KINROSS GOLD CORP (KGC) Stock Fundamental Analysis
NYSE:KGC - New York Stock Exchange, Inc. - CA4969024047 - Common Stock - Currency: USD
KGC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 150 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on KGC.
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.
In multiple years KGC reported negative net income over the last 5 years.
KGC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
KGC has a Return On Assets of 6.87%. This is amongst the best in the industry. KGC outperforms 81.12% of its industry peers.
KGC has a better Return On Equity (11.11%) than 80.42% of its industry peers.
KGC has a Return On Invested Capital of 9.96%. This is amongst the best in the industry. KGC outperforms 84.62% of its industry peers.
The Average Return On Invested Capital over the past 3 years for KGC is below the industry average of 8.75%.
The 3 year average ROIC (6.11%) for KGC is below the current ROIC(9.96%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.87% | ||
| ROE | 11.11% | ||
| ROIC | 9.96% |
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
KGC's Profit Margin of 15.23% is amongst the best of the industry. KGC outperforms 87.41% of its industry peers.
KGC's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 24.70%, KGC belongs to the top of the industry, outperforming 83.22% of the companies in the same industry.
In the last couple of years the Operating Margin of KGC has grown nicely.
KGC has a Gross Margin of 31.95%. This is in the better half of the industry: KGC outperforms 72.73% of its industry peers.
In the last couple of years the Gross Margin of KGC has grown nicely.
| 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
KGC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
There is no outstanding debt for KGC. 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
KGC has an Altman-Z score of 1.86. This is not the best score and indicates that KGC is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 1.86, KGC is not doing good in the industry: 61.54% of the companies in the same industry are doing better.
KGC 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 a decent Debt to FCF ratio value of 1.67, KGC is doing good in the industry, outperforming 79.72% of the companies in the same industry.
A Debt/Equity ratio of 0.19 indicates that KGC is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.19, KGC is in line with its industry, outperforming 48.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.67 | ||
| Altman-Z | 1.86 |
ROIC/WACC1.02
WACC9.81%
2.3 Liquidity
KGC has a Current Ratio of 1.61. This is a normal value and indicates that KGC is financially healthy and should not expect problems in meeting its short term obligations.
KGC's Current ratio of 1.61 is on the low side compared to the rest of the industry. KGC is outperformed by 69.93% of its industry peers.
KGC has a Quick Ratio of 1.61. 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 0.63. This is amonst the worse of the industry: KGC underperforms 85.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
KGC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 40.14%, which is quite impressive.
The Earnings Per Share has been growing by 34.55% on average over the past years. This is a very strong growth
KGC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.44%.
KGC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.71% yearly.
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
The Earnings Per Share is expected to decrease by -13.45% on average over the next years. This is quite bad
KGC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.25% yearly.
EPS Next Y70.32%
EPS Next 2Y46.39%
EPS Next 3Y25.98%
EPS Next 5Y-13.45%
Revenue Next Year24.47%
Revenue Next 2Y14.41%
Revenue Next 3Y8.86%
Revenue Next 5Y-3.25%
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 19.44, 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 68.53% of the companies listed in the same industry.
KGC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.47.
With a Price/Forward Earnings ratio of 12.14, KGC is valued correctly.
Based on the Price/Forward Earnings ratio, KGC is valued a bit cheaper than 72.73% of the companies in the same industry.
KGC is valuated cheaply when we compare the Price/Forward Earnings ratio to 92.74, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.44 | ||
| Fwd PE | 12.14 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KGC is valued a bit cheaper than 76.22% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, KGC is valued cheaply inside the industry as 86.01% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.87 | ||
| EV/EBITDA | 6.47 |
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 a very decent profitability rating, which may justify a higher PE ratio.
KGC's earnings are expected to grow with 25.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.28
PEG (5Y)0.56
EPS Next 2Y46.39%
EPS Next 3Y25.98%
5. Dividend
5.1 Amount
With a yearly dividend of 0.98%, KGC is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.15, KGC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.28, KGC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.98% |
5.2 History
The dividend of KGC is nicely growing with an annual growth rate of 8.50%!
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 Years4
5.3 Sustainability
19.96% of the earnings are spent on dividend by KGC. This is a low number and sustainable payout ratio.
DP19.96%
EPS Next 2Y46.39%
EPS Next 3Y25.98%
KINROSS GOLD CORP
NYSE:KGC (2/4/2025, 8:04:00 PM)
After market: 11.51 +0.04 (+0.35%)11.47
+0.02 (+0.17%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners65.21%
Inst Owner Change5.25%
Ins Owners0.35%
Ins Owner ChangeN/A
Market Cap14.10B
Analysts81.33
Price Target12.83 (11.86%)
Short Float %0.87%
Short Ratio0.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.98% |
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)-0.28%
PT rev (3m)9.68%
EPS NQ rev (1m)2.49%
EPS NQ rev (3m)158.35%
EPS NY rev (1m)2.59%
EPS NY rev (3m)14.42%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.36%
Revenue NY rev (3m)5.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.44 | ||
| Fwd PE | 12.14 | ||
| P/S | 2.91 | ||
| P/FCF | 13.87 | ||
| P/OCF | 6.64 | ||
| P/B | 2.12 | ||
| P/tB | 2.12 | ||
| EV/EBITDA | 6.47 |
EPS(TTM)0.59
EY5.14%
EPS(NY)0.95
Fwd EY8.24%
FCF(TTM)0.83
FCFY7.21%
OCF(TTM)1.73
OCFY15.06%
SpS3.94
BVpS5.41
TBVpS5.41
PEG (NY)0.28
PEG (5Y)0.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.87% | ||
| ROE | 11.11% | ||
| ROCE | 12.61% | ||
| ROIC | 9.96% | ||
| ROICexc | 10.48% | ||
| ROICexgc | 10.48% | ||
| 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)6.11%
ROIC(5y)7.07%
ROICexc(3y)6.4%
ROICexc(5y)7.65%
ROICexgc(3y)6.44%
ROICexgc(5y)7.75%
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 | 1.86 |
F-Score7
WACC9.81%
ROIC/WACC1.02
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 Y70.32%
EPS Next 2Y46.39%
EPS Next 3Y25.98%
EPS Next 5Y-13.45%
Revenue 1Y (TTM)15.44%
Revenue growth 3Y0.21%
Revenue growth 5Y5.71%
Sales Q2Q%29.9%
Revenue Next Year24.47%
Revenue Next 2Y14.41%
Revenue Next 3Y8.86%
Revenue Next 5Y-3.25%
EBIT growth 1Y31.67%
EBIT growth 3Y-14%
EBIT growth 5Y33.19%
EBIT Next Year221.63%
EBIT Next 3Y46.68%
EBIT Next 5Y6.63%
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%