Comstock Inc. (LODE) vs Vox Royalty Corp. (VOXR)

Comstock Inc. and Vox Royalty Corp. are both Other Precious Metals & Mining companies. Vox Royalty Corp. is the larger, with a market value of $375.3M against $194.5M — 1.9× the size. Comstock Inc. has negative trailing earnings, so its P/E is not meaningful; Vox Royalty Corp. trades at 7.7×. Vox Royalty Corp. grew revenue faster over the last twelve months: 209.8% against −69.1%. Vox Royalty Corp. has the higher net margin (144.3% vs −6,011.8%) and the higher return on invested capital (8.42% vs −30.9%). Across the 18 metrics below, Vox Royalty Corp. leads on 17 and Comstock Inc. on 1.

Valuation

Metric LODE VOXR Other Precious Metals & Mining median
P/E n/m 7.74 18.01
P/S 191.25 11.24 7.00
P/B 1.38 2.46 2.46
Price to free cash flow n/m n/m 58.16
EV/EBITDA n/m 12.59 12.47
EV/Sales 172.80 10.50 5.74
Earnings yield (40.23%) 12.92% 2.75%
Free cash flow yield (19.33%) (12.99%) 0.51%

Profitability

Metric LODE VOXR Other Precious Metals & Mining median
Gross margin (165.57%) 66.24% 39.51%
Operating margin (5,845.64%) 49.09% 25.20%
Net margin (6,011.76%) 144.32% 5.02%
Free cash flow margin (3,667.19%) 64.11% 2.55%
Return on equity (52.47%) 49.39% 13.37%
Return on assets (35.70%) 42.70% 3.84%
Return on invested capital (30.85%) 8.42% 5.28%

Growth

Metric LODE VOXR Other Precious Metals & Mining median
Revenue growth (TTM) (69.07%) 209.77% 54.39%
EPS growth (last fiscal year) 63.55% 433.33% —
Revenue growth, 5-year CAGR 50.43% 162.52% 20.68%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LODE VOXR Other Precious Metals & Mining median
Debt to equity 0.08 0.00 0.00
Current ratio 3.20 7.50 5.20
Net debt to EBITDA 0.15 (0.17) 0.28

Dividend

Metric LODE VOXR Other Precious Metals & Mining median
Dividend yield — 2.38% 1.64%
Payout ratio 0.00 — 0.00

Size

Metric LODE VOXR Other Precious Metals & Mining median
Market cap 194.54m 375.27m 1.03b

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