Orogen Royalties (TSXV:OGN) - Share price, News & Analysis

OGN fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	1/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

OGN Stock Overview

Orogen Royalties Inc. operates as a mineral exploration company in Canada, the United States, and Mexico.

Rewards

Revenue is forecast to grow 7.6% per year

Earnings have grown 7.8% per year over the past 5 years

Risk Analysis

Does not have meaningful revenue (CA$2M)

Does not have a meaningful market cap (CA$72M)

Orogen Royalties Competitors

GoldSpot Discoveries

TSXV:SPOT

CA$47.8m

Titan Mining

TSX:TI

CA$80.6m

Altaley Mining

TSXV:ATLY

CA$53.0m

Excelsior Mining

TSX:MIN

CA$52.2m

Price History & Performance

Summary of all time highs, changes and price drops for Orogen Royalties
Historical stock prices
Current Share Price	CA$0.41
52 Week High	CA$0.58
52 Week Low	CA$0.33
Beta	1.44
1 Month Change	1.25%
3 Month Change	-1.22%
1 Year Change	19.12%
3 Year Change	19.12%
5 Year Change	50.00%
Change since IPO	-19.00%

Shareholder Returns

	OGN	CA Metals and Mining	CA Market
7D	-6.9%	0.9%	2.5%
1Y	19.1%	-14.4%	1.0%

Return vs Industry: OGN exceeded the Canadian Metals and Mining industry which returned -14.3% over the past year.

Return vs Market: OGN exceeded the Canadian Market which returned 0.7% over the past year.

Price Volatility

Is OGN's price volatile compared to industry and market?
OGN volatility
OGN Average Weekly Movement	7.7%
Metals and Mining Industry Average Movement	11.5%
Market Average Movement	10.6%
10% most volatile stocks in CA Market	18.9%
10% least volatile stocks in CA Market	4.3%

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

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

About the Company

Founded	Employees	CEO	Website
2005	n/a	Paddy Nicol	https://www.orogenroyalties.com

Orogen Royalties Inc. operates as a mineral exploration company in Canada, the United States, and Mexico. It operates through two segments, Mineral Royalties and Mineral Exploration Project Generation. The company has a portfolio of gold, copper, silver, and precious and base metal royalty projects.

Orogen Royalties Fundamentals Summary

How do Orogen Royalties's earnings and revenue compare to its market cap?
OGN fundamental statistics
Market Cap	CA$72.40m
Earnings (TTM)	-CA$1.65m
Revenue (TTM)	CA$1.54m

46.9x

P/S Ratio

-44.0x

P/E Ratio

Is OGN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
OGN income statement (TTM)
Revenue	CA$1.54m
Cost of Revenue	CA$148.58k
Gross Profit	CA$1.40m
Other Expenses	CA$3.04m
Earnings	-CA$1.65m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0092
Gross Margin	90.38%
Net Profit Margin	-106.53%
Debt/Equity Ratio	0%

How did OGN perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is OGN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OGN?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for OGN. This is calculated by dividing OGN's market cap by their current preferred multiple.
What is OGN's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	CA$72.40m

OGN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	40.5x
Enterprise Value/EBITDA	-152.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does OGN's PS Ratio compare to its peers?

OGN PS Ratio vs Peers

The above table shows the PS ratio for OGN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	11.4x
SPOT GoldSpot Discoveries	4.3x	n/a	CA$47.8m
TI Titan Mining	1x	n/a	CA$80.6m
ATLY Altaley Mining	0.8x	20.5%	CA$53.0m
MIN Excelsior Mining	39.4x	57.7%	CA$52.2m
OGN Orogen Royalties	46.9x	7.6%	CA$72.4m

Price-To-Sales vs Peers: OGN is expensive based on its Price-To-Sales Ratio (46.9x) compared to the peer average (11.4x).

Price to Earnings Ratio vs Industry

How does OGN's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Sales vs Industry: OGN is expensive based on its Price-To-Sales Ratio (46.9x) compared to the Canadian Metals and Mining industry average (2.4x)

Price to Sales Ratio vs Fair Ratio

What is OGN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OGN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	46.9x
Fair PS Ratio	5.4x

Price-To-Sales vs Fair Ratio: OGN is expensive based on its Price-To-Sales Ratio (46.9x) compared to the estimated Fair Price-To-Sales Ratio (5.4x).

Share Price vs Fair Value

What is the Fair Price of OGN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

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

7.6%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: OGN's revenue (7.6% per year) is forecast to grow faster than the Canadian market (6.5% per year).

High Growth Revenue: OGN's revenue (7.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

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

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Past Performance

How has Orogen Royalties 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

7.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OGN is currently unprofitable.

Growing Profit Margin: OGN is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: OGN is unprofitable, but has reduced losses over the past 5 years at a rate of 7.8% per year.

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

Earnings vs Industry: OGN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-15.8%).

Return on Equity

High ROE: OGN has a negative Return on Equity (-3.21%), as it is currently unprofitable.

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Financial Health

How is Orogen Royalties's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: OGN's short term assets (CA$11.4M) exceed its short term liabilities (CA$422.8K).

Long Term Liabilities: OGN's short term assets (CA$11.4M) exceed its long term liabilities (CA$346.4K).

Debt to Equity History and Analysis

Debt Level: OGN is debt free.

Reducing Debt: OGN had no debt 5 years ago.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: OGN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: OGN has sufficient cash runway for 2.8 years if free cash flow continues to reduce at historical rates of 20.4% each year.

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Dividend

What is Orogen Royalties's 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
Cash Flow Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate OGN'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 OGN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OGN'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 OGN has not reported any payouts.

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Management

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

4.6yrs

Average management tenure

CEO

Paddy Nicol (52 yo)

11.67yrs

Tenure

CA$268,300

Compensation

Mr. John Patrick Nicol, also known as Paddy, MBA, has been Chief Executive Officer and President of Orogen Royalties Inc. (formerly known as Evrim Resources Corporation) since December 23, 2010 and its Dir...

CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Paddy's total compensation is reasonable compared to companies of similar size in the Canadian market.

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

Leadership Team

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

Board Members

Experienced Board: OGN's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.

Ownership

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

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/08/15 00:00
End of Day Share Price	2022/08/15 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31