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Kinross Gold (TSX:K) Cyclically Adjusted Revenue per Share : C$4.25 (As of Mar. 2024)


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What is Kinross Gold Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Kinross Gold's adjusted revenue per share for the three months ended in Mar. 2024 was C$1.192. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is C$4.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kinross Gold's average Cyclically Adjusted Revenue Growth Rate was 4.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 2.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Kinross Gold was 24.30% per year. The lowest was -12.00% per year. And the median was 1.80% per year.

As of today (2024-05-29), Kinross Gold's current stock price is C$10.94. Kinross Gold's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$4.25. Kinross Gold's Cyclically Adjusted PS Ratio of today is 2.57.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Kinross Gold was 3.44. The lowest was 0.58. And the median was 1.47.


Kinross Gold Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Kinross Gold's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Kinross Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.82 3.85 3.90 4.03 4.19

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 Revenue per Share 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 4.07 4.13 4.18 4.19 4.25

Competitive Comparison of Kinross Gold's Cyclically Adjusted Revenue per Share

For the Gold subindustry, Kinross Gold's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 PS Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Kinross Gold's Cyclically Adjusted PS Ratio falls into.



Kinross Gold Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.192/126.2576*126.2576
=1.192

Current CPI (Mar. 2024) = 126.2576.

Kinross Gold Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.856 99.473 1.086
201409 0.910 99.394 1.156
201412 0.797 98.367 1.023
201503 0.861 99.789 1.089
201506 0.815 100.500 1.024
201509 0.937 100.421 1.178
201512 0.845 99.947 1.067
201603 0.875 101.054 1.093
201606 0.908 102.002 1.124
201609 0.950 101.765 1.179
201612 0.967 101.449 1.203
201703 0.849 102.634 1.044
201706 0.918 103.029 1.125
201709 0.809 103.345 0.988
201712 0.822 103.345 1.004
201803 0.922 105.004 1.109
201806 0.808 105.557 0.966
201809 0.786 105.636 0.939
201812 0.845 105.399 1.012
201903 0.835 106.979 0.985
201906 0.883 107.690 1.035
201909 0.919 107.611 1.078
201912 1.038 107.769 1.216
202003 0.971 107.927 1.136
202006 1.076 108.401 1.253
202009 1.179 108.164 1.376
202012 1.206 108.559 1.403
202103 0.762 110.298 0.872
202106 0.681 111.720 0.770
202109 0.585 112.905 0.654
202112 0.627 113.774 0.696
202203 0.702 117.646 0.753
202206 0.810 120.806 0.847
202209 0.870 120.648 0.910
202212 1.153 120.964 1.203
202303 1.028 122.702 1.058
202306 1.172 124.203 1.191
202309 1.205 125.230 1.215
202312 1.212 125.072 1.223
202403 1.192 126.258 1.192

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Kinross Gold  (TSX:K) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Kinross Gold's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=10.94/4.25
=2.57

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Kinross Gold was 3.44. The lowest was 0.58. And the median was 1.47.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Kinross Gold Cyclically Adjusted Revenue per Share Related Terms

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


Kinross Gold (TSX:K) Business Description

Industry
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.
Executives
David C. Shaver Senior Officer

Kinross Gold (TSX:K) Headlines

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