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Vox Royalty (VOXR)
NASDAQ:VOXR
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Positive Factors
Acquisition Benefits
The acquisition of the Kanmantoo NSR royalty provides immediate cash flow and is located in a quality jurisdiction.
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.
Revenue Guidance
Guidance for 2025 revenue was increased following the acquisition of the Kanmantoo NSR royalty.
Negative Factors
Earnings Performance
1Q25 results showed revenue of $2.7M, down 6.9% y/y, and below the forecast of $3.5M.
Tax Impact on Earnings
Q1/25 adjusted EPS was a bit below the estimate primarily due to higher taxes.
Vox Royalty (VOXR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$172.14M
Dividend Yield1.44%
Average Volume (3M)236.37K
Price to Earnings (P/E)―
Beta (1Y)0.35
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees6
SectorBasic Materials
Sector Strength62
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding50,756,370
10 Day Avg. Volume304,173
30 Day Avg. Volume236,371
Financial Highlights & Ratios
PEG Ratio-2.28
Price to Book (P/B)3.39
Price to Sales (P/S)0.00
P/FCF Ratio83.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$5.00Price Target Upside36.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Vox Royalty Business Overview & Revenue Model
Company DescriptionVox 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 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.62
Positive
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.78
Positive
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.70
Positive
| 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 Peers Comparison
Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Performance Comparison
VOXR
Vox Royalty
3.65
1.38
60.79%
MTA
Metalla Royalty & Streaming
3.79
0.79
26.33%
EMPYF
Empress Royalty
0.49
0.23
88.46%
TSE:STRR
Star Royalties
0.20
-0.06
-23.08%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.