Elemental Altus Royalties Past Earnings Performance

Past criteria checks 0/6

Elemental Altus Royalties's earnings have been declining at an average annual rate of -54.4%, while the Metals and Mining industry saw earnings growing at 28.9% annually. Revenues have been growing at an average rate of 32.7% per year.

Key information

-54.4%

Earnings growth rate

-14.5%

EPS growth rate

Metals and Mining Industry Growth	27.4%
Revenue growth rate	32.7%
Return on equity	-2.0%
Net Margin	-25.9%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Returns On Capital At Elemental Royalties (CVE:ELE) Paint A Concerning Picture

Sep 03

We Think Elemental Royalties (CVE:ELE) Can Easily Afford To Drive Business Growth

May 08

Are Investors Undervaluing Elemental Royalties Corp. (CVE:ELE) By 47%?

Mar 16

Revenue & Expenses Breakdown
Beta

How Elemental Altus Royalties makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSXV:ELE Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	12	-3	7
30 Sep 23	10	-17	10
30 Jun 23	11	-18	9
31 Mar 23	10	-19	8
31 Dec 22	10	-18	7
30 Sep 22	9	-8	4
30 Jun 22	9	-6	4
31 Mar 22	8	-5	4
31 Dec 21	7	-5	4
30 Sep 21	6	-3	3
30 Jun 21	5	-4	2
31 Mar 21	5	-3	2
31 Dec 20	5	-3	2
30 Sep 20	4	-3	1
30 Jun 20	4	-1	1
31 Mar 20	3	0	1
31 Dec 19	2	0	1
31 Dec 18	1	0	1
31 Dec 17	1	0	0

Quality Earnings: ELE is currently unprofitable.

Growing Profit Margin: ELE is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ELE is unprofitable, and losses have increased over the past 5 years at a rate of 54.4% per year.

Accelerating Growth: Unable to compare ELE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ELE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-22.5%).

Return on Equity

High ROE: ELE has a negative Return on Equity (-1.96%), as it is currently unprofitable.

Elemental Altus Royalties Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Full year 2023 earnings released: US$0.016 loss per share (vs US$0.17 loss in FY 2022)

Third quarter 2023 earnings released: US$0.012 loss per share (vs US$0.028 loss in 3Q 2022)

Second quarter 2023 earnings released: US$0.008 loss per share (vs US$0.03 loss in 2Q 2022)

Full year 2022 earnings released: US$0.17 loss per share (vs US$0.071 loss in FY 2021)

Third quarter 2022 earnings released: US$0.028 loss per share (vs US$0.012 loss in 3Q 2021)

Second quarter 2022 earnings released: US$0.03 loss per share (vs US$0.017 loss in 2Q 2021)

Recent updates

Price target increased by 8.0% to CA$2.03

Full year 2023 earnings released: US$0.016 loss per share (vs US$0.17 loss in FY 2022)

Elemental Altus Royalties Corp. Provides Production Guidance for the Year 2024

Elemental Altus Royalties Corp. Announces Resignation of Steven Poulton Executive Chairman, Effective January 01, 2024

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: US$0.012 loss per share (vs US$0.028 loss in 3Q 2022)

New major risk - Financial position

Elemental Altus Royalties Corp. Notes Development Approval of Diba Project by Allied Gold

Executive Chairman recently bought CA$58k worth of stock

Second quarter 2023 earnings released: US$0.008 loss per share (vs US$0.03 loss in 2Q 2022)

Elemental Altus Royalties Corp. Affirms Production Guidance for the Year 2023

Elemental Altus Royalties Corp., Annual General Meeting, Sep 07, 2023

Full year 2022 earnings released: US$0.17 loss per share (vs US$0.071 loss in FY 2021)

Price target decreased by 10% to CA$1.89

Price target decreased by 9.4% to CA$2.02

Elemental Altus Royalties Corp. (TSXV:ELE) entered into a definitive agreement to acquire Non-Core Royalty Portfolio from First Mining Gold Corp. (TSX:FF) for CAD 6.7 million.

