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RE Royalties
(RE)
Select Model
Select Model
Rating:48Neutral
Price Target:
C$0.28
▼(-27.11% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak financial performance: shrinking revenue, substantial losses, and high balance-sheet risk due to significant debt and negative equity. Technicals are neutral with price hovering near key moving averages and momentum indicators near mid-range, offering limited support. Valuation is mixed: the high dividend yield helps, but a negative P/E underscores that profitability remains a key issue.
Positive Factors
Royalty-based model
The royalty model can create recurring income tied to partners’ top-line sales rather than relying solely on one-time financing gains. A diversified portfolio of contractual interests could support repeatable cash inflows and allow capital to be redeployed into additional royalty investments over time.
Negative Factors
Revenue contraction
A decline of roughly 20% in trailing revenue signals weakening activity across the royalty portfolio or reduced deal-related income. Persistent top-line contraction would limit royalty collections, reduce operating leverage, and make it harder for the company to generate sustainable earnings from its existing capital base.
Read all positive and negative factors
Positive Factors
Negative Factors
Royalty-based model
The royalty model can create recurring income tied to partners’ top-line sales rather than relying solely on one-time financing gains. A diversified portfolio of contractual interests could support repeatable cash inflows and allow capital to be redeployed into additional royalty investments over time.
Read all positive factors
RE Royalties (RE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$12.19M
Dividend Yield14.29%
Average Volume (3M)17.81K
Price to Earnings (P/E)―
Beta (1Y)0.47
Revenue Growth-18.29%
EPS Growth12.84%
CountryCA
Employees9
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)-0.21
Shares Outstanding43,521,970
10 Day Avg. Volume4,693
30 Day Avg. Volume17,814
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 makes money primarily by (1) originating and acquiring royalty agreements with operating businesses and then (2) collecting ongoing royalty payments tied to those businesses’ revenue. Under a typical structure, RE Royalties provides u...
RE Royalties Earnings Call Summary
Earnings Call Date:Dec 04, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Nov 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
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.19M | 1.89M | 8.59M | 9.81M | 4.24M | 1.93M |
| Gross Profit | 804.41K | -983.22K | 7.70M | 9.45M | 3.89M | 1.63M |
| EBITDA | -4.52M | -6.48M | -5.02M | 1.52M | 1.61M | -1.01M |
| Net Income | -8.83M | -8.87M | -9.27M | -1.81M | -433.82K | -2.13M |
Balance Sheet | ||||||
| Total Assets | 30.93M | 31.63M | 53.81M | 53.98M | 42.61M | 35.19M |
| Cash, Cash Equivalents and Short-Term Investments | 1.84M | 2.75M | 16.55M | 14.44M | 7.58M | 20.10M |
| Total Debt | 34.85M | 34.60M | 44.51M | 36.28M | 21.56M | 20.60M |
| Total Liabilities | 35.82M | 35.74M | 46.81M | 36.89M | 22.22M | 20.79M |
| Stockholders Equity | -6.88M | -5.86M | 5.20M | 15.33M | 19.78M | 14.41M |
Cash Flow | ||||||
| Free Cash Flow | 4.52M | -7.41M | -8.73M | -4.68M | -12.50M | -8.92M |
| Operating Cash Flow | -995.89K | -2.60M | 2.50M | 792.29K | 141.56K | 143.31K |
| Investing Cash Flow | 8.75M | 548.32K | -1.86M | -3.59M | -17.40M | 616.21K |
| Financing Cash Flow | -12.14M | -11.39M | 1.24M | 9.87M | 4.36M | 7.64M |
RE Royalties Technical Analysis
Negative
0.38
Price Trends
0.34
Negative
0.36
Negative
0.37
Negative
Market Momentum
-0.02
Negative
34.34
Neutral
22.22
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 0.38 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.34, and above the 200-day MA of 0.37, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 34.34 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$12.19M | -1.35 | 191.75% | 14.29% | -18.29% | 12.84% | |
48 Neutral | C$26.24M | -7.71 | -90.67% | ― | ― | 43.82% | |
48 Neutral | C$19.20M | -4.66 | -72.76% | ― | -40.97% | -52.94% | |
45 Neutral | C$51.89M | -6.05 | -11.10% | ― | ― | ― | |
45 Neutral | C$23.53M | 0.42 | -226.87% | ― | -84.31% | -199.44% | |
42 Neutral | C$8.25M | -5.56 | 31.60% | ― | 7.28% | 7.69% |
* General Sector Average
TSE:RE
RE Royalties
0.28
>-0.01
-3.45%
TSE:GIP
Green Impact Partners Inc
2.35
-1.02
-30.27%
TSE:FNQ
Fineqia International
―
―
―
TSE:GRB
Greenbriar Capital
0.59
0.23
63.89%
TSE:REVV
ReVolve Renewable Power Corp
0.23
0.02
12.50%
TSE:PRME
Dominion Water Reserves
0.07
0.00
0.00%
RE Royalties Corporate Events
Business Operations and StrategyPrivate Placements and Financing
RE Royalties Adds Philippine Solar Royalty and Locks In Long-Term RNG Income
Positive
Oct 21, 2026
RE Royalties has invested US$1.5 million to acquire a gross revenue royalty on a 14.2 MW portfolio of nine operating commercial and industrial rooftop solar projects in the Philippines. The deal gives the company immediate exposure to cash-generat...
Business Operations and StrategyPrivate Placements and Financing
RE Royalties Expands Solaris Partnership with US$67.5 Million Royalty Funding Plan
Positive
Aug 6, 2026
RE Royalties has committed an additional US$1 million to purchase royalties on Solaris Energy’s portfolio of distributed generation solar projects in the U.S., bringing its total investment in Solaris to US$4.8 million across 16 projects tot...
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.