LABRADOR IRON ORE ROYALTY CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 30.5 CAD | +0.10% |
|
+0.96% | -4.39% |
| Mar. 13 | Labrador Iron Ore Royalty Price Target Lowered to $35 at TD | MT |
| Mar. 13 | Labrador Iron Ore Royalty Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,576 | 2,087 | 2,402 | 2,149 | 2,042 | 1,952 | - | - |
| Enterprise Value (EV) 1 | 1,498 | 1,981 | 2,319 | 2,149 | 2,028 | 1,927 | 1,922 | 1,913 |
| P/E ratio | 7.67 x | 9.19 x | 6.33 x | 8.09 x | 11 x | 10.4 x | 12.3 x | 12 x |
| Yield | 16.2% | 7.82% | 16% | - | 7.99% | 6.78% | 6.97% | 9.34% |
| Capitalization / Revenue | 8.84 x | 10.3 x | 8.59 x | 9.23 x | 10.1 x | 9.36 x | 10.2 x | 10.3 x |
| EV / Revenue | 8.4 x | 9.79 x | 8.29 x | 9.23 x | 10.1 x | 9.24 x | 10.1 x | 10.1 x |
| EV / EBITDA | 10.7 x | 6.95 x | 5.14 x | 6.36 x | 8.34 x | 6.73 x | 6.93 x | 6.92 x |
| EV / FCF | 6.67 x | 11.3 x | 5.76 x | - | 13.3 x | 12 x | 13.9 x | - |
| FCF Yield | 15% | 8.86% | 17.4% | - | 7.52% | 8.35% | 7.18% | - |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 64,000 | 64,000 | 64,000 | 64,000 | 64,000 | 64,000 | - | - |
| Reference price 2 | 24.62 | 32.61 | 37.53 | 33.58 | 31.90 | 30.50 | 30.50 | 30.50 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/11/22 | 3/7/23 | 3/13/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 178.3 | 202.3 | 279.7 | 232.9 | 201.3 | 208.5 | 191 | 189 |
| EBITDA 1 | 140 | 285.2 | 450.8 | 337.7 | 243.2 | 286.2 | 277.2 | 276.5 |
| EBIT 1 | 133.8 | 153 | 215 | 177.2 | 152.5 | 152 | 136 | 143 |
| Operating Margin | 75.08% | 75.61% | 76.86% | 76.1% | 75.77% | 72.9% | 71.2% | 75.66% |
| Earnings before Tax (EBT) | 245.9 | 279 | 444.6 | 331.3 | - | - | - | - |
| Net income 1 | 205.3 | 227.2 | 379.8 | 265.4 | 186.3 | 188 | 147 | 167 |
| Net margin | 115.19% | 112.31% | 135.77% | 113.99% | 92.55% | 90.17% | 76.96% | 88.36% |
| EPS 2 | 3.210 | 3.550 | 5.930 | 4.150 | 2.910 | 2.925 | 2.470 | 2.535 |
| Free Cash Flow 1 | 224.6 | 175.4 | 402.4 | - | 152.5 | 161 | 138 | - |
| FCF margin | 125.97% | 86.72% | 143.86% | - | 75.75% | 77.22% | 72.25% | - |
| FCF Conversion (EBITDA) | 160.41% | 61.52% | 89.28% | - | 62.7% | 56.24% | 49.77% | - |
| FCF Conversion (Net income) | 109.36% | 77.22% | 105.96% | - | 81.85% | 85.64% | 93.88% | - |
| Dividend per Share 2 | 4.000 | 2.550 | 6.000 | - | 2.550 | 2.067 | 2.125 | 2.850 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/11/22 | 3/7/23 | 3/13/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA 1 | - | 93.18 | 82.91 | 99.74 | 97.46 | 57.62 | 59.07 | 54.12 | 60.68 | 69.35 | 71 | 54 | 52 | 52 | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 1.640 | 1.220 | 0.9900 | 1.230 | 1.240 | 0.7000 | 0.6800 | 0.6500 | 0.7700 | 0.8000 | 0.6500 | 0.7800 | 0.6300 | 0.6900 | 0.7500 |
| Dividend per Share 2 | 2.100 | 1.150 | 0.5000 | 0.9000 | 1.000 | - | - | 0.6500 | 0.9500 | 0.4500 | 0.5000 | 0.5000 | 0.5000 | 0.5000 | 0.5000 |
| Announcement Date | 11/4/21 | 3/11/22 | 5/5/22 | 8/4/22 | 11/3/22 | 3/7/23 | 5/4/23 | 8/2/23 | 11/2/23 | 3/13/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 77.9 | 106 | 82.9 | - | 13.2 | 25 | 30.5 | 39 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 225 | 175 | 402 | - | 152 | 161 | 138 | - |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | 3.510 | 2.740 | 6.290 | - | 2.520 | 2.300 | 2.290 | 2.330 |
| Capex | 294 | - | - | - | - | - | - | - |
| Capex / Sales | 164.92% | - | - | - | - | - | - | - |
| Announcement Date | 3/5/20 | 3/4/21 | 3/11/22 | 3/7/23 | 3/13/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
30.5
CAD
Average target price
33.33
CAD
Spread / Average Target
+9.29%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.39% | 1.43B | |
| -18.73% | 52.39B | |
| -11.82% | 51.33B | |
| +23.14% | 9.06B | |
| -22.65% | 8.11B | |
| -2.36% | 5.75B | |
| -36.40% | 5.33B | |
| +29.09% | 2.33B | |
| +9.71% | 1.98B | |
| -7.21% | 1.69B |
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- Financials Labrador Iron Ore Royalty Corporation
