Metalla Royalty & Streaming Ltd. (MTA) 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

-145.3%

-$3.36

vs $7.42 price

Levered DCF

-$2.24

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

34.8

Safe zone

Rating

C-

Overall 1 / 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	-166.6×	-41.83×	-28×	-19.64×	-28.88×	-54.61×	-59.84×	-62.29×
P/B	2.86×	0.91×	0.67×	1.86×	2.93×	6.4×	6.28×	2.57×
P/S	61.31×	39.05×	37.02×	91.14×	99.34×	200.83×	102.53×	14.33×
EV / EBITDA	2,569.8×	-248.03×	-199.12×	-51.91×	-45.95×	-90.5×	-86.39×	121.15×
Gross margin	80.9%	57.3%	48.0%	25.1%	21.0%	33.4%	36.5%	61.8%
Operating margin	-0.5%	-76.1%	-108.4%	-255.3%	-301.2%	-287.5%	-138.3%	-18.5%
Net margin	-36.1%	-93.1%	-127.0%	-452.8%	-351.1%	-362.4%	-169.7%	-31.1%
Current ratio	2.41×	0.93×	0.86×	1.46×	5.99×	5.82×	2.83×	0.88×
Debt / equity	0.05×	0.05×	0.11×	0.09×	0.1×	0.04×	0.07×	0.06×
Interest coverage	-0.04×	-2.26×	-4.26×	-4.78×	-10.93×	-6.15×	-5.81×	-4.01×
Dividend yield	0.0%	0.0%	0.7%	0.0%	0.0%	0.3%	0.4%	1.6%
Payout ratio	0.0%	0.0%	-20.5%	0.0%	0.0%	-15.7%	-26.5%	-74.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-1.7%	-2.2%	-2.3%	-9.2%	-10.4%	-11.6%	-10.4%	-5.6%
Return on invested capital	-0.0%	-1.7%	-1.9%	-4.8%	-8.0%	-8.7%	-7.4%	-3.2%
Return on assets	-1.6%	-2.0%	-2.1%	-8.3%	-9.3%	-10.8%	-9.3%	-5.2%
Free cash flow yield	0.3%	-2.1%	-4.9%	-0.7%	-12.3%	-1.7%	-1.6%	-7.3%
Earnings yield	-0.6%	-2.4%	-3.4%	-5.0%	-3.5%	-1.8%	-1.7%	-2.2%
Enterprise value	$722.1M	$232.7M	$182.6M	$226M	$303.2M	$472.5M	$283.8M	$112M
Net debt / EBITDA	8.48×	-3.17×	-13.64×	-1.39×	-1.24×	0.43×	0.02×	-0.65×
Cash conversion cycle (days)	-510	-13	-553	422	333	-85	-186	-131