White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
Ecora Royalties PLC operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally.
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Ecora Royalties PLC operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally. It has royalties and investments in mining and exploration of various commodities, including cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, coking coal, calcium carbonate, chromite, gold, rare earth metals, and silver. The company was formerly known as Ecora Resources PLC and changed its name to Ecora Royalties PLC in January 2026. Ecora Royalties PLC was incorporated in 1967 and is headquartered in London, the United Kingdom.
Ecora Royalties PLC (ECRAF) currently trades at $2.22, while our model-based Fair Value estimate is $1.19, 46.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $1.62 per share, and 1 of the 15 models we run sit above the $2.22 price.
Bear case: the Dividend Discount group reads lowest at $0.3600, and 14 of the 15 models stay below the price. Evidence for this calculation is high.
Scenario range: $0.7900 (bear) to $1.38 (bull), the price of $2.22 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Ecora Royalties PLC reported revenue of $55.9M in FY2025 versus $85.3M in FY2021, a compound −10.0%/yr. Reported net income was $22.2M in FY2025, compounding −12.3%/yr from FY2021.
Key figures
Market cap $553M · P/E ratio 24.7 · P/S ratio 9.79 · EPS (TTM) $0.0900 · Dividend yield 0.9% · Net margin 39.7% · Return on equity 4.9% · Return on assets (EBIT) 9.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 94% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −46%, ECRAF screens richer than that median.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.0529 per share) are deliberately not added.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Residual Income
$1.34
$1.31
$1.36
76
EPV
$0.0500
$0.1100
$0.1500
70
ROIC Compounder
$0.0500
$0.1100
$0.1500
70
All 16 models by family
Earnings-Based
Graham-Dodd
$0.6000
$3.06
$4.23
64
Lynch FV
$0.8300
$1.19
$1.55
61
PEG = 1.0
$0.8300
$1.19
$1.55
57
EPV
$0.0500
$0.1100
$0.1500
70
Dividend Discount
Gordon GGM
$0.2200
$0.3900
$0.5400
68
DDM Multi-Stage
$0.2200
$0.3600
$0.4200
67
Multiples
P/E Multiple
$1.13
$1.51
$1.89
63
P/S Multiple
$0.2500
$0.3400
$0.4200
58
P/B Multiple
$1.13
$1.51
$1.89
55
EV/EBIT
$0.6900
$1.04
$1.38
65
EV/EBITDA
$0.8200
$1.21
$1.60
66
EV/Revenue
n/a
n/a
$0.0900
50
Asset-Based
NCAV (Graham)
$0.9300
$1.25
$1.87
54
Economic Profit
Residual Income
$1.34
$1.31
$1.36
76
ROIC Compounder
$0.0500
$0.1100
$0.1500
70
Growth Earnings
Growth-Adj P/E
$1.14
$1.62
$2.11
67
Open the full fair value analysis →
Overall quality
56/100
Of which business quality 53
· Market factors (momentum, volatility) 77
Profitability
36
Margins and returns on capital today
Quality Growth
49
Are margins and returns improving?
Cashflow
43
Earnings quality: real cash, not paper profit
Fin. Strength
63
Balance sheet, leverage, solvency risk
Investment
67
Disciplined investing over empire-building
Low Volatility
58
Calm price path (market factor)
Momentum
81
Price trend over the last 3–12 months (market factor)
52W Momentum
92
Distance to the 52-week high (market factor)
Net Issuance
71
Share count: buybacks or dilution?
Open the full quality analysis →
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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Is Ecora Royalties PLC (ECRAF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $1.19 versus a price of $2.22, about −46% upside (overvalued).
What is the fair value of ECRAF?
Our model-based fair value for Ecora Royalties PLC is $1.19 (as of Sep 24, 2026), built from audited fundamentals. The current price: $2.22.
What is the quality score of ECRAF?
Ecora Royalties PLC has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ecora Royalties PLC (ECRAF)?
Our model-based price target is the fair value of $1.19 (as of Sep 24, 2026) from 16 valuation models. Cautious scenario $0.7900, optimistic scenario $1.38. It is a calculation from audited fundamentals, not an analyst target.
What is the Ecora Royalties PLC stock forecast for 2026?
