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BluMetric Environmental (TSE:BLM)
:BLM
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BluMetric Environmental
(BLM)
Rating:64Neutral
Price Target:
C$1.50
▲(11.11%Upside)
BluMetric Environmental (BLM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$50.13M
Dividend YieldN/A
Average Volume (3M)93.23K
Price to Earnings (P/E)1928.6
Beta (1Y)0.45
Revenue Growth49.38%
EPS Growth-93.75%
CountryCA
Employees220
SectorUtilities
Sector Strength71
IndustryWaste Management
Share Statistics
EPS (TTM)0.00
Shares Outstanding37,134,840
10 Day Avg. Volume27,392
30 Day Avg. Volume93,226
Financial Highlights & Ratios
PEG Ratio1.62
Price to Book (P/B)2.62
Price to Sales (P/S)0.00
P/FCF Ratio38.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering0
BluMetric Environmental Business Overview & Revenue Model
Company DescriptionBluMetric Environmental Inc. is a Canadian-based cleantech company that specializes in providing sustainable solutions for environmental issues. The company operates in sectors such as water and wastewater management, industrial hygiene, geosciences, and environmental engineering. Its core products and services include water purification systems, environmental assessments, and consulting services tailored to meet the specific needs of its diverse client base.
How the Company Makes MoneyBluMetric Environmental makes money through a multi-faceted revenue model that includes the sale of its water and wastewater treatment systems, consulting services, and environmental engineering solutions. The company generates revenue by delivering projects for both private and public sector clients, often involving long-term contracts. Additionally, BluMetric benefits from key partnerships with other technology firms and governmental bodies, which help expand its market reach and drive profitability. Revenue is also supplemented by providing specialized services in areas such as industrial hygiene and environmental assessments, catering to industries that require compliance with environmental regulations.
BluMetric Environmental Earnings Call Summary
Earnings Call Date:May 28, 2025
(Q4-2024)
| % Change Since: -20.59%|
Next Earnings Date:Aug 21, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive sentiment with improvements in gross margins, a record backlog, and stable revenue indicating strong operational resilience. Despite some challenges in the military market and increased operating expenses, the company is well-positioned with a strong financial base and growth in other sectors like mining.Q4-2024 Updates
Positive Updates
Record Backlog and Revenue Stability
BluMetric achieved a record backlog, setting up for modest revenue growth in 2024. Revenues were stable at $35.1 million for the fiscal year, with the fourth-quarter revenue at $10.3 million compared to $9.9 million in the same period of 2022.
Improved Gross Margins
Gross margins improved to 26% in the fourth quarter of fiscal year 2023, up from 18% in the same quarter of the prior year.
Significant Mining Market Growth
The mining market saw a 36% year-over-year revenue growth, driven by an expanding customer base and resumption of work on a large water treatment facility contract.
Strong Financial Position
BluMetric ended the fiscal year with a strong working capital position of $11.1 million, up from $10.9 million, and maintains minimal debt.
Successful Turnaround in Fourth Quarter
The company experienced a turnaround in the fourth quarter with improvements in revenue generation, gross margins, and profitability. EBITDA for the fourth quarter increased to $1.1 million from $0.3 million in the prior year's same quarter.
Negative Updates
Decline in Military Market Revenue
Military market revenues declined 13% year-over-year, primarily due to reduced activity on shipboard reverse osmosis systems, with the contract awaiting a replacement.
Increased Operating Expenses
Operating expenses increased to $6.6 million for fiscal year 2023, up from $5.8 million in the prior year, due to increased noncash share compensation costs and other operational expenses.
Decrease in Net Cash Balance
Net cash balance decreased to $2.2 million on September 30, 2023, from $3.6 million on September 30, 2022, due to increased operating expenses and timing of payments.
Company Guidance
During the BluMetric Environmental Inc. Q4 2023 earnings call, the executives shared various key metrics and insights. The company reported stable revenues for the fiscal year at $35.1 million, with the fourth quarter's revenues at $10.3 million, up from $9.9 million in the same period the previous year. A notable improvement was seen in the gross margin, which increased to 26% in Q4 from 18% in Q4 2022, attributed to project mix and delayed revenue recognition. EBITDA for the fiscal year was $1.7 million, with a significant Q4 increase to $1.1 million, compared to $0.3 million the previous year. The net income for the fiscal year was $0.5 million, with an increase in Q4 to $0.7 million. The company maintained a net cash balance of $2.2 million as of September 30, 2023, and a strong working capital position of $11.1 million. BluMetric also highlighted a record backlog, which positions them for modest revenue growth in 2024, and emphasized their continued focus on expanding their agile water systems both domestically and internationally.BluMetric Environmental Financial Statement Overview
Summary
BluMetric Environmental exhibits solid financial performance with strengths in cash flow generation and gross profit margins. However, profitability and leverage could be improved, with a low net profit margin and moderate debt-to-equity ratio.Income Statement
