OR Royalties Inc.

DB:OM40 Stock Report

Market Cap: €6.5b

OR Royalties Valuation

Is OM40 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of OM40 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Fair Value: OM40 (€33.8) is trading below our estimate of fair value (€38.01)

Significantly Below Fair Value: OM40 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OM40?

Key metric: As OM40 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OM40. This is calculated by dividing OM40's market cap by their current earnings.
What is OM40's PE Ratio?
PE Ratio51x
EarningsUS$147.95m
Market CapUS$7.54b

Price to Earnings Ratio vs Peers

How does OM40's PE Ratio compare to its peers?

The above table shows the PE ratio for OM40 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.1x
NDA Aurubis
11.5x-9.84%€5.9b
TKA thyssenkrupp
14.1x20.62%€6.7b
EVK Evonik Industries
65.1x29.81%€6.1b
FPE3 Fuchs
17.6x7.23%€4.5b
OM40 OR Royalties
51x16.80%€10.1b

Price-To-Earnings vs Peers: OM40 is expensive based on its Price-To-Earnings Ratio (51x) compared to the peer average (26.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does OM40's PE Ratio compare vs other companies in the European Metals and Mining Industry?

18 CompaniesPrice / EarningsEstimated GrowthMarket Cap
OM40 51.0xIndustry Avg. 17.7xNo. of Companies18PE01020304050+
18 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OM40 is expensive based on its Price-To-Earnings Ratio (51x) compared to the European Metals and Mining industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is OM40's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OM40 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio51x
Fair PE Ratio22.4x

Price-To-Earnings vs Fair Ratio: OM40 is expensive based on its Price-To-Earnings Ratio (51x) compared to the estimated Fair Price-To-Earnings Ratio (22.3x).

Analyst Price Targets

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

The above table shows the analyst OM40 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€35.40
€39.01
+10.21%
14.46%€52.68€32.36n/a8
Jan ’27€30.20
€38.33
+26.92%
14.86%€52.23€31.58n/a8
Dec ’26€30.20
€38.36
+27.02%
15.56%€52.98€32.03n/a8
Nov ’26€27.80
€38.74
+39.35%
14.39%€52.77€33.81n/a8
Oct ’26€34.40
€30.50
-11.34%
13.52%€35.43€25.96n/a8
Sep ’26€27.20
€27.45
+0.93%
11.55%€35.33€23.60n/a8
Aug ’26€24.00
€26.71
+11.28%
13.74%€35.42€22.46n/a8
Jul ’26€21.80
€24.24
+11.18%
6.79%€26.44€21.56n/a8
Jun ’26€22.36
€22.63
+1.20%
10.78%€26.47€19.07n/a10
May ’26€20.98
€22.32
+6.38%
10.15%€24.68€18.99n/a10
Apr ’26€19.85
€21.60
+8.80%
9.27%€25.37€19.35n/a10
Mar ’26€16.96
€21.68
+27.82%
8.71%€26.12€19.28n/a9
Feb ’26€17.68
€21.71
+22.84%
8.42%€25.93€19.36n/a9
Jan ’26€17.34
€22.14
+27.67%
8.04%€26.63€19.35€30.2011
Dec ’25€18.42
€21.97
+19.30%
8.03%€26.31€18.89€30.2011
Nov ’25€18.36
€21.16
+15.26%
8.48%€24.15€17.96€27.8011
Oct ’25€16.98
€19.45
+14.52%
7.85%€22.63€18.06€34.4011
Sep ’25€15.43
€18.95
+22.83%
8.46%€22.24€17.13€27.2011
Aug ’25€15.94
€19.48
+22.24%
9.03%€22.75€16.88€24.0011
Jul ’25€14.24
€18.84
+32.33%
8.87%€22.36€16.31€21.8012
Jun ’25€15.07
€18.61
+23.46%
9.21%€22.20€16.15€22.3612
May ’25€14.72
€18.77
+27.58%
9.76%€22.57€15.67€20.9812
Apr ’25€14.86
€17.65
+18.79%
8.08%€21.07€15.73€19.8512
Mar ’25€13.36
€17.49
+30.94%
8.96%€21.18€15.71€16.9612
Feb ’25€13.91
€17.71
+27.32%
7.64%€21.33€15.82€17.6812
Jan ’25€12.86
€16.87
+31.21%
9.28%€19.94€13.96€17.3412
€40.06
Fair Value
11.6% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/13 21:44
End of Day Share Price 2026/01/13 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

OR Royalties Inc. is covered by 25 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian QuastBMO Capital Markets Equity Research
Rene CartierBMO Capital Markets Equity Research
Michael JalonenBofA Global Research