Caledonia Mining Corporation Plc

Caledonia Mining Corporation Plc

CMCLยทAMEX

$21.45

+0.14%
Basic MaterialsGold

Caledonia Mining Corporation Plc primarily engages in the operation of a gold mine. It also explores for and develops mineral properties for precious metals. The company holds 64% interest in the Blanket Mine, a gold mine located in Matabeleland South Province, Zimbabwe. It also has an agreement to purchase 100% ownership in the Maligreen project, a brownfield gold exploration project located in Gweru mining district in the Zimbabwe Midlands. The company was formerly known as Caledonia Mining Corporation and changed its name to Caledonia Mining Corporation Plc in March 2016. Caledonia Mining Corporation Plc was incorporated in 1992 and is headquartered in Saint Helier, Jersey.

At a Glance

Live Snapshot
Market Cap$414.26M
EPS2.8300
P/E Ratio7.58
Earnings Date08/10/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 7.6).

Valuation inputs: P/E 7.6, earnings yield +13.2%, momentum +0.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is strong (ROE +21.3%, ROIC +19.4%).

Profitability stack: net margin +21.7%, ROE +21.3%, ROIC +19.4%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +31.2%, momentum +0.1%, net margin +21.7%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Caledonia Mining Corporation Plc Market vs Earnings Trajectory

CMCL ยท AMEX

Loading price and EPS data...

Caledonia Mining Corporation Plc

Caledonia Mining Corporation Plc Fair Value Envelope

CMCL ยท AMEX

Our analysis suggests that CMCL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $21.45, this represents a potential HIDDEN relative to our calculated worth for Caledonia Mining Corporation Plc.

Intrinsic Value
Current Price: $21.45
3Y+102.0%
5Y+64.0%
10Y+258.0%
3Y+79.0%
5Y+154.0%
10Y+310.0%
3Y+391.0%
5Y+166.0%
10Y+548.0%
3Y+79.0%
5Y+146.0%
10Y+231.0%
3Y-3042.0%
5Y+1290.0%
10Y+1288.0%
3Y+75.0%
5Y+132.0%
10Y+354.0%
Caledonia Mining Corporation Plc

Caledonia Mining Corporation Plc Profit Bridge

CMCL ยท AMEX
Revenue254.14M
Cost of Goods Sold (117.02M)
Gross Profit137.12M
Operating Expenses (21.52M)
Operating Income115.60M
Interest Expense (3.51M)
Other Income/Expense-9.03M
Pretax Income106.57M
Income Tax (39.06M)
Net Income55.22M
Net Income
55.22M

Profitability Analysis

Gross Margin

54.0%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

45.5%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

21.7%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

36.7%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

53.96%
Gross Profit Margin
28%
3Y+24.0%
5Y+16.0%
10Y+42.0%
45.49%
Operating Profit Margin
91%
3Y+114.0%
5Y+12.0%
10Y+72.0%
21.73%
Net Profit Margin
122%
3Y+175.0%
5Y+5.0%
10Y+58.0%
21.32%
Return on Equity
155%
3Y+167.0%
5Y+45.0%
10Y+39.0%
13.41%
Return on Assets
161%
3Y+181.0%
5Y+15.0%
10Y+43.0%
19.36%
Return on Invested Capital
148%
3Y+169.0%
5Y+28.0%
10Y+64.0%
CMCL

Caledonia Mining Corporation Plc Cash Conversion Engine

CMCL ยท AMEX
Net Income55.22M
Depreciation & Amortization15.70M
Stock-Based Compensation0.00
Change in Working Capital0.00
Others5.32M
Capital Expenditures-32.83M
Free Cash Flow43.40M

Cash Flow Quality Analysis

FCF Conversion Rate

78.6%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

43.1%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

+199.8%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$0.00

Neutral working capital impact. Changes in current assets and liabilities balanced out.

Cash Flow Quality Insight

Solid cash generation: Positive free cash flow with reasonable earnings quality provides financial flexibility for growth investments, debt reduction, or shareholder returns.

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Caledonia Mining Corporation Plc Funding & Solvency Profile

CMCL ยท AMEX
Cash & Cash Equivalents170.03M
Net Receivables9.11M
Inventory28.26M
Other Current Assets1.32M
Total Current Assets227 M
Property, Plant & Equipment285.43M
Goodwill & Intangible Assets0.00
Long-Term Investments14.73M
Other Non-Current Assets26.11M
Total Non-Current Assets326 M
Total Assets
553.16M

Financial Health Analysis

Current Ratio

4.66x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.85x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

178 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

41% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Caledonia Mining Corporation Plc Street Expectations Map

CMCL ยท AMEX

Wall Street analysts project that CMCL stock may decline over the coming 12 months. The consensus 1-year price target stands at 17.25, with estimates ranging from a low of 13.50 to a high of 21.00.

Lowest Target
13.50
-37.06%
Consensus Target
17.25
-19.58%
Highest Target
21.00
-2.10%

The consensus 1-year price target stands at 17.25, with estimates ranging from a low of 13.50 to a high of 21.00.

Analyst Consensus Analysis

Upside Potential

-19.6%

Significant downside risk. Stock trading well above analyst consensus suggests elevated valuation concerns and potential correction.

Analyst Agreement

43.5% spread

Mixed analyst views. Wide target range suggests differing opinions on key value drivers, growth prospects, or risk factors.

Risk-Reward Profile

0.06x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Caledonia Mining Corporation Plc Insider Positioning

CMCL ยท AMEX

During the last 12 months, insiders have purchased $372K and sold $344K worth of CMCL shares, resulting in $28K of net buying activity.

3 Months

Bought

15.0K

372.15K

Sold

20.0K

343.80K

Net Activity

+28K

+$28K

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
NJ

Ndlovu July

Director

15.0K sharesโ€ข1 transactions

$372K

Top Sellers

1
NJ

Ndlovu July

Director

20.0K sharesโ€ข1 transactions

$344K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Moderately bullish with $28K net buying. Insiders show cautious optimism through measured share purchases.

Buy/Sell Ratio

1.08:1

Positive buy/sell ratio. Buying exceeds or matches selling, indicating net positive insider sentiment.

Recent Trend (3 Months)

$28K

Positive recent trend with net buying activity. Insiders have been accumulating shares in recent months.

Insider Participation

Balanced

1 insider buyers and 1 sellers. Equal participation suggests mixed or neutral insider views.

Insider Activity Insight

Sustained buying momentum: Consistent net buying over multiple quarters suggests insiders maintain conviction in the company's prospects. This is particularly meaningful if buying continued through market volatility.

0.18%
Dividend Yield
-80%
3Y-80.0%
5Y-76.0%
10Y-84.0%
ย 

cmcl Dividend History

CMCL
10Y CAGR +10%
Latest $0.14
Annual $0.56
5 year growth trend
Last Period: +0%