CMCLCaledonia Mining Corporation Plc
Is the price fair?
Neither cheap nor expensive: nothing decisive, though at the top of its own P/E range.
Priced for ~12% a year FCF growth. Roughly in line with its three-year revenue growth of 15% a year.
Expensive vs its own history: P/E 28.0 vs a 8.4 median over 16 quarters (+235% vs median).
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What CMCL's price assumes
Caledonia Mining Corporation Plc trades at 28.0× earnings against 23.2× for the median Gold name, more expensive than its own group.
Trailing P/E · Gold median 23.2 · 1.21× the median: the market pays up for this one
- Price / sales
- 1.56
Price / sales · as of 2026-Q1
- Free cash flow yield
- 3.1%
Free cash flow yield · Gold median 3.9%
- Growth the price implies
- +12%
Growth the price implies · The price pays for +12% free cash flow growth a year for a decade; revenue has grown +15% a year over the last three.
Details›
- Price / bookas of 2026-Q1
- 1.60
- EV / EBITas of 2026-Q1
- 3.22
- EV / salesas of 2026-Q1
- 1.37
- Basic Materials median P/E203 names
- 21.2
- Gold median P/E37 names
- 23.2
- Free cash flow, trailing twelve months
- $14M
- Market capitalisation
- $471M
- 3-year revenue growth
- +15%
| Method | Per share |
|---|---|
| What its own history would imply | not meaningful, 28.0× today against a 8.36× median |
| 52-week range | $16.83 – $37.50 |
| Today | $24.38 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.