SIR Royalty Income Fund, through SIR Royalty Limited (SRV-UN) Fair Value & Analysis
Consumer Cyclical · CA · Market cap C$135M (≈ $97.2M) · ISIN CA8296361097
What is SIR Royalty Income Fund, through SIR Royalty Limited really worth?
A solid business, but trading 77% above our fair value of C$8.60.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 19 valuation models · updated 22 days ago
Share price −6.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (C$9.37). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range C$5.15 – C$16.75 · fair‑value band C$8.09 – C$9.37 · the C$15.26 price screens above the C$8.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
SIR Royalty Income Fund, through SIR Royalty Limited (SRV-UN) currently trades at C$15.26, while our model-based Fair Value estimate is C$8.60, implying the stock looks roughly 77.4% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Growth Earnings group reads highest at a median of C$28.16 per share, and 10 of the 19 models we run sit above the C$15.26 price. Bear case: the Multiples group reads lowest at C$2.19, and 9 of the 19 models stay below the price. Evidence for this calculation is 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 14.5. Fundamentals as of Aug 13, 2026
Our scenario range runs from C$8.09 (bear case) to C$9.37 (bull case); at C$15.26, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −47% fair-value upside, at −44%, SRV-UN screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 19 models by family
Widest divergence: Growth Earnings (C$28.16) versus Economic Profit (C$0.5200). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 67 · Market factors (momentum, volatility) 63
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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.
Full company description
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.
Company description, as reported by the company or data provider.
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.
of which total revenue +2.8 % · buybacks/dilution +1.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
SRV-UN screens 77% overvalued. Compare with McDonald's Corporation →
Peer Group
Restaurants · 220 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Restaurants median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Restaurants stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| McDonald's Corporation MCD | $260.06 | $149.03 | −43% |
| Starbucks Corporation SBUX | $107.26 | $35.83 | −67% |
| Chipotle Mexican Grill, Inc CMG | $38.03 | $17.92 | −53% |
| Yum! Brands, Inc YUM | $153.31 | $58.17 | −62% |
| Restaurant Brands International Inc QSR | C$104.50 | C$36.37 | −65% |
| Darden Restaurants, Inc DRI | $218.86 | $173.68 | −21% |
| Yum China Holdings YUMC | $47.18 | $54.27 | +15% |
| Texas Roadhouse, Inc TXRH | $198.99 | $104.89 | −47% |
| Dutch Bros Inc BROS | $51.02 | $12.80 | −75% |
| Domino's Pizza, Inc DPZ | $332.06 | $227.31 | −32% |
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