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CEY

Centamin LSE:CEY Stock Report

Last Price

UK£0.95

Market Cap

UK£1.1b

7D

5.0%

1Y

-2.5%

Updated

14 Aug, 2022

Data

Company Financials +
CEY fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends3/6

CEY Stock Overview

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.

Centamin Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Centamin
Historical stock prices
Current Share PriceUK£0.95
52 Week HighUK£1.11
52 Week LowUK£0.74
Beta0.56
1 Month Change27.49%
3 Month Change11.62%
1 Year Change-2.53%
3 Year Change-31.59%
5 Year Change-37.58%
Change since IPO1,124.26%

Recent News & Updates

Aug 07
Centamin plc (LON:CEY) Just Reported Half-Year Earnings: Have Analysts Changed Their Mind On The Stock?

Centamin plc (LON:CEY) Just Reported Half-Year Earnings: Have Analysts Changed Their Mind On The Stock?

Investors in Centamin plc ( LON:CEY ) had a good week, as its shares rose 8.7% to close at UK£0.90 following the...

Shareholder Returns

CEYGB Metals and MiningGB Market
7D5.0%0.2%0.4%
1Y-2.5%-13.4%-9.0%

Return vs Industry: CEY exceeded the UK Metals and Mining industry which returned -13.4% over the past year.

Return vs Market: CEY exceeded the UK Market which returned -9% over the past year.

Price Volatility

Is CEY's price volatile compared to industry and market?
CEY volatility
CEY Average Weekly Movement5.4%
Metals and Mining Industry Average Movement7.7%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: CEY is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CEY's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20114,388Martin Horganhttps://www.centamin.com

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 deposits. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.

Centamin Fundamentals Summary

How do Centamin's earnings and revenue compare to its market cap?
CEY fundamental statistics
Market CapUS$1.33b
Earnings (TTM)US$126.78m
Revenue (TTM)US$747.69m

10.5x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CEY income statement (TTM)
RevenueUS$747.69m
Cost of RevenueUS$520.62m
Gross ProfitUS$227.07m
Other ExpensesUS$100.29m
EarningsUS$126.78m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 19, 2022

Earnings per share (EPS)0.11
Gross Margin30.37%
Net Profit Margin16.96%
Debt/Equity Ratio0%

How did CEY perform over the long term?

See historical performance and comparison

Dividends

7.8%

Current Dividend Yield

68%

Payout Ratio

Does CEY pay a reliable dividends?

See CEY dividend history and benchmarks
When do you need to buy CEY by to receive an upcoming dividend?
Centamin dividend dates
Ex Dividend DateSep 01 2022
Dividend Pay DateOct 07 2022
Days until Ex dividend17 days
Days until Dividend pay date53 days

Does CEY pay a reliable dividends?

See CEY dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

CEY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA4x
PEG Ratio-1x

Price to Earnings Ratio vs Peers

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

CEY PE Ratio vs Peers
The above table shows the PE ratio for CEY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6x
POLY Polymetal International
1.4x3.2%UK£1.0b
HOC Hochschild Mining
6.8x5.7%UK£430.9m
PAF Pan African Resources
6.1x2.2%UK£405.3m
AAU Ariana Resources
9.7xn/aUK£37.4m
CEY Centamin
10.5x-10.6%UK£1.1b

Price-To-Earnings vs Peers: CEY is expensive based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (6x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: CEY is expensive based on its Price-To-Earnings Ratio (10.5x) compared to the UK Metals and Mining industry average (6.2x)


Price to Earnings Ratio vs Fair Ratio

What is CEY'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.

CEY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.5x
Fair PE Ratio8.6x

Price-To-Earnings vs Fair Ratio: CEY is expensive based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (8.6x).


Share Price vs Fair Value

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

Below Fair Value: CEY (£0.95) is trading below our estimate of fair value (£2.43)

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


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Centamin forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-10.6%

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 (-10.6% per year).

Earnings vs Market: CEY's earnings are forecast to decline over the next 3 years (-10.6% per year).

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

Revenue vs Market: CEY's revenue (1.1% per year) is forecast to grow slower than the UK market (4.4% per year).

High Growth Revenue: CEY's revenue (1.1% 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 (7.2%).


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Past Performance

How has Centamin performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CEY has high quality earnings.

Growing Profit Margin: CEY's current net profit margins (17%) are lower than last year (18.6%).


Past Earnings Growth Analysis

Earnings Trend: CEY's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: CEY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CEY had negative earnings growth (-9%) over the past year, making it difficult to compare to the Metals and Mining industry average (9.8%).


Return on Equity

High ROE: CEY's Return on Equity (9.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Centamin's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CEY's short term assets ($294.2M) exceed its short term liabilities ($74.6M).

Long Term Liabilities: CEY's short term assets ($294.2M) exceed its long term liabilities ($55.2M).


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


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.82%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 14 2022Ex Dividend DateSep 01 2022Dividend Pay DateOct 07 202236 days from Ex DividendBuy in the next 17 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CEY's dividend (7.82%) is higher than the bottom 25% of dividend payers in the UK market (1.81%).

High Dividend: CEY's dividend (7.82%) is in the top 25% of dividend payers in the UK market (5.1%)


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 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (68.2%), CEY's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (3355.4%), CEY's dividend payments are not well covered by cash flows.


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Management

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

5.1yrs

Average management tenure


CEO

Martin Horgan (48 yo)

2.33yrs

Tenure

US$1,363,754

Compensation

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...


CEO Compensation Analysis

Compensation vs Market: Martin's total compensation ($USD1.36M) is below average for companies of similar size in the UK market ($USD1.98M).

Compensation vs Earnings: Martin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: CEY's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: CEY's board of directors are not considered experienced ( 2.9 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: CEY 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 employee growth, exchange listings and data sources


Key Information

  • Name: Centamin plc
  • Ticker: CEY
  • Exchange: LSE
  • Founded: 2011
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: UK£1.095b
  • Shares outstanding: 1.15b
  • Website: https://www.centamin.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.