KINROSS GOLD CORP (KGC) Stock Fundamental Analysis
USA - NYSE:KGC - CA4969024047 - Common Stock
25.93 USD
+0.83 (+3.31%)
25.95 USD
+0.02 (+0.08%)
Taking everything into account, KGC scores 7 out of 10 in our fundamental rating. KGC was compared to 155 industry peers in the Metals & Mining industry. KGC has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. A decent growth rate in combination with a cheap valuation! Better keep an eye on KGC. This makes KGC very considerable for value investing!
1. Profitability
1.1 Basic Checks
KGC had positive earnings in the past year.
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 better Return On Assets (14.08%) than 93.55% of its industry peers.
KGC has a Return On Equity of 22.29%. This is amongst the best in the industry. KGC outperforms 94.19% of its industry peers.
KGC has a Return On Invested Capital of 14.87%. This is amongst the best in the industry. KGC outperforms 94.19% of its industry peers.
The Average Return On Invested Capital over the past 3 years for KGC is significantly below the industry average of 12.30%.
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 has a better Profit Margin (25.18%) than 90.32% 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 90.32% of its industry peers.
KGC's Operating Margin has improved in the last couple of years.
KGC has a better Gross Margin (44.10%) than 81.94% 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 well above the Cost of Capital (WACC), so KGC is creating value.
KGC has about the same amout of shares outstanding than it did 1 year ago.
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 5.16. This indicates that KGC is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 5.16, KGC is doing good in the industry, outperforming 62.58% of the companies in the same industry.
KGC has a debt to FCF ratio of 0.72. This is a very positive value and a sign of high solvency as it would only need 0.72 years to pay back of all of its debts.
The Debt to FCF ratio of KGC (0.72) is better than 91.61% 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.
Looking at the Debt to Equity ratio, with a value of 0.18, KGC is in line with its industry, outperforming 50.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 0.72 | ||
| Altman-Z | 5.16 |
ROIC/WACC1.83
WACC8.14%
2.3 Liquidity
KGC has a Current Ratio of 2.01. This indicates that KGC is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.01, KGC is in line with its industry, outperforming 40.65% of the companies in the same industry.
A Quick Ratio of 0.83 indicates that KGC may have some problems paying its short term obligations.
KGC has a Quick ratio of 0.83. This is in the lower half of the industry: KGC underperforms 79.35% of its industry peers.
The current and quick ratio evaluation for KGC is rather negative, while it does have 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
KGC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 151.06%, which is quite impressive.
Measured over the past years, KGC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.87% on average per year.
Looking at the last year, KGC shows a very strong growth in Revenue. The Revenue has grown by 34.40%.
Measured over the past years, KGC shows a quite strong growth in Revenue. The Revenue has been growing by 8.04% on average per year.
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 -5.97% on average over the next years.
KGC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.86% yearly.
EPS Next Y120.76%
EPS Next 2Y54.69%
EPS Next 3Y28.94%
EPS Next 5Y-5.97%
Revenue Next Year29.36%
Revenue Next 2Y16.46%
Revenue Next 3Y8.9%
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
The Price/Earnings ratio is 21.97, which indicates a rather expensive current valuation of KGC.
Compared to the rest of the industry, the Price/Earnings ratio of KGC indicates a somewhat cheap valuation: KGC is cheaper than 80.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.69, KGC is valued a bit cheaper.
With a Price/Forward Earnings ratio of 15.94, KGC is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KGC indicates a somewhat cheap valuation: KGC is cheaper than 64.52% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of KGC to the average of the S&P500 Index (23.18), we can say KGC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.97 | ||
| Fwd PE | 15.94 |
4.2 Price Multiples
KGC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. KGC is cheaper than 78.06% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, KGC is valued cheaply inside the industry as 89.03% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.8 | ||
| EV/EBITDA | 9.59 |
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.
KGC has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as KGC's earnings are expected to grow with 28.94% in the coming years.
PEG (NY)0.18
PEG (5Y)1.48
EPS Next 2Y54.69%
EPS Next 3Y28.94%
5. Dividend
5.1 Amount
KGC has a yearly dividend return of 0.42%, which is pretty low.
Compared to an average industry Dividend Yield of 2.42, KGC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, KGC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
5.2 History
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)N/A
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
9.64% of the earnings are spent on dividend by KGC. This is a low number and sustainable payout ratio.
DP9.64%
EPS Next 2Y54.69%
EPS Next 3Y28.94%
25.93
+0.83 (+3.31%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners64%
Inst Owner Change-0.03%
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap33.33B
Analysts80
Price Target22.31 (-13.96%)
Short Float %1.43%
Short Ratio0.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
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)4.01%
PT rev (3m)13.74%
EPS NQ rev (1m)2.34%
EPS NQ rev (3m)28.45%
EPS NY rev (1m)2.07%
EPS NY rev (3m)56.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.62%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)11.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.97 | ||
| Fwd PE | 15.94 | ||
| P/S | 5.49 | ||
| P/FCF | 16.8 | ||
| P/OCF | 10.9 | ||
| P/B | 4.86 | ||
| P/tB | 4.86 | ||
| EV/EBITDA | 9.59 |
EPS(TTM)1.18
EY4.55%
EPS(NY)1.63
Fwd EY6.28%
FCF(TTM)1.54
FCFY5.95%
OCF(TTM)2.38
OCFY9.17%
SpS4.72
BVpS5.34
TBVpS5.34
PEG (NY)0.18
PEG (5Y)1.48
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 | 5.16 |
F-Score7
WACC8.14%
ROIC/WACC1.83
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 Y120.76%
EPS Next 2Y54.69%
EPS Next 3Y28.94%
EPS Next 5Y-5.97%
Revenue 1Y (TTM)34.4%
Revenue growth 3Y11.35%
Revenue growth 5Y8.04%
Sales Q2Q%41.74%
Revenue Next Year29.36%
Revenue Next 2Y16.46%
Revenue Next 3Y8.9%
Revenue Next 5Y-4.86%
EBIT growth 1Y144.17%
EBIT growth 3Y21.5%
EBIT growth 5Y17.5%
EBIT Next Year177.93%
EBIT Next 3Y38.45%
EBIT Next 5Y1.94%
FCF growth 1Y356.37%
FCF growth 3Y91.05%
FCF growth 5Y62.85%
OCF growth 1Y110.57%
OCF growth 3Y29.17%
OCF growth 5Y14.84%