Collective Mining Ltd. (NYSE: CNL)

Sector: Basic Materials Industry: Gold CIK: 0001953575
Market Cap 1.25 Bn
P/B 20.48
P/E -27.21
P/S 0.00
ROIC (Qtr) -50.60
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 1.72 Mn
Debt/Equity (Qtr) 0.03

About

Price action

Investment thesis

Bull case

  • Healthy cash reserves of 52.93M provide 87.65x coverage of short-term debt 603885, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 78.32M provides 45.47x coverage of total debt 1.72M, indicating robust asset backing and low credit risk.
  • Tangible assets of 78.32M provide robust 18.75x coverage of other current liabilities 4.18M, indicating strong asset backing.
  • Cash reserves of 52.93M provide robust 4.52x coverage of current liabilities 11.71M, indicating strong short-term solvency.
  • Strong cash position of 52.93M provides 12.67x coverage of other current liabilities 4.18M, indicating excellent liquidity.

Bear case

  • Investment activities of (8.09M) provide weak support for R&D spending of 25.63M, which is -0.32x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (28.71M) shows concerning coverage of stock compensation expenses of 2.11M, with a -13.58 ratio indicating potential earnings quality issues.
  • Free cash flow of (36.74M) provides weak coverage of capital expenditures of 8.03M, with a -4.57 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (45.50M) show weak coverage of depreciation charges of 671300, with a -67.78 ratio indicating high capital intensity and potential reinvestment needs.
  • High financing cash flow of 75.18M relative to working capital of 42.61M, which is 1.76x suggests concerning dependence on external funding for operational needs.

Peer comparison

Companies in the Gold
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 NEM NEWMONT Corp /DE/ 121.63 Bn 16.92 5.66 5.65 Bn
2 AEM Agnico Eagle Mines Ltd 96.06 Bn 27.86 9.09 0.34 Bn
3 B Barrick Mining Corp 82.76 Bn 23.10 5.67 4.71 Bn
4 WPM Wheaton Precious Metals Corp. 56.61 Bn 56.52 30.93 0.01 Bn
5 FNV FRANCO NEVADA Corp 44.11 Bn 47.96 28.52 0.00 Bn
6 KGC Kinross Gold Corp 38.43 Bn 21.85 5.96 1.24 Bn
7 PAAS Pan American Silver Corp 19.78 Bn 31.19 6.08 0.86 Bn
8 AGI Alamos Gold Inc 17.45 Bn 32.41 10.85 0.28 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 15.04 3.17
EV to Cash from Ops. EV/CFO -41.07 -11.55
EV to Debt EV to Debt 684.38 548.67
EV to EBIT EV/EBIT -25.91 12.24
EV to EBITDA EV/EBITDA -35.25 3.14
EV to Free Cash Flow [EV/FCF] EV/FCF -32.09 12.17
EV to Market Cap EV to Market Cap 0.94 1.72
EV to Revenue EV to Revenue 0.00 7.50
Price to Book Value [P/B] P/B 20.48 5.26
Price to Earnings [P/E] P/E -27.21 -1.39
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 1.54
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 5.40
Dividend per Basic Share Div per Share (Qtr) 0.00 0.17
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 10.25
Interest Coverage Int. cover (Qtr) -118.97 406.21
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -3,507.53 -97.36
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 241.06 130.91
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -5.27
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -102.35 518.35
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -41.77 53.19
EBIT Growth (1y) % EBIT 1y % (Qtr) -102.35 679.30
EBT Growth (1y) % EBT 1y % (Qtr) -102.38 144.05
EPS Growth (1y) % EPS 1y % (Qtr) -55.88 224.62
FCF Growth (1y) % FCF 1y % (Qtr) -61.52 171.65
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 0.00 84.25
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.26
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.03
Cash Ratio Cash Ratio (Qtr) 4.52 3.14
Current Ratio Curr Ratio (Qtr) 4.64 4.90
Debt to Equity Ratio Debt/Equity (Qtr) 0.03 0.27
Interest Cover Ratio Int Coverage (Qtr) -118.97 406.21
Times Interest Earned Times Interest Earned (Qtr) -118.97 406.21
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % 0.00 -19.19
EBIT Margin % EBIT Margin % 0.00 -44.57
EBT Margin % EBT Margin % 0.00 -34.79
Gross Margin % Gross Margin % 0.00 30.59
Net Profit Margin % Net Profit Margin % 0.00 -40.44