Kinross Gold Corp Stock Beta
| K Stock | CAD 11.10 0.16 1.46% |
Kinross Gold Corp fundamentals help investors to digest information that contributes to Kinross Gold's financial success or failures. It also enables traders to predict the movement of Kinross Stock. The fundamental analysis module provides a way to measure Kinross Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Kinross Gold stock.
Kinross | Beta |
Kinross Gold Corp Company Beta Analysis
Kinross Gold's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Kinross Gold Beta | 1.19 |
Most of Kinross Gold's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Kinross Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Kinross Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Kinross Gold is extremely important. It helps to project a fair market value of Kinross Stock properly, considering its historical fundamentals such as Beta. Since Kinross Gold's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Kinross Gold's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Kinross Gold's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Kinross Gold Corp has a Beta of 1.191. This is 36.9% higher than that of the Metals & Mining sector and notably higher than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.
Kinross Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Kinross Gold's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Kinross Gold could also be used in its relative valuation, which is a method of valuing Kinross Gold by comparing valuation metrics of similar companies.Kinross Gold is currently under evaluation in beta category among related companies.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Kinross Gold will likely underperform.
Kinross Fundamentals
| Return On Equity | 0.0706 | ||||
| Return On Asset | 0.0482 | ||||
| Profit Margin | 0.1 % | ||||
| Operating Margin | 0.17 % | ||||
| Current Valuation | 15.4 B | ||||
| Shares Outstanding | 1.23 B | ||||
| Shares Owned By Insiders | 0.20 % | ||||
| Shares Owned By Institutions | 68.11 % | ||||
| Number Of Shares Shorted | 8.7 M | ||||
| Price To Earning | 12.34 X | ||||
| Price To Book | 1.30 X | ||||
| Price To Sales | 2.55 X | ||||
| Revenue | 4.24 B | ||||
| Gross Profit | 1.54 B | ||||
| EBITDA | 1.88 B | ||||
| Net Income | 416.3 M | ||||
| Cash And Equivalents | 1000 M | ||||
| Cash Per Share | 0.80 X | ||||
| Total Debt | 2.62 B | ||||
| Debt To Equity | 0.33 % | ||||
| Current Ratio | 1.76 X | ||||
| Book Value Per Share | 5.01 X | ||||
| Cash Flow From Operations | 1.67 B | ||||
| Short Ratio | 2.51 X | ||||
| Earnings Per Share | 0.49 X | ||||
| Price To Earnings To Growth | (3.90) X | ||||
| Target Price | 12.46 | ||||
| Beta | 1.19 | ||||
| Market Capitalization | 13.45 B | ||||
| Total Asset | 10.54 B | ||||
| Retained Earnings | (8.98 B) | ||||
| Working Capital | 1.12 B | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 0.77 % | ||||
| Net Asset | 10.54 B | ||||
| Last Dividend Paid | 0.12 |
About Kinross Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Kinross Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kinross Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kinross Gold Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinross Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Kinross Stock, please use our How to Invest in Kinross Gold guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Kinross Stock analysis
When running Kinross Gold's price analysis, check to measure Kinross Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kinross Gold is operating at the current time. Most of Kinross Gold's value examination focuses on studying past and present price action to predict the probability of Kinross Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kinross Gold's price. Additionally, you may evaluate how the addition of Kinross Gold to your portfolios can decrease your overall portfolio volatility.
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