Kinross Gold Corp
TSX:K
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%.
Valuation Backtest
Kinross Gold Corp
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Fundamental Analysis
Company Targets Strong Fiscal Year and ESG Leadership
2023-Q4 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Shareholder Return
K Price
Kinross Gold Corp
Average Annual Return | 14% |
Standard Deviation of Annual Returns | 44.31% |
Max Drawdown | -68% |
Market Capitalization | 10.2B CAD |
Shares Outstanding | 1 225 000 000 |
Percentage of Shares Shorted | 0.98% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.