Scully Royalty (SRL) AI Stock Analysis

• Market Cap: $106.43M
• Dividend Yield: 3.83%
• Average Volume (3M): 5.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.28
• Revenue Growth: -36.67%
• EPS Growth: -1568.10%
• Country: US
• Employees: 71
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): N/A
• Shares Outstanding: 15,226,351
• 10 Day Avg. Volume: 2,062
• 30 Day Avg. Volume: 5,193
• PEG Ratio: <0.01
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 5.59
• P/FCF Ratio: -6.23
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: $9.00 ▲(26.23% Upside)

The score is held down primarily by weak financial performance, driven by contracting revenue, a large net loss, and negative operating/free cash flow, with declining cash reserves adding liquidity risk. Technicals are supportive due to strong price momentum above key moving averages, but overbought signals reduce confidence. Valuation is mixed: a moderate dividend yield helps, but a negative P/E reflects loss-making operations.

Positive Factors

Strong Equity Position

A strong equity position with a 69% equity ratio indicates financial stability and reduces reliance on debt, enhancing long-term resilience.

Diverse Asset Portfolio

A diversified asset portfolio across oil, gas, and mining sectors allows SRL to leverage market opportunities and mitigate sector-specific risks.

Partnerships with Established Operators

Strategic partnerships with established operators ensure operational efficiency and sustained production, supporting long-term revenue growth.

Negative Factors

Revenue Decline

A significant revenue decline of 35.8% indicates challenges in market demand or operational execution, impacting long-term growth potential.

Negative Cash Flow

Negative cash flow highlights operational inefficiencies and cash burn, which can strain liquidity and limit investment capacity.

Governance Dispute

Ongoing governance disputes can lead to strategic uncertainty and distract management, potentially affecting long-term decision-making and stability.

Scully Royalty Business Overview & Revenue Model

Company Description

Scully Royalty (SRL) is a resource-focused company primarily engaged in the acquisition and management of mineral and royalty interests in North America. The company's portfolio includes a diverse range of assets in the oil and gas sector, as well as in mining, which enables it to leverage market opportunities across different commodities. SRL aims to provide investors with a steady stream of income through its royalty interests while contributing to sustainable resource development.

How the Company Makes Money

Scully Royalty generates revenue primarily through the collection of royalties from its mineral and royalty interests. These royalties are earned from companies that extract oil, gas, and minerals from properties in which SRL holds interests. The company benefits from an increase in commodity prices, as higher market prices translate to increased production and, consequently, higher royalty revenues. Additionally, SRL may engage in joint ventures or partnerships with exploration and production companies, which can provide upfront payments or additional revenue-sharing agreements. Key partnerships with established operators in the resource sector further enhance SRL's potential earnings by ensuring operational efficiency and sustained production levels.

Scully Royalty Financial Statement Overview

Summary

Financials are pressured by a sharp revenue decline (from $54.9M in 2023 to $35.3M in 2024) and a swing to a large net loss ($20.59M in 2024) with negative EBITDA. Cash flow is a key weakness, with operating cash flow turning negative ($31.54M in 2024) and free cash flow negative. The balance sheet is comparatively steadier with a strong equity ratio (~69%) and low leverage, but cash reserves fell materially ($91.2M to $42.5M), raising liquidity risk.

Income Statement

Scully Royalty's income statement reveals challenges with profitability and revenue growth. The company has experienced a decline in revenue over the past year, with a significant drop from $54.9M in 2023 to $35.3M in 2024, indicating a revenue contraction of approximately 35.8%. Net income has also swung from a modest profit of $1.39M in 2023 to a substantial loss of $20.59M in 2024, severely impacting the net profit margin. The gross profit margin remains relatively strong but has not translated into bottom-line profitability due to high operating expenses. The negative EBITDA in 2024 further highlights operational inefficiencies.

Balance Sheet

The balance sheet shows a strong equity position with stockholders' equity accounting for a significant portion of total assets, reflected in an equity ratio of approximately 69%. However, the company has seen a decline in cash reserves, from $91.2M in 2023 to $42.5M in 2024, which could affect liquidity. The debt-to-equity ratio remains low, indicating limited leverage, but the reduction in equity highlights potential stability issues.

Cash Flow

Cash flow analysis indicates a concerning trend with negative operating cash flow of $31.54M in 2024, down from a positive $26.18M in 2023, which suggests operational cash flow challenges. Free cash flow has turned negative, indicating a cash burn scenario. The operating cash flow to net income ratio is unfavorable, reflecting inefficiencies in converting income into cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	40.24M	35.30M	54.94M	63.69M	71.29M	59.43M
Gross Profit	25.89M	28.24M	35.87M	33.81M	40.37M	32.56M
EBITDA	-17.49M	-9.31M	19.89M	-11.45M	30.50M	24.53M
Net Income	-12.07M	-20.59M	1.39M	-23.40M	7.56M	369.00K
Balance Sheet
Total Assets	318.09M	438.10M	452.47M	475.48M	509.97M	509.13M
Cash, Cash Equivalents and Short-Term Investments	18.58M	42.54M	91.21M	94.01M	74.13M	82.05M
Total Debt	28.79M	36.55M	44.03M	43.35M	42.34M	43.66M
Total Liabilities	91.12M	127.77M	122.80M	142.97M	137.43M	140.40M
Stockholders Equity	220.83M	302.28M	322.46M	325.16M	365.60M	361.54M
Cash Flow
Free Cash Flow	-13.08M	-31.63M	26.00M	30.16M	-7.62M	-21.50M
Operating Cash Flow	-12.90M	-31.54M	26.18M	30.64M	-6.64M	-21.27M
Investing Cash Flow	4.32M	2.76M	-6.31M	-4.68M	-971.00K	3.42M
Financing Cash Flow	-5.01M	-1.16M	-3.81M	-17.19M	-424.00K	-498.00K

