Altius Minerals Corporation (ALS.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-68.2%

CA$15.86

vs CA$49.92 price

Levered DCF

CA$13.27

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

15.18

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	6.33×	12.27×	92.2×	27.09×	17.95×	-21.73×	29.17×	240.76×
P/B	2.13×	2.21×	1.79×	2.09×	1.66×	1.57×	1.33×	1.26×
P/S	46.64×	33.28×	12.7×	9.98×	8.83×	9.49×	8.35×	9.48×
EV / EBITDA	4.24×	11.09×	21.13×	12.71×	9.84×	95.97×	13.52×	19.28×
Gross margin	69.5%	67.0%	69.1%	70.4%	64.6%	61.7%	65.4%	59.1%
Operating margin	26.8%	21.1%	45.2%	56.6%	49.8%	39.7%	46.2%	37.5%
Net margin	736.7%	270.3%	13.8%	36.7%	49.0%	-44.7%	28.5%	2.6%
Current ratio	15.11×	1.88×	11.23×	5.29×	5.85×	1.13×	1.41×	1.43×
Debt / equity	0.1×	0.18×	0.23×	0.25×	0.27×	0.37×	0.28×	0.3×
Interest coverage	1.51×	0.83×	3.36×	8.23×	5.96×	2.96×	3.48×	2.32×
Dividend yield	0.9%	1.2%	1.6%	1.6%	2.0%	2.3%	2.6%	2.5%
Payout ratio	5.4%	14.7%	149.9%	44.0%	35.6%	-48.0%	75.1%	933.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	33.7%	18.0%	2.0%	7.7%	9.2%	-7.4%	4.5%	0.3%
Return on invested capital	0.8%	1.1%	2.7%	5.7%	4.9%	4.1%	4.5%	1.1%
Return on assets	29.0%	14.1%	1.2%	4.8%	5.5%	-4.6%	3.1%	0.2%
Free cash flow yield	1.4%	2.0%	4.0%	7.1%	6.5%	6.0%	2.2%	1.6%
Earnings yield	15.8%	8.1%	1.1%	3.7%	5.5%	-4.7%	3.4%	0.3%
Enterprise value	CA$1.7B	CA$1.3B	CA$857.4M	CA$1.1B	CA$736.8M	CA$681.2M	CA$597.1M	CA$551.1M
Net debt / EBITDA	-0.52×	0.7×	-0.45×	0.46×	0.2×	15.66×	1.94×	2.95×
Cash conversion cycle (days)	130	-19	5	10	-10	-25	-16	-29