CALEDONIA MINING CORP PLC (CMCL) Stock Fundamental Analysis
NYSEARCA:CMCL - NYSE Arca - JE00BF0XVB15 - Common Stock - Currency: USD
Overall CMCL gets a fundamental rating of 6 out of 10. We evaluated CMCL against 151 industry peers in the Metals & Mining industry. CMCL has a medium profitability rating, but doesn't score so well on its financial health evaluation. CMCL is valued quite cheap, while showing a decent growth score. This is a good combination! Finally CMCL also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CMCL had positive earnings in the past year.
CMCL had a positive operating cash flow in the past year.
CMCL had positive earnings in 4 of the past 5 years.
CMCL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CMCL has a Return On Assets of 2.85%. This is in the better half of the industry: CMCL outperforms 70.20% of its industry peers.
With a decent Return On Equity value of 3.93%, CMCL is doing good in the industry, outperforming 66.89% of the companies in the same industry.
CMCL has a better Return On Invested Capital (5.06%) than 62.91% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CMCL is above the industry average of 8.58%.
The 3 year average ROIC (13.23%) for CMCL is well above the current ROIC(5.06%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.85% | ||
| ROE | 3.93% | ||
| ROIC | 5.06% |
ROA(3y)5.02%
ROA(5y)11.2%
ROE(3y)6.71%
ROE(5y)14.71%
ROIC(3y)13.23%
ROIC(5y)14.91%
1.3 Margins
The Profit Margin of CMCL (5.85%) is better than 74.17% of its industry peers.
With a decent Operating Margin value of 12.12%, CMCL is doing good in the industry, outperforming 69.54% of the companies in the same industry.
In the last couple of years the Operating Margin of CMCL has declined.
CMCL has a better Gross Margin (24.71%) than 64.24% of its industry peers.
In the last couple of years the Gross Margin of CMCL has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.12% | ||
| PM (TTM) | 5.85% | ||
| GM | 24.71% |
OM growth 3Y-30.1%
OM growth 5Y-14.92%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-15.26%
GM growth 5Y-2.08%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CMCL is still creating some value.
The number of shares outstanding for CMCL has been increased compared to 1 year ago.
CMCL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CMCL has a worse debt to assets ratio.
2.2 Solvency
CMCL has an Altman-Z score of 1.88. This is not the best score and indicates that CMCL is in the grey zone with still only limited risk for bankruptcy at the moment.
CMCL has a Altman-Z score (1.88) which is comparable to the rest of the industry.
The Debt to FCF ratio of CMCL is 6.79, which is on the high side as it means it would take CMCL, 6.79 years of fcf income to pay off all of its debts.
CMCL has a Debt to FCF ratio of 6.79. This is in the better half of the industry: CMCL outperforms 69.54% of its industry peers.
CMCL has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of CMCL (0.10) is better than 62.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 6.79 | ||
| Altman-Z | 1.88 |
ROIC/WACC0.49
WACC10.28%
2.3 Liquidity
CMCL has a Current Ratio of 1.44. 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 worse Current ratio (1.44) than 69.54% of its industry peers.
A Quick Ratio of 0.89 indicates that CMCL may have some problems paying its short term obligations.
CMCL's Quick ratio of 0.89 is on the low side compared to the rest of the industry. CMCL is outperformed by 68.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.44 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
CMCL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 166.64%, which is quite impressive.
CMCL shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.96%.
The Revenue has been growing by 16.36% on average over the past years. This is quite good.
EPS 1Y (TTM)166.64%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%30%
Revenue 1Y (TTM)22.96%
Revenue growth 3Y13.44%
Revenue growth 5Y16.36%
Sales Q2Q%13.79%
3.2 Future
CMCL is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 71.79% yearly.
The Revenue is expected to grow by 9.18% on average over the next years. This is quite good.
EPS Next Y269.86%
EPS Next 2Y131.89%
EPS Next 3Y71.79%
EPS Next 5YN/A
Revenue Next Year21.96%
Revenue Next 2Y13.62%
Revenue Next 3Y9.18%
Revenue Next 5YN/A
3.3 Evolution
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
Based on the Price/Earnings ratio of 10.05, the valuation of CMCL can be described as reasonable.
90.07% of the companies in the same industry are more expensive than CMCL, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 29.35, CMCL is valued rather cheaply.
With a Price/Forward Earnings ratio of 7.10, the valuation of CMCL can be described as very cheap.
Based on the Price/Forward Earnings ratio, CMCL is valued cheaper than 92.05% of the companies in the same industry.
