KINROSS GOLD CORP (KGC) Stock Fundamental Analysis
NYSE:KGC - New York Stock Exchange, Inc. - CA4969024047 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to KGC. KGC was compared to 152 industry peers in the Metals & Mining industry. KGC has an excellent profitability rating, but there are some minor concerns on its financial health. KGC has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year KGC was profitable.
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 better Return On Assets (8.73%) than 86.84% of its industry peers.
Looking at the Return On Equity, with a value of 13.83%, KGC belongs to the top of the industry, outperforming 86.18% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.40%, KGC belongs to the top of the industry, outperforming 84.87% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KGC is below the industry average of 8.52%.
The 3 year average ROIC (6.23%) for KGC is below the current ROIC(9.40%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.73% | ||
| ROE | 13.83% | ||
| ROIC | 9.4% |
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's Profit Margin of 18.43% is amongst the best of the industry. KGC outperforms 88.16% of its industry peers.
In the last couple of years the Profit Margin of KGC has declined.
KGC's Operating Margin of 28.48% is amongst the best of the industry. KGC outperforms 84.87% of its industry peers.
KGC's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 35.04%, KGC is in the better half of the industry, outperforming 75.66% of the companies in the same industry.
KGC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.48% | ||
| PM (TTM) | 18.43% | ||
| GM | 35.04% |
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
KGC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, KGC has about the same amount of shares outstanding.
KGC has less shares outstanding than it did 5 years ago.
The debt/assets ratio for KGC has been reduced compared to a year ago.
2.2 Solvency
KGC has an Altman-Z score of 2.75. 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.
KGC has a Altman-Z score of 2.75. This is comparable to the rest of the industry: KGC outperforms 55.26% of its industry peers.
The Debt to FCF ratio of KGC is 1.05, which is an excellent value as it means it would take KGC, only 1.05 years of fcf income to pay off all of its debts.
KGC has a Debt to FCF ratio of 1.05. This is amongst the best in the industry. KGC outperforms 87.50% of its industry peers.
A Debt/Equity ratio of 0.18 indicates that KGC is not too dependend on debt financing.
KGC has a Debt to Equity ratio (0.18) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 1.05 | ||
| Altman-Z | 2.75 |
ROIC/WACC1.11
WACC8.45%
2.3 Liquidity
A Current Ratio of 2.01 indicates that KGC has no problem at all paying its short term obligations.
KGC has a Current ratio (2.01) which is comparable to the rest of the industry.
KGC has a Quick Ratio of 2.01. This is a bad value and indicates that KGC is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of KGC (0.83) is worse than 75.00% of its industry peers.
| 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 54.20%, 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.
The Revenue has grown by 21.44% in the past year. This is a very strong growth!
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)54.2%
EPS 3Y17.42%
EPS 5Y14.87%
EPS Q2Q%81.82%
Revenue 1Y (TTM)21.44%
Revenue growth 3Y11.35%
Revenue growth 5Y8.04%
Sales Q2Q%26.9%
3.2 Future
The Earnings Per Share is expected to decrease by -4.48% on average over the next years.
Based on estimates for the next years, KGC will show a decrease in Revenue. The Revenue will decrease by -4.78% on average per year.
EPS Next Y19.73%
EPS Next 2Y15.01%
EPS Next 3Y9.24%
EPS Next 5Y-4.48%
Revenue Next Year7.83%
Revenue Next 2Y3.19%
Revenue Next 3Y2.7%
Revenue Next 5Y-4.78%
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
With a Price/Earnings ratio of 21.71, KGC is valued on the expensive side.
Based on the Price/Earnings ratio, KGC is valued a bit cheaper than 70.39% of the companies in the same industry.
When comparing the Price/Earnings ratio of KGC to the average of the S&P500 Index (28.13), we can say KGC is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 18.14, the valuation of KGC can be described as rather expensive.
KGC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. KGC is cheaper than 63.16% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.03. KGC is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.71 | ||
| Fwd PE | 18.14 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KGC is valued a bit cheaper than the industry average as 75.66% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, KGC is valued cheaply inside the industry as 86.18% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.25 | ||
| EV/EBITDA | 7.39 |
4.3 Compensation for Growth
KGC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of KGC may justify a higher PE ratio.
