Financials Kinross Gold Corporation

Equities

K

CA4969024047

Gold

Market Closed - Toronto S.E. 04:16:18 2024-05-31 pm EDT 5-day change 1st Jan Change
11.07 CAD -0.27% Intraday chart for Kinross Gold Corporation +0.27% +38.03%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,940 9,227 7,278 5,113 7,428 9,972 - -
Enterprise Value (EV) 1 7,203 9,940 8,412 7,288 9,308 11,494 10,956 10,737
P/E ratio 8.31 x 6.92 x 34.1 x -8.66 x 17.8 x 16.9 x 18.2 x 21.2 x
Yield - 0.82% 2.07% 2.95% 1.98% 1.48% 1.48% 1.48%
Capitalization / Revenue 1.7 x 2.19 x 1.95 x 1.48 x 1.75 x 2.15 x 2.2 x 2.29 x
EV / Revenue 2.06 x 2.36 x 2.26 x 2.11 x 2.2 x 2.47 x 2.42 x 2.47 x
EV / EBITDA 5.29 x 4.41 x 5.24 x 8.08 x 5.21 x 5.4 x 5.26 x 5.57 x
EV / FCF 60.2 x 10 x 42.8 x 30.6 x 16.6 x 17.7 x 15.6 x 15.7 x
FCF Yield 1.66% 10% 2.34% 3.27% 6.01% 5.64% 6.42% 6.37%
Price to Book 1.12 x 1.4 x - 0.85 x - - - -
Nbr of stocks (in thousands) 1,253,517 1,258,288 1,253,730 1,256,000 1,227,821 1,228,983 - -
Reference price 2 4.739 7.333 5.805 4.071 6.049 8.114 8.114 8.114
Announcement Date 2/12/20 2/10/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,497 4,213 3,729 3,455 4,240 4,648 4,530 4,354
EBITDA 1 1,361 2,253 1,604 901.7 1,788 2,127 2,084 1,928
EBIT 1 1,100 1,411 758.2 117.7 801.4 803.3 641.7 625
Operating Margin 31.44% 33.48% 20.33% 3.41% 18.9% 17.29% 14.16% 14.35%
Earnings before Tax (EBT) 1 963.8 1,798 469.4 106.7 708.6 760.8 606.1 625.1
Net income 1 718.6 1,342 221.2 -605.2 416.3 625 465.6 387.2
Net margin 20.55% 31.86% 5.93% -17.52% 9.82% 13.45% 10.28% 8.89%
EPS 2 0.5700 1.060 0.1700 -0.4700 0.3400 0.4800 0.4465 0.3825
Free Cash Flow 1 119.7 993.6 196.6 238.3 559.7 648.8 703.8 684.4
FCF margin 3.42% 23.58% 5.27% 6.9% 13.2% 13.96% 15.54% 15.72%
FCF Conversion (EBITDA) 8.8% 44.1% 12.26% 26.43% 31.3% 30.51% 33.77% 35.5%
FCF Conversion (Net income) 16.66% 74.02% 88.88% - 134.45% 103.8% 151.15% 176.77%
Dividend per Share 2 - 0.0600 0.1200 0.1200 0.1200 0.1200 0.1200 0.1200
Announcement Date 2/12/20 2/10/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 879.5 768 821.5 856.5 1,076 929.3 1,092 1,102 1,116 1,082 1,162 1,264 1,382 - -
EBITDA 1 296.4 283.3 244.5 296.4 91.8 355.8 477.1 490.1 465.2 463.9 439.4 530.7 589.1 520.7 470.5
EBIT 1 41.4 102.5 64 111.3 -160.1 143.9 237.8 226.2 193.5 193.2 294.1 382.6 497.8 - -
Operating Margin 4.71% 13.35% 7.79% 12.99% -14.88% 15.48% 21.77% 20.52% 17.34% 17.86% 25.3% 30.27% 36.02% - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - - - 64.9 -106 - - 109.7 - - - - - - -
Net margin - - - 7.58% -9.85% - - 9.95% - - - - - - -
EPS 2 - -0.4100 -0.0100 0.0500 -0.0800 0.0700 0.1200 0.0900 0.0600 0.0900 0.0523 0.1256 0.1354 0.1300 0.1100
Dividend per Share 0.0300 - - - - - - - - - - - - - -
Announcement Date 2/16/22 5/10/22 7/27/22 11/9/22 2/15/23 5/9/23 8/2/23 11/8/23 2/14/24 5/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,262 713 1,134 2,175 1,880 1,522 984 766
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.9278 x 0.3165 x 0.7066 x 2.412 x 1.051 x 0.7157 x 0.4721 x 0.397 x
Free Cash Flow 1 120 994 197 238 560 649 704 684
ROE (net income / shareholders' equity) 8.61% 16.2% 8.22% 4.56% 6.99% 10.3% 6.65% 5.7%
ROA (Net income/ Total Assets) 8.39% 13.4% 2.07% - 3.98% 4.4% 3.2% 2.8%
Assets 1 8,570 10,004 10,681 - 10,470 14,205 14,551 13,829
Book Value Per Share 4.240 5.240 - 4.770 - - - -
Cash Flow per Share 2 0.9500 1.510 1.030 0.9700 1.350 1.440 1.390 1.210
Capex 1 1,105 916 939 764 1,055 1,053 926 816
Capex / Sales 31.6% 21.74% 25.17% 22.12% 24.88% 22.65% 20.44% 18.75%
Announcement Date 2/12/20 2/10/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
8.114 USD
Average target price
8.829 USD
Spread / Average Target
+8.82%
Consensus
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