Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
ORthis companyOR Royalties Inc.	$37.50	31.6×	4.65×	23.57×	26.77×	-104.3%	83.4%	72.9%	74.3%	14.7%	11.4%	3.2%	0.01×	-0.55×	45.2×	4.53×	0.5%	7	14.16	4	A-
ALS.TOAltius Minerals Corporation	CA$53.53	6.33×	2.13×	46.64×	4.24×	-68.2%	69.5%	26.8%	736.7%	33.7%	0.8%	1.4%	0.1×	-0.52×	1.51×	15.11×	0.9%	6	15.18	4	A-
ELE.TOElemental Royalty Corporation	CA$23.43	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EMPR.VEmpress Royalty Corp.	CA$0.90	12.43×	3.38×	5.39×	9.28×	-1590.7%	70.3%	46.1%	43.3%	27.2%	16.3%	4.0%	0.1×	-0.05×	6.96×	4.81×	0.0%	7	9.56	3	B+
MTA.VMetalla Royalty & Streaming Ltd.	CA$11.80	-226.12×	3.89×	81.79×	451.39×	-141.4%	80.9%	-0.5%	-36.1%	-1.7%	-0.0%	-0.1%	0.06×	2.22×	-0.03×	2.41×	0.0%	5	32.71	1	C-
OGN.VOrogen Royalties Inc.	CA$4.21	16.19×	2.41×	5.8×	10.24×	-112.5%	99.4%	50.0%	36.1%	15.0%	13.3%	1.9%	0.01×	-1.21×	0×	19.85×	115.3%	6	89.83	3	B+
Peer median	—	9.38×	2.89×	26.22×	9.76×	-127.0%	75.6%	36.4%	39.7%	21.1%	7.1%	1.6%	0.08×	-0.28×	0.76×	9.96×	0.4%	6	23.94	3	—