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← CockpitCompetitor Analysis › THX.V Thor Explorations Ltd.Open in the cockpit ↗

Thor Explorations Ltd.THX.VCompetitor analysis, valuation and peers

Canada · CAD·Materials›Precious Metals
Momentum weak 22
Mkt cap
$466M
US dollars, full cap
Free float
72%
of shares outstanding
$/day
$423,689
20-day average traded
Fwd P/E
2.2×
forward earnings
ROIC−WACC
+43.8 pp
WACC 12.0%
Hurdle
n/a
no reverse DCF
Next earnings
178 days
3 May 2027
Close · CADC$0.98
1D-2.0%
1W+11.4%
1M-11.7%
3M-13.3%
6M-26.3%
YTD-22.8%
1Y-3.0%
ATR %5.6%
52w lowhigh49.2% off high

What Thor Explorations does

No business profile yet.

Thor Explorations at a glance

Size Thor Explorations (THX.V) is a Canada Materials company (Precious Metals) with a market value of $466M, the 350th largest of 420 Canada companies the cockpit tracks. Shares closed at C$0.98 on 6 Nov 2026.

Performance Over six months the shares fell 26.3%, against -15.3% for the median peer and +5.2% for the Canada market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue grew 29.4% over the last twelve months (peer median +55.4%); the operating margin is 62.6% (peer median 25.7%).

Valuation It trades at 2.2× forward earnings against a peer median of 5.7× (2nd cheapest of 8).

Capital Return on invested capital runs 43.8 points above its cost of capital (12.0% WACC).

Next results Next results expected around 3 May 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 84THX.V 69
Six months, rebased to 100: Thor Explorations against the median of its 20 peers (local-currency closes).

Thor Explorations financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$457MC$455MC$265MC$191MC$215M
Revenue growth—+72%+39%-11%—
Gross profitC$302MC$300MC$152MC$52.6MC$92.3M
EBITDAC$352MC$339MC$183MC$76.2MC$113M
Net incomeC$284MC$274MC$125MC$14.7MC$50.5M
Free cash flowC$285MC$252MC$76.4MC$42.3MC$66.5M
Capital expenditureC$54.9MC$38.6MC$17.6MC$51.1MC$44.3M
Total debtC$224,162C$3.56MC$25.1MC$72.9MC$92.9M

Quarterly statements and history in the cockpit →

Thor Explorations competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-20%-10%0%MEIHSTRRMLAMIITRATXASEAUCGORONMGSLGTAUCTGOCMCLAUXXRXLWIAAMXITHTCGTHX.V6-month return →1-month return →
Up and to the right = strong over both horizons. Thor Explorations is the large dot.

Fundamentals: revenue growth against valuation

+50%+100%+150%+200%2×4×6×AMIITRASEGOROCMCLTHX.VRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Thor Explorations is the large dot.

Thor Explorations competitors and peer comparison

How Thor Explorations compares with its peers

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.

Thor Explorations against its 20 peers (data as of 6 Nov 2026)
MeasureTHX.VPeer medianRank in peer set
1-month return-11.7%-10.0%10th lowest of 21
6-month return-26.3%-15.3%8th lowest of 21
Distance from 52-week high-49.2%-34.9%7th lowest of 21
Revenue growth (TTM)+29.4%+55.4%2nd lowest of 7
Operating margin62.6%25.7%2nd highest of 8
Forward P/E2.2×5.7×2nd cheapest of 8
ROIC minus cost of capital+43.8 pp-18.4 pphighest of 17
EV / EBITDA1.1×3.5×cheapest of 7
Net debt / EBITDA-0.8×-0.9×4th most indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Thor Explorations THX.VCanada$466M-26%+29%63%2.2×n/an/a
Meteoric Resources MEI.AXAustralia$464M+12%n/an/an/an/an/a
Heliostar Metals HSTR.TOCanada$475M+10%n/a22%8.3×15.3%n/a
Rusoro Mining RML.VCanada$457M-5%n/an/an/an/an/a
Aurelia Metals AMI.AXAustralia$477M+16%+40%27%4.8×-5.8%+2.9%
Integra Resources ITR.VCanada$453M-20%+71%26%5.7×0.8%+70.9%
ATEX Resources ATX.TOCanada$443M-45%n/an/an/an/an/a
Asante Gold ASE.VCanada$439M-39%+28%-22%1.4×n/an/a
Ausgold AUC.AXAustralia$495M+42%n/an/an/an/an/a
Goldgroup Mining GORO.VCanada$500M-21%+215%3%5.7×n/an/a
New Murchison Gold NMG.AXAustralia$433M+19%+1,594,866%67%n/a-19.0%n/a
San Lorenzo Gold SLG.VCanada$431M+101%n/an/an/an/an/a
Thesis Gold & Silver TAU.VCanada$516M-31%n/an/an/an/an/a
Contango Silver & Gold CTGOUnited States$520M-43%n/an/a5.6×n/an/a
Caledonia Mining CMCLUnited States$412M-11%+35%45%6.8×-20.3%+21.8%
Gold X2 Mining AUXX.VCanada$409M-32%n/an/an/an/an/a
Rox Resources RXL.AXAustralia$532M+13%n/an/an/an/an/a
WIA Gold WIA.AXAustralia$533M-22%n/an/an/an/an/a
Amex Gold Mining AMX.VCanada$407M-26%n/an/an/an/an/a
International Tower Hill Mines ITH.TOCanada$405M-39%n/an/an/an/an/a
Turaco Gold TCG.AXAustralia$540M+29%n/an/an/an/an/a

Questions

Which companies are Thor Explorations's closest peers?
The cockpit's peer set: Meteoric Resources (MEI.AX), Heliostar Metals (HSTR.TO), Rusoro Mining (RML.V), Aurelia Metals (AMI.AX), Integra Resources (ITR.V), ATEX Resources (ATX.TO), Asante Gold (ASE.V), Ausgold (AUC.AX).
Is Thor Explorations expensive compared with its peers?
On forward p/e it trades at 2.2× against a peer median of 5.7×, 2nd cheapest of 8 in its peer set.
How has Thor Explorations stock performed?
Over six months to 6 Nov 2026 the shares returned -26.3% against -15.3% for the median peer; over one year -3.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.