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
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 3.4% per year for the next 3 years
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
| K | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.7% | 0.2% | 0.08% |
| 30 Day | 9.8% | 2.6% | 1.1% |
| 90 Day | 0.7% | -1.7% | 7.8% |
| 1 Year | 9.5%8.1% | 28.9%27.6% | 43.2%38.6% |
| 3 Year | 91.1%88.7% | 50.3%47.0% | 31.5%18.9% |
| 5 Year | 59.9%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
4 days ago | Simply Wall St
Are Strong Financial Prospects The Force That Is Driving The Momentum In Kinross Gold Corporation's TSE:K) Stock?2 weeks ago | Simply Wall St
Returns Are Gaining Momentum At Kinross Gold (TSE:K)3 weeks ago | Simply Wall St
What Kind Of Shareholders Own Kinross Gold Corporation (TSE:K)?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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/13 22:54 |
| End of Day Share Price | 2021/04/13 00:00 |
| Earnings | 2020/12/31 |
| 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.