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Stocks · Materials · Gold and Silver Ores

Caledonia Mining Corp Plc

CMCL Clue Score64
Fiscal year ends December CIK 0000766011
$23.75 -2.70% Close, 9 Oct 2026
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Price $23.75 +86.86% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 29 Jun 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue62.0Operating income19.0Net income8.5EPS, diluted0.79Fiscal year 2017Revenue69.8 +12.5%Operating income20.6Net income9.4 +10.1%EPS, diluted0.86 +8.9%Fiscal year 2018Revenue68.4 −2.0%Operating income21.4Net income10.8 +14.7%EPS, diluted0.99 +15.1%Fiscal year 2019Revenue75.8 +10.9%Operating income36.8Net income21.3 +97.9%EPS, diluted1.94 +96.0%Fiscal year 2020Revenue100.0 +31.9%Operating income35.9Net income18.9 −11.5%EPS, diluted1.57 −19.1%Fiscal year 2021Revenue121.3 +21.3%Operating income36.1Net income17.4 −7.8%EPS, diluted1.40 −10.8%Fiscal year 2022Revenue142.1 +17.1%Operating income30.2Net income11.2 −35.4%EPS, diluted0.85 −39.3%Fiscal year 2023Revenue146.3 +3.0%Operating income11.0Net income−7.9 −170.0%EPS, diluted−0.44 −151.8%Fiscal year 2024Revenue183.0 +25.1%Operating income43.7Net income17.9EPS, diluted0.91
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue 62.0 69.8 68.4 75.8 100.0 121.3 142.1 146.3 183.0
Growth +12.5% −2.0% +10.9% +31.9% +21.3% +17.1% +3.0% +25.1%
Operating income 19.0 20.6 21.4 36.8 35.9 36.1 30.2 11.0 43.7
Net income 8.5 9.4 10.8 21.3 18.9 17.4 11.2 −7.9 17.9
Growth +10.1% +14.7% +97.9% −11.5% −7.8% −35.4% −170.0%
EPS, diluted 0.79 0.86 0.99 1.94 1.57 1.40 0.85 −0.44 0.91
Growth +8.9% +15.1% +96.0% −19.1% −10.8% −39.3% −151.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin37.9%Operating margin30.6%Net margin13.8%Free cash flow margin5.0%Fiscal year 2017Gross margin37.7%Operating margin29.6%Net margin13.5%Free cash flow margin4.1%Fiscal year 2018Gross margin31.6%Operating margin31.3%Net margin15.7%Free cash flow margin−3.7%Fiscal year 2019Gross margin41.1%Operating margin48.5%Net margin28.1%Free cash flow margin−2.4%Fiscal year 2020Gross margin46.7%Operating margin35.9%Net margin18.9%Free cash flow margin5.9%Fiscal year 2021Gross margin44.6%Operating margin29.8%Net margin14.3%Free cash flow margin−1.0%Fiscal year 2022Gross margin43.5%Operating margin21.2%Net margin7.9%Free cash flow margin0.8%Fiscal year 2023Gross margin28.4%Operating margin7.5%Net margin−5.4%Free cash flow margin−9.4%Fiscal year 2024Gross margin42.1%Operating margin23.9%Net margin9.8%Free cash flow margin7.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Gross margin 37.9% 37.7% 31.6% 41.1% 46.7% 44.6% 43.5% 28.4% 42.1%
Operating margin 30.6% 29.6% 31.3% 48.5% 35.9% 29.8% 21.2% 7.5% 23.9%
Net margin 13.8% 13.5% 15.7% 28.1% 18.9% 14.3% 7.9% −5.4% 9.8%
