Metalla Royalty & Streaming Ltd. (MTA) vs Vox Royalty Corp. (VOXR)

Metalla Royalty & Streaming Ltd. and Vox Royalty Corp. are both Other Precious Metals & Mining companies. Metalla Royalty & Streaming Ltd. is the larger, with a market value of $962.1M against $375.3M — 2.6× the size. Metalla Royalty & Streaming Ltd. 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 91.1%. Vox Royalty Corp. has the higher net margin (144.3% vs −2.82%) and the higher return on invested capital (8.42% vs 0.64%). Both pay a dividend; Vox Royalty Corp. yields more (2.38% vs 0.38%). Across the 20 metrics below, Vox Royalty Corp. leads on 18 and Metalla Royalty & Streaming Ltd. on 2.

Valuation

Metric MTA VOXR Other Precious Metals & Mining median
P/E n/m 7.74 18.01
P/S 60.28 11.24 7.00
P/B 3.68 2.46 2.46
Price to free cash flow 339.36 n/m 58.16
EV/EBITDA 205.51 12.59 12.47
EV/Sales 61.11 10.50 5.74
Earnings yield (0.12%) 12.92% 2.75%
Free cash flow yield 0.29% (12.99%) 0.51%

Profitability

Metric MTA VOXR Other Precious Metals & Mining median
Gross margin 87.07% 66.24% 39.51%
Operating margin 16.80% 49.09% 25.20%
Net margin (2.82%) 144.32% 5.02%
Free cash flow margin 17.76% 64.11% 2.55%
Return on equity (0.17%) 49.39% 13.37%
Return on assets (0.16%) 42.70% 3.84%
Return on invested capital 0.64% 8.42% 5.28%

Growth

Metric MTA VOXR Other Precious Metals & Mining median
Revenue growth (TTM) 91.12% 209.77% 54.39%
EPS growth (last fiscal year) 16.67% 433.33% —
Revenue growth, 5-year CAGR 37.70% 162.52% 20.68%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MTA VOXR Other Precious Metals & Mining median
Debt to equity 0.05 0.00 0.00
Current ratio 4.50 7.50 5.20
Net debt to EBITDA 1.09 (0.17) 0.28

Dividend

Metric MTA VOXR Other Precious Metals & Mining median
Dividend yield 0.38% 2.38% 1.64%
Payout ratio 0.00 — 0.00

Size

Metric MTA VOXR Other Precious Metals & Mining median
Market cap 962.11m 375.27m 1.03b

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