Empress Royalty Corp. (EMPR.V) 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

-1590.7%

-CA$12.97

vs CA$0.87 price

Levered DCF

-CA$21.09

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

9.56

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	12.43×	27.88×	-8.68×	-9.31×	-6.85×
P/B	3.38×	1.62×	1.63×	1.87×	1.26×
P/S	5.39×	3.54×	7.22×	17.22×	129.56×
EV / EBITDA	9.28×	7.47×	-68.58×	-27.25×	-7.43×
Gross margin	70.3%	65.2%	56.3%	68.8%	35.9%
Operating margin	46.1%	32.4%	-28.4%	-108.5%	-1773.7%
Net margin	43.3%	12.6%	-83.3%	-179.7%	-1890.1%
Current ratio	4.81×	0.89×	1.14×	0.28×	1.7×
Debt / equity	0.1×	0.29×	0.19×	0.19×	0.18×
Interest coverage	6.96×	1.84×	-0.74×	-1.41×	-139.78×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	27.2%	5.8%	-18.8%	-19.5%	-18.4%
Return on invested capital	16.3%	8.6%	-5.4%	-9.9%	-14.6%
Return on assets	21.4%	4.3%	-15.4%	-16.3%	-15.2%
Free cash flow yield	4.0%	-5.1%	0.8%	-6.0%	-98.1%
Earnings yield	8.0%	3.6%	-11.5%	-10.4%	-14.6%
Enterprise value	CA$93.6M	CA$32.6M	CA$27.2M	CA$33.9M	CA$28.9M
Net debt / EBITDA	-0.05×	0.97×	-4.47×	-1.98×	-0.36×
Cash conversion cycle (days)	31	19	-25	-4	-739