# Collective Mining (CNL.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$23.10, market value C$2.1 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Collective Mining reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / book: 13.3×**. The shares trade at 13.3× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -4.0%** (5-yr avg -6.9%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Return on equity: -34.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -242.3%**. Return on all capital, debt included, is -242.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -31.5%**. Each dollar of assets produces -31.5% of profit.

## Growth
- **EPS growth (1 yr): -78.8%**. Earnings per share fell 78.8%.

## Financial health
- **Debt to equity: 0.01**. Debt is 0.01 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 2.6×**. It would take 2.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: -59.8×**. Operating profit covers interest only -59.8×: fragile.
- **Current ratio: 15.15** (quick 15.15). Current assets cover the next year's liabilities 15.15 times.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Collective Mining does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (5 analysts). 5 analysts cover Collective Mining; the consensus is strong_buy, with an average price target of C$32.80 (+42% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 25.7%** (YTD 15.5%, 3-mo 19.7%). The shares are up 25.7% over twelve months including dividends.
- **From 52-week high: -23.3%** (67.9% above the low). Trading 23% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 65**. An RSI of 65 is neutral.
- **Beta (1 yr): 3.14** (volatility 67%). Beta of 3.14 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CNL.TO · Page: https://foliofundamentals.com/stocks/cnl.to

Not investment advice.