Empress Royalty Corp (EMPR) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Empress Royalty Corp C$1.16, price C$1.04, upside +11.1%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range C$0.1650 – C$1.26 · fair‑value band C$0.8296 – C$1.76 · the C$1.04 price screens below the C$1.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Empress Royalty Corp. engages in creating and investing in a portfolio of precious metal royalty and streaming interests in Canada. It focuses on small to mid-tier producing or development stage mining companies. The company explores gold and silver deposits. Empress Royalty Corp. was incorporated in 2020 and is headquartered in Vancouver, Canada.
Stock analysis
Empress Royalty Corp (EMPR) currently trades at C$1.04, while our model-based Fair Value estimate is C$1.16, implying the stock looks roughly 10.0% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of C$2.34 per share, and 6 of the 20 models we run sit above the C$1.04 price.
Bear case: the Asset-Based group reads lowest at C$0.1400, and 14 of the 20 models stay below the price. Evidence for this calculation is low.
Scenario range: C$0.8296 (bear) to C$1.76 (bull), the price of C$1.04 sits inside 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 66/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Empress Royalty Corp reported revenue of $17.2M in FY2025 versus $1.8M in FY2022, a compound +111.1%/yr. Reported net income was $7.4M in FY2025.
Key figures
Market cap C$133M (≈ $94.1M) · P/E ratio 9.5 · P/S ratio 4.10 · EPS (TTM) C$0.1100 · Net margin 43.3% · Return on equity 36.0% · Return on assets (EBIT) 4.5% · Operating margin 54.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −17% fair-value upside, at 11%, EMPR screens cheaper than that median.
Fair Value models
Bear C$0.8296Fair Value C$1.16Bull C$1.76
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 (C$0.0805 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.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.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+114.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+111.1%
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−108.5% (2022) → 46.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+32.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +29.5% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Precious Metals & Mining · 102 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+11% · Top 25%
Profitability
Return on equity (TTM)36% · Top 25%
Return on assets28% · Top 25%
Net margin (TTM)35% · Above median
Operating margin (TTM)55% · Top 25%
Growth and dividend
Revenue growth115% · Top 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper
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Is Empress Royalty Corp (EMPR) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of C$1.16 versus a price of C$1.04, about +11% upside (undervalued).
What is the fair value of EMPR?
Our model-based fair value for Empress Royalty Corp is C$1.16 (as of Sep 23, 2026), built from audited fundamentals. The current price: C$1.04.
What is the quality score of EMPR?
Empress Royalty Corp has a Quality Score of 66/100. 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 Empress Royalty Corp (EMPR)?
Our model-based price target is the fair value of C$1.16 (as of Sep 23, 2026) from 20 valuation models. Cautious scenario C$0.8296, optimistic scenario C$1.76. It is a calculation from audited fundamentals, not an analyst target.
What is the Empress Royalty Corp stock forecast for 2026?
Our models put fair value at C$1.16, about +11% upside versus a price of C$1.04 (undervalued). Cautious scenario C$0.8296, optimistic scenario C$1.76. The calculation is refreshed regularly with new filings.
What is the revenue of Empress Royalty Corp (EMPR)?
Empress Royalty Corp reported trailing-twelve-month revenue of about C$27.9M (latest available figure, as of Sep 23, 2026).
What growth is priced into Empress Royalty Corp (EMPR)?
For today's price to be fair in a discounted-cash-flow model, Empress Royalty Corp would have to grow free cash flow by +32.2 % per year for five years (discount rate 14.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +111.1 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of EMPR use?
Our models discount Empress Royalty Corp at 14.5 %: a base by market capitalisation (micro), damped by beta 1.63, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Empress Royalty Corp that is +32.2 % per year a year over ten years, using the same discount rate (14.5 %) and the same formula as our fair value.
How much growth has Empress Royalty Corp (EMPR) delivered so far?
Over the past 3 years revenue at Empress Royalty Corp grew +111.1 % a year. The price currently implies +32.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Empress Royalty Corp (EMPR) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Empress Royalty Corp (+32.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Empress Royalty Corp (EMPR)?
