ROYAL GOLD INC (RGLD) Stock Fundamental Analysis
NASDAQ:RGLD - US7802871084 - Common Stock
177.44 USD
+2.69 (+1.54%)
177.44 USD
0 (0%)
RGLD gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 155 industry peers in the Metals & Mining industry. RGLD scores excellent points on both the profitability and health parts. This is a solid base for a good stock. RGLD has a correct valuation and a medium growth rate. With these ratings, RGLD could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
RGLD had positive earnings in the past year.
RGLD had a positive operating cash flow in the past year.
In the past 5 years RGLD has always been profitable.
RGLD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of RGLD (12.58%) is better than 92.95% of its industry peers.
RGLD's Return On Equity of 13.59% is amongst the best of the industry. RGLD outperforms 85.90% of its industry peers.
The Return On Invested Capital of RGLD (12.07%) is better than 88.46% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for RGLD is below the industry average of 12.74%.
The last Return On Invested Capital (12.07%) for RGLD is above the 3 year average (8.30%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.58% | ||
| ROE | 13.59% | ||
| ROIC | 12.07% |
ROA(3y)7.89%
ROA(5y)8.46%
ROE(3y)9.22%
ROE(5y)9.71%
ROIC(3y)8.3%
ROIC(5y)8.08%
1.3 Margins
With an excellent Profit Margin value of 56.22%, RGLD belongs to the best of the industry, outperforming 98.08% of the companies in the same industry.
In the last couple of years the Profit Margin of RGLD has grown nicely.
With an excellent Operating Margin value of 64.70%, RGLD belongs to the best of the industry, outperforming 97.44% of the companies in the same industry.
RGLD's Operating Margin has improved in the last couple of years.
RGLD has a better Gross Margin (86.51%) than 100.00% of its industry peers.
RGLD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 64.7% | ||
| PM (TTM) | 56.22% | ||
| GM | 86.51% |
OM growth 3Y6.62%
OM growth 5Y12.44%
PM growth 3Y-2.05%
PM growth 5Y15.79%
GM growth 3Y0.68%
GM growth 5Y1.17%
2. Health
2.1 Basic Checks
RGLD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
RGLD has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, RGLD has more shares outstanding
There is no outstanding debt for RGLD. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
RGLD has an Altman-Z score of 27.61. This indicates that RGLD is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of RGLD (27.61) is better than 87.82% of its industry peers.
There is no outstanding debt for RGLD. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 27.61 |
ROIC/WACC1.19
WACC10.11%
2.3 Liquidity
A Current Ratio of 4.49 indicates that RGLD has no problem at all paying its short term obligations.
With a decent Current ratio value of 4.49, RGLD is doing good in the industry, outperforming 78.85% of the companies in the same industry.
RGLD has a Quick Ratio of 4.32. This indicates that RGLD is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 4.32, RGLD is in the better half of the industry, outperforming 79.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.49 | ||
| Quick Ratio | 4.32 |
3. Growth
3.1 Past
RGLD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 65.89%, which is quite impressive.
Measured over the past years, RGLD shows a very strong growth in Earnings Per Share. The EPS has been growing by 29.76% on average per year.
The Revenue has grown by 30.15% in the past year. This is a very strong growth!
RGLD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.20% yearly.
EPS 1Y (TTM)65.89%
EPS 3Y13.16%
EPS 5Y29.76%
EPS Q2Q%44.8%
Revenue 1Y (TTM)30.15%
Revenue growth 3Y5.31%
Revenue growth 5Y11.2%
Sales Q2Q%20.42%
3.2 Future
RGLD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.67% yearly.
RGLD is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.04% yearly.
EPS Next Y44.58%
EPS Next 2Y28.58%
EPS Next 3Y18.74%
EPS Next 5Y4.67%
Revenue Next Year15.51%
Revenue Next 2Y16.84%
Revenue Next 3Y13.88%
Revenue Next 5Y8.04%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 27.64, RGLD can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of RGLD indicates a somewhat cheap valuation: RGLD is cheaper than 67.31% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.24. RGLD is around the same levels.
With a Price/Forward Earnings ratio of 20.40, RGLD is valued on the expensive side.
RGLD's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.81, RGLD is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.64 | ||
| Fwd PE | 20.4 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RGLD is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, RGLD is valued a bit cheaper than 72.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.8 | ||
| EV/EBITDA | 17.55 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
RGLD has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as RGLD's earnings are expected to grow with 18.74% in the coming years.
PEG (NY)0.62
PEG (5Y)0.93
EPS Next 2Y28.58%
EPS Next 3Y18.74%
5. Dividend
5.1 Amount
RGLD has a Yearly Dividend Yield of 1.03%. Purely for dividend investing, there may be better candidates out there.
RGLD's Dividend Yield is a higher than the industry average which is at 2.59.
With a Dividend Yield of 1.03, RGLD pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.03% |
5.2 History
The dividend of RGLD is nicely growing with an annual growth rate of 9.20%!
RGLD has paid a dividend for at least 10 years, which is a reliable track record.
