Deep value with Caledonia Mining Corporation: (CALVF)
Caledonia Mining Corporation operates a gold mine and acquires, explores and develops mineral properties for the exploration of base and precious metals focused on Southern Africa.
Caledonia’s primary assets are a 49% interest in the Blanket Mine in Zimbabwe and a 100% interest in the Nama base metals exploration project in Zambia. Caledonia Mining Corporation trades on: the TSX (Symbol : CAL), and on the AIM Market of the LSE (Symbol : CMCL), and on the NASDAQ-OTCQX (Symbol: CALVF).
This profitable high dividend deep value play has been completely ignored by mining investors. Part of the neglect is exposure to perceived politically risky investment in a Zimbabwe's blanket mine coupled with its tiny size ,(39.09M market cap 16.78 enterprise value).CALVF trades at a deep value discount to other gold miners
Why consider: Financially strong, trailing annual dividend yield 8.30%, discount to intrinsic value using DCF model, ignored by gold mining investors, consistently profitable with generous dividend. Financially strong, discount to book value, net cash per share .34 or 47% of the current price is net cash or 66% gross cash.
current (04/09/14) price per share of $.75 versus book value per share 1.02, 52 week change -52.14%, TTM gross profit per share .788, revenue per share 1.18 , TTM EBITDA per share 0.495012,cash per share of .49 or 25.70M
Price/Sales: 0.65 , Price/Book: 0.76
Enterprise Value/Revenue: 0.27 ,Enterprise Value/EBITDA: 0.65
Operating Margin: 36.39% , Return on Assets: 19.48%
Revenue 61.73M .
Qtrly Revenue Growth (yoy): -31.50%
Gross Profit : 41.09M , EBITDA : 25.80M
Total Cash (mrq): 25.70M , Total Cash Per Share: 0.49
Total Debt (mrq): 1.83M ,Current Ratio (mrq): 4.80
Book Value Per Share (mrq): 1.02
Operating Cash Flow (ttm): 14.97M
52-Week Change: -52.14%
Trailing Annual Dividend Yield: 8.30%