Forensic Analysis · Energy / Oil & Gas · as of Jun 27, 2026
Collective Mining Ltd. (CNL)
A forensic read on Collective Mining Ltd. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Clean
Earnings quality
2
Forensic signals
-44.0%
ROE
$1.2B
Market cap
Collective Mining Ltd. earns a D (Weak — demands caution) forensic quality grade. 2 forensic signals were flagged in its latest SEC filings, led by accruals ratio.
What the filings flag
+256.7%Accruals ratio. Net operating assets grew +256.7% relative to their average in FY2025 — the accrual component of earnings. Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The cash-flow cross-check agrees: reported earnings ran behind operating cash by -206% of net operating assets.
-214%Return on invested capital. Return on invested capital is -214% and steady — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
Key fundamentals
Return on Equity-34.4%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Collective Mining Ltd.:
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🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown
🔒Peer comparison + filing-change monitoring & alerts
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Data from SEC EDGAR public filings · metrics as of Jun 27, 2026. Forensic signals flag probability, not certainty.