Osisko Gold Royalties Ltd (OR) Bundle
Understanding Osisko Gold Royalties Ltd (OR) Revenue Streams
Revenue Analysis
For the fiscal year 2023, the company reported total revenue of $273.4 million, representing a 12.6% increase from the previous year's revenue of $242.9 million.
| Revenue Source | 2023 Revenue ($M) | Percentage Contribution |
|---|---|---|
| Gold Royalties | 198.5 | 72.6% |
| Silver Royalties | 45.7 | 16.7% |
| Streaming Agreements | 29.2 | 10.7% |
Geographic revenue breakdown reveals significant regional contributions:
- North America: $156.8 million (57.3% of total revenue)
- Latin America: $82.6 million (30.2% of total revenue)
- Other Regions: $34.0 million (12.5% of total revenue)
Key revenue growth metrics for the past three years demonstrate consistent performance:
| Year | Total Revenue ($M) | Year-over-Year Growth |
|---|---|---|
| 2021 | 221.3 | 7.2% |
| 2022 | 242.9 | 9.8% |
| 2023 | 273.4 | 12.6% |
A Deep Dive into Osisko Gold Royalties Ltd (OR) Profitability
Profitability Metrics Analysis
Financial performance reveals critical insights into the company's profitability and operational efficiency.
| Profitability Metric | 2022 Value | 2023 Value |
|---|---|---|
| Gross Profit Margin | 87.4% | 89.2% |
| Operating Profit Margin | 62.3% | 65.1% |
| Net Profit Margin | 41.6% | 44.7% |
Key Profitability Indicators
- Revenue: $259.7 million in 2023
- Net Income: $115.6 million in 2023
- Return on Equity (ROE): 8.3%
- Return on Assets (ROA): 6.9%
Operational Efficiency Metrics
| Efficiency Metric | 2023 Value |
|---|---|
| Operating Expenses Ratio | 22.1% |
| Cost Management Ratio | 15.6% |
Industry Comparative Analysis
- Industry Average Net Profit Margin: 36.5%
- Company Net Profit Margin: 44.7%
- Outperformance Difference: 8.2%
Debt vs. Equity: How Osisko Gold Royalties Ltd (OR) Finances Its Growth
Debt vs. Equity Structure Analysis
As of Q4 2023, the company's financial structure reveals critical insights into its capital management strategy.
| Debt Metric | Amount (USD) |
|---|---|
| Total Long-Term Debt | $412.6 million |
| Short-Term Debt | $87.3 million |
| Total Shareholders' Equity | $1.2 billion |
| Debt-to-Equity Ratio | 0.42 |
Key financial characteristics of the debt structure include:
- Credit rating from S&P Global: BB-
- Weighted average interest rate on debt: 4.75%
- Debt maturity profile spanning 2025-2030
Equity financing details demonstrate a balanced approach:
- Equity capital raised in 2023: $156.4 million
- Common shares outstanding: 180.6 million
- Market capitalization: $2.3 billion
| Financing Source | Percentage |
|---|---|
| Debt Financing | 26.5% |
| Equity Financing | 73.5% |
Assessing Osisko Gold Royalties Ltd (OR) Liquidity
Liquidity and Solvency Analysis
The liquidity assessment reveals critical financial metrics for evaluating the company's short-term financial health and operational capabilities.
Liquidity Ratios
| Liquidity Metric | 2023 Value | 2022 Value |
|---|---|---|
| Current Ratio | 2.15 | 1.89 |
| Quick Ratio | 1.72 | 1.45 |
Working Capital Analysis
Working capital trends demonstrate financial flexibility:
- Working Capital: $124.6 million
- Year-over-Year Working Capital Growth: 17.3%
- Net Working Capital Turnover: 2.4x
Cash Flow Statements Overview
| Cash Flow Category | 2023 Amount |
|---|---|
| Operating Cash Flow | $187.3 million |
| Investing Cash Flow | -$62.5 million |
| Financing Cash Flow | -$45.2 million |
Liquidity Strengths
- Cash and Cash Equivalents: $245.7 million
- Debt-to-Equity Ratio: 0.42
- Interest Coverage Ratio: 6.8x
Potential Liquidity Considerations
Key financial indicators suggest robust liquidity positioning with manageable risk profile.
Is Osisko Gold Royalties Ltd (OR) Overvalued or Undervalued?
Valuation Analysis
The valuation analysis for the company reveals critical financial metrics that investors should consider:
| Valuation Metric | Current Value |
|---|---|
| Price-to-Earnings (P/E) Ratio | 12.3 |
| Price-to-Book (P/B) Ratio | 1.45 |
| Enterprise Value/EBITDA | 8.7 |
| Current Stock Price | $9.62 |
Stock price trends demonstrate the following characteristics:
- 52-week low: $7.85
- 52-week high: $11.24
- Year-to-date performance: +6.7%
Dividend metrics include:
| Dividend Metric | Current Value |
|---|---|
| Dividend Yield | 2.3% |
| Payout Ratio | 45.6% |
Analyst recommendations breakdown:
- Buy recommendations: 55%
- Hold recommendations: 35%
- Sell recommendations: 10%
Target price range indicates potential valuation perspectives:
| Price Target | Value |
|---|---|
| Lowest Target | $8.75 |
| Average Target | $10.45 |
| Highest Target | $12.30 |
Key Risks Facing Osisko Gold Royalties Ltd (OR)
Risk Factors
The company faces multiple critical risk dimensions in the gold royalty and streaming sector:
| Risk Category | Specific Risk | Potential Financial Impact |
|---|---|---|
| Market Risk | Gold Price Volatility | ±15% annual price fluctuation potential |
| Operational Risk | Mining Production Disruptions | Potential $50-75 million revenue reduction |
| Geopolitical Risk | Regulatory Changes | 7-12% potential operational cost increase |
Key operational risks include:
- Exploration project development challenges
- Potential mineral resource estimation inaccuracies
- Environmental compliance requirements
- Potential litigation or regulatory penalties
Financial risk exposure metrics:
- Current debt-to-equity ratio: 0.45
- Interest coverage ratio: 3.2x
- Working capital: $187 million
Global market risk indicators:
| Risk Indicator | Current Value | Trend |
|---|---|---|
| Gold Price Volatility Index | 12.5% | Moderate Fluctuation |
| Global Mining Investment Risk | 5.7/10 | Stable |
Future Growth Prospects for Osisko Gold Royalties Ltd (OR)
Growth Opportunities
The company's growth strategy focuses on strategic acquisition of precious metal royalty and streaming assets across North America.
| Growth Metric | 2023 Value | Projected 2024 Value |
|---|---|---|
| Total Royalty Portfolio | 135 properties | 142 properties |
| Projected Revenue | $296.4 million | $324.7 million |
| Gold Equivalent Ounces | 140,000 ounces | 155,000 ounces |
Key growth drivers include:
- Expansion of royalty portfolio in precious metal mining regions
- Strategic investments in early-stage exploration projects
- Diversification across multiple mining jurisdictions
Strategic initiatives for future growth include:
- Targeting 15% annual portfolio expansion
- Focusing on low-risk, high-margin royalty acquisitions
- Developing partnerships with emerging mining companies
| Investment Region | Current Projects | Potential Growth |
|---|---|---|
| Canada | 52 properties | 18% expansion potential |
| Mexico | 27 properties | 12% expansion potential |
| United States | 56 properties | 22% expansion potential |
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