Perpetua Resources Corp. (PPTA) vs Versamet Royalties Corporation (VMET)

Perpetua Resources Corp. and Versamet Royalties Corporation are both Other Precious Metals & Mining companies. Perpetua Resources Corp. is the larger, with a market value of $2.1B against $971.9M — 2.2× the size. Perpetua Resources Corp. has negative trailing earnings, so its P/E is not meaningful; Versamet Royalties Corporation trades at 23.0×. Versamet Royalties Corporation has the higher net margin (49.9% vs 0.00%) and the higher return on invested capital (5.49% vs −111.4%). Across the 14 metrics below, Versamet Royalties Corporation leads on 12 and Perpetua Resources Corp. on 2.

Valuation

Metric PPTA VMET Other Precious Metals & Mining median
P/E n/m 23.03 14.87
P/S n/m 13.05 6.67
P/B 2.93 2.45 2.34
Price to free cash flow n/m 19.49 35.79
EV/EBITDA n/m 16.66 10.70
EV/Sales n/m 17.93 5.61
Earnings yield (11.98%) 4.34% 4.15%
Free cash flow yield (10.11%) 5.13% 0.38%

Profitability

Metric PPTA VMET Other Precious Metals & Mining median
Gross margin 0.00% 54.74% 46.03%
Operating margin 0.00% 89.51% 21.00%
Net margin 0.00% 49.92% 8.13%
Free cash flow margin 0.00% 66.95% 1.08%
Return on equity (37.79%) 12.17% 8.66%
Return on assets (35.98%) 7.00% 5.12%
Return on invested capital (111.37%) 5.49% 0.32%

Growth

Metric PPTA VMET Other Precious Metals & Mining median
Revenue growth (TTM) — 404.44% 47.73%
EPS growth (last fiscal year) (390.91%) 754.21% 90.00%
Revenue growth, 5-year CAGR — — 23.71%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric PPTA VMET Other Precious Metals & Mining median
Debt to equity 0.00 0.95 0.00
Current ratio 12.34 0.71 5.58
Net debt to EBITDA 5.59 3.72 0.52

Dividend

Metric PPTA VMET Other Precious Metals & Mining median
Dividend yield — — 1.17%
Payout ratio — — —

Size

Metric PPTA VMET Other Precious Metals & Mining median
Market cap 2.10b 971.85m 860.59m

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