Caledonia Mining Corporation
Caledonia Mining Corporation Plc primarily operates a gold mine in Jersey. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabw… Read more
Caledonia Mining Corporation (CMCL) - Net Assets
Latest net assets as of September 2025: $276.47 Million USD
Based on the latest financial reports, Caledonia Mining Corporation (CMCL) has net assets worth $276.47 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($393.26 Million) and total liabilities ($116.79 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $276.47 Million |
| % of Total Assets | 70.3% |
| Annual Growth Rate | 9.94% |
| 5-Year Change | 48.35% |
| 10-Year Change | 365.57% |
| Growth Volatility | 57.34 |
Caledonia Mining Corporation - Net Assets Trend (1989–2024)
This chart illustrates how Caledonia Mining Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Caledonia Mining Corporation (1989–2024)
The table below shows the annual net assets of Caledonia Mining Corporation from 1989 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $234.46 Million | +4.58% |
| 2023-12-31 | $224.20 Million | +42.18% |
| 2022-12-31 | $157.69 Million | +3.43% |
| 2021-12-31 | $152.46 Million | -3.53% |
| 2020-12-31 | $158.04 Million | +26.72% |
| 2019-12-31 | $124.72 Million | +58.25% |
| 2018-12-31 | $78.81 Million | +13.87% |
| 2017-12-31 | $69.21 Million | +16.68% |
| 2016-12-31 | $59.32 Million | +17.78% |
| 2015-12-31 | $50.36 Million | -0.12% |
| 2014-12-31 | $50.42 Million | +3.30% |
| 2013-12-31 | $48.81 Million | -12.69% |
| 2012-12-31 | $55.91 Million | +42.66% |
| 2011-12-31 | $39.19 Million | +108.03% |
| 2010-12-31 | $18.84 Million | +17.83% |
| 2009-12-31 | $15.99 Million | -8.20% |
| 2008-12-31 | $17.42 Million | -28.42% |
| 2007-12-31 | $24.33 Million | +16.54% |
| 2006-12-31 | $20.88 Million | +25.17% |
| 2005-12-31 | $16.68 Million | -9.60% |
| 2004-12-31 | $18.45 Million | +33.54% |
| 2003-12-31 | $13.82 Million | -5.11% |
| 2002-12-31 | $14.56 Million | +9.11% |
| 2001-12-31 | $13.35 Million | -6.84% |
| 2000-12-31 | $14.33 Million | +188.17% |
| 1999-12-31 | $4.97 Million | -24.26% |
| 1998-12-31 | $6.56 Million | -83.72% |
| 1997-12-31 | $40.32 Million | -52.24% |
| 1996-12-31 | $84.43 Million | +25.08% |
| 1995-12-31 | $67.50 Million | +75.87% |
| 1994-12-31 | $38.38 Million | +231.64% |
| 1993-12-31 | $11.57 Million | -9.31% |
| 1992-12-31 | $12.76 Million | +45.16% |
| 1991-12-31 | $8.79 Million | -3.25% |
| 1990-12-31 | $9.09 Million | +6.76% |
| 1989-12-31 | $8.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Caledonia Mining Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 8478906961.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $165.41 Million | 77.34% |
| Other Comprehensive Income | $-10.53 Million | -4.92% |
| Other Components | $148.99 Million | 69.66% |
| Total Equity | $213.88 Million | 100.00% |
Caledonia Mining Corporation Competitors by Market Cap
The table below lists competitors of Caledonia Mining Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangzhou Pearl River Industrial Development Co Ltd
SHG:600684
|
$369.69 Million |
|
Select Harvests Ltd
PINK:SHVTF
|
$369.69 Million |
|
Instone Real Estate Group AG
XETRA:INS
|
$369.81 Million |
|
Nantong Chaoda Equipment Co.Ltd.
SHE:301186
|
$369.85 Million |
|
Development Investment Construction JSC
VN:DIG
|
$369.49 Million |
|
Archi Indonesia Tbk PT
JK:ARCI
|
$369.45 Million |
|
Jiangsu Jiangnan High Polymer Fiber Co Ltd
SHG:600527
|
$369.42 Million |
|
Kelsian Group Ltd
AU:KLS
|
$369.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Caledonia Mining Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 205,744,000 to 213,877,000, a change of 8,133,000 (4.0%).
- Net income of 17,899,000 contributed positively to equity growth.
- Dividend payments of 12,302,000 reduced retained earnings.
- Other comprehensive income decreased equity by 116,000.
