RE Royalties (TSE:RE)
:RE
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RE Royalties
(RE)
Select Model
Select Model
Rating:47Neutral
Price Target:
C$0.31
▲(3.33% Upside)
Action:ReiteratedDate:01/10/26
The score is held down primarily by poor financial performance (ongoing losses, leverage, and cash flow strain). Technical indicators provide some near-term support, and the high dividend yield helps, but valuation remains constrained by unprofitable earnings (negative P/E).
Positive Factors
Royalty-based revenue model
The royalty model generates income as financed projects produce and sell energy, creating a predictable, usage-linked revenue stream. That structure shifts operating execution risk to developers, supports steady cash receipts over project lifecycles, and remains durable as long as assets operate.
Negative Factors
Persistent operating losses
Ongoing negative net margins and recurring operating losses erode equity and limit the company's ability to self-fund growth or absorb shocks. Persistent unprofitability increases dependence on external capital and makes improving long-term returns contingent on material margin or revenue reversals.
Read all positive and negative factors
Positive Factors
Negative Factors
Royalty-based revenue model
The royalty model generates income as financed projects produce and sell energy, creating a predictable, usage-linked revenue stream. That structure shifts operating execution risk to developers, supports steady cash receipts over project lifecycles, and remains durable as long as assets operate.
Read all positive factors
RE Royalties (RE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$17.41M
Dividend Yield15.09%
Average Volume (3M)52.17K
Price to Earnings (P/E)―
Beta (1Y)0.49
Revenue Growth155.71%
EPS Growth-375.75%
CountryCA
Employees9
SectorUtilities
Sector Strength65
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)-0.02
Shares Outstanding43,521,970
10 Day Avg. Volume39,412
30 Day Avg. Volume52,175
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.58
Price to Sales (P/S)2.17
P/FCF Ratio-2.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
RE Royalties Business Overview & Revenue Model
Company Description
RE Royalties Ltd. engages in the acquisition of revenue-based royalties from renewable energy generation facilities and other clean energy technologies by providing a non-dilutive royalty financing solution to privately held and publicly traded re...
How the Company Makes Money
RE Royalties generates revenue primarily through its innovative royalty agreements, which allow the company to earn a percentage of the revenue generated by the renewable energy projects it finances. This model provides a steady income stream as t...
RE Royalties Earnings Call Summary
Earnings Call Date:Dec 04, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Neutral
The call highlighted significant new investments and a strong cash position, as well as a notable increase in EBITDA and a reduced net loss. However, there were declines in revenue and gross profit compared to the prior year.Positive Updates
Successful Completion of Series 4 Green Bonds
Raised total gross proceeds of approximately $7 million, contributing to a healthy cash balance of approximately $20 million for future opportunities.
Negative Updates
Revenue and Income Decline
Revenue and income for Q3 2024 decreased by 12% compared to the prior year, with a 14% decrease over the 9 months ending September 30, 2024, due to lower finance income and a one-time royalty buyout in the prior year.
Read all updates
Q3-2024 Updates
Positive
Negative
Successful Completion of Series 4 Green Bonds
Raised total gross proceeds of approximately $7 million, contributing to a healthy cash balance of approximately $20 million for future opportunities.
