Canadian Spirit Resources Inc (SPI) fair value: what the stock is really worth
We calculate from audited financials what Canadian Spirit Resources Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Canadian Spirit Resources Inc., a natural resources company, identifies and develops opportunities in the unconventional natural gas sector in Canada. It primarily develops the Montney Formation natural gas and natural gas liquids resource play in the Farrell Creek Montney area of Northeastern British Columbia.
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Canadian Spirit Resources Inc., a natural resources company, identifies and develops opportunities in the unconventional natural gas sector in Canada. It primarily develops the Montney Formation natural gas and natural gas liquids resource play in the Farrell Creek Montney area of Northeastern British Columbia. The company was formerly known as Spirit Energy Corp. and changed its name to Canadian Spirit Resources Inc. in June 2004. Canadian Spirit Resources Inc. was incorporated in 1987 and is headquartered in Calgary, Canada. Canadian Spirit Resources Inc. operates as a subsidiary of Elmag Investment Inc.
Stock analysis
Canadian Spirit Resources Inc (SPI) currently trades at C$0.0200, while our model-based Fair Value estimate is C$0.0180, implying the stock looks roughly 11.1% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 91/100, which puts the evidence level at low.
Quality & growth
The Quality Score stands at 33/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Canadian Spirit Resources Inc reported revenue of C$64.5K in FY2024 versus C$0 in FY2020. Reported net income was −C$18.6M in FY2024.
Key figures
Market cap C$5.8M (≈ $4.2M) · P/S ratio 16.3 · EPS (TTM) C$−0.0600 · Return on equity −105% · Return on assets (EBIT) −6.9% · Operating margin −393% · Revenue growth (YoY) +374% · Free cash flow −C$1.5M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 100% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −10%, SPI screens richer than that median.
Fair Value models
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue growth is weak, negative or inconsistent.
Latest YoY
−78.0%
Revenue growth/yr (11Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−23.6%
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Share of sales kept as operating profit (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−1,193.0% (2018) → −3,275.3% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Canadian Spirit Resources Inc (SPI) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of C$0.0180 versus a price of C$0.0200, about −10% upside (overvalued).
What is the fair value of SPI?
Our model-based fair value for Canadian Spirit Resources Inc is C$0.0180 (as of Sep 13, 2026), built from audited fundamentals. The current price: C$0.0200.
What is the quality score of SPI?
Canadian Spirit Resources Inc has a Quality Score of 33/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Canadian Spirit Resources Inc (SPI)?
Our model-based price target is the fair value of C$0.0180 (as of Sep 13, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Canadian Spirit Resources Inc stock forecast for 2026?
Our models put fair value at C$0.0180, about −10% upside versus a price of C$0.0200 (overvalued). The calculation is refreshed regularly with new filings.
What is the intrinsic value of Canadian Spirit Resources Inc (SPI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Canadian Spirit Resources Inc it is C$0.0180 per share (as of Sep 13, 2026), against a price of C$0.0200. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Canadian Spirit Resources Inc stock overvalued or undervalued in 2026?
As of Sep 13, 2026, SPI trades above its calculated fair value: price C$0.0200, fair value C$0.0180, a gap of about −10% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SPI?
No. The price is what the market pays today (C$0.0200); the fair value is what the company's own numbers justify (C$0.0180). For Canadian Spirit Resources Inc the two are C$0.0020 per share apart. That gap is exactly why we show both numbers side by side.
How much is Canadian Spirit Resources Inc worth?
The market values Canadian Spirit Resources Inc at about C$5.8M (market capitalisation, as of Sep 13, 2026). Per share that is C$0.0200; our models calculate a fair value of C$0.0180 per share.
How far is SPI from its 52-week high?
Canadian Spirit Resources Inc trades at C$0.0200, about 33% below its 52-week high of C$0.0300 and 100% above the low of C$0.0100 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0180 is for.
Which stocks are comparable to Canadian Spirit Resources Inc?
From the same area (Energy) we also value CNOOC Limited, ConocoPhillips explores for,, Canadian Natural Resources Limited, EOG Resources, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Canadian Spirit Resources Inc stock attractive at the current price?
The data as of Sep 13, 2026: price C$0.0200, calculated fair value C$0.0180 (−10%), Quality Score 33/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SPI calculated?
We run Canadian Spirit Resources Inc through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$0.0180, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.0 % above its aggregate fair value. Canadian Spirit Resources Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with Canadian Spirit Resources Inc right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Canadian Spirit Resources Inc
How large is the market capitalisation of Canadian Spirit Resources Inc (SPI)?
The market capitalisation of Canadian Spirit Resources Inc is C$5.8M (≈ $4.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Canadian Spirit Resources Inc (SPI)?
The price-to-sales ratio of Canadian Spirit Resources Inc is 16.3 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Canadian Spirit Resources Inc (SPI)?
Earnings per share at Canadian Spirit Resources Inc are C$−0.0600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Canadian Spirit Resources Inc (SPI)?
The return on equity (ROE) of Canadian Spirit Resources Inc is −105% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Canadian Spirit Resources Inc (SPI)?
On an EBIT basis the return on assets of Canadian Spirit Resources Inc is −6.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Canadian Spirit Resources Inc (SPI)?
The operating margin of Canadian Spirit Resources Inc is −393% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Canadian Spirit Resources Inc (SPI)?
Revenue at Canadian Spirit Resources Inc is growing +374% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Canadian Spirit Resources Inc (SPI) generate?
The free cash flow of Canadian Spirit Resources Inc is −C$1.5M (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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