Source Energy Services Ltd (SHLE) Fair Value & Analysis
Energy · CA · Market cap C$189M
Fair value as of: Jun 24, 2026
From 24 valuation models · updated 6 days ago
Share price +2.1% over the past month.
Price vs Fair Value (12 months)
12‑month range C$10.22 – C$17.74 · fair‑value band C$17.21 – C$40.29 · the C$13.52 price screens below the C$28.77 fair value. As of Jun 24, 2026.
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Source Energy Services Ltd (SHLE) currently trades at C$13.52, while our model-based Fair Value estimate is C$28.77 — implying the stock looks roughly 112.8% undervalued today. We read business quality at 95/100 (high quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, Source Energy Services Ltd generated revenue of C$652M at a net margin of 1.0%. Revenue declined 23.2% year over year. It earns a return on equity of 2.9%. Net debt stands at C$333M. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
Source Energy Services Ltd., together with its subsidiaries, engages in the production and distribution of frac sand used primarily in oil and gas exploration and production in Canada and the United States. It also provides logistics services, including trucking operations; and Sahara, a well-site mobile sand storage and handling system, as well as distributes bulk completion materials. The company was founded in 1998 and is headquartered in Calgary, Canada.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Source Energy Services Ltd reported revenue of C$700M in FY2025 versus C$320M in FY2021, a compound +21.6%/yr. Reported net income was C$33.1M in FY2025.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.