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KINROSS GOLD CORP (KGC) Stock Fundamental Analysis

NYSE:KGC - New York Stock Exchange, Inc. - CA4969024047 - Common Stock - Currency: USD

14.64  +0.27 (+1.88%)

Premarket: 14.61 -0.03 (-0.2%)

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to KGC. KGC was compared to 154 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 valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make KGC a good candidate for value investing.


Dividend Valuation Growth Profitability Health

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8

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.
Of the past 5 years KGC 4 years were profitable.
Each year in the past 5 years KGC had a positive operating cash flow.
KGC Yearly Net Income VS EBIT VS OCF VS FCFKGC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

1.2 Ratios

KGC has a better Return On Assets (8.73%) than 87.66% of its industry peers.
KGC has a better Return On Equity (13.83%) than 84.42% of its industry peers.
The Return On Invested Capital of KGC (9.40%) is better than 82.47% of its industry peers.
KGC had an Average Return On Invested Capital over the past 3 years of 6.23%. This is below the industry average of 8.83%.
The last Return On Invested Capital (9.40%) for KGC is above the 3 year average (6.23%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 8.73%
ROE 13.83%
ROIC 9.4%
ROA(3y)2.29%
ROA(5y)4.25%
ROE(3y)3.43%
ROE(5y)6.8%
ROIC(3y)6.23%
ROIC(5y)6.54%
KGC Yearly ROA, ROE, ROICKGC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

1.3 Margins

KGC's Profit Margin of 18.43% is amongst the best of the industry. KGC outperforms 88.31% of its industry peers.
In the last couple of years the Profit Margin of KGC has declined.
With an excellent Operating Margin value of 28.48%, KGC belongs to the best of the industry, outperforming 85.06% of the companies in the same industry.
In the last couple of years the Operating Margin of KGC has grown nicely.
The Gross Margin of KGC (35.04%) is better than 75.97% of its industry peers.
In the last couple of years the Gross Margin of KGC has grown nicely.
Industry RankSector Rank
OM 28.48%
PM (TTM) 18.43%
GM 35.04%
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%
KGC Yearly Profit, Operating, Gross MarginsKGC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

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6

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.
KGC Yearly Shares OutstandingKGC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
KGC Yearly Total Debt VS Total AssetsKGC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

An Altman-Z score of 2.68 indicates that KGC is not a great score, but indicates only limited risk for bankruptcy at the moment.
KGC has a Altman-Z score of 2.68. This is comparable to the rest of the industry: KGC outperforms 55.19% of its industry peers.
The Debt to FCF ratio of KGC is 1.05, which is an excellent value as it means it would take KGC, only 1.05 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of KGC (1.05) is better than 87.01% 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 comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 1.05
Altman-Z 2.68
ROIC/WACC1.08
WACC8.69%
KGC Yearly LT Debt VS Equity VS FCFKGC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

A Current Ratio of 2.01 indicates that KGC has no problem at all paying its short term obligations.
The Current ratio of KGC (2.01) is comparable to the rest of the industry.
A Quick Ratio of 0.83 indicates that KGC may have some problems paying its short term obligations.
With a Quick ratio value of 0.83, KGC is not doing good in the industry: 74.03% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 2.01
Quick Ratio 0.83
KGC Yearly Current Assets VS Current LiabilitesKGC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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4

3. Growth

3.1 Past

KGC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 87.23%, which is quite impressive.
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.
KGC shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.71%.
The Revenue has been growing by 8.04% on average over the past years. This is quite good.
EPS 1Y (TTM)87.23%
EPS 3Y17.42%
EPS 5Y14.87%
EPS Q2Q%200%
Revenue 1Y (TTM)26.71%
Revenue growth 3Y11.35%
Revenue growth 5Y8.04%
Sales Q2Q%38.47%

3.2 Future

KGC is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.48% yearly.
The Revenue is expected to decrease by -4.78% on average over the next years.
EPS Next Y40.71%
EPS Next 2Y20.9%
EPS Next 3Y14.28%
EPS Next 5Y-4.48%
Revenue Next Year16.44%
Revenue Next 2Y9.09%
Revenue Next 3Y5.54%
Revenue Next 5Y-4.78%

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.
KGC Yearly Revenue VS EstimatesKGC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
KGC Yearly EPS VS EstimatesKGC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.2 0.4 0.6 0.8 1

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7

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 16.64, the valuation of KGC can be described as correct.
Based on the Price/Earnings ratio, KGC is valued cheaply inside the industry as 80.52% of the companies are valued more expensively.
KGC is valuated rather cheaply when we compare the Price/Earnings ratio to 26.03, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 14.73, KGC is valued correctly.
Based on the Price/Forward Earnings ratio, KGC is valued a bit cheaper than 62.99% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.94, KGC is valued a bit cheaper.
Industry RankSector Rank
PE 16.64
Fwd PE 14.73
KGC Price Earnings VS Forward Price EarningsKGC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, KGC is valued a bit cheaper than 78.57% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, KGC is valued cheaply inside the industry as 87.01% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 13.14
EV/EBITDA 7.21
KGC Per share dataKGC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