Our models put fair value at $1.19, about −46% upside versus a price of $2.22 (overvalued). Cautious scenario $0.7900, optimistic scenario $1.38. The calculation is refreshed regularly with new filings.
What is the revenue of Ecora Royalties PLC (ECRAF)?
Ecora Royalties PLC reported trailing-twelve-month revenue of about $55.9M (latest available figure, as of Sep 24, 2026).
Does Ecora Royalties PLC pay a dividend?
Ecora Royalties PLC currently shows a dividend yield of about 0.90% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Ecora Royalties PLC (ECRAF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ecora Royalties PLC it is $1.19 per share (as of Sep 24, 2026), against a price of $2.22. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Ecora Royalties PLC stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ECRAF trades above its calculated fair value: price $2.22, fair value $1.19, a gap of about −46% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ECRAF?
No. The price is what the market pays today ($2.22); the fair value is what the company's own numbers justify ($1.19). For Ecora Royalties PLC the two are $1.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ecora Royalties PLC worth?
The market values Ecora Royalties PLC at about $553M (market capitalisation, as of Sep 24, 2026). Per share that is $2.22; our models calculate a fair value of $1.19 per share.
What do the bullish and bearish scenarios say about ECRAF?
Our models span a range for Ecora Royalties PLC: cautious scenario $0.7900, base $1.19, optimistic $1.38 per share (as of Sep 24, 2026, price $2.22). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is ECRAF from its 52-week high?
Ecora Royalties PLC trades at $2.22, about 9% below its 52-week high of $2.43 and 94% above the low of $1.15 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $1.19 is for.
Which stocks are comparable to Ecora Royalties PLC?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, China Tungsten And Hightech Materials Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ecora Royalties PLC stock attractive at the current price?
The data as of Sep 24, 2026: price $2.22, calculated fair value $1.19 (−46%), Quality Score 56/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ECRAF calculated?
We run Ecora Royalties PLC through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $1.19, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Ecora Royalties PLC itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on
is it worth investing now.
What is the share price of Ecora Royalties PLC (ECRAF)?
The closing price on Oct 2, 2026 was $2.22. Our model-based fair value is $1.19, about −46% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ecora Royalties PLC right now?
The price sits above even our optimistic bull case ($1.38). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Ecora Royalties PLC (ECRAF) come from?
Earnings per share at Ecora Royalties PLC grew −1.2 % a year from 2011 to 2022. Broken into its drivers: revenue per share +3.9 %, EBIT margin −4.4 %, tax rate −0.6 %, residual (interest, one-offs) +0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Ecora Royalties PLC
How large is the market capitalisation of Ecora Royalties PLC (ECRAF)?
The market capitalisation of Ecora Royalties PLC is $553M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Ecora Royalties PLC (ECRAF)?
The price-to-earnings ratio of Ecora Royalties PLC is 24.7. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Ecora Royalties PLC (ECRAF)?
The price-to-sales ratio of Ecora Royalties PLC is 9.79 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ecora Royalties PLC (ECRAF)?
Earnings per share at Ecora Royalties PLC are $0.0900 (price ÷ EPS = P/E 24.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ecora Royalties PLC (ECRAF)?
The dividend yield of Ecora Royalties PLC is 0.9% (payout 22.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ecora Royalties PLC (ECRAF)?
The net margin of Ecora Royalties PLC is 39.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ecora Royalties PLC (ECRAF)?
The return on equity (ROE) of Ecora Royalties PLC is 4.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ecora Royalties PLC (ECRAF)?
On an EBIT basis the return on assets of Ecora Royalties PLC is 9.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ecora Royalties PLC (ECRAF)?
The operating margin of Ecora Royalties PLC is 53.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ecora Royalties PLC (ECRAF)?
Revenue at Ecora Royalties PLC is growing +295% versus a year earlier (3y avg −26.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ecora Royalties PLC (ECRAF)?
Earnings per share at Ecora Royalties PLC are growing +25.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ecora Royalties PLC (ECRAF) generate?
The free cash flow of Ecora Royalties PLC is −$16.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ecora Royalties PLC (ECRAF) carry?
The net debt of Ecora Royalties PLC is $85.5M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.