# Versamet Royalties Corporation (VMET.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Basic Materials / Mining & Metals. Price C$12.04, market value C$1.3 billion.

## Valuation
- **P/E (trailing): 25.1×** (5-yr avg 61.0×, 3-yr avg 61.0×). Versamet Royalties Corporation trades at 25.1× trailing earnings, well below its own five-year average of 61.0×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 26.6×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.03**. A PEG of 0.03 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 17.7×**. Each dollar of revenue is priced at 17.7×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 2.4×**. The shares trade at 2.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 18.5×**. Enterprise value is 18.5× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.5%** (5-yr avg 1.4%). Free cash flow equals 6.5% of the market value, above its five-year average of 1.4%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.0%**. The inverse of the P/E: 4.0% of the price is earned each year.

## Profitability
- **Gross margin: 54.7%**. Versamet Royalties Corporation keeps 54.7% of revenue after the direct cost of what it sells.
- **Operating margin: 39.1%**. 39.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 58.5%**. 58.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.7%**. 8.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 5.1%**. Return on all capital, debt included, is 5.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 8.9%**. Each dollar of assets produces 8.9% of profit.

## Growth
- **Revenue growth (1 yr): 189.1%**. Revenue grew 189.1% over the last year.
- **EPS growth (1 yr): 896.4%**. Earnings per share rose 896.4%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.73**. Debt is 0.73 times equity, moderate leverage.
- **Net debt / EBITDA: 2.1×**. It would take 2.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 2.1×**. Operating profit covers interest 2.1×, thin but manageable.
- **Current ratio: 0.74** (quick 0.74). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 4.97**. A Z-score of 4.97 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Versamet Royalties Corporation does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (6 analysts). 6 analysts cover Versamet Royalties Corporation; the consensus is strong_buy, with an average price target of C$19.34 (+61% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **From 52-week high: -36.8%** (7.6% above the low). Trading 37% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 1.87** (volatility 62%). Beta of 1.87 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=VMET.TO · Page: https://foliofundamentals.com/stocks/vmet.to

Not investment advice.