CALEDONIA MINING CORP PLC (CMCL) Stock Fundamental Analysis
USA - NYSEARCA:CMCL - JE00BF0XVB15 - Common Stock
32.38 USD
-0.19 (-0.58%)
32.1 USD
-0.28 (-0.86%)
Taking everything into account, CMCL scores 7 out of 10 in our fundamental rating. CMCL was compared to 155 industry peers in the Metals & Mining industry. CMCL scores excellent points on both the profitability and health parts. This is a solid base for a good stock. CMCL is valued quite cheap, while showing a decent growth score. This is a good combination! With these ratings, CMCL could be worth investigating further for value and quality investing!.
1. Profitability
1.1 Basic Checks
In the past year CMCL was profitable.
In the past year CMCL had a positive cash flow from operations.
Of the past 5 years CMCL 4 years were profitable.
CMCL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 9.44%, CMCL belongs to the top of the industry, outperforming 90.32% of the companies in the same industry.
Looking at the Return On Equity, with a value of 15.41%, CMCL belongs to the top of the industry, outperforming 89.03% of the companies in the same industry.
CMCL has a better Return On Invested Capital (17.47%) than 95.48% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CMCL is in line with the industry average of 12.31%.
The 3 year average ROIC (12.13%) for CMCL is below the current ROIC(17.47%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.44% | ||
| ROE | 15.41% | ||
| ROIC | 17.47% |
ROA(3y)3.45%
ROA(5y)6.15%
ROE(3y)5%
ROE(5y)8.22%
ROIC(3y)12.13%
ROIC(5y)14.64%
1.3 Margins
CMCL's Profit Margin of 17.95% is amongst the best of the industry. CMCL outperforms 85.81% of its industry peers.
In the last couple of years the Profit Margin of CMCL has declined.
Looking at the Operating Margin, with a value of 37.66%, CMCL belongs to the top of the industry, outperforming 89.03% of the companies in the same industry.
In the last couple of years the Operating Margin of CMCL has declined.
With an excellent Gross Margin value of 49.47%, CMCL belongs to the best of the industry, outperforming 87.74% of the companies in the same industry.
CMCL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.66% | ||
| PM (TTM) | 17.95% | ||
| GM | 49.47% |
OM growth 3Y-4.4%
OM growth 5Y-2.32%
PM growth 3Y-13.6%
PM growth 5Y-29.3%
GM growth 3Y-1.97%
GM growth 5Y0.59%
2. Health
2.1 Basic Checks
CMCL has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
CMCL has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, CMCL has more shares outstanding
Compared to 1 year ago, CMCL has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.61 indicates that CMCL is not in any danger for bankruptcy at the moment.
CMCL has a Altman-Z score (3.61) which is comparable to the rest of the industry.
CMCL has a debt to FCF ratio of 1.48. This is a very positive value and a sign of high solvency as it would only need 1.48 years to pay back of all of its debts.
The Debt to FCF ratio of CMCL (1.48) is better than 85.81% of its industry peers.
CMCL has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of CMCL (0.11) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.48 | ||
| Altman-Z | 3.61 |
ROIC/WACC1.97
WACC8.87%
2.3 Liquidity
A Current Ratio of 1.65 indicates that CMCL should not have too much problems paying its short term obligations.
With a Current ratio value of 1.65, CMCL is not doing good in the industry: 68.39% of the companies in the same industry are doing better.
CMCL has a Quick Ratio of 1.10. This is a normal value and indicates that CMCL is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of CMCL (1.10) is worse than 65.16% of its industry peers.
CMCL does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
CMCL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 105.00%, which is quite impressive.
The earnings per share for CMCL have been decreasing by -24.93% on average. This is quite bad
Looking at the last year, CMCL shows a very strong growth in Revenue. The Revenue has grown by 28.06%.
CMCL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.27% yearly.
EPS 1Y (TTM)105%
EPS 3Y-14.85%
EPS 5Y-24.93%
EPS Q2Q%111.18%
Revenue 1Y (TTM)28.06%
Revenue growth 3Y14.68%
Revenue growth 5Y19.27%
Sales Q2Q%30.33%
3.2 Future
The Earnings Per Share is expected to grow by 7.29% on average over the next years.
The Revenue is expected to grow by 6.86% on average over the next years.
EPS Next Y129.16%
EPS Next 2Y32.81%
EPS Next 3Y7.29%
EPS Next 5YN/A
Revenue Next Year39.02%
Revenue Next 2Y19.78%
Revenue Next 3Y6.86%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.80, which indicates a correct valuation of CMCL.
Based on the Price/Earnings ratio, CMCL is valued cheaply inside the industry as 87.74% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of CMCL to the average of the S&P500 Index (27.67), we can say CMCL is valued slightly cheaper.
CMCL is valuated correctly with a Price/Forward Earnings ratio of 14.20.
67.10% of the companies in the same industry are more expensive than CMCL, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.33, CMCL is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.8 | ||
| Fwd PE | 14.2 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CMCL is valued cheaper than 90.32% of the companies in the same industry.
