Airboss of America (BOS) AI Stock Analysis

• Market Cap: C$115.66M
• Dividend Yield: 3.12%
• Average Volume (3M): 10.52K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.42
• Revenue Growth: 5.06%
• EPS Growth: 93.02%
• Country: CA
• Employees: 1,224
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 0.00
• Shares Outstanding: 27,149,223
• 10 Day Avg. Volume: 11,702
• 30 Day Avg. Volume: 10,516
• PEG Ratio: 0.07
• Price to Book (P/B): 0.57
• Price to Sales (P/S): 0.19
• P/FCF Ratio: -38.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$6.00
• Price Target Upside: 30.43% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: C$4.50 ▼(-2.17% Downside)

AirBoss of America's overall stock score reflects a mixed financial performance with improvements in revenue and cash flow, but ongoing profitability challenges. The earnings call provided positive insights into operational improvements, particularly in the Manufactured Products segment. However, technical indicators suggest bearish momentum, and valuation remains pressured by negative earnings.

Positive Factors

Defense Segment Growth

The new order from the Canadian Department of National Defense highlights the strength and growth potential of AirBoss's Defense segment, securing long-term revenue streams and reinforcing its position in the defense market.

Cash Flow Improvement

Significant improvement in free cash flow indicates enhanced cash generation ability, providing the company with more financial flexibility for investments and debt reduction.

Manufactured Products Growth

Strong growth in the Manufactured Products segment demonstrates effective market penetration and operational improvements, contributing to overall revenue growth.

Negative Factors

Profitability Challenges

Ongoing profitability issues, as indicated by a negative net profit margin, suggest challenges in cost management and pricing power, potentially impacting long-term financial health.

Rubber Solutions Decline

Decline in the Rubber Solutions segment highlights market softness and economic uncertainty, posing risks to revenue stability and diversification efforts.

Economic and Geopolitical Challenges

Economic and geopolitical challenges, including tariffs, create uncertainty and hinder volume recovery, affecting the company's ability to maintain consistent growth.

Airboss of America Business Overview & Revenue Model

Company Description

Airboss of America Corp. is a diversified company specializing in the manufacturing of advanced rubber products and engineered materials. The company operates in three primary sectors: Defense, Industrial, and Automotive. Airboss's core products include personal protective equipment, specialty rubber compounds, and custom-engineered solutions, catering to both government and commercial clients. The company is known for its commitment to innovation and high-quality standards, positioning itself as a leader in the development of protective gear and materials.

How the Company Makes Money

Airboss of America generates revenue through the sale of its various product lines across its three business sectors. The Defense segment contributes significantly to earnings through contracts with government agencies for personal protective equipment and specialty rubber products. The Industrial sector generates revenue from the production of rubber compounds and custom solutions for diverse industrial applications. In the Automotive sector, Airboss profits from manufacturing rubber products used in vehicle components. Key revenue streams include direct sales, government contracts, and long-term partnerships with clients in these sectors. Additionally, strategic alliances with other firms enhance its market reach, while investments in research and development drive innovation, allowing the company to maintain competitive pricing and attract new customers.

Airboss of America Financial Statement Overview

Summary

Airboss of America is navigating through a challenging period with mixed financial performance. While there are signs of improvement in cash flow and gross profit margins, the company continues to face profitability challenges with negative net income and return on equity. The balance sheet remains stable, but the company needs to focus on enhancing operational efficiency and profitability to ensure long-term growth and stability.

Income Statement

Airboss of America has faced declining revenue and profitability over recent years. The TTM data shows a slight improvement in gross profit margin to 15.00%, but net profit margin remains negative at -4.08%. The company has struggled with consistent revenue growth, showing an 84.1% increase in the latest TTM period, but this follows a period of significant revenue decline. EBIT and EBITDA margins have improved but remain low, indicating ongoing operational challenges.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.95 in the TTM period, indicating manageable leverage. However, the return on equity is negative, reflecting ongoing losses. The equity ratio stands at 40.73%, suggesting a stable capital structure, but the company needs to improve profitability to enhance shareholder value.

