KINROSS GOLD CORP (KGC)
CA4969024047 - Common Stock
KGC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 155 industry peers in the Metals & Mining industry. While KGC belongs to the best of the industry regarding profitability, 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.
Of the past 5 years KGC 4 years were profitable.
In the past 5 years KGC always reported a positive cash flow from operatings.
1.2 Ratios
KGC has a Return On Assets of 3.95%. This is in the better half of the industry: KGC outperforms 70.32% of its industry peers.
The Return On Equity of KGC (6.84%) is better than 68.39% of its industry peers.
KGC has a Return On Invested Capital of 6.73%. This is in the better half of the industry: KGC outperforms 71.61% of its industry peers.
The Average Return On Invested Capital over the past 3 years for KGC is below the industry average of 9.17%.
The 3 year average ROIC (6.38%) for KGC is below the current ROIC(6.73%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.95% | ||
| ROE | 6.84% | ||
| ROIC | 6.73% |
ROA(3y)0.08%
ROA(5y)4.09%
ROE(3y)-0.06%
ROE(5y)6.73%
ROIC(3y)6.38%
ROIC(5y)7.23%
1.3 Margins
Looking at the Profit Margin, with a value of 9.82%, KGC is in the better half of the industry, outperforming 78.71% of the companies in the same industry.
In the last couple of years the Profit Margin of KGC has declined.
The Operating Margin of KGC (19.82%) is better than 77.42% of its industry peers.
KGC's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 28.27%, KGC is doing good in the industry, outperforming 69.03% of the companies in the same industry.
In the last couple of years the Gross Margin of KGC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.82% | ||
| PM (TTM) | 9.82% | ||
| GM | 28.27% |
OM growth 3Y-12.61%
OM growth 5Y27.37%
PM growth 3Y-32.45%
PM growth 5YN/A
GM growth 3Y-10.21%
GM growth 5Y9.39%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KGC is destroying value.
Compared to 1 year ago, KGC has more 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 0.71. This is a bad value and indicates that KGC is not financially healthy and even has some risk of bankruptcy.
KGC has a Altman-Z score of 0.71. This is in the lower half of the industry: KGC underperforms 74.84% of its industry peers.
KGC has a debt to FCF ratio of 4.46. This is a neutral value as KGC would need 4.46 years to pay back of all of its debts.
KGC has a Debt to FCF ratio of 4.46. This is in the better half of the industry: KGC outperforms 71.61% of its industry peers.
A Debt/Equity ratio of 0.37 indicates that KGC is not too dependend on debt financing.
KGC has a worse Debt to Equity ratio (0.37) than 69.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.46 | ||
| Altman-Z | 0.71 |
ROIC/WACC0.9
WACC7.47%
2.3 Liquidity
A Current Ratio of 2.63 indicates that KGC has no problem at all paying its short term obligations.
KGC has a Current ratio (2.63) which is in line with its industry peers.
A Quick Ratio of 0.95 indicates that KGC may have some problems paying its short term obligations.
With a Quick ratio value of 0.95, KGC is not doing good in the industry: 74.84% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.63 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 91.74% 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
Looking at the last year, KGC shows a very strong growth in Revenue. The Revenue has grown by 22.71%.
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)91.74%
EPS 3Y-16.95%
EPS 5Y34.55%
EPS growth Q2Q22.22%
Revenue 1Y (TTM)22.71%
Revenue growth 3Y0.21%
Revenue growth 5Y5.71%
Revenue growth Q2Q3.67%
3.2 Future
KGC is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -28.98% yearly.
Based on estimates for the next years, KGC will show a decrease in Revenue. The Revenue will decrease by -4.45% on average per year.
EPS Next Y-25.83%
EPS Next 2Y-14.64%
EPS Next 3Y-8.89%
EPS Next 5Y-28.98%
Revenue Next Year3.03%
Revenue Next 2Y0.78%
Revenue Next 3Y0.15%
Revenue Next 5Y-4.45%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 15.32, the valuation of KGC can be described as correct.
78.71% of the companies in the same industry are more expensive than KGC, based on the Price/Earnings ratio.
KGC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.92.
A Price/Forward Earnings ratio of 20.61 indicates a rather expensive valuation of KGC.
61.29% of the companies in the same industry are more expensive than KGC, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.49. KGC is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.32 | ||
| Fwd PE | 20.61 |
4.2 Price Multiples
83.23% of the companies in the same industry are more expensive than KGC, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, KGC is valued cheaper than 81.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.34 | ||
| EV/EBITDA | 5.49 |
4.3 Compensation for Growth
The decent profitability rating of KGC may justify a higher PE ratio.
A cheap valuation may be justified as KGC's earnings are expected to decrease with -8.89% in the coming years.
PEG (NY)N/A
PEG (5Y)0.44
EPS Next 2Y-14.64%
EPS Next 3Y-8.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.82%, KGC has a reasonable but not impressive dividend return.
KGC's Dividend Yield is a higher than the industry average which is at 2.88.
KGC's Dividend Yield is slightly below the S&P500 average, which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
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 35.38% of its income as dividend. This is a sustainable payout ratio.
DP35.38%
EPS Next 2Y-14.64%
EPS Next 3Y-8.89%
KINROSS GOLD CORP
NYSE:KGC (4/26/2024, 6:00:00 PM)
After market: 6.75 +0.01 (+0.15%)6.74
+0.01 (+0.15%)
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 Cap8.28B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
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)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.32 | ||
| Fwd PE | 20.61 | ||
| 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)N/A
PEG (5Y)0.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.95% | ||
| ROE | 6.84% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 19.82% | ||
| PM (TTM) | 9.82% | ||
| GM | 28.27% | ||
| 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 Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.63 | ||
| Quick Ratio | 0.95 | ||
| 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)
Growth
EPS 1Y (TTM)91.74%
EPS 3Y-16.95%
EPS 5Y
EPS growth Q2Q
EPS Next Y-25.83%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)22.71%
Revenue growth 3Y0.21%
Revenue growth 5Y
Revenue growth 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