Stock fact sheet · data as of
Scully Royalty Ltd. (SRL): fair value, margin of safety and Wheel Score
Ticker symbol SRL · Financial Services · Financial - Capital Markets · China · Speculative
Is SRL undervalued?
SRL closed at 4.23 on 5 Nov 2026, 16% below the GLS average fair value of 5.05 from 1 models (1 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" Wheel Trade Filter, with room for a bigger discount on the Value part.
The average is built from just 1 models (DCF) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files SRL under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for SRL
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 5.05 | +19% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 2.24 | -47% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
No Piotroski health score is on file for SRL (the statements it needs were not available), so the Health part of the Wheel Score counts it at half marks - 10 of 20 - rather than marking the stock down for missing data. A GLS Moat score of 1.5/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -6.4%, ROE -7.1%, ROA -4.9% - with debt at 0.12 times equity and negative free cash flow.
Scully Royalty Ltd. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | - / 9 | ROIC | -6.4% |
|---|---|---|---|
| GLS Moat | 1.5 / 10 | ROE | -7.1% |
| Debt / equity | 0.12 | ROA | -4.9% |
| Free-cash-flow yield | -35.2% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 19: Weak
With a Wheel Score of 19 Scully Royalty Ltd. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (6 open interest, 6 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 6, no serious red flags - Red Flags score 55 (under 60); and filter 7, a premium worth selling - implied volatility 115% (over 80%); and filter 8, big enough - market cap $64M (under $1.0B); and filter 9, not a penny stock - price 4.23 (under $5); Option trading (weak) is its weakest part.
Implied volatility is 115%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is thin - 6 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 10k shares a day on a market cap of $64M, with a beta of 0.68 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (6 open interest, 6 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Fails | Red Flags score 55 (under 60) |
| 7 | A premium worth selling | Fails | implied volatility 115% (over 80%) |
| 8 | Big enough | Fails | market cap $64M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 4.23 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Fair | 16% below fair value | |
| Premium | Weak | implied volatility 115% | |
| Moat | Weak | moat 1.5/10 | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Weak | Red Flags score 55/100 | |
| Option trading | Weak | 6 contracts a day, 6 open interest | |
| Stability | Fair | beta 0.68, $64M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for SRL in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
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The 12 companies below are the closest to Scully Royalty Ltd. by market cap within the Financial - Capital Markets industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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| CFOR CapForce Inc. | 6.90 | 102.05 | +93% | 27No options | $73M |
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| MATH Metalpha Technology Holding Limited | 1.04 | 6.44 | +84% | 28No options | $49M |
| CANG Cango Inc. | 1.22 | - | - | 10Weak | $48M |
| HGBL Heritage Global Inc. | 1.28 | 8.84 | +86% | 34No options | $44M |
| WTF Waton Financial Limited Ordinary Shares | 1.98 | - | - | 13No options | $96M |
| DOMH Dominari Holdings Inc. | 1.64 | 11.43 | +86% | 24Weak | $40M |
| NAKA Nakamoto Inc. | 6.02 | - | - | 6Weak | $105M |
| NCTY The9 Limited | 2.54 | 13.54 | +81% | 25No options | $39M |
| COHN Cohen & Company Inc. | 10.23 | 141.88 | +93% | 29No options | $33M |
| GRAN Grande Group Limited Class A Ordinary Shares | 1.20 | 0.0368 | -3159% | 14No options | $30M |
⚖ Compare SRL with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about SRL
Is SRL undervalued right now?
By the GLS models, moderately: at 4.23 the stock trades 16% below the average fair value of 5.05 (data as of 5 Nov 2026).
What is the Wheel Score of SRL and what does it mean?
SRL scores 19 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 6, 7, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for SRL?
5.05 per share as of 5 Nov 2026 - the simple average of the 1 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Scully Royalty Ltd. report earnings next?
No upcoming earnings date is recorded for SRL in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does SRL have listed options, and how liquid are they?
Yes. The nightly snapshot found 12 listed contracts with 6 open interest across all expiries and implied volatility of 115% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.