VOXRVox Royalty Corp.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (3.7×).
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Margin-driven, fat margins on slower asset turns. 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 VOXR?
Vox Royalty Corp. earns 2.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 6.2 points below what the capital costs: growth destroys value
- Operating margin
- 29%
Operating margin · Other Precious Metals & Mining median 25% · fiscal year to FY2025
- Cash conversion
- 3.65×
Cash conversion · 6.32× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +14%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2021 | −64% |
| FY2022 | 151% |
| FY2023 | 148% |
| FY2024 | 9.9% |
| FY2025 | 29% |
Details›
- Gross marginfiscal year to FY2025
- 84%
- Operating marginfiscal year to FY2025
- 29%
- Net marginfiscal year to FY2025
- 49%
- Revenue, trailing twelve months
- $12M
- Net income, trailing twelve months
- $5.9M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 2.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Other Precious Metals & Mining
Ranks #6 of 8 by RyuScore