CNMC Goldmine Holdings Limited (5TP) AI Stock Analysis

• Market Cap: S$672.69M
• Dividend Yield: 2.21%
• Average Volume (3M): 11.55M
• Price to Earnings (P/E): 23.8
• Beta (1Y): 0.24
• Revenue Growth: 56.03%
• EPS Growth: 204.85%
• Country: SG
• Employees: 432
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.08
• Shares Outstanding: 407,693,000
• 10 Day Avg. Volume: 13,639,790
• 30 Day Avg. Volume: 11,547,670
• PEG Ratio: 0.05
• Price to Book (P/B): 1.52
• Price to Sales (P/S): 1.11
• P/FCF Ratio: 4.97
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$1.53
• Price Target Upside: 50.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.09
• Revenue Forecast (FY): S$145.68M

• Rating: 76 Outperform
• Price Target: S$1.50 ▲(47.06% Upside)
• Action: Reiterated Date: 02/03/26
• Date: Action: Reiterated 02/03/26

The score is driven primarily by strong financial performance (profitability, low leverage, and improving cash flow). Technicals add support due to an established uptrend and positive momentum indicators. Valuation is the main constraint, with a moderate P/E and a modest dividend yield.

Positive Factors

High Profitability Margins

Sustained high gross (70.4%) and solid net margins (23.9%) indicate a durable low-cost operating profile and pricing power. Such margins support reinvestment, buffer profitability through commodity cycles, and enable sustained cash generation and shareholder returns.

Very Low Leverage and Strong ROE

Extremely low leverage and a 44.4% ROE reflect conservative capital structure and highly efficient use of equity. This reduces financial risk, preserves strategic flexibility for capex or opportunistic investments, and strengthens resilience over multi-month cycles.

Improving Free Cash Flow and Conversion

Meaningful improvement in free cash flow and strong cash conversion metrics show the business reliably turns profits into cash. That supports funding of exploration, maintenance capex, and potential distributions without increasing leverage, a durable strength for operations.

Negative Factors

Commodity Price Exposure

Revenue dependence on gold prices creates structural earnings and cashflow volatility. Even with efficient operations, profitability and investment capacity remain tied to commodity cycles, which can materially alter financial outcomes over several months.

Limited Forward Disclosure

Absence of guidance and sparse earnings-call disclosures reduces forward visibility for investors and counterparties. This limits stakeholders' ability to assess near-term operational plans, capital allocation, and risks, impeding transparent multi-month planning.

Concentration in Single Commodity/Operations

A business focused mainly on gold extraction concentrates exposure to mining-specific operational, regulatory, and permitting risks. Project delays, local regulatory changes, or site-specific issues can disproportionately affect output and financials over a 2–6 month horizon.

CNMC Goldmine Holdings Limited Business Overview & Revenue Model

Company Description

CNMC Goldmine Holdings Limited, an investment holding company, engages in the exploration and mining of gold deposits in Malaysia. The company also explores for silver, lead, and zinc deposits. Its flagship project is the Sokor Gold Field project, which covers an area of 2,370 acres located in Tanah Merah, Kelantan. The company also provides mineral exploration and drilling and underground mining services, as well as non-mining related services. CNMC Goldmine Holdings Limited was incorporated in 2006 and is headquartered in Singapore.

How the Company Makes Money

CNMC Goldmine Holdings Limited generates revenue primarily through the sale of gold and other minerals extracted from its mining operations. The company operates mining projects where it has established extraction processes to convert raw mineral resources into marketable products. Key revenue streams include direct sales of gold to both wholesale and retail markets, which can be influenced by global gold prices. Additionally, the company may engage in partnerships or joint ventures with other mining firms or local governments to enhance operational efficiency and expand its market reach. Factors contributing to its earnings include the fluctuating prices of gold and minerals, operational efficiencies, and the ability to scale up production in response to market demand.

CNMC Goldmine Holdings Limited Financial Statement Overview

Summary

Strong overall fundamentals: income statement strength (revenue growth and high margins) supported by a very low debt-to-equity balance sheet and improving free cash flow with solid cash conversion.