BluMetric Environmental demonstrates a strong gross profit margin of 36.8% TTM, indicating effective cost management. However, the net profit margin is relatively low at 0.5% TTM, highlighting potential challenges in translating revenue into profit. The revenue growth rate is modest at 15.6% TTM, which is positive but could be improved. EBIT and EBITDA margins are at 2.3% and 5.2% respectively, suggesting room for operational efficiency enhancements.72
Positive
Balance Sheet
The company's debt-to-equity ratio is moderate, reflecting manageable leverage. With a return on equity of 1.1% TTM, profitability on shareholder's equity is limited. The equity ratio of 45.8% TTM indicates reasonable financial stability, but there is potential to strengthen the equity position further.68
Positive
Cash Flow
BluMetric shows a robust operating cash flow to net income ratio of 10.8 TTM, indicating strong cash generation relative to net income. The free cash flow growth rate is positive, moving from negative in the previous period to a healthy position in the TTM. The free cash flow to net income ratio is 6.9 TTM, highlighting efficient cash utilization.75
Positive
| Breakdown | TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.28M | 34.84M | 35.08M | 34.32M | 35.48M | 28.62M |
| Gross Profit | 14.38M | 13.98M | 7.59M | 7.56M | 9.42M | 6.12M |
| EBITDA | 2.09M | 1.46M | 1.78M | 2.26M | 5.23M | 2.18M |
| Net Income | 200.82K | 64.00K | 506.72K | 1.32M | 3.73M | 471.46K |
Balance Sheet | ||||||
| Total Assets | 21.22M | 37.99M | 20.05M | 19.67M | 17.42M | 15.52M |
| Cash, Cash Equivalents and Short-Term Investments | 1.45M | 3.65M | 3.04M | 4.91M | 4.73M | 2.47M |
| Total Debt | 3.61M | 7.60M | 2.80M | 2.15M | 2.60M | 3.85M |
| Total Liabilities | 8.74M | 24.27M | 7.86M | 8.30M | 7.56M | 9.44M |
| Stockholders Equity | 12.48M | 13.72M | 12.19M | 11.37M | 9.86M | 6.08M |
Cash Flow | ||||||
| Free Cash Flow | 1.38M | -579.00K | -799.89K | 1.11M | 3.46M | 2.55M |
| Operating Cash Flow | 2.16M | 57.00K | -462.95K | 1.20M | 3.65M | 2.67M |
| Investing Cash Flow | -1.65M | -1.50M | -336.94K | -83.38K | -191.52K | 961.09K |
| Financing Cash Flow | 4.63M | 2.07M | -1.07M | -929.66K | -1.21M | -1.40M |
BluMetric Environmental Technical Analysis
Negative
1.35
Price Trends
1.42
Negative
1.24
Positive
1.03
Positive
Market Momentum
-0.02
Positive
42.15
Neutral
39.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BLM, the sentiment is Negative. The current price of 1.35 is below the 20-day moving average (MA) of 1.45, below the 50-day MA of 1.42, and above the 200-day MA of 1.03, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.15 is Neutral, neither overbought nor oversold. The STOCH value of 39.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BLM.
BluMetric Environmental Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | C$50.13M | 1,928.57 | 0.16% | ― | 49.38% | -93.75% | |
61 Neutral | C$4.83B | -11.88 | -12.21% | 4.52% | 11.13% | -68.91% | |
56 Neutral | C$48.54M | ― | -2757.94% | ― | 191.62% | -57.36% | |
50 Neutral | C$32.88M | ― | -321.92% | ― | 25.24% | 34.24% | |
47 Neutral | C$39.82M | ― | -2752.20% | ― | 153.17% | 43.51% |
* Utilities Sector Average
Performance Comparison
TSE:BLM
BluMetric Environmental
1.35
0.91
206.82%
TSE:ECM
Ecolomondo Corporation
0.18
-0.02
-10.00%
TSE:YES
CHAR Technologies
0.26
-0.08
-23.53%
TSE:ROOF
Northstar Clean Technologies
0.36
0.13
56.52%
BluMetric Environmental Corporate Events
Business Operations and StrategyFinancial Disclosures
BluMetric Environmental Reports Record Q2 2025 Revenue Amid Strategic Growth
Positive
May 28, 2025
BluMetric Environmental Inc. reported a record revenue for the second fiscal quarter of 2025, driven by the successful integration and growth of Gemini Water. The company’s revenue mix has shifted significantly towards WaterTech, with strategic investments in new facilities and personnel to support this growth. Despite a decrease in gross margin due to changes in sales mix, BluMetric is positioning itself for future growth by expanding its operations and pursuing new market opportunities, including a partnership with Rheinmetall Canada and a new service contract with the Department of National Defence.
Business Operations and Strategy
BluMetric Secures $5.8M Contract with Canadian Defence for Water Purification
Positive
May 27, 2025
BluMetric Environmental Inc. has secured a new Master Service Agreement with the Canadian Department of National Defence for the maintenance and support of Reverse Osmosis Water Purification Units. This three-year contract, with potential extensions, begins with an initial $5.8 million service order, highlighting the department’s trust in BluMetric’s capabilities to deliver reliable water purification solutions under demanding conditions.
Product-Related AnnouncementsBusiness Operations and Strategy
BluMetric Advances with $12.2M Military Water Systems Contract
Positive
May 5, 2025
BluMetric Environmental Inc. has received a notice to proceed with the production of its Mission Ready Water systems under a $12.2 million contract with Rheinmetall Canada for the Canadian Armed Forces. The contract involves producing 26 self-contained water treatment units and associated equipment, with delivery expected within 18 months. This development follows successful testing of the initial unit and highlights BluMetric’s capability to meet military standards, potentially strengthening its military partnerships globally. Additionally, the company has granted stock options to its directors and employees, reflecting its commitment to rewarding its team.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.