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SIR Royalty Income Fund, through SIR Royalty Limited (SRV-UN) Fair Value & Analysis

Consumer Cyclical · CA · Market cap C$134M

SR SIR Royalty Income Fund, through SIR Royalty Limited SRV-UN · TO
PriceC$15.69
Fair ValueC$8.60
Upside-45.2%
Quality75/100
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Evidence: High Range C$8.09 – C$9.37 📤 Share as image

Fair value as of: Jul 12, 2026

From 19 valuation models · updated 9 days ago

Share price −0.2% over the past month.

Price vs Fair Value (12 months)

C$16.12 C$13.07 Fair Value C$8.60 Jul 2025 Jul 2026

12‑month range C$13.07 – C$16.12 · fair‑value band C$8.09 – C$9.37 · the C$15.69 price screens above the C$8.60 fair value. As of Jul 12, 2026.

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Analysis

SIR Royalty Income Fund, through SIR Royalty Limited (SRV-UN) currently trades at C$15.69, while our model-based Fair Value estimate is C$8.60, implying the stock looks roughly 45.2% overvalued today. We read business quality at 75/100 (high quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, SIR Royalty Income Fund, through SIR Royalty Limited generated revenue of C$11.2M at a net margin of 78.3%. Revenue grew 4.6% year over year. It earns a return on equity of 10.2%. The stock trades on a trailing P/E of 14.9. Fundamentals as of Jul 12, 2026

Our scenario range runs from C$8.09 (bear case) to C$9.37 (bull case); at C$15.69, the current price sits above that range. The share trades about 1% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -42% fair-value upside, at -45%, SRV-UN screens richer than that median.

Key figures & financial health

Revenue (TTM) C$11.2M
Revenue growth (YoY) +4.6%
Net margin 78.3%
Return on equity 10.2%
Free cash flow C$9.4M FY2025
P/E ratio 14.9
More key figures
Operating margin 84.9%
EPS (TTM) C$1.05
Dividend yield 7.7%
EPS growth (YoY) +33.3%
Net cash C$321K FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 12, 2026. TTM = trailing twelve months.

About the company

SIR Royalty Income Fund, through SIR Royalty Limited Partnership, creates, owns, and operates service inspired restaurants in Canada. The company operates concept restaurant brands under Jack Astor's and Scaddabush brands; and signature restaurants under the Reds Square One, Edna +Vita, The Antler Room, Duke's Refresher, and Loose Moose Tap & Grill brands. It also owns and operates seasonal restaurant and retail outlet under the Abbey's Bakehouse brand in Muskoka, Ontario. The company was founded in 2004 and is based in Burlington, Canada.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SIR Royalty Income Fund, through SIR Royalty Limited reported revenue of C$12.6M in FY2025 versus C$7.1M in FY2021, a compound +15.3%/yr. Reported net income was C$8.5M in FY2025, compounding +14.6%/yr from FY2021.

Revenue +15.3%/yr
FY21 C$7.1M
FY22 C$49.0M
FY23 C$23.3M
FY24 C$10.7M
FY25 C$12.6M
Net income +14.6%/yr
FY21 C$4.9M
FY22 C$44.4M
FY23 C$19.1M
FY24 C$12.0M
FY25 C$8.5M

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Cite: Fair Value Calculator (2026). "SIR Royalty Income Fund, through SIR Royalty Limited Fair Value". https://www.fairvalue-calculator.com/stock/SRV-UN

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Frequently asked questions

Is SIR Royalty Income Fund, through SIR Royalty Limited (SRV-UN) undervalued?
As of Jul 12, 2026, our model estimates a fair value of C$8.60 versus a price of C$15.69, about −45% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SRV-UN?
Our model-based fair value for SIR Royalty Income Fund, through SIR Royalty Limited is C$8.60 (as of Jul 12, 2026), built from audited fundamentals. The current price is C$15.69.
What is the quality score of SRV-UN?
SIR Royalty Income Fund, through SIR Royalty Limited has a Quality Score of 75/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of SIR Royalty Income Fund, through SIR Royalty Limited (SRV-UN)?
SIR Royalty Income Fund, through SIR Royalty Limited reported trailing-twelve-month revenue of about C$11.2M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of SRV-UN?
The net profit margin of SIR Royalty Income Fund, through SIR Royalty Limited is about 78.3%, meaning it keeps roughly 78.3% of revenue as net income. Based on the latest reported figures.
Does SIR Royalty Income Fund, through SIR Royalty Limited pay a dividend?
SIR Royalty Income Fund, through SIR Royalty Limited currently shows a dividend yield of about 7.65% relative to its recent price (as of Jul 12, 2026).

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.

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