Income Statement

CNMC Goldmine Holdings Limited has demonstrated strong revenue growth with a 13.1% increase in TTM, supported by robust gross and net profit margins of 70.4% and 23.9%, respectively. The EBIT and EBITDA margins are also healthy at 39.6% and 49.6%, indicating efficient operations. The company has shown consistent improvement in profitability over the years, reflecting a positive trajectory in its income statement.

Balance Sheet

The balance sheet is solid with a very low debt-to-equity ratio of 0.0018, indicating minimal leverage and financial risk. The return on equity is impressive at 44.4%, showcasing effective use of shareholder funds. The equity ratio stands at 51.2%, suggesting a stable financial structure. Overall, the balance sheet reflects financial stability and prudent management of resources.

Cash Flow

The cash flow statement shows a significant improvement in free cash flow with a growth rate of 30.3% in TTM. The operating cash flow to net income ratio is strong at 1.95, indicating efficient cash generation relative to earnings. The free cash flow to net income ratio of 0.74 suggests a healthy conversion of profits into cash. The company has managed to enhance its cash flow position effectively over the period.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	56.41M	65.20M	52.17M	25.60M	32.88M	31.54M
Gross Profit	39.73M	57.93M	39.09M	30.62M	27.92M	14.77M
EBITDA	28.16M	24.63M	12.80M	6.75M	8.11M	3.71M
Net Income	13.50M	9.85M	4.10M	117.58K	1.72M	-4.67M
Balance Sheet
Total Assets	117.40M	72.68M	59.74M	53.76M	57.96M	71.94M
Cash, Cash Equivalents and Short-Term Investments	49.27M	20.54M	10.77M	1.28M	16.43M	15.01M
Total Debt	622.88K	1.47M	1.84M	1.30M	818.17K	1.04M
Total Liabilities	29.61M	18.25M	12.64M	9.59M	11.76M	11.81M
Stockholders Equity	60.14M	47.78M	41.49M	38.59M	40.74M	52.09M
Cash Flow
Free Cash Flow	18.49M	14.62M	11.24M	-11.38M	5.62M	-2.78M
Operating Cash Flow	25.01M	23.19M	13.71M	-6.06M	8.59M	-1.65M
Investing Cash Flow	-6.15M	-11.02M	-2.23M	-5.21M	-2.67M	-1.13M
Financing Cash Flow	-3.96M	-6.81M	-2.09M	-3.73M	-623.38K	-3.30M

CNMC Goldmine Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:5TP, the sentiment is Positive. The current price of 1.02 is below the 20-day moving average (MA) of 1.41, below the 50-day MA of 1.25, and above the 200-day MA of 0.88, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 74.33 is Negative, neither overbought nor oversold. The STOCH value of 92.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:5TP.

CNMC Goldmine Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5TP	76 Outperform	S$672.69M	23.84	41.24%	2.21%	56.03%	204.85%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

CNMC Goldmine Holdings Limited Corporate Events

CNMC Goldmine Disputes RM29.6 Million Additional Tax Assessment on Malaysian Subsidiary

CNMC Goldmine Holdings Limited has disclosed that its 81%-owned Malaysian subsidiary, CMNM Mining Group Sdn. Bhd., has received additional tax assessment notices from the Inland Revenue Board of Malaysia for the years of assessment 2019 to 2024, totaling RM29.57 million, comprising additional income tax and penalties. The assessments stem from the tax authority’s decision to disallow management fee expenses paid by CMNM to the Singapore-listed parent company, on the grounds that these fees are not deductible under Malaysia’s Income Tax Act. The Group, relying on professional tax advice, disputes the basis of the assessments, has engaged tax solicitors, and plans to file an appeal within the prescribed timeframe, while stating that the notices are not expected to materially affect its going concern status or operational viability.

The most recent analyst rating on (SG:5TP) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on CNMC Goldmine Holdings Limited stock, see the SG:5TP Stock Forecast page.

CNMC Goldmine Reports Q3 2025 Financials and Exploration Success

CNMC Goldmine Holdings Limited reported its financial activities for the third quarter ended September 30, 2025, highlighting a variance between projected and actual cash usage due to timing differences in payments. The company conducted successful exploration activities at the Ulu Sokor concession, with significant findings in the Manson’s Lode Deposit, which could potentially impact future production capabilities.

The most recent analyst rating on (SG:5TP) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on CNMC Goldmine Holdings Limited stock, see the SG:5TP Stock Forecast page.