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TRIPLE FLAG PRECIOUS MET (TFPM.CA) Stock Fundamental Analysis

TSX:TFPM - Toronto Stock Exchange - CA89679M1041 - Common Stock - Currency: CAD

23.9  +0.5 (+2.14%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to TFPM. TFPM was compared to 820 industry peers in the Metals & Mining industry. TFPM is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. TFPM is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

TFPM had positive earnings in the past year.
In the past year TFPM had a positive cash flow from operations.
Of the past 5 years TFPM 4 years were profitable.
TFPM had a positive operating cash flow in 4 of the past 5 years.
TFPM.CA Yearly Net Income VS EBIT VS OCF VS FCFTFPM.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 0 -200M -400M -600M

1.2 Ratios

With a decent Return On Assets value of -3.08%, TFPM is doing good in the industry, outperforming 75.41% of the companies in the same industry.
TFPM's Return On Equity of -3.19% is fine compared to the rest of the industry. TFPM outperforms 77.30% of its industry peers.
TFPM has a Return On Invested Capital of 2.42%. This is amongst the best in the industry. TFPM outperforms 89.05% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TFPM is significantly below the industry average of 11.94%.
Industry RankSector Rank
ROA -3.08%
ROE -3.19%
ROIC 2.42%
ROA(3y)3.18%
ROA(5y)2.34%
ROE(3y)3.23%
ROE(5y)2.57%
ROIC(3y)3.37%
ROIC(5y)2.59%
TFPM.CA Yearly ROA, ROE, ROICTFPM.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 0 2 -2 4

1.3 Margins

TFPM's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 23.88%, TFPM belongs to the best of the industry, outperforming 94.32% of the companies in the same industry.
In the last couple of years the Operating Margin of TFPM has declined.
The Gross Margin of TFPM (54.87%) is better than 96.76% of its industry peers.
In the last couple of years the Gross Margin of TFPM has grown nicely.
Industry RankSector Rank
OM 23.88%
PM (TTM) N/A
GM 54.87%
OM growth 3Y-4.38%
OM growth 5YN/A
PM growth 3Y-28.84%
PM growth 5YN/A
GM growth 3Y3.99%
GM growth 5Y77.07%
TFPM.CA Yearly Profit, Operating, Gross MarginsTFPM.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 0 20 -20 40

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7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TFPM is destroying value.
TFPM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
TFPM.CA Yearly Shares OutstandingTFPM.CA Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
TFPM.CA Yearly Total Debt VS Total AssetsTFPM.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

TFPM has an Altman-Z score of 32.16. This indicates that TFPM is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of TFPM (32.16) is better than 85.54% of its industry peers.
The Debt to FCF ratio of TFPM is 0.30, which is an excellent value as it means it would take TFPM, only 0.30 years of fcf income to pay off all of its debts.
TFPM has a Debt to FCF ratio of 0.30. This is amongst the best in the industry. TFPM outperforms 95.68% of its industry peers.
A Debt/Equity ratio of 0.02 indicates that TFPM is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.02, TFPM is in line with its industry, outperforming 41.08% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.3
Altman-Z 32.16
ROIC/WACC0.26
WACC9.46%
TFPM.CA Yearly LT Debt VS Equity VS FCFTFPM.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 0 500M -500M 1B 1.5B

2.3 Liquidity

TFPM has a Current Ratio of 3.18. This indicates that TFPM is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.18, TFPM is in the better half of the industry, outperforming 62.84% of the companies in the same industry.
A Quick Ratio of 3.05 indicates that TFPM has no problem at all paying its short term obligations.
TFPM's Quick ratio of 3.05 is fine compared to the rest of the industry. TFPM outperforms 63.51% of its industry peers.
Industry RankSector Rank
Current Ratio 3.18
Quick Ratio 3.05
TFPM.CA Yearly Current Assets VS Current LiabilitesTFPM.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M

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2

3. Growth

3.1 Past

TFPM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 70.59%, which is quite impressive.
EPS 1Y (TTM)70.59%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%43.43%

3.2 Future

The Earnings Per Share is expected to grow by 19.25% on average over the next years. This is quite good.
TFPM is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.85% yearly.
EPS Next Y23.02%
EPS Next 2Y12.3%
EPS Next 3Y18.66%
EPS Next 5Y19.25%
Revenue Next Year10.76%
Revenue Next 2Y5.08%
Revenue Next 3Y-1.85%
Revenue Next 5YN/A

3.3 Evolution

TFPM.CA Yearly Revenue VS EstimatesTFPM.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M
TFPM.CA Yearly EPS VS EstimatesTFPM.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.2 0.4 0.6 0.8 1

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6

4. Valuation

4.1 Price/Earnings Ratio

TFPM is valuated quite expensively with a Price/Earnings ratio of 29.15.
Compared to the rest of the industry, the Price/Earnings ratio of TFPM indicates a rather cheap valuation: TFPM is cheaper than 88.24% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.63, TFPM is valued at the same level.
Based on the Price/Forward Earnings ratio of 23.60, the valuation of TFPM can be described as rather expensive.
Based on the Price/Forward Earnings ratio, TFPM is valued cheaply inside the industry as 87.97% of the companies are valued more expensively.
TFPM's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.68.
Industry RankSector Rank
PE 29.15
Fwd PE 23.6
TFPM.CA Price Earnings VS Forward Price EarningsTFPM.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, TFPM is valued cheaply inside the industry as 88.24% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, TFPM is valued cheaper than 92.16% of the companies in the same industry.
Industry RankSector Rank
P/FCF 27.57
EV/EBITDA 25.68
TFPM.CA Per share dataTFPM.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

