KINROSS GOLD CORP (KGC) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:KGC • CA4969024047

31.56 USD
-5.04 (-13.77%)
At close: Jan 30, 2026
32.01 USD
+0.45 (+1.43%)
After Hours: 1/30/2026, 8:04:00 PM
Fundamental Rating

6

Taking everything into account, KGC scores 6 out of 10 in our fundamental rating. KGC was compared to 157 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making KGC a very profitable company, without any liquidiy or solvency issues. KGC is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make KGC a good candidate for value investing.


Dividend Valuation Growth Profitability Health

8

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.
  • KGC had positive earnings in 4 of the past 5 years.
  • KGC had a positive operating cash flow in each of the past 5 years.
KGC Yearly Net Income VS EBIT VS OCF VS FCFKGC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 13.34%, KGC belongs to the top of the industry, outperforming 93.63% of the companies in the same industry.
  • KGC has a Return On Equity of 20.25%. This is amongst the best in the industry. KGC outperforms 92.99% of its industry peers.
  • KGC's Return On Invested Capital of 13.90% is amongst the best of the industry. KGC outperforms 88.53% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for KGC is below the industry average of 10.48%.
  • The last Return On Invested Capital (13.90%) for KGC is above the 3 year average (6.23%), which is a sign of increasing profitability.
Industry RankSector 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%
KGC Yearly ROA, ROE, ROICKGC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 25.19%, KGC belongs to the top of the industry, outperforming 90.45% of the companies in the same industry.
  • KGC's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 38.20%, KGC belongs to the best of the industry, outperforming 89.81% of the companies in the same industry.
  • KGC's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 44.10%, KGC is in the better half of the industry, outperforming 78.34% of the companies in the same industry.
  • KGC's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
KGC Yearly Profit, Operating, Gross MarginsKGC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

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7

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KGC is still creating some value.
  • The number of shares outstanding for KGC remains at a similar level compared to 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.
KGC Yearly Shares OutstandingKGC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
KGC Yearly Total Debt VS Total AssetsKGC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • KGC has an Altman-Z score of 6.33. This indicates that KGC is financially healthy and has little risk of bankruptcy at the moment.
  • KGC has a better Altman-Z score (6.33) than 68.79% of its industry peers.
  • The Debt to FCF ratio of KGC is 0.62, which is an excellent value as it means it would take KGC, only 0.62 years of fcf income to pay off all of its debts.
  • KGC has a Debt to FCF ratio of 0.62. This is amongst the best in the industry. KGC outperforms 91.08% of its industry peers.
  • A Debt/Equity ratio of 0.16 indicates that KGC is not too dependend on debt financing.
  • KGC has a Debt to Equity ratio (0.16) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 0.62
Altman-Z 6.33
ROIC/WACC1.43
WACC9.69%
KGC Yearly LT Debt VS Equity VS FCFKGC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 2.84 indicates that KGC has no problem at all paying its short term obligations.
  • The Current ratio of KGC (2.84) 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 47.77% of its industry peers.
Industry RankSector Rank
Current Ratio 2.84
Quick Ratio 1.45
KGC Yearly Current Assets VS Current LiabilitesKGC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 133.90% over the past year.
  • The Earnings Per Share has been growing by 14.87% on average over the past years. This is quite good.
  • Looking at the last year, KGC shows a very strong growth in Revenue. The Revenue has grown by 32.90%.
  • KGC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.04% yearly.
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 decrease in Earnings Per Share. The EPS will decrease by -9.53% on average per year.
  • The Revenue is expected to decrease by -4.86% on average over the next years.
EPS Next Y154.7%
EPS Next 2Y89.26%
EPS Next 3Y54.93%
EPS Next 5Y-9.53%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
KGC Yearly Revenue VS EstimatesKGC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B
KGC Yearly EPS VS EstimatesKGC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.5 1 1.5 2 2.5

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7

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 22.87, which indicates a rather expensive current valuation of KGC.
  • 82.80% of the companies in the same industry are more expensive than KGC, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 28.32. KGC is around the same levels.
  • A Price/Forward Earnings ratio of 12.96 indicates a correct valuation of KGC.
  • Based on the Price/Forward Earnings ratio, KGC is valued a bit cheaper than 75.80% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, KGC is valued a bit cheaper.
Industry RankSector Rank
PE 22.87
Fwd PE 12.96
KGC Price Earnings VS Forward Price EarningsKGC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, KGC is valued a bit cheaper than the industry average as 75.80% of the companies are valued more expensively.
  • KGC's Price/Free Cash Flow ratio is rather cheap when compared to the industry. KGC is cheaper than 92.36% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.2
EV/EBITDA 11.39
KGC Per share dataKGC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

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 54.93% in the coming years.
PEG (NY)0.15
PEG (5Y)1.54
EPS Next 2Y89.26%
EPS Next 3Y54.93%

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4

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.40%, KGC is not a good candidate for dividend investing.
  • KGC's Dividend Yield is a higher than the industry average which is at 1.02.
  • With a Dividend Yield of 0.40, KGC pays less dividend than the S&P500 average, which is at 1.83.
Industry RankSector Rank
Dividend Yield 0.4%

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
KGC Yearly Dividends per shareKGC Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.02 0.04 0.06 0.08 0.1

5.3 Sustainability

  • KGC pays out 9.65% of its income as dividend. This is a sustainable payout ratio.
DP9.65%
EPS Next 2Y89.26%
EPS Next 3Y54.93%
KGC Yearly Income VS Free CF VS DividendKGC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B
KGC Dividend Payout.KGC Dividend Payout, showing the Payout Ratio.KGC Dividend Payout.PayoutRetained Earnings

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KINROSS GOLD CORP / KGC FAQ

Can you provide the ChartMill fundamental rating for KINROSS GOLD CORP?

ChartMill assigns a fundamental rating of 6 / 10 to KGC.


What is the valuation status of KINROSS GOLD CORP (KGC) stock?

ChartMill assigns a valuation rating of 7 / 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 22.87 and the Price/Book (PB) ratio is 5.04.


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%.