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RE Royalties Ltd. engages in the acquisition of revenue-based royalties from renewable energy and clean technology companies by providing a non-dilutive royalty financing solution to privately held and publicly traded companies. As of December 31, 2024, it owned a portfolio of 106 royalties on solar, wind, hydro, battery storage, energy efficiency, and renewable natural gas projects in Canada, Mexico, Chile, and the United States. The company was founded in 2016 and is based in Vancouver, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
RE Royalties Ltd. is a Canada-listed firm that appears to acquire and manage royalty and streaming interests in mining and natural resource projects to provide non-dilutive financing. Long-term growth may come from new royalty acquisitions, production gains at underlying assets and higher commodity prices, which could support royalty cash flows and attract investors seeking resource-linked, contractually defined revenue exposure. Material risks include commodity price volatility, counterparty concentration, development risk at underlying projects and execution or financing risk when sourcing accretive royalties.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Income before tax | -8.90M | -1.57M | -0.73M | -2.13M | -0.45M |
| Net income | -9.27M | -1.81M | -0.73M | -2.13M | -0.45M |
| Selling general administrative | 3.17M | 2.92M | 1.96M | 2.68M | 1.19M |
| Selling and marketing expenses | - | - | 0.34M | - | - |
| Gross profit | 7.70M | 9.45M | 0.52M | 1.63M | 1.55M |
| Reconciled depreciation | 0.82M | 0.37M | 0.36M | 0.30M | 0.28M |
| Ebit | - | - | -1.95M | - | - |
| Ebitda | - | - | -1.58M | -1.04M | 0.12M |
| Depreciation and amortization | - | - | 0.36M | - | - |
| Operating income | -4.73M | 2.03M | -1.95M | -1.06M | 0.36M |
| Other operating expenses | - | - | 2.81M | 0.53M | 0.36M |
| Interest expense | 3.06M | 2.71M | 1.47M | 0.78M | 0.29M |
| Tax provision | 0.37M | 0.24M | 0.21M | - | - |
| Net interest income | -3.88M | -3.43M | -1.87M | -1.03M | -0.37M |
| Income tax expense | - | - | 0.21M | - | - |
| Total revenue | 8.59M | 9.81M | 0.87M | 1.93M | 2.37M |
| Total operating expenses | 13.32M | 7.78M | 2.45M | 2.98M | 2.01M |
| Cost of revenue | 0.89M | 0.35M | 0.34M | 0.29M | 0.82M |
| Total other income expense net | -0.29M | -0.17M | 1.22M | -0.05M | -0.44M |
| Net income from continuing ops | -9.27M | -1.81M | -0.43M | -2.13M | -0.45M |
| Net income applicable to common shares | - | - | - | - | -0.45M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 53.81M | 53.98M | 42.61M | 35.19M | 27.61M |
| Intangible assets | 3.54M | - | - | - | - |
| Other current assets | - | - | 10.34M | 0.35M | 0.18M |
| Total liab | 46.81M | 36.89M | 22.22M | 20.79M | 10.60M |
| Total stockholder equity | 5.20M | 15.33M | 19.78M | 14.41M | 17.01M |
| Other current liab | - | - | 0.08M | - | - |
| Common stock | - | - | 30.28M | - | 23.16M |
| Capital stock | 30.42M | 30.36M | 30.28M | 23.16M | 23.16M |
| Retained earnings | -28.67M | -17.59M | -12.74M | -10.49M | -7.02M |
| Cash | 16.55M | 14.44M | 7.58M | 20.10M | 2.62M |
| Total current liabilities | 11.48M | 0.53M | 2.60M | 0.20M | 0.09M |
| Current deferred revenue | - | - | 0.08M | - | - |
| Net debt | 27.93M | 21.79M | 13.98M | 0.41M | 7.89M |
| Short term debt | - | - | 2.06M | - | - |
| Short long term debt | 10.19M | - | 2.05M | - | - |
| Short long term debt total | - | - | 21.56M | - | - |
| Other stockholder equity | - | - | - | - | 0.87M |
| Total current assets | 30.29M | 34.13M | 18.67M | 21.13M | 27.61M |
| Long term investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net tangible assets | - | - | - | - | 17.01M |
