ROYAL GOLD INC (RGLD) Stock Fundamental Analysis
USA - NASDAQ:RGLD - US7802871084 - Common Stock
185.83 USD
-3.64 (-1.92%)
185.83 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to RGLD. RGLD was compared to 154 industry peers in the Metals & Mining industry. RGLD has an excellent profitability rating, but there are some minor concerns on its financial health. RGLD is growing strongly while it is still valued neutral. This is a good combination! These ratings would make RGLD suitable for growth 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 has a Return On Assets of 10.75%. This is amongst the best in the industry. RGLD outperforms 90.26% of its industry peers.
Looking at the Return On Equity, with a value of 14.09%, RGLD belongs to the top of the industry, outperforming 83.77% of the companies in the same industry.
RGLD has a Return On Invested Capital of 10.72%. This is amongst the best in the industry. RGLD outperforms 83.77% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for RGLD is below the industry average of 12.85%.
The last Return On Invested Capital (10.72%) for RGLD is above the 3 year average (8.30%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.75% | ||
| ROE | 14.09% | ||
| ROIC | 10.72% |
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 (55.97%) is better than 97.40% of its industry peers.
In the last couple of years the Profit Margin of RGLD has grown nicely.
The Operating Margin of RGLD (66.87%) is better than 98.05% of its industry peers.
In the last couple of years the Operating Margin of RGLD has grown nicely.
With an excellent Gross Margin value of 86.83%, RGLD belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
RGLD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 66.87% | ||
| PM (TTM) | 55.97% | ||
| GM | 86.83% |
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.
Compared to 1 year ago, RGLD has about the same amount of shares outstanding.
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 7.97 indicates that RGLD is not in any danger for bankruptcy at the moment.
RGLD has a Altman-Z score of 7.97. This is in the better half of the industry: RGLD outperforms 75.97% of its industry peers.
A Debt/Equity ratio of 0.23 indicates that RGLD is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.23, RGLD perfoms like the industry average, outperforming 42.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 7.97 |
ROIC/WACC1.12
WACC9.6%
2.3 Liquidity
A Current Ratio of 2.89 indicates that RGLD has no problem at all paying its short term obligations.
RGLD has a Current ratio (2.89) which is comparable to the rest of the industry.
RGLD has a Quick Ratio of 2.68. This indicates that RGLD is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 2.68, RGLD is doing good in the industry, outperforming 66.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.89 | ||
| Quick Ratio | 2.68 |
3. Growth
3.1 Past
RGLD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 53.06%, which is quite impressive.
The Earnings Per Share has been growing by 29.76% on average over the past years. This is a very strong growth
The Revenue has grown by 28.11% in the past year. This is a very strong growth!
Measured over the past years, RGLD shows a quite strong growth in Revenue. The Revenue has been growing by 11.20% on average per year.
EPS 1Y (TTM)53.06%
EPS 3Y13.16%
EPS 5Y29.76%
EPS Q2Q%40.14%
Revenue 1Y (TTM)28.11%
Revenue growth 3Y5.31%
Revenue growth 5Y11.2%
Sales Q2Q%30.04%
3.2 Future
The Earnings Per Share is expected to grow by 13.96% on average over the next years. This is quite good.
RGLD is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.28% yearly.
EPS Next Y53.6%
EPS Next 2Y42.04%
EPS Next 3Y26.86%
EPS Next 5Y13.96%
Revenue Next Year22.89%
Revenue Next 2Y31.6%
Revenue Next 3Y32.94%
Revenue Next 5Y21.28%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
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
The Price/Earnings ratio is 26.51, which means the current valuation is very expensive for RGLD.
Based on the Price/Earnings ratio, RGLD is valued a bit cheaper than 68.83% of the companies in the same industry.
RGLD's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.89.
With a Price/Forward Earnings ratio of 17.51, RGLD is valued on the expensive side.
RGLD's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of RGLD to the average of the S&P500 Index (34.59), we can say RGLD is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.51 | ||
| Fwd PE | 17.51 |
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.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.22 |
4.3 Compensation for Growth
RGLD's 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.
RGLD's earnings are expected to grow with 26.86% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.49
PEG (5Y)0.89
EPS Next 2Y42.04%
EPS Next 3Y26.86%
5. Dividend
5.1 Amount
With a yearly dividend of 0.95%, RGLD is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.63, RGLD pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.95, RGLD pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
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
RGLD pays out 24.00% of its income as dividend. This is a sustainable payout ratio.
