OR Royalties Inc.
OR Royalties Inc. acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Ca… Read more
OR Royalties Inc. (OM40) - Net Assets
Latest net assets as of September 2025: €1.40 Billion EUR
Based on the latest financial reports, OR Royalties Inc. (OM40) has net assets worth €1.40 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.52 Billion) and total liabilities (€120.56 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.40 Billion |
| % of Total Assets | 92.05% |
| Annual Growth Rate | -5.21% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.24 |
OR Royalties Inc. - Net Assets Trend (2021–2024)
This chart illustrates how OR Royalties Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for OR Royalties Inc. (2021–2024)
The table below shows the annual net assets of OR Royalties Inc. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.19 Billion | -4.73% |
| 2023-12-31 | €1.25 Billion | -2.70% |
| 2022-12-31 | €1.28 Billion | -8.13% |
| 2021-12-31 | €1.40 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to OR Royalties Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 18672275671.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €1.60 Billion | 134.38% |
| Total Equity | €1.19 Billion | 100.00% |
OR Royalties Inc. Competitors by Market Cap
The table below lists competitors of OR Royalties Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CarMax Inc
NYSE:KMX
|
$5.88 Billion |
|
The Hershey Company
SA:HSHY34
|
$5.88 Billion |
|
Sanlam Limited
PINK:SLMAF
|
$5.89 Billion |
|
Southwest Gas Holdings Inc
NYSE:SWX
|
$5.89 Billion |
|
Planet Fitness Inc
NYSE:PLNT
|
$5.87 Billion |
|
Sanan Optoelectronics Co Ltd
SHG:600703
|
$5.86 Billion |
|
Guangdong Haid Group Co Ltd
SHE:002311
|
$5.86 Billion |
|
Whitbread plc
PINK:WTBCF
|
$5.85 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in OR Royalties Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,247,931,000 to 1,188,953,000, a change of -58,978,000 (-4.7%).
- Net income of 16,267,000 contributed positively to equity growth.
- Dividend payments of 30,650,000 reduced retained earnings.
- Share repurchases of 428,000 reduced equity.
- Other factors decreased equity by 44,167,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €16.27 Million | +1.37% |
| Dividends Paid | €30.65 Million | -2.58% |
| Share Repurchases | €428.00K | -0.04% |
| Other Changes | €-44.17 Million | -3.71% |
| Total Change | €- | -4.73% |
Book Value vs Market Value Analysis
This analysis compares OR Royalties Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.50x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 4.55x to 5.50x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €7.70 | €35.00 | x |
| 2022-12-31 | €6.97 | €35.00 | x |
| 2023-12-31 | €6.73 | €35.00 | x |
| 2024-12-31 | €6.37 | €35.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently OR Royalties Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.51%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.16x
- Recent ROE (1.37%) is above the historical average (-2.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -1.44% | -10.47% | 0.09x | 1.45x | €-146.68 Million |
| 2022 | -6.82% | -54.52% | 0.11x | 1.15x | €-215.76 Million |
| 2023 | -3.00% | -20.43% | 0.12x | 1.19x | €-162.22 Million |
| 2024 | 1.37% | 8.51% | 0.14x | 1.16x | €-102.63 Million |
Industry Comparison
This section compares OR Royalties Inc.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $8,309,210
- Average return on equity (ROE) among peers: -178.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| OR Royalties Inc. (OM40) | €1.40 Billion | -1.44% | 0.09x | $5.88 Billion |
| Pearl Gold AG (02P) | $0.00 | 0.00% | 0.00x | $9.03 Million |
| McLaren Resources Inc (3ML) | $-158.77K | 0.00% | 0.00x | $4.27 Million |
| 4LE (4LE) | $5.75 Million | -136.00% | 0.03x | $2.28 Million |
| 5EV0 (5EV0) | $68.11 Million | 3.81% | 0.02x | $97.49 Million |
| ARMISTICE RESOURCES (7AZ) | $1.51 Million | -595.90% | 11.21x | $8.70 Million |
| Bulletin Resources Limited (7BR) | $2.14 Million | -87.64% | 0.10x | $5.43 Million |
| Canadian Gold Corp. (8S8) | $1.71 Million | -40.35% | 0.91x | $53.11 Million |
| Earthwise Minerals Corp. (966) | $1.31 Million | -229.88% | 0.24x | $604.28K |
| Platinex Inc (9PX) | $2.71 Million | -52.54% | 0.29x | $13.58 Million |
| ARCUS DEVELOPMENT (AJR) | $8.31K | -643.10% | 0.29x | $1.63 Million |