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 19,545 - -
Change - 7.07% 7.47% 9.11% 116.39% 4.18% - -
Enterprise Value (EV) 1 6,767 7,847 8,088 8,475 19,423 19,170 17,675 16,290
Change - 15.95% 3.08% 4.78% 129.19% -1.3% -7.8% -7.83%
P/E 25.2x 31.1x - 26.2x 33.2x 19.7x 17.6x 17.2x
PBR 2.66x 2.7x - - - 2.44x 2.18x 1.97x
PEG - -2.4x - - 1x 0.3x 1.5x 7.37x
Capitalization / Revenue 10.6x 12.3x 13.1x 12.1x 18.2x 10.4x 8.76x 9.15x
EV / Revenue 10.4x 13x 13.4x 11.8x 18.8x 10.2x 7.92x 7.63x
EV / EBITDA 13x 16.5x 16.9x 14.5x 22.9x 12.6x 9.96x 9.26x
EV / EBIT 20.6x 27.7x 26.7x 19.7x 30.4x 16.1x 11.5x 11.6x
EV / FCF 110x -15.5x 19.6x 19.8x -22.1x 16.3x 11.4x 10.7x
FCF Yield 0.91% -6.43% 5.11% 5.04% -4.53% 6.13% 8.74% 9.32%
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% 0.83% 0.87% 0.95%
EPS 2 4.17 3.63 - 5.04 6.69 11.73 13.11 13.42
Distribution rate 31.2% 39.3% - 32.7% 27.3% 16.4% 15.3% 16.4%
Net sales 1 653.6 603.2 605.7 719.4 1,030 1,877 2,232 2,136
EBITDA 1 522.6 474.4 479.6 585.8 848.3 1,527 1,775 1,760
EBIT 1 328.4 283.7 303.2 429.9 638.2 1,194 1,542 1,403
Net income 1 274 239 - 332 466.3 943.4 1,188 1,142
Net Debt 1 -138.4 453 141.8 -195.5 661.7 -375.1 -1,870 -3,255
Reference price 2 105.21 112.72 120.96 131.85 222.29 230.68 230.68 230.68
Nbr of stocks (in thousands) 65,637 65,593 65,692 65,757 84,398 84,728 - -
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.($)
12.06x4.41x6.93x0.89% 124B
14.87x5.81x8.11x0.87% 94.42B
11.74x3.03x4.39x1.96% 68.55B
27.36x16.52x19.22x0.58% 60.95B
12.36x3.92x5.41x4.21% 49.16B
9.48x3.21x4.82x0.54% 32.39B
18.37x4.27x7.75x2.29% 22.73B
19.67x10.22x12.56x0.83% 19.55B
13.27x3.75x7.22x - 19.34B
Average 15.46x 6.13x 8.49x 1.52% 54.54B
Weighted average by Cap. 14.96x 6.06x 8.31x 1.39%

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