ROYAL GOLD INC (RGLD) Stock Fundamental Analysis
USA - NASDAQ:RGLD - US7802871084 - Common Stock
185.5 USD
+1.43 (+0.78%)
184.933 USD
-0.57 (-0.31%)
Overall RGLD gets a fundamental rating of 7 out of 10. We evaluated RGLD against 154 industry peers in the Metals & Mining industry. While RGLD has a great profitability rating, there are some minor concerns on its financial health. RGLD is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! With these ratings, RGLD could be worth investigating further 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.
RGLD had a positive operating cash flow in each of the past 5 years.
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.
RGLD has a Return On Equity of 14.09%. This is amongst the best in the industry. RGLD outperforms 83.77% of its industry peers.
The Return On Invested Capital of RGLD (10.72%) is better than 83.77% 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 12.85%.
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
With an excellent Profit Margin value of 55.97%, RGLD belongs to the best of the industry, outperforming 97.40% of the companies in the same industry.
RGLD's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 66.87%, RGLD belongs to the best of the industry, outperforming 98.05% of the companies in the same industry.
RGLD's Operating Margin has improved in the last couple of years.
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.
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 | 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), RGLD is creating some value.
The number of shares outstanding for RGLD remains at a similar level compared to 1 year ago.
The number of shares outstanding for RGLD has been increased compared to 5 years ago.
RGLD has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 7.96 indicates that RGLD is not in any danger for bankruptcy at the moment.
The Altman-Z score of RGLD (7.96) is better than 75.32% 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 42.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 7.96 |
ROIC/WACC1.13
WACC9.52%
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 in line with its industry peers.
A Quick Ratio of 2.68 indicates that RGLD has no problem at all paying its short term obligations.
The Quick ratio of RGLD (2.68) is better than 66.88% of its industry peers.
| 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
Looking at the last year, RGLD shows a very strong growth in Revenue. The Revenue has grown by 28.11%.
The Revenue has been growing by 11.20% on average over the past years. This is quite good.
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
Based on estimates for the next years, RGLD will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.96% on average per year.
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 26.46, which means the current valuation is very expensive for RGLD.
Based on the Price/Earnings ratio, RGLD is valued a bit cheaper than 68.18% of the companies in the same industry.
RGLD is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.51, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 17.48 indicates a rather expensive valuation of RGLD.
RGLD's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 34.98. RGLD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.46 | ||
| Fwd PE | 17.48 |
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 | 18.19 |
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.
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.
RGLD's Dividend Yield is a higher than the industry average which is at 2.63.
Compared to an average S&P500 Dividend Yield of 2.44, RGLD's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
5.2 History
On average, the dividend of RGLD grows each year by 9.20%, which is quite nice.
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
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%
185.5
+1.43 (+0.78%)
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 Cap12.21B
Revenue(TTM)857.71M
Net Income(TTM)480.08M
Analysts80
Price Target252.87 (36.32%)
Short Float %3.57%
Short Ratio1.87
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 | 26.46 | ||
| Fwd PE | 17.48 | ||
| P/S | 14.24 | ||
| P/FCF | N/A | ||
| P/OCF | 20.21 | ||
| P/B | 3.58 | ||
| P/tB | 3.58 | ||
| EV/EBITDA | 18.19 |
EPS(TTM)7.01
EY3.78%
EPS(NY)10.61
Fwd EY5.72%
FCF(TTM)-9.22
FCFYN/A
OCF(TTM)9.18
OCFY4.95%
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 | 7.96 |
F-Score7
WACC9.52%
ROIC/WACC1.13
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 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 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%.