SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Fundamental Analysis
TSX:SHLE • CA83615X4075
17.86 CAD
+0.96 (+5.68%)
Last: Feb 11, 2026, 07:00 PM
Overall SHLE gets a fundamental rating of 3 out of 10. We evaluated SHLE against 28 industry peers in the Energy Equipment & Services industry. SHLE has a medium profitability rating, but doesn't score so well on its financial health evaluation. SHLE is valued quite cheap, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year SHLE was profitable.
- SHLE had a positive operating cash flow in the past year.
- In multiple years SHLE reported negative net income over the last 5 years.
- In the past 5 years SHLE always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.97%, SHLE is in line with its industry, outperforming 53.57% of the companies in the same industry.
- SHLE has a better Return On Equity (11.28%) than 64.29% of its industry peers.
- SHLE has a Return On Invested Capital (5.70%) which is in line with its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for SHLE is significantly below the industry average of 177.00%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.97% | ||
| ROE | 11.28% | ||
| ROIC | 5.7% |
ROA(3y)11.19%
ROA(5y)-8.84%
ROE(3y)-16.81%
ROE(5y)-196.91%
ROIC(3y)6.71%
ROIC(5y)N/A
1.3 Margins
- SHLE's Profit Margin of 3.49% is in line compared to the rest of the industry. SHLE outperforms 53.57% of its industry peers.
- The Operating Margin of SHLE (7.38%) is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of SHLE has grown nicely.
- Looking at the Gross Margin, with a value of 17.41%, SHLE is doing worse than 60.71% of the companies in the same industry.
- SHLE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.38% | ||
| PM (TTM) | 3.49% | ||
| GM | 17.41% |
OM growth 3Y103.08%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y15.43%
GM growth 5Y10.85%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SHLE is destroying value.
- The number of shares outstanding for SHLE remains at a similar level compared to 1 year ago.
- SHLE has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for SHLE has remained at the same level compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 1.39, we must say that SHLE is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of SHLE (1.39) is comparable to the rest of the industry.
- SHLE has a debt to FCF ratio of 4.20. This is a neutral value as SHLE would need 4.20 years to pay back of all of its debts.
- SHLE has a Debt to FCF ratio of 4.20. This is in the better half of the industry: SHLE outperforms 71.43% of its industry peers.
- A Debt/Equity ratio of 1.16 is on the high side and indicates that SHLE has dependencies on debt financing.
- With a Debt to Equity ratio value of 1.16, SHLE is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 4.2 | ||
| Altman-Z | 1.39 |
ROIC/WACC0.72
WACC7.89%
2.3 Liquidity
- SHLE has a Current Ratio of 1.42. This is a normal value and indicates that SHLE is financially healthy and should not expect problems in meeting its short term obligations.
- With a Current ratio value of 1.42, SHLE is not doing good in the industry: 60.71% of the companies in the same industry are doing better.
- A Quick Ratio of 0.70 indicates that SHLE may have some problems paying its short term obligations.
- The Quick ratio of SHLE (0.70) is worse than 82.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.42 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
- SHLE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -50.83%.
- Looking at the last year, SHLE shows a decrease in Revenue. The Revenue has decreased by -0.39% in the last year.
- SHLE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.14% yearly.
EPS 1Y (TTM)-50.83%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-176.67%
Revenue 1Y (TTM)-0.39%
Revenue growth 3Y28.2%
Revenue growth 5Y15.14%
Sales Q2Q%-31.54%
3.2 Future
- The Earnings Per Share is expected to grow by 86.97% on average over the next years. This is a very strong growth
- The Revenue is expected to grow by 6.59% on average over the next years.
EPS Next Y312.71%
EPS Next 2Y129.96%
EPS Next 3Y86.97%
EPS Next 5YN/A
Revenue Next Year4.76%
Revenue Next 2Y7.32%
Revenue Next 3Y6.59%
Revenue Next 5YN/A
3.3 Evolution
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 20.07 indicates a rather expensive valuation of SHLE.
- SHLE's Price/Earnings ratio is in line with the industry average.
- SHLE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.18.
- A Price/Forward Earnings ratio of 5.20 indicates a rather cheap valuation of SHLE.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of SHLE indicates a rather cheap valuation: SHLE is cheaper than 100.00% of the companies listed in the same industry.
