KINROSS GOLD CORP (KGC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:KGC - CA4969024047 - Common Stock
28.16 USD
-0.45 (-1.57%)
28.1656 USD
+0.01 (+0.02%)
We assign a fundamental rating of 7 out of 10 to KGC. KGC was compared to 156 industry peers in the Metals & Mining industry. KGC gets an excellent profitability rating and is at the same time showing great financial health properties. KGC is valued quite cheap, while showing a decent growth score. This is a good combination! This makes KGC very considerable for value and quality investing!
1. Profitability
1.1 Basic Checks
KGC had positive earnings in the past year.
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
KGC has a Return On Assets of 13.34%. This is amongst the best in the industry. KGC outperforms 92.95% of its industry peers.
Looking at the Return On Equity, with a value of 20.25%, KGC belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 13.90%, KGC belongs to the top of the industry, outperforming 89.74% of the companies in the same industry.
KGC had an Average Return On Invested Capital over the past 3 years of 6.23%. This is significantly below the industry average of 13.25%.
The 3 year average ROIC (6.23%) for KGC is below the current ROIC(13.90%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.34% | ||
| ROE | 20.25% | ||
| ROIC | 13.9% |
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
With an excellent Profit Margin value of 25.19%, KGC belongs to the best of the industry, outperforming 90.38% of the companies in the same industry.
KGC's Profit Margin has declined in the last couple of years.
KGC has a Operating Margin of 38.20%. This is amongst the best in the industry. KGC outperforms 89.10% of its industry peers.
In the last couple of years the Operating Margin of KGC has grown nicely.
The Gross Margin of KGC (44.10%) is better than 78.21% 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) | 25.19% | ||
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KGC is creating some value.
KGC has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for KGC has been reduced compared to 5 years ago.
The debt/assets ratio for KGC has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 5.79 indicates that KGC is not in any danger for bankruptcy at the moment.
KGC has a Altman-Z score of 5.79. This is in the better half of the industry: KGC outperforms 67.31% of its industry peers.
KGC has a debt to FCF ratio of 0.62. This is a very positive value and a sign of high solvency as it would only need 0.62 years to pay back of all of its debts.
KGC's Debt to FCF ratio of 0.62 is amongst the best of the industry. KGC outperforms 90.38% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that KGC is not too dependend on debt financing.
The Debt to Equity ratio of KGC (0.16) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 0.62 | ||
| Altman-Z | 5.79 |
ROIC/WACC1.5
WACC9.24%
2.3 Liquidity
KGC has a Current Ratio of 2.84. This indicates that KGC is financially healthy and has no problem in meeting its short term obligations.
KGC has a Current ratio (2.84) which is comparable to the rest of the industry.
KGC has a Quick Ratio of 1.45. 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 Quick ratio of 1.45 is in line compared to the rest of the industry. KGC outperforms 44.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.84 | ||
| Quick Ratio | 1.45 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 133.90% over the past year.
KGC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.87% yearly.
Looking at the last year, KGC shows a very strong growth in Revenue. The Revenue has grown by 32.90%.
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)133.9%
EPS 3Y17.42%
EPS 5Y14.87%
EPS Q2Q%83.33%
Revenue 1Y (TTM)32.9%
Revenue growth 3Y11.35%
Revenue growth 5Y8.04%
Sales Q2Q%25.84%
3.2 Future
Based on estimates for the next years, KGC will show a small growth in Earnings Per Share. The EPS will grow by 2.16% on average per year.
KGC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.86% yearly.
EPS Next Y152.97%
EPS Next 2Y85.86%
EPS Next 3Y53.27%
EPS Next 5Y2.16%
Revenue Next Year36.17%
Revenue Next 2Y26.07%
Revenue Next 3Y16.65%
Revenue Next 5Y-4.86%
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
KGC is valuated rather expensively with a Price/Earnings ratio of 20.41.
Based on the Price/Earnings ratio, KGC is valued cheaply inside the industry as 83.97% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.51, KGC is valued a bit cheaper.
With a Price/Forward Earnings ratio of 11.99, the valuation of KGC can be described as very reasonable.
Based on the Price/Forward Earnings ratio, KGC is valued a bit cheaper than 76.28% of the companies in the same industry.
KGC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.41 | ||
| Fwd PE | 11.99 |
4.2 Price Multiples
KGC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. KGC is cheaper than 74.36% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, KGC is valued cheaper than 90.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.14 | ||
| EV/EBITDA | 10.36 |
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.