TFPM's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
TFPM has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as TFPM's earnings are expected to grow with 18.66% in the coming years.
PEG (NY)1.27
PEG (5Y)N/A
EPS Next 2Y12.3%
EPS Next 3Y18.66%

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3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.20%, TFPM has a reasonable but not impressive dividend return.
TFPM's Dividend Yield is rather good when compared to the industry average which is at 7.55. TFPM pays more dividend than 95.81% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, TFPM's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.2%

5.2 History

TFPM has paid a dividend for less than 5 years, so there is no long track record yet.
TFPM has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years3
TFPM.CA Yearly Dividends per shareTFPM.CA Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 0.05 0.1 0.15 0.2

5.3 Sustainability

TFPM has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-78.34%
EPS Next 2Y12.3%
EPS Next 3Y18.66%
TFPM.CA Yearly Income VS Free CF VS DividendTFPM.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 0 -200M -400M -600M

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TRIPLE FLAG PRECIOUS MET

TSX:TFPM (2/21/2025, 7:00:00 PM)

23.9

+0.5 (+2.14%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-19 2025-02-19/amc
Earnings (Next)05-05 2025-05-05/amc
Inst Owners86.11%
Inst Owner ChangeN/A
Ins Owners2.39%
Ins Owner ChangeN/A
Market Cap4.81B
Analysts81.25
Price Target30.57 (27.91%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.2%
Yearly Dividend0.23
Dividend Growth(5Y)N/A
DP-78.34%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.1%
Min EPS beat(2)6.95%
Max EPS beat(2)9.24%
EPS beat(4)4
Avg EPS beat(4)9.26%
Min EPS beat(4)6.95%
Max EPS beat(4)12.04%
EPS beat(8)5
Avg EPS beat(8)-0.6%
EPS beat(12)7
Avg EPS beat(12)-2.4%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)1.05%
Min Revenue beat(2)-0.74%
Max Revenue beat(2)2.84%
Revenue beat(4)3
Avg Revenue beat(4)0.97%
Min Revenue beat(4)-0.74%
Max Revenue beat(4)2.84%
Revenue beat(8)5
Avg Revenue beat(8)1.03%
Revenue beat(12)6
Avg Revenue beat(12)-1.74%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.75%
PT rev (3m)5.06%
EPS NQ rev (1m)4.66%
EPS NQ rev (3m)4.66%
EPS NY rev (1m)2.35%
EPS NY rev (3m)2.89%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)0.2%
Revenue NY rev (1m)-0.18%
Revenue NY rev (3m)2.22%
Valuation
Industry RankSector Rank
PE 29.15
Fwd PE 23.6
P/S 13.74
P/FCF 27.57
P/OCF 18.05
P/B 1.98
P/tB 1.98
EV/EBITDA 25.68
EPS(TTM)0.82
EY3.43%
EPS(NY)1.01
Fwd EY4.24%
FCF(TTM)0.87
FCFY3.63%
OCF(TTM)1.32
OCFY5.54%
SpS1.74
BVpS12.06
TBVpS12.06
PEG (NY)1.27
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.08%
ROE -3.19%
ROCE 3.36%
ROIC 2.42%
ROICexc 2.45%
ROICexgc 2.45%
OM 23.88%
PM (TTM) N/A
GM 54.87%
FCFM 49.85%
ROA(3y)3.18%
ROA(5y)2.34%
ROE(3y)3.23%
ROE(5y)2.57%
ROIC(3y)3.37%
ROIC(5y)2.59%
ROICexc(3y)3.52%
ROICexc(5y)2.7%
ROICexgc(3y)3.52%
ROICexgc(5y)2.7%
ROCE(3y)4.68%
ROCE(5y)3.6%
ROICexcg growth 3Y2.33%
ROICexcg growth 5YN/A
ROICexc growth 3Y2.33%
ROICexc growth 5YN/A
OM growth 3Y-4.38%
OM growth 5YN/A
PM growth 3Y-28.84%
PM growth 5YN/A
GM growth 3Y3.99%
GM growth 5Y77.07%
F-Score6
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.3
Debt/EBITDA 0.28
Cap/Depr 88.33%
Cap/Sales 26.28%
Interest Coverage 10.28
Cash Conversion 141.95%
Profit Quality N/A
Current Ratio 3.18
Quick Ratio 3.05
Altman-Z 32.16
F-Score6
WACC9.46%
ROIC/WACC0.26
Cap/Depr(3y)163.32%
Cap/Depr(5y)452.33%
Cap/Sales(3y)54.02%
Cap/Sales(5y)220.36%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)70.59%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
EPS Next Y23.02%
EPS Next 2Y12.3%
EPS Next 3Y18.66%
EPS Next 5Y19.25%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%43.43%
Revenue Next Year10.76%
Revenue Next 2Y5.08%
Revenue Next 3Y-1.85%
Revenue Next 5YN/A
EBIT growth 1Y-20.71%
EBIT growth 3Y16.57%
EBIT growth 5YN/A
EBIT Next Year148.47%
EBIT Next 3Y48.96%
EBIT Next 5Y25.82%
FCF growth 1Y34.92%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y69.61%
OCF growth 3Y22.24%
OCF growth 5Y40.73%