| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
K Stock Overview
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
Kinross Gold Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$7.00 |
| 52 Week High | CA$10.06 |
| 52 Week Low | CA$6.35 |
| Beta | 0.86 |
| 1 Month Change | -2.24% |
| 3 Month Change | -6.79% |
| 1 Year Change | -21.08% |
| 3 Year Change | 69.90% |
| 5 Year Change | 46.44% |
| Change since IPO | 66.66% |
Recent News & Updates
Is Kinross Gold (TSE:K) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Calculating The Intrinsic Value Of Kinross Gold Corporation (TSE:K)
Does the December share price for Kinross Gold Corporation ( TSE:K ) reflect what it's really worth? Today, we will...
Kinross Gold (TSE:K) Is Experiencing Growth In Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Shareholder Returns
| K | CA Metals and Mining | CA Market | |
|---|---|---|---|
| 7D | 1.7% | 3.6% | 1.4% |
| 1Y | -21.1% | 0.8% | 19.1% |
Return vs Industry: K underperformed the Canadian Metals and Mining industry which returned 0.8% over the past year.
Return vs Market: K underperformed the Canadian Market which returned 19.1% over the past year.
Price Volatility
| K volatility | |
|---|---|
| K Average Weekly Movement | 5.5% |
| Metals and Mining Industry Average Movement | 10.5% |
| Market Average Movement | 9.7% |
| 10% most volatile stocks in CA Market | 17.7% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: K is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: K's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | n/a | J. Rollinson | https://www.kinross.com |
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. As of December 31, 2019, its proven and probable mineral reserves included approximately 30.0 million ounces of gold and 59.2 million ounces of silver.
Kinross Gold Fundamentals Summary
| K fundamental statistics | |
|---|---|
| Market Cap | US$6.99b |
| Earnings (TTM) | US$1.01b |
| Revenue (TTM) | US$4.05b |
6.9x
P/E Ratio1.7x
P/S RatioIs K overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| K income statement (TTM) | |
|---|---|
| Revenue | US$4.05b |
| Cost of Revenue | US$1.78b |
| Gross Profit | US$2.27b |
| Expenses | US$1.26b |
| Earnings | US$1.01b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 16, 2022
| Earnings per share (EPS) | 0.80 |
| Gross Margin | 56.11% |
| Net Profit Margin | 24.90% |
| Debt/Equity Ratio | 21.2% |
How did K perform over the long term?
See historical performance and comparisonDividends
2.2%
Current Dividend Yield15%
Payout RatioValuation
Is Kinross Gold undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: K (CA$7) is trading below our estimate of fair value (CA$41.06)
Significantly Below Fair Value: K is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: K is good value based on its PE Ratio (6.9x) compared to the Canadian Metals and Mining industry average (10.2x).
PE vs Market: K is good value based on its PE Ratio (6.9x) compared to the Canadian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: K is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: K is good value based on its PB Ratio (1x) compared to the CA Metals and Mining industry average (2.5x).
Future Growth
How is Kinross Gold forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
34.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: K's forecast earnings growth (34.3% per year) is above the savings rate (1.6%).
Earnings vs Market: K's earnings (34.3% per year) are forecast to grow faster than the Canadian market (11% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: K's revenue (14.2% per year) is forecast to grow faster than the Canadian market (5.5% per year).
High Growth Revenue: K's revenue (14.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: K's Return on Equity is forecast to be low in 3 years time (12.7%).
Past Performance
How has Kinross Gold performed over the past 5 years?
59.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: K has high quality earnings.
Growing Profit Margin: K's current net profit margins (24.9%) are lower than last year (26.9%).
Past Earnings Growth Analysis
Earnings Trend: K has become profitable over the past 5 years, growing earnings by 59.2% per year.
Accelerating Growth: K's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: K had negative earnings growth (-6.8%) over the past year, making it difficult to compare to the Metals and Mining industry average (93.2%).
Return on Equity
High ROE: K's Return on Equity (15.1%) is considered low.
Financial Health
How is Kinross Gold's financial position?
Financial Position Analysis
Short Term Liabilities: K's short term assets ($2.0B) exceed its short term liabilities ($771.5M).
Long Term Liabilities: K's short term assets ($2.0B) do not cover its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: K's net debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: K's debt to equity ratio has reduced from 40% to 21.2% over the past 5 years.
Debt Coverage: K's debt is well covered by operating cash flow (113.3%).
Interest Coverage: K's interest payments on its debt are well covered by EBIT (24.8x coverage).
Balance Sheet
Dividend
What is Kinross Gold current dividend yield, its reliability and sustainability?
2.15%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: K's dividend (2.15%) is higher than the bottom 25% of dividend payers in the Canadian market (1.57%).
High Dividend: K's dividend (2.15%) is low compared to the top 25% of dividend payers in the Canadian market (4.54%).
Stability and Growth of Payments
Stable Dividend: K's dividend payments have been volatile in the past 10 years.
Growing Dividend: K's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (15%), K's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: K's dividends in 3 years are forecast to be thoroughly covered by earnings (12.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
J. Rollinson (59 yo)
9.42yrs
Tenure
US$7,709,382
Compensation
Mr. J. Paul Rollinson has served as Chief Executive Officer and Director of Kinross Gold Corporation since August 1, 2012. Mr. Rollinson serves as President of Kinross Gold Corporation. He was appointed Ex...
CEO Compensation Analysis
Compensation vs Market: J.'s total compensation ($USD7.71M) is above average for companies of similar size in the Canadian market ($USD3.52M).
Compensation vs Earnings: J.'s compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: K's management team is considered experienced (2.8 years average tenure).
Board Members
Experienced Board: K's board of directors are considered experienced (5.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: K insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Kinross Gold Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Kinross Gold Corporation
- Ticker: K
- Exchange: TSX
- Founded: 1993
- Industry: Gold
- Sector: Materials
- Implied Market Cap: CA$8.776b
- Shares outstanding: 1.25b
- Website: https://www.kinross.com
Number of Employees
Location
- Kinross Gold Corporation
- 25 York Street
- 17th Floor
- Toronto
- Ontario
- M5J 2V5
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:15 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.