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Kinross Gold (Kinross Gold) Cyclically Adjusted Price-to-FCF : 24.96 (As of Apr. 28, 2024)


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What is Kinross Gold Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Kinross Gold's current share price is $6.74. Kinross Gold's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.27. Kinross Gold's Cyclically Adjusted Price-to-FCF for today is 24.96.

The historical rank and industry rank for Kinross Gold's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

KGC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.69   Med: 65.71   Max: 654.5
Current: 25.72

During the past years, Kinross Gold's highest Cyclically Adjusted Price-to-FCF was 654.50. The lowest was 18.69. And the median was 65.71.

KGC's Cyclically Adjusted Price-to-FCF is ranked worse than
56.35% of 252 companies
in the Metals & Mining industry
Industry Median: 20.745 vs KGC: 25.72

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Kinross Gold's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.081. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $0.27 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kinross Gold Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kinross Gold's Cyclically Adjusted Price-to-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 Cyclically Adjusted Price-to-FCF Chart

Kinross Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 204.40 119.77 54.56 23.32 22.40

Kinross Gold Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.32 26.63 21.55 18.82 22.40

Competitive Comparison of Kinross Gold's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Kinross Gold's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-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 Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Kinross Gold's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Kinross Gold's Cyclically Adjusted Price-to-FCF falls into.



Kinross Gold Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Kinross Gold's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.74/0.27
=24.96

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Kinross Gold's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.081/125.4675*125.4675
=0.081

Current CPI (Dec. 2023) = 125.4675.

Kinross Gold Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.034 98.604 0.043
201406 0.036 99.473 0.045
201409 0.131 99.394 0.165
201412 -0.011 98.367 -0.014
201503 0.088 99.789 0.111
201506 0.034 100.500 0.042
201509 0.053 100.421 0.066
201512 0.019 99.947 0.024
201603 0.063 101.054 0.078
201606 0.162 102.002 0.199
201609 0.089 101.765 0.110
201612 0.061 101.449 0.075
201703 0.023 102.634 0.028
201706 -0.017 103.029 -0.021
201709 -0.006 103.345 -0.007
201712 0.042 103.345 0.051
201803 0.037 105.004 0.044
201806 -0.050 105.557 -0.059
201809 -0.119 105.636 -0.141
201812 -0.072 105.399 -0.086
201903 0.006 106.979 0.007
201906 0.045 107.690 0.052
201909 -0.009 107.611 -0.010
201912 0.088 107.769 0.102
202003 0.086 107.927 0.100
202006 0.172 108.401 0.199
202009 0.262 108.164 0.304
202012 0.302 108.559 0.349
202103 0.070 110.298 0.080
202106 0.163 111.720 0.183
202109 0.052 112.905 0.058
202112 -0.047 113.774 -0.052
202203 0.076 117.646 0.081
202206 0.045 120.806 0.047
202209 -0.020 120.648 -0.021
202212 0.124 120.964 0.129
202303 0.031 122.702 0.032
202306 0.199 124.203 0.201
202309 0.099 125.230 0.099
202312 0.081 125.468 0.081

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Kinross Gold  (NYSE:KGC) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Kinross Gold Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Kinross Gold's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Kinross Gold (Kinross Gold) Business Description

Address
25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5
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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