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Canadian royalty company collecting payments on mines and renewable power projects it does not operate.
Canadian royalty company collecting payments on mines and renewable power projects it does not operate.
Receives a share of revenue or output from mines operated by others and carries none of the operating costs, so income rises with volumes and prices but needs little spending. Besides royalties it holds equity stakes in other resource companies.
In one line: A small, diversified Royal Gold/Texas Pacific Land hybrid..
Moat: narrow (installed base, scale). Owns a diversified portfolio of long-life royalties with no operating cost exposure, hard to replicate quickly.
Headquarters: St. John's, Canada · Founded: 1997 · Employees: 16
Size Altius Minerals (ALS.TO) is a Canada Materials company (Other Metals/Minerals) with a market value of $2.16B, the 179th largest of 420 Canada companies the cockpit tracks. Shares closed at C$51.53 on 6 Nov 2026.
Performance Over six months the shares fell 2.1%, against -22.1% for the median peer and +5.2% for the Canada market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 68.0% over the last twelve months (peer median +33.4%); the operating margin is 16.7% (peer median 4.9%).
Valuation It trades at 47.6× forward earnings against a peer median of 19.9× (3rd most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 58% a year for seven years (Req g). Recent delivered growth is -4%, so the hurdle is +62 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.5 points below its cost of capital (6.1% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$59.9M | C$40.5M | C$37.3M | C$51.2M | C$84.2M |
| Revenue growth | — | +9% | -27% | -39% | — |
| Gross profit | C$42.9M | C$28.2M | C$25.0M | C$29.0M | C$54.1M |
| EBITDA | C$18.3M | C$16.4M | C$14.0M | C$29.3M | C$64.2M |
| Net income | C$298M | C$299M | C$101M | C$9.54M | C$37.5M |
| Free cash flow | C$27.3M | C$26.1M | C$26.7M | C$36.5M | C$70.6M |
| Capital expenditure | C$427,000 | C$356,000 | C$2.76M | C$1.45M | C$2.54M |
| Total debt | C$86.4M | C$88.4M | C$107M | C$112M | C$121M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Altius Minerals ALS.TO | $2.16B | -2% | +68% | 17% | 47.6× | 57.7% |
| Franco-Nevada FNV.TO | $49.6B | +16% | +72% | 75% | 31.5× | 17.7% |
| Wheaton Precious Metals WPM.TO | $62.3B | +7% | +89% | 73% | 29.9× | n/a |
| Royal Gold RGLD | $22.5B | +11% | +94% | 63% | 20.9× | 10.9% |
| Labrador Iron Ore Royalty LIF.TO | $981M | -23% | -15% | 75% | 15.4× | 0.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ALS.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.7% | -17.1% | 6th lowest of 21 |
| 6-month return | -2.1% | -22.1% | 4th highest of 20 |
| Distance from 52-week high | -25.9% | -50.3% | highest of 21 |
| Revenue growth (TTM) | +68.0% | +33.4% | 8th highest of 21 |
| Operating margin | 16.7% | 4.9% | 9th highest of 21 |
| Forward P/E | 47.6× | 19.9× | 3rd most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 57.7% | 28.0% | most demanding of 6 |
| Growth delivered (Del g) | -4.5% | +10.7% | 2nd lowest of 5 |
| Hurdle (Req g minus delivered) | +62.2 pp | +18.8 pp | most demanding of 5 |
| ROIC minus cost of capital | -5.5 pp | -1.5 pp | 7th lowest of 20 |
| Net debt / EBITDA | -3.1× | -0.4× | 5th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Altius Minerals ALS.TO | Canada | $2.16B | -2% | +68% | 17% | 47.6× | 57.7% | -4.5% |
| 5N Plus VNP.TO | Canada | $2.15B | -10% | +32% | 18% | 28.8× | n/a | n/a |
| Centrus Energy LEU | United States | $2.14B | -50% | +8% | 2% | 34.5× | n/a | n/a |
| Guangdong Jia Yuan Technology Shares 688388.SS | China | $2.12B | -38% | +81% | 4% | 17.9× | n/a | n/a |
| Co-tech Development 8358.TWO | Taiwan | $2.24B | -30% | +31% | 23% | 19.9× | n/a | n/a |
| Jiaxin International Resources Investment 3858.HK | Hong Kong | $2.08B | -56% | +2,782% | 65% | 6.1× | -6.4% | n/a |
| Anhui Jingcheng Copper Share 002171.SZ | China | $2.07B | -22% | +35% | 1% | 22.0× | n/a | n/a |
| Ningbo Boway Alloy Material 601137.SS | China | $2.26B | -6% | +31% | 0% | 19.8× | n/a | n/a |
| Henan Liliang Diamond 301071.SZ | China | $2.03B | -2% | +73% | 21% | 45.0× | 28.0% | +20.9% |
| Lianyou Metals 7610.TW | Taiwan | $2.03B | +89% | +238% | 56% | 11.4× | n/a | n/a |
| CGN Mining 1164.HK | Hong Kong | $2.03B | -47% | +15% | 2% | 20.8× | 33.0% | +19.1% |
| Paladin Energy PDN.AX | Australia | $2.32B | -33% | +64% | 4% | 50.9× | n/a | n/a |
| Denison Mines DML.TO | Canada | $2.00B | -39% | -9% | -2,101% | n/a | n/a | n/a |
| Almonty Industries ALM | United States | $2.34B | -59% | +208% | 5% | 12.3× | n/a | n/a |
| Ningbo Jintian Copper (Group) 601609.SS | China | $2.36B | -11% | +25% | 1% | 15.3× | n/a | n/a |
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | China | $1.87B | -16% | +11% | 3% | 65.8× | n/a | n/a |
| Jinhui Mining 603132.SS | China | $2.53B | -11% | +38% | 51% | n/a | n/a | n/a |
| Jiangsu ToLand Alloy 300855.SZ | China | $1.83B | -21% | +75% | 28% | 26.5× | n/a | n/a |
| Trekor Metals TKO.TO | Canada | $2.57B | -1% | +68% | 28% | 9.8× | n/a | n/a |
| Changyu 603407.SS | China | $2.59B | n/a | +9% | 16% | n/a | 51.8% | +2.2% |
| IGO IGO.AX | Australia | $2.60B | -45% | -12% | -31% | 8.9× | 17.2% | -6.5% |