KL's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 0.64 -- higher than only 6.04% of US-listed equities with positive expected earnings growth.
With a year-over-year growth in debt of -60.3%, Kirkland Lake Gold Ltd's debt growth rate surpasses merely 4.75% of about US stocks.
Over the past twelve months, KL has reported earnings growth of 336.5%, putting it ahead of 95.57% of US stocks in our set.
Stocks that are quantitatively similar to KL, based on their financial statements, market capitalization, and price volatility, are JNPR, EBS, CIEN, MRCY, and ACLS.
Kirkland Lake Gold Ltd. Common Shares (KL) Company Bio
Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates five underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria and the Cosmo Mine in Northern Territory, Australia, as well as four milling facilities in Canada and Australia. The company was founded in 1983 and is based in Toronto, Canada.
KL Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Kirkland Lake Gold Ltd. To summarize, we found that Kirkland Lake Gold Ltd ranked in the 80th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for KL, they are:
Interest coverage, a measure of earnings relative to interest payments, is 350.77 -- which is good for besting 98.35% of its peer stocks (US stocks in the Basic Materials sector with positive cash flow).
The business' balance sheet suggests that 0% of the company's capital is sourced from debt; this is greater than only 2.92% of the free cash flow producing stocks we're observing.
KL's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 3%; for context, that number is higher than 57.73% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Basic Materials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as KL, try SCCO, APOG, BCC, CCJ, and ICL.
It's been a rough year of performance for Kirkland Lake Gold (KL) after several years of massively outperforming the sector, but this has nothing to do with the company's execution. In fact, the company just released its Q4 and FY2020 results with another blow-out year despite navigating through a global...