# Caledonia Mining Corporation Plc (CMCL) fundamentals

Data as of 2026-09-08. AMEX, United States. Sector: Basic Materials / Metals & Mining. Price $26.33, market value $509 million.

## Valuation
- **P/E (trailing): 7.5×** (5-yr avg 9.8×, 3-yr avg 9.6×). Caledonia Mining Corporation Plc trades at 7.5× trailing earnings, well below its own five-year average of 9.8×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 5.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.02**. A PEG of 0.02 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.8×**. Each dollar of revenue is priced at 1.8×.
- **Price / book: 1.7×**. The shares trade at 1.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.9×**. Enterprise value is 3.9× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 9.8%** (5-yr avg 1.9%). Free cash flow equals 9.8% of the market value, above its five-year average of 1.9%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 13.3%**. The inverse of the P/E: 13.3% of the price is earned each year.

## Profitability
- **Gross margin: 51.2%**. Caledonia Mining Corporation Plc keeps 51.2% of revenue after the direct cost of what it sells.
- **Operating margin: 42.3%**. 42.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 20.6%**. 20.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 21.3%**. 21.3% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 32.6%**. Return on all capital, debt included, is 32.6%: comfortably above what that capital costs.
- **Return on assets: 15.9%**. Each dollar of assets produces 15.9% of profit.

## Growth
- **Revenue growth (1 yr): 46.2%** (3-yr 23.5%/yr, 5-yr 21.8%/yr). Revenue grew 46.2% over the last year, against 21.8% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 211.0%** (3-yr 49.3%/yr, 5-yr 12.5%/yr). Earnings per share rose 211.0%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 229.6%/yr**. Free cash flow has compounded at 229.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.13**. Debt is 0.13 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Caledonia Mining Corporation Plc holds more cash than debt.
- **Interest coverage: 17.5×**. Operating profit covers interest 17.5× over, a safe margin.
- **Current ratio: 1.57** (quick 1.13). Current assets cover the next year's liabilities 1.57 times.
- **Altman Z-score: 4.92**. A Z-score of 4.92 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 2.13%** ($0.56 per share, trailing). Caledonia Mining Corporation Plc yields 2.13%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 36%** (45% of free cash flow). 36% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 9**. 9 straight years of increases.
- **Dividend growth (5 yr): 10.8%/yr** (1-yr 0.0%). The dividend has compounded at 10.8% a year over five years, doubling roughly every 7 years at that pace.

## Price and momentum
- **Total return (1 yr): -3.2%** (YTD 1.2%, 3-mo 32.0%). The shares are down 3.2% over twelve months including dividends.
- **From 52-week high: -32.1%** (66.1% above the low). Trading 32% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 74**. An RSI of 74 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 1.76** (volatility 62%). Beta of 1.76 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CMCL · Page: https://foliofundamentals.com/stocks/cmcl

Not investment advice.