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Kinross Gold Corp
TSX:K

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Kinross Gold Corp Logo
Kinross Gold Corp
TSX:K
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Price: 8.31 CAD 3.88% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Kinross Gold Corp. engages in the production, acquisition, exploration, and development of gold properties. [ Read More ]

The intrinsic value of one K stock under the Base Case scenario is 7.07 CAD. Compared to the current market price of 8.31 CAD, Kinross Gold Corp is Overvalued by 15%.

Key Points:
K Intrinsic Value
Base Case
7.07 CAD
Overvaluation 15%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Kinross Gold Corp

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Fundamental Analysis

Company Targets Strong Fiscal Year and ESG Leadership
2023-Q4 Earnings Call

Company Targets Strong Fiscal Year and ESG Leadership

The company concluded a fiscally strong year, with a decreased net debt to $1.9 billion and an ambition to further reduce it in 2024. They anticipate a consistent gold production of around 2.1 million ounces, with costs per ounce slightly up due to inflation, production mixes, and planning aspects, while capital expenditures are expected to steady at approximately $1 billion annually through 2026. Exploration success includes a 34% increase in inferred resources, with high-grade discoveries like 389 grams per ton over 3.5 meters at Great Bear, boosting the potential for high-margin production. The company is poised for another robust year with promising exploration prospects, a strong balance sheet, and continued leadership in environmental, social, and governance (ESG) performance.

Financials

Balance Sheet Decomposition
Kinross Gold Corp

Current Assets 1.8B
Cash & Short-Term Investments 352.4m
Receivables 48.1m
Other Current Assets 1.4B
Non-Current Assets 8.7B
Long-Term Investments 61.2m
PP&E 8B
Other Non-Current Assets 716.6m
Current Liabilities 685.5m
Accounts Payable 113.7m
Accrued Liabilities 417.8m
Other Current Liabilities 154m
Non-Current Liabilities 3.8B
Long-Term Debt 2.3B
Other Non-Current Liabilities 1.5B
Efficiency

Earnings Waterfall
Kinross Gold Corp

Revenue
4.2B USD
Cost of Revenue
-3B USD
Gross Profit
1.2B USD
Operating Expenses
-311.4m USD
Operating Income
887.1m USD
Other Expenses
-470.8m USD
Net Income
416.3m USD

Free Cash Flow Analysis
Kinross Gold Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

K Profitability Score
Profitability Due Diligence

Kinross Gold Corp's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Positive Operating Income
Exceptional 1-Year Revenue Growth
50/100
Profitability
Score

Kinross Gold Corp's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

K Solvency Score
Solvency Due Diligence

Kinross Gold Corp's solvency score is 44/100. The higher the solvency score, the more solvent the company is.

Low D/E
Short-Term Solvency
Long-Term Solvency
Positive Net Debt
44/100
Solvency
Score

Kinross Gold Corp's solvency score is 44/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

K Price Targets Summary
Kinross Gold Corp

Wall Street analysts forecast K stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for K is 9.72 CAD with a low forecast of 7.49 CAD and a high forecast of 11.55 CAD.

Lowest
Price Target
7.49 CAD
10% Downside
Average
Price Target
9.72 CAD
17% Upside
Highest
Price Target
11.55 CAD
39% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

K Price
Kinross Gold Corp

1M 1M
+25%
6M 6M
+34%
1Y 1Y
+30%
3Y 3Y
+3%
5Y 5Y
+92%
10Y 10Y
+94%
Annual Price Range
8.31
52w Low
5.95
52w High
8.31
Price Metrics
Average Annual Return 14%
Standard Deviation of Annual Returns 44.31%
Max Drawdown -68%
Shares Statistics
Market Capitalization 10.2B CAD
Shares Outstanding 1 225 000 000
Percentage of Shares Shorted 0.98%

K Return Decomposition
Main factors of price return

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K News

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Company Profile

Kinross Gold Corp Logo
Kinross Gold Corp

Country

Canada

Industry

Metals & Mining

Market Cap

10.2B CAD

Dividend Yield

2.02%

Description

Kinross Gold Corp. engages in the production, acquisition, exploration, and development of gold properties. The company is headquartered in Toronto, Ontario. The firm's segments include Fort Knox, Round Mountain, Bald Mountain, Paracatu, Kupol, Tasiast and Chirano. Its projects include Tasiast 24k, Chulbatkan-Udinsk, Alaska projects and La Coipa Restart and Lobo-Marte. The firm's gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania. Gold is produced in the form of dore, which is shipped to refineries for final processing. The firm also produces and sells a quantity of silver.

Contact

ONTARIO
TORONTO
25 York St 17th Floor
+18013639152.0
https://www.kinross.com/

IPO

1905-05-25

Employees

-

Officers

President, CEO & Director
Mr. J. Paul Rollinson
Executive VP & CFO
Ms. Andrea Susan Freeborough
Executive VP & COO
Mr. Claude J. S. Schimper
Executive VP of Corporate Development & External Relations and Chief Legal Officer
Mr. Geoffrey P. Gold
Vice President of Investor Relations
Mr. Chris Lichtenheldt
Senior Director of Corporate Communications
Victoria Barrington
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Senior Vice-President of Human Resources
Ms. Kathleen M. Grandy J.D.
Senior VP of Global Legal Operations & Major Permitting and General Counsel
Mr. Nathan M. Longenecker
Senior Vice-President of External Affairs
Mike van Akkooi
Senior Vice President of Corporate Development
Mr. David C. Shaver
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See Also

Discover More
What is the Intrinsic Value of one K stock?

The intrinsic value of one K stock under the Base Case scenario is 7.07 CAD.

Is K stock undervalued or overvalued?

Compared to the current market price of 8.31 CAD, Kinross Gold Corp is Overvalued by 15%.