OSISKO GOLD ROYALTIES LTD (OR) Stock Fundamental Analysis
NYSE:OR - New York Stock Exchange, Inc. - CA68827L1013 - Common Stock - Currency: USD
OR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 152 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making OR a very profitable company, without any liquidiy or solvency issues. OR is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year OR was profitable.
OR had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: OR reported negative net income in multiple years.
OR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
OR has a Return On Assets of 1.48%. This is in the better half of the industry: OR outperforms 62.50% of its industry peers.
With a Return On Equity value of 1.71%, OR perfoms like the industry average, outperforming 58.55% of the companies in the same industry.
The Return On Invested Capital of OR (7.85%) is better than 73.68% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for OR is below the industry average of 8.61%.
The last Return On Invested Capital (7.85%) for OR is above the 3 year average (5.92%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.48% | ||
| ROE | 1.71% | ||
| ROIC | 7.85% |
ROA(3y)-2.43%
ROA(5y)-1.51%
ROE(3y)-2.82%
ROE(5y)-1.79%
ROIC(3y)5.92%
ROIC(5y)4.66%
1.3 Margins
Looking at the Profit Margin, with a value of 10.05%, OR is in the better half of the industry, outperforming 79.61% of the companies in the same industry.
The Operating Margin of OR (66.81%) is better than 99.34% of its industry peers.
OR's Operating Margin has improved in the last couple of years.
OR has a Gross Margin of 79.29%. This is amongst the best in the industry. OR outperforms 98.68% of its industry peers.
In the last couple of years the Gross Margin of OR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 66.81% | ||
| PM (TTM) | 10.05% | ||
| GM | 79.29% |
OM growth 3Y23.11%
OM growth 5Y37.88%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.75%
GM growth 5Y30.4%
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
The number of shares outstanding for OR has been increased compared to 5 years ago.
Compared to 1 year ago, OR has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 13.72 indicates that OR is not in any danger for bankruptcy at the moment.
OR has a Altman-Z score of 13.72. This is amongst the best in the industry. OR outperforms 83.55% of its industry peers.
The Debt to FCF ratio of OR is 1.14, which is an excellent value as it means it would take OR, only 1.14 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.14, OR belongs to the top of the industry, outperforming 86.18% of the companies in the same industry.
OR has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
OR's Debt to Equity ratio of 0.08 is fine compared to the rest of the industry. OR outperforms 63.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 1.14 | ||
| Altman-Z | 13.72 |
ROIC/WACC0.88
WACC8.89%
2.3 Liquidity
OR has a Current Ratio of 4.37. This indicates that OR is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 4.37, OR is doing good in the industry, outperforming 78.95% of the companies in the same industry.
A Quick Ratio of 4.37 indicates that OR has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 4.37, OR belongs to the best of the industry, outperforming 81.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.37 | ||
| Quick Ratio | 4.37 |
3. Growth
3.1 Past
OR shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.56%.
The Earnings Per Share has been growing by 18.35% on average over the past years. This is quite good.
The Revenue for OR has decreased by -18.07% in the past year. This is quite bad
Measured over the past years, OR shows a very negative growth in Revenue. The Revenue has been decreasing by -13.41% on average per year.
EPS 1Y (TTM)1.56%
EPS 3Y21.77%
EPS 5Y18.35%
EPS Q2Q%0%
Revenue 1Y (TTM)-18.07%
Revenue growth 3Y-5.27%
Revenue growth 5Y-13.41%
Sales Q2Q%-12.92%
3.2 Future
The Earnings Per Share is expected to decrease by -2.34% on average over the next years.
OR is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -13.21% yearly.
EPS Next Y30.28%
EPS Next 2Y23.92%
EPS Next 3Y15.48%
EPS Next 5Y-2.34%
Revenue Next Year-13.84%
Revenue Next 2Y-4.68%
Revenue Next 3Y-3.6%
Revenue Next 5Y-13.21%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 35.23, OR can be considered very expensive at the moment.
61.84% of the companies in the same industry are more expensive than OR, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.64. OR is valued slightly more expensive when compared to this.
With a Price/Forward Earnings ratio of 27.04, OR can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of OR is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of OR to the average of the S&P500 Index (21.44), we can say OR is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.23 | ||
| Fwd PE | 27.04 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as OR.
Based on the Price/Free Cash Flow ratio, OR is valued a bit cheaper than the industry average as 63.16% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.52 | ||
| EV/EBITDA | 25.58 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
OR has a very decent profitability rating, which may justify a higher PE ratio.
OR's earnings are expected to grow with 15.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.16
PEG (5Y)1.92
EPS Next 2Y23.92%
EPS Next 3Y15.48%
5. Dividend
5.1 Amount
OR has a yearly dividend return of 0.80%, which is pretty low.
Compared to an average industry Dividend Yield of 2.99, OR pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.80, OR pays less dividend than the S&P500 average, which is at 2.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
5.2 History
The dividend of OR decreases each year by -1.32%.
OR has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of OR decreased recently.
Dividend Growth(5Y)-1.32%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
OR pays out 150.51% of its income as dividend. This is not a sustainable payout ratio.
