BYT Holdings Ltd (BYT) AI Stock Analysis

• Market Cap: C$2.21M
• Dividend Yield: N/A
• Average Volume (3M): 19.59K
• Price to Earnings (P/E): ―
• Beta (1Y): -6.00
• Revenue Growth: -43.73%
• EPS Growth: 59.26%
• Country: CA
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): >-0.01
• Shares Outstanding: 63,039,200
• 10 Day Avg. Volume: 38,122
• 30 Day Avg. Volume: 19,588
• PEG Ratio: -0.04
• Price to Book (P/B): 0.70
• Price to Sales (P/S): 0.78
• P/FCF Ratio: -11.96
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: C$0.03 ▲(70.00% Upside)
• Action: Downgraded Date: 01/27/26
• Date: Action: Downgraded 01/27/26

The score is held down primarily by shrinking revenue, ongoing losses, and deeply negative operating/free cash flow. Technicals also look weak with the price below major moving averages and negative MACD. A low-leverage balance sheet provides some support, but negative earnings (and no dividend data) limit valuation upside.

Positive Factors

Very low leverage / strong balance sheet

A very low debt-to-equity ratio and materially reduced debt provide durable financial flexibility. This supports ongoing investment in portfolio companies, cushions operating losses, and lowers refinancing risk, enabling the firm to deploy capital opportunistically over months.

High gross margin

A sustained ~84% gross margin indicates the core investment/asset economics are favorable before overhead. If management can stabilize SG&A and operating costs, the high gross margin creates a structural path to profitability as revenue stabilizes or grows over the medium term.

Diversified holding business model and revenue streams

Multiple revenue channels—equity appreciation, management and performance fees, and consulting—reduce single-source dependency. This structural diversification across tech, healthcare, and renewables helps stabilize cash flow and allows the firm to monetize portfolio gains via several durable pathways.

Negative Factors

Sharply shrinking revenue

A persistent, large decline in revenue undermines scale benefits and erodes the fee base for investment management and consulting. Over months this reduces operating leverage, hampers reinvestment, and makes attaining sustainable profitability more difficult without clear revenue stabilization.

Deeply negative operating and free cash flow

Consistently negative operating and free cash flow implies the business consumes cash to operate and grow. This creates ongoing funding needs, limits ability to support portfolio companies internally, and increases reliance on external financing or equity dilution over the medium term.

Ongoing losses and negative margins

Sustained negative EBIT/EBITDA margins indicate the capital base is not generating returns for shareholders. Over a multi-month horizon this limits reinvestment capacity, weakens incentive alignment for performance fees, and raises execution risk around any turnaround plans.

BYT Holdings Ltd Business Overview & Revenue Model

Company Description

BYT Holdings Ltd (BYT) is a diversified holding company primarily focused on investments in technology, healthcare, and renewable energy sectors. The company seeks to identify and support innovative firms that are poised for growth, leveraging its expertise to enhance operational efficiencies and drive value creation. BYT's core offerings include investment management services, strategic consulting, and support for portfolio companies in scaling their operations and market presence.

How the Company Makes Money

BYT Holdings Ltd generates revenue through multiple streams. Primarily, the company earns money by investing in high-potential startups and established firms within its focus sectors, taking equity stakes that appreciate over time. Additionally, BYT provides investment management services, charging management fees and performance-based fees on the returns generated from its investment portfolio. The company may also engage in strategic partnerships with other firms to co-invest in projects or provide joint services, further enhancing its earnings potential. Furthermore, BYT capitalizes on its expertise by offering consulting services to its portfolio companies, aiding them in operational improvements and market expansion, which can lead to increased valuations and subsequent realizations of gains.

BYT Holdings Ltd Financial Statement Overview

Summary

Overall fundamentals are weak: revenue has been shrinking sharply (TTM -25.1%), the company remains loss-making with negative EBIT/EBITDA margins, and operating/free cash flow are deeply negative. The main offset is a relatively strong balance sheet with very low leverage (debt-to-equity ~0.04) and reduced debt, but profitability and cash generation are still major risks.

