KINROSS GOLD CORP (K.CA) Stock Fundamental Analysis
TSX:K - Toronto Stock Exchange - CA4969024047 - Common Stock
K gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 822 industry peers in the Metals & Mining industry. While K has a great profitability rating, there are some minor concerns on its financial health. K scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
K had positive earnings in the past year.
K had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: K reported negative net income in multiple years.
Of the past 5 years K 4 years had a positive operating cash flow.
1.2 Ratios
K's Return On Assets of 6.87% is amongst the best of the industry. K outperforms 92.16% of its industry peers.
With an excellent Return On Equity value of 11.11%, K belongs to the best of the industry, outperforming 93.24% of the companies in the same industry.
K has a Return On Invested Capital of 9.08%. This is amongst the best in the industry. K outperforms 95.14% of its industry peers.
The Average Return On Invested Capital over the past 3 years for K is significantly below the industry average of 11.88%.
The last Return On Invested Capital (9.08%) for K is above the 3 year average (5.57%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.87% | ||
| ROE | 11.11% | ||
| ROIC | 9.08% |
ROA(3y)0.08%
ROA(5y)4.09%
ROE(3y)-0.06%
ROE(5y)6.73%
ROIC(3y)5.57%
ROIC(5y)6.45%
1.3 Margins
Looking at the Profit Margin, with a value of 15.23%, K belongs to the top of the industry, outperforming 95.14% of the companies in the same industry.
K's Profit Margin has declined in the last couple of years.
K's Operating Margin of 24.70% is amongst the best of the industry. K outperforms 95.00% of its industry peers.
K's Operating Margin has improved in the last couple of years.
K has a Gross Margin of 31.95%. This is amongst the best in the industry. K outperforms 92.30% of its industry peers.
K's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.7% | ||
| PM (TTM) | 15.23% | ||
| GM | 31.95% |
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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so K is destroying value.
There is no outstanding debt for K. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
Based on the Altman-Z score of 1.65, we must say that K is in the distress zone and has some risk of bankruptcy.
K has a Altman-Z score (1.65) which is in line with its industry peers.
K has a debt to FCF ratio of 1.67. This is a very positive value and a sign of high solvency as it would only need 1.67 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 1.67, K belongs to the best of the industry, outperforming 93.24% of the companies in the same industry.
K has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.19, K is not doing good in the industry: 72.03% of the companies in the same industry are doing better.
Even though the debt/equity ratio score it not favorable for K, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.67 | ||
| Altman-Z | 1.65 |
ROIC/WACC0.9
WACC10.06%
2.3 Liquidity
K has a Current Ratio of 1.61. This is a normal value and indicates that K is financially healthy and should not expect problems in meeting its short term obligations.
K has a Current ratio (1.61) which is comparable to the rest of the industry.
A Quick Ratio of 0.63 indicates that K may have some problems paying its short term obligations.
K has a worse Quick ratio (0.63) than 67.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
K shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 40.14%, which is quite impressive.
Measured over the past years, K 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, K shows a quite strong growth in Revenue. The Revenue has grown by 15.44% in the last year.
Measured over the past years, K shows a small growth in Revenue. The Revenue has been growing by 5.71% on average per year.
EPS 1Y (TTM)40.14%
EPS 3Y-16.95%
EPS 5Y34.55%
EPS Q2Q%100%
Revenue 1Y (TTM)15.44%
Revenue growth 3Y0.21%
Revenue growth 5Y5.71%
Sales Q2Q%29.9%
3.2 Future
Based on estimates for the next years, K will show a decrease in Earnings Per Share. The EPS will decrease by -1.79% on average per year.
Based on estimates for the next years, K will show a decrease in Revenue. The Revenue will decrease by -1.57% on average per year.
EPS Next Y66.03%
EPS Next 2Y39.42%
EPS Next 3Y24.81%
EPS Next 5Y-1.79%
Revenue Next Year24.44%
Revenue Next 2Y14.41%
Revenue Next 3Y8.86%
Revenue Next 5Y-1.57%
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
Based on the Price/Earnings ratio of 17.54, the valuation of K can be described as rather expensive.
90.14% of the companies in the same industry are more expensive than K, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of K to the average of the S&P500 Index (27.96), we can say K is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 12.09, the valuation of K can be described as correct.
90.00% of the companies in the same industry are more expensive than K, based on the Price/Forward Earnings ratio.
K is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.11, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.54 | ||
| Fwd PE | 12.09 |
4.2 Price Multiples
93.24% of the companies in the same industry are more expensive than K, based on the Enterprise Value to EBITDA ratio.
94.86% of the companies in the same industry are more expensive than K, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.53 | ||
| EV/EBITDA | 5.84 |
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 K may justify a higher PE ratio.
K's earnings are expected to grow with 24.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.27
PEG (5Y)0.51
EPS Next 2Y39.42%
EPS Next 3Y24.81%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.06%, K has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.29, K pays a better dividend. On top of this K pays more dividend than 95.81% of the companies listed in the same industry.
With a Dividend Yield of 1.06, K pays less dividend than the S&P500 average, which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
5.2 History
On average, the dividend of K grows each year by 8.50%, which is quite nice.
