ARISAris Mining Corporation
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (1.3×).
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
A balanced mix of margins, efficiency, and leverage. ROE 5% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is ARIS?
Aris Mining Corporation earns 18% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 9.0 points above what the capital costs: growth creates value
- Operating margin
- 39%
Operating margin · Gold median 38% · fiscal year to FY2025
- Cash conversion
- 1.31×
Cash conversion · 1.52× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +21%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2022 | 15% |
| FY2023 | 24% |
| FY2024 | 23% |
| FY2025 | 39% |
Details›
- Gross marginfiscal year to FY2025
- 55%
- Operating marginfiscal year to FY2025
- 39%
- Net marginfiscal year to FY2025
- 8.5%
- Free cash flow margin
- 14%
- Revenue, trailing twelve months
- $928M
- Free cash flow, trailing twelve months
- $129M
- Net income, trailing twelve months
- $78M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 18%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.