The dividend of RGLD is growing, but earnings are growing more, so the dividend growth is sustainable.
DP24%
EPS Next 2Y42.04%
EPS Next 3Y26.86%
185.83
-3.64 (-1.92%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners89.63%
Inst Owner Change2.78%
Ins Owners0.32%
Ins Owner Change-1.36%
Market Cap12.23B
Revenue(TTM)857.71M
Net Income(TTM)480.08M
Analysts80
Price Target252.87 (36.08%)
Short Float %5.32%
Short Ratio3.06
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
Yearly Dividend1.6
Dividend Growth(5Y)9.2%
DP24%
Div Incr Years9
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.24%
Min EPS beat(2)4.95%
Max EPS beat(2)21.52%
EPS beat(4)4
Avg EPS beat(4)10.5%
Min EPS beat(4)4.95%
Max EPS beat(4)21.52%
EPS beat(8)7
Avg EPS beat(8)8.9%
EPS beat(12)8
Avg EPS beat(12)5.62%
EPS beat(16)10
Avg EPS beat(16)4.25%
Revenue beat(2)0
Avg Revenue beat(2)-6.05%
Min Revenue beat(2)-8.75%
Max Revenue beat(2)-3.35%
Revenue beat(4)2
Avg Revenue beat(4)0.55%
Min Revenue beat(4)-8.75%
Max Revenue beat(4)7.65%
Revenue beat(8)4
Avg Revenue beat(8)0.83%
Revenue beat(12)6
Avg Revenue beat(12)0.57%
Revenue beat(16)8
Avg Revenue beat(16)0.51%
PT rev (1m)12.06%
PT rev (3m)20.47%
EPS NQ rev (1m)-1.51%
EPS NQ rev (3m)8.29%
EPS NY rev (1m)2.71%
EPS NY rev (3m)8.98%
Revenue NQ rev (1m)25.42%
Revenue NQ rev (3m)22.72%
Revenue NY rev (1m)5.94%
Revenue NY rev (3m)-1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.51 | ||
| Fwd PE | 17.51 | ||
| P/S | 14.26 | ||
| P/FCF | N/A | ||
| P/OCF | 20.25 | ||
| P/B | 3.59 | ||
| P/tB | 3.59 | ||
| EV/EBITDA | 18.22 |
EPS(TTM)7.01
EY3.77%
EPS(NY)10.61
Fwd EY5.71%
FCF(TTM)-9.22
FCFYN/A
OCF(TTM)9.18
OCFY4.94%
SpS13.03
BVpS51.75
TBVpS51.75
PEG (NY)0.49
PEG (5Y)0.89
Graham Number90.34
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.75% | ||
| ROE | 14.09% | ||
| ROCE | 13.14% | ||
| ROIC | 10.72% | ||
| ROICexc | 11.16% | ||
| ROICexgc | 11.16% | ||
| OM | 66.87% | ||
| PM (TTM) | 55.97% | ||
| GM | 86.83% | ||
| FCFM | N/A |
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-Score7
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.09 | ||
| Cap/Depr | 926.2% | ||
| Cap/Sales | 141.23% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 85.78% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.89 | ||
| Quick Ratio | 2.68 | ||
| Altman-Z | 7.97 |
F-Score7
WACC9.6%
ROIC/WACC1.12
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)53.06%
EPS 3Y13.16%
EPS 5Y29.76%
EPS Q2Q%40.14%
EPS Next Y53.6%
EPS Next 2Y42.04%
EPS Next 3Y26.86%
EPS Next 5Y13.96%
Revenue 1Y (TTM)28.11%
Revenue growth 3Y5.31%
Revenue growth 5Y11.2%
Sales Q2Q%30.04%
Revenue Next Year22.89%
Revenue Next 2Y31.6%
Revenue Next 3Y32.94%
Revenue Next 5Y21.28%
EBIT growth 1Y52.48%
EBIT growth 3Y12.28%
EBIT growth 5Y25.03%
EBIT Next Year86.23%
EBIT Next 3Y36.73%
EBIT Next 5Y27.68%
FCF growth 1Y-393.89%
FCF growth 3Y21.32%
FCF growth 5Y11.11%
OCF growth 1Y45.34%
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 7 / 10 to RGLD.
What is the valuation status for RGLD stock?
ChartMill assigns a valuation rating of 4 / 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 5 / 10.
How sustainable is the dividend of ROYAL GOLD INC (RGLD) stock?
The dividend rating of ROYAL GOLD INC (RGLD) is 6 / 10 and the dividend payout ratio is 24%.