CALEDONIA MINING CORP PLC (CMCL) Stock Fundamental Analysis
NYSEARCA:CMCL - NYSE Arca - JE00BF0XVB15 - Common Stock - Currency: USD
CMCL gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 156 industry peers in the Metals & Mining industry. CMCL has an excellent profitability rating, but there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on CMCL. With these ratings, CMCL could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
In the past year CMCL was profitable.
CMCL had a positive operating cash flow in the past year.
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 6.79% is amongst the best of the industry. CMCL outperforms 81.17% of its industry peers.
CMCL has a better Return On Equity (11.21%) than 81.17% of its industry peers.
The Return On Invested Capital of CMCL (16.25%) is better than 95.45% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CMCL is in line with the industry average of 11.60%.
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
The Profit Margin of CMCL (12.95%) is better than 80.52% of its industry peers.
In the last couple of years the Profit Margin of CMCL has declined.
The Operating Margin of CMCL (35.52%) is better than 90.26% of its industry peers.
CMCL's Operating Margin has declined in the last couple of years.
CMCL has a better Gross Margin (47.44%) than 87.01% of its industry peers.
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 | 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.
Compared to 5 years ago, CMCL has more shares outstanding
CMCL has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.71 indicates that CMCL is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of CMCL (2.71) 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.
Looking at the Debt to FCF ratio, with a value of 1.88, CMCL belongs to the top of the industry, outperforming 82.47% of the companies in the same industry.
A Debt/Equity ratio of 0.12 indicates that CMCL is not too dependend on debt financing.
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 | 2.71 |
ROIC/WACC1.65
WACC9.86%
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 72.08% of its industry peers.
A Quick Ratio of 0.96 indicates that CMCL may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.96, CMCL is doing worse than 71.43% of the companies in the same industry.
| 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.
CMCL shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -24.93% yearly.
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
The Earnings Per Share is expected to grow by 8.24% on average over the next years. This is quite good.
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
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
A Price/Earnings ratio of 14.60 indicates a correct valuation of CMCL.
CMCL's Price/Earnings ratio is rather cheap when compared to the industry. CMCL is cheaper than 87.01% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.04, CMCL is valued a bit cheaper.
A Price/Forward Earnings ratio of 14.26 indicates a correct valuation of CMCL.
CMCL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CMCL is cheaper than 65.58% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CMCL to the average of the S&P500 Index (37.64), we can say CMCL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.6 | ||
| Fwd PE | 14.26 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CMCL is valued cheaply inside the industry as 91.56% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CMCL indicates a somewhat cheap valuation: CMCL is cheaper than 74.68% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.19 | ||
| EV/EBITDA | 5.07 |
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)0.97
PEG (5Y)N/A
EPS Next 2Y8.24%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CMCL has a Yearly Dividend Yield of 2.70%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.61, CMCL pays a better dividend. On top of this CMCL pays more dividend than 90.91% of the companies listed in the same industry.
CMCL's Dividend Yield is comparable with the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.7% |
5.2 History
On average, the dividend of CMCL grows each year by 15.05%, which is quite nice.
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 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
21.61
-0.19 (-0.87%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners50.22%
Inst Owner Change-0.05%
Ins Owners13.45%
Ins Owner ChangeN/A
Market Cap416.86M
Analysts82.5
Price Target21.2 (-1.9%)
Short Float %2.04%
Short Ratio1.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.7% |
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)27.53%
PT rev (3m)49.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)40.35%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.6 | ||
| Fwd PE | 14.26 | ||
| P/S | 2.19 | ||
| P/FCF | 28.19 | ||
| P/OCF | 8.27 | ||
| P/B | 1.89 | ||
| P/tB | 1.89 | ||
| EV/EBITDA | 5.07 |
EPS(TTM)1.48
EY6.85%
EPS(NY)1.51
Fwd EY7.01%
FCF(TTM)0.77
FCFY3.55%
OCF(TTM)2.61
OCFY12.09%
SpS9.88
BVpS11.41
TBVpS11.41
PEG (NY)0.97
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 | 2.71 |
F-Score7
WACC9.86%
ROIC/WACC1.65
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%