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Scully Royalty

DB:MB01
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MB01
DB
$93M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Scully Royalty Ltd. operates as a merchant banking company worldwide. The last earnings update was 94 days ago. More info.


Add to Portfolio Compare Print
  • Scully Royalty has significant price volatility in the past 3 months.
MB01 Share Price and Events
7 Day Returns
5.6%
DB:MB01
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
4.1%
DB:MB01
-11.8%
DE Capital Markets
-20.4%
DE Market
MB01 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Scully Royalty (MB01) 5.6% -11.3% -36.7% 4.1% - -
DE Capital Markets -6.8% -21.9% -18% -11.8% -29% -57.8%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • MB01 outperformed the Capital Markets industry which returned -11.8% over the past year.
  • MB01 outperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
MB01
Industry
5yr Volatility vs Market

MB01 Value

 Is Scully Royalty undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Scully Royalty. This is due to cash flow or dividend data being unavailable. The share price is €6.65.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Scully Royalty's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Scully Royalty's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MB01 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$10.20
NYSE:SRL Share Price ** NYSE (2020-04-02) in USD $7.41
NYSE:SRL Share Price converted to CAD reporting currency Exchange rate (USD/ CAD) 1.421 CA$10.53
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Scully Royalty.

DB:MB01 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SRL Share Price ÷ EPS (both in CAD)

= 10.53 ÷ 10.20

1.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Scully Royalty is good value based on earnings compared to the DE Capital Markets industry average.
  • Scully Royalty is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Scully Royalty's expected growth come at a high price?
Raw Data
DB:MB01 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Scully Royalty, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Scully Royalty's assets?
Raw Data
DB:MB01 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$28.74
NYSE:SRL Share Price * NYSE (2020-04-02) in USD $7.41
NYSE:SRL Share Price converted to CAD reporting currency Exchange rate (USD/ CAD) 1.421 CA$10.53
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:MB01 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SRL Share Price ÷ Book Value per Share (both in CAD)

= 10.53 ÷ 28.74

0.37x

* Primary Listing of Scully Royalty.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Scully Royalty is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Scully Royalty's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Scully Royalty has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MB01 Future Performance

 How is Scully Royalty expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Scully Royalty has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
40%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Scully Royalty expected to grow at an attractive rate?
  • Unable to compare Scully Royalty's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Scully Royalty's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Scully Royalty's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:MB01 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MB01 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MB01 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 128 -9 128
2019-03-31 133 -8 120
2018-12-31 138 -7 112
2018-09-30 148 6 -50
2018-06-30 170 12 -73
2018-03-31 198 15 -62
2017-12-31 269 -3 -48
2017-09-30 415 -21 -31
2017-06-30 612 5 -31
2017-03-31 872 -25 -27
2016-12-31 1,116 100 -25
2016-09-30 1,343 -63 -57

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Scully Royalty is high growth as no earnings estimate data is available.
  • Unable to determine if Scully Royalty is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MB01 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Scully Royalty Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MB01 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 10.20
2019-03-31 9.58
2018-12-31 8.96
2018-09-30 -3.97
2018-06-30 -5.83
2018-03-31 -4.93
2017-12-31 -3.81
2017-09-30 -2.44
2017-06-30 -2.49
2017-03-31 -2.17
2016-12-31 -2.01
2016-09-30 -4.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Scully Royalty will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Scully Royalty is trading at Scully Royalty'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Scully Royalty's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Scully Royalty's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Scully Royalty's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Scully Royalty has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MB01 Past Performance

