ROYAL GOLD, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 124.6 USD | +0.31% |
|
+1.51% | +2.99% |
| Apr. 17 | Transcript : Royal Gold, Inc. - Analyst/Investor Day | |
| Apr. 17 | Royal Gold, Inc. Provides Sales Guidance for the Year Ending December 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,019 | 6,978 | 6,906 | 7,394 | 7,946 | 8,189 | - | - |
| Enterprise Value (EV) 1 | 8,114 | 6,959 | 6,767 | 7,847 | 7,946 | 7,944 | 7,462 | 6,875 |
| P/E ratio | 85.5 x | - | 25.2 x | 31.1 x | - | 26.3 x | 20.9 x | 17.3 x |
| Yield | 0.86% | 1.04% | 1.24% | 1.26% | - | 1.28% | 1.3% | 1.28% |
| Capitalization / Revenue | 19 x | 14 x | 10.6 x | 12.3 x | 13.1 x | 11.9 x | 9.77 x | 9.7 x |
| EV / Revenue | 19.2 x | 14 x | 10.4 x | 13 x | 13.1 x | 11.6 x | 8.9 x | 8.15 x |
| EV / EBITDA | 26.1 x | 18.1 x | 13 x | 16.5 x | 16.6 x | 14.9 x | 11.3 x | 10.1 x |
| EV / FCF | 32.2 x | 37.7 x | 110 x | -15.5 x | - | 17 x | 13.2 x | 10.9 x |
| FCF Yield | 3.11% | 2.66% | 0.91% | -6.43% | - | 5.88% | 7.58% | 9.2% |
| Price to Book | - | - | 2.66 x | 2.7 x | - | - | - | - |
| Nbr of stocks (in thousands) | 65,592 | 65,605 | 65,637 | 65,593 | 65,692 | 65,733 | - | - |
| Reference price 2 | 122.2 | 106.4 | 105.2 | 112.7 | 121.0 | 124.6 | 124.6 | 124.6 |
| Announcement Date | 8/7/19 | 8/5/20 | 2/16/22 | 2/15/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 423.1 | 498.8 | 653.6 | 603.2 | 605.7 | 687.2 | 838.4 | 843.8 |
| EBITDA 1 | 310.4 | 384.8 | 522.6 | 474.4 | 479.6 | 532.3 | 660 | 684 |
| EBIT 1 | 140.7 | 200.3 | 328.4 | 283.7 | 303.2 | 381.7 | 510.7 | 476 |
| Operating Margin | 33.26% | 40.15% | 50.25% | 47.03% | 50.06% | 55.55% | 60.92% | 56.41% |
| Earnings before Tax (EBT) 1 | 106.6 | - | 328.2 | 272.9 | - | 400.7 | 455 | 472.5 |
| Net income 1 | 93.82 | - | 274 | 239 | - | 328.6 | 373.1 | 472.5 |
| Net margin | 22.18% | - | 41.93% | 39.62% | - | 47.82% | 44.5% | 55.99% |
| EPS 2 | 1.430 | - | 4.170 | 3.630 | - | 4.735 | 5.950 | 7.200 |
| Free Cash Flow 1 | 252.1 | 184.8 | 61.49 | -504.8 | - | 467.2 | 565.8 | 632.2 |
| FCF margin | 59.59% | 37.04% | 9.41% | -83.69% | - | 68% | 67.49% | 74.92% |
| FCF Conversion (EBITDA) | 81.23% | 48.01% | 11.77% | - | - | 87.77% | 85.73% | 92.43% |
| FCF Conversion (Net income) | 268.7% | - | 22.44% | - | - | 142.19% | 151.66% | 133.8% |
| Dividend per Share 2 | 1.050 | 1.110 | 1.300 | 1.425 | - | 1.600 | 1.613 | 1.600 |
| Announcement Date | 8/7/19 | 8/5/20 | 2/16/22 | 2/15/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 1 | 168.5 | 162.4 | 146.4 | 131.4 | 163 | 170.4 | 144 | 138.6 | 152.7 | 150.1 | 170.3 | 188.2 | 203.1 | - |
| EBITDA 1 | 134.5 | 130.4 | 114.1 | 101.5 | 128.4 | 134.8 | 114.5 | 108.3 | 122 | 120.9 | 127.2 | 135.4 | 142.1 | 176.9 |
| EBIT 1 | 83.96 | 80.58 | 67.9 | 61.77 | 73.45 | 86.06 | 71.9 | 65.56 | 79.69 | 81.73 | 98.63 | 113.5 | 126.6 | - |
| Operating Margin | 49.82% | 49.63% | 46.37% | 47% | 45.07% | 50.5% | 49.91% | 47.3% | 52.2% | 54.46% | 57.91% | 60.33% | 62.31% | - |
| Earnings before Tax (EBT) | 82.34 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 68.16 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | 40.45% | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 1.040 | 1.000 | 1.080 | - | 0.8600 | 0.9700 | 0.9700 | - | 0.9500 | 0.9900 | 1.140 | 1.390 | 1.500 | 1.460 |
| Dividend per Share | 0.3500 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/16/22 | 5/4/22 | 8/3/22 | 11/2/22 | 2/15/23 | 5/3/23 | 8/2/23 | 11/1/23 | 2/14/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 95.1 | - | - | 453 | - | - | - | - |
| Net Cash position 1 | - | 18.7 | 138 | - | - | 245 | 727 | 1,314 |
| Leverage (Debt/EBITDA) | 0.3063 x | - | - | 0.9549 x | - | - | - | - |
| Free Cash Flow 1 | 252 | 185 | 61.5 | -505 | - | 467 | 566 | 632 |
| ROE (net income / shareholders' equity) | 4.43% | 9.04% | 11% | 8.97% | - | 10.8% | 10.9% | 12.5% |
| ROA (Net income/ Total Assets) | - | - | 9.93% | - | - | - | - | - |
| Assets 1 | - | - | 2,760 | - | - | - | - | - |
| Book Value Per Share | - | - | 39.50 | 41.80 | - | - | - | - |
| Cash Flow per Share 2 | 4.260 | 5.320 | 7.040 | 6.360 | - | 6.930 | 8.690 | 9.080 |
| Capex 1 | 1.06 | 156 | 400 | 922 | - | - | - | 8.89 |
| Capex / Sales | 0.25% | 31.27% | 61.26% | 152.88% | - | - | - | 1.05% |
| Announcement Date | 8/7/19 | 8/5/20 | 2/16/22 | 2/15/23 | 2/14/24 | - | - | - |
1USD in Million2USD
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
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
124.6
USD
Average target price
150
USD
Spread / Average Target
+20.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.99% | 8.19B | |
| +3.24% | 49.27B | |
| +19.45% | 32.63B | |
| -2.42% | 29.96B | |
| +12.88% | 24.43B | |
| +10.62% | 11.31B | |
| +27.61% | 9.95B | |
| -.--% | 8.61B | |
| +14.84% | 8.27B | |
| +17.34% | 6.08B |
- Stock Market
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- Financials Royal Gold, Inc.