- When comparing the Price/Forward Earnings ratio of SHLE to the average of the S&P500 Index (28.01), we can say SHLE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.07 | ||
| Fwd PE | 5.2 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SHLE is valued a bit cheaper than 75.00% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, SHLE is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.47 | ||
| EV/EBITDA | 4.41 |
4.3 Compensation for Growth
- SHLE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- SHLE's earnings are expected to grow with 86.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.06
PEG (5Y)N/A
EPS Next 2Y129.96%
EPS Next 3Y86.97%
5. Dividend
5.1 Amount
- SHLE does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TSX:SHLE (2/11/2026, 7:00:00 PM)
17.86
+0.96 (+5.68%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-06 2025-11-06/amc
Earnings (Next)02-26 2026-02-26/amc
Inst Owners11.58%
Inst Owner ChangeN/A
Ins Owners2.05%
Ins Owner ChangeN/A
Market Cap235.57M
Revenue(TTM)680.75M
Net Income(TTM)23.73M
Analysts80
Price Target18.11 (1.4%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-137.72%
Min EPS beat(2)-319.99%
Max EPS beat(2)44.55%
EPS beat(4)2
Avg EPS beat(4)-131.87%
Min EPS beat(4)-319.99%
Max EPS beat(4)44.55%
EPS beat(8)3
Avg EPS beat(8)-74.66%
EPS beat(12)5
Avg EPS beat(12)-47.39%
EPS beat(16)8
Avg EPS beat(16)205.49%
Revenue beat(2)0
Avg Revenue beat(2)-2.15%
Min Revenue beat(2)-2.74%
Max Revenue beat(2)-1.56%
Revenue beat(4)2
Avg Revenue beat(4)3.86%
Min Revenue beat(4)-2.74%
Max Revenue beat(4)15.26%
Revenue beat(8)6
Avg Revenue beat(8)8.51%
Revenue beat(12)7
Avg Revenue beat(12)5.79%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)5.97%
PT rev (3m)5.97%
EPS NQ rev (1m)-46.72%
EPS NQ rev (3m)41.3%
EPS NY rev (1m)-14.47%
EPS NY rev (3m)-34.58%
Revenue NQ rev (1m)7.73%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.07 | ||
| Fwd PE | 5.2 | ||
| P/S | 0.35 | ||
| P/FCF | 3.47 | ||
| P/OCF | 1.8 | ||
| P/B | 1.12 | ||
| P/tB | 1.12 | ||
| EV/EBITDA | 4.41 |
EPS(TTM)0.89
EY4.98%
EPS(NY)3.44
Fwd EY19.25%
FCF(TTM)5.15
FCFY28.83%
OCF(TTM)9.92
OCFY55.57%
SpS51.61
BVpS15.95
TBVpS15.95
PEG (NY)0.06
PEG (5Y)N/A
Graham Number17.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.97% | ||
| ROE | 11.28% | ||
| ROCE | 10.71% | ||
| ROIC | 5.7% | ||
| ROICexc | 6.1% | ||
| ROICexgc | 6.1% | ||
| OM | 7.38% | ||
| PM (TTM) | 3.49% | ||
| GM | 17.41% | ||
| FCFM | 9.98% |
ROA(3y)11.19%
ROA(5y)-8.84%
ROE(3y)-16.81%
ROE(5y)-196.91%
ROIC(3y)6.71%
ROIC(5y)N/A
ROICexc(3y)6.91%
ROICexc(5y)N/A
ROICexgc(3y)6.91%
ROICexgc(5y)N/A
ROCE(3y)12.6%
ROCE(5y)N/A
ROICexgc growth 3Y107.74%
ROICexgc growth 5YN/A
ROICexc growth 3Y107.74%
ROICexc growth 5YN/A
OM growth 3Y103.08%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y15.43%
GM growth 5Y10.85%
F-Score4
Asset Turnover1.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 4.2 | ||
| Debt/EBITDA | 2.19 | ||
| Cap/Depr | 103.21% | ||
| Cap/Sales | 9.25% | ||
| Interest Coverage | 1.89 | ||
| Cash Conversion | 117.62% | ||
| Profit Quality | 286.28% | ||
| Current Ratio | 1.42 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | 1.39 |
F-Score4
WACC7.89%
ROIC/WACC0.72
Cap/Depr(3y)63.97%
Cap/Depr(5y)44.19%
Cap/Sales(3y)4.71%
Cap/Sales(5y)3.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-50.83%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-176.67%
EPS Next Y312.71%
EPS Next 2Y129.96%
EPS Next 3Y86.97%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.39%
Revenue growth 3Y28.2%
Revenue growth 5Y15.14%
Sales Q2Q%-31.54%
Revenue Next Year4.76%
Revenue Next 2Y7.32%
Revenue Next 3Y6.59%
Revenue Next 5YN/A
EBIT growth 1Y-28.76%
EBIT growth 3Y160.34%
EBIT growth 5YN/A
EBIT Next Year76.46%
EBIT Next 3Y27.17%
EBIT Next 5YN/A
FCF growth 1Y11.59%
FCF growth 3Y87.51%
FCF growth 5Y25.11%
OCF growth 1Y68.89%
OCF growth 3Y88.87%
OCF growth 5Y21.41%
SOURCE ENERGY SERVICES LTD / SHLE.CA FAQ
What is the ChartMill fundamental rating of SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
ChartMill assigns a fundamental rating of 3 / 10 to SHLE.CA.
Can you provide the valuation status for SOURCE ENERGY SERVICES LTD?
ChartMill assigns a valuation rating of 7 / 10 to SOURCE ENERGY SERVICES LTD (SHLE.CA). This can be considered as Undervalued.
How profitable is SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
SOURCE ENERGY SERVICES LTD (SHLE.CA) has a profitability rating of 4 / 10.
What is the expected EPS growth for SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
The Earnings per Share (EPS) of SOURCE ENERGY SERVICES LTD (SHLE.CA) is expected to grow by 312.71% in the next year.
How sustainable is the dividend of SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
The dividend rating of SOURCE ENERGY SERVICES LTD (SHLE.CA) is 0 / 10 and the dividend payout ratio is 0%.