EarthRenew (ERTH) AI Stock Analysis

• Market Cap: C$18.45M
• Dividend Yield: N/A
• Average Volume (3M): 167.38K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.12
• Revenue Growth: -19.17%
• EPS Growth: -3607.69%
• Country: CA
• Employees: 19
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Independent Power Producers
• EPS (TTM): >-0.01
• Shares Outstanding: 160,441,130
• 10 Day Avg. Volume: 84,808
• 30 Day Avg. Volume: 167,381
• PEG Ratio: <0.01
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 0.82
• P/FCF Ratio: -41.18
• 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$0.13 ▲(5.00% Upside)

The score is primarily held down by weak financial performance (ongoing losses, negative margins, and negative operating cash flow). Technical indicators are broadly neutral with slightly negative momentum, while valuation is constrained by a negative P/E and no dividend support.

Positive Factors

Free Cash Flow Improvement

A positive free cash flow growth rate indicates improving cash conversion despite losses. This durable trend can provide runway to fund operations or modest reinvestment, reduce near-term financing needs, and support execution while margins are addressed.

Manageable Leverage

A D/E around 0.72 suggests leverage is moderate for a capital-intensive processing business. This level gives the company room to raise targeted capital for operational scaling or capex without immediate solvency risk, supporting medium-term strategic options.

Structural, Sustainable Business Model

Converting manure into soil amendments addresses ongoing agricultural and environmental needs, offering recurring demand from farms and distributors. The model aligns with regenerative agriculture trends, providing a durable market niche and long-term revenue potential if execution improves.

Negative Factors

Negative Operating Cash Flow

Ongoing negative operating cash flow means the core business does not generate sufficient cash to cover expenses. Persisting cash burn threatens liquidity, may force dilutive financing or higher leverage, and constrains investment needed to scale or fix structural issues.

Negative Margins Across the Income Statement

Negative gross margin shows COGS exceed sales, a structural profitability problem. Without margin recovery, scale won't translate into profits; pricing, cost structure or manufacturing efficiency must materially improve to enable sustainable earnings generation.

Declining Revenue Trend

A nearly 20% revenue decline signals weakening demand or lost market share. Declining top line erodes operating leverage and makes fixed-cost absorption harder, prolonging the path to break-even and increasing reliance on external funding or structural business changes.

EarthRenew Business Overview & Revenue Model

Company Description

Replenish Nutrients Holding Corp. operates as sustainable power-generation company, which engages in generating electricity from industrial natural gas turbine. The firm focuses on supporting a farm system that puts healthy soils and grower profitability back on the table. It transforms livestock waste into an organic fertilizer to be used by organic and traditional growers in Canada and the United States. The company was founded on November 16, 1987 and is headquartered in Alberta, Canada.

How the Company Makes Money

EarthRenew generates revenue primarily through the sale of its organic fertilizers and soil amendments to farmers and agricultural businesses. The company benefits from a growing demand for sustainable agricultural products as more farmers seek eco-friendly alternatives to synthetic fertilizers. Key revenue streams include direct sales to agricultural producers, partnerships with distributors, and collaborations with agricultural organizations focused on promoting sustainable farming practices. Additionally, EarthRenew may have opportunities for revenue through research and development projects aimed at enhancing product effectiveness and expanding its product line. The company's commitment to sustainability and innovation positions it favorably within the agricultural sector, contributing to its earnings potential.

EarthRenew Financial Statement Overview

Summary

Financials remain weak: negative gross/EBIT/net margins, declining revenue, and negative operating cash flow. The balance sheet shows manageable but rising leverage (D/E ~0.72) and negative ROE, with only modest positives from improving free cash flow trends.

Income Statement

EarthRenew's income statement shows significant challenges with negative margins across the board in the TTM period. The gross profit margin is negative, indicating cost of goods sold exceeds revenue. Net profit margin and EBIT margin are also deeply negative, reflecting ongoing losses. Revenue has declined compared to the previous year, signaling potential demand issues or competitive pressures.

Balance Sheet

The balance sheet reveals moderate leverage with a debt-to-equity ratio of 0.72 in the TTM period, which is manageable but has increased from previous years. However, the return on equity is negative, indicating that the company is not generating profit from shareholders' equity. The equity ratio is relatively stable, suggesting a reasonable proportion of assets financed by equity.

Cash Flow

Cash flow analysis shows a negative operating cash flow, indicating the company is not generating enough cash from operations to cover its expenses. However, the free cash flow to net income ratio is positive, suggesting some efficiency in converting net income to free cash flow despite overall losses. The free cash flow growth rate is positive, showing improvement over the previous period.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.41M	6.90M	13.92M	17.27M	12.30M	506.86K
Gross Profit	-106.42K	639.05K	1.35M	2.15M	3.30M	146.83K
EBITDA	-4.77M	-2.96M	1.89M	-5.66M	-3.31M	-3.55M
Net Income	-7.13M	-4.27M	84.19K	-7.08M	-4.70M	-3.88M
Balance Sheet
Total Assets	20.46M	19.65M	29.41M	38.77M	26.79M	5.64M
Cash, Cash Equivalents and Short-Term Investments	221.57K	119.90K	1.04M	3.63M	1.27M	953.77K
Total Debt	6.37M	3.30M	3.90M	4.15M	3.65M	393.32K
Total Liabilities	11.61M	8.47M	14.11M	23.86M	16.26M	954.61K
Stockholders Equity	8.84M	11.18M	15.29M	14.92M	10.54M	4.68M
Cash Flow
Free Cash Flow	-3.35M	-137.83K	-2.20M	-8.70M	-2.38M	-3.75M
Operating Cash Flow	-947.31K	310.05K	-520.45K	-6.28M	-416.71K	-3.75M
Investing Cash Flow	-2.39M	-314.01K	-1.21M	-2.32M	-3.85M	0.00
Financing Cash Flow	3.64M	-913.74K	-862.35K	10.95M	4.59M	4.27M

EarthRenew Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ERTH, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.14, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.77 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ERTH.

