Elemental Royalty Corp
ELE · Gold and Silver Ores · EDGAR filings ↗
Grade
B75Debt-free gold/silver royalty company with top-decile cash margins and revenue growth, but near-zero net returns after the EMX merger.
Strengths
- Top-decile FCF margin (~71%, 92.6th pct), high gross/OCF margins (86th pct) and revenue up 167% (92nd pct)
- Zero debt, strong liquidity (current 6.6x) and solid interest coverage on a high-quality royalty model
Risks
- Near-zero net returns (ROE 0.23%, ROA 0.2%, ROIC 24th pct) with net income down ~587% (1.3th pct)
- Integration risk and accounting noise from the recently completed EMX acquisition
Key metrics
Gross margin
62.6%
Operating margin
12.1%
Net margin
4.1%
Return on equity
0.2%
Return on assets
0.2%
ROIC
0.5%
Revenue growth (QoQ)
167.4%
Debt / equity
0.0×
Interest coverage
11.0×
Current ratio
6.6×
Free cash flow
$31M
Tangible book value
$780M
Cash & investments
$53M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-24 | 2025-12-31 | 0001628280-26-020856 ↗ |