| Net receivables | - | - | 0.75M | 14.57M | 15.72M |
| Long term debt | 34.28M | 36.23M | 19.44M | 20.52M | 10.51M |
| Accounts payable | 1.07M | 0.49M | 0.37M | 0.16M | 0.08M |
| Accumulated other comprehensive income | - | - | 2.24M | - | - |
| Non currrent assets other | - | - | 0.19M | - | - |
| Non current assets total | 23.52M | 19.85M | 23.94M | 14.07M | 8.30M |
| Capital lease obligations | 0.03M | 0.05M | 0.07M | 0.09M | - |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Investments | -1.86M | -3.59M | -21.58M | 0.62M | -2.76M |
| Change to liabilities | - | - | - | - | 0.03M |
| Total cashflows from investing activities | - | - | - | - | -2.76M |
| Net borrowings | -0.03M | -1.66M | -0.02M | - | 10.61M |
| Total cash from financing activities | 1.24M | 9.87M | 5.71M | 7.64M | 9.52M |
| Change to operating activities | - | - | - | - | 0.40M |
| Net income | -9.27M | -1.81M | -0.73M | -2.13M | -0.45M |
| Change in cash | 1.89M | 7.07M | -12.52M | 8.40M | 7.66M |
| Begin period cash flow | 14.44M | 7.58M | 20.10M | 11.70M | 4.05M |
| End period cash flow | 16.55M | 14.44M | 7.58M | 20.10M | 11.70M |
| Total cash from operating activities | 2.50M | 0.79M | -1.22M | 0.14M | 0.91M |
| Issuance of capital stock | 6.28M | 16.55M | 7.30M | - | - |
| Depreciation | - | 0.02M | 0.36M | 0.01M | 0.28M |
| Dividends paid | -1.73M | -1.73M | 1.53M | -1.33M | -1.30M |
| Change to account receivables | -0.39M | -0.27M | -0.05M | - | - |
| Other cashflows from financing activities | - | - | -0.04M | - | -0.13M |
| Change to netincome | - | - | - | - | 0.65M |
| Capital expenditures | 11.23M | 5.47M | 12.64M | 9.06M | 4.63M |
| Change in working capital | -0.32M | -1.13M | 0.17M | -0.19M | 0.42M |
| Stock based compensation | 0.14M | 0.40M | 0.09M | 0.85M | 0.01M |
| Other non cash items | 1.10M | -1.47M | -1.24M | 1.03M | -0.06M |
| Free cash flow | -8.73M | -4.68M | -13.86M | -8.92M | -3.72M |
Sector: Utilities Industry: Utilities - Renewable
|
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) |
|---|---|---|---|---|---|---|---|---|
| RE RE Royalties Ltd |
- -% |
0.28 | - | - | 6.05 | 11.17 | 5.54 | 129.99 |
| WEB Westbridge Energy Corporation |
-0.04 3.92% |
0.98 | - | 0.32 | 278.00 | 1.10 | 323.15 | 0.62 |
| GRB Greenbriar Sustainable Living Inc. |
- -% |
0.59 | - | - | - | 7.11 | - | -10.21 |
| SUN Stardust Solar Holdings Inc. |
- -% |
0.03 | - | - | 1.92 | 81.01 | 1.61 | - |
| NKW-H Oceanic Wind Energy Inc. |
- -% |
0.07 | - | - | - | - | - | - |
RE Royalties Ltd. engages in the acquisition of revenue-based royalties from renewable energy and clean technology companies by providing a non-dilutive royalty financing solution to privately held and publicly traded companies. As of December 31, 2024, it owned a portfolio of 106 royalties on solar, wind, hydro, battery storage, energy efficiency, and renewable natural gas projects in Canada, Mexico, Chile, and the United States. The company was founded in 2016 and is based in Vancouver, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Bernard Tan MBA BCOMM CA | CEO & Director | 1976 |
| Mr. Luqman Khan CPA, CGA | Chief Financial Officer | 1971 |
| Mr. Peter R. Leighton | Chief Operating Officer | NA |
| Bryce Anderson | VP, Investments | NA |
| Ms. Talia Beckett | VP of Communications & Sustainability | NA |
| Mr. Alistair Howard | VP of Corp. Devel. | NA |
| Trevor Thomas | Corp. Sec. | NA |
| Mr. Bryce Anderson | Vice President of Investments | NA |
| Ms. Talia Beckett | Vice President of Communications & Sustainability | NA |
| Mr. Alistair Howard | Vice President of Corporate Development | NA |
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