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CALEDONIA MINING CORP PLC (CMCL) Stock Fundamental Analysis

NYSEARCA:CMCL - NYSE Arca - JE00BF0XVB15 - Common Stock - Currency: USD

21.49  +0.59 (+2.82%)

After market: 21.8688 +0.38 (+1.76%)

Fundamental Rating

6

Overall CMCL gets a fundamental rating of 6 out of 10. We evaluated CMCL against 154 industry peers in the Metals & Mining industry. CMCL scores excellent on profitability, but there are some minor concerns on its financial health. CMCL is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year CMCL was profitable.
CMCL had a positive operating cash flow in the past year.
CMCL had positive earnings in 4 of the past 5 years.
In the past 5 years CMCL always reported a positive cash flow from operatings.
CMCL Yearly Net Income VS EBIT VS OCF VS FCFCMCL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M

1.2 Ratios

CMCL's Return On Assets of 6.79% is amongst the best of the industry. CMCL outperforms 81.17% of its industry peers.
With an excellent Return On Equity value of 11.21%, CMCL belongs to the best of the industry, outperforming 81.17% of the companies in the same industry.
The Return On Invested Capital of CMCL (16.25%) is better than 95.45% of its industry peers.
CMCL had an Average Return On Invested Capital over the past 3 years of 12.13%. This is in line with the industry average of 11.67%.
The 3 year average ROIC (12.13%) for CMCL is below the current ROIC(16.25%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.79%
ROE 11.21%
ROIC 16.25%
ROA(3y)3.45%
ROA(5y)6.15%
ROE(3y)5%
ROE(5y)8.22%
ROIC(3y)12.13%
ROIC(5y)14.64%
CMCL Yearly ROA, ROE, ROICCMCL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

1.3 Margins

Looking at the Profit Margin, with a value of 12.95%, CMCL belongs to the top of the industry, outperforming 81.17% of the companies in the same industry.
In the last couple of years the Profit Margin of CMCL has declined.
CMCL has a better Operating Margin (35.52%) than 90.26% of its industry peers.
CMCL's Operating Margin has declined in the last couple of years.
The Gross Margin of CMCL (47.44%) is better than 87.01% of its industry peers.
CMCL's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 35.52%
PM (TTM) 12.95%
GM 47.44%
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%
CMCL Yearly Profit, Operating, Gross MarginsCMCL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CMCL is creating 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.
CMCL Yearly Shares OutstandingCMCL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
CMCL Yearly Total Debt VS Total AssetsCMCL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

An Altman-Z score of 2.69 indicates that CMCL is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of CMCL (2.69) is comparable to the rest of the industry.
CMCL has a debt to FCF ratio of 1.88. This is a very positive value and a sign of high solvency as it would only need 1.88 years to pay back of all of its debts.
The Debt to FCF ratio of CMCL (1.88) is better than 83.12% of its industry peers.
A Debt/Equity ratio of 0.12 indicates that CMCL is not too dependend on debt financing.
CMCL has a Debt to Equity ratio of 0.12. This is comparable to the rest of the industry: CMCL outperforms 58.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 1.88
Altman-Z 2.69
ROIC/WACC1.84
WACC8.84%
CMCL Yearly LT Debt VS Equity VS FCFCMCL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M

2.3 Liquidity

CMCL has a Current Ratio of 1.48. This is a normal value and indicates that CMCL is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CMCL (1.48) is worse than 71.43% of its industry peers.
A Quick Ratio of 0.96 indicates that CMCL may have some problems paying its short term obligations.
With a Quick ratio value of 0.96, CMCL is not doing good in the industry: 70.13% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.48
Quick Ratio 0.96
CMCL Yearly Current Assets VS Current LiabilitesCMCL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 978.83% 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.
Looking at the last year, CMCL shows a very strong growth in Revenue. The Revenue has grown by 29.36%.
The Revenue has been growing by 19.27% on average over the past years. This is quite good.
EPS 1Y (TTM)978.83%
EPS 3Y-14.85%
EPS 5Y-24.93%
EPS Q2Q%70.37%
Revenue 1Y (TTM)29.36%
Revenue growth 3Y14.68%
Revenue growth 5Y19.27%
Sales Q2Q%38.61%

3.2 Future

CMCL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.24% yearly.
CMCL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.97% yearly.
EPS Next Y15.13%
EPS Next 2Y8.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.79%
Revenue Next 2Y6.97%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CMCL Yearly Revenue VS EstimatesCMCL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M
CMCL Yearly EPS VS EstimatesCMCL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

