Gold Royalty Corp. (GROY) vs Idaho Strategic Resources, Inc. (IDR)

Gold Royalty Corp. and Idaho Strategic Resources, Inc. are both Gold companies. Gold Royalty Corp. is the larger, with a market value of $736.7M against $471.6M — 1.6× the size. Idaho Strategic Resources, Inc. trades at the lower P/E: 20.8× against 790×. Gold Royalty Corp. grew revenue faster over the last twelve months: 82.3% against 66.8%. Idaho Strategic Resources, Inc. has the higher net margin (44.0% vs 6.65%) and the higher return on invested capital (17.0% vs 0.52%). Across the 20 metrics below, Idaho Strategic Resources, Inc. leads on 13 and Gold Royalty Corp. on 7.

Valuation

Metric GROY IDR Gold median
P/E 790.00 20.82 23.34
P/S 32.33 9.45 5.02
P/B 1.01 3.90 3.53
Price to free cash flow n/m 255.97 16.73
EV/EBITDA 63.25 17.35 8.34
EV/Sales 31.71 8.71 4.92
Earnings yield 0.13% 4.80% 1.44%
Free cash flow yield (8.14%) 0.39% 0.75%

Profitability

Metric GROY IDR Gold median
Gross margin 71.17% 64.15% 50.00%
Operating margin 26.32% 45.08% 26.32%
Net margin 6.65% 44.00% 12.30%
Free cash flow margin 47.92% 3.69% 0.00%
Return on equity 0.23% 25.55% 6.36%
Return on assets 0.19% 23.84% 0.00%
Return on invested capital 0.52% 16.97% 0.52%

Growth

Metric GROY IDR Gold median
Revenue growth (TTM) 82.28% 66.79% 68.15%
EPS growth (last fiscal year) 0.00% 70.15% —
Revenue growth, 5-year CAGR 141.00% 49.52% 16.12%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GROY IDR Gold median
Debt to equity 0.00 0.01 0.10
Current ratio 4.80 12.17 3.08
Net debt to EBITDA (3.24) (2.46) 0.00

Dividend

Metric GROY IDR Gold median
Dividend yield 1.49% — 1.49%
Payout ratio 0.00 0.00 0.00

Size

Metric GROY IDR Gold median
Market cap 736.74m 471.62m 1.96b

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