SOURCE ENERGY SERVICES LTD (SHLE.CA) Fundamental Analysis & Valuation
TSX:SHLE • CA83615X4075
16.92 CAD
-0.12 (-0.7%)
Last: Mar 6, 2026, 07:00 PM
This SHLE.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
SHLE gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 28 industry peers in the Energy Equipment & Services industry. There are concerns on the financial health of SHLE while its profitability can be described as average. SHLE is cheap, but on the other hand it scores bad on growth.
1. SHLE.CA Profitability Analysis
1.1 Basic Checks
- SHLE had positive earnings in the past year.
- SHLE had a positive operating cash flow in the past year.
- The reported net income has been mixed in the past 5 years: SHLE reported negative net income in multiple years.
- SHLE had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- SHLE's Return On Assets of 3.97% is in line compared to the rest of the industry. SHLE outperforms 57.14% of its industry peers.
- The Return On Equity of SHLE (11.28%) is better than 71.43% of its industry peers.
- With a Return On Invested Capital value of 5.70%, SHLE perfoms like the industry average, outperforming 46.43% of the companies in the same industry.
- SHLE had an Average Return On Invested Capital over the past 3 years of 6.71%. This is significantly below the industry average of 170.09%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.97% | ||
| ROE | 11.28% | ||
| ROIC | 5.7% |
ROA(3y)11.19%
ROA(5y)-8.84%
ROE(3y)-16.81%
ROE(5y)-196.91%
ROIC(3y)6.71%
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 3.49%, SHLE is in line with its industry, outperforming 53.57% of the companies in the same industry.
- SHLE has a Operating Margin (7.38%) which is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of SHLE has grown nicely.
- With a Gross Margin value of 17.41%, SHLE is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
- In the last couple of years the Gross Margin of SHLE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.38% | ||
| PM (TTM) | 3.49% | ||
| GM | 17.41% |
OM growth 3Y103.08%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y15.43%
GM growth 5Y10.85%
2. SHLE.CA Health Analysis
2.1 Basic Checks
- SHLE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- SHLE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- Based on the Altman-Z score of 1.37, we must say that SHLE is in the distress zone and has some risk of bankruptcy.
- SHLE has a Altman-Z score (1.37) which is comparable to the rest of the industry.
- SHLE has a debt to FCF ratio of 4.20. This is a neutral value as SHLE would need 4.20 years to pay back of all of its debts.
- SHLE's Debt to FCF ratio of 4.20 is fine compared to the rest of the industry. SHLE outperforms 64.29% of its industry peers.
- A Debt/Equity ratio of 1.16 is on the high side and indicates that SHLE has dependencies on debt financing.
- SHLE's Debt to Equity ratio of 1.16 is on the low side compared to the rest of the industry. SHLE is outperformed by 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 4.2 | ||
| Altman-Z | 1.37 |
ROIC/WACC0.71
WACC8.07%
2.3 Liquidity
- A Current Ratio of 1.42 indicates that SHLE should not have too much problems paying its short term obligations.
- SHLE has a worse Current ratio (1.42) than 64.29% of its industry peers.
- SHLE has a Quick Ratio of 1.42. This is a bad value and indicates that SHLE is not financially healthy enough and could expect problems in meeting its short term obligations.
- SHLE's Quick ratio of 0.70 is on the low side compared to the rest of the industry. SHLE is outperformed by 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.42 | ||
| Quick Ratio | 0.7 |
3. SHLE.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 164.62% over the past year.
EPS 1Y (TTM)164.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%123.88%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%13.49%
3.2 Future
- SHLE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 56.50% yearly.
- The Revenue is expected to grow by 5.93% on average over the next years.
EPS Next Y97.18%
EPS Next 2Y56.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.42%
Revenue Next 2Y5.93%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
4. SHLE.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 9.84 indicates a reasonable valuation of SHLE.
- SHLE's Price/Earnings ratio is rather cheap when compared to the industry. SHLE is cheaper than 89.29% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.29, SHLE is valued rather cheaply.
- SHLE is valuated cheaply with a Price/Forward Earnings ratio of 4.99.
- Based on the Price/Forward Earnings ratio, SHLE is valued cheaper than 100.00% of the companies in the same industry.
