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Capricorn Metals Ltd

CMM.AXBasic MaterialsASX

Gold

PriceMA150MA200
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Financials · Annual
Revenue
$359.7M
+12.2% YoY
Net Income
$87.1M
+1880.9% YoY
EBITDA
$171.3M
+8.0% YoY
Free Cash Flow
$40.5M

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About Capricorn Metals Ltd

Capricorn Metals Ltd, together with its subsidiaries, explores, develops, evaluates, and produces gold in Australia. The $6.36B market capitalization puts CMM.AX squarely in mid-cap range for its industry. It operates through the Karlawinda Gold Project and the Mt Gibson Gold Project segments.

Key stats
Market Cap$6.36B
P/E (TTM)25.78
Fwd P/E14.21
EPS$0.54
Beta1.24
52W Change+41.2%
Dividend Yield0.70%
ROE25.8%
Analysis

Capricorn Metals Ltd holds $441.7M in cash against $25.1M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Annual free cash flow of $40.5M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 25.8% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Return on assets of 16.8% further supports the picture of efficient asset utilization. Revenue has grown from $286.9M (2022) to $359.7M (2024), reflecting a 25% increase over the period.

The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Capricorn Metals Ltd and its sector.

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