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Centamin

TSX:CEE
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CEE
TSX
£1B
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Centamin plc engages in the exploration, mining, and development of precious metals in Egypt, Burkina Faso, Côte d’Ivoire, Jersey, the United Kingdom, and Australia. The last earnings update was 23 days ago. More info.


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  • Centamin has significant price volatility in the past 3 months.
CEE Share Price and Events
7 Day Returns
-2.5%
TSX:CEE
-1.5%
CA Metals and Mining
0.9%
CA Market
1 Year Returns
-43.6%
TSX:CEE
-7%
CA Metals and Mining
1.2%
CA Market
CEE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Centamin (CEE) -2.5% -22.8% -15% -43.6% 0% 67.4%
CA Metals and Mining -1.5% 1.3% 9.8% -7% 6.9% -22.5%
CA Market 0.9% 2.3% 12.4% 1.2% 16.1% 5.9%
1 Year Return vs Industry and Market
  • CEE underperformed the Metals and Mining industry which returned -7% over the past year.
  • CEE underperformed the Market in Canada which returned 1.2% over the past year.
Price Volatility
CEE
Industry
5yr Volatility vs Market

Value

 Is Centamin undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Centamin to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Centamin.

TSX:CEE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:CEE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.177 (1 + (1- 20%) (0%))
1.118
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.118 * 5.96%)
8.61%

Discounted Cash Flow Calculation for TSX:CEE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Centamin is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:CEE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.61%)
2019 94.55 Analyst x7 87.05
2020 113.86 Analyst x7 96.52
2021 135.70 Analyst x6 105.91
2022 143.65 Analyst x2 103.23
2023 132.00 Analyst x1 87.33
2024 124.96 Est @ -5.34% 76.12
2025 121.02 Est @ -3.15% 67.87
2026 119.05 Est @ -1.62% 61.48
2027 118.40 Est @ -0.55% 56.29
2028 118.63 Est @ 0.2% 51.93
Present value of next 10 years cash flows $793.74
TSX:CEE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $118.63 × (1 + 1.95%) ÷ (8.61% – 1.95%)
$1,814.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,814.61 ÷ (1 + 8.61%)10
$794.34
TSX:CEE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $793.74 + $794.34
$1,588.08
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,588.08 / 1,154.12
$1.38
TSX:CEE Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:CEY)
0.754
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $1.38 x 0.754
£1.04
Non-primary Listing Adjustment Factor 1 share in TSX:CEE represents 1.7438x of LSE:CEY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.7438x
Value per Share
(Listing Adjusted, CAD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.04 x 1.7438
CA$1.81
Value per share (CAD) From above. CA$1.81
Current discount Discount to share price of CA$1.59
= -1 x (CA$1.59 - CA$1.81) / CA$1.81
12.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Centamin is available for.
Intrinsic value
12%
Share price is CA$1.59 vs Future cash flow value of CA$1.81
Current Discount Checks
For Centamin to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Centamin's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Centamin's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Centamin's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Centamin's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:CEE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.06
LSE:CEY Share Price ** LSE (2019-03-19) in GBP £0.91
LSE:CEY Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.327 $1.21
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.44x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Centamin.

TSX:CEE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:CEY Share Price ÷ EPS (both in USD)

= 1.21 ÷ 0.06

18.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Centamin is overvalued based on earnings compared to the CA Metals and Mining industry average.
  • Centamin is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Centamin's expected growth come at a high price?
Raw Data
TSX:CEE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
11.5%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

TSX:CEE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.62x ÷ 11.5%

1.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Centamin is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Centamin's assets?
Raw Data
TSX:CEE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.12
LSE:CEY Share Price * LSE (2019-03-19) in GBP £0.91
LSE:CEY Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.327 $1.21
Canada Metals and Mining Industry PB Ratio Median Figure of 1,079 Publicly-Listed Metals and Mining Companies 1.42x
Canada Market PB Ratio Median Figure of 2,347 Publicly-Listed Companies 1.56x
TSX:CEE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:CEY Share Price ÷ Book Value per Share (both in USD)

