Sailfish Royalty (FISH) AI Stock Analysis

• Market Cap: $249.69M
• Dividend Yield: 2.2%
• Average Volume (3M): 19.39K
• Price to Earnings (P/E): 152.8
• Beta (1Y): 0.40
• Revenue Growth: 5.24%
• EPS Growth: -17.24%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.03
• Shares Outstanding: 75,665,010
• 10 Day Avg. Volume: 24,827
• 30 Day Avg. Volume: 19,395
• PEG Ratio: -0.65
• Price to Book (P/B): 2.04
• Price to Sales (P/S): 24.27
• P/FCF Ratio: -1.26K
• Enterprise Value/Market Cap: 0.68
• Enterprise Value/Revenue: 58.82
• Enterprise Value/Gross Profit: 65.40
• Enterprise Value/Ebitda: 99.34
• 1Y Price Target: $4.25
• Price Target Upside: 30.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: C$3.50 ▲(7.36% Upside)

The overall stock score of 69 reflects a strong technical outlook and positive corporate events, which are slightly offset by high valuation concerns. Financial performance shows a recovery trend, supporting the stock's potential. The absence of earnings call data limits further insights into management's outlook.

Positive Factors

Revenue Growth

Sailfish Royalty's consistent revenue growth indicates successful expansion of its royalty portfolio and effective management, enhancing long-term financial stability.

Balance Sheet Health

A low debt-to-equity ratio and high equity ratio reflect a strong capital structure, providing financial flexibility and resilience against market fluctuations.

Profitability Improvement

Improved net profit margins demonstrate effective cost control and operational efficiency, supporting sustainable profitability and shareholder value.

Negative Factors

Earnings Volatility

Significant volatility in earnings per share growth indicates potential instability in earnings, which could affect investor confidence and long-term planning.

Asset and Equity Decline

A decline in assets and equity may suggest challenges in asset management or capital allocation, potentially impacting future growth opportunities.

Cash Generation Constraints

A relatively low free cash flow to net income ratio indicates potential constraints in converting income to cash, which could limit reinvestment and dividend capabilities.

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 generates revenue primarily through royalty payments received from mining companies that operate the properties in which Sailfish holds royalty interests. These royalties are typically a percentage of the gross revenue generated from the sale of minerals extracted from the properties. In addition to direct cash flow from these royalties, the company may also benefit from any appreciation in the underlying mineral assets, as well as potential strategic partnerships with mining operators that can enhance its revenue-generating capabilities. Key revenue streams include fixed royalties, sliding-scale royalties based on production levels, and potential upfront payments from new royalty agreements. The company's financial health is also bolstered by its ability to acquire new royalty interests in promising mining projects, thus expanding its revenue base over time.

Sailfish Royalty Financial Statement Overview

Summary

Sailfish Royalty demonstrates a strong recovery in profitability and cash flows, supported by robust revenue growth and cost management. The balance sheet remains strong with low leverage, although asset and equity levels have slightly decreased. The company is on a positive trajectory, though further improvements in cash flow metrics would strengthen their financial position.

Income Statement

The income statement shows a positive trend in revenue growth, with a significant increase in total revenue from 2020 to TTM (Trailing-Twelve-Months). Gross profit margin is healthy at 71.1% for TTM, reflecting strong profitability from operations. Net profit margin has improved to 10.6% in TTM from previous losses, indicating enhanced cost control and operational efficiency. EBIT and EBITDA margins have turned positive in TTM, further supporting profitability improvements.

Balance Sheet

The balance sheet is stable with a debt-to-equity ratio of 0.12 in TTM, indicating low leverage and a strong equity position. However, there has been a slight decline in total assets and equity over the periods. The equity ratio remains robust at 86.5%, showcasing a solid capital structure. Return on equity has improved to 1.0% in TTM from negative returns, showing a return to profitability.

