Company Valuation: Royal Gold, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 6,906 7,394 7,946 8,670 18,761 20,803 - -
Change - 7.07% 7.47% 9.11% 116.39% 10.89% - -
Enterprise Value (EV) 1 6,767 7,847 8,088 8,475 19,423 20,193 18,917 17,492
Change - 15.95% 3.08% 4.78% 129.19% 3.97% -6.32% -7.53%
P/E ratio 25.2x 31.1x - 26.2x 33.2x 19.6x 18.6x 18.9x
PBR 2.66x 2.7x - - - 2.57x 2.3x 2.09x
PEG - -2.4x - - 1x 0.2x 3.57x -11.05x
Capitalization / Revenue 10.6x 12.3x 13.1x 12.1x 18.2x 10.2x 9.12x 9.67x
EV / Revenue 10.4x 13x 13.4x 11.8x 18.8x 9.91x 8.29x 8.13x
EV / EBITDA 13x 16.5x 16.9x 14.5x 22.9x 12.4x 10.2x 10x
EV / EBIT 20.6x 27.7x 26.7x 19.7x 30.4x 15.2x 12.2x 12.7x
EV / FCF 110x -15.5x 19.6x 19.8x -22.1x 17.4x 11.9x 11.7x
FCF Yield 0.91% -6.43% 5.11% 5.04% -4.53% 5.76% 8.42% 8.53%
Dividend per Share 2 1.3 1.425 1.525 1.65 1.825 1.925 2 2.2
Rate of return 1.24% 1.26% 1.26% 1.25% 0.82% 0.79% 0.82% 0.9%
EPS 2 4.17 3.63 - 5.04 6.69 12.52 13.17 12.95
Distribution rate 31.2% 39.3% - 32.7% 27.3% 15.4% 15.2% 17%
Net sales 1 653.6 603.2 605.7 719.4 1,030 2,038 2,281 2,151
EBITDA 1 522.6 474.4 479.6 585.8 848.3 1,631 1,854 1,743
EBIT 1 328.4 283.7 303.2 429.9 638.2 1,326 1,553 1,374
Net income 1 274 239 - 332 466.3 975.5 1,116 1,100
Net Debt 1 -138.4 453 141.8 -195.5 661.7 -609.9 -1,887 -3,312
Reference price 2 105.21 112.72 120.96 131.85 222.29 245.13 245.13 245.13
Nbr of stocks (in thousands) 65,637 65,593 65,692 65,757 84,398 84,867 - -
Announcement Date 16/02/22 15/02/23 14/02/24 12/02/25 18/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.08x9.65x11.94x0.81% 20.28B
11.02x4.05x6.06x0.89% 124B
13.41x5.3x7.45x0.87% 96.61B
10.76x3x4.34x2.18% 72.28B
29.81x15.22x17.85x0.53% 63.01B
10.15x3.78x5.18x3.76% 54.12B
10x3.43x5.24x0.48% 37.62B
17.46x4.03x7.48x2.42% 21.89B
10.53x2.9x4.41x - 19.2B
16.74x5.91x8.32x0.37% 18.2B
Average 14.89x 5.73x 7.83x 1.37% 52.76B
Weighted average by Cap. 14.26x 5.63x 7.64x 1.34%

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.