EarthRenew Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ERTH	44 Neutral	C$18.45M	-2.39	-60.25%	―	-19.17%	-3607.69%
KRN	44 Neutral	C$9.59M	-9.42	-21.94%	―	―	39.56%
ARGO	44 Neutral	C$17.51M	-4.11	-1497.85%	―	―	―

EarthRenew Corporate Events

Replenish Nutrients Secures Up to $3 Million to Fuel Regenerative Fertilizer Expansion

Replenish Nutrients plans to raise up to $3 million through a non-brokered private placement of units priced at $0.12, each comprising one common share and a warrant exercisable at $0.18 over 24 months, to fund working capital for its licensing deals, Beiseker facility operations, and general corporate purposes. As part of the offering, institutional investor Sorbie Bornholm LP has committed a $1.95 million strategic investment via a growth-linked sharing agreement that provides fixed share dilution and variable monthly cash payments over two years, a structure the company says will support disciplined expansion of its regenerative fertilizer footprint across Western Canada and the U.S. Midwest while aligning capital inflows with its share performance and growth trajectory.

The most recent analyst rating on (TSE:ERTH) stock is a Sell with a C$0.12 price target. To see the full list of analyst forecasts on EarthRenew stock, see the TSE:ERTH Stock Forecast page.

Replenish Nutrients Updates Investor Presentation to Highlight Zero-Waste Fertilizer Strategy

Replenish Nutrients Holding Corp. has released an updated corporate presentation, now available on its website, aimed at providing investors with refreshed information on the company’s operations and strategy. The move underscores the company’s efforts to engage the capital markets more actively and highlight its proprietary zero-waste fertilizer technologies, which could strengthen its visibility among environmentally focused investors and stakeholders in the sustainable agriculture sector.

The most recent analyst rating on (TSE:ERTH) stock is a Sell with a C$0.12 price target. To see the full list of analyst forecasts on EarthRenew stock, see the TSE:ERTH Stock Forecast page.

Replenish Nutrients Shifts to Full Commercial Output and Capital-Light Licensing Expansion

In 2025, Replenish transitioned its Beiseker, Alberta granulation facility from development into steady-state commercial operations, achieving sustained production rates that support a targeted output of roughly 2,000 metric tonnes per month and positioning the plant to deliver the highest granulated volumes in the company’s history. The company also broadened its product portfolio with a patented pellet fertilizer and the launch of its Replenish 1 retail lawn and garden brand, while advancing a capital-light licensing strategy through agreements with MJ Ag Solutions in Northern Alberta and British Columbia and Farmers Union Enterprises in the U.S. Midwest, which shift capital expenditures to partners and validate a scalable, technology-driven growth model. Complemented by policy and industry engagement through events like CANZA’s “Seeding New Ground” and its own Soil Health Conference, and supported by $5.6 million in financing to complete Beiseker upgrades, Replenish is sharpening its positioning as a leader in regenerative agriculture and soil health while expanding its geographic reach and recurring revenue potential.

The most recent analyst rating on (TSE:ERTH) stock is a Sell with a C$0.13 price target. To see the full list of analyst forecasts on EarthRenew stock, see the TSE:ERTH Stock Forecast page.

Replenish Nutrients Reports Q3 2025 Results and Strategic Growth Initiatives

Replenish Nutrients announced its third quarter 2025 financial results, highlighting key operational milestones including the Beiseker facility’s achievement of targeted production rates and new licensing agreements with Farmers Union Enterprises and MJ Ag Solutions. Despite lower revenues this quarter, the company anticipates improved financial performance in the fourth quarter due to increased sales and strategic partnerships. The licensing deals are expected to enhance Replenish’s market reach and revenue streams, allowing rapid expansion into new regions while minimizing capital exposure.

The most recent analyst rating on (TSE:ERTH) stock is a Hold with a C$0.19 price target. To see the full list of analyst forecasts on EarthRenew stock, see the TSE:ERTH Stock Forecast page.

Replenish Nutrients Expands U.S. Market Reach with Licensing Agreement

Replenish Nutrients has entered a three-year licensing agreement with Farmers Union Enterprises to expand the production of its patented SuperKS fertilizer in the U.S. This partnership allows Replenish to access nearly 70 million acres of cropland across five states without additional capital expenditure, enhancing its market reach and credibility in the regenerative-farming sector. The agreement is expected to generate licensing revenues and offers a scalable model for future regional expansions, marking a significant step in positioning Replenish as a leading provider of regenerative-fertilizer technologies in North America.