CALEDONIA MINING CORP PLC (CMCL) Stock Fundamental Analysis
NYSEARCA:CMCL • JE00BF0XVB15
30.22 USD
+1.61 (+5.63%)
At close: Feb 20, 2026
30.6 USD
+0.38 (+1.26%)
Pre-Market: 2/23/2026, 9:30:02 AM
Taking everything into account, CMCL scores 7 out of 10 in our fundamental rating. CMCL was compared to 156 industry peers in the Metals & Mining industry. CMCL scores excellent on profitability, but there are some minor concerns on its financial health. An interesting combination arises when we look at growth and value: CMCL is growing strongly while it also seems undervalued. CMCL also has an excellent dividend rating. This makes CMCL very considerable for value and dividend and growth 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
- CMCL's Return On Assets of 9.44% is amongst the best of the industry. CMCL outperforms 82.69% of its industry peers.
- The Return On Equity of CMCL (15.41%) is better than 83.97% of its industry peers.
- The Return On Invested Capital of CMCL (17.47%) is better than 89.74% 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 10.67%.
- 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 fine compared to the rest of the industry. CMCL outperforms 78.85% of its industry peers.
- CMCL's Profit Margin has declined in the last couple of years.
- CMCL has a Operating Margin of 37.66%. This is amongst the best in the industry. CMCL outperforms 86.54% of its industry peers.
- CMCL's Operating Margin has declined in the last couple of years.
- With an excellent Gross Margin value of 49.47%, CMCL belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
- In the last couple of years the Gross Margin of CMCL has remained more or less at the same level.
| 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 just above the Cost of Capital (WACC), which means it is creating some value.
- Compared to 1 year ago, CMCL has about the same amount of shares outstanding.
- 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
- CMCL has an Altman-Z score of 3.43. This indicates that CMCL is financially healthy and has little risk of bankruptcy at the moment.
- CMCL has a Altman-Z score of 3.43. This is comparable to the rest of the industry: CMCL outperforms 46.15% of its industry peers.
- 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.
- With an excellent Debt to FCF ratio value of 1.48, CMCL belongs to the best of the industry, outperforming 80.77% of the companies in the same industry.
- 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 | 3.43 |
ROIC/WACC1.56
WACC11.18%
2.3 Liquidity
- CMCL has a Current Ratio of 1.65. This is a normal value and indicates that CMCL is financially healthy and should not expect problems in meeting its short term obligations.
- CMCL has a Current ratio of 1.65. This is in the lower half of the industry: CMCL underperforms 69.23% of its industry peers.
- 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.
- With a Quick ratio value of 1.10, CMCL is not doing good in the industry: 64.74% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 141.51% over the past year.
- Measured over the past years, CMCL shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -24.93% on average per year.
- The Revenue has grown by 25.29% in the past year. This is a very strong growth!
- Measured over the past years, CMCL shows a quite strong growth in Revenue. The Revenue has been growing by 19.27% on average per year.
EPS 1Y (TTM)141.51%
EPS 3Y-14.85%
EPS 5Y-24.93%
EPS Q2Q%196.15%
Revenue 1Y (TTM)25.29%
Revenue growth 3Y14.68%
Revenue growth 5Y19.27%
Sales Q2Q%52.42%
3.2 Future
- Based on estimates for the next years, CMCL will show a very strong growth in Earnings Per Share. The EPS will grow by 25.88% on average per year.
- The Revenue is expected to grow by 10.48% on average over the next years. This is quite good.
EPS Next Y146.84%
EPS Next 2Y50.94%
EPS Next 3Y25.88%
EPS Next 5YN/A
Revenue Next Year46.28%
Revenue Next 2Y25.44%
Revenue Next 3Y10.48%
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.
- Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 11.80, the valuation of CMCL can be described as reasonable.
- CMCL's Price/Earnings ratio is rather cheap when compared to the industry. CMCL is cheaper than 97.44% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.99, CMCL is valued rather cheaply.
- CMCL is valuated reasonably with a Price/Forward Earnings ratio of 10.26.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of CMCL indicates a rather cheap valuation: CMCL is cheaper than 87.18% of the companies listed in the same industry.
