Kinross Gold Corporation
Find Ratings ReportsKINROSS GOLD CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. KINROSS GOLD CORP has weak liquidity. Currently, the Quick Ratio is 0.60 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 4.46% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 1115.7 | 1076.2 |
EBITDA ($mil) | 465.2 | 91.8 |
EBIT ($mil) | 182.9 | -168.3 |
Net Income ($mil) | 65.4 | -106.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 362.2 | 428.2 |
Total Assets ($mil) | 10543.3 | 10396.4 |
Total Debt ($mil) | 2260.2 | 2640.5 |
Equity ($mil) | 6083.7 | 5823.7 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 48.62 | 15.76 |
EBITDA Margin | 41.69 | 8.53 |
Operating Margin | 16.39 | -15.64 |
Sales Turnover | 0.4 | 0.33 |
Return on Assets | 3.94 | -5.82 |
Return on Equity | 6.84 | 0.55 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.63 | 2.47 |
Debt/Capital | 0.27 | 0.31 |
Interest Expense | 45.9 | 42.0 |
Interest Coverage | 3.98 | -4.01 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 1227.84 | 1221.89 |
Div / share | 0.03 | 0.03 |
EPS | 0.06 | -0.08 |
Book value / share | 4.95 | 4.77 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1.3012635E7 | 1.3401953E7 |
HOLD. This stock's P/E ratio indicates a discount compared to an average of 21.33 for the Mining (except Oil and Gas) subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.14 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 3.13. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, KINROSS GOLD CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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KGC 16.56 | Peers 21.33 | KGC 4.31 | Peers 11.36 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. KGC is trading at a discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. KGC is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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KGC 16.32 | Peers 14.45 | KGC NM | Peers 2.19 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. KGC is trading at a premium to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. KGC's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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KGC 1.14 | Peers 3.13 | KGC 1600.00 | Peers -3.47 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. KGC is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. KGC is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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KGC 1.63 | Peers 4.47 | KGC 22.70 | Peers 20.15 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. KGC is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. KGC has a sales growth rate that exceeds its peers. |
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