Gold Royalty Corp. (GROY) vs Mako Mining Corp. (MAKO)

Gold Royalty Corp. and Mako Mining Corp. are both Gold companies. Gold Royalty Corp. and Mako Mining Corp. are of similar size ($720.5M and $685.1M). Mako Mining Corp. trades at the lower P/E: 13.0× against 780×. Gold Royalty Corp. grew revenue faster over the last twelve months: 82.3% against 81.7%. Mako Mining Corp. has the higher net margin (25.1% vs 6.65%) and the higher return on invested capital (67.3% vs 0.52%). Across the 19 metrics below, Mako Mining Corp. leads on 13 and Gold Royalty Corp. on 6.

Valuation

Metric GROY MAKO Gold median
P/E 780.00 13.03 17.98
P/S 31.92 3.31 3.83
P/B 0.99 3.63 2.42
Price to free cash flow n/m 12.16 15.50
EV/EBITDA 62.43 6.17 6.72
EV/Sales 31.30 2.80 3.73
Earnings yield 0.13% 7.67% 1.19%
Free cash flow yield (8.24%) 8.22% 0.81%

Profitability

Metric GROY MAKO Gold median
Gross margin 71.17% 53.27% 49.13%
Operating margin 26.32% 40.31% 21.90%
Net margin 6.65% 25.11% 9.65%
Free cash flow margin 47.92% 27.18% 0.00%
Return on equity 0.23% 36.63% 0.12%
Return on assets 0.19% 23.82% 0.10%
Return on invested capital 0.52% 67.34% 0.26%

Growth

Metric GROY MAKO Gold median
Revenue growth (TTM) 82.28% 81.74% 68.15%
EPS growth (last fiscal year) 0.00% 56.04% 60.15%
Revenue growth, 5-year CAGR 141.00% — 15.33%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric GROY MAKO Gold median
Debt to equity 0.00 0.00 0.03
Current ratio 4.80 3.11 3.34
Net debt to EBITDA (3.24) (1.26) (0.15)

Dividend

Metric GROY MAKO Gold median
Dividend yield — — 0.79%
Payout ratio — — 0.15

Size

Metric GROY MAKO Gold median
Market cap 720.53m 685.11m 1.12b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack