CALEDONIA MINING CORP PLC (CMCL) Stock Fundamental Analysis
NYSEARCA:CMCL - NYSE Arca - JE00BF0XVB15 - Common Stock - Currency: USD
We assign a fundamental rating of 7 out of 10 to CMCL. CMCL was compared to 154 industry peers in the Metals & Mining industry. While CMCL belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. CMCL may be a bit undervalued, certainly considering the very reasonable score on growth These ratings would make CMCL suitable for value investing!
1. Profitability
1.1 Basic Checks
CMCL had positive earnings in the past year.
In the past year CMCL had a positive cash flow from operations.
CMCL had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CMCL had a positive operating cash flow.
1.2 Ratios
CMCL's Return On Assets of 6.79% is amongst the best of the industry. CMCL outperforms 81.82% of its industry peers.
The Return On Equity of CMCL (11.21%) is better than 81.17% of its industry peers.
CMCL's Return On Invested Capital of 16.25% is amongst the best of the industry. CMCL outperforms 95.45% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CMCL is above the industry average of 8.82%.
The last Return On Invested Capital (16.25%) for CMCL is above the 3 year average (12.13%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
Looking at the Profit Margin, with a value of 12.95%, CMCL belongs to the top of the industry, outperforming 83.12% of the companies in the same industry.
CMCL's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 35.52%, CMCL belongs to the top of the industry, outperforming 91.56% of the companies in the same industry.
CMCL's Operating Margin has declined in the last couple of years.
CMCL has a Gross Margin of 47.44%. This is amongst the best in the industry. CMCL outperforms 87.01% of its industry peers.
CMCL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
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.
The number of shares outstanding for CMCL remains at a similar level compared to 1 year ago.
The number of shares outstanding for CMCL has been increased compared to 5 years ago.
CMCL has a better debt/assets ratio than last year.
2.2 Solvency
CMCL has an Altman-Z score of 2.34. 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.
Looking at the Altman-Z score, with a value of 2.34, CMCL is in line with its industry, outperforming 53.25% of the companies in the same industry.
The Debt to FCF ratio of CMCL is 1.88, which is an excellent value as it means it would take CMCL, only 1.88 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.88, CMCL belongs to the top of the industry, outperforming 81.17% of the companies in the same industry.
CMCL has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of CMCL (0.12) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.88 | ||
| Altman-Z | 2.34 |
ROIC/WACC1.62
WACC10.05%
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.
CMCL has a worse Current ratio (1.48) 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.
CMCL's Quick ratio of 0.96 is on the low side compared to the rest of the industry. CMCL is outperformed by 68.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 0.96 |
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%.
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)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
The Earnings Per Share is expected to grow by 8.24% on average over the next years. This is quite good.
Based on estimates for the next years, CMCL will show a small growth in Revenue. The Revenue will grow by 6.97% on average per year.
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.
4. Valuation
4.1 Price/Earnings Ratio
CMCL is valuated reasonably with a Price/Earnings ratio of 11.63.
Based on the Price/Earnings ratio, CMCL is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of CMCL to the average of the S&P500 Index (25.82), we can say CMCL is valued rather cheaply.
CMCL is valuated reasonably with a Price/Forward Earnings ratio of 11.36.
Based on the Price/Forward Earnings ratio, CMCL is valued a bit cheaper than 68.18% of the companies in the same industry.
CMCL's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.63 | ||
| Fwd PE | 11.36 |
4.2 Price Multiples
CMCL's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CMCL is cheaper than 94.16% of the companies in the same industry.
CMCL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CMCL is cheaper than 74.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.45 | ||
| EV/EBITDA | 4.02 |
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)0.77
PEG (5Y)N/A
EPS Next 2Y8.24%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CMCL has a Yearly Dividend Yield of 3.23%.
Compared to an average industry Dividend Yield of 2.97, CMCL pays a better dividend. On top of this CMCL pays more dividend than 88.31% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, CMCL pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.23% |
5.2 History
The dividend of CMCL is nicely growing with an annual growth rate of 15.05%!
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
44.44% of the earnings are spent on dividend by CMCL. 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.
DP44.44%
EPS Next 2Y8.24%
EPS Next 3YN/A
17.21
+0.54 (+3.24%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners50.48%
Inst Owner Change0.86%
Ins Owners2.44%
Ins Owner ChangeN/A
Market Cap331.98M
Analysts82.5
Price Target15.22 (-11.56%)
Short Float %2.12%
Short Ratio3.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.23% |
Yearly Dividend0.64
Dividend Growth(5Y)15.05%
DP44.44%
Div Incr Years0
Div Non Decr Years6
Ex-Date
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)7.18%
PT rev (3m)7.18%
EPS NQ rev (1m)40.35%
EPS NQ rev (3m)-2.44%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.83%
Revenue NQ rev (1m)-7.8%
Revenue NQ rev (3m)13.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.63 | ||
| Fwd PE | 11.36 | ||
| P/S | 1.74 | ||
| P/FCF | 22.45 | ||
| P/OCF | 6.59 | ||
| P/B | 1.51 | ||
| P/tB | 1.51 | ||
| EV/EBITDA | 4.02 |
EPS(TTM)1.48
EY8.6%
EPS(NY)1.51
Fwd EY8.8%
FCF(TTM)0.77
FCFY4.45%
OCF(TTM)2.61
OCFY15.18%
SpS9.88
BVpS11.41
TBVpS11.41
PEG (NY)0.77
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.34 |
F-Score7
WACC10.05%
ROIC/WACC1.62
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%