Cash Flow

Cash flow performance has shown some improvement, with a positive free cash flow growth rate of 39.19% in the TTM period. The operating cash flow to net income ratio is 0.25, indicating some ability to convert earnings into cash. However, the free cash flow to net income ratio is below 1, suggesting room for improvement in cash generation relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	396.13M	387.02M	426.02M	477.15M	586.86M	501.57M
Gross Profit	66.42M	54.00M	58.41M	24.13M	136.30M	135.92M
EBITDA	26.43M	13.68M	-11.18M	-12.77M	79.59M	100.38M
Net Income	-3.66M	-20.39M	-41.75M	-31.89M	46.70M	56.26M
Balance Sheet
Total Assets	310.63M	309.53M	356.66M	440.77M	443.26M	367.37M
Cash, Cash Equivalents and Short-Term Investments	10.17M	6.49M	28.99M	18.55M	7.13M	86.97M
Total Debt	103.58M	117.43M	131.34M	143.69M	80.61M	90.73M
Total Liabilities	186.97M	183.52M	207.80M	243.77M	208.12M	172.78M
Stockholders Equity	123.66M	126.01M	148.86M	197.00M	235.15M	194.59M
Cash Flow
Free Cash Flow	21.61M	-1.85M	32.41M	-40.97M	-15.97M	89.47M
Operating Cash Flow	32.38M	8.78M	40.92M	-30.77M	2.02M	104.40M
Investing Cash Flow	-10.75M	-10.61M	-8.46M	-10.19M	-64.56M	-8.54M
Financing Cash Flow	-24.97M	-20.79M	-22.20M	52.20M	-17.53M	-9.59M

Airboss of America Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BOS, the sentiment is Neutral. The current price of 4.6 is above the 20-day moving average (MA) of 4.25, above the 50-day MA of 4.57, and above the 200-day MA of 4.49, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 56.44 is Neutral, neither overbought nor oversold. The STOCH value of 80.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:BOS.

Airboss of America Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VNP	66 Neutral	C$1.73B	28.28	26.65%	―	30.36%	181.15%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BOS	53 Neutral	C$115.66M	-20.70	-2.95%	3.12%	5.06%	93.02%
NEO	53 Neutral	C$702.19M	-48.34	-1.61%	2.47%	8.04%	-195.66%
GMG	52 Neutral	C$136.50M	-16.67	-92.59%	―	6.29%	-3.71%
ECO	49 Neutral	C$252.00M	-311.59	-2.11%	―	30.76%	52.23%
NANO	45 Neutral	C$183.97M	-16.79	-64.59%	―	―	56.03%

Airboss of America Corporate Events

AirBoss Secures US$8.1M Order for Advanced Defense Equipment

AirBoss of America announced a significant order valued at up to US$8.1 million for its Low Burden Masks (LBM) and related accessories from the Canadian Department of National Defense. This order, part of the ongoing JGSR Contract, highlights the continued adoption of the LBM, reinforcing the company’s positive momentum in the defense sector. The LBM, designed for optimal weight distribution and minimal breathing resistance, has been widely adopted by military customers globally since its introduction. This development underscores AirBoss’s commitment to providing advanced protective solutions, enhancing its industry positioning and offering potential growth opportunities.

AirBoss of America Corp. Reports Strong Q3 2025 Financial Results

AirBoss of America Corp. reported a notable increase in its third-quarter 2025 adjusted EBITDA to $7.3 million, up from $6.4 million in the same period last year, alongside a reduction in losses. The company has also improved its cash flow and reduced borrowings, indicating a disciplined approach to debt management amidst economic challenges. AirBoss continues to focus on operational execution and cost management to navigate market volatility, with strategic plans to grow its rubber solutions and manufactured products segments.