Elemental Royalty Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 17, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	1,299	1,481	283	216	237	115
Market Cap Growth	167.00%	424.15%	31.09%	-9.02%	106.91%	54.02%
Enterprise Value	1,180	1,461	301	244	289	138
Last Close Price	20.18	23.15	11.46	10.96	13.05	16.54
PE Ratio	-	609.72	-	-	-	-
Forward PE	32.51	27.20	21.91	149.18	149.18	46.40
PS Ratio	16.53	24.76	12.03	13.90	18.16	13.69
PB Ratio	1.19	1.38	1.00	1.05	1.20	1.79
P/TBV Ratio	1.19	1.38	1.00	1.05	1.20	1.79
P/FCF Ratio	22.74	36.25	40.79	572.80	-	80.88
P/OCF Ratio	21.68	35.07	40.79	81.91	-	80.88
EV/Sales Ratio	15.01	24.42	12.83	15.74	22.13	16.52
EV/EBITDA Ratio	26.81	44.95	27.78	49.83	103.05	42.54
EV/EBIT Ratio	71.22	145.03	652.34	-	-	-
EV/FCF Ratio	20.65	35.75	43.48	648.78	-	97.58
Debt / Equity Ratio	0.00	0.00	0.01	0.19	0.21	0.48
Debt / EBITDA Ratio	0.02	0.02	0.36	8.08	14.51	9.52
Debt / FCF Ratio	0.01	0.02	0.56	105.26	-	21.83
Net Debt / Equity Ratio	-0.11	-0.09	-0.01	0.12	0.09	0.36
Net Debt / EBITDA Ratio	-2.87	-2.90	-0.23	5.04	6.07	7.14
Net Debt / FCF Ratio	-2.09	-2.31	-0.37	65.66	-0.94	16.37
Asset Turnover	0.10	0.08	0.08	0.06	0.07	0.13
Quick Ratio	6.04	6.58	6.30	9.22	2.71	5.65
Current Ratio	6.04	6.58	6.30	9.43	5.44	5.89
Return on Equity (ROE)	-0.12%	0.36%	-0.18%	-2.02%	-18.50%	-12.21%
Return on Assets (ROA)	1.13%	0.83%	0.10%	-1.06%	-1.61%	-0.38%
Return on Invested Capital (ROIC)	-0.15%	0.46%	-0.05%	-1.92%	-2.96%	-0.75%
Return on Capital Employed (ROCE)	1.10%	0.80%	0.20%	-1.70%	-1.90%	-0.40%
Earnings Yield	-0.06%	0.16%	-0.18%	-2.39%	-10.40%	-5.22%
FCF Yield	4.40%	2.76%	2.45%	0.18%	-7.65%	1.24%
Buyback Yield / Dilution	-83.85%	-54.66%	-9.34%	-78.05%	-57.94%	-110.59%