CALEDONIA MINING CORP PLC (CMCL) Stock Fundamental Analysis
NYSEARCA:CMCL - JE00BF0XVB15 - Common Stock
25.58 USD
+0.7 (+2.81%)
25.58 USD
0 (0%)
Overall CMCL gets a fundamental rating of 7 out of 10. We evaluated CMCL against 155 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making CMCL a very profitable company, without any liquidiy or solvency issues. A decent growth rate in combination with a cheap valuation! Better keep an eye on CMCL. This makes CMCL very considerable for value and quality 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.
In the past 5 years CMCL always reported a positive cash flow from operatings.
1.2 Ratios
CMCL has a Return On Assets of 9.44%. This is amongst the best in the industry. CMCL outperforms 88.39% of its industry peers.
Looking at the Return On Equity, with a value of 15.41%, CMCL belongs to the top of the industry, outperforming 87.74% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 17.47%, CMCL belongs to the top of the industry, outperforming 95.48% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CMCL is in line with the industry average of 12.86%.
The last Return On Invested Capital (17.47%) for CMCL is above the 3 year average (12.13%), which is a sign of increasing profitability.
| 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 has a better Profit Margin (17.95%) than 85.16% of its industry peers.
In the last couple of years the Profit Margin of CMCL has declined.
CMCL has a Operating Margin of 37.66%. This is amongst the best in the industry. CMCL outperforms 88.39% of its industry peers.
CMCL's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 49.47%, CMCL belongs to the top of the industry, outperforming 87.74% of the companies in the same industry.
CMCL's Gross Margin has been stable in the last couple of years.
| 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
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 remains at a similar level compared to 1 year ago.
CMCL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CMCL has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.02 indicates that CMCL is not in any danger for bankruptcy at the moment.
CMCL has a Altman-Z score (3.02) which is comparable to the rest of the industry.
The Debt to FCF ratio of CMCL is 1.48, which is an excellent value as it means it would take CMCL, only 1.48 years of fcf income to pay off all of its debts.
CMCL's Debt to FCF ratio of 1.48 is amongst the best of the industry. CMCL outperforms 84.52% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that CMCL is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.11, CMCL is in line with its industry, outperforming 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.48 | ||
| Altman-Z | 3.02 |
ROIC/WACC1.74
WACC10.03%
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.
The Current ratio of CMCL (1.65) is worse than 67.74% of its industry peers.
A Quick Ratio of 1.10 indicates that CMCL should not have too much problems paying its short term obligations.
The Quick ratio of CMCL (1.10) is worse than 65.16% of its industry peers.
CMCL does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| 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 105.00% over the past year.
The earnings per share for CMCL have been decreasing by -24.93% on average. This is quite bad
Looking at the last year, CMCL shows a very strong growth in Revenue. The Revenue has grown by 28.06%.
The Revenue has been growing by 19.27% on average over the past years. This is quite good.
EPS 1Y (TTM)105%
EPS 3Y-14.85%
EPS 5Y-24.93%
EPS Q2Q%111.18%
Revenue 1Y (TTM)28.06%
Revenue growth 3Y14.68%
Revenue growth 5Y19.27%
Sales Q2Q%30.33%
3.2 Future
CMCL is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.29% yearly.
CMCL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.34% yearly.
EPS Next Y130.9%
EPS Next 2Y32.81%
EPS Next 3Y7.29%
EPS Next 5YN/A
Revenue Next Year33.18%
Revenue Next 2Y13.75%
Revenue Next 3Y5.34%
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
With a Price/Earnings ratio of 12.48, CMCL is valued correctly.
Based on the Price/Earnings ratio, CMCL is valued cheaply inside the industry as 90.32% of the companies are valued more expensively.
CMCL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.08.
The Price/Forward Earnings ratio is 11.22, which indicates a very decent valuation of CMCL.
Based on the Price/Forward Earnings ratio, CMCL is valued a bit cheaper than the industry average as 76.77% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of CMCL to the average of the S&P500 Index (22.72), we can say CMCL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.48 | ||
| Fwd PE | 11.22 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CMCL indicates a rather cheap valuation: CMCL is cheaper than 93.55% of the companies listed in the same industry.
CMCL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CMCL is cheaper than 75.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.08 | ||
| EV/EBITDA | 4.72 |
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)0.1
PEG (5Y)N/A
EPS Next 2Y32.81%
EPS Next 3Y7.29%
5. Dividend
5.1 Amount
CMCL has a Yearly Dividend Yield of 2.22%. 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 2.59. CMCL pays more dividend than 85.81% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, CMCL has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.22% |
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
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 the earnings are growing slower. This means the dividend growth is not sustainable.
DP42.63%
EPS Next 2Y32.81%
EPS Next 3Y7.29%
25.58
+0.7 (+2.81%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners50.22%
Inst Owner Change11.14%
Ins Owners13.45%
Ins Owner ChangeN/A
Market Cap493.44M
Analysts82.5
Price Target22.79 (-10.91%)
Short Float %1.21%
Short Ratio1.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.22% |
Yearly Dividend0.64
Dividend Growth(5Y)15.05%
DP42.63%
Div Incr Years0
Div Non Decr Years6
Ex-Date
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)7.52%
PT rev (3m)49.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)27.66%
EPS NY rev (1m)100.56%
EPS NY rev (3m)100.56%
Revenue NQ rev (1m)2.24%
Revenue NQ rev (3m)22.84%
Revenue NY rev (1m)17.04%
Revenue NY rev (3m)17.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.48 | ||
| Fwd PE | 11.22 | ||
| P/S | 2.41 | ||
| P/FCF | 26.08 | ||
| P/OCF | 8.33 | ||
| P/B | 2.07 | ||
| P/tB | 2.07 | ||
| EV/EBITDA | 4.72 |
EPS(TTM)2.05
EY8.01%
EPS(NY)2.28
Fwd EY8.92%
FCF(TTM)0.98
FCFY3.83%
OCF(TTM)3.07
OCFY12.01%
SpS10.61
BVpS12.36
TBVpS12.36
PEG (NY)0.1
PEG (5Y)N/A
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%
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 Turnover0.53
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 | 3.02 |
F-Score7
WACC10.03%
ROIC/WACC1.74
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)105%
EPS 3Y-14.85%
EPS 5Y-24.93%
EPS Q2Q%111.18%
EPS Next Y130.9%
EPS Next 2Y32.81%
EPS Next 3Y7.29%
EPS Next 5YN/A
Revenue 1Y (TTM)28.06%
Revenue growth 3Y14.68%
Revenue growth 5Y19.27%
Sales Q2Q%30.33%
Revenue Next Year33.18%
Revenue Next 2Y13.75%
Revenue Next 3Y5.34%
Revenue Next 5YN/A
EBIT growth 1Y182.99%
EBIT growth 3Y9.64%
EBIT growth 5Y16.51%
EBIT Next Year131.68%
EBIT Next 3YN/A
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%