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 22,271 - -
Change - 7.07% 7.47% 9.11% 116.39% 18.71% - -
Enterprise Value (EV) 1 6,767 7,847 8,088 8,475 19,423 21,896 20,400 19,016
Change - 15.95% 3.08% 4.78% 129.19% 12.73% -6.83% -6.79%
P/E 25.2x 31.1x - 26.2x 33.2x 22.5x 20x 19.6x
PBR 2.66x 2.7x - - - 2.78x 2.48x 2.25x
PEG - -2.4x - - 1x 0.3x 1.6x 8.4x
Capitalization / Revenue 10.6x 12.3x 13.1x 12.1x 18.2x 11.9x 9.98x 10.4x
EV / Revenue 10.4x 13x 13.4x 11.8x 18.8x 11.7x 9.14x 8.9x
EV / EBITDA 13x 16.5x 16.9x 14.5x 22.9x 14.4x 11.5x 10.8x
EV / EBIT 20.6x 27.7x 26.7x 19.7x 30.4x 18.4x 13.2x 13.6x
EV / FCF 110x -15.5x 19.6x 19.8x -22.1x 18.6x 13.2x 12.5x
FCF Yield 0.91% -6.43% 5.11% 5.04% -4.53% 5.37% 7.57% 7.98%
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% 0.73% 0.76% 0.84%
EPS 2 4.17 3.63 - 5.04 6.69 11.67 13.11 13.42
Distribution rate 31.2% 39.3% - 32.7% 27.3% 16.5% 15.3% 16.4%
Net sales 1 653.6 603.2 605.7 719.4 1,030 1,873 2,232 2,136
EBITDA 1 522.6 474.4 479.6 585.8 848.3 1,524 1,775 1,760
EBIT 1 328.4 283.7 303.2 429.9 638.2 1,190 1,542 1,403
Net income 1 274 239 - 332 466.3 939.6 1,188 1,142
Net Debt 1 -138.4 453 141.8 -195.5 661.7 -375.1 -1,870 -3,255
Reference price 2 105.21 112.72 120.96 131.85 222.29 262.85 262.85 262.85
Nbr of stocks (in thousands) 65,637 65,593 65,692 65,757 84,398 84,728 - -
Announcement Date 16/02/22 15/02/23 14/02/24 12/02/25 18/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.52x11.69x14.37x0.73% 22.27B
12.96x4.83x7.58x0.82% 134B
16.45x6.45x9.02x0.79% 104B
13.32x3.35x4.99x1.84% 75.27B
31.29x18.83x22.02x0.51% 69.71B
14.53x4.64x6.47x3.57% 57.78B
10.86x3.72x5.6x0.47% 37.13B
19.53x4.11x8.57x2% 25.31B
14.91x4.24x8.16x - 21.72B
16.86x7.33x10x5.17% 17.45B
Average 17.32x 6.92x 9.68x 1.77% 56.56B
Weighted average by Cap. 16.80x 6.86x 9.45x 1.37%

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.