TSX:K

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Executive Summary

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. More Details


Snowflake Analysis

Very undervalued with solid track record.


Similar Companies

Share Price & News

How has Kinross Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: K has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.1%

K

-0.9%

CA Metals and Mining

-1.0%

CA Market


1 Year Return

83.0%

K

54.1%

CA Metals and Mining

-4.3%

CA Market

Return vs Industry: K exceeded the Canadian Metals and Mining industry which returned 54.2% over the past year.

Return vs Market: K exceeded the Canadian Market which returned -4.2% over the past year.


Shareholder returns

KIndustryMarket
7 Day-4.1%-0.9%-1.0%
30 Day4.6%-1.2%1.3%
90 Day1.9%-1.2%1.9%
1 Year83.6%83.0%55.3%54.1%-0.9%-4.3%
3 Year127.4%126.6%58.2%55.1%6.4%-4.0%
5 Year339.2%337.6%151.2%143.4%33.3%12.8%

Price Volatility Vs. Market

How volatile is Kinross Gold's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kinross Gold undervalued compared to its fair value and its price relative to the market?

35.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: K (CA$12) is trading below our estimate of fair value (CA$17.76)

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 (12.7x) compared to the CA Metals and Mining industry average (23.8x).

PE vs Market: K is good value based on its PE Ratio (12.7x) compared to the Canadian market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: K is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: K is good value based on its PB Ratio (2.1x) compared to the CA Metals and Mining industry average (2.8x).


Next Steps

Future Growth

How is Kinross Gold forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

18.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: K's forecast earnings growth (18.1% per year) is above the savings rate (1.7%).

Earnings vs Market: K's earnings (18.1% per year) are forecast to grow slower than the Canadian market (21.1% per year).

High Growth Earnings: K's earnings are forecast to grow, but not significantly.

Revenue vs Market: K's revenue (7.5% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: K's revenue (7.5% 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 (19.9%).


Next Steps

Past Performance

How has Kinross Gold performed over the past 5 years?

76.5%

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%) are higher than last year (0.2%).


Past Earnings Growth Analysis

Earnings Trend: K has become profitable over the past 5 years, growing earnings by 76.5% per year.

Accelerating Growth: K's earnings growth over the past year (15176.2%) exceeds its 5-year average (76.5% per year).

Earnings vs Industry: K earnings growth over the past year (15176.2%) exceeded the Metals and Mining industry 78.5%.


Return on Equity

High ROE: K's Return on Equity (16%) is considered low.


Next Steps

Financial Health

How is Kinross Gold's financial position?


Financial Position Analysis

Short Term Liabilities: K's short term assets ($2.8B) exceed its short term liabilities ($750.9M).

Long Term Liabilities: K's short term assets ($2.8B) do not cover its long term liabilities ($4.0B).


Debt to Equity History and Analysis

Debt Level: K's debt to equity ratio (47.5%) is considered high.

Reducing Debt: K's debt to equity ratio has increased from 42.1% to 47.5% over the past 5 years.

Debt Coverage: K's debt is well covered by operating cash flow (51.4%).

Interest Coverage: K's interest payments on its debt are well covered by EBIT (13.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Kinross Gold current dividend yield, its reliability and sustainability?

1.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: K's dividend (0.98%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.69%).

High Dividend: K's dividend (0.98%) is low compared to the top 25% of dividend payers in the Canadian market (5.78%).


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 fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: K's dividends in 3 years are forecast to be thoroughly covered by earnings (10.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

J. Rollinson (58 yo)

8.17yrs

Tenure

US$6,876,647

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 ($USD6.88M) is about average for companies of similar size in the Canadian market ($USD7.07M).

Compensation vs Earnings: J.'s compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
J. Rollinson
President8.17yrsUS$6.88m0.32%
$ 48.8m
Andrea Freeborough
Senior VP & CFO1.42yrsUS$1.56m0.029%
$ 4.4m
Paul Botond Tomory
Executive VP & CTO3.75yrsUS$1.83m0.041%
$ 6.1m
Geoffrey Gold
Executive VP of Corporate Development & External Relations and Chief Legal Officer12.67yrsUS$3.50m0.13%
$ 19.4m
Claude J. Schimper
Senior Vice-President of Russia Operations1.5yrsUS$1.79m0.017%
$ 2.6m
Thomas Elliott
Senior Vice President of Investor Relations & Corporate Development4.75yrsno data0.032%
$ 4.9m
Kathleen Grandy
VP of Human Resourcesno datano datano data
Louie Diaz
Senior Director of Corporate Communicationsno datano datano data
Kathleen Allamby
Executive Assistant to CFO & Senior VP of Global Human Resourcesno datano datano data
Greg Etter
Senior Vice-President of Legalno datano datano data
John Sims
Senior Vice-President of Geology & Brownfields Exploration1.5yrsno data0.013%
$ 2.0m
Nathan Longenecker
Senior VP of Legal & General Counsel1.5yrsno data0.020%
$ 3.1m

2.6yrs

Average Tenure

Experienced Management: K's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
J. Rollinson
President8.17yrsUS$6.88m0.32%
$ 48.8m
Ian Atkinson
Independent Director4.67yrsUS$244.32kno data
Catherine McLeod-Seltzer
Independent Chairman1.75yrsUS$369.55k0.00098%
$ 148.0k
Glenn Ives
Independent Director0.42yrno data0.0024%
$ 359.3k
John Brough
Independent Director26.75yrsUS$234.82kno data
Kerry Dyte
Independent Director2.92yrsUS$220.96k0.0032%
$ 486.1k
Ave Lethbridge
Independent Director5.42yrsUS$219.42kno data
David Scott
Independent Director1.42yrsUS$142.43kno data
Kelly Osborne
Independent Corporate Director5.42yrsUS$237.90kno data
Elizabeth McGregor
Independent Director0.92yrUS$36.83kno data

3.8yrs

Average Tenure

59yo

Average Age

Experienced Board: K's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: K insiders have only sold shares 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kinross Gold Corporation
  • Ticker: K
  • Exchange: TSX
  • Founded: 1993
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$15.097b
  • Shares outstanding: 1.26b
  • Website: https://www.kinross.com

Number of Employees


Location

  • Kinross Gold Corporation
  • 25 York Street
  • 17th Floor
  • Toronto
  • Ontario
  • M5J 2V5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KGCNYSE (New York Stock Exchange)YesCommon SharesUSUSDJun 1993
KTSX (The Toronto Stock Exchange)YesCommon SharesCACADJun 1993
KIN2DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 1993
KIN2XTRA (XETRA Trading Platform)YesCommon SharesDEEURJun 1993
KGSWX (SIX Swiss Exchange)YesCommon SharesCHCHFJun 1993
0R2DLSE (London Stock Exchange)YesCommon SharesGBCADJun 1993

Biography

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in Canada, the United States, the Russian Federation, Brazi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 00:32
End of Day Share Price2020/10/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.