= 1.21 ÷ 1.12

1.09x

* Primary Listing of Centamin.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Centamin is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Centamin's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Centamin has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Centamin expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Centamin expected to grow at an attractive rate?
  • Centamin's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Centamin's earnings growth is positive but not above the Canada market average.
  • Centamin's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:CEE Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:CEE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 11.5%
TSX:CEE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 6.7%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:CEE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:CEE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 856 128 1
2022-12-31 779 306 101 4
2021-12-31 760 301 100 9
2020-12-31 695 269 77 11
2019-12-31 651 234 65 10
TSX:CEE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 603 223 75
2018-09-30 612 278 112
2018-06-30 680 356 135
2018-03-31 707 391 130
2017-12-31 676 359 109
2017-09-30 643 301 89
2017-06-30 651 336 120
2017-03-31 680 359 182
2016-12-31 687 366 215
2016-09-30 659 350 176
2016-06-30 577 237 118
2016-03-31 521 189 64

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Centamin's earnings are expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
  • Centamin's revenue is expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:CEE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Centamin Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CEE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.08 0.12 0.04 2.00
2021-12-31 0.08 0.12 0.05 4.00
2020-12-31 0.06 0.08 0.04 6.00
2019-12-31 0.05 0.08 0.04 6.00
TSX:CEE Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.06
2018-09-30 0.10
2018-06-30 0.12
2018-03-31 0.11
2017-12-31 0.10
2017-09-30 0.08
2017-06-30 0.10
2017-03-31 0.16
2016-12-31 0.19
2016-09-30 0.15
2016-06-30 0.10
2016-03-31 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Centamin is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Centamin's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Centamin has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Centamin performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Centamin's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Centamin's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Centamin's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Centamin's 1-year earnings growth is negative, it can't be compared to the CA Metals and Mining industry average.
Earnings and Revenue History
Centamin's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Centamin Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CEE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 603.25 74.85 24.38
2018-09-30 611.93 111.87 3.94
2018-06-30 679.90 135.16 4.71
2018-03-31 707.25 130.22 4.90
2017-12-31 675.51 109.40 2.70
2017-09-30 643.40 89.22 7.05
2017-06-30 651.16 120.14 5.50
2017-03-31 680.00 182.50 5.65
2016-12-31 687.39 214.76 2.63
2016-09-30 659.28 176.32 2.59
2016-06-30 576.96 117.63 2.32
2016-03-31 521.02 63.85 1.37
2015-12-31 508.40 51.57 2.54
2015-09-30 529.32 87.47 2.63
2015-06-30 526.90 97.04 2.15
2015-03-31 505.34 89.52 1.95
2014-12-31 472.58 81.56 2.64
2014-09-30 432.66 78.41 3.41
2014-06-30 436.68 92.26 3.94
2014-03-31 468.37 132.67 3.98
2013-12-31 503.83 183.96 2.49
2013-09-30 531.12 199.24 4.33
2013-06-30 514.12 229.72 2.01
2013-03-31 476.64 220.12 2.71
2012-12-31 426.13 199.04 2.29
2012-09-30 372.30 193.72 9.92
2012-06-30 358.14 182.56 10.63
2012-03-31 339.08 188.72 7.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Centamin has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Centamin used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • Centamin has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Centamin's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Centamin has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Centamin's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Centamin's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Centamin is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Centamin's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Centamin's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Centamin has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Centamin Company Filings, last reported 2 months ago.

