CAPRICORN METALS LIMITED (CMM)
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CMM - CAPRICORN METALS LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.5
Index: ASX200 | ASX300 | ALL-ORDS

Capricorn Metals is an Australian gold explorer and developer. Formerly listed as Malagasy Minerals in 2008, the company changed name in 2016 and is now focussed on its Karlawinda project in Western Australia.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.25

13 Sep
2024

0.560

OPEN

$6.01

9.84%

HIGH

$6.37

2,498,747

LOW

$6.00

TARGET
$6.597

+0.30 change from previous day

 5.5% upside
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . ADT . ALK . AMI . ASL . BC8 . BEZ . BGL . CAI . CEL . CNB . CVV . CYL . DEG . EMR . EVN . EVR . FFM . FFM . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MEI . NEM . NST . NVA . OBM . PDI . PNR . PRU . RED . RMS . RRL . RSG . RXL . RXM . SBM . SPR . SSR . STM . STN . SVL . TBR . TTM . WAF . WGX .
FNARENA'S MARKET CONSENSUS FORECASTS
CMM: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 23.1 35.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% 51.8% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 17.8 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx23.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx359.7 M
Book Value Per Share xxxxxxxxxxxxxxx81.9
Net Operating Cash Flow xxxxxxxxxxxxxxx158.2 M
Net Profit Margin xxxxxxxxxxxxxxx24.22 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx30.80 %
Return on Invested Capital xxxxxxxxxxxxxxx25.96 %
Return on Assets xxxxxxxxxxxxxxx13.80 %
Return on Equity xxxxxxxxxxxxxxx30.80 %
Return on Total Capital xxxxxxxxxxxxxxx37.39 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx124.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx60 M
Long Term Debt xxxxxxxxxxxxxxx24 M
Total Debt xxxxxxxxxxxxxxx84 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx121 M
Price To Book Value xxxxxxxxxxxxxxx5.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx65.6 M
Capex % of Sales xxxxxxxxxxxxxxx18.25 %
Cost of Goods Sold xxxxxxxxxxxxxxx218 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

06/09/2024

1

Buy

$6.49

3.84%

Bell Potter observes FY24 Capricorn Metals results were slightly below forecasts at the net profit level and in line for revenue.

Depreciation/amortisating charge came in lower than forecast, with record cashflows despite lower production.

The analyst points to changes in the accounting treatment for hedging which involved the buy-back of the partial hedge, thereby removing all the hedging commitments through FY25.

The company remains one of the lowest cost producers in the gold sector, the broker highlights. EPS forecasts are adjusted for the update, including accrued hedging costs by -29% in FY25 and -5% in FY26.

The target moves to $6.49 from $6.38. Buy rating unchanged.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 25.60 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 28.50 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Jarden

13/09/2024

1

Buy

$6.29

0.64%

There were few surprises within Capricorn Metals' FY24 results, notes Jarden, as key metrics were released during June quarter reporting, while FY25 guidance was reaffirmed.

The broker believes the board will take a final investment decision (FID) on Karlawinda in the 2H of FY25 to expand throughput by over 50% to 6.5-7.0mtpa.

The target rises to $6.29 from $6.28 and the Buy rating is kept.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 32.20 cents.
Jarden forecasts a full year FY26 dividend of 7.00 cents and EPS of 30.70 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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CMM STOCK CHART

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