Versamet Royalties Corporation (VMET) Key Metrics
VMET valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $920.7M
- Enterprise value
- $1.37B
- P/E (TTM)
- 25.6
- Forward P/E
- 33.3
- PEG ratio
- —
- Price / sales
- 12.4
- Price / book
- 2.5
- EV / EBITDA
- 17.6
- Dividend yield
- —
- Beta
- —
VMET key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsVMET returns How much profit the business earns on the capital it uses.
VMET per-share figures Results divided by the shares outstanding at year-end.
VMET financial health Debt, liquidity and how easily interest is covered.
VMET efficiency & capital use Working capital cycle and where the cash goes.
VMET returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VMET debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VMET key metrics
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Per share | |||
| Revenue per share | $0.36 | $0.13 | $0.03 |
| Earnings per share | $0.21 | −$0.03 | −$0.03 |
| Operating cash flow per share | $0.18 | $0.08 | $0.01 |
| Free cash flow per share | $0.18 | $0.08 | $0.01 |
| Cash per share | $0.04 | $0.02 | $0.07 |
| Book value per share | $2.45 | $2.28 | $1.23 |
| Tangible book value per share | $2.45 | $2.28 | $1.23 |
| Dividends per share | $0.00 | $0.00 | $0.00 |
| Capex per share | $0.00 | $0.00 | $0.00 |
| Debt per share | $1.48 | $0.01 | $0.29 |
| Shares outstanding | 95.5M | 92.8M | 92.8M |
| Change in shares outstanding | +2.9% | 0.0% | — |
| Returns & profitability | |||
| Return on equity (ROE) | 9.1% | −1.5% | −2.7% |
| Return on invested capital (ROIC) | 1.4% | −2.0% | −1.5% |
| Return on assets (ROA) | 6.3% | −1.3% | −2.0% |
| Return on tangible assets | 4.9% | −1.1% | −2.0% |
| Free cash flow margin | 48.7% | 61.5% | 19.8% |
| Income quality (OCF / net income) | 0.83 | — | — |
| Financial health | |||
| Total debt | $141.0M | $608,000 | $27.1M |
| Cash & short-term investments | $3.7M | $1.4M | $6.7M |
| Net debt | $137.3M | −$823,000 | $20.4M |
| Debt / equity | 0.60 | 0.00 | 0.24 |
| Debt / assets | 0.34 | 0.00 | 0.17 |
| Net debt / EBITDA | 2.86 | −0.23 | 50.15 |
| Current ratio | 0.74 | 0.56 | 0.78 |
| Quick ratio | 0.74 | 0.56 | 0.78 |
| Interest coverage | 0.5 | -1.2 | -1.3 |
| Working capital | −$8.7M | −$7.4M | −$3.7M |
| Invested capital | $371.3M | $210.5M | $134.1M |
| Tangible asset value | $234.0M | $211.3M | $113.8M |
| Net current asset value | −$159.8M | −$9.5M | −$31.1M |
| Graham number | $3.43 | — | — |
| Graham net-net per share | −$1.81 | −$0.19 | −$0.40 |
| Capital allocation | |||
| Dividends paid | $0 | $0 | $0 |
| Dividend payout ratio | 0.0% | — | — |
| Dividends + buybacks / free cash flow | 0.0% | 0.0% | 0.0% |
| Capex / revenue | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | 0.00 | — | — |
| Stock-based compensation / revenue | 4.8% | 21.3% | 51.7% |
| R&D / revenue | 0.4% | 0.4% | — |
| SG&A / revenue | 21.6% | 45.5% | 108.7% |
| Efficiency | |||
| Days sales outstanding | 52.5 | 12.0 | 49.0 |
| Days payables outstanding | 35.3 | 24.6 | 35.9 |
| Cash conversion cycle (days) | 17.2 | -12.6 | 13.1 |
| Receivables turnover | 6.95 | 30.43 | 7.45 |
| Payables turnover | 10.35 | 14.85 | 10.16 |
| Asset turnover | 0.11 | 0.06 | 0.02 |
| Average receivables | $5.0M | $395,231 | $421,462 |
| Average payables | $2.1M | $729,512 | $226,024 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% |
Computed from VMET's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
VMET valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 25.6 and the forward P/E is 33.3. Versamet Royalties earned a return on equity of 9.1% and a return on invested capital of 1.4% in fiscal 2025. It ended the year with $141.0 million of debt and $3.7 million in cash and short-term investments, net debt of $137.3 million.
See the VMET income statement, the VMET chart for price history, or the VMET stock overview for the latest quote and news.
VMET key metrics FAQ
What is Versamet Royalties's P/E ratio?
Versamet Royalties's trailing P/E ratio is 25.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 33.3. At the end of fiscal 2025 it was —.
What is Versamet Royalties's return on equity?
Versamet Royalties's return on equity (ROE) was 9.1% in fiscal 2025: net income of $20.3 million on average shareholders' equity of $222.6 million.
What is Versamet Royalties's ROIC?
Versamet Royalties's return on invested capital was 1.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Versamet Royalties have?
Versamet Royalties had total debt of $141.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.60 and $137.3 million of net debt (2.86 times EBITDA).
Does Versamet Royalties pay a dividend?
Versamet Royalties did not pay a dividend in fiscal 2025.
What is Versamet Royalties's current ratio?
Versamet Royalties's current ratio was 0.74 at the end of fiscal 2025: current assets were 0.74 times current liabilities.