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OSISKO GOLD ROYALTIES LTD (OR.CA) Stock Fundamental Analysis

TSX:OR - Toronto Stock Exchange - CA68827L1013 - Common Stock

27.05  0 (0%)

Fundamental Rating

6

Overall OR gets a fundamental rating of 6 out of 10. We evaluated OR against 825 industry peers in the Metals & Mining industry. OR is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. OR has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

In the past year OR was profitable.
In the past year OR had a positive cash flow from operations.
In the past 5 years OR reported 4 times negative net income.
OR had a positive operating cash flow in each of the past 5 years.
OR.CA Yearly Net Income VS EBIT VS OCF VS FCFOR.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M -200M

1.2 Ratios

The Return On Assets of OR (-2.94%) is better than 76.49% of its industry peers.
The Return On Equity of OR (-3.30%) is better than 76.89% of its industry peers.
With an excellent Return On Invested Capital value of 6.50%, OR belongs to the best of the industry, outperforming 93.78% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for OR is significantly below the industry average of 11.88%.
The 3 year average ROIC (4.33%) for OR is below the current ROIC(6.50%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -2.94%
ROE -3.3%
ROIC 6.5%
ROA(3y)-3.13%
ROA(5y)-4.14%
ROE(3y)-3.74%
ROE(5y)-5.18%
ROIC(3y)4.33%
ROIC(5y)3.47%
OR.CA Yearly ROA, ROE, ROICOR.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 -10 -15

1.3 Margins

OR has a Operating Margin of 64.32%. This is amongst the best in the industry. OR outperforms 99.59% of its industry peers.
OR's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 77.95%, OR belongs to the top of the industry, outperforming 98.51% of the companies in the same industry.
OR's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 64.32%
PM (TTM) N/A
GM 77.95%
OM growth 3Y19.02%
OM growth 5Y43.75%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.01%
GM growth 5Y39.01%
OR.CA Yearly Profit, Operating, Gross MarginsOR.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 60

7

2. Health

2.1 Basic Checks

OR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, OR has more shares outstanding
OR has more shares outstanding than it did 5 years ago.
OR has a worse debt/assets ratio than last year.
OR.CA Yearly Shares OutstandingOR.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M
OR.CA Yearly Total Debt VS Total AssetsOR.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B 2.5B

2.2 Solvency

OR has an Altman-Z score of 14.64. This indicates that OR is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of OR (14.64) is better than 78.38% of its industry peers.
OR has a debt to FCF ratio of 0.65. This is a very positive value and a sign of high solvency as it would only need 0.65 years to pay back of all of its debts.
OR has a Debt to FCF ratio of 0.65. This is amongst the best in the industry. OR outperforms 94.86% of its industry peers.
A Debt/Equity ratio of 0.05 indicates that OR is not too dependend on debt financing.
The Debt to Equity ratio of OR (0.05) is worse than 63.65% of its industry peers.
Although OR does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.65
Altman-Z 14.64
ROIC/WACC0.64
WACC10.18%
OR.CA Yearly LT Debt VS Equity VS FCFOR.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 4.40 indicates that OR has no problem at all paying its short term obligations.
OR's Current ratio of 4.40 is fine compared to the rest of the industry. OR outperforms 72.84% of its industry peers.
OR has a Quick Ratio of 4.40. This indicates that OR is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of OR (4.40) is better than 73.78% of its industry peers.
Industry RankSector Rank
Current Ratio 4.4
Quick Ratio 4.4
OR.CA Yearly Current Assets VS Current LiabilitesOR.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

5

3. Growth

3.1 Past

The earnings per share for OR have decreased by -2.99% in the last year.
OR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 26.19% yearly.
Looking at the last year, OR shows a small growth in Revenue. The Revenue has grown by 1.62% in the last year.
Measured over the past years, OR shows a very negative growth in Revenue. The Revenue has been decreasing by -12.80% on average per year.
EPS 1Y (TTM)-2.99%
EPS 3Y35.02%
EPS 5Y26.19%
EPS Q2Q%25%
Revenue 1Y (TTM)1.62%
Revenue growth 3Y5.01%
Revenue growth 5Y-12.8%
Sales Q2Q%-7.76%

3.2 Future

OR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.92% yearly.
The Revenue is expected to grow by 18.05% on average over the next years. This is quite good.
EPS Next Y9.44%
EPS Next 2Y20.79%
EPS Next 3Y17.03%
EPS Next 5Y14.92%
Revenue Next Year4.19%
Revenue Next 2Y16.34%
Revenue Next 3Y14.21%
Revenue Next 5Y18.05%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
OR.CA Yearly Revenue VS EstimatesOR.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M
OR.CA Yearly EPS VS EstimatesOR.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.2 0.4 0.6 0.8 1

5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 41.62 indicates a quite expensive valuation of OR.
Based on the Price/Earnings ratio, OR is valued cheaply inside the industry as 86.76% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.96. OR is valued slightly more expensive when compared to this.
The Price/Forward Earnings ratio is 28.97, which means the current valuation is very expensive for OR.
86.62% of the companies in the same industry are more expensive than OR, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of OR to the average of the S&P500 Index (24.11), we can say OR is valued slightly more expensively.
Industry RankSector Rank
PE 41.62
Fwd PE 28.97
OR.CA Price Earnings VS Forward Price EarningsOR.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, OR is valued cheaply inside the industry as 87.97% of the companies are valued more expensively.
91.89% of the companies in the same industry are more expensive than OR, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 37.49
EV/EBITDA 24.58
OR.CA Per share dataOR.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates OR does not grow enough to justify the current Price/Earnings ratio.
OR has a very decent profitability rating, which may justify a higher PE ratio.
OR's earnings are expected to grow with 17.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.41
PEG (5Y)1.59
EPS Next 2Y20.79%
EPS Next 3Y17.03%

