Company Valuation: Source Rock Royalties Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025
Market Cap 1 34.12 37.54 39.2 40.11
Change - 10.03% 4.42% 2.33%
Enterprise Value (EV) 1 20.97 36.08 34.57 35.96
Change - 72.07% -4.2% 4.04%
P/E 12.9x 24.4x 27.7x 31.4x
PBR 1.24x 1.4x 1.52x 1.71x
PEG 0x -0.6x -3.14x -3.25x
Capitalization / Revenue 5.26x 5.65x 5.1x 6.65x
EV / Revenue 3.23x 5.43x 4.5x 5.96x
EV / EBITDA 3.93x 7.19x 5.78x 7.8x
EV / EBIT 6.64x 19.7x 17x 21.8x
EV / FCF 13.8x -3.87x 5.16x 10x
FCF Yield 7.24% -25.8% 19.4% 9.96%
Dividend per Share 2 0.06 0.066 0.0765 0.078
Rate of return 7.89% 7.95% 8.9% 8.86%
EPS 2 0.059 0.034 0.031 0.028
Distribution rate 102% 194% 247% 279%
Net sales 1 6.491 6.646 7.69 6.031
EBITDA 1 5.337 5.018 5.976 4.613
EBIT 1 3.156 1.835 2.036 1.651
Net income 1 2.558 1.566 1.495 1.322
Net Debt 1 -13.15 -1.462 -4.636 -4.15
Reference price 2 0.760 0.830 0.860 0.880
Nbr of stocks (in thousands) 44,897 45,232 45,583 45,583
Announcement Date 14/04/23 19/04/24 25/04/25 17/04/26
1CAD in Million2CAD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.27x2.35x5.38x2.61% 157B
12.21x3.25x6.21x3.65% 101B
8.53x2.6x4.55x2.88% 75.19B
7.57x2.5x3.97x1.73% 59.08B
9.78x1.41x4.64x1.98% 58.29B
11.92x3.59x5.09x2.2% 55.35B
9.6x2.54x4.92x2.35% 54.45B
12.36x3.44x5.15x5.69% 44.02B
6.27x1.6x3.83x5.34% 34.22B
Average 10.06x 2.59x 4.86x 3.16% 70.92B
Weighted average by Cap. 10.59x 2.61x 5.05x 2.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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  3. SRR Stock
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  5. Valuation Source Rock Royalties Ltd.