Read all positive updates
Company Guidance
During the RE Royalties Q3 2024 earnings call, the company provided guidance on their financial performance and strategic investments. They reported a decrease in revenue and income by 12% to $1.7 million for the third quarter, attributed to early loan repayments from clients. However, EBITDA increased by $2.6 million compared to the previous year, reaching $1 million, due to the absence of a prior year's $3.1 million provision for expected credit loss. The company completed significant transactions, including a $10 million loan for solar projects in the Maldives and a $3 million loan for battery storage systems in Ontario, which are expected to bolster future revenues and cash flows. As of September 30, 2024, RE Royalties held cash and cash equivalents of $18.4 million, and they are actively evaluating additional investment opportunities to enhance their project pipeline.RE Royalties Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
25
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.60M | 8.59M | 9.81M | 4.24M | 1.93M | 2.37M |
| Gross Profit | 5.88M | 7.70M | 9.45M | 3.89M | 1.63M | 2.09M |
| EBITDA | -5.62M | -5.02M | 1.52M | 1.61M | -1.01M | 124.32K |
| Net Income | -10.30M | -9.27M | -1.81M | -433.82K | -2.13M | -446.65K |
Balance Sheet | ||||||
| Total Assets | 49.53M | 53.81M | 53.98M | 42.61M | 35.19M | 27.61M |
| Cash, Cash Equivalents and Short-Term Investments | 11.71M | 16.55M | 14.44M | 7.58M | 20.10M | 11.70M |
| Total Debt | 44.33M | 44.51M | 36.28M | 21.56M | 20.60M | 10.51M |
| Total Liabilities | 45.99M | 46.81M | 36.89M | 22.22M | 20.79M | 10.60M |
| Stockholders Equity | 1.44M | 5.20M | 15.33M | 19.78M | 14.41M | 17.01M |
Cash Flow | ||||||
| Free Cash Flow | -2.73M | -8.73M | -4.68M | -12.50M | -8.92M | -3.72M |
| Operating Cash Flow | 1.87M | 2.50M | 792.29K | 141.56K | 143.31K | 908.48K |
| Investing Cash Flow | -104.17K | -1.86M | -3.59M | -17.40M | 616.21K | -2.76M |
| Financing Cash Flow | -8.63M | 1.24M | 9.87M | 4.36M | 7.64M | 9.52M |
RE Royalties Technical Analysis
Positive
0.30
Price Trends
0.37
Positive
0.32
Positive
0.34
Positive
Market Momentum
<0.01
Positive
51.26
Neutral
19.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RE, the sentiment is Positive. The current price of 0.3 is below the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.37, and below the 200-day MA of 0.34, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.26 is Neutral, neither overbought nor oversold. The STOCH value of 19.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RE.
RE Royalties Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
47 Neutral | C$17.41M | -5.25 | -136.45% | 15.09% | 155.71% | -375.75% | |
46 Neutral | C$15.09M | -5.14 | -69.20% | ― | -31.40% | -354.49% | |
45 Neutral | C$51.89M | -4.88 | -24.57% | ― | -19.22% | 11.82% | |
45 Neutral | C$8.25M | -3.70 | 59.73% | ― | 114.52% | 50.00% | |
44 Neutral | C$18.55M | -9.93 | 37.67% | ― | ― | -551.58% | |
42 Neutral | C$16.34M | -2.94 | -181.42% | ― | ― | -37.48% |
* Utilities Sector Average
TSE:RE
RE Royalties
0.40
-0.01
-2.68%
TSE:GIP
Green Impact Partners Inc
2.35
-3.35
-58.77%
TSE:FNQ
Fineqia International
0.01
0.00
0.00%
TSE:GRB
Greenbriar Capital
0.40
-0.10
-20.00%
TSE:REVV
ReVolve Renewable Power Corp
0.18
<0.01
5.88%
TSE:PRME
Dominion Water Reserves
0.06
-0.04
-38.78%
RE Royalties Corporate Events
Business Operations and StrategyExecutive/Board Changes
RE Royalties Grants Stock Options and RSUs in Annual Equity Compensation Review
Positive
Jan 19, 2026
RE Royalties Ltd. has approved its annual equity-based compensation awards, granting 1,195,000 stock options and 800,000 restricted share units to directors, officers, employees and consultants. The options, priced at CAD $0.30 and exercisable ove...
Business Operations and StrategyPrivate Placements and Financing
RE Royalties to Invest Up to US$9 Million in Solaris Distributed Solar Portfolios
Positive
Jan 7, 2026
RE Royalties Ltd. has signed a definitive agreement to invest up to US$9 million in Solaris Energy Inc., securing royalty interests over two portfolios of distributed generation solar projects across multiple U.S. states. The deal includes an init...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
RE Royalties Expands Renewable Investments and Strengthens Leadership
Positive
Dec 12, 2025
RE Royalties Ltd. has announced several strategic updates, including $50 million in letters of intent for new investments in renewable energy projects across the United States, the Maldives, and Canada. The company has extended a secured loan with...
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.