5

5. Dividend

5.1 Amount

OR has a yearly dividend return of 0.96%, which is pretty low.
Compared to an average industry Dividend Yield of 3.30, OR pays a better dividend. On top of this OR pays more dividend than 95.27% of the companies listed in the same industry.
With a Dividend Yield of 0.96, OR pays less dividend than the S&P500 average, which is at 2.29.
Industry RankSector Rank
Dividend Yield 0.96%

5.2 History

The dividend of OR has a limited annual growth rate of 4.01%.
OR has paid a dividend for at least 10 years, which is a reliable track record.
OR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.01%
Div Incr Years4
Div Non Decr Years10
OR.CA Yearly Dividends per shareOR.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.1 0.2 0.3

5.3 Sustainability

The earnings of OR are negative and hence is the payout ratio. OR will probably not be able to sustain this dividend level.
OR's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-76.08%
EPS Next 2Y20.79%
EPS Next 3Y17.03%
OR.CA Yearly Income VS Free CF VS DividendOR.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -50M -100M -150M -200M

OSISKO GOLD ROYALTIES LTD

TSX:OR (1/17/2025, 7:00:00 PM)

27.05

0 (0%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-06 2024-11-06/amc
Earnings (Next)02-18 2025-02-18/amc
Inst Owners81.65%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap5.05B
Analysts81
Price Target32.34 (19.56%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.96%
Yearly Dividend0.22
Dividend Growth(5Y)4.01%
DP-76.08%
Div Incr Years4
Div Non Decr Years10
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.15%
Min EPS beat(2)2.32%
Max EPS beat(2)5.97%
EPS beat(4)4
Avg EPS beat(4)5.06%
Min EPS beat(4)2.32%
Max EPS beat(4)8.38%
EPS beat(8)7
Avg EPS beat(8)14.68%
EPS beat(12)8
Avg EPS beat(12)-11.05%
EPS beat(16)10
Avg EPS beat(16)-9.13%
Revenue beat(2)0
Avg Revenue beat(2)-7.33%
Min Revenue beat(2)-7.39%
Max Revenue beat(2)-7.26%
Revenue beat(4)0
Avg Revenue beat(4)-5.46%
Min Revenue beat(4)-7.39%
Max Revenue beat(4)-3.34%
Revenue beat(8)0
Avg Revenue beat(8)-4.31%
Revenue beat(12)2
Avg Revenue beat(12)-0.61%
Revenue beat(16)4
Avg Revenue beat(16)-0.44%
PT rev (1m)0.79%
PT rev (3m)11.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.69%
EPS NY rev (1m)0%
EPS NY rev (3m)1.99%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.13%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)0.03%
Valuation
Industry RankSector Rank
PE 41.62
Fwd PE 28.97
P/S 20.35
P/FCF 37.49
P/OCF 25.16
P/B 3.03
P/tB 3.25
EV/EBITDA 24.58
EPS(TTM)0.65
EY2.4%
EPS(NY)0.93
Fwd EY3.45%
FCF(TTM)0.72
FCFY2.67%
OCF(TTM)1.07
OCFY3.97%
SpS1.33
BVpS8.91
TBVpS8.32
PEG (NY)4.41
PEG (5Y)1.59
Profitability
Industry RankSector Rank
ROA -2.94%
ROE -3.3%
ROCE 8.62%
ROIC 6.5%
ROICexc 6.77%
ROICexgc 7.22%
OM 64.32%
PM (TTM) N/A
GM 77.95%
FCFM 54.3%
ROA(3y)-3.13%
ROA(5y)-4.14%
ROE(3y)-3.74%
ROE(5y)-5.18%
ROIC(3y)4.33%
ROIC(5y)3.47%
ROICexc(3y)4.54%
ROICexc(5y)3.7%
ROICexgc(3y)4.83%
ROICexgc(5y)3.93%
ROCE(3y)5.75%
ROCE(5y)4.6%
ROICexcg growth 3Y27.57%
ROICexcg growth 5Y27.53%
ROICexc growth 3Y27.42%
ROICexc growth 5Y27.4%
OM growth 3Y19.02%
OM growth 5Y43.75%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.01%
GM growth 5Y39.01%
F-Score5
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.65
Debt/EBITDA 0.42
Cap/Depr 143.98%
Cap/Sales 26.59%
Interest Coverage 11.36
Cash Conversion 97.71%
Profit Quality N/A
Current Ratio 4.4
Quick Ratio 4.4
Altman-Z 14.64
F-Score5
WACC10.18%
ROIC/WACC0.64
Cap/Depr(3y)426.75%
Cap/Depr(5y)349.76%
Cap/Sales(3y)99.66%
Cap/Sales(5y)77.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.99%
EPS 3Y35.02%
EPS 5Y26.19%
EPS Q2Q%25%
EPS Next Y9.44%
EPS Next 2Y20.79%
EPS Next 3Y17.03%
EPS Next 5Y14.92%
Revenue 1Y (TTM)1.62%
Revenue growth 3Y5.01%
Revenue growth 5Y-12.8%
Sales Q2Q%-7.76%
Revenue Next Year4.19%
Revenue Next 2Y16.34%
Revenue Next 3Y14.21%
Revenue Next 5Y18.05%
EBIT growth 1Y19.75%
EBIT growth 3Y24.98%
EBIT growth 5Y25.36%
EBIT Next Year44.61%
EBIT Next 3Y29.09%
EBIT Next 5Y28.46%
FCF growth 1Y813.33%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y170.4%
OCF growth 3Y20.09%
OCF growth 5Y17.87%