TSX:CEE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,286.82 0.00 282.63
2018-09-30 1,260.00 0.00 254.09
2018-06-30 1,277.59 0.00 282.76
2018-03-31 1,489.15 0.00 395.58
2017-12-31 1,451.98 0.00 359.81
2017-09-30 1,407.35 0.00 313.13
2017-06-30 1,396.14 0.00 297.11
2017-03-31 1,382.79 0.00 266.11
2016-12-31 1,524.52 0.00 400.00
2016-09-30 1,510.60 0.00 388.52
2016-06-30 1,444.99 0.00 281.87
2016-03-31 1,393.86 0.00 234.65
2015-12-31 1,353.33 0.00 199.78
2015-09-30 1,366.04 0.00 190.76
2015-06-30 1,359.30 0.00 175.30
2015-03-31 1,362.79 0.00 163.85
2014-12-31 1,333.37 0.00 126.07
2014-09-30 1,308.86 0.00 110.45
2014-06-30 1,292.22 0.00 106.73
2014-03-31 1,279.62 0.00 112.58
2013-12-31 1,212.85 0.00 106.97
2013-09-30 1,181.76 0.00 117.53
2013-06-30 1,139.42 0.00 114.62
2013-03-31 1,089.23 0.00 132.29
2012-12-31 1,019.84 0.00 147.13
2012-09-30 975.34 0.00 124.58
2012-06-30 913.24 0.00 127.73
2012-03-31 860.51 0.00 138.73
  • Centamin has no debt.
  • Centamin has not taken on any debt in the past 5 years.
  • Centamin has no debt, it does not need to be covered by operating cash flow.
  • Centamin has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Centamin's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Centamin has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Centamin's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.55%
Current annual income from Centamin dividends. Estimated to be 5.99% next year.
If you bought CA$2,000 of Centamin shares you are expected to receive CA$91 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Centamin's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.09%).
  • Centamin's dividend is below the markets top 25% of dividend payers in Canada (5.67%).
Upcoming dividend payment

Purchase Centamin on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:CEE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:CEE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.09 2.00
2021-12-31 0.09 9.00
2020-12-31 0.07 11.00
2019-12-31 0.05 10.00
TSX:CEE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.055 4.514
2018-02-14 0.125 8.116
2017-02-01 0.155 7.557
2016-08-10 0.040 2.161
2016-03-21 0.029 1.786
2015-03-26 0.040 4.076
2015-03-23 0.040 4.426
2014-11-12 0.017 1.935
2014-08-14 0.017 1.824

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Centamin has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Centamin only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Centamin's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Centamin's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Centamin afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Centamin has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Centamin's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Pardey
COMPENSATION $1,144,053
TENURE AS CEO 4.1 years
CEO Bio

Mr. Andrew Pardey has been the Chief Executive Officer of Centamin Plc since February 1, 2015. Mr. Pardey has the responsibility for implementing strategy and overseeing the day-to-day running of the business. He served as the Chief Operating Officer of Centamin Plc from May 2012 to February 1, 2015. Mr. Pardey serves as the Chief Geologist and General Manager of Exploration of Africa at Crew Gold Corporation. From 2000 to 2004, Mr. Pardey served as Geology Manager of Siguiri Gold Mine operated by AngloGold Ashanti since October 2000 and was in charge of the exploration and geology activities as well as resource and reserve reporting. He was responsible for finding and replacing the resources and reserves every year at the Siguiri Gold Mine, which was an integral step in the decision to install a CIL plant at Siguiri. He also served as the Chief Geologist of Son's of Gwalia Red October operation in Australia. Mr. Pardey has been an Executive Director of Centamin Plc since February 1, 2015. He served as General Manager of Operations at the Sukari Gold Mine before May 2012. He was a major driving force in bringing Sukari into production and was instrumental in the successful transition of the operation through construction and into production. He has over 25 years’ experience in the mining and exploration industry, having previously held senior positions with Guinor Gold Corporation, AngloGold Ashanti and Kalgoorlie Consolidated Gold Mines. Mr. Pardey holds a BSc Degree in Geology from Macquarie University in Australia.

