<div id="readability-page-1"><div><h2>What the latest earnings tell you about Osisko Development</h2> <p>Osisko Development (TSXV:ODV) released full year 2025 results showing sales of CA$35.48 million versus CA$4.56 million a year earlier, alongside a wider net loss of CA$169.01 million and higher basic loss per share.</p> <p>See our latest analysis for Osisko Development.</p> <p>The earnings release appears to have sharpened investor focus on Osisko Development’s balance between higher sales and larger losses. The 1 day share price return of 3.1% and 7 day share price return of 12.05% contrast with a 30 day share price return decline of 28.79% and a very large 1 year total shareholder return of 117.29%, set against weaker multi year total shareholder returns.</p> <p>If this kind of volatility has your attention, it could be a good moment to see what else is moving in the precious metals space using our 28 elite gold producer stocks</p> <p>With Osisko Development now reporting CA$35.48 million in sales alongside a CA$169.01 million net loss, the key question is whether the current share price reflects a discount to its potential or whether the market already prices in any future growth.</p> <h2>Price to sales of 39.9x: Is it justified?</h2> <p>On the numbers provided, Osisko Development looks expensive on a P/S basis, with a 39.9x multiple against both peers and the wider Canadian metals and mining group.</p> <p>The P/S ratio compares the company’s market value to its revenue, so a higher figure usually means investors are willing to pay more for each dollar of sales. For a business that is still loss making, like Osisko Development with a CA$159.47 million net loss on CA$35.48 million of sales, a rich P/S often implies the market is focusing on future revenue potential rather than current profitability.</p> <p>Here, that premium is clear. The 39.9x P/S sits well above the peer average of 12.4x and also above the Canadian metals and mining industry average of 7.1x. This represents a strong gap. It also stands materially higher than the estimated fair P/S of 18.7x. The market could move toward this level if expectations and reality come closer together.</p> <p>Explore the SWS fair ratio for Osisko Development</p> <p><strong>Result: Price to sales ratio of 39.9x (OVERVALUED)</strong></p> <p>However, the combination of a CA$159.47 million net loss and a P/S far above peers means that any setback at key projects could quickly pressure this premium story.</p> <p>Find out about the key risks to this Osisko Development narrative.</p> <h2>Another view: DCF points the other way</h2> <p>The high 39.9x P/S paints Osisko Development as expensive, yet our DCF model suggests the shares trade at a large discount, with CA$4.65 compared with an estimated future cash flow value of CA$12.20, or about 61.9% below that fair value estimate. Which signal should carry more weight for you?</p> <p>Look into how the SWS DCF model arrives at its fair value.</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c3af214e-4db0-4a6f-864e-9264e0abe929/chart/dcf/query-ZGF0ZT0yMDI2LTA0LTAy?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c3af214e-4db0-4a6f-864e-9264e0abe929/chart/dcf/query-ZGF0ZT0yMDI2LTA0LTAy"/><figcaption>ODV Discounted Cash Flow as at Apr 2026</figcaption></figure><p>Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Osisko Development for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 8 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.</p> <h2>Next Steps</h2> <p>With mixed signals on price and value, are you comfortable relying on just one metric or headline move, or do you want to see the full picture yourself quickly by reviewing the 3 key rewards and 1 important warning sign?</p> <h2>Looking for more investment ideas?</h2> <p>If you want to build on what you have learned here, it makes sense to scan a wider range of companies quickly rather than reacting to one stock alone.</p> <ul> <li>Spot potential value opportunities before the crowd by running through our 8 high quality undervalued stocks.</li> <li>Strengthen the quality of your watchlist by filtering for companies in the solid balance sheet and fundamentals stocks screener (10 results).</li> <li>Aim for rare ideas with strong fundamentals by checking the screener containing 7 high quality undiscovered gems.</li> </ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p><div><h3><strong>New: </strong>AI Stock Screener &amp; Alerts</h3><p>Our new AI Stock Screener scans the market every day to uncover opportunities.</p><div><p>• Dividend Powerhouses (3%+ Yield)<br/>• Undervalued Small Caps with Insider Buying<br/>• High growth Tech and AI Companies</p><p>Or build your own from over 50 metrics.</p></div><p>Explore Now for Free</p></div></div></div>

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<p>Osisko Development (TSXV:ODV) reported 2025 earnings with sales of CA$35.48 million, up from CA$4.56 million last year, but also a net loss of CA$169.01 million. The stock's price-to-sales ratio stands at 39.9x, significantly higher than peers, indicating potential overvaluation. However, a discounted cash flow analysis suggests shares may be undervalued at CA$4.65 compared to an estimated fair value of CA$12.20. Investors are advised to consider both metrics before making decisions.</p>

Simplywall

OSISKO DEVELOPMENT CORP C/WTS 27/05/2027 (TO PUR COM)

VanEck Junior Gold Miners ETF

Osisko Development

iShares MSCI Global Gold Miners

VanEck Gold Miners ETF

Assessing Osisko Development (TSXV:ODV) Valuation After Earnings Show Higher Sales And Wider Losses