Income Statement

Revenue has been shrinking for several years, with TTM (Trailing-Twelve-Months) down sharply (-25.1%). Profitability remains weak: despite a very strong TTM gross margin (~84%), the company is still operating at a loss (negative EBIT/EBITDA margins) and posted a sizable net loss in TTM. Losses have narrowed versus some prior years (notably 2022 and 2024), but the earnings profile is still volatile and not yet demonstrating a durable turnaround.

Balance Sheet

The balance sheet is a relative bright spot, with low leverage in TTM (debt-to-equity ~0.04) and a large equity base versus debt. Total debt has come down materially from earlier years (2020–2022 levels), improving financial flexibility. The key weakness is persistent negative returns for shareholders (negative return on equity), reflecting that the capital base is not currently generating profits.

Cash Flow

Cash generation is a major concern: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are deeply negative, indicating the business is consuming cash rather than funding itself. While free cash flow growth is positive in TTM, this improvement is off a weak base and still leaves cash flow solidly negative. The cash flow picture has also been inconsistent across years (positive operating cash flow in 2020 and 2022, negative in most other periods), adding execution risk.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.83M	3.05M	3.96M	4.44M	6.62M	7.18M
Gross Profit	1.55M	1.72M	1.62M	1.91M	2.98M	3.05M
EBITDA	-281.37K	-472.55K	-260.55K	-617.27K	-1.22M	1.91M
Net Income	-384.92K	-608.65K	-435.01K	-1.60M	-1.30M	-2.76M
Balance Sheet
Total Assets	6.67M	3.90M	5.43M	7.28M	10.03M	13.18M
Cash, Cash Equivalents and Short-Term Investments	1.76M	2.13M	2.83M	3.49M	4.39M	5.78M
Total Debt	155.27K	79.25K	821.40K	2.20M	2.74M	3.61M
Total Liabilities	3.89M	1.53M	2.35M	3.68M	4.69M	5.84M
Stockholders Equity	3.85M	3.44M	4.19M	4.76M	6.61M	7.45M
Cash Flow
Free Cash Flow	-1.12M	-200.18K	-1.13M	166.00K	-82.30K	-874.90K
Operating Cash Flow	-1.09M	-163.54K	-1.13M	178.77K	-34.53K	596.60K
Investing Cash Flow	440.28K	434.01K	2.20M	35.79K	-1.72M	520.74K
Financing Cash Flow	-115.37K	-756.47K	-1.71M	-125.10K	1.18M	1.85M

BYT Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BYT, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.07, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 19.99 is Positive, neither overbought nor oversold. The STOCH value of 0.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BYT.

BYT Holdings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARE	70 Outperform	C$2.58B	130.21	1.66%	2.38%	25.68%	―
BDT	64 Neutral	C$1.89B	33.32	21.42%	2.88%	6.26%	0.52%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BDGI	61 Neutral	C$2.09B	29.89	24.10%	0.99%	13.02%	52.88%
AEP	53 Neutral	C$43.56M	7.34	-1.10%	―	9.30%	-151.79%
DRT	48 Neutral	C$164.99M	-8.61	-43.41%	―	-2.73%	-155.71%
BYT	44 Neutral	C$2.21M	-0.68	-10.12%	―	-43.73%	59.26%

BYT Holdings Ltd Corporate Events

BYT Holdings Announces Share Buyback and AGM Results

BYT Holdings Ltd. has announced a normal course issuer bid (NCIB) to repurchase up to 1,179,725 common shares, representing approximately 2% of its outstanding shares, as it believes its shares are undervalued. The NCIB, which will be executed through Canaccord Genuity Corp., is set to begin on December 4, 2025, and will conclude by December 3, 2026, unless completed earlier. Additionally, during its recent annual general meeting, all proposed resolutions were approved, including the election of director-nominees and the appointment of HML PLT as the external auditor, reflecting strong shareholder support.

The most recent analyst rating on (TSE:BYT) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on BYT Holdings Ltd stock, see the TSE:BYT Stock Forecast page.