Comet Industries (CMU) AI Stock Analysis

• Market Cap: C$23.11M
• Dividend Yield: N/A
• Average Volume (3M): 807.00
• Price to Earnings (P/E): ―
• Beta (1Y): -0.23
• Revenue Growth: -95.35%
• EPS Growth: -107.68%
• Country: CA
• Employees: N/A
• Sector: Services
• Sector Strength: N/A
• Industry: Industrial Materials
• EPS (TTM): -0.05
• Shares Outstanding: 5,136,095
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 807
• PEG Ratio: 0.46
• Price to Book (P/B): 2.01
• Price to Sales (P/S): 5996.86
• P/FCF Ratio: -13.02
• 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: 47 Neutral
• Price Target: C$4.00 ▼(-11.11% Downside)

Comet Industries' overall stock score is primarily impacted by its financial performance challenges, including negative profitability and cash flow issues. While the balance sheet provides some stability, the technical analysis offers mixed signals, and the valuation is unattractive due to negative earnings. The absence of earnings call data and corporate events leaves these areas unaddressed.

Comet Industries Business Overview & Revenue Model

Company Description

Comet Industries (CMU) is a diversified technology and manufacturing company specializing in advanced materials, aerospace components, and renewable energy solutions. With a strong emphasis on innovation, CMU operates across several sectors, including aerospace, automotive, and clean energy, offering a range of products such as lightweight composite materials, precision-engineered components, and energy-efficient systems. The company is committed to sustainability and has invested heavily in research and development to deliver cutting-edge solutions that meet the evolving needs of its global clientele.

How the Company Makes Money

Comet Industries generates revenue through multiple streams, primarily by manufacturing and selling high-performance materials and components to various industries. Key revenue streams include contracts with aerospace manufacturers for precision-engineered parts, sales of advanced composite materials to the automotive sector, and licensing agreements for proprietary renewable energy technologies. Additionally, the company has established significant partnerships with leading firms in aerospace and automotive industries, enabling it to secure long-term contracts and steady demand for its products. Revenue is further bolstered by government contracts focused on defense and aerospace projects, as well as ongoing investments in research and development that lead to the commercialization of innovative solutions.

Comet Industries Financial Statement Overview

Summary

Comet Industries faces significant financial challenges, particularly in its income statement and cash flow. The company struggles with profitability and cash generation, as evidenced by negative margins and cash flows. However, the balance sheet remains a relative strength, with a solid equity base and low leverage.

Income Statement

Comet Industries has experienced significant volatility in its income statement metrics. The company reported negative gross profit and net income in the latest year, indicating challenges in generating profit from its operations. Revenue has decreased significantly from the previous year, suggesting a decline in sales or market share. The negative EBIT and EBITDA margins further highlight operational inefficiencies and cost management issues.

Balance Sheet

The balance sheet of Comet Industries shows a strong equity position with a high equity ratio, indicating financial stability. The debt-to-equity ratio is low, suggesting limited reliance on debt financing. However, the return on equity is negative due to the net loss, which is a concern for profitability. The high level of cash and short-term investments provides liquidity, but the overall asset base has decreased.

Cash Flow

The cash flow statement reveals negative operating cash flow, indicating potential cash management issues. Free cash flow is also negative, which could impact future investments and growth. The operating cash flow to net income ratio is unfavorable, reflecting inefficiencies in converting net income into cash. Despite these challenges, the company has managed to maintain a stable cash position.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.24K	3.24K	352.90K	609.50K	424.65K	309.98K
Gross Profit	-47.59K	-38.11K	276.29K	608.44K	423.53K	308.80K
EBITDA	-618.13K	-455.37K	9.23M	-37.65K	-88.94K	-32.26K
Net Income	-527.46K	-400.04K	8.15M	-121.14K	360.19K	-67.93K
Balance Sheet
Total Assets	9.76M	9.91M	11.27M	2.51M	2.65M	2.40M
Cash, Cash Equivalents and Short-Term Investments	3.59M	3.79M	8.53M	730.98K	826.70K	311.36K
Total Debt	40.51K	43.06K	79.88K	715.41K	738.23K	784.16K
Total Liabilities	139.00K	234.41K	1.23M	884.20K	909.72K	1.01M
Stockholders Equity	9.62M	9.67M	10.03M	1.62M	1.74M	1.38M
Cash Flow
Free Cash Flow	-1.89M	-1.49M	-728.98K	-52.90K	-41.30K	-6.39K
Operating Cash Flow	-1.28M	-1.49M	-710.98K	-52.90K	-41.30K	-6.39K
Investing Cash Flow	-3.60M	-3.25M	9.21M	0.00	608.38K	0.00
Financing Cash Flow	-6.49K	-3.24K	-695.41K	-42.82K	-51.73K	247.34K

Comet Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CMU, the sentiment is Positive. The current price of 4.5 is equal to the 20-day moving average (MA) of 4.50, above the 50-day MA of 4.14, and above the 200-day MA of 4.17, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 69.93 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CMU.

Comet Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMA	59 Neutral	C$48.35M	-18.16	-102.86%	―	-100.00%	-33.58%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
CMU	47 Neutral	C$23.11M	―	-6.60%	―	-95.35%	-107.68%
EXN	36 Underperform	C$79.48M	-5.44	-34.04%	―	―	83.33%
BKM	32 Underperform	C$14.97M	―	―	―	―	-44.56%
CPS	29 Underperform	C$10.19M	―	―	―	―	10.25%

Comet Industries Corporate Events

Comet Industries Advances Iron Mask Industrial Park with Rezoning Approval

Comet Industries Ltd. has received rezoning approval for the Iron Mask Industrial Park in Kamloops, B.C., marking a significant milestone in the development of the 200-acre light industrial park. This approval allows Comet to proceed with presales and marketing for Phase 1a, which includes seven lots ranging from one to five acres. The park aims to address the demand for modern industrial land in the region, offering businesses access to major highways and opportunities for expansion. The project is expected to boost the local economy by providing space for both local and external businesses to grow and relocate, with future phases planned based on market demand.

Comet Industries Advances Iron Mask Industrial Park with Completed Archaeological Assessment

Comet Industries has completed an Archaeological Impact Assessment for its 200-acre Iron Mask Industrial Park in Kamloops, B.C., a proactive measure to ensure no culturally sensitive sites are affected during development. This assessment, conducted in consultation with 13 Indigenous communities, revealed no archaeological findings, thus facilitating a smoother development process. With this milestone, Comet is now awaiting final rezoning approvals and the Ministry of Transportation and Transit review, bringing the project closer to offering shovel-ready land for industrial use and fostering economic opportunities in the Kamloops region.