K has paid a dividend for at least 10 years, which is a reliable track record.
K has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)8.5%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
K pays out 19.96% of its income as dividend. This is a sustainable payout ratio.
DP19.96%
EPS Next 2Y39.42%
EPS Next 3Y24.81%
KINROSS GOLD CORP
TSX:K (1/17/2025, 7:00:00 PM)
14.91
+0.17 (+1.15%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners65.21%
Inst Owner ChangeN/A
Ins Owners0.35%
Ins Owner ChangeN/A
Market Cap18.33B
Analysts81.33
Price Target18.47 (23.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
Yearly Dividend0.12
Dividend Growth(5Y)8.5%
DP19.96%
Div Incr Years0
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.85%
Min EPS beat(2)1.8%
Max EPS beat(2)25.89%
EPS beat(4)4
Avg EPS beat(4)24.57%
Min EPS beat(4)1.8%
Max EPS beat(4)57.06%
EPS beat(8)8
Avg EPS beat(8)34.17%
EPS beat(12)9
Avg EPS beat(12)17.01%
EPS beat(16)11
Avg EPS beat(16)15.06%
Revenue beat(2)2
Avg Revenue beat(2)15.47%
Min Revenue beat(2)12.29%
Max Revenue beat(2)18.64%
Revenue beat(4)4
Avg Revenue beat(4)15.38%
Min Revenue beat(4)12.29%
Max Revenue beat(4)18.64%
Revenue beat(8)7
Avg Revenue beat(8)8.77%
Revenue beat(12)7
Avg Revenue beat(12)-0.78%
Revenue beat(16)8
Avg Revenue beat(16)-3.81%
PT rev (1m)1.37%
PT rev (3m)16.65%
EPS NQ rev (1m)0%
EPS NQ rev (3m)152.08%
EPS NY rev (1m)0%
EPS NY rev (3m)51.18%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.34%
Revenue NY rev (3m)11.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.54 | ||
| Fwd PE | 12.09 | ||
| P/S | 2.63 | ||
| P/FCF | 12.53 | ||
| P/OCF | 6 | ||
| P/B | 1.92 | ||
| P/tB | 1.92 | ||
| EV/EBITDA | 5.84 |
EPS(TTM)0.85
EY5.7%
EPS(NY)1.23
Fwd EY8.27%
FCF(TTM)1.19
FCFY7.98%
OCF(TTM)2.48
OCFY16.66%
SpS5.67
BVpS7.78
TBVpS7.78
PEG (NY)0.27
PEG (5Y)0.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.87% | ||
| ROE | 11.11% | ||
| ROCE | 12.61% | ||
| ROIC | 9.08% | ||
| ROICexc | 9.56% | ||
| ROICexgc | 9.56% | ||
| OM | 24.7% | ||
| PM (TTM) | 15.23% | ||
| GM | 31.95% | ||
| FCFM | 20.97% |
ROA(3y)0.08%
ROA(5y)4.09%
ROE(3y)-0.06%
ROE(5y)6.73%
ROIC(3y)5.57%
ROIC(5y)6.45%
ROICexc(3y)5.83%
ROICexc(5y)6.97%
ROICexgc(3y)5.87%
ROICexgc(5y)7.06%
ROCE(3y)7.73%
ROCE(5y)8.95%
ROICexcg growth 3Y-18.08%
ROICexcg growth 5Y25.07%
ROICexc growth 3Y-17.55%
ROICexc growth 5Y25.65%
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%
F-Score7
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.67 | ||
| Debt/EBITDA | 0.54 | ||
| Cap/Depr | 97.51% | ||
| Cap/Sales | 22.81% | ||
| Interest Coverage | 8.26 | ||
| Cash Conversion | 91.03% | ||
| Profit Quality | 137.65% | ||
| Current Ratio | 1.61 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z | 1.65 |
F-Score7
WACC10.06%
ROIC/WACC0.9
Cap/Depr(3y)106.8%
Cap/Depr(5y)116.06%
Cap/Sales(3y)24.4%
Cap/Sales(5y)25.31%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)40.14%
EPS 3Y-16.95%
EPS 5Y34.55%
EPS Q2Q%100%
EPS Next Y66.03%
EPS Next 2Y39.42%
EPS Next 3Y24.81%
EPS Next 5Y-1.79%
Revenue 1Y (TTM)15.44%
Revenue growth 3Y0.21%
Revenue growth 5Y5.71%
Sales Q2Q%29.9%
Revenue Next Year24.44%
Revenue Next 2Y14.41%
Revenue Next 3Y8.86%
Revenue Next 5Y-1.57%
EBIT growth 1Y31.67%
EBIT growth 3Y-14%
EBIT growth 5Y33.19%
EBIT Next Year221.63%
EBIT Next 3Y46.68%
EBIT Next 5Y14.73%
FCF growth 1Y2272.44%
FCF growth 3Y-21.33%
FCF growth 5YN/A
OCF growth 1Y174.55%
OCF growth 3Y-6.4%
OCF growth 5Y15.27%