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Freehold Royalties Ltd.

Company price
16.51 CAD -0.59 ( 3.45%)
Last update at 2026-11-04T20:28:00Z
VOLUME
797835
Market Cap
2779.13M
P/E
30.27

Momentum Score

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Freehold Royalties Ltd. acquires and manages royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Canada and the United States. The company was founded in 1996 and is headquartered in Calgary, Canada.

Source: TradingView
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Day Price Range
16.47
Low
17.02
High
52 Week Price Range
10.37
Low
18.13
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Freehold Royalties Ltd. holds oil and gas royalty and mineral interests in Western Canada and receives cash royalties from production operated by third parties. Long-term growth may be supported by organic production from existing assets, drilling by acreage operators, selective acquisitions and higher commodity prices, and may appeal to income-oriented investors seeking commodity exposure with lower operating risk.

Key risks include commodity price volatility, declining underlying reserves and production, concentration of operators and counterparty credit exposure, and regulatory or environmental policy changes that could reduce activity or increase costs.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
17.10
Dividend Yield
6.44%
Revenue TTM
313.46M
Revenue Per Share
1.91
Gross Profit TTM
301.08M
Debt / Equity
0.29
ROE
8.75%
Net Debt
284.65M
ROCE
12.46%
Diluted EPS TTM
0.56

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 123.60M 191.36M 172.44M 269.02M 94.81M
Net income 91.78M 149.45M 131.90M 209.19M 72.08M
Selling general administrative 26.04M 19.27M 16.03M 22.31M 18.89M
Selling and marketing expenses - - 3.05M - -
Gross profit 197.29M 199.06M 305.08M 281.72M 118.17M
Reconciled depreciation 108.50M 101.41M 96.62M 102.61M 88.03M
Ebit 166.45M 206.77M 182.55M 257.57M 98.53M
Ebitda 274.95M 308.18M 279.34M 360.19M 186.56M
Depreciation and amortization 108.50M 101.41M 96.79M 102.61M 88.03M
Operating income 166.45M 178.43M 286.00M 257.57M 98.53M
Other operating expenses 147.01M 131.05M 28.58M 134.66M 107.66M
Interest expense 18.38M 15.42M 10.28M 6.03M 3.38M
Tax provision 31.82M 41.91M 40.53M 59.84M 22.73M
Interest income - 13.26M 16.77M 11.45M 3.72M
Net interest income -18.38M -15.42M -10.28M -6.03M -3.38M
Income tax expense 31.82M 41.91M 40.53M 59.84M 22.73M
Total revenue 313.46M 309.48M 314.57M 393.02M 206.19M
Total operating expenses 30.85M 20.63M 19.08M 23.36M 19.63M
Cost of revenue 116.17M 110.42M 9.50M 111.30M 88.03M
Total other income expense net -42.84M 12.93M -113.56M 11.45M -3.72M
Net income from continuing ops 91.78M 149.45M 131.90M 209.19M 72.08M
Net income applicable to common shares - 149.45M 131.90M 209.19M 72.08M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 1371.07M 1482.47M 1118.42M 1212.00M 1070.51M
Other current assets - - 12.09M 21.91M 14.71M
Total liab 372.68M 383.02M 194.66M 251.66M 179.54M
Total stockholder equity 998.39M 1099.45M 923.76M 960.34M 890.97M
Other current liab 30.78M - 20.98M 47.22M 13.07M
Common stock 1667.80M - 1500.64M 1500.33M 1499.54M
Capital stock 1667.80M 1667.80M 1500.64M 1500.33M 1499.54M
Retained earnings -680.77M -595.48M -580.99M -550.16M -613.23M
Other liab - - - 42.16M 13.49M
Other assets - - - - 0.00M
Cash - 0.00M -1.62M 0.52M 2.19M
Total current liabilities 35.71M 34.19M 26.09M 51.43M 18.43M
Net debt 284.65M 300.85M 126.20M 157.75M 145.62M
Short term debt 0.36M - 0.24M 0.20M 0.20M
Short long term debt total 284.65M - 124.59M 158.28M 147.81M
Other stockholder equity - - - 10.17M 4.52M
Property plant equipment - - - 1131.92M 1007.30M
Total current assets 50.32M 52.78M 55.41M 80.08M 63.20M
Net tangible assets - - - 960.34M 890.97M
Net receivables 50.32M 48.40M 43.33M 57.65M 46.30M
Long term debt 282.85M 300.85M 122.97M 156.56M 146.00M
Inventory - - 1.62M - -
Accounts payable 4.57M 6.90M 4.88M 4.02M 5.16M
Accumulated other comprehensive income 11.36M - 4.11M 10.17M 0.13M
Non currrent assets other 176.50M - 29.27M - -
Non current assets total 1320.75M 1429.69M 1063.01M 1131.92M 1007.30M
Capital lease obligations 1.80M 1.46M 1.62M 1.72M 1.81M
Long term debt total - - - 158.08M 147.62M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -400.37M -21.18M -191.18M -376.61M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities -42.11M -400.37M -21.18M -191.18M -376.61M
Net borrowings -15.23M 175.99M -33.51M 3.52M 52.80M
Total cash from financing activities -193.27M 177.03M -196.24M -138.08M 215.78M
Change to operating activities - - - 10.85M -27.63M
Net income 91.78M 149.45M 131.90M 209.19M 72.08M
Change in cash 0.00M 0.00M -0.52M -1.67M 1.16M
Begin period cash flow 0.00M 0.00M 0.52M 2.19M 1.03M
End period cash flow 0.00M 0.00M 0.00M 0.52M 2.19M
Total cash from operating activities 235.38M 223.33M 216.92M 327.35M 162.02M
Issuance of capital stock - - - 0.00M 233.26M
Depreciation 108.50M 101.41M 103.28M 102.61M 88.03M
Other cashflows from investing activities -0.27M 11.35M -10.53M -191.18M 0.39M
Dividends paid 177.08M -162.75M -162.73M 141.60M 61.97M
Sale purchase of stock - 165.48M - 0.00M 233.26M
Other cashflows from financing activities -1.23M -1.69M -0.00M 3.71M 44.68M
Change to netincome - - - 4.60M 29.43M
Capital expenditures 44.13M 411.72M 10.65M 190.79M 377.00M
Change in working capital 0.80M -7.64M -22.75M 10.85M -27.63M
Stock based compensation 6.92M 2.93M 3.05M 8.34M 7.07M
Other non cash items 27.29M 66.87M -3.64M -23.41M -0.26M
Free cash flow 191.25M -188.38M 206.27M 327.35M 162.02M

