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Caledonia Mining Corporation PLC

CMCL Basic Materials Gold

Caledonia Mining Corporation PLC’s revenue for fiscal 2025 (year ended December 2025) was $267.7 million, up 46.2% from fiscal 2024.

Revenue
+35.1%
EPS
+202.2%
Free cash flow
+267.9%
Total debt
+332.8%

Quarter to June 2026, against a year earlier

21.26 0.65 +3.15%
Market cap
$410.5M
P/E
5.3×
Fwd P/E
8.2×
Dividend yield
2.63%
F-score
8/9
Altman Z
3.83
Beneish M
−2.59
Dividend safety
86/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 1.08
Sold, $m 0.34
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 1 1 — 1 — — —
Sell — — — — — 1 — — — — — —
Insider Ownership 17.56%

Capital & Financial Ratios $m

Size
Market Cap 410.49
Revenue ttm 279.10
Net income ttm 71.69
Free cash flow ttm 51.71
Net debt Q (58.93)
Valuation
P/E 5.33
Forward P/E 8.20
Price / sales 1.33
Forward P/S Powerpack
Price / FCF 7.20
Price / book 1.15
Financial health
Current ratio Q 5.73 (at or above 1.5: strong)
Debt / equity Q 0.36 (at or below 0.5: strong)
Interest coverage Q 31.81
Growth
Revenue growth Q +35.13% (above 0%: growing)
Operating income growth Q +123.10% (above 0%: growing)
EPS, this year +11.32%
EPS, next year A −1.11% (below 0%: weak)
Revenue, next year A +17.91% (at or above 10%: strong)
EPS, past 5 yrs +10.34%
EPS, next 5 yrs A +9.36%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.1×, against a ten-year median of 1.2×; over the ten years it ranged from 0.4× in 2016 to 4.5× in 2023.
P/E against its own 10 years 18.71%
10-year low 10-year high
P/S against its own 10 years 52.29%
10-year low 10-year high
P/B against its own 10 years 66.12%
10-year low 10-year high
EV/Sales against its own 10 years 39.49%
10-year low 10-year high
EV/FCF against its own 10 years 2.45%
10-year low 10-year high

Dividends

Yield
2.63%
Annual rate
0.56
Payout ratio
14.0%
Growth, 2017–25
+3.90%/yr
  1. 0.41 ’17
  2. 0.34 ’18 −17
  3. 0.28 ’19 −20
  4. 0.34 ’20 +22
  5. 0.50 ’21 +49
  6. 0.70 ’22 +40
  7. 0.56 ’23 −20
  8. 0.56 ’24 +0
  9. 0.56 ’25 +0
  10. 0.51 ’26e −10
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 7 4 42 174
Receivables 11 13 12 8
Inventory 20 24 27 28
Other 14 14 — —
54 61 95 226
2023 2024 2025 Q'26
Payables 21 27 32 28
ST’ Debt 18 14 19 6
Other 1 1 1 1
40 45 60 39

Compound Annual Growth %

10y 5y 3y
Sales 18.51% 21.76% 23.50%
Cash Flow 27.21% 19.75% 21.39%
Earnings 27.57% 21.86% 44.96%
Book Value 18.86% 12.40% 13.59%

