KINROSS GOLD CORP (KGC)
CA4969024047 - Common Stock
KGC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 155 industry peers in the Metals & Mining industry. While KGC has a great profitability rating, there are quite some concerns on its financial health. KGC is valued quite cheap, while showing a decent growth score. This is a good combination!
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.
The reported net income has been mixed in the past 5 years: KGC reported negative net income in multiple years.
KGC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
KGC has a better Return On Assets (6.87%) than 78.71% of its industry peers.
KGC's Return On Equity of 11.11% is fine compared to the rest of the industry. KGC outperforms 79.35% of its industry peers.
KGC has a Return On Invested Capital of 9.96%. This is amongst the best in the industry. KGC outperforms 85.16% of its industry peers.
KGC had an Average Return On Invested Capital over the past 3 years of 6.11%. This is below the industry average of 8.84%.
The last Return On Invested Capital (9.96%) for KGC is above the 3 year average (6.11%), which is a sign of increasing profitability.
| 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 has a better Profit Margin (15.23%) than 88.39% of its industry peers.
In the last couple of years the Profit Margin of KGC has declined.
With an excellent Operating Margin value of 24.70%, KGC belongs to the best of the industry, outperforming 84.52% of the companies in the same industry.
In the last couple of years the Operating Margin of KGC has grown nicely.
KGC's Gross Margin of 31.95% is fine compared to the rest of the industry. KGC outperforms 74.19% 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 below the Cost of Capital (WACC), which means it is destroying 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
Based on the Altman-Z score of 1.48, we must say that KGC is in the distress zone and has some risk of bankruptcy.
KGC has a Altman-Z score of 1.48. This is in the lower half of the industry: KGC underperforms 67.74% of its industry peers.
The Debt to FCF ratio of KGC is 1.67, which is an excellent value as it means it would take KGC, only 1.67 years of fcf income to pay off all of its debts.
KGC's Debt to FCF ratio of 1.67 is fine compared to the rest of the industry. KGC outperforms 79.35% of its industry peers.
KGC has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
KGC has a Debt to Equity ratio (0.19) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.67 | ||
| Altman-Z | 1.48 |
ROIC/WACC1
WACC9.97%
2.3 Liquidity
A Current Ratio of 1.61 indicates that KGC should not have too much problems paying its short term obligations.
The Current ratio of KGC (1.61) is worse than 71.61% 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 worse Quick ratio (0.63) than 85.16% 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.
KGC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 34.55% yearly.
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 -2.04% on average over the next years.
KGC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.57% yearly.
EPS Next Y66.03%
EPS Next 2Y39.42%
EPS Next 3Y24.81%
EPS Next 5Y-2.04%
Revenue Next Year24.02%
Revenue Next 2Y14.36%
Revenue Next 3Y8.52%
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 15.45, the valuation of KGC can be described as correct.
71.61% of the companies in the same industry are more expensive than KGC, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.35, KGC is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 10.63, the valuation of KGC can be described as reasonable.
KGC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. KGC is cheaper than 70.32% of the companies in the same industry.
KGC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.45 | ||
| Fwd PE | 10.63 |
4.2 Price Multiples
KGC's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. KGC is cheaper than 81.29% of the companies in the same industry.
KGC's Price/Free Cash Flow ratio is rather cheap when compared to the industry. KGC is cheaper than 86.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.02 | ||
| EV/EBITDA | 5.34 |
4.3 Compensation for Growth
KGC's 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.
A more expensive valuation may be justified as KGC's earnings are expected to grow with 24.81% in the coming years.
PEG (NY)0.23
PEG (5Y)0.45
EPS Next 2Y39.42%
EPS Next 3Y24.81%
5. Dividend
5.1 Amount
KGC has a Yearly Dividend Yield of 1.20%. Purely for dividend investing, there may be better candidates out there.
KGC's Dividend Yield is a higher than the industry average which is at 3.23.
With a Dividend Yield of 1.20, KGC pays less dividend than the S&P500 average, which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.2% |
5.2 History
On average, the dividend of KGC grows each year by 8.50%, which is quite nice.
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
KGC 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
NYSE:KGC (12/30/2024, 12:12:09 PM)
9.115
-0.2 (-2.09%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners65.21%
Inst Owner Change3.61%
Ins Owners0.35%
Ins Owner ChangeN/A
Market Cap11.20B
Analysts81.33
Price Target12.87 (41.2%)
Short Float %0.65%
Short Ratio0.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.2% |
Dividend Growth(5Y)8.5%
DP19.96%
Div Incr Years0
Div Non Decr Years4
Ex-Date
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)-1.57%
PT rev (3m)9.91%
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%
Revenue NY rev (3m)11.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.45 | ||
| Fwd PE | 10.63 | ||
| P/S | 2.31 | ||
| P/FCF | 11.02 | ||
| P/OCF | 5.28 | ||
| P/B | 1.69 | ||
| P/tB | 1.69 | ||
| EV/EBITDA | 5.34 |
EPS(TTM)0.59
EY6.47%
EPS(NY)0.86
Fwd EY9.4%
FCF(TTM)0.83
FCFY9.08%
OCF(TTM)1.73
OCFY18.95%
SpS3.94
BVpS5.41
TBVpS5.41
PEG (NY)0.23
PEG (5Y)0.45
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 | 1.48 |
F-Score7
WACC9.97%
ROIC/WACC1
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-2.04%
Revenue 1Y (TTM)15.44%
Revenue growth 3Y0.21%
Revenue growth 5Y5.71%
Sales Q2Q%29.9%
Revenue Next Year24.02%
Revenue Next 2Y14.36%
Revenue Next 3Y8.52%
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 5Y14.69%
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%