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RE Royalties
(RE)
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Select Model
Rating:45Neutral
Price Target:
C$0.32
▲(7.33% Upside)
Action:Reiterated
Date:06/19/26
The score is held down primarily by weak financial performance—sharp TTM revenue decline, large losses, negative free cash flow, and negative equity with high debt. Technicals also point to bearish momentum with the stock trading below key moving averages and a negative MACD. The main offset is a very high dividend yield, though losses make valuation support less reliable.
Positive Factors
Royalty financing model
The company’s royalty financing model generates recurring cash flows tied to counterparties’ revenue rather than operating businesses directly. That structure creates durable, contractually defined income streams, limiting operating risk and enabling scalable portfolio growth over months to years.
Negative Factors
Sharp revenue decline
A ~27% TTM revenue decline materially reduces royalty inflows and undermines the core recurring cash generation model. Sustained top-line deterioration weakens the predictability of royalties, limits reinvestment capacity, and elevates execution risk for portfolio growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Royalty financing model
The company’s royalty financing model generates recurring cash flows tied to counterparties’ revenue rather than operating businesses directly. That structure creates durable, contractually defined income streams, limiting operating risk and enabling scalable portfolio growth over months to years.
Read all positive factors
RE Royalties (RE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$15.89M
Dividend Yield15.09%
Average Volume (3M)52.17K
Price to Earnings (P/E)―
Beta (1Y)0.39
Revenue Growth-6.20%
EPS Growth7.13%
CountryCA
Employees9
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-0.23
Shares Outstanding43,521,970
10 Day Avg. Volume39,412
30 Day Avg. Volume52,175
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)-1.85
Price to Sales (P/S)5.73
P/FCF Ratio-1.46
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. offers a distinctive, non-dilutive royalty financing solution to both privately held and publicly traded companies operating in renewable energy generation, development, and clean technology. The company's business model involves...
How the Company Makes Money
RE Royalties primarily makes money by deploying capital (e.g., through royalty financing arrangements or by acquiring existing royalty interests) in return for ongoing cash payments that are typically calculated as a percentage of a counterparty’s...
RE Royalties Earnings Call Summary
Earnings Call Date:Dec 04, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Sep 02, 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
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
14
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.89M | 8.59M | 9.81M | 4.24M | 1.93M |
| Gross Profit | -983.22K | 7.70M | 9.45M | 3.89M | 1.63M |
| EBITDA | -6.48M | -5.02M | 1.52M | 1.61M | -1.01M |
| Net Income | -8.87M | -9.27M | -1.81M | -433.82K | -2.13M |
Balance Sheet | |||||
| Total Assets | 31.63M | 53.81M | 53.98M | 42.61M | 35.19M |
| Cash, Cash Equivalents and Short-Term Investments | 2.75M | 16.55M | 14.44M | 7.58M | 20.10M |
| Total Debt | 34.60M | 44.51M | 36.28M | 21.56M | 20.60M |
| Total Liabilities | 35.74M | 46.81M | 36.89M | 22.22M | 20.79M |
| Stockholders Equity | -5.86M | 5.20M | 15.33M | 19.78M | 14.41M |
Cash Flow | |||||
| Free Cash Flow | -7.41M | -8.73M | -4.68M | -12.50M | -8.92M |
| Operating Cash Flow | -2.60M | 2.50M | 792.29K | 141.56K | 143.31K |
| Investing Cash Flow | 548.32K | -1.86M | -3.59M | -17.40M | 616.21K |
| Financing Cash Flow | -11.39M | 1.24M | 9.87M | 4.36M | 7.64M |
RE Royalties Technical Analysis
Negative
0.30
Price Trends
0.38
Negative
0.38
Negative
0.34
Positive
Market Momentum
>-0.01
Negative
48.56
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RE, the sentiment is Negative. The current price of 0.3 is below the 20-day moving average (MA) of 0.37, below the 50-day MA of 0.38, and below the 200-day MA of 0.34, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.56 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
46 Neutral | C$14.67M | -4.66 | -69.20% | ― | -66.21% | -378.27% | |
45 Neutral | C$15.89M | -1.64 | -136.45% | 15.09% | -6.20% | 7.13% | |
45 Neutral | C$51.89M | -3.60 | -24.57% | ― | -19.22% | 11.82% | |
44 Neutral | C$8.25M | -3.79 | 59.73% | ― | -4.23% | 27.78% | |
44 Neutral | C$29.55M | -16.67 | -181.42% | ― | ― | 71.49% | |
44 Neutral | C$13.91M | -0.97 | 37.67% | ― | -84.31% | -199.44% |
* Utilities Sector Average
TSE:RE
RE Royalties
0.37
-0.06
-14.75%
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-38.48%
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―
―
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RE Royalties Corporate Events
Business Operations and Strategy
RE Royalties Launches Strategic Review to Maximize Shareholder Value
Positive
Mar 30, 2026
RE Royalties Ltd. has launched a formal strategic review to explore options to maximize shareholder value as it enters its 11th year of operations, mandating a special board committee to assess potential paths, including a sale, partnerships, or c...
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.