KINROSS GOLD CORP (KGC) Stock Fundamental Analysis
NYSE:KGC - CA4969024047 - Common Stock
22.11 USD
+0.62 (+2.89%)
22.15 USD
+0.04 (+0.18%)
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 scores excellent points on both the profitability and health parts. This is a solid base for a good stock. KGC is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings would make KGC suitable 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.
Of the past 5 years KGC 4 years were profitable.
KGC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 14.08%, KGC belongs to the top of the industry, outperforming 93.59% of the companies in the same industry.
KGC has a better Return On Equity (22.29%) than 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.
KGC had an Average Return On Invested Capital over the past 3 years of 6.23%. This is significantly below the industry average of 13.00%.
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
KGC's Profit Margin of 25.18% is amongst the best of the industry. KGC outperforms 90.38% of its industry peers.
In the last couple of years the Profit Margin of KGC has declined.
KGC has a better Operating Margin (38.20%) than 89.74% of its industry peers.
In the last couple of years the Operating Margin of KGC has grown nicely.
The Gross Margin of KGC (44.10%) is better than 82.69% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KGC is still creating some value.
Compared to 1 year ago, KGC has about the same amount of shares outstanding.
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 4.25. This indicates that KGC is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.25, KGC is doing good in the industry, outperforming 68.59% of the companies in the same industry.
The Debt to FCF ratio of KGC is 0.72, which is an excellent value as it means it would take KGC, only 0.72 years of fcf income to pay off all of its debts.
KGC has a better Debt to FCF ratio (0.72) than 91.03% 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 51.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 0.72 | ||
| Altman-Z | 4.25 |
ROIC/WACC1.59
WACC9.36%
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 42.95% of its industry peers.
A Quick Ratio of 0.83 indicates that KGC may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.83, KGC is doing worse than 77.56% of the companies in the same industry.
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
The Earnings Per Share has grown by an impressive 151.06% over the past year.
KGC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.87% yearly.
The Revenue has grown by 34.40% in the past year. This is a very strong growth!
KGC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.04% yearly.
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
The Earnings Per Share is expected to decrease by -8.40% on average over the next years.
The Revenue is expected to decrease by -4.86% on average over the next years.
EPS Next Y116.29%
EPS Next 2Y49.24%
EPS Next 3Y28.3%
EPS Next 5Y-8.4%
Revenue Next Year28.98%
Revenue Next 2Y15.48%
Revenue Next 3Y8.28%
Revenue Next 5Y-4.86%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 18.74.
KGC's Price/Earnings ratio is rather cheap when compared to the industry. KGC is cheaper than 82.69% of the companies in the same industry.
KGC is valuated rather cheaply when we compare the Price/Earnings ratio to 27.06, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 14.60, the valuation of KGC can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KGC indicates a somewhat cheap valuation: KGC is cheaper than 65.38% of the companies listed in the same industry.
KGC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.74 | ||
| Fwd PE | 14.6 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KGC is valued cheaper than 82.69% of the companies in the same industry.
KGC's Price/Free Cash Flow ratio is rather cheap when compared to the industry. KGC is cheaper than 91.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.58 | ||
| EV/EBITDA | 7.83 |
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.
The excellent profitability rating of KGC may justify a higher PE ratio.
A more expensive valuation may be justified as KGC's earnings are expected to grow with 28.30% in the coming years.
PEG (NY)0.16
PEG (5Y)1.26
EPS Next 2Y49.24%
EPS Next 3Y28.3%
5. Dividend
5.1 Amount
KGC has a yearly dividend return of 0.59%, which is pretty low.
Compared to an average industry Dividend Yield of 2.66, KGC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, KGC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.59% |
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
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%
22.11
+0.62 (+2.89%)
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 Cap26.95B
Analysts80
Price Target20.9 (-5.47%)
Short Float %1.43%
Short Ratio0.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.59% |
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)6.56%
PT rev (3m)18.43%
EPS NQ rev (1m)14.97%
EPS NQ rev (3m)64.32%
EPS NY rev (1m)53.71%
EPS NY rev (3m)53.71%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)6.82%
Revenue NY rev (3m)10.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.74 | ||
| Fwd PE | 14.6 | ||
| P/S | 4.44 | ||
| P/FCF | 13.58 | ||
| P/OCF | 8.81 | ||
| P/B | 3.93 | ||
| P/tB | 3.93 | ||
| EV/EBITDA | 7.83 |
EPS(TTM)1.18
EY5.34%
EPS(NY)1.51
Fwd EY6.85%
FCF(TTM)1.63
FCFY7.36%
OCF(TTM)2.51
OCFY11.35%
SpS4.98
BVpS5.63
TBVpS5.63
PEG (NY)0.16
PEG (5Y)1.26
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 | 4.25 |
F-Score7
WACC9.36%
ROIC/WACC1.59
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 Year28.98%
Revenue Next 2Y15.48%
Revenue Next 3Y8.28%
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%