Free cash flow margin 5.0% 4.1% −3.7% −2.4% 5.9% −1.0% 0.8% −9.4% 7.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow23.0Capital expenditure−19.9Free cash flow3.1Dividends paid−3.0Fiscal year 2017Operating cash flow24.5Capital expenditure−21.6Free cash flow2.9 −8.1%Dividends paid−3.3Fiscal year 2018Operating cash flow17.7Capital expenditure−20.2Free cash flow−2.5 −187.9%Dividends paid−3.5Fiscal year 2019Operating cash flow18.1Capital expenditure−19.9Free cash flow−1.8Dividends paid−3.4Fiscal year 2020Operating cash flow31.0Capital expenditure−25.1Free cash flow5.9Dividends paid−4.5Fiscal year 2021Operating cash flow30.9Capital expenditure−32.1Free cash flow−1.2 −120.6%Dividends paid−8.1Fiscal year 2022Operating cash flow42.6Capital expenditure−41.5Free cash flow1.1Dividends paid−8.9Fiscal year 2023Operating cash flow14.8Capital expenditure−28.6Free cash flow−13.8 −1,329.9%Dividends paid−11.1Fiscal year 2024Operating cash flow42.0Capital expenditure−27.5Free cash flow14.5Dividends paid−12.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Operating cash flow 23.0 24.5 17.7 18.1 31.0 30.9 42.6 14.8 42.0
Capital expenditure −19.9 −21.6 −20.2 −19.9 −25.1 −32.1 −41.5 −28.6 −27.5
Free cash flow 3.1 2.9 −2.5 −1.8 5.9 −1.2 1.1 −13.8 14.5
Growth −8.1% −187.9% −120.6% −1,329.9%
Dividends paid −3.0 −3.3 −3.5 −3.4 −4.5 −8.1 −8.9 −11.1 −12.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash14.3Total debt1.6Net cash (debt)12.8Shareholders’ equity55.6Debt to equity0.03Fiscal year 2017Cash13.1Shareholders’ equity63.3Fiscal year 2018Cash11.2Total debt6.0Net cash (debt)5.2Shareholders’ equity70.5Debt to equity0.08Fiscal year 2019Cash9.4Total debt1.9Net cash (debt)7.4Shareholders’ equity87.7Debt to equity0.02Fiscal year 2020Cash19.1Total debt0.0Net cash (debt)19.1Shareholders’ equity118.9Debt to equity0.00Fiscal year 2021Cash17.2Total debt0.0Net cash (debt)17.2Shareholders’ equity137.7Debt to equity0.00Fiscal year 2022Cash6.7Total debt0.0Net cash (debt)6.7Shareholders’ equity140.7Debt to equity0.00Fiscal year 2023Cash6.7Total debt0.0Net cash (debt)6.7Shareholders’ equity205.7Debt to equity0.00Fiscal year 2024Cash4.3Shareholders’ equity213.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash 14.3 13.1 11.2 9.4 19.1 17.2 6.7 6.7 4.3
Total debt 1.6 n/a 6.0 1.9 0.0 0.0 0.0 0.0 n/a
Net cash (debt) 12.8 n/a 5.2 7.4 19.1 17.2 6.7 6.7 n/a
Shareholders’ equity 55.6 63.3 70.5 87.7 118.9 137.7 140.7 205.7 213.9
Debt to equity 0.03 n/a 0.08 0.02 0.00 0.00 0.00 0.00 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2024 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024
Revenue and profit
62.0 69.8 68.4 75.8 100.0 121.3 142.1 146.3 183.0
Growth +12.5% −2.0% +10.9% +31.9% +21.3% +17.1% +3.0% +25.1%
32.1 36.2 39.3 36.4 43.7 53.1 63.0 82.7 80.7
23.5 26.3 21.6 31.1 46.7 54.1 61.8 41.5 77.0
Growth +12.0% −18.0% +44.2% +49.8% +15.9% +14.3% −32.9% +85.6%
19.0 20.6 21.4 36.8 35.9 36.1 30.2 11.0 43.7
Growth +8.6% +3.9% +71.8% −2.5% +0.7% −16.5% −63.7% +298.7%
18.8 20.6 21.2 36.6 35.6 35.8 29.5 8.0 40.5
7.7 8.7 7.4 10.9 12.5 13.8 14.4 12.8 17.5
8.5 9.4 10.8 21.3 18.9 17.4 11.2 −7.9 17.9
Growth +10.1% +14.7% +97.9% −11.5% −7.8% −35.4% −170.0%
Per share
0.79 0.86 0.99 1.94 1.57 1.40 0.85 −0.44 0.91
0.79 0.86 0.99 1.94 1.57 1.40 0.85 −0.44 0.91
Growth +8.9% +15.1% +96.0% −19.1% −10.8% −39.3% −151.8%
10.5 10.6 10.6 10.7 11.7 12.2 12.8 18.6 19.2
10.5 10.6 10.6 10.7 11.7 12.2 12.8 18.6 19.2
Growth +1.3% −0.1% +1.4% +9.0% +3.9% +5.4% +45.1% +3.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 19.3% a year over five years, and earnings per share fell 14.0% a year.
  • The diluted share count rose 78.7% in five years, which is dilution.
  • Operating margin is down 24.7 points on five years ago, at 23.9%.
  • A net loss in 1 of 9 years on file.