FRU.TO
Freehold Royalties Ltd.
TorontoCADEQUITY
Energy
DELAYED
Last price
17.73
▼ 0.05 (0.28%)
MARKET · —
Price
Open
17.80
Prev close
17.78
Day high
17.87
Day low
17.69
Volume
382.08K
Market cap
$2.91B
P/E (TTM)
20.86
52W range
13.08 – 18.22
Trailing performance
Returnvs SPY
1W
+3.14%
+4.5%
1M
+4.66%
+0.9%
3M
+0.74%
-2.4%
6M
+1.14%
-9.9%
YTD
+16.72%
+4.4%
1Y
+34.32%
+14.3%
3Y
+24.42%
-49.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$2.91B
Enterprise value—
Revenue (TTM)$322.23M
Gross profit$310.06M
EBITDA$281.53M
Net income$140.31M
EPS (TTM)$0.85
Free cash flow$160.93M
Total cash—
Total debt$284.90M
Book value / share$6.20
Shares outstanding163.96M
Float136.96M
Short % of float—
Dividend yield6.09%
Beta (5Y)0.78
Valuation & profitability ratios
Trailing P/E20.86
Forward P/E22.59
PEG ratio—
Price / sales—
Price / book2.86
EV / revenue—
EV / EBITDA—
Gross margin96.23%
Operating margin67.35%
Profit margin43.54%
Return on equity13.67%
Return on assets7.85%
Debt / equity28.05
Current ratio1.80
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $313.46M | $309.48M | $314.57M | $393.02M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $0 | $149.45M | $131.90M | $209.19M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $0 | $149.45M | $131.90M | $209.19M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.27 | 0.34 | +25.9% |
| Mar 2026 | 0.18 | — | — |
| Dec 2025 | 0.12 | 0.09 | -25.0% |
| Sep 2025 | 0.16 | 0.21 | +31.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | 0.76 | 1 | $352.00M | +12.3% |
| Next year | 0.79 | 2 | $357.00M | +1.4% |
Analyst targets & ownership
Mean target$18.90
High target$22.00
Low target$18.00
Implied upside6.60%
Analyst count10
ConsensusBUY
Strong buy / Buy0 / 3
Hold7
Sell / Strong sell0 / 0
Held by insiders0.46%
Held by institutions30.08%
Institutions holding58
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
760.77K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 22, 26 | Monaco (Bradley Robert) Senior Officer of Issuer |
— | 0 | — | Direct |
| Jun 22, 26 | Monaco (Bradley Robert) Senior Officer of Issuer |
BUY | 6.06K | $70.88K | Direct |
| Mar 31, 26 | Strem (Colin) Senior Officer of Issuer |
BUY | 4.00K | $49.94K | Direct |
| Jan 27, 26 | Canadian National Railway Company, Administrator of the CN Pension Trust Funds 10% Security Holder of Issuer |
— | 6.48M | — | Indirect |
| Jan 27, 26 | Canadian National Railway Company, Administrator of the CN Pension Trust Funds 10% Security Holder of Issuer |
— | 6.48M | — | Indirect |
| Jan 5, 26 | Strem (Colin) Senior Officer of Issuer |
BUY | 4.00K | $43.34K | Direct |
| Dec 16, 25 | Morihira (Shaina Brianne) Senior Officer of Issuer |
BUY | 18.50K | $200.00K | Direct |
| Dec 3, 25 | Farstad (Lisa) Senior Officer of Issuer |
BUY | 7.00K | $75.77K | Direct |
| Dec 2, 25 | Strem (Colin) Senior Officer of Issuer |
BUY | 4.00K | $42.38K | Direct |
| Sep 12, 25 | Strem (Colin) Senior Officer of Issuer |
BUY | 4.00K | $38.58K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Canadian National Railway Company, Administrator of the CN Pension Trust Funds |
10% Security Holder of Issuer | — | Change in nature of ownership |
Farstad (Lisa) |
Senior Officer of Issuer | 40.00K | Acquisition or disposition in the public market |
Monaco (Bradley Robert) |
Senior Officer of Issuer | 0 | Opening Balance-Initial SEDI Report |
Morihira (Shaina Brianne) |
Senior Officer of Issuer | 46.50K | Acquisition or disposition in the public market |
Strem (Colin) |
Senior Officer of Issuer | 24.00K | Acquisition or disposition in the public market |
Moving averages & technicals
SMA 10
17.40
+1.92% from price
SMA 20
17.15
+3.38% from price
SMA 50
16.74
+5.91% from price
SMA 100
17.04
+4.04% from price
SMA 200
16.53
+7.24% from price
EMA 12
17.38
+2.00% from price
EMA 26
17.13
+3.49% from price
EMA 50
17.00
+4.29% from price
RSI (14)
65.7
Neutral
MACD (12,26,9)
0.25
Hist 0.06
ATR (14)
0.28
1.59% of price
Realised vol 30D
17.3%
Annualised
Bollinger upper
17.82
20, 2σ
Bollinger lower
16.48
20, 2σ
50 / 200 cross
Golden
16.74 vs 16.53
Trend bias
Above 200
+7.24%
Risk profile
Beta vs SPY
0.03
Less volatile than market
Correlation to SPY
0.02
Largely independent
Realised vol 30D
17.3%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-12.6%
Peak to trough
Max drawdown 5Y
-38.0%
Peak to trough
ATR 14
0.28
1.59% of price
Beta (reported)
0.78
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
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