TSXV:EMX

Stock Analysis Report

Executive Summary

EMX Royalty Corporation engages in the acquisition, exploration, and evaluation of metals and mineral properties.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Share Price & News

How has EMX Royalty's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.1%

EMX

-5.7%

CA Metals and Mining

0.3%

CA Market


1 Year Return

7.2%

EMX

9.0%

CA Metals and Mining

0.1%

CA Market

Return vs Industry: EMX underperformed the Canadian Metals and Mining industry which returned 9% over the past year.

Return vs Market: EMX exceeded the Canadian Market which returned 0.1% over the past year.


Shareholder returns

EMXIndustryMarket
7 Day-1.1%-5.7%0.3%
30 Day-2.7%-5.4%-2.5%
90 Day6.0%-5.2%-1.4%
1 Year7.2%7.2%9.8%9.0%3.6%0.1%
3 Year38.0%38.0%-11.7%-13.4%14.3%4.1%
5 Year122.5%122.5%2.5%-1.4%25.0%6.9%

Price Volatility Vs. Market

How volatile is EMX Royalty's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

2.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate EMX's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate EMX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: EMX is good value based on its PE Ratio (2.5x) compared to the Metals and Mining industry average (13.4x).

PE vs Market: EMX is good value based on its PE Ratio (2.5x) compared to the Canadian market (13.7x).


Price to Earnings Growth Ratio

Low 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 is overvalued based on its PB Ratio (1.4x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is EMX Royalty forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

44.6%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as EMX Royalty has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has EMX Royalty performed over the past 5 years?

67.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: EMX has become profitable over the past 5 years, growing earnings by 67.1% per year.

Accelerating Growth: EMX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: EMX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-13.7%).


Return on Equity

High ROE: EMX's Return on Equity (57.1%) is considered outstanding.


Return on Assets

ROA vs Industry: EMX has a higher Return on Assets than the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: EMX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is EMX Royalty's financial position?


Financial Position Analysis

Short Term Liabilities: EMX's short term assets (CA$88.9M) exceeds its short term liabilities (CA$5.7M)

Long Term Liabilities: EMX has no long term liabilities


Debt to Equity History and Analysis

Debt Level: EMX is debt free.

Reducing Debt: EMX had no debt 5 years ago.

Debt Coverage: EMX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: EMX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: EMX has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if EMX's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EMX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of EMX Royalty's salary, the management and board of directors tenure and is there insider trading?

4.6yrs

Average management tenure


CEO

Dave Cole (57yo)

16.6yrs

Tenure

CA$2,234,033

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 ($USD1.69M) is about average for companies of similar size in the Canadian market ($USD121.56K).

Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.6yrs

Average Tenure

59.5yo

Average Age

Experienced Management: EMX's management team is considered experienced (4.6 years average tenure).


