Elemental Royalty Corporation (ELE) 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

-339.9%

-$34.97

vs $14.58 price

Levered DCF

-$41.48

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

5.29

Safe zone

Rating

Overall 2 / 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	282.36×	-868.82×	-70.33×	-8.84×	-20.8×	-16.78×	-0.15×	-0.11×
P/B	0.65×	1.54×	1.79×	1.06×	1.95×	1.73×	-0.29×	0.26×
P/S	11.66×	18.49×	23.5×	16.08×	14.84×	8.64×	0.21×	0.15×
EV / EBITDA	19.73×	29.25×	37.47×	-19.92×	45.73×	18.55×	-0.67×	-0.39×
Gross margin	62.6%	55.8%	41.2%	43.9%	56.4%	67.0%	-11.3%	18.9%
Operating margin	16.8%	2.0%	-27.2%	-35.0%	-4.8%	34.0%	-66.4%	-100.1%
Net margin	4.1%	-2.2%	-33.2%	-188.9%	-71.5%	-51.4%	-144.4%	-131.5%
Current ratio	6.58×	6.3×	9.42×	5.44×	5.32×	10.69×	0.6×	0.32×
Debt / equity	0×	0.01×	0.19×	0.21×	0.48×	0×	-0.9×	0.89×
Interest coverage	15.11×	0.17×	-1.18×	-0.82×	-0.11×	1.2×	-5.56×	-5.4×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.2%	-0.2%	-2.5%	-12.4%	-9.4%	-10.3%	194.8%	-226.9%
Return on invested capital	0.2%	-0.0%	-1.7%	-1.9%	-0.4%	6.8%	914.2%	-85.7%
Return on assets	0.2%	-0.2%	-2.1%	-9.8%	-6.2%	-9.9%	-130.2%	-62.5%
Free cash flow yield	-7.4%	1.2%	1.3%	-8.2%	-1.4%	-21.7%	-177.9%	-602.0%
Earnings yield	0.3%	-0.1%	-1.4%	-11.7%	-4.8%	-5.9%	-678.9%	-878.1%
Enterprise value	$456M	$300M	$294.6M	$167.6M	$116.4M	$35.7M	$1.4M	$750.9K
Net debt / EBITDA	-2.28×	-0.17×	2.37×	-1.49×	7.19×	-5.68×	-0.51×	-0.25×
Cash conversion cycle (days)	161	329	215	31	-65	-158	-137	-17