Dundee Sustainable Technologies Inc (TSE:DST)
:DST
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Dundee Sustainable Technologies
(DST)
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Rating:46Neutral
Price Target:
C$0.03
▼(-79.17% Downside)
Action:Upgraded
Date:05/31/26
The score is held down primarily by high financial risk—negative equity, heavy debt versus assets, ongoing operating losses, and persistent negative cash flow—partly offset by improving revenue/gross margin trends and a very low reported P/E. Technicals are neutral-to-weak, with negative MACD and the price below most longer-term moving averages.
Positive Factors
Proprietary sustainable processing tech & licensing model
DST’s core model—licensing hydrometallurgical IP and selling engineering/pilot services—is structurally capital-light versus building processing plants. That model can generate recurring, scalable revenue and high margin service streams as adoption grows, supporting long-term cash generation if commercial traction continues.
Negative Factors
Severely stressed balance sheet
Deeply negative shareholders’ equity and outsized debt relative to assets create acute solvency and liquidity risk. This structural imbalance limits financial flexibility, raises likelihood of dilution or costly financing, and constrains the company’s ability to underwrite pilots or scale licensing without external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary sustainable processing tech & licensing model
DST’s core model—licensing hydrometallurgical IP and selling engineering/pilot services—is structurally capital-light versus building processing plants. That model can generate recurring, scalable revenue and high margin service streams as adoption grows, supporting long-term cash generation if commercial traction continues.
Read all positive factors
Dundee Sustainable Technologies (DST) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.60M
Dividend YieldN/A
Average Volume (3M)9.26K
Price to Earnings (P/E)0.7
Beta (1Y)-0.31
Revenue Growth47.29%
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)0.03
Shares Outstanding64,195,770
10 Day Avg. Volume6,781
30 Day Avg. Volume9,259
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)-0.31
Price to Sales (P/S)3.54
P/FCF Ratio-40.84
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 ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dundee Sustainable Technologies Business Overview & Revenue Model
Company Description
Dundee Sustainable Technologies Inc. specializes in pioneering and bringing to market advanced processing solutions for challenging materials found in the mining sector, serving clients both within Canada and internationally. The company features ...
How the Company Makes Money
DST’s publicly described business model centers on monetizing its proprietary processing technologies by (i) licensing its intellectual property and process know-how to mining and metallurgical operators, (ii) generating fees from engineering, tes...
Dundee Sustainable Technologies Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
9
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.41M | 2.07M | 2.05M | 3.15M | 3.86M | 4.35M |
| Gross Profit | 984.41K | 634.90K | 793.34K | 145.51K | 792.49K | 964.74K |
| EBITDA | -136.08K | -1.42M | -4.13M | 776.81K | -1.21M | -1.11M |
| Net Income | 2.23M | 1.08M | -7.60M | -2.26M | -3.77M | -3.39M |
Balance Sheet | ||||||
| Total Assets | 1.15M | 766.71K | 944.16K | 3.72M | 4.70M | 5.21M |
| Cash, Cash Equivalents and Short-Term Investments | 43.48K | 119.77K | 202.96K | 433.43K | 511.69K | 457.72K |
| Total Debt | 23.96M | 23.03M | 24.49M | 20.21M | 18.84M | 16.09M |
| Total Liabilities | 25.28M | 24.33M | 25.59M | 21.21M | 19.93M | 17.40M |
| Stockholders Equity | -24.13M | -23.56M | -24.64M | -17.49M | -15.23M | -12.19M |
Cash Flow | ||||||
| Free Cash Flow | -578.76K | -179.62K | -1.42M | -1.61M | -1.61M | -1.09M |
| Operating Cash Flow | -578.76K | -179.62K | -1.42M | -1.61M | -1.61M | -1.09M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -75.00K | 0.00 | 0.00 |
| Financing Cash Flow | 346.42K | 96.42K | 1.19M | 1.61M | 1.66M | 618.29K |
Dundee Sustainable Technologies Technical Analysis
Negative
0.12
Price Trends
0.02
Negative
0.08
Negative
0.10
Negative
Market Momentum
>-0.01
Positive
29.88
Positive
-66.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DST, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.02, and above the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 29.88 is Positive, neither overbought nor oversold. The STOCH value of -66.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:DST.
Dundee Sustainable Technologies Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | C$26.50M | 21.26 | 13.24% | ― | 9.19% | 711.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$7.08M | -3.26 | -7.46% | ― | -19.72% | 6.79% | |
46 Neutral | C$1.60M | 0.75 | 24.47% | ― | 47.29% | ― | |
46 Neutral | C$26.33M | -7.11 | 399.66% | ― | 4.99% | 12.40% | |
45 Neutral | C$2.47M | -1.43 | 388.29% | ― | -68.14% | -209.09% | |
| ― | C$1.27M | -1.68 | ― | ― | ― | ― |
* General Sector Average
TSE:DST
Dundee Sustainable Technologies
0.03
-0.03
-58.33%
TSE:WATR
Current Water Technologies Inc
0.01
-0.01
-50.00%
TSE:SHRC
Sharc International Systems Inc
0.16
0.07
77.78%
TSE:QST
Questor Technology
0.26
-0.13
-32.89%
TSE:TMG
Thermal Energy International
0.16
0.03
24.00%
TSE:RGEN
Delta Cleantech
0.01
-0.02
-66.67%
Dundee Sustainable Technologies Corporate Events
Business Operations and StrategyDelistings and Listing ChangesM&A Transactions
Dundee Sustainable Technologies to Go Private in Debt-Driven Deal with Dundee Corporation
Negative
Apr 2, 2026
Dundee Sustainable Technologies has agreed to be taken private by its majority owner Dundee Corporation through a merger with a Dundee subsidiary that will acquire all remaining subordinate voting shares for $0.03 in cash per share, valuing the mi...
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.