Company Analysis

Scully Royalty Ltd. (SRL)

NYSE: SRL · Mineral Royalty Traders · Changning District, Shanghai, CN · filing with the SEC since 1996
Grade3.2
◀ Past 3.2● Present 3.1▶ Future 3.4
1 est.

The grade of Scully Royalty Ltd.

Nine metrics read from its own filings, by tense
Headline grade
3.2/10
◀ Past3.230% of the headline
● Present3.140% of the headline
▶ Future3.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.2/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.4/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 22% of this tense · 64th percentile among 7 sector filers · read for itself

From the record

Scully Royalty Ltd.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
0.8/10

What has it actually done, year after year?

-34.7% a year over 10 filed years; profitable in 4 of 10.

weight 45% of this tense · 8th percentile among 6 sector filers · read for its customers

From the record

Scully Royalty Ltd.'s 10 filed years say what it did: revenue went from CAD 1.6 billion in fiscal 2015 to CAD 35 million in fiscal 2024, down 34.7% a year; it rose in 1 of 9 years; the deepest fall was 98% from fiscal 2015 to fiscal 2024; net income was positive in 4 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-34.7%bottom 8% of its family
  • the share of years revenue rosebottom 8% of its family
  • the share of filed years with a profitbottom 8% of its family
  • the deepest fall from a revenue peak97.8%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.2/10

How has it treated the people who own it?

Share count shrank 0.2% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 42nd percentile among 6 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2024-12-31, Scully Royalty Ltd.'s diluted share count shrank about 0.2% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 25% of its family
  • cash returned against operating cash flowbottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

3.1/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.9/10

Is it financially healthy right now?

ROE -7%: lost 7¢ per shareholder dollar. Leverage 29%: owes 29¢ per asset dollar.

weight 22% of this tense · 49th percentile among 6 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Scully Royalty Ltd. lost about 7 cents for every dollar of shareholders' money, and gross profitability: its products earned about 8 cents per dollar of everything the company owns. Leverage: it owed about 29 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 42% of its family
  • return on equitybottom 8% of its family
  • gross profit against assetsbottom 38% of its family
  • the share count against the year beforetop 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
0.8/10

How strong is its position in its industry?

bottom 8% of 6 in its family; net margin -57.4%.

weight 45% of this tense · 8th percentile among 6 sector filers · read for its customers

From the record

Scully Royalty Ltd.'s standing among 6 graded names in its industry family: revenue of CAD 35 million in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of -57.4% ranks in the bottom 8%; revenue growth of -20.9% a year over the last 3 filed years ranks in the bottom 8% (its annual reports).

What it rests on

  • net margin-57.4%bottom 8% of its family
  • three-year revenue growth-20.9%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 15 of 100 (universe median).

weight 33% of this tense · 50th percentile among 3816 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there.
How it was reasoned
universe median, 3816 readings behind it.
Confidence
15 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Scully Royalty Ltd.'s leadership is put at 5.0 of 10 with a confidence of 15 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.1/10

How much room does it have to grow?

top 49% of 6 in its family for room to expand.

weight 45% of this tense · 51st percentile among 6 sector filers · read for itself

From the record

Scully Royalty Ltd.'s room to grow, from the newest filed statements (fiscal 2024): cash of CAD 52 million against debt of CAD 37 million leaves 3.5% of its assets as net cash, top 42% of its family; cash from operations less capital spending is -89.6% of revenue (bottom 8%); a gross margin of 100% (top 12%) (its annual report).

What it rests on

  • cash less debt against assets3.5%top 42% of its family
  • cash from operations less capital spending against revenue-89.6%bottom 8% of its family
  • gross margin100.0%top 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.9/10

What could actually drive growth from here?

bottom 39% of 6 in its family for growth drivers.

weight 22% of this tense · 39th percentile among 6 sector filers · read for its customers

From the record

Scully Royalty Ltd.'s growth drivers, from the filed years to fiscal 2024: revenue grew -20.9% a year over the last three filed years against -34.7% over all 10, speeding up (top 8% of its family); the newest year grew -35.7% (bottom 8%); capital spending grew -55.1% a year (bottom 17%) (its annual reports). Scully Royalty Ltd. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+13.8 points a yeartop 8% of its family
  • the newest year's revenue growth-35.7%bottom 8% of its family
  • three-year growth of capital spending-55.1%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
0.8/10

Did its newest year beat what its own record pointed to?

bottom 8% of 6 in its family for expectations against reality.

weight 33% of this tense · 8th percentile among 6 sector filers · read for its shareholders

From the record

Scully Royalty Ltd.'s newest year against its own record: revenue of CAD 35 million in fiscal 2024 came in 26.8% below the CAD 48 million its prior three years' pace pointed to (bottom 8% of its family); net income of CAD 20 million against a prior three-year average of CAD 5 million (bottom 8%); a net margin of -57.4% against -8% before (bottom 8%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-26.8%bottom 8% of its family
  • net income against the prior three years' average-315%bottom 8% of its family
  • net margin against its prior average-49.5 pointsbottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SRL · research, not advice