Vox Royalty (VOXR) AI Stock Analysis

• Market Cap: $211.14M
• Dividend Yield: 1.67%
• Average Volume (3M): 13.95K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.73
• Revenue Growth: -8.92%
• EPS Growth: -976.19%
• Country: CA
• Employees: 6
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Other Precious Metals
• EPS (TTM): -0.04
• Shares Outstanding: 50,754,140
• 10 Day Avg. Volume: 14,860
• 30 Day Avg. Volume: 13,953
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 12.35
• Price to Cash Flow (P/CF): 272.10
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$8.55
• Price Target Upside: 119.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Vox Royalty's strong revenue growth and strategic developments in gold projects drive a positive outlook. However, high P/E ratio and negative net income warrant caution. The company's solid balance sheet and positive technical indicators contribute to a favorable overall score.

Positive Factors

Analyst Recommendation

Analyst maintains a Buy rating with a $6.00 price target for Vox Royalty Corp., reflecting confidence in the company's valuation and future prospects.

Earnings

Vox Royalty Corp.'s 4Q24 results exceeded forecasts, leading to an increased dividend due to more gold royalty revenue.

Financial Stability

Vox Royalty Corp. ended the fourth quarter with $8.8 million in cash, no debt, and an undrawn $15 million revolving credit facility, indicating strong financial stability.

Negative Factors

Production Issues

3Q24 revenue was below forecast, resulting in a net loss due to a production hurdle at the Otto Bore gold mine.

Revenue

Analyst reduces 2025 estimates for lower revenue from one of VOXR's iron ore royalties.

Vox Royalty Business Overview & Revenue Model

Company Description

Vox Royalty Corp. (VOXR) is a growth-focused precious metals royalty and streaming company listed on the TSX Venture Exchange. The company specializes in acquiring high-quality royalties and streams across diverse commodities, including gold, silver, and base metals. Vox Royalty's core product offering is its portfolio of royalties and streams, which are financial agreements that provide the company with a percentage of the revenue or production from mining operations without being directly involved in the operation of the mines.

How the Company Makes Money

Vox Royalty Corp. generates revenue primarily through its portfolio of royalties and streaming agreements. The company acquires royalties by purchasing the rights to a portion of the future production or revenue from mining projects, typically in exchange for an upfront payment. Vox receives regular payments based on the production output and current market prices of the underlying commodities, such as gold and silver. Additionally, the company benefits from the appreciation of these royalties as the underlying mining assets are developed and begin production. Key partnerships with mining operators and their continued success in exploration and production significantly contribute to Vox Royalty's earnings. The diversification of its portfolio across different commodities and geographies helps mitigate risks and stabilize revenue streams.

Vox Royalty Financial Statement Overview

Summary

Vox Royalty demonstrates strong revenue growth and a solid balance sheet with no debt. Cash flow improvements are notable, although challenges persist with negative net income impacting profitability.

Income Statement

Vox Royalty has shown steady revenue growth over recent years, with a significant growth from $126,227 in 2020 to $11,047,763 in 2024. The company achieved a positive gross profit margin of approximately 71.6% in 2024, indicating strong control over direct costs. However, net profit margin remains negative at -14.9% in 2024, reflecting challenges in achieving net profitability. The EBIT and EBITDA margins have improved over time, but net income has been negative, which weighs down the overall score.

Balance Sheet

Vox Royalty maintains a strong balance sheet with no debt, resulting in a debt-to-equity ratio of 0, which is excellent for financial stability. The equity ratio stands at approximately 83.8% in 2024, highlighting a robust equity base relative to total assets. However, the return on equity (ROE) is negative due to the negative net income, which indicates inefficiencies in generating returns for shareholders.