CEO Compensation
  • Andrew's compensation has been consistent with company performance over the past year.
  • Andrew's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Centamin management team in years:

3.3
Average Tenure
  • The tenure for the Centamin management team is about average.
Management Team

Andrew Pardey

TITLE
CEO & Director
COMPENSATION
$1M
TENURE
4.1 yrs

Ross Jerrard

TITLE
CFO & Director
COMPENSATION
$1M
TENURE
2.9 yrs

Riaan Nel

TITLE
Group Accountant
TENURE
2.1 yrs

Alexandra Carse

TITLE
Head of Investor Relations
TENURE
1.3 yrs

Norman Bailie

TITLE
Group Exploration Manager
TENURE
2.4 yrs

Mark Smith

TITLE
Group Financial Controller
COMPENSATION
$890K
TENURE
3.6 yrs

Darren Le Masurier

TITLE
Company Secretary
TENURE
5.7 yrs

Terry Smith

TITLE
General Manager of Sukari Operations
TENURE
6.8 yrs

Michael Kriewaldt

TITLE
Manager of Exploration
COMPENSATION
$69K
Board of Directors Tenure

Average tenure and age of the Centamin board of directors in years:

4.1
Average Tenure
57
Average Age
  • The tenure for the Centamin board of directors is about average.
Board of Directors

Josef El-Raghy

TITLE
Non-Executive Chairman
COMPENSATION
$895K
AGE
47
TENURE
7.3 yrs

Andrew Pardey

TITLE
CEO & Director
COMPENSATION
$1M
TENURE
4.1 yrs

Ed Haslam

TITLE
Deputy Chairman & Senior Independent Non-Executive Director
COMPENSATION
$170K
AGE
74
TENURE
4.2 yrs

Ross Jerrard

TITLE
CFO & Director
COMPENSATION
$1M
TENURE
1.1 yrs

Mark Anthony Bankes

TITLE
Independent Non-Executive Director
COMPENSATION
$123K
AGE
57
TENURE
8.1 yrs

Mark Arnesen

TITLE
Independent Non-Executive Director
COMPENSATION
$123K
AGE
57
TENURE
8.1 yrs

Alison Baker

TITLE
Independent Non-Executive Director
COMPENSATION
$97K
AGE
46
TENURE
1.1 yrs

Ibrahim Fawzy

TITLE
Independent Non-Executive Director
COMPENSATION
$32K
AGE
77
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
15. Jun 18 Buy Gordon Haslam Individual 14. Jun 18 14. Jun 18 25,000 CA$2.04 CA$50,972
11. Jun 18 Buy Andrew Pardey Individual 08. Jun 18 08. Jun 18 50,000 CA$2.14 CA$107,229
29. May 18 Buy Mark Anthony Bankes Individual 29. May 18 29. May 18 40,000 CA$2.25 CA$89,990
30. Apr 18 Sell Van Eck Associates Corporation Company 31. Dec 15 30. Apr 18 -377,533,137 CA$2.77 CA$-743,372,512
30. Apr 18 Buy Van Eck Associates Corporation Company 31. Dec 14 30. Apr 18 500,570,314 CA$2.77 CA$865,851,756
X
Management checks
We assess Centamin's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Centamin has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Centamin plc engages in the exploration, mining, and development of precious metals in Egypt, Burkina Faso, Côte d’Ivoire, Jersey, the United Kingdom, and Australia. The company explores for gold ore deposits. Its principal project is the Sukari Gold Mine project, which covers an area of 160 square kilometers located in the Eastern Desert of Egypt. The company was incorporated in 1970 and is based in St Helier, the Channel Islands.

Details
Name: Centamin plc
CEE
Exchange: TSX
Founded: 1970
£1,861,733,917
1,154,116,601
Website: http://www.centamin.com
Address: Centamin plc
2 Mulcaster Street,
St Helier,
JE2 3NJ,
Jersey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CEY Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK CELT.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB 7CT Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
TSX CEE Ordinary Shares The Toronto Stock Exchange CA CAD 02. Jan 1992
BATS-CHIXE CEYL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,500
Centamin employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 00:26
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/08
Last earnings filing: 2019/02/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.