Source Energy Services Stock Net Income
| SHLE Stock | CAD 17.30 0.79 4.78% |
As of the 2nd of February, Source Energy has the Risk Adjusted Performance of 0.1575, coefficient of variation of 483.48, and Semi Deviation of 2.91. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Source Energy Services, as well as the relationship between them.
Source Energy Total Revenue |
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Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 0.693 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Income From Continuing Ops | 10.9 M | 11.5 M | |
| Net Income Applicable To Common Shares | 10.9 M | 11.5 M | |
| Net Income | 10.9 M | 11.5 M | |
| Net Income Per Share | 0.63 | 0.66 | |
| Net Income Per E B T | 0.61 | 1.13 |
Source | Net Income |
Evaluating Source Energy's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Source Energy Services's fundamental strength.
Latest Source Energy's Net Income Growth Pattern
Below is the plot of the Net Income of Source Energy Services over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Source Energy Services financial statement analysis. It represents the amount of money remaining after all of Source Energy Services operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Source Energy's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Source Energy's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 9.51 M | 10 Years Trend |
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Net Income |
| Timeline |
Source Net Income Regression Statistics
| Arithmetic Mean | (6,700,796) | |
| Geometric Mean | 19,152,377 | |
| Coefficient Of Variation | (1,034) | |
| Mean Deviation | 41,530,968 | |
| Median | 9,509,000 | |
| Standard Deviation | 69,253,721 | |
| Sample Variance | 4796.1T | |
| Range | 352.8M | |
| R-Value | 0.01 | |
| Mean Square Error | 5115.6T | |
| R-Squared | 0.000039 | |
| Significance | 0.98 | |
| Slope | 85,307 | |
| Total Sum of Squares | 76737.2T |
Source Net Income History
Source Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Source Energy is extremely important. It helps to project a fair market value of Source Stock properly, considering its historical fundamentals such as Net Income. Since Source Energy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Source Energy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Source Energy's interrelated accounts and indicators.
Click cells to compare fundamentals
Source Energy 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Source Energy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Source Energy.
| 11/04/2025 |
| 02/02/2026 |
If you would invest 0.00 in Source Energy on November 4, 2025 and sell it all today you would earn a total of 0.00 from holding Source Energy Services or generate 0.0% return on investment in Source Energy over 90 days. Source Energy is related to or competes with ACT Energy, Pulse Seismic, Gran Tierra, Reconnaissance Energy, Anfield Resources, Hemisphere Energy, and Kolibri Global. Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas e... More
Source Energy Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Source Energy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Source Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.48 | |||
| Information Ratio | 0.1938 | |||
| Maximum Drawdown | 17.79 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 5.51 |
Source Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Source Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Source Energy's standard deviation. In reality, there are many statistical measures that can use Source Energy historical prices to predict the future Source Energy's volatility.| Risk Adjusted Performance | 0.1575 | |||
| Jensen Alpha | 0.658 | |||
| Total Risk Alpha | 0.5352 | |||
| Sortino Ratio | 0.1917 | |||
| Treynor Ratio | 0.5652 |
Source Energy February 2, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1575 | |||
| Market Risk Adjusted Performance | 0.5752 | |||
| Mean Deviation | 2.52 | |||
| Semi Deviation | 2.91 | |||
| Downside Deviation | 3.48 | |||
| Coefficient Of Variation | 483.48 | |||
| Standard Deviation | 3.44 | |||
| Variance | 11.83 | |||
| Information Ratio | 0.1938 | |||
| Jensen Alpha | 0.658 | |||
| Total Risk Alpha | 0.5352 | |||
| Sortino Ratio | 0.1917 | |||
| Treynor Ratio | 0.5652 | |||
| Maximum Drawdown | 17.79 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 5.51 | |||
| Downside Variance | 12.08 | |||
| Semi Variance | 8.46 | |||
| Expected Short fall | (2.79) | |||
| Skewness | (0.39) | |||
| Kurtosis | 2.86 |
Source Energy Services Backtested Returns
Source Energy appears to be not too volatile, given 3 months investment horizon. Source Energy Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18 % return per unit of risk over the last 3 months. By inspecting Source Energy's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please review Source Energy's Semi Deviation of 2.91, coefficient of variation of 483.48, and Risk Adjusted Performance of 0.1575 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Source Energy holds a performance score of 14. The entity has a beta of 1.24, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Source Energy will likely underperform. Please check Source Energy's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Source Energy's existing price patterns will revert.
Auto-correlation | 0.42 |
Average predictability
Source Energy Services has average predictability. Overlapping area represents the amount of predictability between Source Energy time series from 4th of November 2025 to 19th of December 2025 and 19th of December 2025 to 2nd of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Source Energy Services price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Source Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Source Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Source Energy Services reported net income of 9.51 M. This is 99.58% lower than that of the Energy Equipment & Services sector and 79.72% lower than that of the Energy industry. The net income for all Canada stocks is 98.33% higher than that of the company.
Source Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Source Energy's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Source Energy could also be used in its relative valuation, which is a method of valuing Source Energy by comparing valuation metrics of similar companies.Source Energy is currently under evaluation in net income category among its peers.
Source Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0499 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 471.74 M | ||||
| Shares Outstanding | 13.14 M | ||||
| Shares Owned By Insiders | 11.13 % | ||||
| Shares Owned By Institutions | 11.54 % | ||||
| Number Of Shares Shorted | 88.47 K | ||||
| Price To Earning | 6.14 X | ||||
| Price To Book | 1.03 X | ||||
| Price To Sales | 0.33 X | ||||
| Revenue | 673.95 M | ||||
| Gross Profit | 118.55 M | ||||
| EBITDA | 102.69 M | ||||
| Net Income | 9.51 M | ||||
| Cash And Equivalents | 4.57 M | ||||
| Cash Per Share | 0.08 X | ||||
| Total Debt | 274.87 M | ||||
| Current Ratio | 1.58 X | ||||
| Book Value Per Share | 15.99 X | ||||
| Cash Flow From Operations | 94.39 M | ||||
| Short Ratio | 2.60 X | ||||
| Earnings Per Share | 1.77 X | ||||
| Target Price | 17.75 | ||||
| Number Of Employees | 512 | ||||
| Beta | 2.98 | ||||
| Market Capitalization | 227.24 M | ||||
| Total Asset | 598.22 M | ||||
| Retained Earnings | (244.94 M) | ||||
| Working Capital | 71.62 M | ||||
| Current Asset | 54.83 M | ||||
| Current Liabilities | 46.33 M | ||||
| Net Asset | 598.22 M |
About Source Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Source Energy Services's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Source Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Source Energy Services based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Source Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Source Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Source Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Source Stock
| 0.87 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.9 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.84 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Source Stock
| 0.74 | SAGE | Sage Potash Corp | PairCorr |
| 0.7 | MSFT | Microsoft CDR | PairCorr |
| 0.7 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.6 | ENS-PA | E Split Corp | PairCorr |
| 0.52 | AAPL | Apple CDR | PairCorr |
The ability to find closely correlated positions to Source Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Source Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Source Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Source Energy Services to buy it.
The correlation of Source Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Source Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Source Energy Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Source Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Source Stock
Source Energy financial ratios help investors to determine whether Source Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Source with respect to the benefits of owning Source Energy security.