Euro Manganese (EMN) AI Stock Analysis

• Market Cap: C$12.48M
• Dividend Yield: N/A
• Average Volume (3M): 148.04K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.54
• Revenue Growth: N/A
• EPS Growth: -70.16%
• Country: CA
• Employees: 60
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Industrial Materials
• EPS (TTM): -0.05
• Shares Outstanding: 80,533,844
• 10 Day Avg. Volume: 74,962
• 30 Day Avg. Volume: 148,036
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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

• Rating: 39 Underperform
• Price Target: ―

Euro Manganese's overall stock score reflects significant financial challenges, including high leverage, operational inefficiencies, and negative cash flows, which weigh heavily on the score. While technical analysis provides a cautiously optimistic short-term trend, and recent corporate events offer positive strategic developments, the valuation remains constrained by ongoing losses. The company's precarious financial position is the most significant factor impacting the overall score.

Euro Manganese Business Overview & Revenue Model

Company Description

Euro Manganese Inc. engages in the evaluation, exploration, and development of mineral assets. Its principal property is the 100% owned Chvaletice manganese project, which is involved in the re-processing of manganese deposit hosted in historic mine tailings located to the east of Prague, the Czech Republic. Euro Manganese Inc. was incorporated in 2014 and is based in Vancouver, Canada.

How the Company Makes Money

Euro Manganese, Inc. generates revenue primarily through the production and sale of high-purity manganese products. These products are sold to manufacturers in the battery industry, including producers of lithium-ion batteries for electric vehicles and renewable energy storage systems. The company leverages its Chvaletice Manganese Project to extract manganese from historical mining waste, which provides a unique and potentially cost-effective source of this critical mineral. Future revenue streams are expected to grow as the demand for manganese in battery technologies increases. Additionally, Euro Manganese may engage in strategic partnerships and agreements with battery manufacturers and automotive companies to secure long-term supply contracts, further bolstering its revenue potential.

Euro Manganese Financial Statement Overview

Summary

Euro Manganese, Inc. faces significant financial challenges across all key statements. The company has not achieved consistent revenue growth and continues to incur substantial losses, impacting its profitability and operational efficiency. High leverage and declining equity position increase financial risk. Cash flow issues further exacerbate these challenges, with negative cash flows raising concerns about the company's ability to sustain operations without external financing. Overall, the financial outlook is precarious, and strategic improvements are required to enhance financial stability and performance.

Income Statement

Euro Manganese, Inc. has struggled to generate revenue, with only a modest revenue figure in the latest year. The company posted a gross loss, and both EBIT and net margins are deeply negative, indicating significant operational challenges and inefficiencies. The lack of revenue growth in prior years highlights persistent issues in scaling operations and achieving profitability.

Balance Sheet

The company's balance sheet shows high leverage, with a significant debt-to-equity ratio due to increased liabilities and reduced equity. The equity ratio has decreased sharply, reflecting a weaker financial position. However, a reasonable amount of cash and short-term investments provide a buffer against immediate liquidity issues, although the declining trend in equity is concerning.

Cash Flow

The cash flow statement reveals negative free cash flow and operating cash flow, indicating cash burn. Despite substantial financing activities, the company struggles to generate positive cash flows from operations, raising sustainability concerns. The operating cash flow to net income ratio is negative, signifying inefficiencies in converting earnings into cash.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	3.22M	0.00	0.00	0.00	0.00
Gross Profit	-558.50K	-261.17K	-191.13K	-103.38K	-71.93K
EBITDA	-13.02M	-12.40M	-13.24M	-9.42M	-6.30M
Net Income	-18.33M	-12.01M	-13.48M	-9.56M	-6.48M
Balance Sheet
Total Assets	40.47M	29.95M	39.90M	43.34M	5.81M
Cash, Cash Equivalents and Short-Term Investments	9.36M	7.65M	21.56M	31.22M	2.73M
Total Debt	27.80M	172.42K	340.39K	288.16K	67.11K
Total Liabilities	30.65M	2.85M	2.61M	5.93M	257.49K
Stockholders Equity	9.82M	27.10M	37.29M	37.40M	5.55M
Cash Flow
Free Cash Flow	-17.79M	-13.31M	-17.73M	-11.94M	-5.83M
Operating Cash Flow	-13.59M	-10.84M	-9.49M	-7.78M	-5.82M
Investing Cash Flow	-6.91M	-3.10M	-8.24M	-4.17M	-10.61K
Financing Cash Flow	21.98M	-2.52K	8.13M	40.43M	4.47M

Euro Manganese Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EMN, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.18, and below the 200-day MA of 0.22, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.58 is Neutral, neither overbought nor oversold. The STOCH value of 15.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:EMN.

Euro Manganese Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	70 Outperform	¥175.77B	10.40	6.15%	3.18%	3.61%	-0.10%
CNC	54 Neutral	C$172.33M	―	-6.04%	―	―	91.44%
FWZ	46 Neutral	C$501.84M	―	-111.91%	―	―	13.05%
MNO	45 Neutral	C$284.90M	―	-120.17%	―	―	-22.62%
EMN	39 Underperform	C$12.48M	―	-205.34%	―	―	-70.16%
NCX	33 Underperform	C$345.85M	―	-57.36%	―	―	-62.76%

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.