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SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Fundamental Analysis

Canada - TSX:SHLE - CA83615X4075 - Common Stock

11.79 CAD
+0.01 (+0.08%)
Last: 10/24/2025, 7:00:00 PM
Fundamental Rating

5

SHLE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 27 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 may be a bit undervalued, certainly considering the very reasonable score on growth


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

In the past year SHLE was profitable.
SHLE had a positive operating cash flow in the past year.
In multiple years SHLE reported negative net income over the last 5 years.
In the past 5 years SHLE always reported a positive cash flow from operatings.
SHLE.CA Yearly Net Income VS EBIT VS OCF VS FCFSHLE.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

1.2 Ratios

SHLE has a Return On Assets of 6.66%. This is comparable to the rest of the industry: SHLE outperforms 59.26% of its industry peers.
SHLE has a Return On Equity of 18.56%. This is in the better half of the industry: SHLE outperforms 77.78% of its industry peers.
The Return On Invested Capital of SHLE (7.49%) is comparable to the rest of the industry.
SHLE had an Average Return On Invested Capital over the past 3 years of 6.71%. This is below the industry average of 11.19%.
The last Return On Invested Capital (7.49%) for SHLE is above the 3 year average (6.71%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.66%
ROE 18.56%
ROIC 7.49%
ROA(3y)11.19%
ROA(5y)-8.84%
ROE(3y)-16.81%
ROE(5y)-196.91%
ROIC(3y)6.71%
ROIC(5y)N/A
SHLE.CA Yearly ROA, ROE, ROICSHLE.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 -400

1.3 Margins

SHLE has a Profit Margin (5.43%) which is comparable to the rest of the industry.
SHLE has a Operating Margin of 8.86%. This is comparable to the rest of the industry: SHLE outperforms 51.85% of its industry peers.
In the last couple of years the Operating Margin of SHLE has grown nicely.
SHLE has a worse Gross Margin (17.95%) than 62.96% of its industry peers.
In the last couple of years the Gross Margin of SHLE has grown nicely.
Industry RankSector Rank
OM 8.86%
PM (TTM) 5.43%
GM 17.95%
OM growth 3Y103.08%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y15.43%
GM growth 5Y10.85%
SHLE.CA Yearly Profit, Operating, Gross MarginsSHLE.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40 -60

2

2. Health

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 about the same amout of shares outstanding than it did 1 year ago.
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.
SHLE.CA Yearly Shares OutstandingSHLE.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
SHLE.CA Yearly Total Debt VS Total AssetsSHLE.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

2.2 Solvency

SHLE has an Altman-Z score of 1.50. This is a bad value and indicates that SHLE is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.50, SHLE is in line with its industry, outperforming 48.15% of the companies in the same industry.
The Debt to FCF ratio of SHLE is 4.25, which is a neutral value as it means it would take SHLE, 4.25 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 4.25, SHLE perfoms like the industry average, outperforming 51.85% of the companies in the same industry.
SHLE has a Debt/Equity ratio of 1.08. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.08, SHLE is doing worse than 74.07% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.08
Debt/FCF 4.25
Altman-Z 1.5
ROIC/WACC0.93
WACC8.05%
SHLE.CA Yearly LT Debt VS Equity VS FCFSHLE.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 1.58 indicates that SHLE should not have too much problems paying its short term obligations.
SHLE has a Current ratio of 1.58. This is comparable to the rest of the industry: SHLE outperforms 51.85% of its industry peers.
SHLE has a Quick Ratio of 1.58. 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 (1.00) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.58
Quick Ratio 1
SHLE.CA Yearly Current Assets VS Current LiabilitesSHLE.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

6

3. Growth

3.1 Past

SHLE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 30.87%, which is quite impressive.
Looking at the last year, SHLE shows a quite strong growth in Revenue. The Revenue has grown by 18.15% in the last year.
Measured over the past years, SHLE shows a quite strong growth in Revenue. The Revenue has been growing by 15.14% on average per year.
EPS 1Y (TTM)30.87%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%124.44%
Revenue 1Y (TTM)18.15%
Revenue growth 3Y28.2%
Revenue growth 5Y15.14%
Sales Q2Q%14.48%

3.2 Future

The Earnings Per Share is expected to grow by 150.69% on average over the next years. This is a very strong growth
SHLE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.71% yearly.
EPS Next Y530.83%
EPS Next 2Y150.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.25%
Revenue Next 2Y8.71%
Revenue Next 3YN/A
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.
SHLE.CA Yearly Revenue VS EstimatesSHLE.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
SHLE.CA Yearly EPS VS EstimatesSHLE.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -10 -20 -30 -40