The free-cash-flow yield on the price is 2.81 %: that much free cash flow Empress Royalty Corp produces per unit of market value. When it exceeds the discount rate of our models (14.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Empress Royalty Corp (EMPR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Empress Royalty Corp it is C$1.16 per share (as of Sep 23, 2026), against a price of C$1.04. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is Empress Royalty Corp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, EMPR trades below its calculated fair value: price C$1.04, fair value C$1.16, a gap of about +11% (undervalued). 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 EMPR?
No. The price is what the market pays today (C$1.04); the fair value is what the company's own numbers justify (C$1.16). For Empress Royalty Corp the two are C$0.1150 per share apart. That gap is exactly why we show both numbers side by side.
How much is Empress Royalty Corp worth?
The market values Empress Royalty Corp at about C$133M (market capitalisation, as of Sep 23, 2026). Per share that is C$1.04; our models calculate a fair value of C$1.16 per share.
What do the bullish and bearish scenarios say about EMPR?
Our models span a range for Empress Royalty Corp: cautious scenario C$0.8296, base C$1.16, optimistic C$1.76 per share (as of Sep 23, 2026, price C$1.04). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EMPR?
Empress Royalty Corp trades at a price-to-earnings ratio of 9.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$1.16 is built from several models across several years. Other multiples: P/B 3.4, P/S 3.4, EV/EBITDA 5.2.
How solid is the balance sheet of Empress Royalty Corp (EMPR)?
Balance-sheet figures for Empress Royalty Corp (as of Sep 23, 2026): return on equity 36.0%, debt of 0.01 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is EMPR from its 52-week high?
Empress Royalty Corp trades at C$1.04, about 17% below its 52-week high of C$1.26 and 39% above the low of C$0.7500 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of C$1.16 is for.
Which stocks are comparable to Empress Royalty Corp?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, Compañía de Minas Buenaventura S.A., Sibanye Stillwater Limited, 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 Empress Royalty Corp stock attractive at the current price?
The data as of Sep 23, 2026: price C$1.04, calculated fair value C$1.16 (+11%), Quality Score 66/100, from 20 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 EMPR calculated?
We run Empress Royalty Corp through 20 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 C$1.16, 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 13.0 % above its aggregate fair value. Empress Royalty Corp currently trades 11 % below its own fair value, and the market average says nothing about that. 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 Empress Royalty Corp (EMPR)?
The closing price on Sep 23, 2026 was C$1.04. Our model-based fair value is C$1.16, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Empress Royalty Corp right now?
A fairly wide model range (C$0.8296 to C$1.76) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Empress Royalty Corp
How large is the market capitalisation of Empress Royalty Corp (EMPR)?
The market capitalisation of Empress Royalty Corp is C$133M (≈ $94.1M). 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/S ratio of Empress Royalty Corp (EMPR)?
The price-to-sales ratio of Empress Royalty Corp is 4.10 (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 Empress Royalty Corp (EMPR)?
Earnings per share at Empress Royalty Corp are C$0.1100 (price ÷ EPS = P/E 9.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Empress Royalty Corp (EMPR)?
The net margin of Empress Royalty Corp is 43.3% (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 Empress Royalty Corp (EMPR)?
The return on equity (ROE) of Empress Royalty Corp is 36.0% (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 Empress Royalty Corp (EMPR)?
On an EBIT basis the return on assets of Empress Royalty Corp is 4.5% (avg 4y). 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 Empress Royalty Corp (EMPR)?
The operating margin of Empress Royalty Corp is 54.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Empress Royalty Corp (EMPR)?
Revenue at Empress Royalty Corp is growing +115% versus a year earlier (3y avg +111%). 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 Empress Royalty Corp (EMPR)?
Earnings per share at Empress Royalty Corp are growing −57.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Empress Royalty Corp (EMPR) carry?
The net debt of Empress Royalty Corp is C$4.2M (fiscal year 2024, ≈ 1.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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