SAY vs CMCL

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

SAY vs CMCL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Market Cap

SAY

$410M

Winner

CMCL

$410M

Max Drawdown

Winner

SAY

5.56%

CMCL

68.22%

Sharpe Ratio

Winner

SAY

0.83

CMCL

0.40

5Y Beta

Winner

SAY

0.01

CMCL

0.72

Industry

SAY

N/A

CMCL

Gold

P/E Ratio

SAY

10.94

Winner

CMCL

6.54

Forward P/E

SAY

N/A

CMCL

8.12

PEG Ratio

SAY

0.37

Winner

CMCL

0.05

Dividend Yield

SAY

N/A

CMCL

2.44%

5Y Dividends CAGR

SAY

N/A

CMCL

11.02%

5Y EPS CAGR

SAY

N/A

CMCL

17.57%

Debt to Equity

SAY

186.64%

Winner

CMCL

42.61%

Free Cash Flow Yield

SAY

-21.49%

Winner

CMCL

11.84%

P/S Ratio

SAY

N/A

CMCL

1.53

P/B Ratio

SAY

N/A

CMCL

1.31

SAY vs CMCL - Historical Returns

Returns include dividend reinvestment.

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

SAY

+1.22%

Winner

CMCL

+31.22%

Winner

SAY

+2.27%

CMCL

-7.56%

Winner

SAY

+3.77%

CMCL

-23.28%

Winner

SAY

+7.97%

CMCL

-3.60%

5Y(CAGR)

SAY

N/A

CMCL

+17.59%

10Y(CAGR)

SAY

N/A

CMCL

+19.60%

Max(CAGR)

SAY

+8.86%

Winner

CMCL

+19.60%

SAY vs CMCL - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

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

SAY vs CMCL Drawdown Comparison

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

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

The current CMCL drawdown is -38.67%.

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