company background image
FISH

Sailfish Royalty TSXV:FISH Stock Report

Last Price

CA$0.92

Market Cap

CA$66.0m

7D

13.6%

1Y

-26.4%

Updated

01 Oct, 2022

Data

Company Financials
FISH fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

FISH Stock Overview

Sailfish Royalty Corp. operates as a precious metals royalty and streaming company in the Americas.

Sailfish Royalty Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sailfish Royalty
Historical stock prices
Current Share PriceCA$0.92
52 Week HighCA$1.65
52 Week LowCA$0.74
Beta0.51
1 Month Change-21.37%
3 Month Change-25.20%
1 Year Change-26.40%
3 Year Change-17.12%
5 Year Changen/a
Change since IPO-23.33%

Recent News & Updates

Sep 03
Calculating The Intrinsic Value Of Sailfish Royalty Corp. (CVE:FISH)

Calculating The Intrinsic Value Of Sailfish Royalty Corp. (CVE:FISH)

Today we will run through one way of estimating the intrinsic value of Sailfish Royalty Corp. ( CVE:FISH ) by taking...

Shareholder Returns

FISHCA Metals and MiningCA Market
7D13.6%7.4%-0.008%
1Y-26.4%-8.1%-6.6%

Return vs Industry: FISH underperformed the Canadian Metals and Mining industry which returned -7.9% over the past year.

Return vs Market: FISH underperformed the Canadian Market which returned -6.6% over the past year.

Price Volatility

Is FISH's price volatile compared to industry and market?
FISH volatility
FISH Average Weekly Movement7.3%
Metals and Mining Industry Average Movement11.6%
Market Average Movement10.0%
10% most volatile stocks in CA Market18.0%
10% least volatile stocks in CA Market3.8%

Stable Share Price: FISH is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: FISH's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2014n/aPaolo Lostrittohttps://www.sailfishroyalty.com

Sailfish Royalty Corp. operates as a precious metals royalty and streaming company in the Americas. The company also explores for gold and silver deposits. It holds a 3% net smelter return (NSR) on the San Albino gold project and a 2% NSR on the rest of the area surrounding San Albino in northern Nicaragua, as well as an up to 3% NSR on the Spring Valley gold project in Pershing County, Nevada.

Sailfish Royalty Fundamentals Summary

How do Sailfish Royalty's earnings and revenue compare to its market cap?
FISH fundamental statistics
Market CapCA$66.00m
Earnings (TTM)CA$2.59m
Revenue (TTM)CA$3.73m

25.5x

P/E Ratio

17.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FISH income statement (TTM)
RevenueUS$2.71m
Cost of RevenueUS$693.47k
Gross ProfitUS$2.02m
Other ExpensesUS$131.65k
EarningsUS$1.89m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.026
Gross Margin74.45%
Net Profit Margin69.60%
Debt/Equity Ratio0%

How did FISH perform over the long term?

See historical performance and comparison

Dividends

7.5%

Current Dividend Yield

195%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is FISH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FISH?

Other financial metrics that can be useful for relative valuation.

FISH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue16.9x
Enterprise Value/EBITDA-30.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does FISH's PE Ratio compare to its peers?

FISH PE Ratio vs Peers
The above table shows the PE ratio for FISH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11x
SOMA Soma Gold
15.8xn/aCA$26.4m
THX Thor Explorations
11.6x51.0%CA$150.8m
MGZ.H Mangazeya Mining
0.9xn/aCA$45.1m
DNG Dynacor Group
4.7xn/aCA$99.1m
FISH Sailfish Royalty
25.5xn/aCA$66.0m

Price-To-Earnings vs Peers: FISH is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the peer average (11x).


Price to Earnings Ratio vs Industry

How does FISH's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Earnings vs Industry: FISH is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the Canadian Metals and Mining industry average (9.2x)


Price to Earnings Ratio vs Fair Ratio

What is FISH'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.

FISH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FISH's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of FISH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FISH (CA$0.92) is trading below our estimate of fair value (CA$1.12)

Significantly Below Fair Value: FISH is trading below fair value, but not by a significant amount.


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

Future Growth

How is Sailfish Royalty forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.1%

Forecasted Materials 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 Sailfish Royalty 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 Sailfish Royalty'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.
  • Sailfish Royalty competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Sailfish Royalty performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FISH has a large one-off gain of $4.7M impacting its June 30 2022 financial results.

