Discounted Cash Flow

Kinross Gold Corp. Foreign

KGC · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $3.5b $-104.0m $465.4m -3.0% $-0.08
2017 $3.3b (-4.9%) $445.4m (528.3%) $54.0m (-88.4%) 13.5% (550.2%) $0.36 (550.0%)
2018 $3.2b (-2.7%) $-23.6m (-105.3%) $-254.7m (-571.7%) -0.7% (-105.4%) $-0.02 (-105.6%)
2019 $3.5b (8.9%) $718.6m (3144.9%) $119.7m (147.0%) 20.5% (2897.0%) $0.57 (2950.0%)
2020 $4.2b (20.5%) $1.3b (86.8%) $1.0b (770.1%) 31.9% (55.1%) $1.07 (87.7%)
2021 $3.7b (-11.5%) $221.2m (-83.5%) $1.0b (-0.6%) 5.9% (-81.4%) $0.18 (-83.2%)
2022 $3.5b (-7.4%) $-605.2m (-373.6%) $-253.2m (-124.5%) -17.5% (-395.3%) $-0.47 (-361.1%)
2023 $4.2b (22.7%) $416.3m (168.8%) $507.0m (300.2%) 9.8% (156.1%) $0.34 (172.3%)
2024 $5.1b (21.4%) $948.8m (127.9%) $1.4b (170.4%) 18.4% (87.7%) $0.77 (126.5%)
2025 $7.1b (36.9%) $2.4b (151.9%) $3.2b (130.5%) 33.9% (83.9%) $1.96 (154.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model