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6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 14.52, CMCL is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of CMCL indicates a rather cheap valuation: CMCL is cheaper than 86.36% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.45, CMCL is valued a bit cheaper.
With a Price/Forward Earnings ratio of 14.19, CMCL is valued correctly.
63.64% of the companies in the same industry are more expensive than CMCL, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of CMCL to the average of the S&P500 Index (21.90), we can say CMCL is valued slightly cheaper.
Industry RankSector Rank
PE 14.52
Fwd PE 14.19
CMCL Price Earnings VS Forward Price EarningsCMCL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, CMCL is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, CMCL is valued a bit cheaper than 75.32% of the companies in the same industry.
Industry RankSector Rank
P/FCF 28.03
EV/EBITDA 5
CMCL Per share dataCMCL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of CMCL may justify a higher PE ratio.
PEG (NY)0.96
PEG (5Y)N/A
EPS Next 2Y8.24%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

CMCL has a Yearly Dividend Yield of 2.90%.
Compared to an average industry Dividend Yield of 2.98, CMCL pays a better dividend. On top of this CMCL pays more dividend than 90.26% of the companies listed in the same industry.
CMCL's Dividend Yield is comparable with the S&P500 average which is at 2.42.
Industry RankSector Rank
Dividend Yield 2.9%

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.
CMCL has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)15.05%
Div Incr Years0
Div Non Decr Years6
CMCL Yearly Dividends per shareCMCL Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

CMCL pays out 44.44% of its income as dividend. This is a bit on the high side, but may be sustainable.
CMCL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP44.44%
EPS Next 2Y8.24%
EPS Next 3YN/A
CMCL Yearly Income VS Free CF VS DividendCMCL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M 30M 40M
CMCL Dividend Payout.CMCL Dividend Payout, showing the Payout Ratio.CMCL Dividend Payout.PayoutRetained Earnings

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CALEDONIA MINING CORP PLC

NYSEARCA:CMCL (7/3/2025, 7:13:05 PM)

After market: 21.8688 +0.38 (+1.76%)

21.49

+0.59 (+2.82%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)05-12 2025-05-12/dmh
Earnings (Next)08-11 2025-08-11
Inst Owners50.22%
Inst Owner Change0.86%
Ins Owners13.45%
Ins Owner ChangeN/A
Market Cap414.54M
Analysts82.5
Price Target16.62 (-22.66%)
Short Float %2.03%
Short Ratio1.81
Dividend
Industry RankSector Rank
Dividend Yield 2.9%
Yearly Dividend0.64
Dividend Growth(5Y)15.05%
DP44.44%
Div Incr Years0
Div Non Decr Years6
Ex-Date05-23 2025-05-23 (0.14)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)96.19%
Min EPS beat(2)55.02%
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)2
Avg Revenue beat(2)4.53%
Min Revenue beat(2)2.47%
Max Revenue beat(2)6.6%
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)9.21%
PT rev (3m)17.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.44%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)13.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.51%
Valuation
Industry RankSector Rank
PE 14.52
Fwd PE 14.19
P/S 2.18
P/FCF 28.03
P/OCF 8.22
P/B 1.88
P/tB 1.88
EV/EBITDA 5
EPS(TTM)1.48
EY6.89%
EPS(NY)1.51
Fwd EY7.05%
FCF(TTM)0.77
FCFY3.57%
OCF(TTM)2.61
OCFY12.16%
SpS9.88
BVpS11.41
TBVpS11.41
PEG (NY)0.96
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 6.79%
ROE 11.21%
ROCE 21.53%
ROIC 16.25%
ROICexc 16.69%
ROICexgc 16.69%
OM 35.52%
PM (TTM) 12.95%
GM 47.44%
FCFM 7.76%
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%
ROICexcg growth 3Y-9.34%
ROICexcg 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 Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 1.88
Debt/EBITDA 0.32
Cap/Depr 221.78%
Cap/Sales 18.69%
Interest Coverage 250
Cash Conversion 60.19%
Profit Quality 59.92%
Current Ratio 1.48
Quick Ratio 0.96
Altman-Z 2.69
F-Score7
WACC8.84%
ROIC/WACC1.84
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)978.83%
EPS 3Y-14.85%
EPS 5Y-24.93%
EPS Q2Q%70.37%
EPS Next Y15.13%
EPS Next 2Y8.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)29.36%
Revenue growth 3Y14.68%
Revenue growth 5Y19.27%
Sales Q2Q%38.61%
Revenue Next Year13.79%
Revenue Next 2Y6.97%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y176.87%
EBIT growth 3Y9.64%
EBIT growth 5Y16.51%
EBIT Next Year131.68%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y302.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y59.62%
OCF growth 3Y10.73%
OCF growth 5Y18.36%