OR Royalties Inc. (OR) - Net Assets
Based on the latest financial reports, OR Royalties Inc. (OR) has net assets worth CA$1.48 Billion CAD (≈ $1.07 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.86 Billion ≈ $1.34 Billion USD) and total liabilities (CA$371.92 Million ≈ $269.04 Million USD). 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. See OR Royalties Inc. (OR) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.48 Billion |
| % of Total Assets | 79.96% |
| Annual Growth Rate | -1.58% |
| 5-Year Change | 2.4% |
| 10-Year Change | 17.72% |
| Growth Volatility | 63.21 |
OR Royalties Inc. - Net Assets Trend (2013–2025)
This chart illustrates how OR Royalties Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore OR net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Net Assets for OR Royalties Inc. (2013–2025)
The table below shows the annual net assets of OR Royalties Inc. from 2013 to 2025. For live market cap and overall valuation, see OR company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$1.43 Billion ≈ $1.03 Billion |
+20.30% |
| 2024-12-31 | CA$1.19 Billion ≈ $859.56 Million |
-4.38% |
| 2023-12-31 | CA$1.24 Billion ≈ $898.95 Million |
-4.02% |
| 2022-12-31 | CA$1.29 Billion ≈ $936.56 Million |
-7.25% |
| 2021-12-31 | CA$1.40 Billion ≈ $1.01 Billion |
-3.20% |
| 2020-12-31 | CA$1.44 Billion ≈ $1.04 Billion |
-3.43% |
| 2019-12-31 | CA$1.49 Billion ≈ $1.08 Billion |
-15.70% |
| 2018-12-31 | CA$1.77 Billion ≈ $1.28 Billion |
-6.48% |
| 2017-12-31 | CA$1.89 Billion ≈ $1.37 Billion |
+56.01% |
| 2016-12-31 | CA$1.21 Billion ≈ $878.41 Million |
+79.50% |
| 2015-12-31 | CA$676.50 Million ≈ $489.37 Million |
+184.09% |
| 2014-12-31 | CA$238.13 Million ≈ $172.26 Million |
-86.24% |
| 2013-12-31 | CA$1.73 Billion ≈ $1.25 Billion |
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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 grown by 16428167700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$1.69 Billion | 117.88% |
| Other Comprehensive Income | CA$-51.69 Million | -3.62% |
| Other Components | CA$65.75 Million | 4.60% |
| Total Equity | CA$1.43 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 |
|---|---|
|
Gaztransport & Technigaz SAS
PA:GTT
|
$6.74 Billion |
|
Fibra UNO
MX:FUNO11
|
$6.75 Billion |
|
NINGBO SHANSHAN GDR/A
F:OJ8
|
$6.75 Billion |
|
Dosilicon Co Ltd
SHG:688110
|
$6.76 Billion |
|
Guanghui Energy Co Ltd
SHG:600256
|
$6.73 Billion |
|
Arcellx Inc
NASDAQ:ACLX
|
$6.73 Billion |
|
Anji Microelectronics Tech Co Ltd
SHG:688019
|
$6.73 Billion |
|
STAG Industrial Inc
NYSE:STAG
|
$6.72 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 2024 to 2025, total equity changed from 1,188,245,786 to 1,429,434,899, a change of 241,189,113 (20.3%).
- Net income of 209,695,679 contributed positively to equity growth.
- Dividend payments of 35,471,259 reduced retained earnings.
- Share repurchases of 37,314,980 reduced equity.
- Other comprehensive income increased equity by 90,070,861.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$209.70 Million | +14.67% |
| Dividends Paid | CA$35.47 Million | -2.48% |
| Share Repurchases | CA$37.31 Million | -2.61% |
| Other Comprehensive Income | CA$90.07 Million | +6.3% |
| Other Changes | CA$14.21 Million | +0.99% |
| Total Change | CA$- | 20.30% |
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: 6.57x
- 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 1.37x to 6.57x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CA$36.14 | CA$49.67 | x |
| 2014-12-31 | CA$5.18 | CA$49.67 | x |
| 2015-12-31 | CA$7.60 | CA$49.67 | x |
| 2016-12-31 | CA$11.57 | CA$49.67 | x |
| 2017-12-31 | CA$14.81 | CA$49.67 | x |
| 2018-12-31 | CA$11.31 | CA$49.67 | x |
| 2019-12-31 | CA$9.87 | CA$49.67 | x |
| 2020-12-31 | CA$8.34 | CA$49.67 | x |
| 2021-12-31 | CA$7.65 | CA$49.67 | x |
| 2022-12-31 | CA$7.18 | CA$49.67 | x |
| 2023-12-31 | CA$6.71 | CA$49.67 | x |
| 2024-12-31 | CA$6.33 | CA$49.67 | x |
| 2025-12-31 | CA$7.56 | CA$49.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently OR Royalties Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.67%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 74.30%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.10x
- Recent ROE (14.67%) is below the historical average (48.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -1.64% | 0.00% | 0.00x | 1.28x | CA$-201.56 Million |
| 2014 | 635.64% | 9739.61% | 0.06x | 1.03x | CA$1.49 Billion |
| 2015 | 3.07% | 63.30% | 0.04x | 1.16x | CA$-46.80 Million |
| 2016 | 2.57% | 67.19% | 0.03x | 1.17x | CA$-90.09 Million |
| 2017 | -1.76% | -19.93% | 0.07x | 1.33x | CA$-222.86 Million |
| 2018 | -4.72% | -21.53% | 0.17x | 1.26x | CA$-260.73 Million |
| 2019 | -11.78% | -59.65% | 0.15x | 1.30x | CA$-325.24 Million |
| 2020 | 0.98% | 7.90% | 0.09x | 1.42x | CA$-122.17 Million |
| 2021 | -1.44% | -10.47% | 0.09x | 1.48x | CA$-146.66 Million |
| 2022 | -6.84% | -54.52% | 0.11x | 1.18x | CA$-217.97 Million |
| 2023 | -3.00% | -20.43% | 0.12x | 1.22x | CA$-161.61 Million |
| 2024 | 0.95% | 8.51% | 0.10x | 1.17x | CA$-107.53 Million |
| 2025 | 14.67% | 74.30% | 0.18x | 1.10x | CA$66.75 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: $516,912,278
- Average return on equity (ROE) among peers: -18.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| OR Royalties Inc. (OR) | CA$1.48 Billion | -1.64% | 0.25x | $6.74 Billion |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $2.66 Billion |
| Abcourt Mines Inc. (ABI) | $542.08K | -7.78% | 0.16x | $56.11 Million |
| Barrick Gold Corp (ABX) | $-1.58 Billion | 0.00% | 0.00x | $69.69 Billion |
| American Eagle Gold Corp (AE) | $26.36 Million | -47.09% | 0.05x | $155.65 Million |
| Agnico Eagle Mines Limited (AEM) | $4.55 Billion | -7.18% | 0.73x | $98.84 Billion |
| Alamos Gold Inc (AGI) | $1.72 Billion | -29.52% | 0.43x | $14.25 Billion |
| AIS Resources Ltd (AIS) | $479.48K | -11.79% | 0.06x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-1.94 Million | 0.00% | 0.00x | $2.21 Million |
| Altamira Gold Corp (ALTA) | $1.70 Million | -35.22% | 0.08x | $47.47 Million |
| Almaden Minerals Ltd (AMM) | $27.97 Million | -15.26% | 0.03x | $24.82 Million |
About 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