Kinross Gold (BUE:KGC) Cyclically Adjusted FCF per Share: ARS907.92 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUE:KGC Kinross Gold Corp BUE:KGC
83 GF Score
Price ARS35,560.00
GF Value ARS28,549.68
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Kinross Gold Cyclically Adjusted FCF per Share?

Kinross Gold BUE:KGC -0.84% 83 Cyclically Adjusted FCF per Share is ARS907.92 as of Mar. 2026. GuruFocus rates BUE:KGC with a GF Score™ of 83/100 and a GF Value™ of ARS28,549.68 (Modestly Overvalued). The stock has 1 warning sign investors should review.

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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Kinross Gold's adjusted free cash flow per share for the three months ended in Mar. 2026 was ARS994.355. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ARS907.92 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Kinross Gold's average Cyclically Adjusted FCF Growth Rate was 62.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 46.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 56.40% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Kinross Gold was 100.00% per year. The lowest was -10.80% per year. And the median was 15.95% per year.

As of today (2026-07-18), Kinross Gold's current stock price is ARS35560.00. Kinross Gold's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ARS907.92. Kinross Gold's Cyclically Adjusted Price-to-FCF of today is 39.17.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kinross Gold was 654.50. The lowest was 18.69. And the median was 52.08.


Kinross Gold  (BUE:KGC) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Kinross Gold's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=35560.00/907.92
=39.17

* 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 Price-to-FCF of Kinross Gold was 654.50. The lowest was 18.69. And the median was 52.08.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Kinross Gold Cyclically Adjusted FCF per Share Related Terms


Kinross Gold Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Kinross Gold's Cyclically Adjusted FCF 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.

Kinross Gold Cyclically Adjusted FCF per Share Chart

Kinross Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.37 60.39 259.88 401.91 861.44

Kinross Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF 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 486.00 532.19 749.69 861.44 907.92

BUE:KGC vs NEM, AU, RGLD: Cyclically Adjusted FCF per Share Comparison

For the Gold subindustry, Kinross Gold's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF vs Metals & Mining Industry

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

* The bar in red indicates where Kinross Gold's Cyclically Adjusted Price-to-FCF falls into.


BUE:KGC
83GF Score
Kinross Gold Corp BUE:KGC
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kinross Gold Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

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

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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 Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=994.355/132.2623*132.2623
=994.355

Current CPI (Mar. 2026) = 132.2623.

Kinross Gold Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 2.269 102.002 2.942
201609 1.334 101.765 1.734
201612 0.969 101.449 1.263
201703 0.355 102.634 0.457
201706 -0.275 103.029 -0.353
201709 -0.098 103.345 -0.125
201712 0.806 103.345 1.032
201803 0.746 105.004 0.940
201806 -1.240 105.557 -1.554
201809 -4.392 105.636 -5.499
201812 -2.699 105.399 -3.387
201903 0.239 106.979 0.295
201906 2.026 107.690 2.488
201909 -0.482 107.611 -0.592
201912 5.235 107.769 6.425
202003 5.308 107.927 6.505
202006 11.792 108.401 14.388
202009 19.423 108.164 23.750
202012 24.545 108.559 29.904
202103 6.264 110.298 7.511
202106 15.476 111.720 18.322
202109 5.125 112.905 6.004
202112 -4.701 113.774 -5.465
202203 8.118 117.646 9.127
202206 5.418 120.806 5.932
202209 -2.720 120.648 -2.982
202212 20.816 120.964 22.760
202303 6.036 122.702 6.506
202306 47.812 124.203 50.914
202309 34.745 125.230 36.696
202312 29.109 125.072 30.782
202403 90.080 126.258 94.364
202406 239.285 127.522 248.180
202409 350.136 127.285 363.828
202412 371.004 127.364 385.273
202503 344.920 129.181 353.148
202506 662.324 129.892 674.410
202509 792.320 130.287 804.332
202512 932.234 130.366 945.794
202603 994.355 132.262 994.355

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of ARS907.92 mean?
Kinross Gold (BUE:KGC) has a Cyclically Adjusted FCF per Share of ARS907.92 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Kinross Gold and its competitors.
Is Kinross Gold's Cyclically Adjusted FCF per Share too high?
Kinross Gold's current Cyclically Adjusted FCF per Share is ARS907.92. Overall, Kinross Gold has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's Cyclically Adjusted FCF per Share compare to NEM and AU?
Kinross Gold's Cyclically Adjusted FCF per Share of ARS907.92 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Metals & Mining company?
A good Cyclically Adjusted FCF per Share depends on the Metals & Mining industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Kinross Gold and its competitors. Kinross Gold's current Cyclically Adjusted FCF per Share is ARS907.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (BUE:KGC) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS28,549.68, compared to a current price of ARS35,560.00 — trading 24.6% above its estimated fair value. The current Cyclically Adjusted FCF per Share is ARS907.92. Kinross Gold's overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Kinross Gold (BUE:KGC), the current Cyclically Adjusted FCF per Share is ARS907.92 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Kinross Gold (BUE:KGC) Overvalued in 2026?

Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued. The current stock price of ARS35,560.00 is trading 24.6% above its estimated GF Value™ of ARS28,549.68. GuruFocus considers Kinross Gold to be Modestly Overvalued.

Key valuation signals for BUE:KGC:

  • Cyclically Adjusted FCF per Share: ARS907.92
  • GF Value™: ARS28,549.68 vs. price of ARS35,560.00 (24.6% above fair value)
  • GF Score™: 83/100 with 1 warning sign

No single metric tells the full story. See the BUE:KGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kinross Gold Business Description

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 2025. The company had about a decade of gold reserves at the end of 2025. 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. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
83GF Score

Get the complete analysis for BUE:KGC

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS35,560.00
Price
ARS28,549.68
GF Value