Metalla Royalty & Streaming Ltd. (MTA) vs McEwen Inc. (MUX)

Metalla Royalty & Streaming Ltd. and McEwen Inc. are both Other Precious Metals & Mining companies. McEwen Inc. is the larger, with a market value of $1.1B against $962.1M — 1.2× the size. Metalla Royalty & Streaming Ltd. has negative trailing earnings, so its P/E is not meaningful; McEwen Inc. trades at 13.9×. Metalla Royalty & Streaming Ltd. grew revenue faster over the last twelve months: 91.1% against 47.7%. McEwen Inc. has the higher net margin (32.5% vs −2.82%) and the higher return on invested capital (5.28% vs 0.64%). Across the 20 metrics below, McEwen Inc. leads on 13 and Metalla Royalty & Streaming Ltd. on 7.

Valuation

Metric MTA MUX Other Precious Metals & Mining median
P/E n/m 13.88 18.01
P/S 60.28 4.59 7.00
P/B 3.68 1.61 2.46
Price to free cash flow 339.36 180.05 58.16
EV/EBITDA 205.51 12.70 12.47
EV/Sales 61.11 4.73 5.74
Earnings yield (0.12%) 7.20% 2.75%
Free cash flow yield 0.29% 0.56% 0.51%

Profitability

Metric MTA MUX Other Precious Metals & Mining median
Gross margin 87.07% 30.91% 39.51%
Operating margin 16.80% 25.20% 25.20%
Net margin (2.82%) 32.46% 5.02%
Free cash flow margin 17.76% 2.55% 2.55%
Return on equity (0.17%) 13.54% 13.37%
Return on assets (0.16%) 9.34% 3.84%
Return on invested capital 0.64% 5.28% 5.28%

Growth

Metric MTA MUX Other Precious Metals & Mining median
Revenue growth (TTM) 91.12% 47.73% 54.39%
EPS growth (last fiscal year) 16.67% 168.60% —
Revenue growth, 5-year CAGR 37.70% 13.52% 20.68%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MTA MUX Other Precious Metals & Mining median
Debt to equity 0.05 0.18 0.00
Current ratio 4.50 2.04 5.20
Net debt to EBITDA 1.09 1.73 0.28

Dividend

Metric MTA MUX Other Precious Metals & Mining median
Dividend yield 0.38% — 1.64%
Payout ratio 0.00 0.00 0.00

Size

Metric MTA MUX Other Precious Metals & Mining median
Market cap 962.11m 1.14b 1.03b

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