LSE:CEY

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Executive Summary

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.


Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has Centamin's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CEY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.9%

CEY

-2.0%

GB Metals and Mining

0.2%

GB Market


1 Year Return

58.7%

CEY

-13.0%

GB Metals and Mining

-16.2%

GB Market

Return vs Industry: CEY exceeded the UK Metals and Mining industry which returned -12.5% over the past year.

Return vs Market: CEY exceeded the UK Market which returned -15.7% over the past year.


Shareholder returns

CEYIndustryMarket
7 Day1.9%-2.0%0.2%
30 Day6.8%-1.7%-0.7%
90 Day44.8%21.7%15.8%
1 Year67.2%58.7%-6.8%-13.0%-12.2%-16.2%
3 Year34.5%14.9%34.7%12.4%-3.8%-15.6%
5 Year289.4%201.2%94.7%49.4%18.3%-8.0%

Price Volatility Vs. Market

How volatile is Centamin's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Centamin undervalued compared to its fair value and its price relative to the market?

15.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CEY (£1.79) is trading below our estimate of fair value (£2.13)

Significantly Below Fair Value: CEY is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CEY is poor value based on its PE Ratio (29.2x) compared to the Metals and Mining industry average (9.6x).

PE vs Market: CEY is poor value based on its PE Ratio (29.2x) compared to the UK market (14.9x).


Price to Earnings Growth Ratio

PEG Ratio: CEY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CEY is overvalued based on its PB Ratio (2x) compared to the GB Metals and Mining industry average (1x).


Next Steps

Future Growth

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

-0.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CEY's earnings are forecast to decline over the next 3 years (-0.4% per year).

Earnings vs Market: CEY's earnings are forecast to decline over the next 3 years (-0.4% per year).

High Growth Earnings: CEY's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CEY's revenue (4.9% per year) is forecast to grow faster than the UK market (3.4% per year).

High Growth Revenue: CEY's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CEY's Return on Equity is forecast to be low in 3 years time (11.4%).


Next Steps

Past Performance

How has Centamin performed over the past 5 years?

-4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CEY has high quality earnings.

Growing Profit Margin: CEY's current net profit margins (13.4%) are higher than last year (12.4%).


Past Earnings Growth Analysis

Earnings Trend: CEY's earnings have declined by -4% per year over the past 5 years.

Accelerating Growth: CEY's earnings growth over the past year (16.9%) exceeds its 5-year average (-4% per year).

Earnings vs Industry: CEY earnings growth over the past year (16.9%) exceeded the Metals and Mining industry 1.8%.


Return on Equity

High ROE: CEY's Return on Equity (13.4%) is considered low.


Next Steps

Financial Health

How is Centamin's financial position?


Financial Position Analysis

Short Term Liabilities: CEY's short term assets ($446.8M) exceed its short term liabilities ($66.2M).

Long Term Liabilities: CEY's short term assets ($446.8M) exceed its long term liabilities ($14.6M).


Debt to Equity History and Analysis

Debt Level: CEY is debt free.

Reducing Debt: CEY has not had any debt for past 5 years.

Debt Coverage: CEY has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CEY has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

5.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CEY's dividend (5.41%) is higher than the bottom 25% of dividend payers in the UK market (1.97%).

High Dividend: CEY's dividend (5.41%) is low compared to the top 25% of dividend payers in the UK market (5.63%).


Stability and Growth of Payments

Stable Dividend: CEY has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CEY's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.7%), CEY's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CEY's dividends in 3 years are forecast to be covered by earnings (84.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Martin Horgan (46yo)

0.25

Tenure

Mr. Martin Horgan serves as Chief Executive Officer and Director of Centamin Plc since April 6, 2020. He Co-Founded Toro Gold Ltd and served as its Chief Executive Officer from 2009 to 2019. Mr. Horgan is  ...


Leadership Team

NamePositionTenureCompensationOwnership
Ross Ian Jerrard
CFO & Director2.42yrsUS$1.06m0.030% $627.2k
Martin Horgan
CEO & Director0.25yrno datano data
Riaan Nel
Group Accountant3.42yrsno data0.020% $412.3k
Alexandra Carse
Head of Investor Relations2.58yrsno data0.033% $690.6k
John Singleton
Head of Corporate Development1.08yrsno data0.047% $978.4k
Norman Bailie
Group Exploration Manager3.75yrsno data0.044% $919.4k
Craig Murray
Head of Risk0.33yrno datano data
Mark Smith
Group Financial Controller4.92yrsUS$889.54k0.072% $1.5m
Darren Le Masurier
Group Company Secretary7yrsno data0.053% $1.1m
Terence Smith
General Manager of Sukari Operations8.08yrsno datano data

3.6yrs

Average Tenure

Experienced Management: CEY's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ross Ian Jerrard
CFO & Director2.42yrsUS$1.06m0.030% $627.2k
Martin Horgan
CEO & Director0.25yrno datano data
Ibrahim Fawzy
Independent Non-Executive Director1.92yrsUS$89.85kno data
Sally Eyre
Senior Independent Director0.083yrUS$64.07kno data
Catharine E. Farrow
Independent Non-Executive Director0.83yrUS$28.28kno data
Mark Anthony Bankes
Independent Non-Executive Director9.42yrsUS$115.52k0.016% $340.4k
Martie Cloete
Independent Non-Executive Director0.83yrUS$30.46k0.0013% $26.9k
James Rutherford
Independent Non-Executive Chairman0.083yrno datano data

0.8yrs

Average Tenure

52yo

Average Age

Experienced Board: CEY's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Centamin plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Centamin plc
  • Ticker: CEY
  • Exchange: LSE
  • Founded: 1970
  • Industry: Gold
  • Sector: Materials
  • Market Cap: UK£2.071b
  • Shares outstanding: 1.16b
  • Website: https://www.centamin.com

Number of Employees


Location

  • Centamin plc
  • 2 Mulcaster Street
  • Saint Helier
  • JE2 3NJ
  • Jersey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CEYLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
CELT.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
7CTDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
CEETSX (The Toronto Stock Exchange)YesOrdinary SharesCACADJan 1992
CEYLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992

Biography

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 Saint Helier, Jersey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/01 20:54
End of Day Share Price2020/07/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.