Peer Comparison*

Sector: Energy Industry: Oil & Gas E&P

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
FRU
Freehold Royalties Ltd.
-0.59
3.45%
16.51 30.27 14.41 8.87 2.76 9.71 12.16
CNQ
Canadian Natural Resources Ltd
-5.28
7.04%
69.69 11.45 12.38 3.26 2.78 3.15 6.36
OXY
Occidental Petroleum CDR (CAD Hedged)
-1.25
4.99%
23.78 42.29 13.11 2.65 2.04 3.96 7.33
TOU
Tourmaline Oil Corp.
-3.17
4.78%
63.11 87.74 15.80 5.03 1.50 3.97 7.33
OVV
Ovintiv Inc
-4.95
5.32%
88.02 11.06 7.80 2.46 1.34 2.39 6.40

Profile*

Freehold Royalties Ltd.

Freehold Royalties Ltd. acquires and manages royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Canada and the United States. The company was founded in 1996 and is headquartered in Calgary, Canada.

517?10th Avenue Southwest, Calgary, AB, Canada, T2R 0A8

403-221-0802

Name Title Year Born
Mr. David Michael Spyker Pres, CEO & Director 1964
Mr. David Warren Hendry VP of Fin. & CFO NA
Mr. Robert Alexander King Vice-Pres of Bus. Devel. NA
Matt J. Donohue Mang. of Investor Relations & Capital Markets NA
Ms. Karen C. Taylor Corp. Sec. NA
Mr. Michael J. Mogan Controller NA
Mr. David Michael Spyker President, CEO & Director 1964
Mr. David Warren Hendry VP of Finance & CFO NA
Mr. Robert Alexander King Chief Operating Officer NA
Ms. Susan J. Nagy Vice President of Business Development NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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