TSX:SRV.UN

Stock Analysis Report

SIR Royalty Income Fund

Executive Summary

SIR Royalty Income Fund, through SIR Royalty Limited Partnership, owns SIR’s restaurants in Canada.

Snowflake

Risks

  • SIR Royalty Income Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.

Share Price & News

How has SIR Royalty Income Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

6.9%

TSX:SRV.UN

0.4%

CA Hospitality

1.3%

CA Market


1 Year Return

-10.2%

TSX:SRV.UN

-18.0%

CA Hospitality

-0.3%

CA Market

SRV.UN outperformed the Hospitality industry which returned -18.6% over the past year.

SRV.UN underperformed the Market in Canada which returned -0.1% over the past year.


Share holder returns

SRV.UNIndustryMarket
7 Day6.9%0.4%1.3%
30 Day0.07%7.1%3.4%
90 Day-16.7%-3.3%1.1%
1 Year-2.7%-10.2%-17.4%-18.0%3.2%-0.3%
3 Year25.3%-0.6%23.1%19.8%19.1%8.4%
5 Year56.7%4.6%-0.6%-3.5%19.5%2.3%

Price Volatility Vs. Market

How volatile is SIR Royalty Income Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SIR Royalty Income Fund undervalued based on future cash flows and its price relative to the stock market?

42%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

SIR Royalty Income Fund's share price is below the future cash flow value, and at a moderate discount (> 20%).

SIR Royalty Income Fund's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

SIR Royalty Income Fund is good value based on earnings compared to the CA Hospitality industry average.

SIR Royalty Income Fund is good value based on earnings compared to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for SIR Royalty Income Fund, we can't assess if its growth is good value.


Price Based on Value of Assets

SIR Royalty Income Fund is good value based on assets compared to the CA Hospitality industry average.

Future Growth

How is SIR Royalty Income Fund expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

1.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

SIR Royalty Income Fund's revenue is expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).

Unable to determine if SIR Royalty Income Fund is high growth as no earnings estimate data is available.

SIR Royalty Income Fund's revenue growth is positive but not above the Canada market average.

Unable to compare SIR Royalty Income Fund's earnings growth to the Canada market average as no estimate data is available.

Unable to compare SIR Royalty Income Fund's earnings growth to the low risk savings rate as no estimate data is available.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if SIR Royalty Income Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Past Performance

How has SIR Royalty Income Fund performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

SIR Royalty Income Fund's year on year earnings growth rate has been positive over the past 5 years.

SIR Royalty Income Fund's 1-year earnings growth exceeds its 5-year average (73.5% vs 5.8%)

SIR Royalty Income Fund's earnings growth has exceeded the CA Hospitality industry average in the past year (73.5% vs -12.2%).


Return on Equity

SIR Royalty Income Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

SIR Royalty Income Fund used its assets more efficiently than the CA Hospitality industry average last year based on Return on Assets.


Return on Capital Employed

SIR Royalty Income Fund has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).

Financial Health

How is SIR Royalty Income Fund's financial position?


Financial Position Analysis

SIR Royalty Income Fund is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

SIR Royalty Income Fund's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

SIR Royalty Income Fund has no debt.

SIR Royalty Income Fund has not taken on any debt in the past 5 years.

SIR Royalty Income Fund has no debt, it does not need to be covered by operating cash flow.

SIR Royalty Income Fund has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

SIR Royalty Income Fund has no debt, it does not need to be covered by short term assets.

Dividend

What is SIR Royalty Income Fund's current dividend yield, its reliability and sustainability?

9.03%

Current Dividend Yield


Upcoming Dividend Payment

Purchase SIR Royalty Income Fund before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

SIR Royalty Income Fund's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (1.99%).

SIR Royalty Income Fund's dividend is above the markets top 25% of dividend payers in Canada (5.85%).

Dividends per share have been stable in the past 10 years.

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.

Management

What is the CEO of SIR Royalty Income Fund's salary, the management and board of directors tenure and is there insider trading?

15.1yrs

Average board tenure


CEO

Peter Fowler 0

0yrs

Tenure

0

Mr. Peter Fowler has been the Chief Executive Officer of SIR Corp. since 2004 and served as its President since January 3, 2012. Mr. Fowler serves as the Chief Executive Officer and President of SIR GP Inc ...


Board Age and Tenure

15.1yrs

Average Tenure

The average tenure for the SIR Royalty Income Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by SIR Royalty Income Fund individual insiders in the past 3 months.


Recent Insider Transactions

BuyCA$4,95320 Aug 19
Kim van Nieuwkoop
EntityIndividual
Role
Member of the Board of Directors
Shares360
Max PriceCA$13.76
BuyCA$5,30223 Jul 19
Kim van Nieuwkoop
EntityIndividual
Role
Member of the Board of Directors
Shares350
Max PriceCA$15.15
BuyCA$317,29128 Jun 19
William Irvine
EntityIndividual
Shares20,600
Max PriceCA$15.95
BuyCA$9,28912 Feb 19
Atul Sharma
EntityIndividual
Shares600
Max PriceCA$15.48
BuyCA$1,55008 Feb 19
Atul Sharma
EntityIndividual
Shares100
Max PriceCA$15.50
BuyCA$1,54007 Feb 19
Atul Sharma
EntityIndividual
Shares100
Max PriceCA$15.40
BuyCA$21,52704 Feb 19
Atul Sharma
EntityIndividual
Shares1,400
Max PriceCA$15.38
BuyCA$337,57108 Jan 19
York Capital Management
EntityCompany
Shares24,400
Max PriceCA$15.18
BuyCA$2,76502 Jan 19
Kim van Nieuwkoop
EntityIndividual
Role
Member of the Board of Directors
Shares190
Max PriceCA$14.55
BuyCA$319,68503 Oct 18
William Irvine
EntityIndividual
Shares20,000
Max PriceCA$16.05

Ownership Breakdown


Management Team

  • Peter Fowler

    Trustee & CEO of SIR Corp

    • Tenure: 0yrs
  • Jeff Good

    Chief Financial Officer of SIR Corp.

    • Tenure: 0yrs
  • Paul Bognar

    COO & President of SIR Corp

    • Tenure: 0yrs

Board Members

  • Peter Luit

    Independent Trustee

    • Tenure: 15.1yrs
  • Bill Rogers (71yo)

    Independent Trustee

    • Tenure: 15.1yrs
  • Grey Sisson

    Chairman of SIR Corp

    • Tenure: 21.7yrs
  • John McLaughlin

    Chairman of the Board of Trustees

    • Tenure: 0yrs
  • Peter Fowler

    Trustee & CEO of SIR Corp

    • Tenure: 0yrs
  • Kim van Nieuwkoop

    • Tenure: 5.4yrs

Company Information

SIR Royalty Income Fund's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • SIR Royalty Income Fund
  • 5360 South Service Road
  • Suite 200
  • Burlington
  • Ontario
  • L7L 5L1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SRV.UNTSX (The Toronto Stock Exchange)YesFund UnitsCACADOct 2004
SIRZ.FOTCPK (Pink Sheets LLC)YesFund UnitsUSUSDOct 2004

Biography

SIR Royalty Income Fund, through SIR Royalty Limited Partnership, owns SIR’s restaurants in Canada. The company operates concept restaurants under the Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 23:52
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.