Vox Royalty (VOXR) AI Stock Analysis

• Market Cap: C$477.88M
• Dividend Yield: 0.97%
• Average Volume (3M): 17.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.25
• Revenue Growth: 11.95%
• EPS Growth: -44.15%
• Country: CA
• Employees: 6
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): 0.00
• Shares Outstanding: 68,268,920
• 10 Day Avg. Volume: 23,043
• 30 Day Avg. Volume: 17,240
• PEG Ratio: -0.05
• Price to Book (P/B): 2.75
• Price to Sales (P/S): 10.72
• P/FCF Ratio: 67.05
• 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$7.64
• Price Target Upside: 9.14% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.19
• Revenue Forecast (FY): C$45.21M

• Rating: 61 Neutral
• Price Target: C$7.00 ▲(0.00% Upside)

The score is driven primarily by solid operating margins and a low-leverage balance sheet, offset by continued net losses and a meaningful swing to negative free cash flow. Technicals are mixed (near-term softness but longer-term support), valuation is pressured by the negative P/E, and recent positive corporate actions provide a moderate tailwind.

Vox Royalty Business Overview & Revenue Model

Company Description

Vox Royalty Corp. operates as a mining royalty and streaming company. The company holds a portfolio of 60 royalties and streaming assets. It operates in Australia, Canada, Peru, Brazil, South Africa, Mexico, and the United States. Vox Royalty Corp. was founded in 2014 and is based in Toronto, Canada.

How the Company Makes Money

Vox Royalty makes money by acquiring royalties and streams from mining operations. A royalty is a financial interest in a mining project, entitling Vox to a percentage of the revenue or metals produced from the mine, without bearing the costs associated with the actual mining operations. This allows Vox to benefit from the production and sale of minerals while minimizing operational risks. The company's revenue streams are primarily derived from these royalties, which are tied to the production output and sales of commodities such as gold, silver, and other metals. Additionally, Vox engages in strategic partnerships and acquisitions to expand its portfolio and enhance revenue opportunities. The diversification of royalties across various commodities and geographic locations also serves to mitigate risk and stabilize earnings.

Vox Royalty Financial Statement Overview

Summary

Vox Royalty has demonstrated robust revenue growth and maintains a strong balance sheet with no debt. However, the negative net profit margin remains a challenge, impacting profitability despite improvements in other financial metrics.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.16M	11.05M	12.31M	8.51M	3.65M	126.23K
Gross Profit	8.35M	7.91M	9.98M	6.66M	2.68M	105.39K
EBITDA	6.62M	4.38M	4.97M	1.21M	-2.16M	-10.54M
Net Income	-1.49M	-1.65M	-101.11K	328.18K	-4.13M	-10.31M
Balance Sheet
Total Assets	171.71M	51.38M	52.71M	41.81M	27.31M	15.19M
Cash, Cash Equivalents and Short-Term Investments	16.90M	8.75M	9.34M	4.17M	7.22M	3.15M
Total Debt	16.28M	0.00	0.00	0.00	0.00	0.00
Total Liabilities	22.24M	8.32M	7.78M	6.39M	27.31M	1.27M
Stockholders Equity	140.77M	43.06M	44.92M	35.41M	20.71M	13.92M
Cash Flow
Free Cash Flow	-10.55M	1.77M	-224.13K	-2.65M	-8.60M	-5.96M
Operating Cash Flow	5.35M	5.46M	5.27M	2.05M	768.35K	-1.84M
Investing Cash Flow	-93.50M	-3.16M	-5.33M	-2.64M	-9.35M	-3.72M
Financing Cash Flow	91.81M	-2.87M	5.25M	-395.28K	10.64M	8.84M

Vox Royalty Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 7 is above the 20-day moving average (MA) of 6.79, above the 50-day MA of 6.49, and above the 200-day MA of 5.24, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 56.36 is Neutral, neither overbought nor oversold. The STOCH value of 89.62 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
TFPM	78 Outperform	C$10.48B	35.99	11.27%	0.66%	43.27%	―
EMPR	67 Neutral	C$146.64M	29.74	17.02%	―	112.93%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VOXR	61 Neutral	C$477.88M	―	-2.13%	0.97%	11.95%	-44.15%
STRR	50 Neutral	C$28.70M	-0.85	-64.35%	―	-47.93%	-538.46%

Vox Royalty Corporate Events

Vox Royalty Buys Feasibility-Stage Stockman Copper-Gold Royalty in Australia

Vox Royalty Corp. has agreed to acquire a net smelter return royalty over the feasibility-stage Stockman copper-gold-zinc-silver project in Victoria, Australia, operated by Aeris Resources, for up to A$15 million in cash and/or stock. The 1.5% NSR royalty, which steps down to 1.0% after nine million tonnes of production, is underpinned by a 12-year mine plan focused initially on the Currawong deposit, with total indicated and inferred resources of roughly 15.8 million tonnes of polymetallic ore and all primary permits already in place. Company management highlights the potential for more than US$3 million in annual royalty revenue based on the current feasibility study, while extensive metallurgical testwork, process optimisation, and strategic partner engagement through 2026 are expected to de-risk the project further and could extend mine life via additional deposits, enhancing Vox’s long-term cash flow optionality and exposure to a key Australian polymetallic development.

The most recent analyst rating on (TSE:VOXR) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Vox Royalty stock, see the TSE:VOXR Stock Forecast page.

Vox Royalty Strengthens Board with New Appointment

Vox Royalty Corp. has appointed Mr. Joseph Gallucci to its Board of Directors, bringing his extensive expertise in global capital markets and the mining sector to the company. His leadership in corporate finance and M&A will be instrumental as Vox continues to build long-term value for its shareholders, enhancing its strategic positioning in the mining royalty industry.

The most recent analyst rating on (TSE:VOXR) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on Vox Royalty stock, see the TSE:VOXR Stock Forecast page.

Vox Royalty Reports Record Q3 Revenue and Strategic Acquisitions

Vox Royalty Corp. reported a strong third quarter in 2025, achieving record revenue of $3.82 million, a 57% increase from the previous year. The company completed significant transactions, including the acquisition of a Global Gold Portfolio and an iron ore royalty, enhancing its asset base and future revenue potential. Vox also improved its financial position with an upsized credit facility and a successful public offering, raising $63.25 million. These strategic moves are expected to increase operating margins and shareholder returns, positioning Vox favorably in the mining royalty sector.

The most recent analyst rating on (TSE:VOXR) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Vox Royalty stock, see the TSE:VOXR Stock Forecast page.

Vox Royalty to Release Q3 2025 Financial Results

Vox Royalty Corp. announced it will release its third quarter 2025 financial results on November 12, 2025, after market close. This announcement is significant for stakeholders as it provides insights into the company’s financial health and operational progress, potentially impacting its industry positioning and investor confidence.

The most recent analyst rating on (TSE:VOXR) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Vox Royalty stock, see the TSE:VOXR Stock Forecast page.