Company Valuation: Metalla Royalty & Streaming Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 383.6 296.6 367.7 332.5 977.4 1,330 - -
Change - -22.67% 23.96% -9.58% 193.95% 36.11% - -
Enterprise Value (EV) 1 393.8 296.6 371.2 340 984.1 1,323 1,286 1,231
Change - -24.67% 25.13% -8.41% 189.47% 34.41% -2.75% -4.3%
P/E -29.1x - - -42.2x -153x 145x 63.8x 30x
PBR - - - - - - - -
PEG - - - - 7.9x -1x 1x 0x
Capitalization / Revenue 103x 90.8x 59.1x 39.5x 60.1x 49.2x 30.1x 21.1x
EV / Revenue 106x 90.8x 59.7x 40.4x 60.5x 48.9x 29.1x 19.5x
EV / EBITDA -47x -50.1x -232x -196x 153x 70.6x 39.5x 23.2x
EV / EBIT - - - - - - - -
EV / FCF -8.7x - -33.2x -49.8x 361x 113x 38.6x 28x
FCF Yield -11.5% - -3.01% -2.01% 0.28% 0.88% 2.59% 3.57%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.3 - - -0.0859 -0.0692 0.098 0.223 0.474
Distribution rate - - - - - - - -
Net sales 1 3.712 3.265 6.218 8.419 16.26 27.06 44.16 63.04
EBITDA 1 -8.376 -5.918 -1.598 -1.733 6.447 18.74 32.6 53.09
EBIT -11.18 - - - - - - -
Net income 1 -13.03 - -7.899 -7.838 -5.873 8.922 21.19 44.61
Net Debt 1 10.21 - 3.446 7.456 6.685 -7.667 -44.05 -99.4
Reference price 2 8.73 6.59 4.05 3.62 10.56 14.23 14.23 14.23
Nbr of stocks (in thousands) 43,942 45,015 90,799 91,857 92,561 93,496 - -
Announcement Date 3/25/22 3/31/23 3/28/24 3/27/25 3/26/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.38x3.93x7.06x3.55% 218B
11.52x2.85x6.18x5.1% 167B
14.93x4.29x7.08x3.19% 98.79B
12.51x0.39x6.31x3.32% 90.92B
25.97x6.31x16.75x-.--% 64.07B
56.56x3.2x7.84x2.26% 57.98B
15.32x3.12x6.17x0.59% 32B
13.49x4.35x6.68x4.39% 29.56B
12.93x4.63x8.18x3.96% 25.3B
Average 19.96x 3.67x 8.03x 2.93% 86.99B
Weighted average by Cap. 18.21x 3.48x 7.63x 3.35%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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