WallStSmart

Almonty Industries Inc. Common Shares (ALM)vsGold Royalty Corp. (GROY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Almonty Industries Inc. Common Shares generates 280% more annual revenue ($85.80M vs $22.56M). ALM leads profitability with a 125.2% profit margin vs 6.7%. ALM earns a higher WallStSmart Score of 57/100 (C).

ALM

Buy

57

out of 100

Grade: C

Growth: 6.7Profit: 6.5Value: 4.0Quality: 5.5
Piotroski: 4/9Altman Z: 0.58

GROY

Hold

44

out of 100

Grade: D

Growth: 8.0Profit: 5.5Value: 6.7Quality: 9.0
Piotroski: 4/9Altman Z: 3.32
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for ALM.

GROYUndervalued (+87.8%)

Margin of Safety

+87.8%

Fair Value

$36.63

Current Price

$3.41

$33.22 discount

UndervaluedFair: $36.63Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ALM3 strengths · Avg: 10.0/10
Profit MarginProfitability
125.2%10/10

Keeps 125 of every $100 in revenue as profit

Operating MarginProfitability
37.5%10/10

Strong operational efficiency at 37.5%

Revenue GrowthGrowth
497.7%10/10

Revenue surging 497.7% year-over-year

GROY5 strengths · Avg: 9.6/10
Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
76.1%10/10

Revenue surging 76.1% year-over-year

Debt/EquityHealth
0.0010/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
3.3210/10

Safe zone — low bankruptcy risk

Operating MarginProfitability
27.7%8/10

Strong operational efficiency at 27.7%

Areas to Watch

ALM4 concerns · Avg: 3.3/10
Price/BookValuation
11.2x4/10

Trading at 11.2x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Debt/EquityHealth
1.473/10

Elevated debt levels

P/E RatioValuation
87.3x2/10

Premium valuation, high expectations priced in

GROY4 concerns · Avg: 3.3/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$778.45M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.2%3/10

ROE of 0.2% — below average capital efficiency

Profit MarginProfitability
6.7%3/10

6.7% margin — thin

Comparative Analysis Report

WallStSmart Research

Bull Case : ALM

The strongest argument for ALM centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 125.2% and operating margin at 37.5%. Revenue growth of 497.7% demonstrates continued momentum.

Bull Case : GROY

The strongest argument for GROY centers on Price/Book, Revenue Growth, Debt/Equity. Revenue growth of 76.1% demonstrates continued momentum.

Bear Case : ALM

The primary concerns for ALM are Price/Book, EPS Growth, Debt/Equity. A P/E of 87.3x leaves little room for execution misses.

Bear Case : GROY

The primary concerns for GROY are EPS Growth, Market Cap, Return on Equity.

Key Dynamics to Monitor

ALM profiles as a growth stock while GROY is a hypergrowth play — different risk/reward profiles.

ALM carries more volatility with a beta of 1.39 — expect wider price swings.

ALM is growing revenue faster at 497.7% — sustainability is the question.

ALM generates stronger free cash flow (5M), providing more financial flexibility.

Bottom Line

ALM scores higher overall (57/100 vs 44/100), backed by strong 125.2% margins and 497.7% revenue growth. GROY offers better value entry with a 87.8% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Almonty Industries Inc. Common Shares

BASIC MATERIALS · OTHER INDUSTRIAL METALS & MINING · USA

Almonty Industries Inc. engages in mining, processing, and shipping of tungsten concentrates. The company is headquartered in Dillon, Montana.

Gold Royalty Corp.

BASIC MATERIALS · GOLD · USA

Gold Royalty Corp. The company is headquartered in Vancouver, Canada.

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