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Market Cap

CA$11.5b

Last Updated

2021/04/13 22:54 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

Outstanding track record, undervalued and pays a dividend.


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 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.


Market Performance


7 Day Return

0.7%

K

0.2%

CA Metals and Mining

0.08%

CA Market


1 Year Return

8.1%

K

27.6%

CA Metals and Mining

38.6%

CA Market

Return vs Industry: K underperformed the Canadian Metals and Mining industry which returned 28.4% over the past year.

Return vs Market: K underperformed the Canadian Market which returned 40.1% over the past year.


Shareholder returns

KIndustryMarket
7 Day0.7%0.2%0.08%
30 Day9.8%2.6%1.1%
90 Day0.7%-1.7%7.8%
1 Year9.5%8.1%28.9%27.6%43.2%38.6%
3 Year91.1%88.7%50.3%47.0%31.5%18.9%
5 Year59.9%57.9%58.1%53.2%56.4%32.8%

Long-Term 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?

44.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: K (CA$9.19) is trading below our estimate of fair value (CA$16.58)

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 CA Metals and Mining industry average (18.2x).

PE vs Market: K is good value based on its PE Ratio (6.9x) compared to the Canadian market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: K's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: K is good value based on its PB Ratio (1.4x) compared to the CA Metals and Mining industry average (2.8x).


Future Growth

How is Kinross Gold forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

-3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: K's earnings are forecast to decline over the next 3 years (-3.4% per year).

Earnings vs Market: K's earnings are forecast to decline over the next 3 years (-3.4% per year).

High Growth Earnings: K's earnings are forecast to decline over the next 3 years.

Revenue vs Market: K's revenue (3.6% per year) is forecast to grow slower than the Canadian market (7.2% per year).

High Growth Revenue: K's revenue (3.6% 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 (18.3%).


Past Performance

How has Kinross Gold performed over the past 5 years?

74.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: K has high quality earnings.

Growing Profit Margin: K's current net profit margins (31.9%) are higher than last year (20.6%).


Past Earnings Growth Analysis

Earnings Trend: K has become profitable over the past 5 years, growing earnings by 74% per year.

Accelerating Growth: K's earnings growth over the past year (86.6%) exceeds its 5-year average (74% per year).

Earnings vs Industry: K earnings growth over the past year (86.6%) exceeded the Metals and Mining industry 74.3%.


Return on Equity

High ROE: K's Return on Equity (20.4%) is considered high.


Financial Health

How is Kinross Gold's financial position?


Financial Position Analysis

Short Term Liabilities: K's short term assets ($2.4B) exceed its short term liabilities ($1.3B).

Long Term Liabilities: K's short term assets ($2.4B) do not cover its long term liabilities ($2.9B).


Debt to Equity History and Analysis

Debt Level: K's debt to equity ratio (28.9%) is considered satisfactory.

Reducing Debt: K's debt to equity ratio has reduced from 50.3% to 28.9% over the past 5 years.

Debt Coverage: K's debt is well covered by operating cash flow (101.8%).

Interest Coverage: K's interest payments on its debt are well covered by EBIT (21x coverage).


Balance Sheet


Dividend

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

1.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: K's dividend (1.64%) is higher than the bottom 25% of dividend payers in the Canadian market (1.5%).

High Dividend: K's dividend (1.64%) is low compared to the top 25% of dividend payers in the Canadian market (4.72%).


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 (5.6%), K's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: K's dividends in 3 years are forecast to be thoroughly covered by earnings (11.5% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

J. Rollinson (58 yo)

8.67yrs

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 ($USD6.88M) is above average for companies of similar size in the Canadian market ($USD3.80M).

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 years average tenure).


Board Members

Experienced Board: K's board of directors are considered experienced (3.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: K insiders have sold more shares than they have bought 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$11.450b
  • 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


Biography

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/13 22:54
End of Day Share Price2021/04/13 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.