Subscribe

Source Energy Services Ltd. (SHLE.TO)

CAD13.36 -0.04 (-0.30%)
CA TSX Energy Oil & Gas Equipment & Services
Address 1060 - 7th Street SW T2R 0C4
Calgary, AB, CA
CEO Scott Melbourn
Website sourceenergyservices.com
IPO 2017-04-18
ISIN CA83615X4075

Explore sections of this company profile

Also trades on Other OTC · SCEYF (USD) Toronto Stock Exchange · SHLE.TO (CAD)
Description

Source Energy Services Ltd. is a major supplier of Northern White frac sand, a specialized material essential for hydraulic fracturing in the upstream oil and gas sector. The company's operations span Western Canada and the United States, where it manufactures, delivers, and distributes this crucial proppant. Beyond its core sand offerings, Source Energy Services also provides comprehensive warehousing and transportation solutions for various other bulk well completion products. Additionally, it develops innovative mobile systems designed for efficient on-site sand storage and handling at well locations. The company was established in 2017 and is based in Calgary, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
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
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
CAD13.36 -0.04 (-0.30%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
33.3K
Beta
2.43
Float Shares
11.52M
Free Float %
88.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.33% -7.81% +4.17% -13.91% +29.95% +0.26% +21.94% +217.29% +915.33% -87.62% -87.62%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
13.36
DCF (Unlevered) 66.20 +395.5%
DCF (Levered) 64.94 +386.1%

