Allied Gold Corporation (AAUC) vs OR Royalties Inc. (OR)

Allied Gold Corporation and OR Royalties Inc. are both Gold companies. OR Royalties Inc. is the larger, with a market value of $6.7B against $3.1B — 2.2× the size. Allied Gold Corporation has negative trailing earnings, so its P/E is not meaningful; OR Royalties Inc. trades at 23.7×. OR Royalties Inc. grew revenue faster over the last twelve months: 69.5% against 55.9%. OR Royalties Inc. has the higher net margin (78.0% vs −4.19%) and the lower return on invested capital (10.8% vs 43.0%). Across the 18 metrics below, OR Royalties Inc. leads on 12 and Allied Gold Corporation on 6.

Valuation

Metric AAUC OR Gold median
P/E n/m 23.71 23.34
P/S 1.88 18.53 5.02
P/B 4.49 4.53 3.53
Price to free cash flow n/m 47.20 16.73
EV/EBITDA 7.04 21.12 8.34
EV/Sales 1.93 18.91 4.92
Earnings yield (2.34%) 4.22% 1.44%
Free cash flow yield (4.60%) 2.12% 0.75%

Profitability

Metric AAUC OR Gold median
Gross margin 44.22% 84.85% 50.00%
Operating margin 27.45% 77.18% 26.32%
Net margin (4.19%) 78.03% 12.30%
Free cash flow margin (8.67%) 83.58% 0.00%
Return on equity (11.53%) 20.41% 6.36%
Return on assets (3.38%) 17.17% 0.00%
Return on invested capital 42.97% 10.78% 0.52%

Growth

Metric AAUC OR Gold median
Revenue growth (TTM) 55.92% 69.51% 68.15%
EPS growth (last fiscal year) 66.24% 1,111.11% —
Revenue growth, 5-year CAGR — 11.71% 16.12%
Net income growth, 5-year CAGR — 74.88% 0.00%

Health

Metric AAUC OR Gold median
Debt to equity 0.26 0.14 0.10
Current ratio 0.60 2.28 3.08
Net debt to EBITDA (1.17) (0.61) 0.00

Dividend

Metric AAUC OR Gold median
Dividend yield — 1.10% 1.49%
Payout ratio — 0.51 0.00

Size

Metric AAUC OR Gold median
Market cap 3.07b 6.66b 1.96b

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