Professional
Added to YB: 2025-05-05
Pitch date: 2025-05-01
SRR.V [neutral]
Source Rock Royalties Ltd.
+30.06%
current return
Author Info
Atrium Research provides institutional quality research on underfollowed public equities. Sign up for the newsletter.
Company Info
Source Rock Royalties Ltd. engages as an oil and gas royalty company in Canada. The company is also involved in acquiring and managing oil and gas royalties and mineral title interests.
Market Cap
CAD 45.6M
Pitch Price
CAD 0.76
Price Target
N/A
Dividend
7.80%
EV/EBITDA
8.98
P/E
35.71
EV/Sales
6.87
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Source Rock Royalties – Consistent Returns Backed by Strong Fundamentals
SRR.V (overview): Oil & gas royalty co pays 9% dividend (58% payout ratio) growing at 2.5% CAGR since 2014. 16% prod CAGR, 22% EBITDA CAGR since 2021. Trades at 4.9x EBITDA vs peers at 11.3x. $5M cash, no debt. CN Rail Pension owns 20%, mgmt 10%. Key risk: oil price volatility. Catalyst: new royalty acquisitions.
Read full article (10 min)