KGCKinross Gold Corporation

$22.34-19% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 78 out of 100, Strong
Today's price. Only valuation depends on it.

Strong. Kinross Gold Corporation scores higher than 92% of the 2,231 companies Ryufin scores.

Carried by valuation and return on new capital, held back by cycle position.

Basic Materials median 57 · all companies 55

Valuation

26% of the score

100median 53

Kinross Gold Corporation is valued at 7.6x its operating profit, including debt: cheap enough for full points.

60x
50x
35x
25x
18x
12x
8x
7.6x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score

58median 24

Over 7 years the business earned 11% a year after tax on the capital it uses.

2%
8%
15%
25%
11%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 29%

Return on new capital

16% of the score

100median 33

For every dollar of operating profit earned over 6 years, yearly profit grew by 25 cents. New capital earned 500%, and 2.4% of profit went back into the business.

-5%
12%
25%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

83median 63

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countDown 0.7% a year over 5 years: buybacks
71
5%
-3%
-0.7%
0 pointsfull points
Assets against salesAssets grew 2.6% a year, sales 11%
100
12%
-2%
-8.3%
0 pointsfull points

Cycle position

12% of the score

0median 63

Today's operating margin of 46% is 3.62x its normal 13%: near a peak, where margins tend to fall back. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
3.6x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 46%

Balance sheet

8% of the score

100median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDAMore cash than debt
100
Interest coverOperating profit covers interest 40x
100
1.5x
12x
40.1x
0 pointsfull points

Earnings quality

6% of the score

100median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 2.08x profit over 3 years
100
0.7x
1x
1.3x
2.1x
0 pointsfull points
AccrualsCash ran ahead of profit by 11.8% of assets
100
8%
0%
-8%
-12%
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2025-12-31, latest annual report FY2025.