Freehold Royalties Ltd.

OTCPK:FRHL.F Stock Report

Market Cap: US$1.5b

Freehold Royalties Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: FRHL.F ($10.05) is trading below our estimate of fair value ($23.98)

Significantly Below Fair Value: FRHL.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FRHL.F?

Key metric: As FRHL.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FRHL.F. This is calculated by dividing FRHL.F's market cap by their current earnings.
What is FRHL.F's PE Ratio?
PE Ratio15.9x
EarningsCA$132.65m
Market CapCA$2.12b

Price to Earnings Ratio vs Peers

How does FRHL.F's PE Ratio compare to its peers?

The above table shows the PE ratio for FRHL.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.2x
DMLP Dorchester Minerals
14.2xn/aUS$1.6b
KRP Kimbell Royalty Partners
33.2x32.4%US$1.5b
TALO Talos Energy
26.8x-82.6%US$2.0b
VTLE Vital Energy
2.4x-16.7%US$1.1b
FRHL.F Freehold Royalties
15.9x-0.7%US$2.1b

Price-To-Earnings vs Peers: FRHL.F is good value based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (19.2x).

Price to Earnings Ratio vs Industry

How does FRHL.F's PE Ratio compare vs other companies in the US Oil and Gas Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
BYRO.F Byron Energy
0.03x-10.3%US$312.17k
USOP.Y U.S. Oil and Gas
n/an/aUS$6.00
No more companies available in this PE range
FRHL.F 15.9xIndustry Avg. 11.8xNo. of Companies16PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FRHL.F is expensive based on its Price-To-Earnings Ratio (15.9x) compared to the US Oil and Gas industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is FRHL.F'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.

FRHL.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.9x
Fair PE Ratio8.5x

Price-To-Earnings vs Fair Ratio: FRHL.F is expensive based on its Price-To-Earnings Ratio (15.9x) compared to the estimated Fair Price-To-Earnings Ratio (8.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FRHL.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$10.05
US$12.36
+23.0%
8.2%US$15.09US$10.78n/a15
Nov ’25US$9.72
US$12.44
+28.0%
8.2%US$15.19US$10.85n/a15
Oct ’25US$10.60
US$13.00
+22.7%
7.9%US$15.54US$11.10n/a14
Sep ’25US$10.21
US$12.74
+24.8%
7.7%US$15.14US$10.81n/a14
Aug ’25US$9.87
US$12.74
+29.1%
7.7%US$15.14US$10.81n/a14
Jul ’25US$9.84
US$13.06
+32.7%
7.4%US$15.29US$10.92n/a14
Jun ’25US$10.54
US$13.06
+23.9%
7.4%US$15.29US$10.92n/a14
May ’25US$10.17
US$13.10
+28.8%
7.5%US$15.37US$10.98n/a14
Apr ’25US$10.76
US$13.25
+23.2%
7.8%US$15.57US$11.12n/a14
Mar ’25US$10.21
US$13.45
+31.7%
6.2%US$14.74US$11.79n/a13
Feb ’25US$10.30
US$13.66
+32.6%
6.2%US$14.93US$11.94n/a14
Jan ’25US$10.35
US$14.29
+38.0%
5.4%US$15.37US$12.56n/a14
Dec ’24US$10.34
US$13.83
+33.8%
7.2%US$14.86US$11.23n/a15
Nov ’24US$10.49
US$13.86
+32.1%
6.7%US$14.86US$11.60US$9.7215
Oct ’24US$10.86
US$13.86
+27.7%
6.8%US$14.66US$11.73US$10.6015
Sep ’24US$10.77
US$13.90
+29.1%
6.6%US$14.75US$11.80US$10.2115
Aug ’24US$10.55
US$14.34
+35.9%
9.2%US$18.06US$12.04US$9.8715
Jul ’24US$10.13
US$14.63
+44.4%
6.2%US$15.85US$12.83US$9.8415
Jun ’24US$10.33
US$14.43
+39.7%
8.3%US$17.63US$12.49US$10.5416
May ’24US$10.84
US$14.60
+34.7%
8.6%US$17.73US$12.56US$10.1716
Apr ’24US$10.67
US$14.96
+40.2%
7.7%US$17.69US$12.53US$10.7616
Mar ’24US$11.53
US$15.18
+31.7%
9.8%US$20.08US$13.39US$10.2116
Feb ’24US$11.65
US$15.38
+32.1%
9.7%US$20.29US$13.53US$10.3016
Jan ’24US$11.68
US$15.08
+29.1%
9.3%US$19.77US$13.18US$10.3516
Dec ’23US$12.37
US$15.58
+25.9%
9.2%US$20.36US$13.57US$10.3416
Nov ’23US$12.49
US$14.73
+17.9%
11.0%US$19.80US$12.10US$10.4916

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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