OR's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP150.51%
EPS Next 2Y23.92%
EPS Next 3Y15.48%
22.9
-0.12 (-0.52%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners83.3%
Inst Owner Change0.09%
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap4.28B
Analysts78.82
Price Target21.71 (-5.2%)
Short Float %0.83%
Short Ratio1.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
Yearly Dividend0.16
Dividend Growth(5Y)-1.32%
DP150.51%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-21.1%
Min EPS beat(2)-44.52%
Max EPS beat(2)2.32%
EPS beat(4)3
Avg EPS beat(4)-8.17%
Min EPS beat(4)-44.52%
Max EPS beat(4)5.97%
EPS beat(8)6
Avg EPS beat(8)3.88%
EPS beat(12)8
Avg EPS beat(12)-8.06%
EPS beat(16)10
Avg EPS beat(16)-9.91%
Revenue beat(2)0
Avg Revenue beat(2)-17.07%
Min Revenue beat(2)-26.88%
Max Revenue beat(2)-7.26%
Revenue beat(4)0
Avg Revenue beat(4)-11.35%
Min Revenue beat(4)-26.88%
Max Revenue beat(4)-3.86%
Revenue beat(8)0
Avg Revenue beat(8)-7.23%
Revenue beat(12)2
Avg Revenue beat(12)-2.58%
Revenue beat(16)4
Avg Revenue beat(16)-1.74%
PT rev (1m)-2.72%
PT rev (3m)-3.9%
EPS NQ rev (1m)0.61%
EPS NQ rev (3m)-23.47%
EPS NY rev (1m)-14.89%
EPS NY rev (3m)-9.31%
Revenue NQ rev (1m)13.59%
Revenue NQ rev (3m)-11.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-9.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.23 | ||
| Fwd PE | 27.04 | ||
| P/S | 21.14 | ||
| P/FCF | 49.52 | ||
| P/OCF | 26.78 | ||
| P/B | 3.6 | ||
| P/tB | 3.85 | ||
| EV/EBITDA | 25.58 |
EPS(TTM)0.65
EY2.84%
EPS(NY)0.85
Fwd EY3.7%
FCF(TTM)0.46
FCFY2.02%
OCF(TTM)0.86
OCFY3.73%
SpS1.08
BVpS6.36
TBVpS5.94
PEG (NY)1.16
PEG (5Y)1.92
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.48% | ||
| ROE | 1.71% | ||
| ROCE | 9.93% | ||
| ROIC | 7.85% | ||
| ROICexc | 8.2% | ||
| ROICexgc | 8.72% | ||
| OM | 66.81% | ||
| PM (TTM) | 10.05% | ||
| GM | 79.29% | ||
| FCFM | 42.68% |
ROA(3y)-2.43%
ROA(5y)-1.51%
ROE(3y)-2.82%
ROE(5y)-1.79%
ROIC(3y)5.92%
ROIC(5y)4.66%
ROICexc(3y)6.25%
ROICexc(5y)4.97%
ROICexgc(3y)6.65%
ROICexgc(5y)5.28%
ROCE(3y)7.5%
ROCE(5y)5.9%
ROICexcg growth 3Y32.46%
ROICexcg growth 5Y27.14%
ROICexc growth 3Y32.42%
ROICexc growth 5Y27.22%
OM growth 3Y23.11%
OM growth 5Y37.88%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.75%
GM growth 5Y30.4%
F-Score7
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 1.14 | ||
| Debt/EBITDA | 0.58 | ||
| Cap/Depr | 218.78% | ||
| Cap/Sales | 36.25% | ||
| Interest Coverage | 18.66 | ||
| Cash Conversion | 94.66% | ||
| Profit Quality | 424.66% | ||
| Current Ratio | 4.37 | ||
| Quick Ratio | 4.37 | ||
| Altman-Z | 13.72 |
F-Score7
WACC8.89%
ROIC/WACC0.88
Cap/Depr(3y)321.87%
Cap/Depr(5y)359.62%
Cap/Sales(3y)71.43%
Cap/Sales(5y)80.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.56%
EPS 3Y21.77%
EPS 5Y18.35%
EPS Q2Q%0%
EPS Next Y30.28%
EPS Next 2Y23.92%
EPS Next 3Y15.48%
EPS Next 5Y-2.34%
Revenue 1Y (TTM)-18.07%
Revenue growth 3Y-5.27%
Revenue growth 5Y-13.41%
Sales Q2Q%-12.92%
Revenue Next Year-13.84%
Revenue Next 2Y-4.68%
Revenue Next 3Y-3.6%
Revenue Next 5Y-13.21%
EBIT growth 1Y0.08%
EBIT growth 3Y16.62%
EBIT growth 5Y19.4%
EBIT Next Year10.98%
EBIT Next 3Y5.24%
EBIT Next 5Y-6.87%
FCF growth 1Y209.04%
FCF growth 3YN/A
FCF growth 5Y63.07%
OCF growth 1Y15.52%
OCF growth 3Y14.66%
OCF growth 5Y11.79%