Company Valuation: Royal Gold, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,906 7,394 7,946 8,670 18,761 16,054 - -
Change - 7.07% 7.47% 9.11% 116.39% -14.43% - -
Enterprise Value (EV) 1 6,767 7,847 8,088 8,475 19,423 15,627 14,148 12,666
Change - 15.95% 3.08% 4.78% 129.19% -19.54% -9.47% -10.47%
P/E 25.2x 31.1x - 26.2x 33.2x 16.7x 13.6x 13.3x
PBR 2.66x 2.7x - - - 2.01x 1.8x 1.63x
PEG - -2.4x - - 1x 0.2x 0.6x 6.02x
Capitalization / Revenue 10.6x 12.3x 13.1x 12.1x 18.2x 8.68x 7.39x 7.07x
EV / Revenue 10.4x 13x 13.4x 11.8x 18.8x 8.45x 6.51x 5.58x
EV / EBITDA 13x 16.5x 16.9x 14.5x 22.9x 10.1x 7.58x 6.94x
EV / EBIT 20.6x 27.7x 26.7x 19.7x 30.4x 13.4x 10.1x 8.95x
EV / FCF 110x -15.5x 19.6x 19.8x -22.1x 12.8x 8.93x 7.71x
FCF Yield 0.91% -6.43% 5.11% 5.04% -4.53% 7.83% 11.2% 13%
Dividend per Share 2 1.3 1.425 1.525 1.65 1.825 1.92 2 2.2
Rate of return 1.24% 1.26% 1.26% 1.25% 0.82% 1.01% 1.06% 1.16%
EPS 2 4.17 3.63 - 5.04 6.69 11.35 13.9 14.21
Distribution rate 31.2% 39.3% - 32.7% 27.3% 16.9% 14.4% 15.5%
Net sales 1 653.6 603.2 605.7 719.4 1,030 1,850 2,173 2,269
EBITDA 1 522.6 474.4 479.6 585.8 848.3 1,542 1,867 1,826
EBIT 1 328.4 283.7 303.2 429.9 638.2 1,166 1,401 1,415
Net income 1 274 239 - 332 466.3 978.8 1,179 1,205
Net Debt 1 -138.4 453 141.8 -195.5 661.7 -427.3 -1,906 -3,388
Reference price 2 105.21 112.72 120.96 131.85 222.29 189.17 189.17 189.17
Nbr of stocks (in thousands) 65,637 65,593 65,692 65,757 84,398 84,867 - -
Announcement Date 2/16/22 2/15/23 2/14/24 2/12/25 2/18/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.67x8.45x10.13x1.02% 16.05B
9.41x3.28x4.93x1.15% 94.91B
10.52x3.97x5.42x1.23% 68.49B
9.39x2.54x3.66x2.41% 58.51B
21.2x12.59x14.99x0.74% 47.32B
8.55x2.86x4.19x5.78% 38.81B
7.82x2.47x3.83x0.67% 26.99B
16.34x3.69x6.86x2.67% 19.2B
10.63x2.55x3.93x - 14.85B
13.06x5.5x7.69x6.34% 13.26B
Average 12.36x 4.79x 6.56x 2.44% 39.84B
Weighted average by Cap. 11.60x 4.58x 6.23x 1.99%

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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  4. Valuation Royal Gold, Inc.