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) 50% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.15
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Oil & Gas Equipment & Services: +6.7%
    +3.9% Q1'26: -23.2% (vs Q1'25)
  • ✓
    EPS growth Oil & Gas Equipment & Services: +14.3%
    +254.3% ★ Q1'26: -114.4% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Oil & Gas Equipment & Services: +40.2%
    +5.4% ★ Q1'26: -14.5% (vs Q1'25)
  • ✗
    EBIT margin Oil & Gas Equipment & Services: +10.9%
    +7.0% Q1'26: +3.5% (vs Q1'25)
  • ✗
    ROIC Oil & Gas Equipment & Services: +6.7%
    +7.8% ★ Q1'26: +3.2% (vs Q1'25)
  • ✓
    Share dilution Oil & Gas Equipment & Services: +0.3%
    -1.5% ★ Q1'26: -3.4% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Oil & Gas Equipment & Services: 0.32×
    3.08× Q1'26: 2.87× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
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.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (2.45) × ERP
WACC = 36% × Ke + 64% × Kd (8.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 66.20 Current price: 13.36
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric 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
1 Rev. Ana.
1 EPS Ana. 		Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
289.50M
est: 302.22M (-4.2%)
415.03M
est: 429.18M (-3.3%)
332.96M
est: 321.38M (+3.6%)
249.88M
est: 251.00M (-0.4%)
319.86M
est: 319.00M (+0.3%)
415.91M
est: 420.95M (-1.2%)
569.75M
est: 625.02M (-8.8%)
673.95M
est: 660.05M (+2.1%)
700.31M
est: 697.34M (+0.4%)
709.70M
707.00M – 712.40M
+1.8% YoY
747.80M
739.60M – 756.00M
+5.4% YoY
EBITDA
35.74M
est: 29.08M (+22.9%)
51.55M
est: 41.29M (+24.8%)
-27.58M
est: 30.92M (-189.2%)
-78.38M
est: 24.15M (-424.6%)
36.89M
est: 30.69M (+20.2%)
55.76M
est: 40.50M (+37.7%)
223.89M
est: 136.03M (+64.6%)
102.69M
est: 143.65M (-28.5%)
114.57M
est: 151.77M (-24.5%)
154.46M
153.87M – 155.05M
+1.8% YoY
162.75M
160.97M – 164.53M
+5.4% YoY
EBIT
14.25M
est: -1.28M (+1,214.3%)
18.88M
est: -1.82M (+1,139.2%)
-86.15M
est: -1.36M (-6,233.8%)
-124.94M
est: -1.06M (-11,661.3%)
5.78M
est: -1.35M (+527.8%)
24.13M
est: -1.78M (+1,454.5%)
184.38M
est: 79.63M (+131.5%)
50.32M
est: 84.09M (-40.2%)
49.17M
est: 88.84M (-44.7%)
90.42M
90.07M – 90.76M
+1.8% YoY
95.27M
94.23M – 96.32M
+5.4% YoY
Net Income
-8.52M
est: -6.99M (-21.8%)
-2.21M
est: 5.76M (-138.4%)
-89.96M
est: -255.95M (+64.9%)
-185.47M
est: -581.90M (+68.1%)
-56.11M
est: -16.80M (-234.1%)
-2.93M
est: -7.31M (+60.0%)
167.35M
est: 160.87M (+4.0%)
9.51M
est: 21.15M (-55.0%)
33.08M
est: 37.23M (-11.1%)
30.35M
30.06M – 30.65M
-18.5% YoY
48.03M
47.57M – 48.50M
+58.2% YoY
SGA
31.55M
est: 22.29M (+41.5%)
35.73M
est: 31.65M (+12.9%)
28.55M
est: 23.70M (+20.4%)
19.48M
est: 18.51M (+5.2%)
23.63M
est: 23.53M (+0.4%)
26.72M
est: 31.05M (-13.9%)
39.41M
est: 43.47M (-9.3%)
56.32M
est: 45.90M (+22.7%)
39.84M
est: 48.50M (-17.9%)
49.36M
49.17M – 49.54M
+1.8% YoY
52.00M
51.43M – 52.58M
+5.4% YoY
EPS
-2.30
est: -0.52 (-345.5%)
-0.43
est: 0.43 (-201.1%)
-17.97
est: -18.90 (+4.9%)
-36.81
est: -42.96 (+14.3%)
-4.14
est: -1.24 (-233.9%)
-0.22
est: -0.54 (+59.3%)
12.35
est: 12.06 (+2.4%)
0.70
est: 1.59 (-55.8%)
2.48
est: 2.79 (-11.1%)
2.28
2.25 – 2.30
-18.5% YoY
3.60
3.57 – 3.64
+58.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 A 4/5 5/5 5/5 4/5 1/5 4/5 4/5
2026-05-07 A 4/5 5/5 5/5 4/5 1/5 4/5 4/5
2026-05-06 A 4/5 5/5 5/5 4/5 1/5 4/5 4/5
2026-05-05 A 4/5 4/5 5/5 4/5 1/5 4/5 4/5
2026-05-04 A 4/5 4/5 5/5 4/5 1/5 4/5 4/5
2026-05-01 A 4/5 5/5 5/5 4/5 1/5 4/5 4/5
2026-04-30 A 4/5 5/5 5/5 4/5 1/5 4/5 4/5
2026-04-29 A 4/5 5/5 5/5 5/5 1/5 3/5 4/5
2026-04-28 A 4/5 5/5 5/5 5/5 1/5 3/5 4/5
2026-04-27 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-24 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-23 A 4/5 5/5 5/5 5/5 1/5 3/5 4/5
2026-04-22 A 4/5 5/5 5/5 5/5 1/5 3/5 4/5
2026-04-21 A 4/5 5/5 5/5 5/5 1/5 3/5 4/5
2026-04-20 A 4/5 5/5 5/5 5/5 1/5 3/5 4/5
2026-04-17 A 4/5 5/5 5/5 5/5 1/5 3/5 4/5
2026-04-16 A 4/5 5/5 5/5 5/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-24.45M
OE per share TTM
-1.91
Owner's Yield
-12.44%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
59.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 5 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares S&P/TSX SmallCap Index ETF XCS.TO 0.05% 90.3K 0.60%
2 Dimensional - International Small Cap Value ETF DISV 0.00% 81.2K 0.42%
3 Dimensional - International Small Cap ETF DFIS 0.00% 90.0K 0.39%
4 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 61.5K 0.28%
5 Dimensional - International Core Equity 2 ETF DFIC 0.00% 41.3K 0.22%

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
EBIT / Employee
96.0K
Shares Outstanding
13.08M

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

NameTitleCompensationGender
Scott Melbourn President, Chief Executive Officer & Director 1M male
Derren J. Newell Executive Vice President & Chief Financial Officer 822.3K male
Kurtis Kisio Vice President of Sales & Marketing 645.4K male
Jarett Finney President of Distribution 630.6K male
Shawn Furlong President of Production 501.9K male
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.

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.

Dividend history

Earnings history

Earnings reports

Stock splits

Related companies

Largest companies in Oil & Gas Equipment & Services