CMCL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.05 | ||
| Fwd PE | 7.1 |
4.2 Price Multiples
CMCL's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CMCL is cheaper than 81.46% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CMCL indicates a somewhat cheap valuation: CMCL is cheaper than 66.89% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 53.77 | ||
| EV/EBITDA | 5.69 |
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.
The decent profitability rating of CMCL may justify a higher PE ratio.
CMCL's earnings are expected to grow with 71.79% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y131.89%
EPS Next 3Y71.79%
5. Dividend
5.1 Amount
CMCL has a Yearly Dividend Yield of 5.21%, which is a nice return.
Compared to an average industry Dividend Yield of 3.22, CMCL pays a better dividend. On top of this CMCL pays more dividend than 90.73% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, CMCL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.21% |
5.2 History
The dividend of CMCL is nicely growing with an annual growth rate of 16.01%!
CMCL has been paying a dividend for at least 10 years, so it has a reliable track record.
CMCL has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)16.01%
Div Incr Years0
Div Non Decr Years6
5.3 Sustainability
CMCL pays out 124.60% of its income as dividend. This is not a sustainable payout ratio.
The dividend of CMCL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP124.6%
EPS Next 2Y131.89%
EPS Next 3Y71.79%
10.65
-0.1 (-0.93%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners50.48%
Inst Owner Change8.1%
Ins Owners2.44%
Ins Owner ChangeN/A
Market Cap204.59M
Analysts82.5
Price Target14.2 (33.33%)
Short Float %1.48%
Short Ratio4.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.21% |
Yearly Dividend0.69
Dividend Growth(5Y)16.01%
DP124.6%
Div Incr Years0
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
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)0.18%
PT rev (3m)-1.93%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-4.89%
EPS NY rev (3m)-18.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.37%
Revenue NY rev (3m)1.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.05 | ||
| Fwd PE | 7.1 | ||
| P/S | 1.24 | ||
| P/FCF | 53.77 | ||
| P/OCF | 6.41 | ||
| P/B | 0.83 | ||
| P/tB | 0.83 | ||
| EV/EBITDA | 5.69 |
EPS(TTM)1.06
EY9.95%
EPS(NY)1.5
Fwd EY14.09%
FCF(TTM)0.2
FCFY1.86%
OCF(TTM)1.66
OCFY15.61%
SpS8.61
BVpS12.81
TBVpS12.81
PEG (NY)0.04
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.85% | ||
| ROE | 3.93% | ||
| ROCE | 6.72% | ||
| ROIC | 5.06% | ||
| ROICexc | 5.18% | ||
| ROICexgc | 5.18% | ||
| OM | 12.12% | ||
| PM (TTM) | 5.85% | ||
| GM | 24.71% | ||
| FCFM | 2.3% |
ROA(3y)5.02%
ROA(5y)11.2%
ROE(3y)6.71%
ROE(5y)14.71%
ROIC(3y)13.23%
ROIC(5y)14.91%
ROICexc(3y)14.02%
ROICexc(5y)16.11%
ROICexgc(3y)14.02%
ROICexgc(5y)16.11%
ROCE(3y)17.36%
ROCE(5y)19.25%
ROICexcg growth 3Y-37.22%
ROICexcg growth 5Y-20.16%
ROICexc growth 3Y-37.22%
ROICexc growth 5Y-20.16%
OM growth 3Y-30.1%
OM growth 5Y-14.92%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-15.26%
GM growth 5Y-2.08%
F-Score5
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 6.79 | ||
| Debt/EBITDA | 0.68 | ||
| Cap/Depr | 170.07% | ||
| Cap/Sales | 17.02% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 87.31% | ||
| Profit Quality | 39.37% | ||
| Current Ratio | 1.44 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | 1.88 |
F-Score5
WACC10.28%
ROIC/WACC0.49
Cap/Depr(3y)371.52%
Cap/Depr(5y)N/A
Cap/Sales(3y)29.14%
Cap/Sales(5y)28.91%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)166.64%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%30%
EPS Next Y269.86%
EPS Next 2Y131.89%
EPS Next 3Y71.79%
EPS Next 5YN/A
Revenue 1Y (TTM)22.96%
Revenue growth 3Y13.44%
Revenue growth 5Y16.36%
Sales Q2Q%13.79%
Revenue Next Year21.96%
Revenue Next 2Y13.62%
Revenue Next 3Y9.18%
Revenue Next 5YN/A
EBIT growth 1Y-56.89%
EBIT growth 3Y-20.7%
EBIT growth 5Y-1%
EBIT Next Year192.33%
EBIT Next 3Y47%
EBIT Next 5YN/A
FCF growth 1Y202.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-28.85%
OCF growth 3Y-21.86%
OCF growth 5Y-3.52%