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- Caledonia Mining Corporation
Caledonia Mining Corporation Valuation Multiples
Discover revenue and EBITDA valuation multiples for Caledonia Mining Corporation and similar public comparables like Lindian Resources, Corporación Aceros Arequipa, Troax Group, Metals Exploration and more.
Caledonia Mining Corporation Overview
About Caledonia Mining Corporation
Caledonia Mining Corp PLC is a gold exploration, development, and mining company. The company's segment includes Blanket, South Africa, Bilboes Oxide mine, and E&E projects. The company generates the majority of its revenue from the Blanket project. The Blanket Mine is located in the south-west of Zimbabwe and operates at a depth of approximately 750 meters below the surface. The company's project includes Maligreen and Motapa.
Founded
1992
HQ

Employees
721
Website
Sectors
Financials (LTM)
EV
$605M
Caledonia Mining Corporation Financials
Caledonia Mining Corporation reported last 12-month revenue of $287M and EBITDA of $137M.
In the same LTM period, Caledonia Mining Corporation generated $177M in gross profit, $137M in EBITDA, and $66M in net income.
Caledonia Mining Corporation P&L
In the most recent fiscal year, Caledonia Mining Corporation reported revenue of $183M and EBITDA of $60M.
Caledonia Mining Corporation expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $287M | XXX | $183M | XXX | XXX | XXX |
| Gross Profit | $177M | XXX | $77M | XXX | XXX | XXX |
| Gross Margin | 62% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $137M | XXX | $60M | XXX | XXX | XXX |
| EBITDA Margin | 48% | XXX | 33% | XXX | XXX | XXX |
| EBIT Margin | 42% | XXX | 31% | XXX | XXX | XXX |
| Net Profit | $66M | XXX | $18M | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | — | — | $21M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Caledonia Mining Corporation Stock Performance
Caledonia Mining Corporation has current market cap of $615M, and enterprise value of $605M.
Caledonia Mining Corporation's stock price is $31.87.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $605M | $615M | — | XXX | XXX | XXX | $0.93 |
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Start Free TrialCaledonia Mining Corporation Valuation Multiples
Caledonia Mining Corporation trades at 2.1x EV/Revenue multiple, and 4.4x EV/EBITDA.
Caledonia Mining Corporation Financial Valuation Multiples
As of March 29, 2026, Caledonia Mining Corporation has market cap of $615M and EV of $605M.
Equity research analysts estimate Caledonia Mining Corporation's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Caledonia Mining Corporation has a P/E ratio of 9.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $615M | XXX | $615M | XXX | XXX | XXX |
| EV (current) | $605M | XXX | $605M | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | 3.3x | XXX | XXX | XXX |
| EV/EBITDA | 4.4x | XXX | 10.1x | XXX | XXX | XXX |
| EV/EBIT | 5.0x | XXX | 10.7x | XXX | XXX | XXX |
| EV/Gross Profit | 3.4x | XXX | 7.9x | XXX | XXX | XXX |
| P/E | 9.3x | XXX | 34.4x | XXX | XXX | XXX |
| EV/FCF | 19.5x | XXX | 56.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Caledonia Mining Corporation Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Caledonia Mining Corporation Margins & Growth Rates
Caledonia Mining Corporation's revenue in the last 12 month grew by 20%.
Caledonia Mining Corporation's revenue per employee in the last FY averaged $0.4M.
Caledonia Mining Corporation's rule of 40 is 68% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Caledonia Mining Corporation's rule of X is 98% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Caledonia Mining Corporation Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | 46% | XXX | XXX | XXX |
| EBITDA Margin | 48% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | 21% | XXX | 113% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 68% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 98% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 7% | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 11% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Caledonia Mining Corporation Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Lindian Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Corporación Aceros Arequipa | XXX | XXX | XXX | XXX | XXX | XXX |
| Troax Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Metals Exploration | XXX | XXX | XXX | XXX | XXX | XXX |
| Santana Minerals | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Caledonia Mining Corporation M&A Activity
Caledonia Mining Corporation acquired XXX companies to date.
Last acquisition by Caledonia Mining Corporation was on XXXXXXXX, XXXXX. Caledonia Mining Corporation acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Caledonia Mining Corporation
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCaledonia Mining Corporation Investment Activity
Caledonia Mining Corporation invested in XXX companies to date.
Caledonia Mining Corporation made its latest investment on XXXXXXXX, XXXXX. Caledonia Mining Corporation invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Caledonia Mining Corporation
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Caledonia Mining Corporation
| When was Caledonia Mining Corporation founded? | Caledonia Mining Corporation was founded in 1992. |
| Where is Caledonia Mining Corporation headquartered? | Caledonia Mining Corporation is headquartered in Zimbabwe. |
| How many employees does Caledonia Mining Corporation have? | As of today, Caledonia Mining Corporation has over 721 employees. |
| Is Caledonia Mining Corporation publicly listed? | Yes, Caledonia Mining Corporation is a public company listed on NYSE American. |
| What is the stock symbol of Caledonia Mining Corporation? | Caledonia Mining Corporation trades under CMCL ticker. |
| When did Caledonia Mining Corporation go public? | Caledonia Mining Corporation went public in 1984. |
| Who are competitors of Caledonia Mining Corporation? | Caledonia Mining Corporation main competitors are Lindian Resources, Corporación Aceros Arequipa, Troax Group, Metals Exploration. |
| What is the current market cap of Caledonia Mining Corporation? | Caledonia Mining Corporation's current market cap is $615M. |
| What is the current revenue of Caledonia Mining Corporation? | Caledonia Mining Corporation's last 12 months revenue is $287M. |
| What is the current revenue growth of Caledonia Mining Corporation? | Caledonia Mining Corporation revenue growth (NTM/LTM) is 20%. |
| What is the current EV/Revenue multiple of Caledonia Mining Corporation? | Current revenue multiple of Caledonia Mining Corporation is 2.1x. |
| Is Caledonia Mining Corporation profitable? | Yes, Caledonia Mining Corporation is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Caledonia Mining Corporation? | Caledonia Mining Corporation's last 12 months EBITDA is $137M. |
| What is Caledonia Mining Corporation's EBITDA margin? | Caledonia Mining Corporation's last 12 months EBITDA margin is 48%. |
| What is the current EV/EBITDA multiple of Caledonia Mining Corporation? | Current EBITDA multiple of Caledonia Mining Corporation is 4.4x. |
| What is the current FCF of Caledonia Mining Corporation? | Caledonia Mining Corporation's last 12 months FCF is $31M. |
| What is Caledonia Mining Corporation's FCF margin? | Caledonia Mining Corporation's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of Caledonia Mining Corporation? | Current FCF multiple of Caledonia Mining Corporation is 19.5x. |
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