- Other factors increased equity by 2,652,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.90 Million | +8.37% |
| Dividends Paid | $12.30 Million | -5.75% |
| Other Comprehensive Income | $-116.00K | -0.05% |
| Other Changes | $2.65 Million | +1.24% |
| Total Change | $- | 3.95% |
Book Value vs Market Value Analysis
This analysis compares Caledonia Mining Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.39x to 2.23x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $63.83 | $24.85 | x |
| 1990-12-31 | $70.99 | $24.85 | x |
| 1991-12-31 | $76.92 | $24.85 | x |
| 1992-12-31 | $63.80 | $24.85 | x |
| 1993-12-31 | $48.22 | $24.85 | x |
| 1994-12-31 | $119.93 | $24.85 | x |
| 1995-12-31 | $108.99 | $24.85 | x |
| 1996-12-31 | $132.04 | $24.85 | x |
| 1997-12-31 | $60.70 | $24.85 | x |
| 1998-12-31 | $7.92 | $24.85 | x |
| 1999-12-31 | $3.48 | $24.85 | x |
| 2000-12-31 | $4.66 | $24.85 | x |
| 2001-12-31 | $3.89 | $24.85 | x |
| 2002-12-31 | $3.44 | $24.85 | x |
| 2003-12-31 | $2.74 | $24.85 | x |
| 2004-12-31 | $2.77 | $24.85 | x |
| 2005-12-31 | $2.58 | $24.85 | x |
| 2006-12-31 | $1.91 | $24.85 | x |
| 2007-12-31 | $2.37 | $24.85 | x |
| 2008-12-31 | $1.75 | $24.85 | x |
| 2009-12-31 | $1.60 | $24.85 | x |
| 2010-12-31 | $1.87 | $24.85 | x |
| 2011-12-31 | $3.84 | $24.85 | x |
| 2012-12-31 | $5.68 | $24.85 | x |
| 2013-12-31 | $4.70 | $24.85 | x |
| 2014-12-31 | $4.77 | $24.85 | x |
| 2015-12-31 | $4.68 | $24.85 | x |
| 2016-12-31 | $5.31 | $24.85 | x |
| 2017-12-31 | $5.96 | $24.85 | x |
| 2018-12-31 | $6.65 | $24.85 | x |
| 2019-12-31 | $10.09 | $24.85 | x |
| 2020-12-31 | $12.08 | $24.85 | x |
| 2021-12-31 | $11.30 | $24.85 | x |
| 2022-12-31 | $10.96 | $24.85 | x |
| 2023-12-31 | $11.04 | $24.85 | x |
| 2024-12-31 | $11.14 | $24.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Caledonia Mining Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.37%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.78%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.63x
- Recent ROE (8.37%) is above the historical average (-24.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | -2.35% | -66.67% | 0.03x | 1.01x | $-1.05 Million |
| 1991 | -4.55% | -80.00% | 0.05x | 1.03x | $-1.28 Million |
| 1992 | -2.36% | -23.08% | 0.09x | 1.09x | $-1.58 Million |
| 1993 | -10.34% | -200.00% | 0.05x | 1.06x | $-2.35 Million |
| 1994 | 0.26% | 1.00% | 0.12x | 2.11x | $-3.74 Million |
| 1995 | -9.17% | -27.91% | 0.24x | 1.39x | $-12.54 Million |
| 1996 | -3.32% | -31.40% | 0.08x | 1.36x | $-11.14 Million |
| 1997 | -102.47% | -523.42% | 0.11x | 1.71x | $-44.56 Million |
| 1998 | -553.85% | -325.16% | 0.31x | 5.58x | $-33.35 Million |
| 1999 | -119.05% | -51.02% | 0.44x | 5.27x | $-5.61 Million |
| 2000 | 35.82% | 110.10% | 0.27x | 1.21x | $3.56 Million |
| 2001 | -5.84% | -963.71% | 0.00x | 1.22x | $-2.04 Million |
| 2002 | -19.55% | -16041.09% | 0.00x | 1.12x | $-4.16 Million |
| 2003 | -84.72% | -2253.25% | 0.03x | 1.13x | $-12.55 Million |
| 2004 | -44.99% | -1186.56% | 0.04x | 1.07x | $-10.15 Million |
| 2005 | -49.97% | -366.39% | 0.12x | 1.15x | $-10.00 Million |
| 2006 | -22.50% | -40.30% | 0.43x | 1.29x | $-6.79 Million |
| 2007 | -19.15% | -45.97% | 0.34x | 1.22x | $-7.09 Million |
| 2008 | -23.31% | -64.19% | 0.33x | 1.10x | $-5.80 Million |
| 2009 | -23.59% | -34.17% | 0.52x | 1.32x | $-5.37 Million |
| 2010 | 11.98% | 10.08% | 0.81x | 1.46x | $372.74K |
| 2011 | 30.31% | 21.78% | 1.06x | 1.31x | $7.96 Million |
| 2012 | 15.19% | 11.59% | 1.05x | 1.25x | $2.99 Million |
| 2013 | -5.87% | -4.69% | 0.94x | 1.34x | $-7.76 Million |
| 2014 | 8.48% | 8.29% | 0.76x | 1.34x | $-754.70K |
| 2015 | 9.78% | 9.76% | 0.67x | 1.49x | $-106.70K |
| 2016 | 15.33% | 13.75% | 0.68x | 1.63x | $2.97 Million |
| 2017 | 14.83% | 13.45% | 0.63x | 1.74x | $3.06 Million |
| 2018 | 15.28% | 15.74% | 0.54x | 1.78x | $3.72 Million |
| 2019 | 38.76% | 55.41% | 0.53x | 1.32x | $31.18 Million |
| 2020 | 14.68% | 20.78% | 0.56x | 1.26x | $6.63 Million |
| 2021 | 12.64% | 14.34% | 0.58x | 1.53x | $3.63 Million |
| 2022 | 7.99% | 7.91% | 0.60x | 1.67x | $-2.84 Million |
| 2023 | -3.82% | -5.37% | 0.45x | 1.60x | $-28.44 Million |
| 2024 | 8.37% | 9.78% | 0.53x | 1.63x | $-3.49 Million |
Industry Comparison
This section compares Caledonia Mining Corporation's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Caledonia Mining Corporation (CMCL) | $276.47 Million | -2.35% | 0.42x | $369.54 Million |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |