NYSE : SRL
Scully Royalty Ltd. — Financial statements
Financials · Capital Markets · China
Last price 4.041 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 61.53M
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Financial statements
Scully Royalty Ltd. (SRL) reported revenue of 35.77M CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 35.77M | 35.30M | 54.94M | 63.69M | 71.29M | 59.43M |
| Revenue | 35.77M | 35.30M | 54.94M | 63.69M | 71.29M | 59.43M |
| Cost of Revenue | 9.69M | 9.09M | 19.56M | 29.93M | 31.41M | 24.52M |
| Gross Profit | 23.25M | 23.72M | 33.74M | 32.19M | 38.16M | 33.08M |
| Selling, General & Admin | 25.92M | 25.34M | 24.18M | 28.48M | 23.64M | 19.90M |
| Other Operating Expenses | 3.81M | 3.88M | 6.89M | 5.66M | 7.89M | 6.07M |
| Operating Expenses | 29.74M | 29.21M | 31.07M | 34.14M | 31.53M | 25.98M |
| Operating Income | -6.48M | -5.49M | 2.67M | -1.94M | 6.63M | 7.10M |
| Interest Expense | -123.00K | -245.00K | -220.00K | -47.00K | ||
| Currency Exchange Gain (Loss) | -1.08M | -833.00K | -427.00K | 3.92M | 2.84M | -2.71M |
| EBT Excluding Unusual Items | -7.55M | -6.32M | 2.12M | 1.73M | 9.25M | 4.35M |
| Asset Writedown | 1.50M | -16.57M | 1.19M | -31.35M | 407.00K | 757.00K |
| Pretax Income | -6.06M | -22.90M | 3.31M | -29.61M | 9.66M | 5.11M |
| Income Tax Expense | -3.97M | -2.63M | 1.91M | -6.21M | 2.29M | 4.89M |
| Earnings From Continuing Operations | -2.09M | -20.27M | 1.40M | -23.41M | 7.37M | 212.00K |
| Net Income to Company | -2.09M | -20.27M | 1.40M | -23.41M | 7.37M | 212.00K |
| Minority Interest in Earnings | -607.00K | -320.00K | -8.00K | 9.00K | 193.00K | 157.00K |
| Net Income | -2.70M | -20.59M | 1.39M | -23.40M | 7.56M | 369.00K |
| Net Income to Common | -2.70M | -20.59M | 1.39M | -23.40M | 7.56M | 369.00K |
| Shares Outstanding (Basic) | 14.88M | 14.82M | 14.82M | 14.81M | 14.78M | 14.78M |
| Shares Outstanding (Diluted) | 14.88M | 14.82M | 14.82M | 14.81M | 14.91M | 14.78M |
| EPS (Basic) | -0.18 | -1.39 | 0.09 | -1.58 | 0.51 | 0.02 |
| EPS (Diluted) | -0.19 | -1.39 | 0.09 | -1.58 | 0.51 | 0.02 |
| Free Cash Flow | -11.87M | -31.63M | 26.00M | 30.16M | -7.62M | -21.50M |
| Free Cash Flow Per Share | -0.80 | -2.13 | 1.75 | 2.04 | -0.51 | -1.46 |
| Dividend Per Share | 0.23 | 1.13 | ||||
| Gross Margin | 65.02% | 67.19% | 61.41% | 50.55% | 53.53% | 55.66% |
| Operating Margin | -18.12% | -15.55% | 4.86% | -3.05% | 9.31% | 11.95% |
| Profit Margin | -7.54% | -58.32% | 2.53% | -36.74% | 10.61% | 0.62% |
| Free Cash Flow Margin | -33.17% | -89.60% | 47.32% | 47.36% | -10.69% | -36.17% |
| EBITDA | -235.00K | 1.37M | 10.23M | 8.41M | 17.22M | 18.06M |
| EBITDA Margin | -0.66% | 3.88% | 18.63% | 13.20% | 24.16% | 30.39% |
| D&A For EBITDA | 6.25M | 6.86M | 7.57M | 10.35M | 10.59M | 10.96M |
| EBIT | -6.48M | -5.49M | 2.67M | -1.94M | 6.63M | 7.10M |
| EBIT Margin | -18.12% | -15.55% | 4.86% | -3.05% | 9.31% | 11.95% |
| Effective Tax Rate | 57.68% | 23.70% | 95.85% |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 25.20M | 19.05M | 78.25M | 63.72M | 54.87M | 63.55M |
| Short-Term Investments | 29.62M | 9.49M | 11.57M | 27.93M | 11.37M | 12.04M |
| Trading Asset Securities | 15.81M | 2.80M | 4.05M | 8.47M | 7.48M | |
| Cash & Short-Term Investments | 54.82M | 44.35M | 92.62M | 95.70M | 74.71M | 83.07M |
| Accounts Receivable | 374.00K | 861.00K | 1.91M | 3.83M | 4.74M | 4.86M |
| Other Receivables | 34.14M | 11.28M | 31.08M | 9.38M | 10.46M | 11.32M |
| Receivables | 34.51M | 42.27M | 70.33M | 41.21M | 62.95M | 37.80M |
| Inventory | 1.00K | 1.00K | 1.20M | 840.00K | 1.10M | 1.41M |
| Restricted Cash | 161.00K | 194.00K | 397.00K | 365.00K | 142.00K | 175.00K |
| Other Current Assets | 85.95M | 88.50M | 41.50M | 6.76M | 6.76M | |
| Total Current Assets | 175.44M | 175.32M | 164.54M | 179.61M | 145.65M | 129.21M |
| Property, Plant & Equipment | 192.87M | 193.64M | 222.39M | 230.67M | 303.77M | 313.24M |
| Long-Term Investments | 2.81M | 2.90M | 2.97M | 2.44M | 3.62M | 3.72M |
| Long-Term Deferred Tax Assets | 10.46M | 11.14M | 9.51M | 9.68M | 9.62M | 10.86M |
| Other Long-Term Assets | 52.46M | 55.10M | 53.06M | 53.08M | 47.30M | 50.86M |
| Total Assets | 434.03M | 438.10M | 452.47M | 475.48M | 509.97M | 509.12M |
| Accounts Payable | 17.43M | 4.46M | 2.24M | 5.22M | 5.97M | 9.92M |
| Accrued Expenses | 2.89M | 3.63M | 5.79M | 2.33M | 2.03M | |
| Current Portion of Leases | 311.00K | 393.00K | 291.00K | 384.00K | ||
| Current Income Taxes Payable | 23.00K | 48.00K | 4.53M | 1.51M | 1.00M | 457.00K |
| Current Unearned Revenue | 2.09M | 1.78M | 1.86M | 2.77M | ||
| Other Current Liabilities | 16.95M | 31.09M | 7.77M | 28.28M | 890.00K | 575.00K |
| Total Current Liabilities | 34.41M | 38.49M | 20.57M | 42.97M | 12.35M | 16.14M |
| Long-Term Debt | 39.28M | 36.55M | 43.72M | 42.96M | 42.04M | 43.28M |
| Long-Term Leases | 313.00K | 791.00K | ||||
| Long-Term Deferred Tax Liabilities | 49.79M | 51.51M | 58.37M | 56.57M | 67.46M | 66.11M |
| Other Long-Term Liabilities | 851.00K | 1.22M | 137.00K | 153.00K | 15.58M | 14.08M |
| Total Liabilities | 124.34M | 127.77M | 122.80M | 142.97M | 137.43M | 140.40M |
| Common Stock | 19.00K | 19.00K | 19.00K | 19.00K | 19.00K | 16.00K |
| Additional Paid-In Capital | 330.90M | 330.90M | 331.63M | 331.76M | 331.46M | 329.10M |
| Retained Earnings | -60.84M | -58.81M | -33.40M | -31.50M | 9.08M | 1.38M |
| Treasury Stock | -2.64M | -2.64M | -2.64M | -2.64M | -2.64M | -2.64M |
| Comprehensive Income & Other | 33.88M | 32.81M | 26.86M | 27.52M | 27.69M | 33.70M |
| Total Common Equity | 301.32M | 302.28M | 322.46M | 325.16M | 365.60M | 361.54M |
| Minority Interest | 8.38M | 8.05M | 7.21M | 7.35M | 6.93M | 7.18M |
| Shareholders' Equity | 309.70M | 310.32M | 329.67M | 332.51M | 372.53M | 368.72M |
| Total Liabilities & Equity | 434.03M | 438.10M | 452.47M | 475.48M | 509.97M | 509.12M |
| Total Debt | 39.28M | 36.55M | 44.03M | 43.67M | 42.34M | 44.45M |
