SOURCE ENERGY SERVICES LTD (SHLE.CA) Fundamental Analysis & Valuation
TSX:SHLE • CA83615X4075
16.91 CAD
-0.49 (-2.82%)
Last: Mar 4, 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.
Overall SHLE gets a fundamental rating of 3 out of 10. We evaluated SHLE against 27 industry peers in the Energy Equipment & Services industry. While SHLE is still in line with the averages on profitability rating, there are concerns on its financial health. SHLE is valued quite cheap, but it does not seem to be growing.
1. SHLE.CA Profitability Analysis
1.1 Basic Checks
- In the past year SHLE was profitable.
- In the past year SHLE had a positive cash flow from operations.
- In multiple years SHLE reported negative net income over the last 5 years.
- SHLE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- SHLE has a Return On Assets of 3.97%. This is comparable to the rest of the industry: SHLE outperforms 55.56% of its industry peers.
- Looking at the Return On Equity, with a value of 11.28%, SHLE is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
- With a Return On Invested Capital value of 5.70%, SHLE perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for SHLE is significantly below the industry average of 170.14%.
| 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
- The Profit Margin of SHLE (3.49%) is comparable to the rest of the industry.
- With a Operating Margin value of 7.38%, SHLE perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
- In the last couple of years the Operating Margin of SHLE has grown nicely.
- Looking at the Gross Margin, with a value of 17.41%, SHLE is doing worse than 66.67% of the companies in the same industry.
- SHLE's Gross Margin has improved in the last couple of years.
| 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SHLE is destroying value.
- Compared to 1 year ago, SHLE has about the same amount of shares outstanding.
- SHLE has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, SHLE has about the same debt to assets ratio.
2.2 Solvency
- SHLE has an Altman-Z score of 1.38. This is a bad value and indicates that SHLE is not financially healthy and even has some risk of bankruptcy.
- SHLE has a Altman-Z score (1.38) which is comparable to the rest of the industry.
- The Debt to FCF ratio of SHLE is 4.20, which is a neutral value as it means it would take SHLE, 4.20 years of fcf income to pay off all of its debts.
- With a decent Debt to FCF ratio value of 4.20, SHLE is doing good in the industry, outperforming 62.96% of the companies in the same industry.
- A Debt/Equity ratio of 1.16 is on the high side and indicates that SHLE has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 1.16, SHLE is doing worse than 81.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 4.2 | ||
| Altman-Z | 1.38 |
ROIC/WACC0.7
WACC8.1%
2.3 Liquidity
- A Current Ratio of 1.42 indicates that SHLE should not have too much problems paying its short term obligations.
- SHLE's Current ratio of 1.42 is on the low side compared to the rest of the industry. SHLE is outperformed by 66.67% 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 has a Quick ratio of 0.70. This is amonst the worse of the industry: SHLE underperforms 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.42 | ||
| Quick Ratio | 0.7 |
3. SHLE.CA Growth Analysis
3.1 Past
- SHLE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -50.83%.
- The Revenue has decreased by -0.39% in the past year.
- SHLE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.14% yearly.
EPS 1Y (TTM)-50.83%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-176.67%
Revenue 1Y (TTM)-0.39%
Revenue growth 3Y28.2%
Revenue growth 5Y15.14%
Sales Q2Q%-31.54%
3.2 Future
- Based on estimates for the next years, SHLE will show a very strong growth in Earnings Per Share. The EPS will grow by 86.97% on average per year.
- SHLE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.90% yearly.
EPS Next Y312.71%
EPS Next 2Y129.96%
EPS Next 3Y86.97%
EPS Next 5YN/A
Revenue Next Year5.02%
Revenue Next 2Y6.22%
Revenue Next 3Y5.9%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. SHLE.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 19.00 indicates a rather expensive valuation of SHLE.
- Compared to the rest of the industry, the Price/Earnings ratio of SHLE is on the same level as its industry peers.
- When comparing the Price/Earnings ratio of SHLE to the average of the S&P500 Index (27.03), we can say SHLE is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 4.92, the valuation of SHLE can be described as very cheap.
- SHLE's Price/Forward Earnings ratio is rather cheap when compared to the industry. SHLE is cheaper than 100.00% of the companies in the same industry.
- SHLE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.11.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19 | ||
| Fwd PE | 4.92 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SHLE is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of SHLE indicates a rather cheap valuation: SHLE is cheaper than 92.59% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.26 | ||
| EV/EBITDA | 4.33 |
4.3 Compensation for Growth
- SHLE's 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 86.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.06
PEG (5Y)N/A
EPS Next 2Y129.96%
EPS Next 3Y86.97%
5. SHLE.CA Dividend Analysis
5.1 Amount
- No dividends for SHLE!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
SHLE.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:SHLE (3/4/2026, 7:00:00 PM)
16.91
-0.49 (-2.82%)
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 Owners11.58%
Inst Owner ChangeN/A
Ins Owners2.05%
Ins Owner ChangeN/A
Market Cap221.18M
Revenue(TTM)680.75M
Net Income(TTM)23.73M
Analysts80
Price Target18.11 (7.1%)
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)5.97%
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)-27.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.73%
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)1.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19 | ||
| Fwd PE | 4.92 | ||
| P/S | 0.32 | ||
| P/FCF | 3.26 | ||
| P/OCF | 1.69 | ||
| P/B | 1.05 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 4.33 |
EPS(TTM)0.89
EY5.26%
EPS(NY)3.44
Fwd EY20.33%
FCF(TTM)5.19
FCFY30.71%
OCF(TTM)10.01
OCFY59.19%
SpS52.04
BVpS16.08
TBVpS16.08
PEG (NY)0.06
PEG (5Y)N/A
Graham Number17.95
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 | 1.38 |
F-Score4
WACC8.1%
ROIC/WACC0.7
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)-50.83%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-176.67%
EPS Next Y312.71%
EPS Next 2Y129.96%
EPS Next 3Y86.97%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.39%
Revenue growth 3Y28.2%
Revenue growth 5Y15.14%
Sales Q2Q%-31.54%
Revenue Next Year5.02%
Revenue Next 2Y6.22%
Revenue Next 3Y5.9%
Revenue Next 5YN/A
EBIT growth 1Y-28.76%
EBIT growth 3Y160.34%
EBIT growth 5YN/A
EBIT Next Year70.49%
EBIT Next 3Y26.44%
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 3 / 10 to SHLE.CA.
Can you provide the valuation status for SOURCE ENERGY SERVICES LTD?
ChartMill assigns a valuation rating of 7 / 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 312.71% 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%.