Friday 6 November 2026
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Versamet Royalties Corporation
VMET Basic Materials Other Precious Metals & Mining
Versamet Royalties Corporation’s revenue for fiscal 2025 (year ended December 2025) was $34.8 million, up 189.1% from fiscal 2024.
- Revenue
- +391.9%
- EPS
- +2,677.8%
- Free cash flow
- +778.6%
- Total debt
- +607.5%
Quarter to June 2026, against a year earlier
9.00
0.07
+0.78%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | 12 | 35 | 74 | +189.1% | 89 | 122 | 89 | +36.7% | |
| Gross margin, % | — | — | — | — | — | — | — | — | 9.92 | 38.77 | 54.74 | +28.8 pt | ||||||
| EBT | — | — | — | — | — | — | — | — | (1) | 30 | 53 | n/m | ||||||
| EBT margin, % | — | — | — | — | — | — | — | — | (7.27) | 85.16 | 71.09 | +92.4 pt | ||||||
| Net income | — | — | — | — | — | — | — | — | (2) | 20 | 37 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | — | 0.16 | 0.37 | 0.69 | +137.5% | |||||
| Earnings | — | — | — | — | — | — | — | — | (0.03) | 0.22 | 0.39 | n/m | ||||||
| Cash flow | — | — | — | — | — | — | — | — | 0.10 | 0.18 | 0.46 | +88.2% | ||||||
| Capex | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | 0.10 | 0.18 | 0.46 | +88.2% | ||||||
| Book value | — | — | — | — | — | — | — | — | 2.77 | 2.52 | 3.66 | (9.1%) | ||||||
| Shares, m | — | — | — | — | — | — | — | — | 76 | 93 | 98 | +21.7% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | 0.00 | 51.33 | 23.03 | 25.7 | |||||
| P/S | — | — | — | — | — | — | — | — | 43.20 | 30.29 | 13.05 | 36.7 | ||||||
| P/B | — | — | — | — | — | — | — | — | 2.97 | 4.50 | 2.45 | 3.7 | ||||||
| EV/Sales | — | — | — | — | — | — | — | — | 47.58 | 35.10 | 17.93 | 41.3 | ||||||
| EV/FCF | — | — | — | — | — | — | — | — | 100.77 | 72.01 | 26.78 | 86.4 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | — | 7 | 17 | 50 | +129.1% | |||||
| Capex | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | 7 | 17 | 50 | +129.1% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | — | (7) | (9) | (15) | +17.1% | |||||
| Net debt | — | — | — | — | — | — | — | — | 12 | 167 | 362 | +1,353.3% | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | — | 211 | 234 | 395 | +10.7% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | — | 0.00 | 6.27 | 7.00 | +6.3 pt | |||||
| ROIC | — | — | — | — | — | — | — | — | 0.39 | 6.04 | 5.49 | +5.7 pt | ||||||
| ROE | — | — | — | — | — | — | — | — | 0.00 | 9.13 | 12.17 | +9.1 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 8 | — | — | — | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | — | 1.50 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Versamet Royalties Corporation vs peers in Other Precious Metals & Mining (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PPTA Perpetua Resources Corp. | $2.1B | — (loss-making) | — | — | n/m | −1,165.90% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| SIND Sinda Ltd. | $1.9B | — (loss-making) | — | — | n/m | — | 0.00% | 0.00% | Compare |
| SLSR Solaris Resources Inc. | $1.2B | — (loss-making) | — | — | n/m | −51.52% (below 0%: shrinking) | — | 0.00% | Compare |
| VMET Versamet Royalties Corporation | $971.9M | 23.0× | — | +391.88% (above 0%: growing) | +2,677.78% (above 0%: growing) | +778.57% (above 0%: growing) | 58.96% | 58.04% | |
| MUX McEwen Inc. | $912.4M | 10.9× | 15.1× | +26.84% (above 0%: growing) | +166.67% (above 0%: growing) | +328.14% (above 0%: growing) | 33.90% | 13.01% | Compare |
| ASM Avino Silver | $777.9M | 16.5× | 13.1× | +22.85% (above 0%: growing) | +200.00% (above 0%: growing) | +106.43% (above 0%: growing) | 48.42% | 34.22% | Compare |
| MTA Metalla Royalty & Streaming Ltd. | $722.8M | — (loss-making) | 103× | +93.84% (above 0%: growing) | n/m | +75.32% (above 0%: growing) | 91.00% | 44.37% | Compare |
| ITRG Integra Resources Corp. | $434.1M | 53.5× | — | +15.92% (above 0%: growing) | 0.00% | +154.33% (above 0%: growing) | 33.01% | 20.06% | Compare |
| VOXR Vox Royalty Corp. | $340.5M | 7.0× | 7.5× | +122.56% (above 0%: growing) | n/m | +146.39% (above 0%: growing) | 66.34% | 123.61% | Compare |
| Median of peers | $845.2M | 13.7× | 14.1× | +26.84% | +166.67% | +106.43% | 33.90% | 16.54% |