- CMCL is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.02, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 10.26 |
4.2 Price Multiples
- 94.87% of the companies in the same industry are more expensive than CMCL, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, CMCL is valued cheaper than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.82 | ||
| EV/EBITDA | 5.83 |
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 a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as CMCL's earnings are expected to grow with 25.88% in the coming years.
PEG (NY)0.08
PEG (5Y)N/A
EPS Next 2Y50.94%
EPS Next 3Y25.88%
5. Dividend
5.1 Amount
- CMCL has a Yearly Dividend Yield of 2.02%. Purely for dividend investing, there may be better candidates out there.
- CMCL's Dividend Yield is rather good when compared to the industry average which is at 1.03. CMCL pays more dividend than 85.90% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, CMCL has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
5.2 History
- The dividend of CMCL is nicely growing with an annual growth rate of 15.05%!
- CMCL has paid a dividend for at least 10 years, which is 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 earnings are growing more, so the dividend growth is sustainable.
DP42.63%
EPS Next 2Y50.94%
EPS Next 3Y25.88%
30.22
+1.61 (+5.63%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-10 2025-11-10/bmo
Earnings (Next)03-23 2026-03-23/amc
Inst Owners52.11%
Inst Owner Change8.42%
Ins Owners1.45%
Ins Owner ChangeN/A
Market Cap583.25M
Revenue(TTM)173.75M
Net Income(TTM)36.74M
Analysts82.5
Price Target41.85 (38.48%)
Short Float %6.87%
Short Ratio2.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
Yearly Dividend0.64
Dividend Growth(5Y)15.05%
DP42.63%
Div Incr Years0
Div Non Decr Years6
Ex-DateN/A
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)10.3%
PT rev (3m)23.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)2.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 10.26 | ||
| P/S | 2.85 | ||
| P/FCF | 30.82 | ||
| P/OCF | 9.84 | ||
| P/B | 2.45 | ||
| P/tB | 2.45 | ||
| EV/EBITDA | 5.83 |
EPS(TTM)2.56
EY8.47%
EPS(NY)2.95
Fwd EY9.75%
FCF(TTM)0.98
FCFY3.24%
OCF(TTM)3.07
OCFY10.16%
SpS10.61
BVpS12.35
TBVpS12.35
PEG (NY)0.08
PEG (5Y)N/A
Graham Number26.68
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 | 3.43 |
F-Score7
WACC11.18%
ROIC/WACC1.56
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)141.51%
EPS 3Y-14.85%
EPS 5Y-24.93%
EPS Q2Q%196.15%
EPS Next Y146.84%
EPS Next 2Y50.94%
EPS Next 3Y25.88%
EPS Next 5YN/A
Revenue 1Y (TTM)25.29%
Revenue growth 3Y14.68%
Revenue growth 5Y19.27%
Sales Q2Q%52.42%
Revenue Next Year46.28%
Revenue Next 2Y25.44%
Revenue Next 3Y10.48%
Revenue Next 5YN/A
EBIT growth 1Y182.99%
EBIT growth 3Y9.64%
EBIT growth 5Y16.51%
EBIT Next Year184.67%
EBIT Next 3Y32.48%
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%
CALEDONIA MINING CORP PLC / CMCL FAQ
What is the ChartMill fundamental rating of CALEDONIA MINING CORP PLC (CMCL) stock?
ChartMill assigns a fundamental rating of 8 / 10 to CMCL.
What is the valuation status for CMCL stock?
ChartMill assigns a valuation rating of 9 / 10 to CALEDONIA MINING CORP PLC (CMCL). This can be considered as Undervalued.
What is the profitability of CMCL stock?
CALEDONIA MINING CORP PLC (CMCL) has a profitability rating of 8 / 10.
What are the PE and PB ratios of CALEDONIA MINING CORP PLC (CMCL) stock?
The Price/Earnings (PE) ratio for CALEDONIA MINING CORP PLC (CMCL) is 11.8 and the Price/Book (PB) ratio is 2.45.
What is the expected EPS growth for CALEDONIA MINING CORP PLC (CMCL) stock?
The Earnings per Share (EPS) of CALEDONIA MINING CORP PLC (CMCL) is expected to grow by 146.84% in the next year.