9

4. Valuation

4.1 Price/Earnings Ratio

SHLE is valuated cheaply with a Price/Earnings ratio of 6.05.
Based on the Price/Earnings ratio, SHLE is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.91, SHLE is valued rather cheaply.
A Price/Forward Earnings ratio of 2.89 indicates a rather cheap valuation of SHLE.
100.00% of the companies in the same industry are more expensive than SHLE, based on the Price/Forward Earnings ratio.
SHLE is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.92, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 6.05
Fwd PE 2.89
SHLE.CA Price Earnings VS Forward Price EarningsSHLE.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SHLE indicates a rather cheap valuation: SHLE is cheaper than 92.59% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, SHLE is valued cheaply inside the industry as 92.59% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 2.41
EV/EBITDA 3.12
SHLE.CA Per share dataSHLE.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

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 150.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.01
PEG (5Y)N/A
EPS Next 2Y150.69%
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

No dividends for SHLE!.
Industry RankSector Rank
Dividend Yield N/A

SOURCE ENERGY SERVICES LTD

TSX:SHLE (10/24/2025, 7:00:00 PM)

11.79

+0.01 (+0.08%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)07-30 2025-07-30/amc
Earnings (Next)11-06 2025-11-06
Inst Owners10.93%
Inst Owner ChangeN/A
Ins Owners2.04%
Ins Owner ChangeN/A
Market Cap156.57M
Revenue(TTM)738.48M
Net Income(TTM)40.10M
Analysts80
Price Target17.85 (51.4%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)40.1%
Min EPS beat(2)35.64%
Max EPS beat(2)44.55%
EPS beat(4)2
Avg EPS beat(4)-53.71%
Min EPS beat(4)-287.67%
Max EPS beat(4)44.55%
EPS beat(8)4
Avg EPS beat(8)-29.1%
EPS beat(12)6
Avg EPS beat(12)281.4%
EPS beat(16)8
Avg EPS beat(16)59.92%
Revenue beat(2)1
Avg Revenue beat(2)6.26%
Min Revenue beat(2)-2.74%
Max Revenue beat(2)15.26%
Revenue beat(4)3
Avg Revenue beat(4)7.43%
Min Revenue beat(4)-2.74%
Max Revenue beat(4)15.26%
Revenue beat(8)6
Avg Revenue beat(8)8.34%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)6.06%
EPS NQ rev (1m)-24.65%
EPS NQ rev (3m)-37.79%
EPS NY rev (1m)0%
EPS NY rev (3m)20.18%
Revenue NQ rev (1m)-37.52%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.36%
Valuation
Industry RankSector Rank
PE 6.05
Fwd PE 2.89
P/S 0.21
P/FCF 2.41
P/OCF 1.4
P/B 0.72
P/tB 0.72
EV/EBITDA 3.12
EPS(TTM)1.95
EY16.54%
EPS(NY)4.09
Fwd EY34.65%
FCF(TTM)4.9
FCFY41.57%
OCF(TTM)8.44
OCFY71.63%
SpS55.61
BVpS16.27
TBVpS16.27
PEG (NY)0.01
PEG (5Y)N/A
Graham Number26.72
Profitability
Industry RankSector Rank
ROA 6.66%
ROE 18.56%
ROCE 14.06%
ROIC 7.49%
ROICexc 8.27%
ROICexgc 8.27%
OM 8.86%
PM (TTM) 5.43%
GM 17.95%
FCFM 8.81%
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-Score5
Asset Turnover1.23
Health
Industry RankSector Rank
Debt/Equity 1.08
Debt/FCF 4.25
Debt/EBITDA 1.88
Cap/Depr 79.45%
Cap/Sales 6.37%
Interest Coverage 2.42
Cash Conversion 89.97%
Profit Quality 162.32%
Current Ratio 1.58
Quick Ratio 1
Altman-Z 1.5
F-Score5
WACC8.05%
ROIC/WACC0.93
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)30.87%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%124.44%
EPS Next Y530.83%
EPS Next 2Y150.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)18.15%
Revenue growth 3Y28.2%
Revenue growth 5Y15.14%
Sales Q2Q%14.48%
Revenue Next Year13.25%
Revenue Next 2Y8.71%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-1.12%
EBIT growth 3Y160.34%
EBIT growth 5YN/A
EBIT Next Year93.5%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-18.24%
FCF growth 3Y87.51%
FCF growth 5Y25.11%
OCF growth 1Y15.52%
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 5 / 10 to SHLE.CA.


What is the valuation status of SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?

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 5 / 10.


How financially healthy is SOURCE ENERGY SERVICES LTD?

The financial health rating of SOURCE ENERGY SERVICES LTD (SHLE.CA) is 2 / 10.


What is the earnings growth outlook for SOURCE ENERGY SERVICES LTD?

The Earnings per Share (EPS) of SOURCE ENERGY SERVICES LTD (SHLE.CA) is expected to grow by 530.83% in the next year.