Board Age and Tenure

6.9yrs

Average Tenure

66yo

Average Age

Experienced Board: EMX's board of directors are considered experienced (6.9 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyCA$12,22510 Sep 19
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares7,206
Max PriceCA$1.70
BuyCA$33823 Aug 19
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares194
Max PriceCA$1.74
BuyCA$11,52921 Aug 19
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares6,600
Max PriceCA$1.75
BuyCA$3,69419 Aug 19
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares2,000
Max PriceCA$1.85
BuyCA$33,53816 Aug 19
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares18,155
Max PriceCA$1.85
BuyCA$48,83115 Aug 19
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares26,845
Max PriceCA$1.82
BuyCA$41,31614 Aug 19
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares23,039
Max PriceCA$1.79
BuyCA$17,99824 Jun 19
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares11,000
Max PriceCA$1.64
SellCA$355,77214 Jun 19
Paul Stephens
EntityIndividual
Role
Member of Advisory Board
Member of Advisory Board
Shares215,255
Max PriceCA$1.65
SellCA$65,17708 Jun 19
Paul Stephens
EntityIndividual
Role
Member of Advisory Board
Member of Advisory Board
Shares38,444
Max PriceCA$1.71
SellCA$1,646,87925 May 19
Stephens Investment Management, LLC
EntityCompany
Shares1,006,000
Max PriceCA$1.64
SellCA$55,50001 May 19
Jan Steiert
EntityIndividual
Shares37,000
Max PriceCA$1.50
BuyCA$90,00026 Apr 19
David Johnson
EntityIndividual
Shares75,000
Max PriceCA$1.20
SellCA$112,50026 Apr 19
David Johnson
EntityIndividual
Shares75,000
Max PriceCA$1.50
BuyCA$54,00026 Apr 19
Jan Steiert
EntityIndividual
Shares45,000
Max PriceCA$1.20
BuyCA$2,88422 Apr 19
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares2,000
Max PriceCA$1.44
BuyCA$2,91618 Apr 19
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares2,000
Max PriceCA$1.46
BuyCA$90,00012 Apr 19
Michael Winn
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares75,000
Max PriceCA$1.20
BuyCA$14,71127 Dec 18
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceCA$1.47
BuyCA$19,95017 Dec 18
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares13,700
Max PriceCA$1.46
BuyCA$12,11610 Dec 18
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares8,300
Max PriceCA$1.46
BuyCA$370,17508 Nov 18
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares217,750
Max PriceCA$1.70
BuyCA$4,88707 Nov 18
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares2,900
Max PriceCA$1.69
BuyCA$10,18430 Oct 18
David Cole
EntityIndividual
Role
Chief Executive Officer
President
Shares6,100
Max PriceCA$1.68

Ownership Breakdown


Management Team

  • M. Enders (64yo)

    Consultant & Member of Advisory Board

    • Tenure: 4.6yrs
    • Compensation: CA$321.27k
  • Dave Cole (57yo)

    President

    • Tenure: 16.6yrs
    • Compensation: CA$2.23m
  • Dean Turner

    Consultant

    • Tenure: 0yrs
  • Tom Mair (62yo)

    General Manager of Corporate Development

    • Tenure: 2.4yrs
  • Christina Cepeliauskas (55yo)

    Chief Financial Officer

    • Tenure: 11.1yrs
    • Compensation: CA$430.45k
  • Scott Close

    Director of Investor Relations

    • Tenure: 0yrs
  • Malik Duncan

    General Counsel

    • Tenure: 0.8yrs

Board Members

  • Michael Winn (57yo)

    Chairman of the Board

    • Tenure: 7.4yrs
  • Brian Bayley (66yo)

    Director

    • Tenure: 23.4yrs
    • Compensation: CA$81.32k
  • Paul Stephens

    Member of Advisory Board

    • Tenure: 4.7yrs
  • M. Enders (64yo)

    Consultant & Member of Advisory Board

    • Tenure: 4.6yrs
    • Compensation: CA$321.27k
  • Dave Cole (57yo)

    President

    • Tenure: 16.6yrs
    • Compensation: CA$2.23m
  • Larry Okada (70yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: CA$81.32k
  • Brian Levet (66yo)

    Director

    • Tenure: 8.6yrs
    • Compensation: CA$81.32k
  • Rael Lipson (69yo)

    Member of Advisory Board

    • Tenure: 5.3yrs

Company Information

EMX Royalty Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: EMX Royalty Corporation
  • Ticker: EMX
  • Exchange: TSXV
  • Founded: 2001
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$146.386m
  • Shares outstanding: 82.24m
  • Website: https://www.emxroyalty.com

Number of Employees


Location

  • EMX Royalty Corporation
  • 543 Granville Street
  • Suite 501
  • Vancouver
  • British Columbia
  • V6C 1X8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EMXTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 1996
6000000000DB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1996
EMXAMEX (NYSE MKT LLC)YesCommon SharesUSUSDNov 1996

Biography

EMX Royalty Corporation engages in the acquisition, exploration, and evaluation of metals and mineral properties. It explores for gold, silver, copper, molybdenum, lead, zinc, nickel, cobalt, volcanogenic  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 23:49
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.