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Kinross Gold (BUE:KGC) Cyclically Adjusted Price-to-FCF : 34.92 (As of May. 24, 2024)


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

As of today (2024-05-24), Kinross Gold's current share price is ARS9863.50. Kinross Gold's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ARS282.46. Kinross Gold's Cyclically Adjusted Price-to-FCF for today is 34.92.

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

BUE:KGC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.69   Med: 65.08   Max: 654.5
Current: 29.26

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 65.08.

BUE:KGC's Cyclically Adjusted Price-to-FCF is ranked worse than
58.78% of 245 companies
in the Metals & Mining industry
Industry Median: 22.48 vs BUE:KGC: 29.26

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 Mar. 2024 was ARS90.883. 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 ARS282.46 for the trailing ten years ended in Mar. 2024.

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 22.47

Kinross Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 26.63 21.55 18.82 22.47 22.45

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
=9863.50/282.46
=34.92

* 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 Mar. 2024 is calculated as:

For example, Kinross Gold's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=90.883/126.2576*126.2576
=90.883

Current CPI (Mar. 2024) = 126.2576.

Kinross Gold Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.295 99.473 0.374
201409 1.100 99.394 1.397
201412 -0.098 98.367 -0.126
201503 0.775 99.789 0.981
201506 0.307 100.500 0.386
201509 0.499 100.421 0.627
201512 0.243 99.947 0.307
201603 0.926 101.054 1.157
201606 2.269 102.002 2.809
201609 1.334 101.765 1.655
201612 0.969 101.449 1.206
201703 0.355 102.634 0.437
201706 -0.275 103.029 -0.337
201709 -0.098 103.345 -0.120
201712 0.806 103.345 0.985
201803 0.746 105.004 0.897
201806 -1.240 105.557 -1.483
201809 -4.392 105.636 -5.249
201812 -2.699 105.399 -3.233
201903 0.239 106.979 0.282
201906 2.026 107.690 2.375
201909 -0.482 107.611 -0.566
201912 5.235 107.769 6.133
202003 5.308 107.927 6.210
202006 11.792 108.401 13.734
202009 19.423 108.164 22.672
202012 24.545 108.559 28.547
202103 6.264 110.298 7.170
202106 15.476 111.720 17.490
202109 5.125 112.905 5.731
202112 -4.701 113.774 -5.217
202203 8.118 117.646 8.712
202206 5.418 120.806 5.663
202209 -2.720 120.648 -2.846
202212 20.816 120.964 21.727
202303 6.036 122.702 6.211
202306 47.812 124.203 48.603
202309 34.745 125.230 35.030
202312 29.109 125.072 29.385
202403 90.883 126.258 90.883

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  (BUE: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 (BUE:KGC) Business Description

Traded in Other Exchanges
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.