Solaris Resources Inc. (SLSR) vs Versamet Royalties Corporation (VMET)

Solaris Resources Inc. and Versamet Royalties Corporation are both Other Precious Metals & Mining companies. Solaris Resources Inc. is the larger, with a market value of $1.2B against $971.9M — 1.2× the size. Solaris Resources Inc. 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 0.00%). Across the 13 metrics below, Versamet Royalties Corporation leads on 9 and Solaris Resources Inc. on 4.

Valuation

Metric SLSR VMET Other Precious Metals & Mining median
P/E n/m 23.03 14.87
P/S n/m 13.05 6.67
P/B n/m 2.45 2.34
Price to free cash flow 195.36 19.49 35.79
EV/EBITDA n/m 16.66 10.70
EV/Sales n/m 17.93 5.61
Earnings yield (2.55%) 4.34% 4.15%
Free cash flow yield 0.51% 5.13% 0.38%

Profitability

Metric SLSR VMET Other Precious Metals & Mining median
Gross margin — 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 75.94% 12.17% 8.66%
Return on assets (34.04%) 7.00% 5.12%
Return on invested capital 0.00% 5.49% 0.32%

Growth

Metric SLSR VMET Other Precious Metals & Mining median
Revenue growth (TTM) — 404.44% 47.73%
EPS growth (last fiscal year) 46.94% 754.21% 90.00%
Revenue growth, 5-year CAGR — — 23.71%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric SLSR VMET Other Precious Metals & Mining median
Debt to equity (0.01) 0.95 0.00
Current ratio 8.42 0.71 5.58
Net debt to EBITDA 0.66 3.72 0.52

Dividend

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

Size

Metric SLSR VMET Other Precious Metals & Mining median
Market cap 1.17b 971.85m 860.59m

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