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GROY

Gold Royalty NYSEAM:GROY Stock Report

Last Price

US$2.68

Market Cap

US$360.4m

7D

-1.8%

1Y

-54.2%

Updated

26 Jun, 2022

Data

Company Financials +
GROY fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health2/6
Dividends0/6

GROY Stock Overview

Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry.

Gold Royalty Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gold Royalty
Historical stock prices
Current Share PriceUS$2.68
52 Week HighUS$6.08
52 Week LowUS$2.38
Beta0
1 Month Change-14.10%
3 Month Change-31.28%
1 Year Change-54.19%
3 Year Changen/a
5 Year Changen/a
Change since IPO-25.14%

Recent News & Updates

Shareholder Returns

GROYUS Metals and MiningUS Market
7D-1.8%-2.4%6.6%
1Y-54.2%-9.0%-18.4%

Return vs Industry: GROY underperformed the US Metals and Mining industry which returned -9% over the past year.

Return vs Market: GROY underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is GROY's price volatile compared to industry and market?
GROY volatility
GROY Average Weekly Movement10.1%
Metals and Mining Industry Average Movement9.9%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: GROY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: GROY's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20206Dave Garofalohttps://www.goldroyalty.com

Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring royalties, streams, and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term attractive returns for its investors. The company’s portfolio consists of net smelter return royalties ranging from 0.5% to 2.0% on 17 gold properties located in the Americas.

Gold Royalty Fundamentals Summary

How do Gold Royalty's earnings and revenue compare to its market cap?
GROY fundamental statistics
Market CapUS$360.36m
Earnings (TTM)-US$21.48m
Revenue (TTM)US$1.36m

264.6x

P/S Ratio

-16.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GROY income statement (TTM)
RevenueUS$1.36m
Cost of RevenueUS$0
Gross ProfitUS$1.36m
Other ExpensesUS$22.84m
Earnings-US$21.48m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.16
Gross Margin100.00%
Net Profit Margin-1,575.96%
Debt/Equity Ratio1.8%

How did GROY perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

-8%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

GROY 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/Revenue249.5x
Enterprise Value/EBITDA-18.3x
PEG Ration/a

Price to Book Ratio vs Peers

How does GROY's PB Ratio compare to its peers?

GROY PB Ratio vs Peers
The above table shows the PB ratio for GROY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.4x
DC Dakota Gold
4.6xn/aUS$256.5m
HYMC Hycroft Mining Holding
2.5x98.7%US$251.3m
MUX McEwen Mining
0.6x65.8%US$237.1m
DRD DRDGOLD
1.8x-6.3%US$553.4m
GROY Gold Royalty
0.7x58.5%US$360.4m

Price-To-Book vs Peers: GROY is good value based on its Price-To-Book Ratio (0.7x) compared to the peer average (2.4x).


Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: GROY is good value based on its Price-To-Book Ratio (0.7x) compared to the US Metals and Mining industry average (1.8x)


Price to Book Ratio vs Fair Ratio

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

GROY PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate GROY's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: GROY ($2.68) is trading above our estimate of fair value ($0.17)

Significantly Below Fair Value: GROY is trading above our estimate of fair value.


Price to Earnings Growth Ratio

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


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Future Growth

How is Gold Royalty forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


58.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GROY is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: GROY is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: GROY is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: GROY's revenue (34.2% per year) is forecast to grow faster than the US market (8.4% per year).

High Growth Revenue: GROY's revenue (34.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GROY is forecast to be unprofitable in 3 years.


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Past Performance

How has Gold 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


-176.6%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: GROY is currently unprofitable.

Growing Profit Margin: GROY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if GROY's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

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

Earnings vs Industry: GROY is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (94.3%).


Return on Equity

High ROE: GROY has a negative Return on Equity (-4.09%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Gold Royalty's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: GROY's short term assets ($33.9M) exceed its short term liabilities ($14.6M).

Long Term Liabilities: GROY's short term assets ($33.9M) do not cover its long term liabilities ($138.8M).


Debt to Equity History and Analysis

Debt Level: GROY has more cash than its total debt.

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


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: GROY has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GROY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 118.8% each year


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Dividend

What is Gold 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


1.49%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GROY's dividend (1.49%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: GROY's dividend (1.49%) is low compared to the top 25% of dividend payers in the US market (4.24%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether GROY's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if GROY's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: GROY is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: GROY is paying a dividend but the company has no free cash flows.


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Management

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

1.7yrs

Average management tenure


CEO

Dave Garofalo (56 yo)

1.83yrs

Tenure

US$1,192,511

Compensation

Mr. David A. Garofalo, also known as Dave, B.Comm, C.A., CPA and ICD D., has been Independent Director at Aris Gold Corporation (formerly known as Caldas Gold Corporation) since February 4, 2021. Mr. Garof...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD1.19M) is below average for companies of similar size in the US market ($USD2.83M).

Compensation vs Earnings: Insufficient data to compare Dave's compensation with company performance.


Leadership Team

Experienced Management: GROY's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: GROY's board of directors are not considered experienced ( 1.6 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: GROY 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 substantially diluted in the past year, with total shares outstanding growing by 223.1%.


Top Shareholders

Company Information

Gold Royalty Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Gold Royalty Corp.
  • Ticker: GROY
  • Exchange: NYSEAM
  • Founded: 2020
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: US$360.360m
  • Shares outstanding: 134.46m
  • Website: https://www.goldroyalty.com

Number of Employees


Location

  • Gold Royalty Corp.
  • 1030 West Georgia Street
  • Suite 1830
  • Vancouver
  • British Columbia
  • V6E 2Y3
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.