ELE
Elemental Royalty Corporation
ELE's fundamentals are weak: its operating margin fell 5 points to 21% and free cash flow turned negative, though revenue more than doubled. At 265x earnings, it's trading below its usual 321x. Analysts expect earnings to decline.
ELE Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Weak | |
| Strong |
ELE's revenue and balance sheet are currently strong, and its profitability is stable, but its cash flow is weak.
ELE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 40x | $14.38 | — |
| Current | 265x | $14.38 | — |
| Cheap | 281x | $14.05 | -2.3% |
| Fair | 320x | $15.99 | +11% |
| Expensive | 3,098x | $155 | +977% |
Historical ranges are pointers, not guarantees.
ELE's PE is in its cheap range at 265x. On analysts' estimates for next year's earnings, today's price would be 40x.
ELE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect ELE's revenue to grow, but its earnings and profitability to decline.
ELE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.36 | +614% |
| Q2 2026 | $0.05 | -72% |
| Q1 2026 | $0.01 | -94% |
| Q4 2025 | $0.13 | +$0.15 |
| Q3 2025 | $0.21 | +133% |
| Q2 2025 | $0.18 | +$0.27 |
| Q1 2025 | $0.17 | +$0.34 |
| Q4 2024 | -$0.02 | +$0.21 |
| Q3 2024 | $0.09 | +$1.07 |
ELE earned $0.05 per share over the past year, down 72% from the year before.
ELE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $23.8M | +162% |
| Q1 2026 | $24.3M | +109% |
| Q4 2025 | $16M | +191% |
| Q3 2025 | $6.9M | +84% |
| Q2 2025 | $9.1M | +142% |
| Q1 2025 | $11.6M | +251% |
| Q4 2024 | $5.5M | +36% |
| Q3 2024 | $3.7M | +59% |
ELE's revenue has grown year over year for 11 quarters in a row: $24M last quarter, up 162% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 30% | +1 points |
| Q1 2026 | 27% | -6.1 points |
| Q4 2025 | -6.4% | -17 points |
| Q3 2025 | 26% | +14 points |
| Q2 2025 | 29% | +33 points |
| Q1 2025 | 34% | +40 points |
| Q4 2024 | 11% | +32 points |
| Q3 2024 | 12% | +34 points |
ELE's operating margin was 30% last quarter, up 1 points from the same quarter a year ago, near the top of its range since 2019.
ELE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $15.5M | +4.5% |
| Q1 2026 | $14.3M | +346% |
| Q4 2025 | -$38.3M | -1525% |
| Q3 2025 | -$15.2M | -$14.6M |
| Q2 2025 | $14.9M | +1447% |
| Q1 2025 | $3.2M | +541% |
| Q4 2024 | $2.7M | -51% |
| Q3 2024 | -$569.3K | -145% |
ELE's free cash flow was −$24M over the past year, against $20M the year before.
ELE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +190K shares |
| 1 year | +171% | +42M shares |
| 3 years | +265% | +48.3M shares |
| 5 years | +865% | +59.6M shares |
| Available history | +277774% | +66.5M shares |
ELE has 67M diluted shares, up 171% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $2M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
ELE spent $2M buying back its own shares over the past year, after none the year before.
ELE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -2.0x | Net Cash |
| Q1 2026 | -2.7x | Net Cash |
| Q4 2025 | -2.3x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -1.2x | Net Cash |
| Q1 2025 | -0.3x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
| Q3 2024 | 1.3x | Healthy |
ELE has more cash than debt.
ELE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.7 | Neutral |
| Stochastic | 11.3 | Oversold |
ELE's weekly RSI is 39 (neutral) and its Stochastic is 11 (oversold).
ELE PE vs Basic Materials Sector
| Metric | ELE | Sector median | Relative |
|---|---|---|---|
| PE | 265x | 19x | 1,326% above |
| PE % | 6 | 4 | 2 pts above |
ELE is trading at 265x earnings, a 1326% premium to the Basic Materials sector's median of 19x.
ELE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.8 | 14% below |
| 20 week MA | $18.1 | 20% below |
| 50 week MA | $18.3 | 21% below |
ELE is in a downtrend: it's below all three of its weekly moving averages, and 21% below its 50-week average.
ELE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $15.0 | $17.7 | +18% |
| 2026 YTD | $17.7 | $14.4 | -19% |
ELE has finished every year since 2025 higher, and it's down 19% so far in 2026.