KINROSS GOLD CORP (KGC)

CA4969024047 - Common Stock

7.62  -0.07 (-0.91%)

After market: 7.62 0 (0%)

Fundamental Rating

5

KGC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 156 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 has a correct valuation and a medium growth rate.



7

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.
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 4.10%, KGC is in the better half of the industry, outperforming 73.08% of the companies in the same industry.
KGC's Return On Equity of 7.04% is fine compared to the rest of the industry. KGC outperforms 69.87% of its industry peers.
With a decent Return On Invested Capital value of 7.84%, KGC is doing good in the industry, outperforming 76.92% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KGC is below the industry average of 8.94%.
The 3 year average ROIC (6.11%) for KGC is below the current ROIC(7.84%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.1%
ROE 7.04%
ROIC 7.84%
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 (9.86%) is better than 78.85% of its industry peers.
In the last couple of years the Profit Margin of KGC has declined.
KGC's Operating Margin of 20.26% is amongst the best of the industry. KGC outperforms 80.77% of its industry peers.
KGC's Operating Margin has improved in the last couple of years.
KGC's Gross Margin of 28.76% is fine compared to the rest of the industry. KGC outperforms 70.51% of its industry peers.
KGC's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 20.26%
PM (TTM) 9.86%
GM 28.76%
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

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 more shares outstanding
KGC has less shares outstanding than it did 5 years ago.
KGC has a better debt/assets ratio than last year.

2.2 Solvency

KGC has an Altman-Z score of 0.83. 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 0.83 is on the low side compared to the rest of the industry. KGC is outperformed by 73.72% of its industry peers.
The Debt to FCF ratio of KGC is 3.74, which is a good value as it means it would take KGC, 3.74 years of fcf income to pay off all of its debts.
KGC's Debt to FCF ratio of 3.74 is fine compared to the rest of the industry. KGC outperforms 72.44% of its industry peers.
A Debt/Equity ratio of 0.20 indicates that KGC is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.20, KGC is in line with its industry, outperforming 46.15% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 3.74
Altman-Z 0.83
ROIC/WACC1
WACC7.84%

2.3 Liquidity

A Current Ratio of 1.15 indicates that KGC should not have too much problems paying its short term obligations.
The Current ratio of KGC (1.15) is worse than 83.33% of its industry peers.
KGC has a Quick Ratio of 1.15. This is a bad value and indicates that KGC is not financially healthy enough and could expect problems in meeting its short term obligations.
KGC has a Quick ratio of 0.45. This is amonst the worse of the industry: KGC underperforms 92.31% of its industry peers.
Industry RankSector Rank
Current Ratio 1.15
Quick Ratio 0.45

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 95.02% over the past year.
Measured over the past years, KGC shows a very strong growth in Earnings Per Share. The EPS has been growing by 34.55% on average per year.
KGC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.23%.
The Revenue has been growing slightly by 5.71% on average over the past years.
EPS 1Y (TTM)95.02%
EPS 3Y-16.95%
EPS 5Y34.55%
EPS Q2Q%40.85%
Revenue 1Y (TTM)19.23%
Revenue growth 3Y0.21%
Revenue growth 5Y5.71%
Sales Q2Q%16.38%

3.2 Future

The Earnings Per Share is expected to decrease by -2.04% on average over the next years.
The Revenue is expected to decrease by -3.14% on average over the next years.
EPS Next Y18.02%
EPS Next 2Y12.49%
EPS Next 3Y4.42%
EPS Next 5Y-2.04%
Revenue Next Year12.64%
Revenue Next 2Y5.38%
Revenue Next 3Y2.49%
Revenue Next 5Y-3.14%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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.

6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 16.21, the valuation of KGC can be described as correct.
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.
The average S&P500 Price/Earnings ratio is at 28.63. KGC is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 13.65, the valuation of KGC can be described as correct.
KGC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. KGC is cheaper than 62.82% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.22. KGC is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 16.21
Fwd PE 13.65

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, KGC is valued a bit cheaper than the industry average as 79.49% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of KGC indicates a somewhat cheap valuation: KGC is cheaper than 78.21% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 15.56
EV/EBITDA 5.73

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 decent profitability rating of KGC may justify a higher PE ratio.
PEG (NY)0.9
PEG (5Y)0.47
EPS Next 2Y12.49%
EPS Next 3Y4.42%

5

5. Dividend

5.1 Amount

KGC has a Yearly Dividend Yield of 1.55%. Purely for dividend investing, there may be better candidates out there.
KGC's Dividend Yield is a higher than the industry average which is at 2.97.
KGC's Dividend Yield is slightly below the S&P500 average, which is at 2.39.
Industry RankSector Rank
Dividend Yield 1.55%

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 34.03% of its income as dividend. This is a sustainable payout ratio.
DP34.03%
EPS Next 2Y12.49%
EPS Next 3Y4.42%

KINROSS GOLD CORP

NYSE:KGC (6/21/2024, 7:08:05 PM)

After market: 7.62 0 (0%)

7.62

-0.07 (-0.91%)

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 Cap9.36B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 1.55%
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)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(16)
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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 16.21
Fwd PE 13.65
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)0.9
PEG (5Y)0.47
Profitability
Industry RankSector Rank
ROA 4.1%
ROE 7.04%
ROCE
ROIC
ROICexc
ROICexgc
OM 20.26%
PM (TTM) 9.86%
GM 28.76%
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 Turnover0.42
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1.15
Quick Ratio 0.45
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)95.02%
EPS 3Y-16.95%
EPS 5Y
EPS Q2Q%
EPS Next Y18.02%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)19.23%
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