- SHLE is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.60, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.84 | ||
| Fwd PE | 4.99 |
4.2 Price Multiples
- 78.57% of the companies in the same industry are more expensive than SHLE, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, SHLE is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.26 | ||
| EV/EBITDA | 4.28 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- SHLE's earnings are expected to grow with 56.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y56.5%
EPS Next 3YN/A
5. SHLE.CA Dividend Analysis
5.1 Amount
- SHLE does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
SHLE.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:SHLE (3/6/2026, 7:00:00 PM)
16.92
-0.12 (-0.7%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-26 2026-02-26/amc
Earnings (Next)05-06 2026-05-06
Inst Owners11.52%
Inst Owner ChangeN/A
Ins Owners2.06%
Ins Owner ChangeN/A
Market Cap221.31M
Revenue(TTM)N/A
Net Income(TTM)23.73M
Analysts80
Price Target18.11 (7.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-137.72%
Min EPS beat(2)-319.99%
Max EPS beat(2)44.55%
EPS beat(4)2
Avg EPS beat(4)-131.87%
Min EPS beat(4)-319.99%
Max EPS beat(4)44.55%
EPS beat(8)3
Avg EPS beat(8)-74.66%
EPS beat(12)5
Avg EPS beat(12)-47.39%
EPS beat(16)8
Avg EPS beat(16)205.49%
Revenue beat(2)0
Avg Revenue beat(2)-2.15%
Min Revenue beat(2)-2.74%
Max Revenue beat(2)-1.56%
Revenue beat(4)2
Avg Revenue beat(4)3.86%
Min Revenue beat(4)-2.74%
Max Revenue beat(4)15.26%
Revenue beat(8)6
Avg Revenue beat(8)8.51%
Revenue beat(12)7
Avg Revenue beat(12)5.79%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)5.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-46.72%
EPS NY rev (1m)0%
EPS NY rev (3m)-14.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.73%
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.84 | ||
| Fwd PE | 4.99 | ||
| P/S | 0.33 | ||
| P/FCF | 3.26 | ||
| P/OCF | 1.69 | ||
| P/B | 1.05 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 4.28 |
EPS(TTM)1.72
EY10.17%
EPS(NY)3.39
Fwd EY20.04%
FCF(TTM)5.19
FCFY30.69%
OCF(TTM)10.01
OCFY59.15%
SpS52.04
BVpS16.08
TBVpS16.08
PEG (NY)0.1
PEG (5Y)N/A
Graham Number24.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.97% | ||
| ROE | 11.28% | ||
| ROCE | 10.71% | ||
| ROIC | 5.7% | ||
| ROICexc | 6.1% | ||
| ROICexgc | 6.1% | ||
| OM | 7.38% | ||
| PM (TTM) | 3.49% | ||
| GM | 17.41% | ||
| FCFM | 9.98% |
ROA(3y)11.19%
ROA(5y)-8.84%
ROE(3y)-16.81%
ROE(5y)-196.91%
ROIC(3y)6.71%
ROIC(5y)N/A
ROICexc(3y)6.91%
ROICexc(5y)N/A
ROICexgc(3y)6.91%
ROICexgc(5y)N/A
ROCE(3y)12.6%
ROCE(5y)N/A
ROICexgc growth 3Y107.74%
ROICexgc growth 5YN/A
ROICexc growth 3Y107.74%
ROICexc growth 5YN/A
OM growth 3Y103.08%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y15.43%
GM growth 5Y10.85%
F-Score4
Asset Turnover1.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 4.2 | ||
| Debt/EBITDA | 2.19 | ||
| Cap/Depr | 103.21% | ||
| Cap/Sales | 9.25% | ||
| Interest Coverage | 1.89 | ||
| Cash Conversion | 117.62% | ||
| Profit Quality | 286.28% | ||
| Current Ratio | 1.42 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | 1.37 |
F-Score4
WACC8.07%
ROIC/WACC0.71
Cap/Depr(3y)63.97%
Cap/Depr(5y)44.19%
Cap/Sales(3y)4.71%
Cap/Sales(5y)3.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)164.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%123.88%
EPS Next Y97.18%
EPS Next 2Y56.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%13.49%
Revenue Next Year6.42%
Revenue Next 2Y5.93%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-28.76%
EBIT growth 3Y160.34%
EBIT growth 5YN/A
EBIT Next Year70.49%
EBIT Next 3Y26.5%
EBIT Next 5YN/A
FCF growth 1Y11.59%
FCF growth 3Y87.51%
FCF growth 5Y25.11%
OCF growth 1Y68.89%
OCF growth 3Y88.87%
OCF growth 5Y21.41%
SOURCE ENERGY SERVICES LTD / SHLE.CA FAQ
What is the ChartMill fundamental rating of SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
ChartMill assigns a fundamental rating of 4 / 10 to SHLE.CA.
Can you provide the valuation status for SOURCE ENERGY SERVICES LTD?
ChartMill assigns a valuation rating of 9 / 10 to SOURCE ENERGY SERVICES LTD (SHLE.CA). This can be considered as Undervalued.
How profitable is SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
SOURCE ENERGY SERVICES LTD (SHLE.CA) has a profitability rating of 4 / 10.
What is the expected EPS growth for SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
The Earnings per Share (EPS) of SOURCE ENERGY SERVICES LTD (SHLE.CA) is expected to grow by 97.18% in the next year.
How sustainable is the dividend of SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
The dividend rating of SOURCE ENERGY SERVICES LTD (SHLE.CA) is 0 / 10 and the dividend payout ratio is 0%.