KINROSS GOLD CORP (KGC)
CA4969024047 - Common Stock
Taking everything into account, KGC scores 5 out of 10 in our fundamental rating. KGC was compared to 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year KGC was profitable.
KGC had a positive operating cash flow in the past year.
KGC had positive earnings in 4 of the past 5 years.
In the past 5 years KGC always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.95%, KGC is in the better half of the industry, outperforming 70.32% of the companies in the same industry.
Looking at the Return On Equity, with a value of 6.84%, KGC is in the better half of the industry, outperforming 68.39% of the companies in the same industry.
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.
KGC had an Average Return On Invested Capital over the past 3 years of 6.38%. This is below the industry average of 9.16%.
The last Return On Invested Capital (6.73%) for KGC is above the 3 year average (6.38%), which is a sign of increasing profitability.
| 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
With a decent Profit Margin value of 9.82%, KGC is doing good in the industry, outperforming 78.71% of the companies in the same industry.
KGC's Profit Margin has declined in the last couple of years.
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.
The Gross Margin of KGC (28.27%) is better than 69.03% of its industry peers.
KGC's Gross Margin has improved in the last couple of years.
| 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
KGC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, KGC has more shares outstanding
The number of shares outstanding for KGC has been reduced compared to 5 years ago.
Compared to 1 year ago, KGC has an improved debt to assets ratio.
2.2 Solvency
KGC has an Altman-Z score of 0.67. This is a bad value and indicates that KGC is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.67, KGC is not doing good in the industry: 74.19% of the companies in the same industry are doing better.
The Debt to FCF ratio of KGC is 4.46, which is a neutral value as it means it would take KGC, 4.46 years of fcf income to pay off 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.
KGC has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
KGC has a Debt to Equity ratio of 0.37. This is in the lower half of the industry: KGC underperforms 69.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.46 | ||
| Altman-Z | 0.67 |
ROIC/WACC0.9
WACC7.49%
2.3 Liquidity
A Current Ratio of 2.63 indicates that KGC has no problem at all paying its short term obligations.
With a Current ratio value of 2.63, KGC perfoms like the industry average, outperforming 54.19% of the companies in the same industry.
KGC has a Quick Ratio of 2.63. 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 worse Quick ratio (0.95) than 74.84% of its industry peers.
| 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.
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.
Looking at the last year, KGC shows a very strong growth in Revenue. The Revenue has grown by 22.71%.
The Revenue has been growing slightly by 5.71% on average over the past years.
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.
The Revenue is expected to decrease by -4.45% on average over the next years.
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
With a Price/Earnings ratio of 14.91, KGC is valued correctly.
Based on the Price/Earnings ratio, KGC is valued a bit cheaper than 79.35% of the companies in the same industry.
KGC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.20.
Based on the Price/Forward Earnings ratio of 20.06, the valuation of KGC can be described as rather expensive.
KGC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. KGC is cheaper than 61.29% of the companies in the same industry.
KGC's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.60.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.91 | ||
| Fwd PE | 20.06 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KGC indicates a rather cheap valuation: KGC is cheaper than 83.23% of the companies listed in the same industry.
KGC's Price/Free Cash Flow ratio is rather cheap when compared to the industry. KGC is cheaper than 81.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.9 | ||
| EV/EBITDA | 5.31 |
4.3 Compensation for Growth
KGC has a very decent profitability rating, which 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)0.43
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.
Compared to an average industry Dividend Yield of 2.87, KGC pays a bit more dividend than its industry peers.
KGC's Dividend Yield is slightly below the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
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 Years3
5.3 Sustainability
35.38% of the earnings are spent on dividend by KGC. This is a low number and sustainable payout ratio.
DP35.38%
EPS Next 2Y-14.64%
EPS Next 3Y-8.89%
KINROSS GOLD CORP
NYSE:KGC (4/23/2024, 7:09:07 PM)
After market: 6.57 +0.01 (+0.15%)6.56
+0.09 (+1.39%)
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 Cap8.06B
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)
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EPS beat(4)
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EPS beat(8)
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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(4)
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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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.91 | ||
| Fwd PE | 20.06 | ||
| 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)0.43
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