EMX Royalty (TSXV:EMX) - Share price, News & Analysis

EMX fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

EMX Stock Overview

EMX Royalty Corporation, together with its subsidiaries, engages in the exploring for, and generating royalties from, metals and minerals properties.

Risk Analysis

Earnings have declined by 18% per year over past 5 years

Shareholders have been diluted in the past year

EMX Royalty Competitors

Price History & Performance

Summary of all time highs, changes and price drops for EMX Royalty
Historical stock prices
Current Share Price	CA$2.47
52 Week High	CA$4.39
52 Week Low	CA$2.25
Beta	0.96
1 Month Change	-13.64%
3 Month Change	-15.70%
1 Year Change	-40.63%
3 Year Change	50.61%
5 Year Change	105.83%
Change since IPO	147.00%

Shareholder Returns

	EMX	CA Metals and Mining	CA Market
7D	-1.2%	-8.4%	-3.0%
1Y	-40.6%	-9.6%	4.2%

Return vs Industry: EMX underperformed the Canadian Metals and Mining industry which returned -9.6% over the past year.

Return vs Market: EMX underperformed the Canadian Market which returned 4.2% over the past year.

Price Volatility

Is EMX's price volatile compared to industry and market?
EMX volatility
EMX Average Weekly Movement	7.8%
Metals and Mining Industry Average Movement	10.6%
Market Average Movement	9.6%
10% most volatile stocks in CA Market	16.4%
10% least volatile stocks in CA Market	4.2%

Stable Share Price: EMX is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: EMX's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	40	Dave Cole	https://www.emxroyalty.com

EMX Royalty Corporation, together with its subsidiaries, engages in the exploring for, and generating royalties from, metals and minerals properties. It explores for gold, silver, platinum, palladium, copper, lead, zinc, nickel, cobalt, volcanogenic massive sulfide, molybdenum, and iron deposits. The company’s royalty and exploration portfolio primarily consist of properties in North America, Turkey, Europe, Australia, New Zealand, South America, as well as Sweden, and Norway.

EMX Royalty Fundamentals Summary

How do EMX Royalty's earnings and revenue compare to its market cap?
EMX fundamental statistics
Market Cap	CA$270.18m
Earnings (TTM)	-CA$29.75m
Revenue (TTM)	CA$9.43m

28.6x

P/S Ratio

-9.1x

P/E Ratio

Is EMX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
EMX income statement (TTM)
Revenue	CA$9.43m
Cost of Revenue	CA$9.49m
Gross Profit	-CA$60.00k
Other Expenses	CA$29.69m
Earnings	-CA$29.75m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.27
Gross Margin	-0.63%
Net Profit Margin	-315.34%
Debt/Equity Ratio	46.3%

How did EMX perform over the long term?

See historical performance and comparison

Valuation

Is EMX Royalty undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

1.94x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate EMX's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate EMX's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: EMX is unprofitable, so we can't compare its PE Ratio to the Canadian Metals and Mining industry average.

PE vs Market: EMX is unprofitable, so we can't compare its PE Ratio to the Canadian market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EMX's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: EMX's PB Ratio (1.9x) is in line with the CA Metals and Mining industry average.

Future Growth

How is EMX Royalty forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

7.3%

Forecasted Materials industry annual growth in earnings

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if EMX's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if EMX's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if EMX's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if EMX's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if EMX's Return on Equity is forecast to be high in 3 years time

Past Performance

How has EMX Royalty performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-18.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EMX is currently unprofitable.

Growing Profit Margin: EMX is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: EMX is unprofitable, and losses have increased over the past 5 years at a rate of 18% per year.

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

Earnings vs Industry: EMX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.1%).

Return on Equity

High ROE: EMX has a negative Return on Equity (-21.4%), as it is currently unprofitable.

Financial Health

How is EMX Royalty's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: EMX's short term assets (CA$56.5M) do not cover its short term liabilities (CA$70.8M).

Long Term Liabilities: EMX has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: EMX's net debt to equity ratio (17.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if EMX's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: EMX's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if EMX's interest payments on its debt are well covered by EBIT.

Balance Sheet

Dividend

What is EMX Royalty current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate EMX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate EMX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if EMX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EMX's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as EMX has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Materials industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

5.1yrs

Average management tenure

CEO

Dave Cole (59 yo)

19.17yrs

Tenure

CA$1,046,156

Compensation

Mr. David Morrell Cole, also known as Dave, M.S. (Geology), P.Geo., has been President of Bullion Monarch Mining, Inc. since August 17, 2012. Mr. Cole has been the Chief Executive Officer and President of...

CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD808.98K) is about average for companies of similar size in the Canadian market ($USD645.56K).

Compensation vs Earnings: Dave's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: EMX's management team is seasoned and experienced (5.1 years average tenure).

Board Members

Experienced Board: EMX's board of directors are seasoned and experienced ( 10 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: EMX insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.8%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/15 00:00
End of Day Share Price	2022/05/13 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31