Versamet Royalties Corporation Common Stock (VMET)
FairStock Score: 48/100 — MIXED
Key Financials
| Current Price | $8.23 |
| Market Cap | $1.3B |
| P/E Ratio | 22.86 |
| ROE | 12.17% |
| Dividend Yield | —% |
| Sector | Basic Materials |
AI Analysis
AI-generated, general educational analysis — not personal investment advice.
As a value investor, I look first for a durable business and a clear margin of safety. Versamet is a metals royalty and streaming firm, which can be a good model because it provides upfront capital in exchange for a share of future production, potentially without operating mines. It has interests in Peru, the U.S., Africa, and Canada. The latest filed quarter, 2026-Q2, showed $23.7 million of revenue, $4.9 million of net income, and a 20.64% margin. That is profitable, and trailing free cash flow of $84.6 million gives a 6.3% FCF yield on the $1.3 billion market cap. The balance sheet has debt/equity of 0.95, so leverage is not trivial. Returns are modest: ROE 12.17% and ROCE 7.84% per FairStock. The Piotroski F-Score is 4/9, and Altman Z-Score is 2.15, suggesting some financial fragility. On valuation, at the 2026-10-13 close of $8.41, the FairStock P/E is 23.36, P/B 2.43, and EV/EBITDA 21.24. The FairStock Graham Number is $5.42, leaving a negative 55.17% margin of safety. The PEG ratio of 0.03 seems to reflect very high reported growth, but with 0 years of filed annual results, no Peter Lynch category can be assigned and durability is unproven. FairStock Score 48/100 is middling. I would want a longer track record and a lower price before calling this a bargain.
In plain English: Versamet is a royalty and streaming company that buys rights to future metals production, including silver, gold, copper and others. In the second quarter of 2026 (2026-Q2), it reported $23.7 million of revenue and $4.9 million of net income, so it is profitable, but it has a very short reporting history. At $8.41, the price looks more expensive than a simple asset-based value measure and not obviously cheap versus earnings.
The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.
Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash
Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer