CMCL vs SAY

Comparison between Caledonia Mining Corporation Plc (CMCL, Company) and Saratoga Investment Corp (SAY, Company).

CMCL vs SAY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CMCL(COMPANY)	SAY(COMPANY)
Market Cap	$410M	$410M
Max Drawdown	68.22%	5.56%
Sharpe Ratio	0.40	0.83
5Y Beta	0.72	0.01
Industry	Gold	N/A
P/E Ratio	6.54	10.94
Forward P/E	8.12	N/A
PEG Ratio	0.05	0.37
Dividend Yield	2.44%	N/A
5Y Dividends CAGR	11.02%	N/A
5Y EPS CAGR	17.57%	N/A
Debt to Equity	42.61%	186.64%
Free Cash Flow Yield	11.84%	-21.49%
P/S Ratio	1.53	N/A
P/B Ratio	1.31	N/A

Market Cap

Winner

CMCL

$410M

SAY

$410M

Max Drawdown

CMCL

68.22%

Winner

SAY

5.56%

Sharpe Ratio

CMCL

0.40

Winner

SAY

0.83

5Y Beta

CMCL

0.72

Winner

SAY

0.01

Industry

CMCL

Gold

SAY

N/A

P/E Ratio

Winner

CMCL

6.54

SAY

10.94

Forward P/E

CMCL

8.12

SAY

N/A

PEG Ratio

Winner

CMCL

0.05

SAY

0.37

Dividend Yield

CMCL

2.44%

SAY

N/A

5Y Dividends CAGR

CMCL

11.02%

SAY

N/A

5Y EPS CAGR

CMCL

17.57%

SAY

N/A

Debt to Equity

Winner

CMCL

42.61%

SAY

186.64%

Free Cash Flow Yield

Winner

CMCL

11.84%

SAY

-21.49%

P/S Ratio

CMCL

1.53

SAY

N/A

P/B Ratio

CMCL

1.31

SAY

N/A

CMCL vs SAY - Historical Returns

Returns include dividend reinvestment.

Period	CMCL	SAY
1 month	+31.22%	+1.22%
3 months	-7.56%	+2.27%
6 months	-23.28%	+3.77%
1 year	-3.60%	+7.97%
5 years(CAGR)	+17.59%	N/A
10 years(CAGR)	+19.60%	N/A
Max(CAGR)	+19.60%	+8.86%

Winner

CMCL

+31.22%

SAY

+1.22%

CMCL

-7.56%

Winner

SAY

+2.27%

CMCL

-23.28%

Winner

SAY

+3.77%

CMCL

-3.60%

Winner

SAY

+7.97%

5Y(CAGR)

CMCL

+17.59%

SAY

N/A

10Y(CAGR)

CMCL

+19.60%

SAY

N/A

Max(CAGR)

Winner

CMCL

+19.60%

SAY

+8.86%

CMCL vs SAY - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	CMCL	SAY
2026	-12.59%	+4.99%
2025	+183.80%	+8.28%
2024	-20.87%	+9.25%
2023	-0.20%	+9.76%
2022	+12.80%	+0.77%
2021	-34.09%	N/A
2020	+93.04%	N/A
2019	+54.11%	N/A
2018	-28.14%	N/A
2017	+20.37%	N/A

CMCL vs SAY Drawdown Comparison

The maximum drawdown for CMCL was -65.77%, occurring on Sep 26, 2022. Recovery took 1253 trading sessions.

The maximum drawdown for SAY was -2.96%, occurring on May 16, 2023. Recovery took 69 trading sessions.

The current CMCL drawdown is -38.67%.

Rank	CMCL	SAY
#1	-65.77% Jul 24, 2020 - Jul 22, 2025	-2.96% Mar 9, 2023 - Jun 16, 2023
#2	-54.72% Oct 15, 2025 - Jul 20, 2026	-1.30% Mar 19, 2026 - Apr 27, 2026
#3	-47.41% Apr 24, 2018 - Jan 30, 2020	-1.25% Jan 18, 2024 - Feb 14, 2024
#4	-45.33% Feb 24, 2020 - Apr 22, 2020	-1.19% Oct 10, 2023 - Nov 7, 2023
#5	-32.20% Jun 15, 2020 - Jul 15, 2020	-1.17% Aug 29, 2025 - Nov 3, 2025
#6	-21.57% Aug 9, 2017 - Nov 22, 2017	-1.16% Mar 21, 2025 - Apr 23, 2025
#7	-18.74% Jul 23, 2025 - Aug 13, 2025	-0.98% Jun 18, 2026 - Aug 7, 2026
#8	-15.80% Nov 29, 2017 - Jan 16, 2018	-0.94% Sep 12, 2024 - Nov 12, 2024
#9	-10.26% Jan 29, 2018 - Apr 4, 2018	-0.84% Jan 28, 2026 - Mar 19, 2026
#10	-8.54% May 8, 2020 - May 18, 2020	-0.82% Apr 9, 2024 - May 2, 2024
#11	-7.92% Oct 8, 2025 - Oct 15, 2025	-0.79% Feb 27, 2024 - Apr 3, 2024
#12	-7.47% Feb 7, 2020 - Feb 21, 2020	-0.76% Aug 23, 2023 - Sep 11, 2023
#13	-6.78% Jun 10, 2020 - Jun 15, 2020	-0.75% Dec 27, 2023 - Jan 3, 2024
#14	-5.86% Aug 18, 2025 - Aug 21, 2025	-0.72% Jul 3, 2023 - Jul 24, 2023
#15	-5.80% Aug 13, 2025 - Aug 18, 2025	-0.71% May 16, 2025 - Jun 4, 2025