| Net Cash (Debt) | 15.53M | 7.80M | 48.59M | 52.03M | 32.38M | 38.62M |
| Net Cash Per Share | 1.04 | 0.53 | 3.28 | 3.51 | 2.17 | 2.61 |
| Filing Date Shares Outstanding | 15.23M | 14.82M | 14.82M | 14.82M | 14.82M | 14.78M |
| Total Common Shares Outstanding | 15.23M | 14.82M | 14.82M | 14.82M | 14.78M | 14.78M |
| Working Capital | 141.03M | 136.83M | 143.97M | 136.64M | 133.31M | 113.07M |
| Book Value Per Share | 19.79 | 20.39 | 21.76 | 21.94 | 24.74 | 24.46 |
| Tangible Book Value | 301.32M | 302.28M | 322.46M | 325.16M | 365.60M | 361.54M |
| Tangible Book Value Per Share | 19.79 | 20.39 | 21.76 | 21.94 | 24.74 | 24.46 |
| Machinery | 2.39M | 46.84M | 47.80M | 70.92M | 70.35M |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Net Income | -2.70M | -20.59M | 1.39M | -23.40M | 7.56M | 369.00K |
| Depreciation & Amortization | 6.61M | 7.22M | 7.93M | 10.70M | 11.02M | 11.47M |
| Loss (Gain) From Sale of Assets | 18.47M | 14.93M | -1.25M | 31.18M | 546.00K | |
| Asset Writedown & Restructuring Costs | -22.11M | -1.99M | 59.00K | -96.00K | -407.00K | -732.00K |
| Loss (Gain) From Sale of Investments | -1.49M | 568.00K | 2.79M | 2.44M | 2.32M | -758.00K |
| Loss (Gain) on Equity Investments | -117.00K | -38.00K | ||||
| Stock-Based Compensation | 2.50M | |||||
| Provision & Write-off of Bad Debts | 391.00K | 22.00K | 547.00K | -47.00K | 88.00K | -3.11M |
| Other Operating Activities | -2.97M | -1.33M | -1.74M | -11.33M | -930.00K | 6.30M |
| Change in Accounts Receivable | 8.62M | -14.09M | -16.26M | 24.27M | -24.49M | -33.85M |
| Change in Inventory | -136.00K | -520.00K | -340.00K | 295.00K | 333.00K | 517.00K |
| Change in Accounts Payable | 4.51M | 3.48M | -3.99M | 9.88M | -1.69M | 521.00K |
| Change in Income Taxes | -1.01M | -821.00K | 3.01M | 509.00K | 563.00K | 26.00K |
| Change in Other Net Operating Assets | -19.69M | -18.39M | 34.04M | -13.75M | -3.51M | -2.57M |
| Operating Cash Flow | -11.61M | -31.54M | 26.18M | 30.64M | -6.64M | -21.27M |
| Capital Expenditures | -252.00K | -89.00K | -180.00K | -472.00K | -982.00K | -227.00K |
| Divestitures | -28.00K | -873.00K | ||||
| Sale (Purchase) of Real Estate | -283.00K | -680.00K | 1.17M | 2.64M | 11.00K | 4.56M |
| Investment in Securities | 2.96M | 2.96M | ||||
| Other Investing Activities | 3.76M | 220.00K | ||||
| Investing Cash Flow | 6.79M | 2.76M | -6.31M | -4.68M | -971.00K | 3.42M |
| Long-Term Debt Repaid | -380.00K | -394.00K | -350.00K | -424.00K | -451.00K | |
| Lease Payments | -335.00K | -380.00K | -394.00K | -350.00K | -424.00K | -451.00K |
| Net Debt Issued (Repaid) | -335.00K | -380.00K | -394.00K | -350.00K | -424.00K | -451.00K |
| Issuance of Common Stock | 406.00K | |||||
| Common Dividends Paid | -5.54M | -3.42M | -16.93M | |||
| Other Financing Activities | -808.00K | -777.00K | -320.00K | -47.00K | ||
| Financing Cash Flow | -6.68M | -1.16M | -3.81M | -17.19M | -424.00K | -498.00K |
