Triple Flag Precious Metals Corp. (TFPM) Financial Ratios
10 years of historical data (2016–2025) · Basic Materials · Other Precious Metals
EV/EBITDA
↑
21.13
+9% vs avg
5yr avg: 19.47
30Y Low14.3·High25.3
P/FCF
↑
72.17
↑+91% vs avg
5yr avg: 37.78
30Y Low19.4·High73.1
P/B Ratio
↑
3.24
↑+70% vs avg
5yr avg: 1.91
30Y Low1.4·High3.3
ROE
↑
12.9%
↓+193% vs avg
5yr avg: 4.4%
30Y Low-3%·High13%
Debt/EBITDA
↓
0.01
↓-93% vs avg
5yr avg: 0.12
30Y Low0.0·High14.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TFPM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Triple Flag Precious Metals Corp. trades at 27.0x earnings, 40% below its 5-year average of 45.0x, sitting at the 0th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.4x, the stock trades at a premium of 15%. On a free-cash-flow basis, the stock trades at 72.2x P/FCF, 91% above the 5-year average of 37.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.7B | $6.8B | $3.0B | $2.7B | $2.1B | $1.8B | — | — | — | — | — |
| Enterprise Value | $6.7B | $6.8B | $3.0B | $2.7B | $2.1B | $1.8B | — | — | — | — | — |
| P/E Ratio → | 27.00 | 27.68 | — | 73.94 | 39.31 | 39.19 | — | — | — | — | — |
| P/S Ratio | 16.93 | 17.14 | 11.26 | 13.02 | 14.13 | 11.96 | — | — | — | — | — |
| P/B Ratio | 3.24 | 3.32 | 1.74 | 1.47 | 1.63 | 1.39 | — | — | — | — | — |
| P/FCF | 72.17 | 73.09 | 19.41 | — | 32.47 | 26.16 | — | — | — | — | — |
| P/OCF | 21.24 | 21.51 | 14.18 | 17.23 | 18.13 | 14.99 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
TFPM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Triple Flag Precious Metals Corp.'s enterprise value stands at 21.1x EBITDA, 9% above its 5-year average of 19.5x. The Basic Materials sector median is 11.2x, placing the stock at a 89% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 17.07 | 11.13 | 13.22 | 13.67 | 11.69 | — | — | — | — | — |
| EV / EBITDA | 21.13 | 21.40 | 18.14 | 25.35 | 18.13 | 14.32 | — | — | — | — | — |
| EV / EBIT | 28.42 | 28.78 | 135.43 | 61.71 | 32.87 | 30.13 | — | — | — | — | — |
| EV / FCF | — | 72.80 | 19.18 | — | 31.42 | 25.58 | — | — | — | — | — |
TFPM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Triple Flag Precious Metals Corp. earns an operating margin of 59.3%, significantly above the Basic Materials sector average of 10.2%. Operating margins have expanded from 20.1% to 59.3% over the past 3 years, signaling improving operational efficiency. ROE of 12.9% is modest. ROIC of 9.5% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.6% | 67.6% | 85.8% | 50.0% | 57.3% | 55.3% | 44.5% | 20.6% | 2.9% | 89.2% | — |
| Operating Margin | 59.3% | 59.3% | -6.7% | 20.1% | 42.2% | 45.7% | 30.8% | -52.6% | -9.8% | -70.0% | — |
| Net Profit Margin | 61.7% | 61.7% | -8.6% | 17.8% | 36.3% | 30.3% | 49.4% | -23.3% | -0.1% | -70.7% | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.9% | 12.9% | -1.3% | 2.3% | 4.2% | 3.9% | 6.9% | -2.7% | -0.0% | — | — |
| ROA | 12.6% | 12.6% | -1.3% | 2.2% | 4.2% | 3.5% | 5.7% | -2.2% | -0.0% | -8.6% | -2.6% |
| ROIC | 9.5% | 9.5% | -0.8% | 2.0% | 3.8% | 4.1% | 2.7% | -3.9% | -0.7% | -6.5% | -1.4% |
| ROCE | 12.3% | 12.3% | -1.0% | 2.6% | 4.9% | 5.3% | 3.6% | -5.1% | -1.6% | — | — |
TFPM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Triple Flag Precious Metals Corp. carries a Debt/EBITDA ratio of 0.0x, which is very conservative (100% below the sector average of 2.7x). The company holds a net cash position — cash of $29M exceeds total debt of $3M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 54.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.27 | 0.10 | 0.27 | — | — |
| Debt / EBITDA | 0.01 | 0.01 | 0.01 | 0.56 | 0.02 | 0.01 | 3.13 | 5.39 | 3.93 | 14.03 | — |
| Net Debt / Equity | — | -0.01 | -0.02 | 0.02 | -0.05 | -0.03 | 0.25 | 0.08 | 0.25 | — | — |
| Net Debt / EBITDA | -0.08 | -0.08 | -0.21 | 0.39 | -0.60 | -0.32 | 2.90 | 4.40 | 3.62 | 13.93 | — |
| Debt / FCF | — | -0.29 | -0.22 | — | -1.05 | -0.58 | — | — | — | — | — |
| Interest Coverage | 54.68 | 54.68 | 3.93 | 5.97 | 19.08 | 9.09 | 6.98 | -3.30 | 1.69 | — | — |
