Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Scully Royalty Ltd.

SRLNYSE
Wall Street Score · overall investment20/100
$4.43USD+$0.01 (+0.23%)
Company website www.scullyroyalty.com
HeadquartersOriental Center, Shanghai, 200041, CN
Financial statement currencyCAD · converted to USD at 0.711839
Financial Services · Financial - Capital Markets
Price updated todayFinancials updated Oct 22, 2026

SRL · Price history

Price at last available close

$4.42

−$0.58 (-11.60%) 1M

2026-10-27

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Company & revenue

About Scully Royalty Ltd.

Primary reporting period: 2024-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Historical reporting periodThe primary reporting period is 2024-12-31. A recent research-update date does not make those financial statements current. Read the linked subsequent disclosures and check for newer or restated accounts before comparing present-day valuation with these figures.

Who they are

Founded in 2017 and based in Central, Hong Kong, Scully Royalty Ltd. (SRL) primarily operates as an iron ore extraction business, maintaining a presence across the Americas, Africa, Canada, Asia, and Europe. The enterprise conducts its activities through three distinct divisions: Royalty, Industrial, and Merchant Banking. Significantly, SRL holds a royalty stake in the Scully iron ore mine, which is situated in Newfoundland and Labrador, Canada.

How they make money

Scully Royalty Ltd. generates revenue primarily through a royalty interest in the Scully iron ore mine in Newfoundland and Labrador, Canada. The company is entitled to a percentage of revenue from iron ore shipments and tailings, and it also engages in merchant banking and industrial operations.

Products & services

Royalty interest in iron ore mining, merchant banking solutions for small and medium-sized enterprises, and industrial real estate holdings.

Brands & revenue mix

No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

  • Mining operatorsSource
  • Small and medium-sized enterprisesSource

Customer concentration

No quantified customer-concentration disclosure is available in the current saved research.

Suppliers, materials & equipment

No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.

Strengths

  • Long-term royalty interest in the Scully iron ore mine until 2055Source

Risks

  • Dependence on the mine operator for production and royalty paymentsSource
  • Fluctuations in iron ore market pricesSource

Financial risk observations and what to check

These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2025-06-30.

Opportunity Score is currently unavailable; Wall Street Score remains independently validated.

The unavailable Opportunity Score is a separate model output. It must not be substituted with zero or inferred from the company score.

Quarterly revenue fell 26.6% versus the same quarter last year.

Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.

Quarterly EPS turned negative at -0.09 versus 0.04 a year earlier.

Separate recurring operating losses from noncash or one-time charges, and check cash flow rather than interpreting negative EPS as a cash-outflow amount.

Quarterly net income turned from a profit to a loss versus the same quarter last year.

Identify the causes in the interim report and distinguish operating cash use from accounting charges. Prior profitability is not a guarantee of recovery.

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

20

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

22

Poor

Financial Strength

53

Business Quality / Moat

0

Management

0

Growth Quality

26

Risk / Durability

20

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Model Outlook

12-month model · What does the model think happens next?

Outperformance analysis is not currently available.

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

A current Opportunity Score is not available.

The 12-month model outlook is not currently available.

What we like
  • •Balance-sheet / debt profile scores strongly
What to watch
  • •Debt service risk
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak

Company-specific research

Questions worth answering for SRL

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can SRL maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •How long can SRL fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • •Does SRL's balance between cash and debt leave enough flexibility if business conditions weaken?
  • •What specifically needs to improve for SRL to reach sustainable profitability?
  • •What future growth or profitability would be needed to justify SRL's current valuation?
Debt service risk
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

20

0–100 · Poor

Market Cap

$67.5M

P/E Ratio

-4.4

EPS

$-1.06

52-Week High

$10.39

52-Week Low

$4.21

Beta

0.63

Shares Outstanding

14.8M

Total Revenue

$59.2M

Total Debt

$28.0M

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$14.91

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
14/ 100
-5 pts / 5d

Strong downward momentum

5D -4.9% · 20D -11.6% · RSI 25 · Price vs 20D avg -8.7%
Volatility
30/ 100
-14 pts / 5d

Low movement

20D realized vol 35.7% · 60D 35.2% · Acceleration 1.01x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for SRL

Detected from reported data — verify before acting.

