OSISKO GOLD ROYALTIES LTD (OR) Stock Fundamental Analysis
NYSE:OR - New York Stock Exchange, Inc. - CA68827L1013 - Common Stock - Currency: USD
Taking everything into account, OR scores 5 out of 10 in our fundamental rating. OR was compared to 150 industry peers in the Metals & Mining industry. OR has an excellent financial health rating, but there are some minor concerns on its profitability. OR has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
OR had positive earnings in the past year.
OR had a positive operating cash flow in the past year.
In the past 5 years OR reported 4 times negative net income.
Of the past 5 years OR 4 years had a positive operating cash flow.
1.2 Ratios
OR has a Return On Assets (-2.94%) which is comparable to the rest of the industry.
With a Return On Equity value of -3.30%, OR perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
The Return On Invested Capital of OR (6.50%) is better than 70.63% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for OR is below the industry average of 8.84%.
The last Return On Invested Capital (6.50%) for OR is above the 3 year average (4.33%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
OR has a Operating Margin of 64.32%. This is amongst the best in the industry. OR outperforms 99.30% 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 97.90% of the companies in the same industry.
OR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), OR is destroying value.
There is no outstanding debt for OR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 14.65 indicates that OR is not in any danger for bankruptcy at the moment.
OR has a Altman-Z score of 14.65. This is amongst the best in the industry. OR outperforms 83.92% 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.
Looking at the Debt to FCF ratio, with a value of 0.65, OR belongs to the top of the industry, outperforming 89.51% of the companies in the same industry.
OR has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
OR's Debt to Equity ratio of 0.05 is fine compared to the rest of the industry. OR outperforms 67.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.65 | ||
| Altman-Z | 14.65 |
ROIC/WACC0.69
WACC9.46%
2.3 Liquidity
OR has a Current Ratio of 4.40. This indicates that OR is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 4.40, OR is doing good in the industry, outperforming 79.72% of the companies in the same industry.
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.
OR's Quick ratio of 4.40 is amongst the best of the industry. OR outperforms 82.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.4 | ||
| Quick Ratio | 4.4 |
3. Growth
3.1 Past
OR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.15%, which is quite good.
OR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.72% yearly.
EPS 1Y (TTM)12.15%
EPS 3Y25.86%
EPS 5Y20.72%
EPS Q2Q%42.36%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%23.96%
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 15.46% yearly.
The Revenue is expected to grow by 11.13% on average over the next years. This is quite good.
EPS Next Y38.61%
EPS Next 2Y12.16%
EPS Next 3Y24.08%
EPS Next 5Y15.46%
Revenue Next Year3.33%
Revenue Next 2Y2.67%
Revenue Next 3Y11.13%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 36.49, which means the current valuation is very expensive for OR.
The rest of the industry has a similar Price/Earnings ratio as OR.
OR is valuated rather expensively when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 26.58, which means the current valuation is very expensive for OR.
OR's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.68. OR is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.49 | ||
| Fwd PE | 26.58 |
4.2 Price Multiples
OR's Enterprise Value to EBITDA ratio is in line with the industry average.
OR's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. OR is cheaper than 67.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.66 | ||
| EV/EBITDA | 24.59 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
OR's earnings are expected to grow with 24.08% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.94
PEG (5Y)1.76
EPS Next 2Y12.16%
EPS Next 3Y24.08%
5. Dividend
5.1 Amount
OR has a yearly dividend return of 0.94%, which is pretty low.
Compared to an average industry Dividend Yield of 3.16, OR pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.94, OR pays less dividend than the S&P500 average, which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.94% |
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 decreased its dividend recently.
Dividend Growth(5Y)4.01%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
OR has negative earnings and hence a negative payout ratio. The dividend may be in danger.
OR's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-76.08%
EPS Next 2Y12.16%
EPS Next 3Y24.08%
18.61
-0.43 (-2.26%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners81.65%
Inst Owner Change1.6%
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap3.47B
Analysts78.89
Price Target23.05 (23.86%)
Short Float %0.93%
Short Ratio3.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.94% |
Yearly Dividend0.22
Dividend Growth(5Y)4.01%
DP-76.08%
Div Incr Years1
Div Non Decr Years1
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)2.03%
PT rev (3m)4.92%
EPS NQ rev (1m)11.34%
EPS NQ rev (3m)9.46%
EPS NY rev (1m)2.81%
EPS NY rev (3m)6.46%
Revenue NQ rev (1m)2.7%
Revenue NQ rev (3m)5.91%
Revenue NY rev (1m)0.75%
Revenue NY rev (3m)0.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.49 | ||
| Fwd PE | 26.58 | ||
| P/S | 19.91 | ||
| P/FCF | 36.66 | ||
| P/OCF | 24.61 | ||
| P/B | 2.97 | ||
| P/tB | 3.18 | ||
| EV/EBITDA | 24.59 |
EPS(TTM)0.51
EY2.74%
EPS(NY)0.7
Fwd EY3.76%
FCF(TTM)0.51
FCFY2.73%
OCF(TTM)0.76
OCFY4.06%
SpS0.93
BVpS6.27
TBVpS5.85
PEG (NY)0.94
PEG (5Y)1.76
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 14.65 |
F-Score5
WACC9.46%
ROIC/WACC0.69
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)12.15%
EPS 3Y25.86%
EPS 5Y20.72%
EPS Q2Q%42.36%
EPS Next Y38.61%
EPS Next 2Y12.16%
EPS Next 3Y24.08%
EPS Next 5Y15.46%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%23.96%
Revenue Next Year3.33%
Revenue Next 2Y2.67%
Revenue Next 3Y11.13%
Revenue Next 5YN/A
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%