Metalla Royalty & Streaming Ltd. (MTA) vs Triple Flag Precious Metals Corp. (TFPM)

Metalla Royalty & Streaming Ltd. and Triple Flag Precious Metals Corp. are both Other Precious Metals & Mining companies. Triple Flag Precious Metals Corp. is the larger, with a market value of $6.6B against $962.1M — 6.9× the size. Metalla Royalty & Streaming Ltd. has negative trailing earnings, so its P/E is not meaningful; Triple Flag Precious Metals Corp. trades at 21.2×. Metalla Royalty & Streaming Ltd. grew revenue faster over the last twelve months: 91.1% against 54.4%. Triple Flag Precious Metals Corp. has the higher net margin (68.7% vs −2.82%) and the higher return on invested capital (8.65% vs 0.64%). Both pay a dividend; Triple Flag Precious Metals Corp. yields more (1.64% vs 0.38%). Across the 22 metrics below, Triple Flag Precious Metals Corp. leads on 19 and Metalla Royalty & Streaming Ltd. on 3.

Valuation

Metric MTA TFPM Other Precious Metals & Mining median
P/E n/m 21.18 18.01
P/S 60.28 14.66 7.00
P/B 3.68 3.09 2.46
Price to free cash flow 339.36 37.46 58.16
EV/EBITDA 205.51 18.33 12.47
EV/Sales 61.11 14.30 5.74
Earnings yield (0.12%) 4.72% 2.75%
Free cash flow yield 0.29% 2.67% 0.51%

Profitability

Metric MTA TFPM Other Precious Metals & Mining median
Gross margin 87.07% 70.32% 39.51%
Operating margin 16.80% 60.57% 25.20%
Net margin (2.82%) 68.68% 5.02%
Free cash flow margin 17.76% 39.14% 2.55%
Return on equity (0.17%) 15.92% 13.37%
Return on assets (0.16%) 15.52% 3.84%
Return on invested capital 0.64% 8.65% 5.28%

Growth

Metric MTA TFPM Other Precious Metals & Mining median
Revenue growth (TTM) 91.12% 54.39% 54.39%
EPS growth (last fiscal year) 16.67% 1,172.73% —
Revenue growth, 5-year CAGR 37.70% 26.73% 20.68%
Net income growth, 5-year CAGR 0.00% 32.54% 0.00%

Health

Metric MTA TFPM Other Precious Metals & Mining median
Debt to equity 0.05 0.00 0.00
Current ratio 4.50 6.31 5.20
Net debt to EBITDA 1.09 (0.29) 0.28

Dividend

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

Size

Metric MTA TFPM Other Precious Metals & Mining median
Market cap 962.11m 6.60b 1.03b

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