Elemental Altus Royalties Corp. Announces Appointment of David Baker as Chief Financial Officer

Elemental Altus Royalties Corp. announced that it has received CAD 5.082876 million in funding

Price target decreased to CA$2.02

Third quarter 2022 earnings released: US$0.028 loss per share (vs US$0.012 loss in 3Q 2021)

Now 21% undervalued

Less than half of directors are independent

Now 24% undervalued after recent price drop

Elemental Altus Royalties Corp. Notes Increase in Reserves and Resources At Karlawinda Gold Mine, Australia

Elemental Royalties Corp. (TSXV:ELE) completed the acquisition of Altus Strategies plc from Lmh Explorers S.A R.L., Condire Resource Master Partnership, LP managed by Condire Management, LP and others.

Second quarter 2022 earnings released: US$0.03 loss per share (vs US$0.017 loss in 2Q 2021)

Less than half of directors are independent

Elemental Royalties Corp. Approves the Election of Steven Poulton, Karim Nasr and David Netherway as Directors of Combined Company

Elemental Royalties Corp., Annual General Meeting, Aug 08, 2022

Elemental Royalties Corp. (TSXV:ELE) agreed to acquire Altus Strategies plc (AIM:ALS) from Lmh Explorers S.A R.L., Condire Resource Master Partnership, LP managed by Condire Management, LP and others for £60 million

Elemental Royalties Corp. (TSXV:ELE) agreed to acquire Altus Strategies plc (AIM:ALS) from Lmh Explorers S.A R.L., Condire Resource Master Partnership, LP managed by Condire Management, LP and others for £60 million

Elemental Royalties Corp. Provides an Update Regarding Developments At Several Assets in Its High-Quality Royalty and Stream Portfolio Including Producing Assets Ming, Karlawinda, Wahgnion, and Amancaya

Gold Royalty Corp. (NYSEAM:GROY) cancelled the acquisition of Elemental Royalties Corp. (TSXV:ELE).

Now 20% undervalued after recent price drop

High number of new and inexperienced directors

High number of new and inexperienced directors

Elemental Royalties Corp. announced that it has received CAD 14.00525 million in funding from La Mancha Holding S.a.r.l., Investment Arm, Euro Pacific Asset Management, LLC

Elemental Royalties Corp. Provides Operational and Revenue Guidance for the Year 2022

Gold Royalty Corp. (NYSEAM:GROY) announced intention to acquire Elemental Royalties Corp. (TSXV:ELE) for approximately CAD 130 million.

Independent Director recently bought CA$78k worth of stock

Third quarter 2021 earnings released: US$0.012 loss per share (vs US$0.032 loss in 3Q 2020)

Independent Director recently bought CA$65k worth of stock

Returns On Capital At Elemental Royalties (CVE:ELE) Paint A Concerning Picture

Elemental Royalties Corp. Provides Production Guidance for the Year 2021

Second quarter 2021 earnings released: US$0.017 loss per share (vs US$0.16 loss in 2Q 2020)

Elemental Royalties Corp. Notes Start of Ore Processing at Key Karlawinda Royalty and Progress at Panton Royalty

Elemental Royalties Notes Commissioning of Cornerstone Karlawinda Mine

Elemental Royalties Corp. Provides Production Guidance for the Year 2021

Elemental Royalties Notes Ongoing High-Grade Discoveries At Key Amancaya Royalty

We Think Elemental Royalties (CVE:ELE) Can Easily Afford To Drive Business Growth

Full year 2020 earnings released

Elemental Royalties Corp. Provides Revenue and Production Guidance for the Full Year 2021

Are Investors Undervaluing Elemental Royalties Corp. (CVE:ELE) By 47%?

New 90-day low: CA$1.38

Elemental Royalties Notes High Grade Extensions at Producing Amancaya Mine, Karlawinda Construction on Track

Elemental Royalties Corp. Expands and Confirming the Continuity of Higher-Grade Mineralization in Several Areas of the Mercedes Project

Elemental Royalties Corp. announced that it expects to receive CAD 12 million in funding

First half earnings released

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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