EPS $

Mar Jun Sep Dec Year
’26 0.80 1.36 — — —
’25 0.45 1.06 0.77 — 2.83
’24 0.11 0.43 0.12 0.30 0.91
’23 (0.30) (0.01) 0.21 (0.19) (0.44)
’22 0.45 0.88 0.64 (0.63) 1.35
’21 0.37 0.21 0.57 0.33 1.48
’20 0.71 0.43 0.37 0.24 1.73
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 66 76 — — —
’25 56 65 71 — 268
’24 39 50 47 48 183
’23 29 37 41 39 146
’22 35 37 36 34 142
’21 26 30 33 32 121
’20 24 23 25 28 100
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 19 29 — — —
’25 13 28 14 — 76
’24 5 19 5 13 42
’23 (1) (2) 14 3 15
’22 10 17 9 7 43
’21 2 13 7 9 31
’20 10 4 5 12 31
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 12 18 — — —
’25 5 16 6 — 40
’24 1 11 (2) 1 11
’23 (6) (8) 4 (6) (16)
’22 0 3 (2) (3) (1)
’21 (5) 5 (2) (5) (7)
’20 5 1 (3) 0 3
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 62 70 68 76 100 121 142 146 183 268 279 +17.6% 316 336 416 +15.8%
Gross margin, % 37.90 37.73 31.56 41.07 46.66 44.57 43.51 28.35 42.07 51.23 50.86 +13.3 pt
EBT 19 21 21 61 40 38 40 8 41 107 132 +21.3%
EBT margin, % 30.33 29.51 31.00 80.04 40.43 31.32 27.90 5.45 22.15 39.81 47.20 +9.5 pt
Net income 11 21 21 61 41 38 40 11 44 110 72 +29.0%
Per share, $
Per share, $ Revenue 5.93 6.58 6.45 7.15 8.54 9.97 11.07 7.86 9.53 13.89 15.94 +9.9%
Earnings 0.80 0.86 0.99 3.82 1.73 1.49 1.36 (0.44) 0.91 2.83 3.99 +15.1%
Cash flow 2.20 2.31 1.67 1.70 2.65 2.54 3.32 0.79 2.19 3.95 5.11 +6.7%
Capex (1.90) (2.04) (1.90) (1.89) (2.38) (3.11) (3.44) (1.63) (1.63) (1.87) (2.15) (0.2%)
Free cash flow 0.30 0.27 (0.24) (0.19) 0.27 (0.57) (0.11) (0.84) 0.55 2.08 2.95 +24.1%
Book value 5.67 6.52 7.43 11.76 13.50 14.84 15.08 12.04 12.21 14.71 18.49 +11.2%
Shares, m 10 11 11 11 12 12 13 19 19 19 19 +7.0%
Valuation, ×
Valuation, × P/E 7.25 9.02 5.36 2.20 9.07 7.88 9.38 0.00 9.80 10.14 5.33 7.0
P/S 0.98 1.15 0.81 1.18 1.86 1.17 1.15 1.59 0.99 2.14 1.33 1.3
P/B 1.02 1.16 0.71 0.72 1.18 0.79 0.85 1.04 0.77 1.81 1.15 1.0
EV/Sales 0.80 1.00 0.80 1.09 1.66 1.04 1.14 1.71 1.10 2.07 1.12 1.2
EV/FCF 15.76 24.18 (21.68) (42.14) 53.23 (18.19) (109.72) (16.03) 18.84 18.26 6.06 (7.7)
Cash, $m
Cash, $m Operating cash flow 23 25 18 18 31 31 43 15 42 76 89 +14.2%
Capex (20) (22) (20) (20) (28) (38) (44) (30) (31) (36) (38) +6.8%
Free cash flow 3 3 (3) (2) 3 (7) (1) (16) 11 40 52 +32.8%
Balance, $m
Balance, $m Working capital 16 12 16 20 35 35 6 14 16 35 187 +9.0%
Net debt (11) (11) (5) (7) (20) (16) (2) 17 20 (17) (59) +4.7%
Shareholders’ equity 59 69 79 125 158 181 193 224 234 284 324 +19.0%
Returns, %
Returns, % ROA 10.43 9.35 9.13 31.21 12.63 9.30 8.03 (2.88) 5.18 14.35 15.82 +3.9 pt
ROIC 24.73 22.24 18.20 32.20 18.52 14.56 13.13 2.83 10.73 25.72 32.26 +1.0 pt
ROE 15.55 14.60 14.55 41.29 14.35 10.68 9.57 (3.89) 7.64 21.05 25.72 +5.5 pt
People
People Employees 782 1,429 1,465 1,586 1,718 1,949 2,147 2,332 2,204 2,357 — +13.0%
Revenue/emp, $m 0.08 0.05 0.05 0.05 0.06 0.06 0.07 0.06 0.08 0.11 — +4.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Caledonia Mining Corporation PLC vs peers in Gold (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NFGC New Found Gold Corp. $631.7M — (loss-making) — — n/m −108.07% (below 0%: shrinking) 12.96% (109.76%) Compare
GAU Galiano Gold Inc. $554.6M 7.7× 3.1× +116.69% (above 0%: growing) +242.86% (above 0%: growing) −414.66% (below 0%: shrinking) 70.07% 49.18% Compare
GORO Gold Resource Corporation $498.1M 54.2× — (loss-making) +293.48% (above 0%: growing) n/m +48.03% (above 0%: growing) 29.51% 8.50% Compare
CTGO Contango Silver & Gold Inc. $497.6M — (loss-making) — — −88.89% (below 0%: shrinking) −209.25% (below 0%: shrinking) 0.00% 0.00% Compare
CMCL Caledonia Mining Corporation PLC $410.5M 5.3× 8.2× +35.13% (above 0%: growing) +202.22% (above 0%: growing) +267.89% (above 0%: growing) 51.61% 54.94%
AUXX Gold X2 Mining Inc. $395.7M — — — — — — — Compare
THM International Tower Hill Mines Ltd $316.6M — (loss-making) — — n/m −36.56% (below 0%: shrinking) 0.00% 0.00% Compare
IDR Idaho Strategic Resources, Inc. $309.7M 13.5× 14.1× +13.25% (above 0%: growing) +15.00% (above 0%: growing) −294.99% (below 0%: shrinking) 56.20% 34.13% Compare
TRX TRX Gold Corporation $308.4M — (loss-making) — (loss-making) +163.33% (above 0%: growing) n/m +88.08% (above 0%: growing) 59.21% 47.81% Compare
Median of peers $446.6M 13.5× — +140.01% +15.00% −108.07% 29.51% 8.50%

All 46 Gold stocks →

Caledonia Mining Corporation PLC (CMCL) Latest News

5 Nov

Impact 4 · · ACCESS Newswire
Impact 3 · · mining-technology.com
Impact 3 · · Proactive
Impact 3 · · Proactive Investors

31 Oct

Impact 3 · · The Motley Fool

19 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · ACCESS Newswire

16 Oct

Impact 3 · · ACCESS Newswire

15 Oct

Impact 3 · · ACCESS Newswire

13 Oct

Impact 3 · · ACCESS Newswire

9 Oct

Impact 4 · · Proactive Investors
Impact 3 · · ACCESS Newswire

4 Oct

Impact 4 · · MarketBeat

24 Sep

Impact 3 ·

23 Sep

Impact 3 ·

22 Sep

Impact 3 · · ACCESS Newswire

14 Sep

Impact 3 ·

28 Aug

Impact 4 ·
Impact 4 · · Proactive Investors
Impact 4 · · Proactive Investors
Impact 4 ·
Impact 4 ·
Impact 3 ·

27 Aug

Impact 4 ·

17 Aug

Impact 3 · · The Motley Fool transcript

10 Aug

Impact 3 · · MarketBeat
Impact 3 ·
Impact 3 ·

5 Aug

Impact 4 ·
stockrow.com/CMCL · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com