  How has Scully Royalty performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Scully Royalty's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Scully Royalty has delivered over 20% year on year earnings growth in the past 5 years.
  • Scully Royalty has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Scully Royalty has become profitable in the last year making it difficult to compare the DE Capital Markets industry average.
Earnings and Revenue History
Scully Royalty's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Scully Royalty Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MB01 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 127.78 127.84 0.00
2019-03-31 132.87 120.06 0.03
2018-12-31 137.97 112.28 0.07
2018-09-30 148.35 -49.75 2.95
2018-06-30 170.19 -73.08 2.95
2018-03-31 198.30 -61.75 2.91
2017-12-31 269.10 -47.86 2.88
2017-09-30 414.57 -30.66
2017-06-30 611.72 -31.41
2017-03-31 871.88 -27.40
2016-12-31 1,115.91 -25.36
2016-09-30 1,342.59 -57.11
2016-06-30 1,501.99 -257.26
2016-03-31 1,618.92 -251.69
2015-12-31 1,611.46 -246.23
2015-09-30 1,262.73 -193.93 -0.09
2015-06-30 1,375.34 8.53 -0.05
2015-03-31 1,331.68 0.84 0.42
2014-12-31 1,390.89 17.84 0.42
2014-09-30 1,257.23 -14.93 0.43
2014-06-30 1,047.76 -2.03 0.41
2014-03-31 908.48 7.75
2014-01-01 611.94 4.32
2013-09-30 706.57 -30.63 0.00
2013-06-30 624.75 197.48 0.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Scully Royalty has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Scully Royalty used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Scully Royalty improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Scully Royalty's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Scully Royalty has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MB01 Health

 How is Scully Royalty's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Scully Royalty's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Scully Royalty is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Scully Royalty's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Scully Royalty's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 18x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Scully Royalty Company Filings, last reported 9 months ago.

DB:MB01 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 368.11 4.42 58.35
2019-03-31 368.11 4.42 58.35
2018-12-31 394.41 4.02 75.37
2018-09-30 258.58 3.73 66.46
2018-06-30
2018-03-31 279.95 46.11 75.07
2017-12-31 279.95 46.11 75.07
2017-09-30 305.99 147.15 64.19
2017-06-30 316.19 148.80 56.71
2017-03-31 321.95 151.39 62.17
2016-12-31 329.43 218.68 121.92
2016-09-30 339.94 440.21 243.72
2016-06-30 348.69 424.64 218.91
2016-03-31 348.38 457.89 254.46
2015-12-31 369.20 316.14 203.24
2015-09-30 472.13 552.13 406.67
2015-06-30 832.16 503.59 312.03
2015-03-31 833.51 623.03 419.47
2014-12-31 778.93 553.97 351.46
2014-09-30 794.41 477.24 225.03
2014-06-30 763.23 485.49 196.64
2014-03-31 759.91 507.45 392.95
2014-01-01 744.25 389.92 354.78
2013-09-30 759.11 377.43 301.92
2013-06-30 787.96 410.74 348.33
  • Scully Royalty's level of debt (1.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (63.6% vs 1.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Scully Royalty's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Scully Royalty's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Scully Royalty has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MB01 Dividends

 What is Scully Royalty's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Scully Royalty dividends.
If you bought €2,000 of Scully Royalty shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Scully Royalty's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Scully Royalty's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MB01 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Scully Royalty has not reported any payouts.
  • Unable to verify if Scully Royalty's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Scully Royalty's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Scully Royalty has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Scully Royalty's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Scully Royalty afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Scully Royalty has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MB01 Management

 What is the CEO of Scully Royalty's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Smith
COMPENSATION CA$824,044
AGE 71
TENURE AS CEO 2.8 years
CEO Bio

