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Freehold Royalties Ltd. (FRU.TO)
CAD16.35
-0.03 (-0.18%)
CA TSX Energy Oil & Gas Exploration & Production
Address
517 – 10 Avenue SW T2R 0A8
Calgary, AB, CA
Calgary, AB, CA
CEO
David Michael Spyker
Website
freeholdroyalties.com
IPO
2003-10-09
ISIN CA3565001086
Also trades on
London Stock Exchange · 0UWL.L (CAD)
Other OTC · FRHLF (USD)
Toronto Stock Exchange · FRU.TO (CAD)
Description
Freehold Royalties Ltd. operates as an energy royalty enterprise, possessing ownership interests in properties rich with oil, natural gas, natural gas liquids, and potash across Western Canada and the United States. The company manages approximately 6.2 million gross acres of land in Canada, complemented by around 0.8 million gross drilling unit acres in the U.S. It generates royalties from an estimated 15,000 active wells and works alongside roughly 350 industry operators throughout North America. Established in 1996, its main office is situated in Calgary, Canada.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
CAD16.35
-0.03 (-0.18%)
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Volume Profile
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Liquidity & share structure
Average Volume
627.3K
Beta
0.80
Float Shares
136.80M
Free Float %
83.4%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.38% | +1.20% | +4.13% | +4.74% | +20.22% | +16.26% | +40.94% | +22.55% | +94.07% | +53.03% | +50.30% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
16.35
DCF (Unlevered)
19.34
+18.3%
DCF (Levered)
19.24
+17.7%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
36% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | -1 |
| Buy | 4 | 0 |
| Hold | 6 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 1 | 0 |
Quality scores
Altman Z-Score
4.24
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Oil & Gas Exploration & Production: +0.0%+1.3% ★ Q1'26: -14.5% (vs Q1'25)
-
EPS growth Oil & Gas Exploration & Production: +11.9%-42.9% Q1'26: -8.7% (vs Q1'25)
-
FCF margin FCF growth · Oil & Gas Exploration & Production: +19.3%+57.9% ★ Q1'26: +33.7% (vs Q1'25)
-
EBIT margin Oil & Gas Exploration & Production: +22.0%+53.1% ★ Q1'26: +51.8% (vs Q1'25)
-
ROIC Oil & Gas Exploration & Production: +5.1%+9.6% ★ Q1'26: +9.8% (vs Q1'25)
-
Share dilution Oil & Gas Exploration & Production: +0.0%+7.9% Q1'26: -0.4% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Oil & Gas Exploration & Production: 0.70×1.04× Q1'26: 1.16× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2010 actual |
Dec 2011 actual |
Dec 2012 actual |
Dec 2013 actual |
Dec 2014 actual |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 3 Rev. Ana. 1 EPS Ana. |
Dec 2027 3 Rev. Ana. 2 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
Dec 2029 1 Rev. Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
138.16M
est: 137.99M (+0.1%)
|
157.91M
est: 152.05M (+3.9%)
|
168.13M
est: 165.44M (+1.6%)
|
181.58M
est: 184.65M (-1.7%)
|
199.85M
est: 200.16M (-0.2%)
|
135.66M
est: 135.06M (+0.4%)
|
129.97M
est: 127.42M (+2.0%)
|
151.89M
est: 150.27M (+1.1%)
|
145.24M
est: 155.86M (-6.8%)
|
140.84M
est: 138.88M (+1.4%)
|
89.96M
est: 88.52M (+1.6%)
|
206.19M
est: 204.50M (+0.8%)
|
393.02M
est: 390.00M (+0.8%)
|
314.58M
est: 323.04M (-2.6%)
|
309.48M
est: 307.13M (+0.8%)
|
313.46M
est: 316.48M (-1.0%)
|
337.53M
323.61M – 359.56M
+6.7% YoY
|
334.43M
330.53M – 339.03M
-0.9% YoY
|
345.00M
340.00M – 350.00M