Cash Flow

Cash flow analysis reveals a recovery in operating cash flow, which is now positive in TTM at $270,263. Free cash flow has also turned positive, reflecting better cash management. However, the free cash flow to net income ratio is relatively low at 0.83 in TTM, indicating potential constraints in cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.91M	2.84M	2.33M	2.65M	1.48M	94.66K
Gross Profit	2.61M	1.87M	1.39M	1.38M	780.98K	31.11K
EBITDA	1.72M	2.00M	-403.14K	-591.14K	3.73M	-2.78M
Net Income	1.23M	550.03K	-1.11M	-1.21M	3.27M	-4.59M
Balance Sheet
Total Assets	39.46M	39.09M	42.79M	42.47M	48.45M	51.02M
Cash, Cash Equivalents and Short-Term Investments	3.10M	2.15M	2.55M	1.61M	3.68M	1.56M
Total Debt	0.00	4.00M	3.97M	16.60K	46.28K	3.14M
Total Liabilities	1.38M	5.32M	5.37M	1.19M	1.36M	3.44M
Stockholders Equity	38.09M	33.77M	37.42M	41.28M	47.08M	47.58M
Cash Flow
Free Cash Flow	-287.71K	-54.57K	-1.16M	-356.11K	-1.76M	-2.12M
Operating Cash Flow	712.29K	-54.57K	-1.14M	-356.11K	-1.76M	-1.83M
Investing Cash Flow	1.99M	4.27M	1.67M	3.68M	10.84M	706.84K
Financing Cash Flow	-2.87M	-4.61M	414.54K	-5.39M	-6.97M	2.41M

Sailfish Royalty Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 3.26 is above the 20-day moving average (MA) of 3.24, above the 50-day MA of 3.07, and above the 200-day MA of 2.46, indicating a bullish trend. The MACD of 0.07 indicates Positive momentum. The RSI at 51.95 is Neutral, neither overbought nor oversold. The STOCH value of 25.56 is Neutral, 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	69 Neutral	$249.69M	152.78	3.44%	2.20%	5.24%	-17.24%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
STLR	51 Neutral	C$246.45M	-8.38	-23.72%	―	―	15.32%
MAE	48 Neutral	C$235.36M	-36.14	-8.20%	―	―	37.12%
TUD	39 Underperform	C$299.36M	-60.63	-1.98%	―	―	62.97%
NCAU	38 Underperform	C$162.04M	-36.97	-5.92%	―	―	-7.14%

Sailfish Royalty Corporate Events

Sailfish Royalty Secures Gold Stream and Royalty on Mt. Hamilton Project

Sailfish Royalty Corp. has finalized its acquisition of the Mt. Hamilton Gold-Silver Project in Nevada, entering into a definitive agreement with Mako Mining Corp. for a five-year gold stream and a subsequent 2% net smelter return royalty. This strategic move enhances Sailfish’s portfolio by securing a steady gold supply and future royalties from the project, which is fully permitted for open pit, heap leach operations. The transaction is subject to customary closing conditions, including regulatory and shareholder approvals, and involves a $40 million loan to fund the acquisition.

Sailfish Royalty Corp. Reports Strong Q3 2025 Results and Strategic Acquisition

Sailfish Royalty Corp. reported strong financial results for Q3 2025, with significant increases in royalty revenue and net income compared to the previous year. The company also announced a strategic acquisition of a gold stream and royalty on the Mt. Hamilton Gold-Silver Project, enhancing its asset base and potential future revenue streams.

Sailfish Royalty Secures Gold Stream and Royalty on Mt. Hamilton Project

Sailfish Royalty Corp. has announced the acquisition of a five-year gold stream and a 2% net smelter return royalty on the Mt. Hamilton Gold-Silver Project in Nevada. This strategic move is expected to provide immediate cash flow and strengthen Sailfish’s market position, bridging the gap between current operations and future production from the Spring Valley gold mine. The transaction involves acquiring Mt. Hamilton LLC, transferring it to Mako Mining Corp., and securing a $40 million loan from Wexford Capital LP to fund the deal. The acquisition is subject to regulatory approvals and is anticipated to close by November 30, 2025.

Sailfish Royalty Declares Q3 2025 Dividend

Sailfish Royalty Corp. has announced a third quarterly cash dividend for 2025, amounting to US$0.0125 per common share, payable on October 15, 2025, to shareholders of record as of September 30, 2025. The declaration of this dividend underscores the company’s commitment to returning value to shareholders, although future dividends remain subject to board discretion and various financial considerations. This announcement reflects Sailfish’s ongoing strategy to maintain shareholder engagement and confidence in its financial health and operational strategy.