Euro Manganese (EMN) AI Stock Analysis

• Market Cap: C$24.99M
• Dividend Yield: N/A
• Average Volume (3M): 203.23K
• Price to Earnings (P/E): ―
• Beta (1Y): -2.13
• Revenue Growth: 36.37%
• EPS Growth: 21.97%
• Country: CA
• Employees: 60
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 142,804,500
• 10 Day Avg. Volume: 355,485
• 30 Day Avg. Volume: 203,233
• PEG Ratio: 0.03
• Price to Book (P/B): 5.54
• Price to Sales (P/S): 3.60
• P/FCF Ratio: -1.62
• 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: 40 Underperform
• Price Target: C$0.14 ▼(-5.33% Downside)

Euro Manganese's stock score is primarily impacted by its poor financial performance, characterized by significant losses and high leverage. Technical indicators also suggest a bearish trend, while valuation metrics highlight ongoing financial difficulties. The absence of earnings call insights and corporate events further emphasize the need for financial and operational improvements.

Positive Factors

Sustainable Production

The focus on sustainable production aligns with global trends towards environmentally friendly practices, potentially attracting eco-conscious investors and partners.

Market Position in Green Technology

Being part of the green technology sector positions EMN to benefit from increasing demand for sustainable energy solutions, supporting long-term growth.

Revenue Growth

Strong revenue growth indicates increasing demand for EMN's products, suggesting potential for continued expansion and market penetration.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, potentially affecting the company's ability to invest in growth opportunities.

Negative Profitability

Negative profitability suggests operational inefficiencies and challenges in covering production costs, which can hinder long-term financial health.

Negative Cash Flows

Negative cash flows indicate potential liquidity issues, limiting the company's ability to fund operations and invest in future growth.

Euro Manganese Business Overview & Revenue Model

Company Description

Euro Manganese (EMN) is a European-based company focused on the sustainable production of high-purity manganese products. Operating primarily in the mining and metals sector, EMN is developing its flagship project in the Czech Republic, which aims to extract manganese from tailings of historical mining activities. The company's core products include high-purity manganese sulfate monohydrate (HPMSM), which is essential for the production of batteries for electric vehicles and energy storage applications, thereby positioning EMN within the rapidly growing green technology sector.

How the Company Makes Money

Euro Manganese generates revenue primarily through the production and sale of high-purity manganese products, particularly HPMSM. The company's revenue model is centered on the extraction and processing of manganese from its project in the Czech Republic, leveraging the increasing demand for manganese in battery manufacturing for electric vehicles. Additionally, EMN may benefit from strategic partnerships with battery manufacturers and electric vehicle producers, enhancing its market reach and securing long-term contracts. The company is also focused on sustainability, which may attract investment and funding from environmentally conscious investors, further contributing to its earnings.

Euro Manganese Financial Statement Overview

Summary

Euro Manganese is facing significant financial challenges with negative profitability, high leverage, and negative cash flows. Despite slight revenue growth, the company struggles with operational inefficiencies and financial instability.

Income Statement

Euro Manganese's income statement reveals significant challenges. The company has consistently reported negative gross profit margins, indicating that production costs exceed revenues. The net profit margin is also deeply negative, reflecting substantial losses. Although there was a slight revenue growth of 5.73% in the latest year, the EBIT and EBITDA margins remain negative, highlighting ongoing operational inefficiencies.

Balance Sheet

The balance sheet shows a concerning debt-to-equity ratio of 10.79, indicating high leverage and potential financial risk. The return on equity is negative, suggesting that the company is not generating sufficient returns on shareholders' investments. The equity ratio is low, further emphasizing the company's reliance on debt financing.