+3.2% YoY
|
351.00M
341.92M – 364.52M
+1.7% YoY
|
| EBITDA |
107.34M
est: 97.35M (+10.3%)
|
128.31M
est: 108.31M (+18.5%)
|
132.14M
est: 133.08M (-0.7%)
|
142.18M
est: 142.07M (+0.1%)
|
161.33M
est: 148.08M (+8.9%)
|
86.35M
est: 104.18M (-17.1%)
|
95.02M
est: 69.90M (+35.9%)
|
128.32M
est: 100.90M (+27.2%)
|
125.26M
est: 127.30M (-1.6%)
|
107.62M
est: 104.70M (+2.8%)
|
65.58M
est: 59.65M (+9.9%)
|
186.67M
est: 70.44M (+165.0%)
|
360.28M
est: 61.64M (+484.4%)
|
279.34M
est: 296.10M (-5.7%)
|
308.18M
est: 281.51M (+9.5%)
|
274.95M
est: 290.08M (-5.2%)
|
309.37M
296.61M – 329.57M
+6.7% YoY
|
306.53M
302.96M – 310.75M
-0.9% YoY
|
316.22M
311.64M – 320.81M
+3.2% YoY
|
321.72M
313.40M – 334.12M
+1.7% YoY
|
| EBIT |
38.09M
est: 35.85M (+6.3%)
|
78.72M
est: 41.98M (+87.5%)
|
67.18M
est: 85.63M (-21.6%)
|
80.41M
est: 75.00M (+7.2%)
|
93.69M
est: 87.16M (+7.5%)
|
-9.92M
est: 64.20M (-115.5%)
|
-9.68M
est: -9.32M (-3.8%)
|
19.64M
est: -11.45M (+271.5%)
|
23.21M
est: 20.38M (+13.9%)
|
12.71M
est: 20.39M (-37.7%)
|
-13.81M
est: 7.51M (-284.0%)
|
98.19M
est: 8.86M (+1,007.8%)
|
257.57M
est: 7.76M (+3,220.7%)
|
182.72M
est: 188.18M (-2.9%)
|
206.77M
est: 178.91M (+15.6%)
|
166.45M
est: 184.36M (-9.7%)
|
196.62M
188.51M – 209.46M
+6.7% YoY
|
194.81M
192.54M – 197.50M
-0.9% YoY
|
200.98M
198.06M – 203.89M
+3.2% YoY
|
204.47M
199.18M – 212.35M
+1.7% YoY
|
| Net Income |
36.27M
est: 36.31M (-0.1%)
|
55.26M
est: 40.00M (+38.2%)
|
46.33M
est: 60.17M (-23.0%)
|
57.85M
est: 51.67M (+12.0%)
|
66.45M
est: 62.77M (+5.9%)
|
-4.08M
est: 45.53M (-109.0%)
|
-11.16M
est: -3.83M (-191.2%)
|
12.22M
est: -13.20M (+192.5%)
|
14.03M
est: 12.68M (+10.7%)
|
5.19M
est: 12.50M (-58.5%)
|
-13.93M
est: 3.12M (-546.7%)
|
72.08M
est: 3.68M (+1,857.4%)
|
209.19M
est: 159.23M (+31.4%)
|
131.90M
est: 164.46M (-19.8%)
|
149.45M
est: 148.67M (+0.5%)
|
91.78M
est: 102.49M (-10.5%)
|
172.75M
165.58M – 179.92M
+68.5% YoY
|
135.37M
127.61M – 143.13M
-21.6% YoY
|
134.83M
130.30M – 141.59M
-0.4% YoY
|
—
— – —
-100.0% YoY
|
| SGA |
14.73M
est: 14.89M (-1.1%)
|
12.62M
est: 16.20M (-22.1%)
|
13.93M
est: 13.17M (+5.8%)
|
13.66M
est: 15.51M (-11.9%)
|
13.86M
est: 14.85M (-6.7%)
|
15.10M
est: 9.50M (+59.0%)
|
14.94M
est: 14.19M (+5.2%)
|
15.65M
est: 17.66M (-11.4%)
|
13.41M
est: 16.24M (-17.4%)
|
15.21M
est: 11.95M (+27.3%)
|
12.64M
est: 9.14M (+38.3%)
|
18.89M
est: 10.79M (+75.1%)
|
22.31M
est: 9.44M (+136.3%)
|
19.08M
est: 21.47M (-11.1%)
|
19.27M
est: 20.41M (-5.6%)
|
19.12M
est: 21.03M (-9.1%)
|
22.43M
21.51M – 23.90M
+6.7% YoY
|
22.23M
21.97M – 22.53M
-0.9% YoY
|
22.93M
22.60M – 23.26M
+3.2% YoY
|
23.33M
22.72M – 24.23M
+1.7% YoY
|
| EPS |
0.85
est: 0.66 (+29.5%)
|
0.92
est: 0.95 (-3.6%)
|
0.71
est: 0.69 (+2.4%)
|
0.86
est: 0.88 (-1.8%)
|
0.94
est: 0.92 (+2.7%)
|
-0.05
est: 0.14 (-132.7%)
|
-0.10
est: -0.09 (-8.6%)
|
0.10
est: 0.20 (-50.5%)
|
0.12
est: 0.20 (-39.9%)
|
0.04
est: 0.03 (+59.3%)
|
-0.12
est: -0.12 (+2.7%)
|
0.53
est: 0.50 (+6.8%)
|
1.39
est: 1.42 (-2.4%)
|
0.88
est: 0.99 (-11.5%)
|
0.99
est: 0.90 (+10.1%)
|
0.56
est: 0.62 (-9.7%)
|
1.05
1.01 – 1.10
+68.5% YoY
|
0.83
0.78 – 0.87
-21.0% YoY
|
0.82
0.79 – 0.86
-0.4% YoY
|
—
— – —
