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Sailfish Royalty
(FISH)
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Rating:55Neutral
Price Target:
C$6.00
▲(4.53% Upside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by weak and inconsistent cash flow versus strong reported profitability, alongside an extremely high P/E that increases downside risk if earnings normalize. Offsetting factors include a clean, low-leverage balance sheet and a generally constructive longer-term technical trend with neutral momentum.
Positive Factors
Revenue Growth and High Profitability
Strong revenue growth and very high reported margins indicate effective economics in the royalty portfolio. If supported by recurring mine-linked receipts, this profitability can provide operating leverage without the cost burden of running mines.
Negative Factors
Weak and Inconsistent Cash Conversion
Negative operating and free cash flow indicate that reported earnings are not reliably converting into liquidity. Persistent inconsistency could constrain acquisitions, distributions, and funding for growth even if accounting profitability remains strong.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and High Profitability
Strong revenue growth and very high reported margins indicate effective economics in the royalty portfolio. If supported by recurring mine-linked receipts, this profitability can provide operating leverage without the cost burden of running mines.
Read all positive factors
Sailfish Royalty (FISH) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$434.44M
Dividend Yield2.57%
Average Volume (3M)19.39K
Price to Earnings (P/E)2.2
Beta (1Y)0.83
Revenue Growth87.76%
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)1.74
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 TargetN/A
Price Target UpsideN/A
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
74
Positive
Balance Sheet
60
Neutral
Cash Flow
33
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.19M | 3.38M | 2.84M | 2.33M | 2.65M | 1.48M |
| Gross Profit | 4.86M | 3.14M | 1.87M | 1.39M | 1.38M | 780.98K |
| EBITDA | 1.66M | 2.05M | 2.00M | -403.14K | -591.14K | 3.73M |
| Net Income | 134.78M | 1.71M | 550.03K | -1.11M | -1.21M | 3.27M |
Balance Sheet | ||||||
| Total Assets | 177.38M | 81.07M | 39.09M | 42.79M | 42.47M | 48.45M |
| Cash, Cash Equivalents and Short-Term Investments | 130.58M | 3.21M | 2.15M | 2.55M | 1.61M | 3.68M |
| Total Debt | 0.00 | 40.46M | 4.00M | 3.97M | 16.60K | 46.28K |
| Total Liabilities | 7.30M | 42.34M | 5.32M | 5.37M | 1.19M | 1.36M |
| Stockholders Equity | 170.08M | 38.73M | 33.77M | 37.42M | 41.28M | 47.08M |
Cash Flow | ||||||
| Free Cash Flow | -867.65K | 1.51M | -54.57K | -1.16M | -356.11K | -1.76M |
| Operating Cash Flow | -126.58K | 1.51M | -54.57K | -1.14M | -356.11K | -1.76M |
| Investing Cash Flow | 108.54M | -40.58M | 4.27M | 1.67M | 3.68M | 10.84M |
| Financing Cash Flow | 1.06M | 38.44M | -4.61M | 414.54K | -5.39M | -6.97M |
Sailfish Royalty Technical Analysis
Neutral
5.74
Price Trends
5.16
Positive
4.50
Positive
4.03
Positive
Market Momentum
0.18
Positive
47.05
Neutral
14.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FISH, the sentiment is Neutral. The current price of 5.74 is below the 20-day moving average (MA) of 5.79, above the 50-day MA of 5.16, and above the 200-day MA of 4.03, indicating a neutral trend. The MACD of 0.18 indicates Positive momentum. The RSI at 47.05 is Neutral, neither overbought nor oversold. The STOCH value of 14.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$293.84M | 21.59 | 22.15% | ― | 58.33% | ― | |
66 Neutral | C$561.44M | -17.45 | -26.91% | ― | 139.67% | -6769.23% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$434.44M | 2.25 | 190.75% | 2.86% | 87.76% | ― | |
40 Underperform | C$253.88M | -12.59 | -39.77% | ― | ― | -85.28% |
* Basic Materials Sector Average
TSE:FISH
Sailfish Royalty
5.45
3.04
126.33%
TSE:TRX
Tanzanian Royalty Exploration
1.60
1.09
213.73%
TSE:OGN
Orogen Royalties
4.76
3.04
176.74%
TSE:RVG
Revival Gold
0.92
0.23
33.33%
Sailfish Royalty Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
Sailfish Royalty Posts Record Q2 2026 on Terraco Sale and Strong Streaming Revenue
Positive
Aug 26, 2026
Sailfish Royalty reported record second-quarter 2026 results, driven primarily by the $168 million after-tax cash proceeds from the sale of its Terraco Gold subsidiary to OR Royalties Inc. and stronger royalty and streaming performance. Revenue ne...
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.