Sailfish Royalty (FISH) AI Stock Analysis

• Market Cap: $144.68M
• Dividend Yield: 3.28%
• Average Volume (3M): 42.50K
• Price to Earnings (P/E): 198.1
• Beta (1Y): 0.41
• Revenue Growth: 24.33%
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Gold
• EPS (TTM): 0.03
• Shares Outstanding: 70,576,460
• 10 Day Avg. Volume: 30,217
• 30 Day Avg. Volume: 42,504
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $2.49
• Price Target Upside: 21.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Sailfish Royalty's overall score is impacted by mixed financial results, with strong profitability and balance sheet stability being offset by revenue inconsistency and cash flow issues. While technical indicators show moderate upward momentum, the high P/E ratio suggests a pricey valuation. Recent corporate events are positively received, aligning management interests with company performance.

Positive Factors

Dividend Yield

Sailfish Royalty continues to offer the leading dividend yield amongst its peers.

Revenue Growth

Despite missing expectations, Sailfish Royalty posted 76% revenue growth and breakeven EBITDA for Q3.

Share Buybacks

FISH has repurchased 1.6M shares over the last nine months, decreasing its share count by 1%.

Negative Factors

Financial Performance

Sailfish Royalty reported Q3 financial results that missed estimates due to decreased production from Mako Mining.

Market Valuation

The company is considered cheap on a P/NAV basis, trading at 0.5x P/NAV compared to small/mid-cap peers at 0.7x and large-cap peers at 1.4x, making it an attractive takeout candidate for major firms.

Production Issues

Production is expected to return to normal levels in Q4 according to Mako management.

Sailfish Royalty Business Overview & Revenue Model

Company Description

Sailfish Royalty Corp. operates as a precious metals royalty and streaming company in the Americas. The company also explores for gold and silver deposits. It holds a 3% net smelter return (NSR) on the San Albino gold project and a 2% NSR on the rest of the area surrounding San Albino in northern Nicaragua, as well as an up to 3% NSR on the Spring Valley gold project in Pershing County, Nevada. The company also holds a 1.5% NSR on El Compas, located in Zacatecas, Mexico; and a 1% NSR on La Cigarra, located in Chihuahua, Mexico, as well as holds a 100% interest in the Gavilanes Property located in Durango, Mexico. Sailfish Royalty Corp. was incorporated in 2014 and is headquartered in Road Town, the British Virgin Islands.

How the Company Makes Money

Sailfish Royalty Corp generates revenue through royalty agreements, which entitle the company to a percentage of the revenue or production from the mining operations on which it holds royalties. These agreements allow Sailfish to benefit from the production and sale of precious metals without the need to invest in or manage mining operations directly. The company's revenue streams are primarily tied to the performance of these underlying mining projects and the prevailing market prices for gold and silver. Additionally, Sailfish may engage in strategic partnerships or transactions to expand its portfolio and enhance its revenue potential, although specific partnership details are not provided.

Sailfish Royalty Financial Statement Overview

Summary

Sailfish Royalty shows a mixed financial performance. Positive net profit margin and a strong balance sheet with low leverage are offset by inconsistent revenue growth and cash flow challenges.

Income Statement

Sailfish Royalty shows mixed results in its income statement. The company achieved a positive net profit margin of 48.0% TTM, indicating profitability, but experienced inconsistent revenue growth, with a 21.2% decline from 2022 to 2023. The gross profit margin decreased slightly from 2022 to 2023 but recovered to 62.5% TTM. However, EBIT and EBITDA margins were negative in 2023, impacting overall profitability.

Balance Sheet

The balance sheet of Sailfish Royalty is relatively strong. The debt-to-equity ratio remains low at 0.12 TTM, indicating low leverage. Although the equity ratio decreased slightly, it remains high at 86.9% TTM, reflecting financial stability. Return on equity improved significantly to 3.9% TTM, showcasing better returns on shareholders' investments.

Cash Flow

Cash flow statements reveal potential challenges. Free cash flow improved slightly but remains low at $33,758 TTM. The operating cash flow to net income ratio is weak, showing limited cash conversion. Despite a positive trend in free cash flow growth, the free cash flow to net income ratio remains low, indicating cash flow constraints.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
2.33M	2.65M	1.48M	94.66K	124.23K
	Gross Profit
1.39M	1.38M	780.98K	31.11K	-26.84K
	EBIT
-1.97M	1.60M	3.15M	-2.99M	-3.07M
	EBITDA
-403.14K	-591.14K	3.73M	-2.78M	-2.93M
	Net Income Common Stockholders
-1.11M	-1.21M	3.27M	-4.59M	-3.43M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.55M	1.61M	3.68M	1.56M	274.39K
	Total Assets
42.79M	42.47M	48.45M	51.02M	50.30M
	Total Debt
3.97M	16.60K	46.28K	3.14M	11.30M
	Net Debt
1.41M	-1.59M	-3.63M	1.58M	11.02M
	Total Liabilities
5.37M	1.19M	1.36M	3.44M	11.69M
	Stockholders Equity
37.42M	41.28M	47.08M	47.58M	38.61M
Cash Flow		Free Cash Flow
-1.16M	-356.11K	-1.76M	-2.12M	-1.65M
	Operating Cash Flow
-1.14M	-356.11K	-1.76M	-1.83M	-1.65M
	Investing Cash Flow
1.67M	3.68M	10.84M	706.84K	4.39M
	Financing Cash Flow
414.54K	-5.39M	-6.97M	2.41M	-2.56M

Sailfish Royalty Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FISH, the sentiment is Positive. The current price of 2.06 is above the 20-day moving average (MA) of 1.81, above the 50-day MA of 1.70, and above the 200-day MA of 1.43, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 69.38 is Neutral, neither overbought nor oversold. The STOCH value of 81.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FISH.

Sailfish Royalty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FISH	54 Neutral	$144.68M	198.11	2.91%	3.28%	24.33%	―
Sector *	49 Neutral	$1.96B	-1.23	-21.20%	3.72%	0.95%	-28.96%

Sailfish Royalty Corporate Events

Sailfish Royalty Corp. Announces AGM Results and Strategic Stock Option Grants

Sailfish Royalty Corp. announced the successful conclusion of its annual general meeting, where shareholders approved all proposed matters. Notably, the company granted 2,075,000 incentive stock options to its directors, officers, and consultants, aiming to align their interests with long-term company performance. This strategic move is expected to enhance operational efficiency and strengthen its market position.

Sailfish Royalty Sells Gavilanes Silver Project

Sailfish Royalty Corp. has entered into a share purchase agreement with Advance Metals Limited, selling its Gavilanes Silver Project in Mexico. As part of the deal, Sailfish will receive cash, shares, and a 2.0% net smelter return royalty, along with performance rights contingent on resource milestones.

Sailfish Royalty Reports Strong Q3 2024 Results

Sailfish Royalty Corp. reported significant growth in Q3 2024 with total revenues of $730,024, a substantial increase from $413,978 in the same period last year. Despite a net loss for the quarter, the company achieved a net income of $1,151,857 for the nine months ended September 30, 2024, reflecting improved financial health year-over-year.