KGC's earnings are expected to grow with 53.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.13
PEG (5Y)1.37
EPS Next 2Y85.86%
EPS Next 3Y53.27%
5. Dividend
5.1 Amount
With a yearly dividend of 0.41%, KGC is not a good candidate for dividend investing.
KGC's Dividend Yield is a higher than the industry average which is at 0.98.
Compared to an average S&P500 Dividend Yield of 2.00, KGC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.41% |
5.2 History
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)N/A
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
KGC pays out 9.65% of its income as dividend. This is a sustainable payout ratio.
DP9.65%
EPS Next 2Y85.86%
EPS Next 3Y53.27%
28.16
-0.45 (-1.57%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners68.23%
Inst Owner Change0.99%
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap33.99B
Revenue(TTM)6.44B
Net Income(TTM)1.53B
Analysts78.57
Price Target32.57 (15.66%)
Short Float %1.69%
Short Ratio2.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.41% |
Yearly Dividend0.12
Dividend Growth(5Y)N/A
DP9.65%
Div Incr Years0
Div Non Decr Years4
Ex-DateN/A
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)9.35%
PT rev (3m)51.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.21%
EPS NY rev (1m)0.43%
EPS NY rev (3m)14.59%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.56%
Revenue NY rev (3m)5.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.41 | ||
| Fwd PE | 11.99 | ||
| P/S | 5.6 | ||
| P/FCF | 17.14 | ||
| P/OCF | 11.12 | ||
| P/B | 4.5 | ||
| P/tB | 4.5 | ||
| EV/EBITDA | 10.36 |
EPS(TTM)1.38
EY4.9%
EPS(NY)2.35
Fwd EY8.34%
FCF(TTM)1.64
FCFY5.84%
OCF(TTM)2.53
OCFY8.99%
SpS5.03
BVpS6.26
TBVpS6.26
PEG (NY)0.13
PEG (5Y)1.37
Graham Number13.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.34% | ||
| ROE | 20.25% | ||
| ROCE | 22.11% | ||
| ROIC | 13.9% | ||
| ROICexc | 13.9% | ||
| ROICexgc | 13.9% | ||
| OM | 38.2% | ||
| PM (TTM) | 25.19% | ||
| GM | 44.1% | ||
| FCFM | 32.66% |
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%
ROICexgc growth 3Y20.62%
ROICexgc 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-Score8
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 0.62 | ||
| Debt/EBITDA | 0.36 | ||
| Cap/Depr | 94.83% | ||
| Cap/Sales | 17.68% | ||
| Interest Coverage | 24.3 | ||
| Cash Conversion | 88.56% | ||
| Profit Quality | 129.68% | ||
| Current Ratio | 2.84 | ||
| Quick Ratio | 1.45 | ||
| Altman-Z | 5.79 |
F-Score8
WACC9.24%
ROIC/WACC1.5
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)133.9%
EPS 3Y17.42%
EPS 5Y14.87%
EPS Q2Q%83.33%
EPS Next Y152.97%
EPS Next 2Y85.86%
EPS Next 3Y53.27%
EPS Next 5Y2.16%
Revenue 1Y (TTM)32.9%
Revenue growth 3Y11.35%
Revenue growth 5Y8.04%
Sales Q2Q%25.84%
Revenue Next Year36.17%
Revenue Next 2Y26.07%
Revenue Next 3Y16.65%
Revenue Next 5Y-4.86%
EBIT growth 1Y144.28%
EBIT growth 3Y21.5%
EBIT growth 5Y17.5%
EBIT Next Year204.58%
EBIT Next 3Y56.61%
EBIT Next 5Y8.8%
FCF growth 1Y356.23%
FCF growth 3Y91.05%
FCF growth 5Y62.85%
OCF growth 1Y110.57%
OCF growth 3Y29.17%
OCF growth 5Y14.84%
KINROSS GOLD CORP / KGC FAQ
Can you provide the ChartMill fundamental rating for KINROSS GOLD CORP?
ChartMill assigns a fundamental rating of 7 / 10 to KGC.
What is the valuation status of KINROSS GOLD CORP (KGC) stock?
ChartMill assigns a valuation rating of 8 / 10 to KINROSS GOLD CORP (KGC). This can be considered as Undervalued.
How profitable is KINROSS GOLD CORP (KGC) stock?
KINROSS GOLD CORP (KGC) has a profitability rating of 8 / 10.
What is the valuation of KINROSS GOLD CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for KINROSS GOLD CORP (KGC) is 20.41 and the Price/Book (PB) ratio is 4.5.
Is the dividend of KINROSS GOLD CORP sustainable?
The dividend rating of KINROSS GOLD CORP (KGC) is 4 / 10 and the dividend payout ratio is 9.65%.