| Foreign Exchange Rate Adjustments | 440.00K | 3.44M | -1.52M | 76.00K | -647.00K | 3.63M |
| Net Cash Flow | -11.06M | -26.50M | 14.54M | 8.84M | -8.68M | -14.72M |
| Free Cash Flow | -11.87M | -31.63M | 26.00M | 30.16M | -7.62M | -21.50M |
| Free Cash Flow Margin | -33.17% | -89.60% | 47.32% | 47.36% | -10.69% | -36.17% |
| Free Cash Flow Per Share | -0.80 | -2.13 | 1.75 | 2.04 | -0.51 | -1.46 |
| Levered Free Cash Flow | 10.19M | -37.12M | -992.75K | 26.41M | -11.95M | -19.34M |
| Unlevered Free Cash Flow | 10.19M | -37.12M | -915.88K | 26.57M | -11.81M | -19.31M |
| Free Cash Flow After Leases | -12.20M | -32.01M | 25.61M | 29.82M | -8.04M | -21.95M |
| Cash Interest Paid | 1.72M | 1.72M | 1.64M | 1.56M | 1.75M | 1.88M |
| Cash Income Tax Paid | 343.00K | 343.00K | 2.98M | 5.88M | 9.53M | 3.73M |
| Change in Working Capital | -7.70M | -30.34M | 16.45M | 21.20M | -28.79M | -35.35M |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 61.53M | 137.11M | 90.42M | 114.28M | 130.95M | 62.15M |
| Enterprise Value | 50.14M | 134.51M | 49.08M | 89.56M | 107.71M | 30.32M |
| Last Close Price | 4.04 | 8.96 | 5.91 | 7.30 | 7.65 | 3.63 |
| PE Ratio | 85.84 | 21.91 | 214.60 | |||
| PS Ratio | 2.35 | 5.59 | 2.17 | 2.43 | 2.32 | 1.33 |
| PB Ratio | 0.28 | 0.64 | 0.36 | 0.47 | 0.45 | 0.21 |
| P/TBV Ratio | 0.28 | 0.65 | 0.37 | 0.48 | 0.45 | 0.22 |
| P/FCF Ratio | 4.59 | 5.13 | ||||
| P/OCF Ratio | 4.56 | 5.05 | ||||
| EV/Sales Ratio | 1.91 | 5.48 | 1.18 | 1.90 | 1.91 | 0.65 |
| EV/EBITDA Ratio | 141.26 | 6.33 | 14.42 | 7.92 | 2.14 | |
| EV/EBIT Ratio | 24.29 | 20.54 | 5.44 | |||
| EV/FCF Ratio | 2.49 | 4.02 | ||||
| Debt / Equity Ratio | 0.13 | 0.12 | 0.13 | 0.13 | 0.11 | 0.12 |
| Debt / EBITDA Ratio | 314.28 | 21.12 | 4.15 | 4.99 | 2.40 | 2.39 |
| Debt / FCF Ratio | 1.69 | 1.45 | ||||
| Net Debt / Equity Ratio | -0.05 | -0.03 | -0.15 | -0.16 | -0.09 | -0.10 |
| Net Debt / EBITDA Ratio | 66.10 | -5.70 | -4.75 | -6.19 | -1.88 | -2.14 |
| Net Debt / FCF Ratio | 1.31 | 0.25 | -1.87 | -1.73 | 4.25 | 1.80 |
| Asset Turnover | 0.08 | 0.08 | 0.12 | 0.13 | 0.14 | 0.12 |
| Inventory Turnover | 15.15 | 19.19 | 30.86 | 25.00 | 12.90 | |
| Quick Ratio | 2.60 | 1.47 | 6.11 | 2.53 | 7.28 | 6.15 |
| Current Ratio | 5.10 | 4.55 | 8.00 | 4.18 | 11.80 | 8.01 |
| Return on Equity (ROE) | -0.67% | -6.33% | 0.42% | -6.64% | 1.99% | 0.06% |
| Return on Assets (ROA) | -0.93% | -0.77% | 0.36% | -0.25% | 0.81% | 0.88% |
| Return on Invested Capital (ROIC) | -2.20% | -1.88% | 0.40% | -0.63% | 1.51% | 0.09% |
| Return on Capital Employed (ROCE) | -1.60% | -1.40% | 0.60% | -0.40% | 1.30% | 1.40% |
| Earnings Yield | -3.45% | -10.44% | 1.17% | -15.13% | 4.57% | 0.47% |
| FCF Yield | -13.80% | -16.04% | 21.77% | 19.50% | -4.60% | -27.15% |
| Dividend Yield | 25.74% | 2.85% | 10.83% | |||
| Payout Ratio | 245.94% | |||||
| Buyback Yield / Dilution | -0.42% | 0.00% | -0.07% | 0.65% | -0.87% | -0.09% |
| Total Shareholder Return | 25.31% | 2.78% | 11.48% | -0.87% | -0.09% |