KGC · Intrinsic value
Is Kinross Gold Corporation (KGC) overvalued or undervalued?
Kinross Gold Corporation (KGC) trades at the delayed market price of $23.88 a share. That price already implies revenue growth of 11.2% a year for 5 years. TickerWorth's fair value is $32.17 a share (priced within our range of $17.65 – $47.18). We do not call it over- or undervalued from inside our range.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
Is KGC fairly valued?
- Fair value
- $32.17
- Market price
- $23.88
- Upside to fair value
- +34.7%
- Verdict
- Priced within our range of $17.65 – $47.18
Reverse DCF: Today's price implies revenue growth of 11.2% a year for 5 years; our model assumes 12.2% a year on average over the same horizon.
What is KGC's TickerWorth Score?
Scores higher than almost every company we compare it with
Compared with Basic Materials companies in US
Its strongest point: a profitable, high-quality business. Its weakest: recent price trend has been weak.
- Value · 70 of 100
Cheaper than 70% of Basic Materials companies in US
- Price vs worth · 78 of 100
- Quality · 90 of 100
More profitable than 90% of Basic Materials companies in US
- Financial health · 88 of 100
Financially stronger than 88% of Basic Materials companies in US
- Growth · 47 of 100
Growing faster than 47% of Basic Materials companies in US
- Momentum · 13 of 100
Outperformed 13% of Basic Materials companies in US over the past year
Confidence: High confidence · Scored
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KGC DCF valuation, input by input
TickerWorth's fair value for Kinross Gold Corporation (KGC) is $32.17 a share, against the delayed market price of $23.88 (priced within our range of $17.65 – $47.18). We do not call it over- or undervalued from inside our range. It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values KGC at about $26.94 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts Kinross Gold Corporation's projected free cash flows at a weighted-average cost of capital (WACC) of 12.1%, with a long-run terminal growth rate of 2.5%. About 63% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 11.2% annual revenue growth for KGC. Our base case instead compounds to about 12.2% a year over the same forecast, so the market's implied growth is broadly in line with our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, KGC's modeled DCF value ranges from about $22.23 to $34.90 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Kinross Gold Corporation would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of KGC's intrinsic value. Figures update as new filings and prices come in.
Every input behind KGC's DCF
| Input | Value |
|---|---|
| Base-year revenueKINROSS GOLD CORP FY2025 40-F (accession 0001104659-26-035268): ifrs-full:RevenueFromContractsWithCustomers, FY2025 full year. | $7,051,100,000 |
| Base EBIT marginKINROSS GOLD CORP FY2025 40-F (accession 0001104659-26-035268): ifrs-full:ProfitLossFromOperatingActivities 3,277,600,000 / revenue 7,051,100,000 = 46.48%, FY2025. | 46.5% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 21% → 17% → 12% → 8% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.1% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 1.52 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesKINROSS GOLD CORP FY2025 40-F (accession 0001104659-26-035268): WeightedAverageShares = 1,219,466,000 shares, FY2025. | 1,219M |
| Market priceDelayed quote · as of 2026-10-19 13:39 UTC | $23.88 |
Change KGC's assumptions
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What does Kinross Gold Corporation do?
What does it do?
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. It operates in the Gold industry (Basic Materials sector), headquartered in Canada.
How does it make money?
The business turns $8.5B in annual revenue into profit. Out of every $100 of sales, about $52 is left as operating profit (operating margin of 52.5%), after a 69% gross margin on the products/services it sells. After all costs, taxes and interest, 37.5% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries modest debt (0.1× equity), comfortably covers its short-term bills (2.9× current ratio), and is currently profitable.
KGC insider trading
We have no recent SEC Form 4 insider filings on file for Kinross Gold Corporation. Form 4 covers US-listed companies only.
Common questions
What is KGC's intrinsic value?
TickerWorth's blended fair value for Kinross Gold Corporation (KGC) is $32.17 per share, versus a market price of $23.88 (priced within our range of $17.65 – $47.18).
Is KGC overvalued or undervalued?
Priced within our range of $17.65 – $47.18 at $23.88. We don't call KGC overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for KGC?
A WACC of 12.1% and a terminal growth rate of 2.5%.
Is Kinross Gold stock undervalued?
TickerWorth's fair value for Kinross Gold Corporation (KGC) is $32.17 against a market price of $23.88. Our read: Priced within our range of $17.65 – $47.18. This is a model estimate, not investment advice.
Kinross Gold (KGC) DCF valuation and fair value
Our fair value for Kinross Gold Corporation (KGC) is $32.17, built on a 12.1% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Kinross Gold stock?
Today's price implies revenue growth of 11.2% a year for 5 years; our model assumes 12.2% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $23.88. A model estimate, not investment advice.
Kinross Gold (KGC) insider trading
We have no recent SEC Form 4 insider filings on file for Kinross Gold Corporation (KGC). Form 4 covers US-listed companies only.
How does KGC compare with its peers?
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Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.