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 17,231 - -
Change - 7.07% 7.47% 9.11% 116.39% -8.15% - -
Enterprise Value (EV) 1 6,767 7,847 8,088 8,475 19,423 16,692 15,133 13,631
Change - 15.95% 3.08% 4.78% 129.19% -14.06% -9.34% -9.92%
P/E 25.2x 31.1x - 26.2x 33.2x 18.7x 16.4x 15.9x
PBR 2.66x 2.7x - - - 2.15x 1.93x 1.75x
PEG - -2.4x - - 1x 0.3x 1.2x 4.89x
Capitalization / Revenue 10.6x 12.3x 13.1x 12.1x 18.2x 9.31x 8.39x 8.27x
EV / Revenue 10.4x 13x 13.4x 11.8x 18.8x 9.02x 7.36x 6.54x
EV / EBITDA 13x 16.5x 16.9x 14.5x 22.9x 10.8x 8.6x 7.91x
EV / EBIT 20.6x 27.7x 26.7x 19.7x 30.4x 13.9x 11x 10.1x
EV / FCF 110x -15.5x 19.6x 19.8x -22.1x 13.7x 9.56x 8.68x
FCF Yield 0.91% -6.43% 5.11% 5.04% -4.53% 7.3% 10.5% 11.5%
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% 0.95% 0.99% 1.08%
EPS 2 4.17 3.63 - 5.04 6.69 10.88 12.35 12.75
Distribution rate 31.2% 39.3% - 32.7% 27.3% 17.7% 16.2% 17.3%
Net sales 1 653.6 603.2 605.7 719.4 1,030 1,851 2,055 2,083
EBITDA 1 522.6 474.4 479.6 585.8 848.3 1,543 1,759 1,724
EBIT 1 328.4 283.7 303.2 429.9 638.2 1,197 1,381 1,350
Net income 1 274 239 - 332 466.3 946.9 1,047 1,082
Net Debt 1 -138.4 453 141.8 -195.5 661.7 -539.4 -2,099 -3,601
Reference price 2 105.21 112.72 120.96 131.85 222.29 203.04 203.04 203.04
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.($)
18.67x9.02x10.82x0.95% 17.23B
9.79x3.54x5.51x1.08% 101B
11.7x4.51x6.26x1.04% 76.33B
10.31x2.78x3.96x2.27% 63.08B
24.12x14.05x16.78x0.68% 51.44B
9.47x3.16x4.65x4.93% 41.64B
8.18x2.68x4.13x0.64% 28.01B
16.53x3.82x6.97x2.58% 19.98B
11.41x2.88x4.65x - 15.93B
14.4x6.01x8.53x5.83% 14.35B
Average 13.46x 5.25x 7.23x 2.22% 42.89B
Weighted average by Cap. 12.67x 5.06x 6.94x 1.8%

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.