-100.0% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-14 | B | 3/5 | 3/5 | 3/5 | 4/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-13 | B+ | 3/5 | 3/5 | 3/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-12 | B+ | 3/5 | 3/5 | 3/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-11 | B+ | 3/5 | 3/5 | 3/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-08 | B+ | 3/5 | 3/5 | 3/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-07 | B+ | 3/5 | 3/5 | 3/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-06 | B+ | 3/5 | 3/5 | 3/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-05 | B+ | 3/5 | 3/5 | 3/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-04 | B+ | 3/5 | 3/5 | 3/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-01 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-30 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-29 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-28 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-27 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-24 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-23 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-22 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-21 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-20 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-17 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-16 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
61.81M
OE per share TTM
0.38
Owner's Yield
2.13%
Maintenance CapEx ratio
211.28%
Maint CapEx / Avg PPE
409.0%
Ownership Overview
Ownership breakdown
At a glance
Institutional holders
2
Total invested
245.2K
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
From
To
13F snapshot — 2026 Q1
Investors holding
2
+1 vs prev Q
New positions
1
Closed positions
0
Increased
1
Reduced
0
Put/Call ratio
0.00
Calls held
—
Puts held
—
Top institutional holders
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | NBC SECURITIES, INC. | 19.5K +— (+0.0%) | 216.0K +23.1K (+12.0%) | 0.01% +0.000 pp | 0.02% +0.001 pp | CAD12.79 +18.8% | 3 qtrs — |
Ownership breakdown by holder
ETF Ownership
Top ETFs holding this stock
Held by 59 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | TD Q Canadian Dividend ETF TQCD.TO | 1.40% | 32.93M | 0.39% |
| 2 | iShares S&P/TSX SmallCap Index ETF XCS.TO | 0.72% | 1.24M | 0.60% |
| 3 | iShares S&P/TSX Capped Energy Index ETF XEG.TO | 0.56% | 9.42M | 0.60% |
| 4 | ALPS Funds CoreCommodity Natural Resources ETF CCNR | 0.42% | 1.57M | 0.39% |
| 5 | iShares Oil & Gas Exploration & Production UCITS ETF IOGP.L | 0.23% | 926.9K | 0.55% |
| 6 | iShares S&P/TSX Completion Index ETF XMD.TO | 0.22% | 1.24M | 0.60% |
| 7 | Desjardins RI Canada - Net-Zero Emissions Pathway ETF DRMC.TO | 0.16% | 117.9K | 0.15% |
| 8 | Vanguard FTSE Canadian High Dividend Yield Index ETF VDY.TO | 0.11% | 6.94M | 0.22% |
| 9 | iShares S&P/TSX Composite High Dividend Index ETF XEI.TO | 0.10% | 3.09M | 0.22% |
| 10 | Schwab International Small-Cap Equity ETF SCHC | 0.07% | 3.98M | 0.06% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
Shares Outstanding
163.96M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| David Michael Spyker | President, Chief Executive Officer & Director | 1M | male |
| Susan Nagy | Vice President of Business Development | 440.8K | female |
| Shaina Brianne Morihira | Vice President of Finance & Chief Financial Officer | 362.3K | female |
| Colin J. Strem | Vice President of Business Development Technical | 345.3K | male |
| Michael J. Mogan | Controller | — | male |
| Todd McBride | Manager of Investor Relations | — | — |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for FRU.TO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