Net cash position: cash ($29M) exceeds total debt ($3M)
TFPM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Triple Flag Precious Metals Corp.'s current ratio of 3.92x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 3.29x to 3.92x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.92 | 3.92 | 2.79 | 3.29 | 7.20 | 16.20 | 14.22 | 11.74 | 7.05 | 0.05 | 0.00 |
| Quick Ratio | 3.80 | 3.80 | 2.65 | 3.21 | 7.20 | 15.90 | 14.22 | 11.19 | 6.30 | 0.05 | 0.00 |
| Cash Ratio | 3.14 | 3.14 | 1.45 | 1.36 | 6.44 | 12.16 | 11.71 | 8.39 | 4.30 | 0.03 | 0.00 |
| Asset Turnover | — | 0.19 | 0.15 | 0.11 | 0.11 | 0.12 | 0.09 | 0.09 | 0.08 | 0.10 | — |
| Inventory Turnover | 27.56 | 27.56 | 9.97 | 73.24 | — | 48.96 | — | 22.71 | 9.56 | 4.79 | — |
| Days Sales Outstanding | — | 23.35 | 23.93 | 41.38 | 19.94 | 39.01 | 32.80 | 47.67 | 87.54 | 63.98 | — |
TFPM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Triple Flag Precious Metals Corp. returns 0.8% to shareholders annually — split between a 0.7% dividend yield and 0.1% buyback yield. The payout ratio of 19.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | 0.7% | 1.4% | 1.6% | 1.4% | 0.8% | — | — | — | — | — |
| Payout Ratio | 19.1% | 19.1% | — | 113.9% | 55.2% | 32.6% | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.7% | 3.6% | — | 1.4% | 2.5% | 2.6% | — | — | — | — | — |
| FCF Yield | 1.4% | 1.4% | 5.2% | — | 3.1% | 3.8% | — | — | — | — | — |
| Buyback Yield | 0.1% | 0.1% | 0.3% | 0.8% | 0.2% | 0.1% | — | — | — | — | — |
| Total Shareholder Yield | 0.8% | 0.8% | 1.7% | 2.3% | 1.6% | 0.9% | — | — | — | — | — |
| Shares Outstanding | — | $204M | $201M | $200M | $156M | $148M | $155M | $155M | $155M | $72M | $72M |
Peer Comparison
Compare TFPM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TFPMYou | $7B | 27.0 | 21.1 | 72.2 | 67.6% | 59.3% | 12.9% | 9.5% | 0.0 |
 WPM | $60B | 40.0 | 30.3 | 104.1 | 72.2% | 68.8% | 18.8% | 17.4% | 0.0 |
 RGLD | $16B | 34.8 | 20.1 | 22.9 | 69.3% | 64.5% | 9.0% | 9.2% | 1.1 |
 FNV | $44B | 38.9 | 26.7 | — | 73.9% | 71.0% | 16.6% | 16.8% | 0.0 |
 OR | $7B | 33.7 | 28.3 | 33.1 | 83.4% | 72.9% | 16.0% | 12.2% | 0.0 |
 EMX | $453M | -144.4 | 61.6 | 136.6 | 72.1% | 4.0% | -2.8% | 0.6% | 4.6 |
 GROY | $630M | -152.1 | 139.4 | 629.7 | 75.4% | 10.9% | -0.7% | 0.2% | 0.0 |
 NEM | $126B | 17.7 | 9.0 | 17.2 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
 AEM | $94B | 21.2 | 11.5 | 22.1 | 58.1% | 53.1% | 19.6% | 21.9% | 0.0 |
 KGC | $36B | 15.3 | 8.3 | 14.2 | 47.5% | 43.2% | 31.0% | 29.9% | 0.2 |
 AG | $11B | 61.1 | 15.8 | 30.0 | 34.8% | 27.8% | 7.4% | 13.1% | 0.5 |
| Basic Materials Median | — | 23.4 | 11.2 | 28.0 | 31.6% | 10.2% | 1.0% | 4.4% | 2.7 |
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Start ComparisonTFPM — Frequently Asked Questions
Quick answers to the most common questions about buying TFPM stock.
What is Triple Flag Precious Metals Corp.'s P/E ratio?
Triple Flag Precious Metals Corp.'s current P/E ratio is 27.0x. The historical average is 45.0x.
What is Triple Flag Precious Metals Corp.'s EV/EBITDA?
Triple Flag Precious Metals Corp.'s current EV/EBITDA is 21.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.5x.
What is Triple Flag Precious Metals Corp.'s ROE?
Triple Flag Precious Metals Corp.'s return on equity (ROE) is 12.9%. The historical average is 3.3%.
Is TFPM stock overvalued?
Based on historical data, Triple Flag Precious Metals Corp. is trading at a P/E of 27.0x. Compare with industry peers and growth rates for a complete picture.
What is Triple Flag Precious Metals Corp.'s dividend yield?
Triple Flag Precious Metals Corp.'s current dividend yield is 0.71% with a payout ratio of 19.1%.
What are Triple Flag Precious Metals Corp.'s profit margins?
Triple Flag Precious Metals Corp. has 67.6% gross margin and 59.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Triple Flag Precious Metals Corp. have?
Triple Flag Precious Metals Corp.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.