CMCL Relative Valuation - Caledonia Mining Corporation PLC - Alpha Spread
C

Caledonia Mining Corporation PLC
LSE:CMCL

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Caledonia Mining Corporation PLC
LSE:CMCL
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Price: 1 015 GBX Market Closed
Market Cap: 194.9m GBX
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Relative Value

The Relative Value of one CMCL stock under the Base Case scenario is 2 242.29 GBX. Compared to the current market price of 1 015 GBX, Caledonia Mining Corporation PLC is Undervalued by 55%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

CMCL Relative Value
Base Case
2 242.29 GBX
Undervaluation 55%
Relative Value
Price
C
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
31
vs Industry
54
Median 3Y
1.4
Median 5Y
1.4
Industry
1.7
Forward
0
vs History
9
vs Industry
Median 3Y
8
Median 5Y
7.9
Industry
15.6
Forward
0.1
vs History
39
vs Industry
11
Median 3Y
4.6
Median 5Y
5.2
Industry
8.9
vs History
23
vs Industry
Median 3Y
-22.6
Median 5Y
-16.6
Industry
14.6
vs History
25
vs Industry
56
Median 3Y
0.9
Median 5Y
0.9
Industry
1.4
vs History
19
vs Industry
29
Median 3Y
4.5
Median 5Y
-9.9
Industry
2.1
Forward
0.1
vs History
9
vs Industry
8
Median 3Y
9.9
Median 5Y
-20.3
Industry
7.1
vs History
14
vs Industry
2
Median 3Y
11.8
Median 5Y
-23.3
Industry
10
Forward
0.3
vs History
14
vs Industry
2
Median 3Y
15
Median 5Y
-25.6
Industry
12.9
Forward
0.3
vs History
19
vs Industry
2
Median 3Y
17.5
Median 5Y
-32
Industry
10.2
vs History
38
vs Industry
Median 3Y
126.5
Median 5Y
-74.5
Industry
13
vs History
14
vs Industry
11
Median 3Y
2.1
Median 5Y
-5.6
Industry
1.3

Multiples Across Competitors

CMCL Competitors Multiples
Caledonia Mining Corporation PLC Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
JE
Caledonia Mining Corporation PLC
LSE:CMCL
194.9m GBP 1.6 21.7 23.9 33.4
RU
Polyus PJSC
LSE:PLZL
70.4T USD 13 542.1 42 145.8 23 250.6 26 681.6
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
111.5B Zac 0 0 0 0
US
Newmont Corporation
NYSE:NEM
62.7B USD 4.2 -31.7 15.4 33.5
CN
Zijin Mining Group Co Ltd
SSE:601899
422.1B CNY 1.4 16.3 13.8 13.8
CA
Agnico Eagle Mines Ltd
NYSE:AEM
41.6B USD 5.7 67.4 11.2 19.1
CA
Barrick Gold Corp
TSX:ABX
48.4B CAD 3 23.6 6.9 11.3
CA
Wheaton Precious Metals Corp
NYSE:WPM
28.4B USD 25.1 49.7 33.3 46.5
CA
Franco-Nevada Corp
NYSE:FNV
24.7B USD 21.8 -42.3 24.6 33.4
RU
Polyus PAO
MOEX:PLZL
1.8T RUB 3.9 12 5.6 6.4
AU
Newcrest Mining Ltd
ASX:NCM
20.8B AUD 3.1 18.2 7.5 13.3

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