PEG (NY)1.1
PEG (5Y)1.46
EPS Next 2Y15.01%
EPS Next 3Y9.24%
5. Dividend
5.1 Amount
With a yearly dividend of 0.85%, KGC is not a good candidate for dividend investing.
KGC's Dividend Yield is a higher than the industry average which is at 3.17.
With a Dividend Yield of 0.85, KGC pays less dividend than the S&P500 average, which is at 2.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
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
15.55% of the earnings are spent on dividend by KGC. This is a low number and sustainable payout ratio.
DP15.55%
EPS Next 2Y15.01%
EPS Next 3Y9.24%
NYSE:KGC (4/17/2025, 10:48:08 AM)
14.765
-0.26 (-1.76%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners68.64%
Inst Owner Change0%
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap18.17B
Analysts80
Price Target14.3 (-3.15%)
Short Float %0.79%
Short Ratio0.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
Yearly Dividend0.12
Dividend Growth(5Y)N/A
DP15.55%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.54%
Min EPS beat(2)-18.81%
Max EPS beat(2)25.89%
EPS beat(4)3
Avg EPS beat(4)16.49%
Min EPS beat(4)-18.81%
Max EPS beat(4)57.06%
EPS beat(8)7
Avg EPS beat(8)29.26%
EPS beat(12)8
Avg EPS beat(12)13.27%
EPS beat(16)10
Avg EPS beat(16)12.49%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
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)1.67%
PT rev (3m)11.15%
EPS NQ rev (1m)3.71%
EPS NQ rev (3m)0.24%
EPS NY rev (1m)-3.03%
EPS NY rev (3m)-5.02%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.71 | ||
| Fwd PE | 18.14 | ||
| P/S | 3.53 | ||
| P/FCF | 13.25 | ||
| P/OCF | 7.43 | ||
| P/B | 2.65 | ||
| P/tB | 2.65 | ||
| EV/EBITDA | 7.39 |
EPS(TTM)0.68
EY4.61%
EPS(NY)0.81
Fwd EY5.51%
FCF(TTM)1.11
FCFY7.55%
OCF(TTM)1.99
OCFY13.47%
SpS4.18
BVpS5.58
TBVpS5.58
PEG (NY)1.1
PEG (5Y)1.46
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.73% | ||
| ROE | 13.83% | ||
| ROCE | 14.95% | ||
| ROIC | 9.4% | ||
| ROICexc | 10.02% | ||
| ROICexgc | 10.02% | ||
| OM | 28.48% | ||
| PM (TTM) | 18.43% | ||
| GM | 35.04% | ||
| FCFM | 26.63% |
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 Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 1.05 | ||
| Debt/EBITDA | 0.47 | ||
| Cap/Depr | 93.73% | ||
| Cap/Sales | 20.89% | ||
| Interest Coverage | 11.44 | ||
| Cash Conversion | 93.6% | ||
| Profit Quality | 144.49% | ||
| Current Ratio | 2.01 | ||
| Quick Ratio | 0.83 | ||
| Altman-Z | 2.75 |
F-Score7
WACC8.45%
ROIC/WACC1.11
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)54.2%
EPS 3Y17.42%
EPS 5Y14.87%
EPS Q2Q%81.82%
EPS Next Y19.73%
EPS Next 2Y15.01%
EPS Next 3Y9.24%
EPS Next 5Y-4.48%
Revenue 1Y (TTM)21.44%
Revenue growth 3Y11.35%
Revenue growth 5Y8.04%
Sales Q2Q%26.9%
Revenue Next Year7.83%
Revenue Next 2Y3.19%
Revenue Next 3Y2.7%
Revenue Next 5Y-4.78%
EBIT growth 1Y74.49%
EBIT growth 3Y21.5%
EBIT growth 5Y17.5%
EBIT Next Year105.62%
EBIT Next 3Y25.1%
EBIT Next 5Y4.98%
FCF growth 1Y170.39%
FCF growth 3Y91.05%
FCF growth 5Y62.85%
OCF growth 1Y52.4%
OCF growth 3Y29.17%
OCF growth 5Y14.84%