SRR Stock Overview
Source Rock Royalties Ltd. acquires and manages oil and gas royalties and mineral title interests.
Source Rock Royalties Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$0.69|
|52 Week High||CA$1.01|
|52 Week Low||CA$0.65|
|1 Month Change||-10.39%|
|3 Month Change||-14.29%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-18.82%|
Recent News & Updates
We Think Source Rock Royalties' (CVE:SRR) Robust Earnings Are Conservative
Source Rock Royalties Ltd. ( CVE:SRR ) just reported healthy earnings but the stock price didn't move much. We think...
|SRR||CA Oil and Gas||CA Market|
Return vs Industry: Insufficient data to determine how SRR performed against the Canadian Oil and Gas industry.
Return vs Market: Insufficient data to determine how SRR performed against the Canadian Market.
|SRR Average Weekly Movement||6.1%|
|Oil and Gas Industry Average Movement||10.5%|
|Market Average Movement||9.8%|
|10% most volatile stocks in CA Market||18.1%|
|10% least volatile stocks in CA Market||3.8%|
Stable Share Price: SRR is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: SRR's weekly volatility (6%) has been stable over the past year.
About the Company
Source Rock Royalties Ltd. acquires and manages oil and gas royalties and mineral title interests. The company has a light oil focused portfolio of royalty interests concentrated in S.E. Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan.
Source Rock Royalties Fundamentals Summary
|SRR fundamental statistics|
Is SRR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SRR income statement (TTM)|
|Cost of Revenue||CA$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.049|
|Net Profit Margin||37.78%|
How did SRR perform over the long term?See historical performance and comparison
8.7%Current Dividend Yield
Does SRR pay a reliable dividends?See SRR dividend history and benchmarks
|Source Rock Royalties dividend dates|
|Ex Dividend Date||Sep 28 2022|
|Dividend Pay Date||Oct 14 2022|
|Days until Ex dividend||1 day|
|Days until Dividend pay date||15 days|
Does SRR pay a reliable dividends?See SRR dividend history and benchmarks
Is SRR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SRR?
Other financial metrics that can be useful for relative valuation.
|What is SRR's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does SRR's PE Ratio compare to its peers?
|SRR PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
VUX Vital Energy
RZE Razor Energy
PUL Pulse Oil
TNZ Tenaz Energy
SRR Source Rock Royalties
Price-To-Earnings vs Peers: SRR is expensive based on its Price-To-Earnings Ratio (14x) compared to the peer average (4.4x).
Price to Earnings Ratio vs Industry
How does SRR's PE Ratio compare vs other companies in the CA Oil and Gas Industry?
Price-To-Earnings vs Industry: SRR is expensive based on its Price-To-Earnings Ratio (14x) compared to the Canadian Oil and Gas industry average (5.4x)
Price to Earnings Ratio vs Fair Ratio
What is SRR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||14x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SRR's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of SRR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SRR (CA$0.69) is trading below our estimate of fair value (CA$4.02)
Significantly Below Fair Value: SRR is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
Discover undervalued companies
How is Source Rock Royalties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Source Rock Royalties has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Discover growth companies
- Examine Source Rock Royalties's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Source Rock Royalties competitive advantages and company strategy can generally be found in its financial reports archived here.
How has Source Rock Royalties performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Last years revenue growth
Earnings and Revenue History
Quality Earnings: SRR has high quality earnings.
Growing Profit Margin: SRR became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SRR has become profitable over the past 5 years.
Accelerating Growth: SRR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SRR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (176.9%).
Return on Equity
High ROE: SRR's Return on Equity (8%) is considered low.
Discover strong past performing companies
How is Source Rock Royalties's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SRR's short term assets (CA$16.5M) exceed its short term liabilities (CA$1.2M).
Long Term Liabilities: SRR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SRR is debt free.
Reducing Debt: SRR has not had any debt for past 5 years.
Debt Coverage: SRR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SRR has no debt, therefore coverage of interest payments is not a concern.
Discover healthy companies
What is Source Rock Royalties's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Source Rock Royalties Dividend Yield vs Market|
|Company (Source Rock Royalties)||8.7%|
|Market Bottom 25% (CA)||2.1%|
|Market Top 25% (CA)||6.1%|
|Industry Average (Oil and Gas)||5.0%|
|Analyst forecast in 3 Years (Source Rock Royalties)||n/a|
Notable Dividend: SRR's dividend (8.7%) is higher than the bottom 25% of dividend payers in the Canadian market (2.06%).
High Dividend: SRR's dividend (8.7%) is in the top 25% of dividend payers in the Canadian market (6.13%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether SRR's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if SRR's dividend payments are increasing as they only just started paying a dividend.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (70.7%), SRR's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (63.5%), SRR's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Brad Docherty (41 yo)
Mr. Bradley Robert Docherty, also known as Brad, serves as the Chief Executive Officer and President of Exito Energy II Inc. Mr. Docherty is the Founder of Source Rock Royalties Ltd. and serves as its Chai...
CEO Compensation Analysis
|Brad Docherty's Compensation vs Source Rock Royalties Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||CA$440k||CA$240k|
Compensation vs Market: Brad's total compensation ($USD321.40K) is above average for companies of similar size in the Canadian market ($USD177.09K).
Compensation vs Earnings: Insufficient data to compare Brad's compensation with company performance.
Experienced Board: SRR's board of directors are considered experienced (9.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SRR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|21 Sep 22||BuyCA$7,400||Bradley Docherty||Individual||10,000||CA$0.74|
|21 Sep 22||BuyCA$7,320||Bradley Docherty||Individual||10,000||CA$0.74|
|01 Mar 22||BuyCA$98,560||Bradley Docherty||Individual||112,000||CA$0.88|
|01 Mar 22||BuyCA$23,408||Jordan Kevol||Individual||26,600||CA$0.88|
|01 Mar 22||BuyCA$19,536||Gary McMurren||Individual||22,200||CA$0.88|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: SRR only recently listed within the past 12 months.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Source Rock Royalties Ltd.'s employee growth, exchange listings and data sources
- Name: Source Rock Royalties Ltd.
- Ticker: SRR
- Exchange: TSXV
- Founded: 2012
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: CA$30.979m
- Shares outstanding: 44.90m
- Website: https://www.sourcerockroyalties.com
- Source Rock Royalties Ltd.
- 421 - 7th Ave S.W.
- 30th Floor
- T2P 4K9
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SRR||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Mar 2022|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
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.