# Kinross Gold Corporation (K.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$42.69, market value C$50.6 billion.

## Valuation
- **P/E (trailing): 11.7×** (5-yr avg 24.8×, 3-yr avg 19.8×). Kinross Gold Corporation trades at 11.7× trailing earnings, well below its own five-year average of 24.8×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 10.1×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.06**. A PEG of 0.06 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 4.3×**. Each dollar of revenue is priced at 4.3×.
- **Price / book: 3.8×**. The shares trade at 3.8× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.5×**. Enterprise value is 6.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 8.4%** (5-yr avg 5.2%). Free cash flow equals 8.4% of the market value, above its five-year average of 5.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 8.5%**. The inverse of the P/E: 8.5% of the price is earned each year.

## Profitability
- **Gross margin: 54.8%**. Kinross Gold Corporation keeps 54.8% of revenue after the direct cost of what it sells.
- **Operating margin: 50.1%**. 50.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 33.9%**. 33.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 28.4%**. 28.4% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 40.7%**. Return on all capital, debt included, is 40.7%: comfortably above what that capital costs.
- **Return on assets: 25.7%**. Each dollar of assets produces 25.7% of profit.

## Growth
- **Revenue growth (1 yr): 39.3%** (3-yr 27.6%/yr, 5-yr 11.2%/yr). Revenue grew 39.3% over the last year, against 11.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 158.4%** (5-yr 12.4%/yr). Earnings per share rose 158.4%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 119.7%/yr**. Free cash flow has compounded at 119.7% a year over three years.

## Financial health
- **Debt to equity: 0.09**. Debt is 0.09 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Kinross Gold Corporation holds more cash than debt.
- **Interest coverage: 77.6×**. Operating profit covers interest 77.6× over, a safe margin.
- **Current ratio: 2.35** (quick 1.37). Current assets cover the next year's liabilities 2.35 times.
- **Altman Z-score: 10.74**. A Z-score of 10.74 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 9/9**. 9 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.52%** (C$0.22 per share, trailing). Kinross Gold Corporation yields 0.52%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 6%** (6% of free cash flow). 6% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 6**. 6 straight years of increases.
- **Dividend growth (5 yr): 17.4%/yr** (1-yr 6.7%). The dividend has compounded at 17.4% a year over five years, doubling roughly every 4 years at that pace.
- **Shareholder yield: 3.0%**. Dividends plus net buybacks return 3.0% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (8 analysts). 8 analysts cover Kinross Gold Corporation; the consensus is buy, with an average price target of C$52.04 (+22% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 44.1%** (YTD 10.7%, 3-mo 17.0%). The shares are up 44.1% over twelve months including dividends.
- **From 52-week high: -20.3%** (40.8% above the low). Trading 20% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 2.93** (volatility 53%). Beta of 2.93 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=K.TO · Page: https://foliofundamentals.com/stocks/k.to

Not investment advice.