SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Fundamental Analysis
TSX:SHLE • CA83615X4075
17.4 CAD
-0.04 (-0.23%)
Last: Mar 3, 2026, 07:00 PM
Overall SHLE gets a fundamental rating of 3 out of 10. We evaluated SHLE against 27 industry peers in the Energy Equipment & Services industry. While SHLE is still in line with the averages on profitability rating, there are concerns on its financial health. SHLE has a bad growth rate and is valued cheaply.
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.
- SHLE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- SHLE's Return On Assets of 3.97% is in line compared to the rest of the industry. SHLE outperforms 55.56% of its industry peers.
- With a decent Return On Equity value of 11.28%, SHLE is doing good in the industry, outperforming 66.67% of the companies in the same industry.
- SHLE's Return On Invested Capital of 5.70% is in line compared to the rest of the industry. SHLE outperforms 44.44% of its industry peers.
- SHLE had an Average Return On Invested Capital over the past 3 years of 6.71%. This is significantly below the industry average of 170.14%.
| 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
- With a Profit Margin value of 3.49%, SHLE perfoms like the industry average, outperforming 51.85% of the companies in the same industry.
- Looking at the Operating Margin, with a value of 7.38%, SHLE is in line with its industry, outperforming 44.44% of the companies in the same industry.
- In the last couple of years the Operating Margin of SHLE has grown nicely.
- With a Gross Margin value of 17.41%, SHLE is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
- In the last couple of years the Gross Margin of SHLE has grown nicely.
| 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.
- Compared to 1 year ago, SHLE has about the same amount of shares outstanding.
- SHLE has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, SHLE has about the same debt to assets ratio.
2.2 Solvency
- SHLE has an Altman-Z score of 1.38. This is a bad value and indicates that SHLE is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.38, SHLE is in line with its industry, outperforming 44.44% of the companies in the same industry.
- The Debt to FCF ratio of SHLE is 4.20, which is a neutral value as it means it would take SHLE, 4.20 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of SHLE (4.20) is better than 62.96% 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.
- Looking at the Debt to Equity ratio, with a value of 1.16, SHLE is doing worse than 81.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 4.2 | ||
| Altman-Z | 1.38 |
ROIC/WACC0.71
WACC8.08%
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.
- SHLE has a Current ratio of 1.42. This is in the lower half of the industry: SHLE underperforms 66.67% of its industry peers.
- SHLE has a Quick Ratio of 1.42. This is a bad value and indicates that SHLE is not financially healthy enough and could expect problems in meeting its short term obligations.
- SHLE has a Quick ratio of 0.70. This is amonst the worse of the industry: SHLE underperforms 88.89% 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%.
- SHLE shows a decrease in Revenue. In the last year, the revenue decreased by -0.39%.
- The Revenue has been growing by 15.14% on average over the past years. This is quite good.
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
- Based on estimates for the next years, SHLE will show a very strong growth in Earnings Per Share. The EPS will grow by 86.97% on average per year.
- Based on estimates for the next years, SHLE will show a small growth in Revenue. The Revenue will grow by 5.90% on average per year.
EPS Next Y312.71%
EPS Next 2Y129.96%
EPS Next 3Y86.97%
EPS Next 5YN/A
Revenue Next Year5.02%
Revenue Next 2Y6.22%
Revenue Next 3Y5.9%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 19.55, which indicates a rather expensive current valuation of SHLE.
- Compared to the rest of the industry, the Price/Earnings ratio of SHLE is on the same level as its industry peers.
- When comparing the Price/Earnings ratio of SHLE to the average of the S&P500 Index (26.83), we can say SHLE is valued slightly cheaper.
- A Price/Forward Earnings ratio of 5.06 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.
- SHLE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.95.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.55 | ||
| Fwd PE | 5.06 |
4.2 Price Multiples
- 77.78% of the companies in the same industry are more expensive than SHLE, based on the Enterprise Value to EBITDA ratio.
- 92.59% of the companies in the same industry are more expensive than SHLE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.35 | ||
| EV/EBITDA | 4.34 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- A more expensive valuation may be justified as SHLE's earnings are expected to grow with 86.97% in the coming years.
PEG (NY)0.06
PEG (5Y)N/A
EPS Next 2Y129.96%
EPS Next 3Y86.97%
5. Dividend
5.1 Amount
- No dividends for SHLE!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TSX:SHLE (3/3/2026, 7:00:00 PM)
17.4
-0.04 (-0.23%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-26 2026-02-26/amc
Earnings (Next)05-06 2026-05-06
Inst Owners11.58%
Inst Owner ChangeN/A
Ins Owners2.05%
Ins Owner ChangeN/A
Market Cap227.59M
Revenue(TTM)680.75M
Net Income(TTM)23.73M
Analysts80
Price Target18.11 (4.08%)
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)0%
EPS NQ rev (3m)-46.72%
EPS NY rev (1m)0%
EPS NY rev (3m)-27.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.73%
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)1.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.55 | ||
| Fwd PE | 5.06 | ||
| P/S | 0.33 | ||
| P/FCF | 3.35 | ||
| P/OCF | 1.74 | ||
| P/B | 1.08 | ||
| P/tB | 1.08 | ||
| EV/EBITDA | 4.34 |
EPS(TTM)0.89
EY5.11%
EPS(NY)3.44
Fwd EY19.76%
FCF(TTM)5.19
FCFY29.84%
OCF(TTM)10.01
OCFY57.52%
SpS52.04
BVpS16.08
TBVpS16.08
PEG (NY)0.06
PEG (5Y)N/A
Graham Number17.95
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 | 1.38 |
F-Score4
WACC8.08%
ROIC/WACC0.71
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 Year5.02%
Revenue Next 2Y6.22%
Revenue Next 3Y5.9%
Revenue Next 5YN/A
EBIT growth 1Y-28.76%
EBIT growth 3Y160.34%
EBIT growth 5YN/A
EBIT Next Year70.49%
EBIT Next 3Y26.44%
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%.