Aris Mining Corporation (ARIS) vs OR Royalties Inc. (OR)

Aris Mining Corporation and OR Royalties Inc. are both Gold companies. OR Royalties Inc. is the larger, with a market value of $6.7B against $3.9B — 1.7× the size. Aris Mining Corporation trades at the lower P/E: 13.6× against 23.7×. Aris Mining Corporation grew revenue faster over the last twelve months: 96.3% against 69.5%. OR Royalties Inc. has the higher net margin (78.0% vs 22.4%) and the lower return on invested capital (10.8% vs 19.3%). Across the 22 metrics below, Aris Mining Corporation leads on 11 and OR Royalties Inc. on 11.

Valuation

Metric ARIS OR Gold median
P/E 13.62 23.71 23.34
P/S 3.08 18.53 5.02
P/B 2.21 4.53 3.53
Price to free cash flow 22.25 47.20 16.73
EV/EBITDA 6.36 21.12 8.34
EV/Sales 3.14 18.91 4.92
Earnings yield 7.34% 4.22% 1.44%
Free cash flow yield 4.50% 2.12% 0.75%

Profitability

Metric ARIS OR Gold median
Gross margin 59.51% 84.85% 50.00%
Operating margin 44.74% 77.18% 26.32%
Net margin 22.43% 78.03% 12.30%
Free cash flow margin 13.84% 83.58% 0.00%
Return on equity 19.07% 20.41% 6.36%
Return on assets 11.34% 17.17% 0.00%
Return on invested capital 19.25% 10.78% 0.52%

Growth

Metric ARIS OR Gold median
Revenue growth (TTM) 96.26% 69.51% 68.15%
EPS growth (last fiscal year) 192.86% 1,111.11% —
Revenue growth, 5-year CAGR 17.58% 11.71% 16.12%
Net income growth, 5-year CAGR 0.00% 74.88% 0.00%

Health

Metric ARIS OR Gold median
Debt to equity 0.29 0.14 0.10
Current ratio 1.91 2.28 3.08
Net debt to EBITDA 0.32 (0.61) 0.00

Dividend

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

Size

Metric ARIS OR Gold median
Market cap 3.85b 6.66b 1.96b

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