Scully Royalty Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SRL, the sentiment is Positive. The current price of 7.13 is above the 20-day moving average (MA) of 7.03, above the 50-day MA of 6.38, and above the 200-day MA of 6.36, indicating a neutral trend. The MACD of 0.39 indicates Positive momentum. The RSI at 50.50 is Neutral, neither overbought nor oversold. The STOCH value of 19.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SRL.

Scully Royalty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WHG	74 Outperform	$163.33M	21.43	5.99%	3.32%	4.03%	151.19%
SIEB	72 Outperform	$139.07M	18.90	8.43%	―	8.47%	-32.22%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
DOMH	61 Neutral	$71.42M	0.81	-29.28%	―	―	―
HGBL	61 Neutral	$44.47M	14.83	4.65%	―	0.02%	-68.55%
SRL	51 Neutral	$106.43M	-54.19	―	3.83%	-36.67%	-1568.10%

Scully Royalty Corporate Events

Scully Royalty Outlines Scully Mine Recapitalization and Moves to Simplify European Banking Unit

In a management discussion and analysis for the six months ended June 30, 2025, filed on December 31, 2025, Scully Royalty Ltd. detailed the composition and performance drivers of its business, highlighting the central role of its net revenue royalty interest in the Scully iron ore mine in Newfoundland and Labrador, which generated the majority of its 2024 revenue and represents a major share of its asset base, backed by minimum annual royalty payments and production routed to the seaborne iron ore market via Quebec. The company also outlined the status of the Scully Mine’s operator, which entered restructuring proceedings in October 2023 and completed a recapitalization transaction in September 2024 involving a significant equity injection and new operating arrangements, and disclosed that in December 2025 it decided to convert its European regulated banking subsidiary into an unregulated entity, in a move aimed at streamlining costs and simplifying its corporate structure, pending regulatory approval.

The most recent analyst rating on (SRL) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on Scully Royalty stock, see the SRL Stock Forecast page.

Scully Royalty Reasserts Control as It Postpones AGM Amid MILFAM Dispute

On December 29, 2025, Scully Royalty Ltd. announced that its board of directors had postponed the company’s annual general meeting of shareholders, following an earlier December 24, 2025 notice, to allow time for a hearing before the Cayman Islands Court of Appeal regarding the validity of director nominations submitted by shareholder MILFAM LLC. The company stated it considers MILFAM’s attempt to proceed unilaterally with the meeting and install its own nominees as directors to be invalid, confirmed that the postponed meeting has not yet taken place and the current board remains in place, and urged shareholders to rely only on official company communications for information about the rescheduling—underscoring an ongoing governance dispute that may influence future control and strategic direction of the company.

The most recent analyst rating on (SRL) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on Scully Royalty stock, see the SRL Stock Forecast page.

Scully Royalty Appeals Cayman Court Ruling and Briefly Delays Annual Meeting

On December 24, 2025, Scully Royalty Ltd. said it has appealed a December 19, 2025 ruling by the Grand Court of the Cayman Islands concerning whether the director nomination notice submitted by shareholder MILFAM LLC complied with the timing requirements set out in the company’s constitutional documents. The company also postponed its annual general meeting, originally scheduled for December 27, 2025, for a short period to allow the Cayman Islands Court of Appeal to hear the case, following a recommendation from its Compensation, Nominating and Corporate Governance Committee that a brief delay would reduce uncertainty, give shareholders more time to assess MILFAM’s nominations in light of the court process, and ensure the meeting is conducted in an orderly manner with full disclosure to support informed voting.

The most recent analyst rating on (SRL) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on Scully Royalty stock, see the SRL Stock Forecast page.

Scully Royalty Ltd. Announces Annual General Meeting for December 2025

Scully Royalty Ltd., a company incorporated in the Cayman Islands, has announced its upcoming Annual General Meeting of Shareholders scheduled for December 27, 2025, in Hong Kong. The meeting will address key agenda items including the election of the board of directors and the ratification of AOGB CPA Limited as the company’s auditors for the fiscal year ending December 31, 2025. Shareholders are urged to participate in the decision-making process, with a record date set for November 24, 2025, to determine eligibility for voting. This meeting is crucial for stakeholders as it will shape the company’s governance and financial oversight for the coming year.

The most recent analyst rating on (SRL) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Scully Royalty stock, see the SRL Stock Forecast page.