19.96%
EPS Next 2Y39.42%
EPS Next 3Y24.81%

KINROSS GOLD CORP

NYSE:KGC (12/6/2024, 8:04:00 PM)

After market: 9.78 +0.03 (+0.31%)

9.75

-0.15 (-1.52%)

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 Cap11.98B
Analysts
Price Target
Short Float %
Short Ratio
Dividend
Industry RankSector Rank
Dividend Yield 1.17%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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Revenue beat(2)
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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)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 16.53
Fwd PE 11.37
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)0.25
PEG (5Y)0.48
Profitability
Industry RankSector Rank
ROA 6.87%
ROE 11.11%
ROCE
ROIC
ROICexc
ROICexgc
OM 24.7%
PM (TTM) 15.23%
GM 31.95%
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 Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1.61
Quick Ratio 0.63
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)40.14%
EPS 3Y-16.95%
EPS 5Y
EPS Q2Q%
EPS Next Y66.03%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)15.44%
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