Cash Flow

Cash flow analysis indicates negative operating and free cash flows, with a declining free cash flow growth rate of -30.5%. The operating cash flow to net income ratio is negative, reflecting cash flow challenges. However, the free cash flow to net income ratio is slightly above 1, suggesting that free cash flow is marginally covering net losses.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.39M	4.39M	3.22M	0.00	0.00	0.00
Gross Profit	-7.68M	-7.68M	-558.50K	-261.17K	-191.13K	-103.38K
EBITDA	-9.28M	-9.28M	-13.02M	-12.40M	-13.24M	-9.42M
Net Income	-17.59M	-17.59M	-18.33M	-12.01M	-13.48M	-9.56M
Balance Sheet
Total Assets	36.78M	36.78M	40.47M	29.95M	39.90M	43.34M
Cash, Cash Equivalents and Short-Term Investments	9.49M	9.49M	9.36M	7.65M	21.56M	31.22M
Total Debt	30.72M	30.72M	27.80M	172.42K	340.39K	288.16K
Total Liabilities	33.93M	33.93M	30.65M	2.85M	2.61M	5.93M
Stockholders Equity	2.85M	2.85M	9.82M	27.10M	37.29M	37.40M
Cash Flow
Free Cash Flow	-8.07M	-9.74M	-17.79M	-13.31M	-17.73M	-11.94M
Operating Cash Flow	-7.98M	-9.65M	-13.59M	-10.84M	-9.49M	-7.78M
Investing Cash Flow	32.00K	-87.00K	-6.91M	-3.10M	-8.24M	-4.17M
Financing Cash Flow	7.73M	9.52M	21.98M	-2.52K	8.13M	40.43M

Euro Manganese Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EMN, the sentiment is Positive. The current price of 0.15 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.16, and below the 200-day MA of 0.19, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 62.99 is Neutral, neither overbought nor oversold. The STOCH value of 73.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:EMN.

Euro Manganese Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLAN	74 Outperform	C$38.97M	11.69	21.19%	―	4.44%	156.52%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GMA	59 Neutral	C$52.06M	-21.23	-102.86%	―	-100.00%	-33.58%
EMM	48 Neutral	C$23.47M	-3.54	-27.31%	―	―	41.07%
MN	42 Neutral	C$24.68M	-13.30	-78.78%	―	―	29.85%
EMN	40 Underperform	C$24.99M	-0.93	-277.75%	―	36.37%	21.97%
MUR	33 Underperform	C$7.58M	-4.80	-121.94%	―	―	55.15%

Euro Manganese Corporate Events

Euro Manganese Strengthens Leadership and Secures Financing Approval

Euro Manganese has announced the early appointment of Rick Anthon as Chairman of the Board, reflecting the company’s strategic focus on strengthening its leadership as it advances the Chvaletice Manganese Project. The company also received conditional approval from the TSX Venture Exchange for its C$11.2 million financing, which is expected to support its growth and enhance its position in the battery materials market.

Spark’s Take on TSE:EMN Stock

According to Spark, TipRanks’ AI Analyst, TSE:EMN is a Neutral.

Euro Manganese, Inc. faces significant financial challenges, with high leverage and operational inefficiencies being major concerns. However, positive corporate events, including strategic EU designations and secured financing, provide optimism for future prospects. The stock’s upward technical trend adds a favorable short-term outlook, but valuation remains constrained due to ongoing losses.

To see Spark’s full report on TSE:EMN stock, click here.

Euro Manganese Upsizes Financing to Bolster Chvaletice Project

Euro Manganese Inc. has announced an increase in its previously planned financing to C$9.8 million due to strong investor demand, with significant contributions from Eric Sprott and the European Bank for Reconstruction and Development. The funds will be used to further develop the Chvaletice Manganese Project and secure additional strategic investments, highlighting the project’s importance to Europe’s critical minerals supply chain.

Euro Manganese Announces Share Consolidation to Optimize Share Structure

Euro Manganese Inc. has announced a share consolidation at a ratio of five pre-consolidation shares to one post-consolidation share, effective March 31, 2025. This move, approved by the board of directors, will see the company’s shares commence trading on a post-consolidation basis on the TSX Venture Exchange and the Australian Securities Exchange in early April. The consolidation aims to streamline the company’s share structure without affecting the percentage interest of shareholders or the substantive rights and obligations of existing holders.

Euro Manganese’s Chvaletice Project Gains Strategic EU Status

Euro Manganese’s Chvaletice Manganese Project has been designated a Strategic Project under the EU’s Critical Raw Materials Act, enhancing its access to funding and expediting permitting processes. This designation underscores the project’s importance to the EU’s strategic raw material supply and supports Euro Manganese’s goal to become a leading producer of high-purity manganese, crucial for Europe’s battery value chain and green economy transition.

Euro Manganese’s Chvaletice Project Gains Strategic Deposit Status

Euro Manganese Inc. announced that its Chvaletice Manganese Project has been declared a strategic deposit by the Czech government, which will expedite the permitting process and enhance project development. This designation is a significant milestone, reinforcing the project’s importance in establishing sustainable raw material supply chains and supporting the global transition to a low-carbon economy.