Collective Mining Ltd. (CNL) vs Mako Mining Corp. (MAKO)

Collective Mining Ltd. and Mako Mining Corp. are both Gold companies. Collective Mining Ltd. is the larger, with a market value of $1.1B against $685.1M — 1.6× the size. Collective Mining Ltd. has negative trailing earnings, so its P/E is not meaningful; Mako Mining Corp. trades at 13.0×. Mako Mining Corp. has the higher net margin (25.1% vs 0.00%) and the higher return on invested capital (67.3% vs −152.6%). Across the 13 metrics below, Mako Mining Corp. leads on 12 and Collective Mining Ltd. on 1.

Valuation

Metric CNL MAKO Gold median
P/E n/m 13.03 17.98
P/S n/m 3.31 3.83
P/B 10.03 3.63 2.42
Price to free cash flow n/m 12.16 15.50
EV/EBITDA n/m 6.17 6.72
EV/Sales n/m 2.80 3.73
Earnings yield (5.10%) 7.67% 1.19%
Free cash flow yield (5.28%) 8.22% 0.81%

Profitability

Metric CNL MAKO Gold median
Gross margin — 53.27% 49.13%
Operating margin 0.00% 40.31% 21.90%
Net margin 0.00% 25.11% 9.65%
Free cash flow margin 0.00% 27.18% 0.00%
Return on equity (60.81%) 36.63% 0.12%
Return on assets (44.61%) 23.82% 0.10%
Return on invested capital (152.61%) 67.34% 0.26%

Growth

Metric CNL MAKO Gold median
Revenue growth (TTM) — 81.74% 68.15%
EPS growth (last fiscal year) (75.76%) 56.04% 60.15%
Revenue growth, 5-year CAGR — — 15.33%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric CNL MAKO Gold median
Debt to equity 0.01 0.00 0.03
Current ratio 3.99 3.11 3.34
Net debt to EBITDA 2.51 (1.26) (0.15)

Dividend

Metric CNL MAKO Gold median
Dividend yield — — 0.79%
Payout ratio — — 0.15

Size

Metric CNL MAKO Gold median
Market cap 1.08b 685.11m 1.12b

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