The average target price of VOXR is 4.5 and suggests 25% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increase one's position in this instrument in the next 12 months. The most optimistic analyst has a target price of 6.0. This translates into 68% upside potential in the best case. On the other hand, the most pessimistic analyst has a target price of 3.3. This is equivalent to 8% downside potential in the worst case. 

Vox Royalty Corp. operates as a mining royalty and streaming company. The company holds a portfolio of 56 royalties and streaming assets, as well as 1 royalty option. It operates in Australia, Canada, Peru, Brazil, South Africa, Mexico, the United States, Madagascar, the Cayman Islands, and Nigeria. The company was founded in 2014 and is based in Toronto, Canada.

Canada

Vox Royalty Corp.

Basic Materials

The company pays dividends from time to time. It has paid dividends in less than half the past ten years. Dividend per share (DPS) has grown yearly, and there is a clear trend. In the past 12 months, the dividend yield has been moderate and on par with its peers. On average, the company pays dividends twice a year. 

VOXR reported revenue of USD 11mn in the last 12 months, down 11% from FY23. At the same time, the dynamics of cash flow, as measured by free cash flow (FCF), were drastically different. EPS grew 909% from FY23 to USD -0.03. Market expects EPS to reach USD -0.01 in FY25.

The stock has been growing steadily in the past six months, adding 37% in total. The stock has outperformed its global peers from the same sector and industry (as shown above), surpassing them by 16ppts in total. This is largely true for peers from the same country and sector. With respect to the stock's valuation against its peers, its overall price performance is 'fair'.

The company has reported good EBITDA margins compared to its global peers in recent years. EBITDA margin amounted to 39.5% in the last 12 months, a decline from 50.6% in FY23. 

Historically, VOXR has reported very poor net margins compared to its global peers. Specifically, in the last 12 months, this metric equalled -14.9%, down from -0.9% in FY23. 

Vox Royalty Corp. reported a return on equity (RoE) of -3.8% in the last 12 months, down from -0.3% in FY23. The market consensus projects an RoE of 0.2% in FY24, again behind its peers. 

Another important profitability metric, return on assets (RoA), amounted to -3.2% in the last 12 months, a decrease from -0.2% in FY23. The market analysts predict that RoA will be 0.2% in FY24, again weaker than its peers. 

In the last 12 months, the return on capital employed (RoCE) declined to -3.4%, below the peers. The consensus estimate for FY24 for RoCE is -7.4%, again behind the peers. 

The ratio of return on invested capital (RoIC) to the weighted average cost of capital (WACC) has been 0.5 in the past several years. This ratio implies a weak shareholder value creation. 

The institutional, legal, and compliance risks associated with the company's country are minimal. In combination with stringent business standards, shareholder rights are very highly protected.

VOXR has poor trading liquidity. The average private investor can sell his common position in the stock in a single trading day under normal market conditions. Liquidity is usually stable and becomes extremely unfavourable on the days with the lowest activity. The trading volume mostly stays the same even under highly turbulent market conditions. The stock has a very small market capitalisation, which usually makes its trading liquidity erratic and unpredictable. 

No other major risks have been identified.

The risk of default is moderate. We note resilient historical revenue growth, robust profitability, and an favourable capital structure, among the positive credit factors. Among the negative credit factors and we point to negligible return on capital, excessive margin volatility.

In highly turbulent market conditions, VOXR is moderately volatile. In other words, the stock will fall more than the index in times of extreme market volatility or shocking company news. Standalone, the worst-day losses (less than 1% of the time) will likely be moderate. 

In normal market circumstances, VOXR is volatile. Put differently, without outstanding market volatility or shocking company news, the stock's price will move much wider than the index. The stock's losses on its worst days (less than 1-5% of the time) will range from moderate to notable. 

From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks. In particular, the stock is overpriced on P/E, 'expensive' on EV/EBITDA, overvalued on P/FCF. 

Vox Royalty Corp.

$ 3.59

4

Vox Royalty Corp.

$ 3.59

4

Risk factor

Profitability factor

Risk / Profitability

About

About

Risk factor

Profitability factor

$ 3.59

About

About

Vox Royalty Corp.

$ 3.59

4

Vox Royalty Corp.

$ 3.59

4

Risk factor

Profitability factor

Risk / Profitability

About

About

Risk factor

Profitability factor

$ 3.59

About

About

News and articles