What is Kinross Gold Intrinsic Value: Projected FCF?
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-09-15), Kinross Gold's Intrinsic Value: Projected FCF is MXN116.01. The stock price of Kinross Gold is MXN153.00. Therefore, Kinross Gold's Price-to-Intrinsic-Value-Projected-FCF of today is 1.3.
The historical rank and industry rank for Kinross Gold's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Kinross Gold was 1.90. The lowest was 0.58. And the median was 1.00.
Kinross Gold Intrinsic Value: Projected FCF Historical Data
The historical data trend for Kinross Gold's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Kinross Gold Intrinsic Value: Projected FCF Chart
| Kinross Gold Annual Data | ||||||||||||||||||||
| Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
| Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | - | - | 122.48 | 93.33 | 73.27 | ||||||||||||||
| Kinross Gold Quarterly Data | ||||||||||||||||||||
| Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
| Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 86.98 | 93.07 | 73.27 | 73.57 | 93.74 | ||||||||||||||
Competitive Comparison of Kinross Gold's Intrinsic Value: Projected FCF
For the Gold subindustry, Kinross Gold's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kinross Gold's Price-to-Projected-FCF Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Kinross Gold's Price-to-Projected-FCF falls into.
Kinross Gold Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get Kinross Gold's Free Cash Flow(6 year avg) = MXN7,773.38.
Kinross Gold's Intrinsic Value: Projected FCF for today is calculated as
| Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Jun24) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
| = | (9.5203515959648 | * | 7773.384 | + | 115784.883 | * | 0.8) | / | 1234.241 | |
| = | 135.01 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kinross Gold(MEX:KGC) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Kinross Gold's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
| Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
| = | 153.00 | / | 135.00868563793 | |
| = | 1.13 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kinross Gold Intrinsic Value: Projected FCF Related Terms
Thank you for viewing the detailed overview of Kinross Gold's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Kinross Gold Business Description
Industry
GURUFOCUS.COM »STOCK LIST »Basic Materials » » Kinross Gold Corp (MEX:KGC) » Definitions » Intrinsic Value: Projected FCF
Comparable Companies
TSX:AGI TSX:PAAS TSX:LUG TSX:BTO TSX:ELD TSX:OR TSX:IMG TSX:EQX TSXV:ARTG TSX:NGD NEM SHSE:601899 TSX:AEM TSX:ABX TSX:WPM TSX:FNV SHSE:600547 MIC:PLZL JSE:GFI AU
Traded in Other Exchanges
KGC:USA 0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany K:Canada KGC:Argentina
Address
25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5
Website
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.
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