73.55% of the companies in the same industry are more expensive than CMCL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.03 | ||
| EV/EBITDA | 6.32 |
4.3 Compensation for Growth
CMCL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CMCL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y32.81%
EPS Next 3Y7.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.50%, CMCL has a reasonable but not impressive dividend return.
CMCL's Dividend Yield is rather good when compared to the industry average which is at 2.41. CMCL pays more dividend than 82.58% of the companies in the same industry.
CMCL's Dividend Yield is slightly below the S&P500 average, which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.5% |
5.2 History
On average, the dividend of CMCL grows each year by 15.05%, which is quite nice.
CMCL has been paying a dividend for at least 10 years, so it has a reliable track record.
As CMCL did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)15.05%
Div Incr Years0
Div Non Decr Years6
5.3 Sustainability
CMCL pays out 42.63% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of CMCL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP42.63%
EPS Next 2Y32.81%
EPS Next 3Y7.29%
32.38
-0.19 (-0.58%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners51.66%
Inst Owner Change0.08%
Ins Owners1.51%
Ins Owner ChangeN/A
Market Cap624.93M
Revenue(TTM)204.74M
Net Income(TTM)36.74M
Analysts82.5
Price Target26.11 (-19.36%)
Short Float %2.36%
Short Ratio1.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.5% |
Yearly Dividend0.64
Dividend Growth(5Y)15.05%
DP42.63%
Div Incr Years0
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)69.44%
Min EPS beat(2)1.53%
Max EPS beat(2)137.36%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)1.04%
Min Revenue beat(2)-5.7%
Max Revenue beat(2)7.78%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)57.08%
EPS NQ rev (1m)4%
EPS NQ rev (3m)32.2%
EPS NY rev (1m)-0.75%
EPS NY rev (3m)99.05%
Revenue NQ rev (1m)1.72%
Revenue NQ rev (3m)5.34%
Revenue NY rev (1m)4.34%
Revenue NY rev (3m)22.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.8 | ||
| Fwd PE | 14.2 | ||
| P/S | 3.05 | ||
| P/FCF | 33.03 | ||
| P/OCF | 10.55 | ||
| P/B | 2.62 | ||
| P/tB | 2.62 | ||
| EV/EBITDA | 6.32 |
EPS(TTM)2.05
EY6.33%
EPS(NY)2.28
Fwd EY7.04%
FCF(TTM)0.98
FCFY3.03%
OCF(TTM)3.07
OCFY9.48%
SpS10.61
BVpS12.35
TBVpS12.35
PEG (NY)0.12
PEG (5Y)N/A
Graham Number23.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.44% | ||
| ROE | 15.41% | ||
| ROCE | 22.99% | ||
| ROIC | 17.47% | ||
| ROICexc | 19.59% | ||
| ROICexgc | 19.59% | ||
| OM | 37.66% | ||
| PM (TTM) | 17.95% | ||
| GM | 49.47% | ||
| FCFM | 9.24% |
ROA(3y)3.45%
ROA(5y)6.15%
ROE(3y)5%
ROE(5y)8.22%
ROIC(3y)12.13%
ROIC(5y)14.64%
ROICexc(3y)12.42%
ROICexc(5y)15.65%
ROICexgc(3y)12.42%
ROICexgc(5y)15.65%
ROCE(3y)16.21%
ROCE(5y)19.06%
ROICexgc growth 3Y-9.34%
ROICexgc growth 5Y-3.05%
ROICexc growth 3Y-9.34%
ROICexc growth 5Y-3.05%
OM growth 3Y-4.4%
OM growth 5Y-2.32%
PM growth 3Y-13.6%
PM growth 5Y-29.3%
GM growth 3Y-1.97%
GM growth 5Y0.59%
F-Score7
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.48 | ||
| Debt/EBITDA | 0.29 | ||
| Cap/Depr | 254.24% | ||
| Cap/Sales | 19.7% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 63.73% | ||
| Profit Quality | 51.5% | ||
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 3.61 |
F-Score7
WACC8.87%
ROIC/WACC1.97
Cap/Depr(3y)280.02%
Cap/Depr(5y)382.26%
Cap/Sales(3y)24.2%
Cap/Sales(5y)26.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)105%
EPS 3Y-14.85%
EPS 5Y-24.93%
EPS Q2Q%111.18%
EPS Next Y129.16%
EPS Next 2Y32.81%
EPS Next 3Y7.29%
EPS Next 5YN/A
Revenue 1Y (TTM)28.06%
Revenue growth 3Y14.68%
Revenue growth 5Y19.27%
Sales Q2Q%30.33%
Revenue Next Year39.02%
Revenue Next 2Y19.78%
Revenue Next 3Y6.86%
Revenue Next 5YN/A
EBIT growth 1Y182.99%
EBIT growth 3Y9.64%
EBIT growth 5Y16.51%
EBIT Next Year140.81%
EBIT Next 3Y20.94%
EBIT Next 5YN/A
FCF growth 1Y199.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y368.42%
OCF growth 3Y10.73%
OCF growth 5Y18.36%