Added to YB: 2024-05-24
Pitch date: 2024-05-23
VOXR [bullish]
Vox Royalty Corp.
+188.51%
current return
Author Info
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Company Info
Vox Royalty Corp. operates as a mining royalty company. The company holds a portfolio of 70 precious metals royalties in Australia, Canada, the United States of America, South Africa, Brazil, and Peru.
Market Cap
CAD 296.3M
Pitch Price
CAD 2.67
Price Target
9.00 (+20%)
Dividend
1.40%
EV/EBITDA
6.61
P/E
8.81
EV/Sales
9.35
Sector
Metals and Mining
Category
value
Vox Royalty Corp.: Robust Portfolio, Strategic Focus, and Attractive Valuation
$VOXR: Mining royalty co trading at discount to NPV, 5x 2027 FCF. $58M invested since IPO => $12M 2023 royalties, $25-30M by 2027. Proprietary database enables attractive bilateral deals. Now FCF+, $25M revolver + $10M cash, no more dilution. Assuming historical returns, deploying $15M/yr => 3x 2027 FCF. 4x assuming buybacks only. 90% of portfolio in US/Canada/Australia, 70% precious metals. M&A potential given cheap valuation + $5-6M SG&A synergies. Key risks: Commodity prices, capital allocation.
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