VMET

Versamet Royalties

Fundamental data last updated:April 13, 2026

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company profile

SECTOR

Basic Materials

industry

Other Precious Metals & Mining

Exchange

Nasdaq

County of HQ

Canada

Next Earnings Date

06/11/26

Business Summary

Versamet Royalties operates as a mining royalty company, providing capital to resource projects in exchange for long-term royalty interests on production. This structure allows it to generate cash flow from top-line production exposure without directly operating mines, limiting operational risk and sustaining capital burdens. Its moat stems from contractually embedded royalty agreements that persist across commodity cycles and benefit from exploration upside without proportional reinvestment. Cash generation scales with production volumes and commodity prices, giving it asymmetric upside in bull markets while maintaining relatively fixed cost exposure.

 


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VALUATION

P/E

57.1

Market Cap ($M USD)

$1,256

Forward P/E

-

PEG

-

PRICE TO SALES

32.9

PRICE TO BOOK

5.4

EV / EBITDA

29.5

5-Year Average P/E

Free Cash Flow Yield

DCF Value

Graham Number

Price to FCF

EV to FCF

Earnings Yield

FCF Yield

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

$0.22

Next Year EPS Growth Estimate

-

Next Year Revenue Growth Estimate

24.30%

Return on Equity (ROE)

8.70%

FREE CASH FLOW

Operating Margin

16.80%

Debt-to-Equity

0.7

Piotroski F-Score

-

Altman Z-Score

4.2

Return on Invested Capital (ROIC)

9.10%

Current Ratio

0.7

Quick Ratio

Net Debt to EBITDA

Interest Coverage

Gross Profit margin

FCF PER SHARE

REVENUE PER SHARE

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Gainseekers Quantitative Analysis

Summary

At 57.1x earnings and 32.9x sales, this is not a deep value situation—it’s a richly priced royalty vehicle with modest operating economics. The absence of a Forward P/E and PEG strips investors of forward visibility, while EPS Next Year of $0.22 versus current EPS of 29.5 introduces a jarring earnings profile that demands scrutiny. Financially, the balance sheet is not distressed—an Altman Z-Score of 4.2 signals low bankruptcy risk and Debt/Equity of 16.80% is manageable—but a 0.7 current ratio highlights near-term liquidity tightness. This is not obviously mispriced; it’s priced for durability and optionality, not for near-term growth acceleration.

AI Exposure / Tech Reliance

As a company in Other Precious Metals & Mining, its exposure to AI is indirect but real: AI infrastructure, electrification, and advanced computing increase long-term demand for critical and precious metals. Royalty-style exposure (if applicable to its model) offers capital-light leverage to rising commodity intensity in technology buildouts. However, it does not sit at the innovation layer—it monetizes resource extraction rather than technological IP.

The Bull Case

A GARP investor could justify ownership based on capital efficiency and balance sheet resilience. A 24.30% Return on Equity paired with 9.10% ROIC indicates the company extracts solid profitability from its asset base, even with an 8.70% operating margin in a cyclical industry. The 16.80% Debt/Equity ratio provides room to navigate commodity cycles without excessive financial risk, and the Altman Z-Score of 4.2 reinforces solvency strength. With a $1,256M market cap and institutional ownership reported at $12.99, there is room for incremental capital sponsorship if execution improves.

The Bear Case

The valuation is the central red flag: 57.1x earnings and 32.9x sales are extreme for a basic materials name with an 8.70% operating margin. The lack of Forward P/E and PEG Forward metrics eliminates visibility into growth justification, while EPS Next Year of $0.22 introduces uncertainty around earnings durability. A current ratio of 0.7 suggests short-term liquidity pressure, and a TTM yield of just 0.7 with no listed dividend per share provides little income cushion. Consensus Rating at 0.10% and a Mean Consensus Target Price of 1.58 imply limited external conviction or unclear analyst coverage dynamics.

Market Sentiment & Smart Money

Short Interest %

0.10%

Analyst Consensus

1.58

Average Analyst Price Target

$12.99

Institutional Ownership %

0.30%

1-Year Beta

0.16

Insider Buying % (6 Mo)

68.20%%

Distance to 52-Week High

95.80%

Distance to 52-Week Low

183.90%

EARNINGS SURPRISE %

50-DAY SMA

200-DAY SMA

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.