Cash Flow

The company has improved operating cash flow over the years, with $5,459,150 in 2024, indicating growing operational efficiency. The free cash flow has turned positive in 2024 at $1,765,789, demonstrating better capital management. However, free cash flow to net income and operating cash flow to net income ratios are affected by negative net income, suggesting constraints in translating operating success into net profits.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
11.05M	12.31M	8.51M	3.65M	126.23K
	Gross Profit
7.91M	9.98M	6.66M	2.68M	105.39K
	EBIT
1.09M	1.73M	-814.43K	-3.31M	-6.42M
	EBITDA
4.38M	5.58M	1.21M	-2.16M	-10.54M
	Net Income Common Stockholders
-1.65M	-101.11K	328.18K	-4.13M	-10.31M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
8.75M	9.34M	4.17M	7.22M	3.15M
	Total Assets
51.38M	52.71M	41.81M	27.31M	15.19M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-8.75M	-9.34M	-4.17M	-5.06M	-3.15M
	Total Liabilities
8.32M	7.78M	6.39M	27.31M	1.27M
	Stockholders Equity
43.06M	44.92M	35.41M	20.71M	13.92M
Cash Flow		Free Cash Flow
1.77M	-224.13K	-2.65M	-8.60M	-5.96M
	Operating Cash Flow
5.46M	5.27M	2.05M	768.35K	-1.84M
	Investing Cash Flow
-3.16M	-5.33M	-2.64M	-9.35M	-3.72M
	Financing Cash Flow
-2.87M	5.25M	-395.28K	10.64M	8.84M

Vox Royalty Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VOXR, the sentiment is Positive. The current price of 3.9 is above the 20-day moving average (MA) of 3.86, above the 50-day MA of 3.63, and above the 200-day MA of 3.66, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 64.36 is Neutral, neither overbought nor oversold. The STOCH value of 80.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:VOXR.

Vox Royalty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FNV	74 Outperform	$43.44B	57.39	9.38%	0.92%	-7.22%	―
VOXR	73 Outperform	$211.14M	―	-3.75%	1.67%	-8.92%	-976.19%
SSL	70 Outperform	$3.17B	162.46	1.00%	0.77%	0.80%	137.87%
ALS	69 Neutral	C$1.15B	11.51	19.20%	1.45%	-27.13%	987.10%
OR	56 Neutral	$5.58B	250.50	1.33%	0.89%	1.62%	-232.31%
Sector *	47 Neutral	$2.64B	-3.21	-21.68%	3.30%	4.19%	-30.23%
RGLD	33 Underperform	C$2.49M	―	-15.83%	―	―	-1.20%

Vox Royalty Corporate Events

Vox Royalty Corp. Boosts Revenue with New Gold Mining Operations in Western Australia

Vox Royalty Corp. announced the commencement of gold mining at two royalty-linked sites in Western Australia, which are expected to enhance the company’s revenue in 2025. Catalyst Metals Ltd began production at the Plutonic East mine, while Black Cat Syndicate Limited started mining at the Boundary deposit, both benefiting from high gold prices. These developments align with Vox’s strategy to capitalize on its investments and the favorable market conditions, potentially strengthening its position in the mining royalty industry.

Vox Royalty Corp. Advances Gold Production and Approves Share Repurchase Program

Vox Royalty Corp. announced significant developments in its gold royalty portfolio, including the acquisition of the Lakewood processing plant by Black Cat Syndicate, which is expected to accelerate gold production in Western Australia. Additionally, Orla Mining’s South Railroad Project in Nevada is progressing towards permitting and potential production, while Galway Metals is advancing its Estrades project in Quebec. These updates highlight Vox’s growth potential and strategic positioning in the mining industry, with the approval of a share repurchase program further reinforcing confidence in its financial strategy.

Vox Royalty to Announce Q4 2024 Results

Vox Royalty Corp. announced that it will release its fourth quarter and annual results for 2024 on February 20, 2025. This announcement marks another milestone in the company’s strategic operations to maximize returns on its mining royalty acquisitions, which could impact its market positioning and stakeholder interests.

Vox Royalty Corp Announces Major Developments in Gold and Silver Projects

Vox Royalty Corp has announced significant developments in its gold and silver royalty assets, notably involving a major ownership change for the Bullabulling gold project and an optimization study for the Bowdens silver project. Minerals 260 Limited is set to acquire the Bullabulling project for A$166.5 million and plans to initiate a substantial drilling program, signaling increased activity and potential growth. Additionally, the Bowdens silver project has improved economics with increased mineral reserves, positioning Silver Mines Limited for further progress. The Lynn Lake gold project by Alamos Gold Inc. is advancing with a major capital commitment, aiming for first production by 2028, thus strengthening Vox’s royalty development pipeline.