Mr. Michael J. Smith, Esq. has been the Chairman, Chief Executive Officer, President, Chief Financial Officer and Secretary of Mansfelder Metals Ltd. since October 4, 2004 and also serves as its Principal Accounting Officer. Mr. Smith has been Managing Director, President, and Chief Executive Officer since June 2017 at MFC Industrial Ltd., and also serves as its Chairman. Mr. Smith has been the President of Sasamat Capital Corp. since February 9, 2001 and serves as its Chief Financial Officer. He has been Managing Director since June 2017 at Scully Royalty Ltd. (formerly MFC Bancorp Ltd) and serves as its President and Chief Executive Officer since June 2017 and serves as its Chairman since March 2016. Mr. Smith serves as the Chief Financial Officer of Cybernet Internet Services International Inc. He has been the Chief Executive Officer and President of Cybernet Internet Services International Inc., since March 12, 2002. Mr. Smith has been the Chief Executive Officer, President and Secretary of Blue Earth Refineries Inc. since 2004 and serves as its Principal Accounting Officer. Mr. Smith serves as Company Secretary of Canoro Resources Ltd. He serves as an Investment Banker for Brill Securities. Mr. Smith had been Vice President at Royal Caribbean Cruises Ltd. since February 1995 and served as its Secretary and General Counsel since 1990. He served as the Chief Executive Officer at MFC Industrial Ltd from March 2010 to March 31, 2014 and served as its President until March 31, 2014. Mr. Smith served as the Chairman of the Board, Chief Financial Officer and Principal Accounting Officer of MFC Industrial Ltd. from 2003 to March 2014. He serves as an outside business Consultant to numerous private emerging growth companies. Mr. Smith served as President of MFC Industrial Ltd since 1996. He served as the Chief Executive Officer, President and Chairman of the Board at Mass Financial Corp. and served as its Director since 1997. Mr. Smith was Executive Officer at ICHOR Corp. He served as the Chairman of Terra Nova Royalty Corporation since 2003, its Chief Executive Officer and President since 2010 and served as its Interim Chief Financial Officer and Principal Accounting Officer. Mr. Smith serves as the Chief Executive Officer of Med Net International Ltd. He served as Secretary of KHD Humboldt Wedag International Ltd. from October 6, 2003 to March 1, 2008, Principal Accounting Officer until October 16, 2007, Chief Financial Officer from 2003 to October 16, 2007 and its President and Chief Executive Officer from 1996 to March 7, 2006. Mr. Smith served as President and Director of Med Net International Ltd. since February 20, 2004. He served as Chief Executive Officer, Principal Accounting Officer and Secretary of Trimaine Holdings Inc. and served as its Chief Financial Officer since January 1994, it’s Executive Vice President until 1996 and it’s President since 1996. Mr. Smith has extensive experience in advisory services, corporate finance, restructuring and international taxation. He served as the Chief Executive Officer and President of Drummond Financial Corp., since May 26, 1995 and its Chief Financial Officer since June 1995 and served as its Secretary. Mr. Smith served as an Executive Vice-President, Chief Financial Officer and Secretary of Mercer International Inc. from 1985 to 1996. He has over fourteen years of experience in the securities industry specializing in finance for middle market and emerging growth companies. Mr. Smith served as President of Stanhope Capital, Inc., as well as a Managing Director of Condor Ventures, Inc., a Stamford Connecticut based venture capital firm. Mr. Smith served as Member of the Management Board, Principal Financial Officer and Principal Executive Officer of DTA Holding AG (Formerly DTA Holding Aktiengesellschaft and Digitale Telekabel AG). Mr. Smith served as Chief Executive Officer, President, Chief Financial Officer and Secretary of Cathay Merchant Group Inc. from September 16, 2003 to April 20, 2004. He served as the Chief Executive Officer and President of Euro Trade & Forfaiting Inc., since February 4, 2000 and also served as its Secretary. He founded Prentiss Howard Group in 1979. He serves as the Chairman of Sasamat Capital Corp. and has been its Director since 1986. Mr. Smith serves as Director of Marine Shuttle Operations Inc. He has been a Director of Euro Trade & Forfaiting Inc. since February 4, 2000, Blue Earth Refineries Inc. since 2004, Cybernet Internet Services International Inc., since March 12, 2002, Terra Nova Royalty Corporation since 1986 and Mansfelder Metals Ltd. since May 10, 2004. He has been a Director at Scully Royalty Ltd. (formerly known as MFC Bancorp Ltd.) since 1986. He served as a Member of Supervisory Board at KHD Humboldt Wedag Vermögensverwaltungs-AG since May 30, 2003. Mr. Smith serves as a Member of Supervisory Board of MFC Industrial Holdings AG, Cologne, MFC CapitalPartners AG, Berlin, Altmark Industriepark AG, Arneburg and KHD Humboldt Wedag AG, Cologne. Mr. Smith served as Member of Board of Directors of Cathay Merchant Group Inc. from September 9, 2003 to April 20, 2004 and Drummond Financial Corp., from March 1995 to May 26, 1995. He served as a Director of Canoro Resources Ltd. from April 28, 2010 to July 4, 2011. Mr. Smith served as a Director of Trimaine Holdings Inc. since January 1994. He served as a Trustee of Mercer International Inc. from 1985 to 1996. Mr. Smith served as a Trustee of Ceyoniq Inc. since March 1999. He served as a Director of CEYONIQ, Inc. since March 1999.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Michael's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Scully Royalty management team in years:

