Caledonia Mining Corporation
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
17.6914.499.22
Price/Sales ratio
1.811.921.41
Earnings per Share (EPS)
$1.32$1.61$2.54

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
7.536.606.998.355.172.158.947.718.88-54.1218.255.17
Price/Sales ratio
0.620.640.961.120.811.191.851.161.111.631.060.81
Price/Book Value ratio
0.630.641.071.230.790.831.310.870.930.940.710.83
Price/Cash Flow ratio
2.694.592.593.193.155.006.004.593.7315.385.583.15
Price/Free Cash Flow ratio
5.33-3.2519.0627.28-22.04-46.0559.52-20.48-107.86-14.5446.00-22.04
Price/Earnings Growth ratio
-0.030.520.090.940.270.00-0.16-0.55-1.470.46-0.440.00
Dividend Yield
10.76%7.93%5.02%4.22%6.28%3.75%2.44%5.68%5.59%4.88%5.99%5.99%
Profitability Indicator Ratios
Gross Profit Margin
34.65%26.91%37.89%37.72%31.56%41.06%46.65%44.56%43.50%29.83%38.11%31.56%
Operating Profit Margin
22.55%17.34%26.51%29.55%31.31%35.03%40.73%31.61%28.34%10.94%24.00%35.03%
Pretax Profit Margin
22.28%16.25%30.32%29.51%30.99%80.03%40.42%31.31%27.89%8.79%18.28%80.03%
Net Profit Margin
8.28%9.75%13.75%13.45%15.74%55.41%20.77%15.16%12.60%-3.02%5.76%55.41%
Effective Tax Rate
50.14%29.77%41.04%42.21%35.11%16.95%37.52%39.09%42.30%105.06%53.90%35.11%
Return on Assets
6.33%6.56%9.39%8.52%8.56%29.27%11.67%8.72%7.61%-1.27%2.84%29.27%
Return On Equity
8.48%9.78%15.33%14.83%15.27%38.75%14.68%11.41%10.46%-1.75%3.98%38.75%
Return on Capital Employed
18.63%13.18%20.32%21.82%18.87%19.87%24.25%19.85%19.86%5.26%13.50%19.87%
Liquidity Ratios
Current Ratio
6.382.802.621.782.303.024.47N/AN/AN/A1.443.02
Quick Ratio
5.072.081.881.201.531.892.781.810.610.840.891.89
Cash ratio
4.641.491.450.830.910.941.910.960.140.160.170.94
Days of Sales Outstanding
7.9031.5620.1625.9634.1023.6814.3724.1818.9629.1421.1423.68
Days of Inventory outstanding
71.5762.1068.4677.0973.5090.59114.93112.9483.3776.1679.9173.50
Operating Cycle
79.4893.6788.63103.05107.61114.28129.30137.13102.34105.30101.06114.28
Days of Payables Outstanding
9.5012.8127.0224.6919.5723.0712.9713.5815.9223.1278.3119.57
Cash Conversion Cycle
69.9780.8561.6078.3588.0491.21116.32123.5486.4182.1722.7491.21
Debt Ratios
Debt Ratio
N/A0.020.030.010.040.020.000.000.050.070.040.04
Debt Equity Ratio
N/A0.030.050.020.080.020.000.000.070.100.060.06
Long-term Debt to Capitalization
N/AN/A0.02N/A0.070.01N/AN/AN/A0.02N/A0.01
Total Debt to Capitalization
N/A0.030.050.020.070.020.000.000.060.090.050.05
Interest Coverage Ratio
-112.78-17.26-125.68-3.43K-107.10-342.07113.24N/AN/AN/A13.22-107.10
Cash Flow to Debt Ratio
N/A4.067.7013.642.966.0975.8834.833.450.592.016.09
Company Equity Multiplier
1.331.491.631.731.781.321.251.301.371.361.371.37
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.230.140.370.350.250.230.300.250.290.100.180.23
Free Cash Flow / Operating Cash Flow Ratio
0.50-1.410.130.11-0.14-0.100.10-0.22-0.03-1.050.12-0.14
Cash Flow Coverage Ratio
N/A4.067.7013.642.966.0975.8834.833.450.592.016.09
Short Term Coverage Ratio
N/A4.0616.3113.64N/A17.7275.8834.833.450.802.0117.72
Dividend Payout Ratio
81.15%52.39%35.11%35.27%32.48%8.07%21.85%43.84%49.74%-264.38%123.21%32.48%