Centamin plc

TSX:CEE Stock Report

Market Cap: CA$3.0b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Centamin Valuation

Is CEE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CEE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CEE (CA$2.48) is trading below our estimate of fair value (CA$3.44)

Significantly Below Fair Value: CEE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CEE?

Key metric: As CEE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CEE. This is calculated by dividing CEE's market cap by their current earnings.
What is CEE's PE Ratio?
PE Ratio25.6x
EarningsUS$84.67m
Market CapUS$2.17b

Price to Earnings Ratio vs Peers

How does CEE's PE Ratio compare to its peers?

The above table shows the PE ratio for CEE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.8x
OGC OceanaGold
29.6x64.9%CA$2.8b
NGD New Gold
102.4x61.2%CA$3.0b
TXG Torex Gold Resources
13.7x43.2%CA$2.5b
EQX Equinox Gold
9.7x21.2%CA$3.4b
CEE Centamin
25.6x21.7%CA$1.7b

Price-To-Earnings vs Peers: CEE is good value based on its Price-To-Earnings Ratio (25.6x) compared to the peer average (42.9x).

Price to Earnings Ratio vs Industry

How does CEE's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

36 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SLI Standard Lithium
2.6xn/aUS$290.58m
THX Thor Explorations
2.7x-3.4%US$136.45m
APM Andean Precious Metals
2.2x-42.9%US$123.40m
STGO Steppe Gold
2.1xn/aUS$110.25m
CEE 25.6xIndustry Avg. 13.4xNo. of Companies36PE01632486480+
36 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CEE is expensive based on its Price-To-Earnings Ratio (25.6x) compared to the Canadian Metals and Mining industry average (12.5x).

Price to Earnings Ratio vs Fair Ratio

What is CEE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CEE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.6x
Fair PE Ratio21.9x

Price-To-Earnings vs Fair Ratio: CEE is expensive based on its Price-To-Earnings Ratio (25.6x) compared to the estimated Fair Price-To-Earnings Ratio (21.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CEE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CA$3.04
0%
9.1%CA$3.65CA$2.74n/a7
Dec ’25n/a
CA$3.04
0%
9.1%CA$3.65CA$2.74n/a7
Nov ’25CA$2.78
CA$2.97
+6.7%
9.6%CA$3.63CA$2.72n/a7
Oct ’25CA$2.63
CA$2.87
+9.0%
8.4%CA$3.30CA$2.60n/a8
Sep ’25CA$2.19
CA$2.78
+27.0%
11.7%CA$3.29CA$2.08n/a10
Aug ’25CA$2.16
CA$2.84
+31.6%
12.2%CA$3.38CA$2.07n/a10
Jul ’25CA$2.10
CA$2.67
+27.0%
10.0%CA$3.11CA$2.03n/a10
Jun ’25CA$2.08
CA$2.55
+22.4%
13.7%CA$2.94CA$1.82n/a11
May ’25CA$2.06
CA$2.47
+19.9%
12.6%CA$2.88CA$1.83n/a11
Apr ’25CA$1.93
CA$2.35
+21.8%
11.4%CA$2.74CA$1.88n/a11
Mar ’25CA$1.57
CA$2.32
+47.9%
11.4%CA$2.74CA$1.87n/a11
Feb ’25CA$1.62
CA$2.31
+42.8%
11.4%CA$2.73CA$1.86n/a11
Jan ’25CA$1.69
CA$2.24
+32.6%
13.7%CA$2.67CA$1.61n/a10
Dec ’24CA$1.75
CA$2.21
+26.1%
12.9%CA$2.71CA$1.64n/a10
Nov ’24CA$1.39
CA$2.21
+58.9%
11.4%CA$2.52CA$1.65CA$2.7810
Oct ’24CA$1.37
CA$2.23
+63.0%
12.5%CA$2.62CA$1.72CA$2.6310
Sep ’24CA$1.48
CA$2.31
+56.0%
12.5%CA$2.63CA$1.72CA$2.1910
Aug ’24CA$1.64
CA$2.27
+38.5%
12.6%CA$2.58CA$1.69CA$2.1610
Jul ’24CA$1.51
CA$2.16
+43.3%
14.2%CA$2.53CA$1.49CA$2.1010
Jun ’24CA$1.68
CA$2.16
+28.6%
12.0%CA$2.44CA$1.54CA$2.0810
May ’24CA$1.73
CA$2.17
+25.7%
11.7%CA$2.45CA$1.56CA$2.0610
Apr ’24CA$1.74
CA$2.12
+22.0%
11.7%CA$2.46CA$1.56CA$1.9310
Mar ’24CA$1.72
CA$2.15
+24.9%
9.5%CA$2.52CA$1.81CA$1.579
Feb ’24CA$1.83
CA$2.13
+16.7%
8.9%CA$2.48CA$1.84CA$1.629
Jan ’24CA$1.84
CA$2.17
+17.9%
11.2%CA$2.69CA$1.75CA$1.6910

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/11/25 08:04
End of Day Share Price 2024/11/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Centamin plc is covered by 26 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rita GuindyArqaam Capital Research Offshore S.A.L.
Laurent KimmanBerenberg
Thomas O'HaraBNP Paribas Exane