The 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.
A more expensive valuation may be justified as KGC's earnings are expected to grow with 14.28% in the coming years.
PEG (NY)0.41
PEG (5Y)1.12
EPS Next 2Y20.9%
EPS Next 3Y14.28%

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4

5. Dividend

5.1 Amount

KGC has a yearly dividend return of 0.85%, which is pretty low.
Compared to an average industry Dividend Yield of 3.00, KGC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, KGC's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.85%

5.2 History

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)N/A
Div Incr Years0
Div Non Decr Years4
KGC Yearly Dividends per shareKGC Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.02 0.04 0.06 0.08 0.1

5.3 Sustainability

15.55% of the earnings are spent on dividend by KGC. This is a low number and sustainable payout ratio.
DP15.55%
EPS Next 2Y20.9%
EPS Next 3Y14.28%
KGC Yearly Income VS Free CF VS DividendKGC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B
KGC Dividend Payout.KGC Dividend Payout, showing the Payout Ratio.KGC Dividend Payout.PayoutRetained Earnings

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KINROSS GOLD CORP

NYSE:KGC (5/21/2025, 8:11:29 PM)

Premarket: 14.61 -0.03 (-0.2%)

14.64

+0.27 (+1.88%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)05-06 2025-05-06/amc
Earnings (Next)07-30 2025-07-30
Inst Owners68.64%
Inst Owner Change-1.31%
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap18.01B
Analysts80
Price Target17.65 (20.56%)
Short Float %0.77%
Short Ratio0.44
Dividend
Industry RankSector Rank
Dividend Yield 0.85%
Yearly Dividend0.12
Dividend Growth(5Y)N/A
DP15.55%
Div Incr Years0
Div Non Decr Years4
Ex-Date05-29 2025-05-29 (0.03)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.54%
Min EPS beat(2)-18.81%
Max EPS beat(2)25.89%
EPS beat(4)3
Avg EPS beat(4)16.49%
Min EPS beat(4)-18.81%
Max EPS beat(4)57.06%
EPS beat(8)7
Avg EPS beat(8)29.26%
EPS beat(12)8
Avg EPS beat(12)13.27%
EPS beat(16)10
Avg EPS beat(16)12.49%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
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)23.38%
PT rev (3m)37.52%
EPS NQ rev (1m)1.95%
EPS NQ rev (3m)3.96%
EPS NY rev (1m)0%
EPS NY rev (3m)1.25%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)7.99%
Revenue NY rev (3m)10.47%
Valuation
Industry RankSector Rank
PE 16.64
Fwd PE 14.73
P/S 3.5
P/FCF 13.14
P/OCF 7.36
P/B 2.63
P/tB 2.63
EV/EBITDA 7.21
EPS(TTM)0.88
EY6.01%
EPS(NY)0.99
Fwd EY6.79%
FCF(TTM)1.11
FCFY7.61%
OCF(TTM)1.99
OCFY13.58%
SpS4.18
BVpS5.58
TBVpS5.58
PEG (NY)0.41
PEG (5Y)1.12
Profitability
Industry RankSector Rank
ROA 8.73%
ROE 13.83%
ROCE 14.95%
ROIC 9.4%
ROICexc 10.02%
ROICexgc 10.02%
OM 28.48%
PM (TTM) 18.43%
GM 35.04%
FCFM 26.63%
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 Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 1.05
Debt/EBITDA 0.47
Cap/Depr 93.73%
Cap/Sales 20.89%
Interest Coverage 11.44
Cash Conversion 93.6%
Profit Quality 144.49%
Current Ratio 2.01
Quick Ratio 0.83
Altman-Z 2.68
F-Score7
WACC8.69%
ROIC/WACC1.08
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)87.23%
EPS 3Y17.42%
EPS 5Y14.87%
EPS Q2Q%200%
EPS Next Y40.71%
EPS Next 2Y20.9%
EPS Next 3Y14.28%
EPS Next 5Y-4.48%
Revenue 1Y (TTM)26.71%
Revenue growth 3Y11.35%
Revenue growth 5Y8.04%
Sales Q2Q%38.47%
Revenue Next Year16.44%
Revenue Next 2Y9.09%
Revenue Next 3Y5.54%
Revenue Next 5Y-4.78%
EBIT growth 1Y74.49%
EBIT growth 3Y21.5%
EBIT growth 5Y17.5%
EBIT Next Year105.62%
EBIT Next 3Y25.1%
EBIT Next 5Y4.98%
FCF growth 1Y170.39%
FCF growth 3Y91.05%
FCF growth 5Y62.85%
OCF growth 1Y52.4%
OCF growth 3Y29.17%
OCF growth 5Y14.84%