ROYAL GOLD INC (RGLD) Stock Fundamental Analysis
USA - NASDAQ:RGLD - US7802871084 - Common Stock
183.41 USD
-0.17 (-0.09%)
180.06 USD
-3.35 (-1.83%)
Overall RGLD gets a fundamental rating of 8 out of 10. We evaluated RGLD against 155 industry peers in the Metals & Mining industry. RGLD has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. RGLD is growing strongly while it is still valued neutral. This is a good combination! These ratings would make RGLD suitable for growth and 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.
RGLD had positive earnings in each of the past 5 years.
Each year in the past 5 years RGLD had a positive operating cash flow.
1.2 Ratios
RGLD's Return On Assets of 12.58% is amongst the best of the industry. RGLD outperforms 92.90% of its industry peers.
RGLD has a better Return On Equity (13.59%) than 87.10% of its industry peers.
RGLD has a better Return On Invested Capital (12.07%) than 90.32% of its industry peers.
RGLD had an Average Return On Invested Capital over the past 3 years of 8.30%. This is below the industry average of 12.29%.
The 3 year average ROIC (8.30%) for RGLD is below the current ROIC(12.07%), indicating increased profibility in the last year.
| 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
The Profit Margin of RGLD (56.22%) is better than 98.71% of its industry peers.
In the last couple of years the Profit Margin of RGLD has grown nicely.
RGLD's Operating Margin of 64.70% is amongst the best of the industry. RGLD outperforms 98.06% of its industry peers.
In the last couple of years the Operating Margin of RGLD has grown nicely.
The Gross Margin of RGLD (86.51%) is better than 100.00% of its industry peers.
In the last couple of years the Gross Margin of RGLD has remained more or less at the same level.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so RGLD is still creating some value.
The number of shares outstanding for RGLD remains at a similar level compared to 1 year ago.
RGLD has more shares outstanding than it did 5 years ago.
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
An Altman-Z score of 28.50 indicates that RGLD is not in any danger for bankruptcy at the moment.
RGLD has a Altman-Z score of 28.50. This is amongst the best in the industry. RGLD outperforms 85.16% 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 | 28.5 |
ROIC/WACC1.35
WACC8.91%
2.3 Liquidity
A Current Ratio of 4.49 indicates that RGLD has no problem at all paying its short term obligations.
RGLD's Current ratio of 4.49 is fine compared to the rest of the industry. RGLD outperforms 76.13% of its industry peers.
A Quick Ratio of 4.32 indicates that RGLD has no problem at all paying its short term obligations.
RGLD has a Quick ratio of 4.32. This is in the better half of the industry: RGLD outperforms 76.77% of its industry peers.
| 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.
RGLD shows a strong growth in Revenue. In the last year, the Revenue has grown by 30.15%.
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.
The Revenue is expected to grow by 21.28% on average over the next years. This is a very strong growth
EPS Next Y49.55%
EPS Next 2Y33.09%
EPS Next 3Y20.59%
EPS Next 5Y4.67%
Revenue Next Year15.99%
Revenue Next 2Y15.59%
Revenue Next 3Y22.23%
Revenue Next 5Y21.28%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 28.57, the valuation of RGLD can be described as expensive.
69.03% of the companies in the same industry are more expensive than RGLD, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of RGLD to the average of the S&P500 Index (26.83), we can say RGLD is valued inline with the index average.
RGLD is valuated rather expensively with a Price/Forward Earnings ratio of 19.69.
The rest of the industry has a similar Price/Forward Earnings ratio as RGLD.
The average S&P500 Price/Forward Earnings ratio is at 22.82. RGLD is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.57 | ||
| Fwd PE | 19.69 |
4.2 Price Multiples
RGLD's Enterprise Value to EBITDA ratio is in line with the industry average.
RGLD's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. RGLD is cheaper than 72.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.94 | ||
| EV/EBITDA | 18.16 |
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 20.59% in the coming years.
PEG (NY)0.58
PEG (5Y)0.96
EPS Next 2Y33.09%
EPS Next 3Y20.59%
5. Dividend
5.1 Amount
RGLD has a yearly dividend return of 0.87%, which is pretty low.
RGLD's Dividend Yield is a higher than the industry average which is at 2.42.
Compared to an average S&P500 Dividend Yield of 2.34, RGLD's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.87% |
5.2 History
The dividend of RGLD is nicely growing with an annual growth rate of 9.20%!
RGLD has been paying a dividend for at least 10 years, so it has a reliable track record.
As RGLD did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
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 2Y33.09%
EPS Next 3Y20.59%
183.41
-0.17 (-0.09%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners89.63%
Inst Owner Change0.12%
Ins Owners0.32%
Ins Owner Change0.63%
Market Cap12.07B
Revenue(TTM)799.48M
Net Income(TTM)449.50M
Analysts80
Price Target225.65 (23.03%)
Short Float %4.5%
Short Ratio3.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.87% |
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%
PT rev (3m)6.41%
EPS NQ rev (1m)-0.69%
EPS NQ rev (3m)7.26%
EPS NY rev (1m)3.44%
EPS NY rev (3m)6.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.57 | ||
| Fwd PE | 19.69 | ||
| P/S | 15.1 | ||
| P/FCF | 34.94 | ||
| P/OCF | 21.3 | ||
| P/B | 3.65 | ||
| P/tB | 3.65 | ||
| EV/EBITDA | 18.16 |
EPS(TTM)6.42
EY3.5%
EPS(NY)9.32
Fwd EY5.08%
FCF(TTM)5.25
FCFY2.86%
OCF(TTM)8.61
OCFY4.7%
SpS12.14
BVpS50.23
TBVpS50.23
PEG (NY)0.58
PEG (5Y)0.96
Graham Number85.18
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%
ROICexgc growth 3Y2.59%
ROICexgc 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 | 28.5 |
F-Score9
WACC8.91%
ROIC/WACC1.35
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 Y49.55%
EPS Next 2Y33.09%
EPS Next 3Y20.59%
EPS Next 5Y4.67%
Revenue 1Y (TTM)30.15%
Revenue growth 3Y5.31%
Revenue growth 5Y11.2%
Sales Q2Q%20.42%
Revenue Next Year15.99%
Revenue Next 2Y15.59%
Revenue Next 3Y22.23%
Revenue Next 5Y21.28%
EBIT growth 1Y60.19%
EBIT growth 3Y12.28%
EBIT growth 5Y25.03%
EBIT Next Year86.23%
EBIT Next 3Y36.73%
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%
ROYAL GOLD INC / RGLD FAQ
What is the ChartMill fundamental rating of ROYAL GOLD INC (RGLD) stock?
ChartMill assigns a fundamental rating of 8 / 10 to RGLD.
What is the valuation status for RGLD stock?
ChartMill assigns a valuation rating of 5 / 10 to ROYAL GOLD INC (RGLD). This can be considered as Fairly Valued.
Can you provide the profitability details for ROYAL GOLD INC?
ROYAL GOLD INC (RGLD) has a profitability rating of 9 / 10.
What is the financial health of ROYAL GOLD INC (RGLD) stock?
The financial health rating of ROYAL GOLD INC (RGLD) is 8 / 10.
How sustainable is the dividend of ROYAL GOLD INC (RGLD) stock?
The dividend rating of ROYAL GOLD INC (RGLD) is 5 / 10 and the dividend payout ratio is 24.89%.