5.8
Average Tenure
62
Average Age
  • The average tenure for the Scully Royalty management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael Smith

TITLE
Chairman
COMPENSATION
CA$824K
AGE
71
TENURE
2.8 yrs

Sam Morrow

TITLE
Deputy CEO & CFO
COMPENSATION
CA$387K
AGE
34
TENURE
5.8 yrs

Ferdinand Steinbauer

TITLE
Treasurer
COMPENSATION
CA$550K
AGE
62
TENURE
5.9 yrs
Board of Directors Tenure

Average tenure and age of the Scully Royalty board of directors in years:

3.3
Average Tenure
65.5
Average Age
  • The tenure for the Scully Royalty board of directors is about average.
Board of Directors

Michael Smith

TITLE
Chairman
COMPENSATION
CA$824K
AGE
71
TENURE
4.1 yrs

Silke S. Brossmann

TITLE
Independent Director
COMPENSATION
CA$151K
AGE
51
TENURE
3.3 yrs

Shuming Zhao

TITLE
Independent Director
COMPENSATION
CA$103K
AGE
67
TENURE
6.1 yrs

Indrajit Chatterjee

TITLE
Independent Director
COMPENSATION
CA$96K
AGE
73
TENURE
3.3 yrs

Friedrich Hondl

TITLE
Independent Director
COMPENSATION
CA$97K
AGE
59
TENURE
3.3 yrs

Jochen Dümler

TITLE
Independent Director
COMPENSATION
CA$148K
AGE
64
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Scully Royalty's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Scully Royalty has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MB01 News

Simply Wall St News

MB01 Company Info

Description

Scully Royalty Ltd. operates as a merchant banking company worldwide. The company operates through two segments, Merchant Banking and All Other. The Merchant Banking segment includes interest in an iron ore mine, captive supply assets and financial services, proprietary investing activities, and hydrocarbon interests. This segment holds various production assets, including a zinc alloy processing facility located in Slovakia; a hydro-electric power plant located in Africa; a non-ferrous rolling mill in Germany; and hydrocarbon production and processing assets in Canada, as well as a mining sub-lease of the lands upon which the Scully iron ore mine is situated in Newfoundland and Labrador, Canada. This segment also offers specialty banking services with a focus on merchant banking products and services for corporations and institutions. The All Other segment is involved in the business activities related to medical equipment, instruments, supplies, and services. The company was formerly known as MFC Bancorp Ltd. and changed its name to Scully Royalty Ltd. in June 2019. Scully Royalty Ltd. was incorporated in 2017 and is based in Central, Hong Kong.

Details
Name: Scully Royalty Ltd.
MB01
Exchange: DB
Founded: 2017
$85,076,918
12,554,801
Website: http://www.scullyroyalty.com
Address: Scully Royalty Ltd.
Dina House,
Unit 803,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SRL Common Shares New York Stock Exchange US USD 14. Jul 2017
DB MB01 Common Shares Deutsche Boerse AG DE EUR 14. Jul 2017
Number of employees
Current staff
Staff numbers
216
Scully Royalty employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 02:48
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2019/12/31
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.