Growing Profit Margin: FISH became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FISH has become profitable over the past 5 years, growing earnings by -5.1% per year.

Accelerating Growth: FISH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FISH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.3%).


Return on Equity

High ROE: FISH's Return on Equity (4.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Sailfish Royalty's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FISH's short term assets ($8.4M) exceed its short term liabilities ($1.1M).

Long Term Liabilities: FISH's short term assets ($8.4M) exceed its long term liabilities ($2.6K).


Debt to Equity History and Analysis

Debt Level: FISH is debt free.

Reducing Debt: FISH currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: FISH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FISH has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Sailfish Royalty current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.46%

Current Dividend Yield

Dividend Yield vs Market

Sailfish Royalty Dividend Yield vs Market
How does Sailfish Royalty dividend yield compare to the market?
SegmentDividend Yield
Company (Sailfish Royalty)7.5%
Market Bottom 25% (CA)2.0%
Market Top 25% (CA)6.1%
Industry Average (Metals and Mining)2.6%
Analyst forecast in 3 Years (Sailfish Royalty)n/a

Notable Dividend: FISH's dividend (7.46%) is higher than the bottom 25% of dividend payers in the Canadian market (2.01%).

High Dividend: FISH's dividend (7.46%) is in the top 25% of dividend payers in the Canadian market (6.08%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether FISH's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if FISH's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (194.5%), FISH's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: FISH is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average board tenure


CEO

Paolo Lostritto

no data

Tenure

US$119,983

Compensation

Mr. Paolo Lostritto, P.Eng, serves as Chairman of the Board at Signature Resources Limited since November 09, 2020. Mr. Lostritto is a Consultant at Red Cloud Klondike Strike. Mr. Lostritto served as a Dir...


CEO Compensation Analysis

Paolo Lostritto's Compensation vs Sailfish Royalty Earnings
How has Paolo Lostritto's remuneration changed compared to Sailfish Royalty's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$2m

Mar 31 2022n/an/a

US$2m

Dec 31 2021US$120kUS$120k

US$3m

Compensation vs Market: Paolo's total compensation ($USD119.98K) is below average for companies of similar size in the Canadian market ($USD176.17K).

Compensation vs Earnings: Insufficient data to compare Paolo's compensation with company performance.


Board Members

Experienced Board: FISH's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSXV:FISH Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
22 Jun 22BuyCA$19,403Cesar GonzalezIndividual15,000CA$1.29
10 Jun 22BuyCA$20,925Cesar GonzalezIndividual15,500CA$1.35
08 Jun 22SellCA$6,656Akiba LeismanIndividual5,200CA$1.28
11 Mar 22SellCA$273,713Akiba LeismanIndividual183,700CA$1.49
21 Oct 21SellCA$151,500Akiba LeismanIndividual100,000CA$1.52
07 Oct 21BuyCA$1,035Cesar GonzalezIndividual750CA$1.38

Ownership Breakdown

What is the ownership structure of FISH?
Owner TypeNumber of SharesOwnership Percentage
Institutions1,112,0821.6%
Individual Insiders2,214,9123.1%
General Public24,483,57334.1%
Hedge Funds43,927,16261.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 8 shareholders own 65.87% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
61.23%
Wexford Capital LP
43,927,162$40.4m0%3.27%
1.81%
Akiba Leisman
1,297,802$1.2m-0.4%no data
1.12%
ETF Managers Group LLC
802,082$737.9k4%0.01%
0.87%
Cesar Gonzalez
620,721$571.1k5.17%no data
0.43%
U.S. Global Investors, Inc.
310,000$285.2k0%0.01%
0.22%
Bryan McKenzie
155,927$143.5k0%no data
0.17%
Paolo Lostritto
123,138$113.3k0%no data
0.024%
Peter Zoost
17,324$15.9k0%no data

Company Information

Sailfish Royalty Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Sailfish Royalty Corp.
  • Ticker: FISH
  • Exchange: TSXV
  • Founded: 2014
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$65.999m
  • Shares outstanding: 71.74m
  • Website: https://www.sailfishroyalty.com

Location

  • Sailfish Royalty Corp.
  • Sea Meadow House
  • PO Box 116
  • Road Town
  • Tortola
  • VG1110
  • British Virgin Islands


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FISHTSXV (TSX Venture Exchange)YesCommon SharesCACADJan 2018
SROY.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 2018

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.