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Sailfish Royalty
(FISH)
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Rating:56Neutral
Price Target:
C$6.00
▲(22.45% Upside)
Action:Reiterated
Date:08/08/26
The score is driven primarily by improving but still mixed financial performance: strong recent profitability and growth are tempered by increased leverage and uneven cash conversion. Technically, the uptrend is intact but overbought indicators add near-term risk. Valuation is the largest drag due to the very high P/E despite a moderate dividend yield.
Positive Factors
Asset-light royalty/streaming model
Sailfish’s royalty/stream model is structurally durable: by financing projects for economic interests it avoids mine operating and sustaining capex, limiting margin erosion and operational risk. Over 2–6 months this supports predictable cash receipts linked to production and commodity prices and permits capital deployment into additional royalties instead of funding mine operations.
Negative Factors
Rising leverage
Leverage rising to roughly 1.0x equity materially reduces financial flexibility. With higher interest and refinancing exposure, the company has less capacity to pursue new royalty investments or absorb production hiccups, increasing structural risk over a multi-month horizon if cash flow weakens or rates stay elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light royalty/streaming model
Sailfish’s royalty/stream model is structurally durable: by financing projects for economic interests it avoids mine operating and sustaining capex, limiting margin erosion and operational risk. Over 2–6 months this supports predictable cash receipts linked to production and commodity prices and permits capital deployment into additional royalties instead of funding mine operations.
Read all positive factors
Sailfish Royalty (FISH) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$437.52M
Dividend Yield2.45%
Average Volume (3M)19.39K
Price to Earnings (P/E)163.1
Beta (1Y)0.74
Revenue Growth49.12%
EPS Growth496.61%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.02
Shares Outstanding76,892,450
10 Day Avg. Volume24,827
30 Day Avg. Volume19,395
Financial Highlights & Ratios
PEG Ratio3.28
Price to Book (P/B)4.63
Price to Sales (P/S)53.08
P/FCF Ratio118.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$4.50Price Target Upside-8.16% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.16
Revenue Forecast (FY)C$6.00M
Sailfish Royalty Business Overview & Revenue Model
Company Description
Sailfish Royalty Corp. is a precious metals royalty and streaming company primarily active in the Americas, which also undertakes exploration for gold and silver deposits. Its asset portfolio includes a 3% net smelter return (NSR) on the San Albin...
How the Company Makes Money
Sailfish Royalty makes money by acquiring mineral royalty and streaming interests that generate cash flow when the underlying mines produce and sell metals. Key revenue/cash-flow sources typically include: (1) Royalty revenue: Sailfish receives a ...
Sailfish Royalty Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
48
Neutral
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.38M | 2.84M | 2.33M | 2.65M | 1.48M |
| Gross Profit | 3.14M | 1.87M | 1.39M | 1.38M | 780.98K |
| EBITDA | 2.05M | 2.00M | -403.14K | -591.14K | 3.73M |
| Net Income | 1.71M | 550.03K | -1.11M | -1.21M | 3.27M |
Balance Sheet | |||||
| Total Assets | 81.07M | 39.09M | 42.79M | 42.47M | 48.45M |
| Cash, Cash Equivalents and Short-Term Investments | 3.21M | 2.15M | 2.55M | 1.61M | 3.68M |
| Total Debt | 40.46M | 4.00M | 3.97M | 16.60K | 46.28K |
| Total Liabilities | 42.34M | 5.32M | 5.37M | 1.19M | 1.36M |
| Stockholders Equity | 38.73M | 33.77M | 37.42M | 41.28M | 47.08M |
Cash Flow | |||||
| Free Cash Flow | 1.51M | -54.57K | -1.16M | -356.11K | -1.76M |
| Operating Cash Flow | 1.51M | -54.57K | -1.14M | -356.11K | -1.76M |
| Investing Cash Flow | -40.58M | 4.27M | 1.67M | 3.68M | 10.84M |
| Financing Cash Flow | 38.44M | -4.61M | 414.54K | -5.39M | -6.97M |
Sailfish Royalty Technical Analysis
Positive
4.90
Price Trends
4.69
Positive
4.16
Positive
3.81
Positive
Market Momentum
0.25
Negative
75.75
Negative
83.64
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 4.9 is below the 20-day moving average (MA) of 5.03, above the 50-day MA of 4.69, and above the 200-day MA of 3.81, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 75.75 is Negative, neither overbought nor oversold. The STOCH value of 83.64 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$240.42M | 24.27 | 22.15% | ― | 43.98% | ― | |
66 Neutral | C$485.92M | -15.79 | -27.43% | ― | 139.67% | -6769.23% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$437.52M | 163.07 | 5.15% | 2.86% | 49.12% | 496.61% | |
44 Neutral | C$240.23M | -12.31 | -39.77% | ― | ― | -85.28% |
* Basic Materials Sector Average
TSE:FISH
Sailfish Royalty
6.11
3.83
167.63%
TSE:TRX
Tanzanian Royalty Exploration
1.52
1.01
198.04%
TSE:OGN
Orogen Royalties
4.26
2.52
144.83%
TSE:RVG
Revival Gold
0.91
0.37
68.52%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.