Debt service risk

Interest coverage is low (~-1.0x). Earnings may be strained to cover interest expense.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on SRL.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Long-term royalty interest in the Scully iron ore mine until 2055.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Financial - Capital Markets industry.
  • −Dependence on the mine operator for production and royalty payments.
  • −Fluctuations in iron ore market prices.
  • −Negative free cash flow may increase the need for outside financing and dilution.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Very Weak20/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

20

Tap for breakdown →

Strong

78

Debt Cost7.2%
Debt Reduction YoY17.0%
Debt / Equity0.12x

Tap for breakdown →

Poor

28

Revenue YoY124.4%
Revenue CAGR-24.9%
Net Margin-26.7%

Tap for breakdown →

Fair

55

Asset Growth YoY-3.2%
Liquidation/Share$14.91
Net Assets/MCap3.97x

Tap for breakdown →

Poor

0

Earnings Yield-22.3%
Buyback Yield0.0%
Debt Cost7.2%

Tap for breakdown →

Poor

0

ROIC-0.8%
ROE-7.4%
ROA-5.1%

Tap for breakdown →

Poor

0

EPS Growth—
FCF/Share Growth—
Rev/Share Growth-26.3%

Tap for breakdown →

Poor

0

Intrinsic Value—
Value Reference—
MOS—

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Poor

33

Revenue28
Moat0
Valuation0

Tap for breakdown →

Poor

0

MOS %—
Value Reference—
Deep Discount Reference—

Tap for breakdown →

Poor

12

Interest Coverage-1.0x
ROIC-0.8%
FCF Yield-31.7%

Tap for breakdown →

Poor

19

Financial12
Valuation0
Debt78

Tap for breakdown →

Poor

30

Survival Years1.3 yrs
Current Ratio4.56x
FCF Margin-85.4%

Tap for breakdown →

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Score Changes

3 historical score records available

Previous Score

20

Oct 1, 2026

Change

+0.1

points

Current Score

20

Oct 22, 2026

Category Changes

Revenue+0.8
Debt0
Assets0
Capital0
Management0
Moat0
Valuation0
Buffett+0.1

SRL increased 0.1 points because overall fundamentals improved.

Projected Score

Projected Score

18

Projected Change

-2.0 points

Preliminary comparable-period financial changes suggest decline of approximately 2.0 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Valuation unavailable

Current Price

$4.43

Model Intrinsic Value

—

Difference

—

Margin of Safety

—

Value Reference: —
Deep Discount Reference: —

Intrinsic value is not currently available for this stock, so valuation can't be calculated.

Financial Charts

Revenue

20142015201620172018201920202021202220232024$0$350M$700M$1.1B$1.4B

Additional Metrics

Operating Cash Flow

201420162018202020222024-$80M-$40M$0$40M$80M

Total Debt

201420162018202020222024$0$100M$200M$300M$400M

Total Assets

201420162018202020222024$0$350M$700M$1.1B$1.4B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2024202320222021202020192018201720162015
Revenue$59.2M$26.4M$38.4M$46.8M····························
Cost of Revenue$32.1M$16.3M$18.2M$28.8M····························
Gross Profit$27.1M$10.1M$20.2M$18.0M····························
Research & Development$0.00$0.00$0.00$0.00····························
SG&A Expenses$0.00$0.00$0.00$0.00····························
Operating Expenses$23.5M$12.0M$11.3M$12.6M····························
EBITDA$3.8M-$7.2M$14.0M-$8.7M····························
Operating Income$3.7M-$1.9M$8.9M$5.4M····························
Interest Expense$3.2M$1.9M$1.2M$1.3M····························
Income Before Tax-$9.8M-$14.2M$7.1M-$17.6M····························
Income Tax Expense$5.5M$930K$6.2M-$403K····························
Net Income-$15.8M-$15.4M$972K-$17.2M····························
Basic EPS$-1.06$-1.04$0.07$-1.16····························
Basic Shares14.95M14.82M14.82M14.81M····························
Diluted Shares14.95M14.82M14.82M14.81M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:A future estimated earnings date is not currently available.
Jun 30, 2025Q2FY2025

Revenue

$13.6M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

-$0.09

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+8.6%

Cash Change

-29.2%

Margin Change

+99.8 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Margins expanded

What Weakened

  • Cash position declined
  • Debt increased

Potential Score Impact

Positive indicators included revenue growth, net income margin. Pressure indicators included EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 5.0%. EPS declined 90.4%. Cash declined 29.2%. Total debt increased 8.6%. Net income margin improved by 99.8 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Earnings data: 486 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

Start 7-Day Free Trial

Historical Trends

3 historical records
Jul 24, 26Oct 1, 26Oct 22, 260255075100

Historical Score Chart

3 of 3 records shown

Wall Street Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Debt Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Revenue Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Asset Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Capital Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Management Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Moat Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Valuation Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Buffett Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Intrinsic Value

No data

Value Reference

No data

Margin of Safety %

No data

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News

Rumor Mill · SRL

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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