RGLD has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)9.2%
Div Incr Years9
Div Non Decr Years9
5.3 Sustainability
24.89% of the earnings are spent on dividend by RGLD. This is a low number and sustainable payout ratio.
The dividend of RGLD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP24.89%
EPS Next 2Y28.58%
EPS Next 3Y18.74%
177.44
+2.69 (+1.54%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners89.83%
Inst Owner Change0.02%
Ins Owners0.33%
Ins Owner Change2.86%
Market Cap11.68B
Analysts80
Price Target213.41 (20.27%)
Short Float %3.42%
Short Ratio2.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.03% |
Yearly Dividend1.6
Dividend Growth(5Y)9.2%
DP24.89%
Div Incr Years9
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.41%
Min EPS beat(2)4.95%
Max EPS beat(2)7.86%
EPS beat(4)4
Avg EPS beat(4)7.31%
Min EPS beat(4)4.95%
Max EPS beat(4)8.75%
EPS beat(8)6
Avg EPS beat(8)5.4%
EPS beat(12)7
Avg EPS beat(12)3.4%
EPS beat(16)9
Avg EPS beat(16)2.2%
Revenue beat(2)1
Avg Revenue beat(2)-0.55%
Min Revenue beat(2)-8.75%
Max Revenue beat(2)7.65%
Revenue beat(4)3
Avg Revenue beat(4)2.05%
Min Revenue beat(4)-8.75%
Max Revenue beat(4)7.65%
Revenue beat(8)4
Avg Revenue beat(8)1.24%
Revenue beat(12)6
Avg Revenue beat(12)0.18%
Revenue beat(16)9
Avg Revenue beat(16)1%
PT rev (1m)0.64%
PT rev (3m)9.64%
EPS NQ rev (1m)0.01%
EPS NQ rev (3m)28.12%
EPS NY rev (1m)2.59%
EPS NY rev (3m)7.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)25.26%
Revenue NY rev (1m)-6.94%
Revenue NY rev (3m)-5.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.64 | ||
| Fwd PE | 20.4 | ||
| P/S | 14.61 | ||
| P/FCF | 33.8 | ||
| P/OCF | 20.61 | ||
| P/B | 3.53 | ||
| P/tB | 3.53 | ||
| EV/EBITDA | 17.55 |
EPS(TTM)6.42
EY3.62%
EPS(NY)8.7
Fwd EY4.9%
FCF(TTM)5.25
FCFY2.96%
OCF(TTM)8.61
OCFY4.85%
SpS12.14
BVpS50.23
TBVpS50.23
PEG (NY)0.62
PEG (5Y)0.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.58% | ||
| ROE | 13.59% | ||
| ROCE | 14.79% | ||
| ROIC | 12.07% | ||
| ROICexc | 12.99% | ||
| ROICexgc | 12.99% | ||
| OM | 64.7% | ||
| PM (TTM) | 56.22% | ||
| GM | 86.51% | ||
| FCFM | 43.23% |
ROA(3y)7.89%
ROA(5y)8.46%
ROE(3y)9.22%
ROE(5y)9.71%
ROIC(3y)8.3%
ROIC(5y)8.08%
ROICexc(3y)8.68%
ROICexc(5y)8.66%
ROICexgc(3y)8.68%
ROICexgc(5y)8.66%
ROCE(3y)10.17%
ROCE(5y)9.91%
ROICexcg growth 3Y2.59%
ROICexcg growth 5Y18.62%
ROICexc growth 3Y2.59%
ROICexc growth 5Y18.62%
OM growth 3Y6.62%
OM growth 5Y12.44%
PM growth 3Y-2.05%
PM growth 5Y15.79%
GM growth 3Y0.68%
GM growth 5Y1.17%
F-Score9
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 165.06% | ||
| Cap/Sales | 27.68% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 87.04% | ||
| Profit Quality | 76.88% | ||
| Current Ratio | 4.49 | ||
| Quick Ratio | 4.32 | ||
| Altman-Z | 27.61 |
F-Score9
WACC10.11%
ROIC/WACC1.19
Cap/Depr(3y)196.04%
Cap/Depr(5y)153.72%
Cap/Sales(3y)55.86%
Cap/Sales(5y)45.23%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)65.89%
EPS 3Y13.16%
EPS 5Y29.76%
EPS Q2Q%44.8%
EPS Next Y44.58%
EPS Next 2Y28.58%
EPS Next 3Y18.74%
EPS Next 5Y4.67%
Revenue 1Y (TTM)30.15%
Revenue growth 3Y5.31%
Revenue growth 5Y11.2%
Sales Q2Q%20.42%
Revenue Next Year15.51%
Revenue Next 2Y16.84%
Revenue Next 3Y13.88%
Revenue Next 5Y8.04%
EBIT growth 1Y60.19%
EBIT growth 3Y12.28%
EBIT growth 5Y25.03%
EBIT Next Year75.58%
EBIT Next 3Y26.11%
EBIT Next 5Y11.87%
FCF growth 1Y172.83%
FCF growth 3Y21.32%
FCF growth 5Y11.11%
OCF growth 1Y37.39%
OCF growth 3Y9.15%
OCF growth 5Y15.9%