Financials Osisko Gold Royalties Ltd

Equities

OR

CA68827L1013

Gold

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
21.93 CAD +0.69% Intraday chart for Osisko Gold Royalties Ltd -0.90% +15.97%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,987 2,692 2,577 3,002 3,501 4,077 - -
Enterprise Value (EV) 1 2,207 2,786 2,872 3,059 3,501 4,118 3,971 3,863
P/E ratio - 161 x - - -72.7 x 41.4 x 39.2 x 46.7 x
Yield 1.58% 1.24% 1.36% 1.35% - 1.02% 0.96% 0.91%
Capitalization / Revenue 5.06 x 12.6 x 11.5 x 13.8 x 14.2 x 16.5 x 13.9 x 14.1 x
EV / Revenue 5.62 x 13 x 12.8 x 14 x 14.2 x 16.7 x 13.6 x 13.4 x
EV / EBITDA 24.9 x 24.2 x 21.9 x 17.3 x 18.2 x 19.3 x 16 x 14.9 x
EV / FCF 24.5 x -92.5 x -34.9 x -214 x - 21 x 18.1 x 17.2 x
FCF Yield 4.08% -1.08% -2.87% -0.47% - 4.76% 5.51% 5.82%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 157,469 166,893 166,458 183,921 185,166 185,904 - -
Reference price 2 12.62 16.13 15.48 16.32 18.91 21.93 21.93 21.93
Announcement Date 2/19/20 2/24/21 2/24/22 2/23/23 2/20/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 392.6 213.6 224.9 217.8 247.3 246.7 293 289
EBITDA 1 88.83 114.9 131.3 177.2 192.9 213.1 248.7 260.1
EBIT 1 52.71 68 79.32 - 135.3 157 181.5 168
Operating Margin 13.43% 31.83% 35.27% - 54.7% 63.65% 61.95% 58.13%
Earnings before Tax (EBT) 1 - 27.14 -43.72 - -35.09 134 141 120
Net income 1 - 16.88 -23.55 -118.8 -48.34 98 104 88
Net margin - 7.9% -10.47% -54.52% -19.55% 39.73% 35.49% 30.45%
EPS 2 - 0.1000 - - -0.2600 0.5300 0.5600 0.4700
Free Cash Flow 1 90.06 -30.11 -82.38 -14.26 - 196.1 218.9 224.9
FCF margin 22.94% -14.1% -36.63% -6.55% - 79.52% 74.7% 77.82%
FCF Conversion (EBITDA) 101.38% - - - - 92.05% 87.99% 86.47%
FCF Conversion (Net income) - - - - - 200.14% 210.45% 255.57%
Dividend per Share 2 0.2000 0.2000 0.2100 0.2200 - 0.2232 0.2100 0.2000
Announcement Date 2/19/20 2/24/21 2/24/22 2/23/23 2/20/24 - - -
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 50.04 50.67 50.69 51.54 53.66 61.91 59.59 60.5 62.07 65.16 - 61.75 61.95 61.86 -
EBITDA 1 34.08 25.16 34.05 32.36 43.13 50.7 47.84 47.64 45.03 51.82 50 47.9 53.6 53.65 65.9
EBIT 21.17 10.2 - - - - - - - - - - - - -
Operating Margin 42.3% 20.14% - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - - -
EPS - -0.1300 - - - - 0.1100 0.1000 -0.1100 -0.3600 - - - - -
Dividend per Share - - - - - - - 0.0600 - - - - - - -
Announcement Date 11/9/21 2/24/22 5/12/22 8/9/22 11/9/22 2/23/23 5/10/23 8/9/23 11/8/23 2/20/24 - - - - -
1CAD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 220 94.4 295 57.4 - 41.5 - -
Net Cash position 1 - - - - - - 106 214
Leverage (Debt/EBITDA) 2.478 x 0.8216 x 2.246 x 0.3239 x - 0.1948 x - -
Free Cash Flow 1 90.1 -30.1 -82.4 -14.3 - 196 219 225
ROE (net income / shareholders' equity) 2.57% 2.71% 3.53% 6.6% - 6.8% 7.25% 4.7%
ROA (Net income/ Total Assets) - 2.01% -0.99% - - 4.9% 4.9% 4.1%
Assets 1 - 838.6 2,384 - - 2,000 2,122 2,146
Book Value Per Share - - - - - - - -
Cash Flow per Share 2 0.6400 0.6500 0.7800 0.9900 - 1.080 1.200 1.230
Capex 1 84 138 188 124 - 21.4 - -
Capex / Sales 21.39% 64.64% 83.81% 57.03% - 8.68% - -
Announcement Date 2/19/20 2/24/21 2/24/22 2/23/23 2/20/24 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
21.93 CAD
Average target price
27.46 CAD
Spread / Average Target
+25.21%
Consensus
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