Earthworks Industries (TSE:EWK)
:EWK
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Earthworks Industries
(EWK)
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Rating:46Neutral
Price Target:
C$0.05
▲(390.00% Upside)
Action:Reiterated
Date:06/19/26
The score is primarily held down by very weak financial performance (no revenue base, recurring losses, persistent cash burn, and negative equity with higher debt). Technicals provide some offset due to a short-term uptrend, but overbought signals raise pullback risk, and valuation remains unattractive given negative earnings and no dividend support.
Positive Factors
Defensive industry exposure
Operating in waste management gives durable demand from municipal and industrial clients. Services are generally recession-resilient and contractable, supporting stable long-term revenue potential if the company can re-establish operations and win contracts over the next several months.
Negative Factors
No reported revenue base
The absence of reported revenue across periods undermines the core business model and prevents organic cash generation. Without a demonstrable sales base, the firm lacks the recurring inflows needed to fund operations, making recovery dependent on external financing or a rapid commercial turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Defensive industry exposure
Operating in waste management gives durable demand from municipal and industrial clients. Services are generally recession-resilient and contractable, supporting stable long-term revenue potential if the company can re-establish operations and win contracts over the next several months.
Read all positive factors
Earthworks Industries (EWK) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.51M
Dividend YieldN/A
Average Volume (3M)42.20K
Price to Earnings (P/E)―
Beta (1Y)2.17
Revenue GrowthN/A
EPS Growth82.61%
CountryCA
Employees250
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)-0.03
Shares Outstanding144,606,630
10 Day Avg. Volume11,471
30 Day Avg. Volume42,196
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)-0.29
Price to Sales (P/S)0.00
P/FCF Ratio-2.14
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
Earthworks Industries Business Overview & Revenue Model
Company Description
Earthworks Industries Inc. is an emerging enterprise specializing in offering waste management and disposal services to both governmental and commercial clients across North America. The company is actively involved in developing and operating a c...
Earthworks Industries Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
6
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.05K | -778.00 | 0.00 | -877.00 | -677.00 |
| EBITDA | -1.18M | -14.10M | -819.00K | -1.38M | -607.00K |
| Net Income | -2.85M | -15.12M | 2.27M | -1.84M | -1.05M |
Balance Sheet | |||||
| Total Assets | 162.95K | 26.28K | 13.09M | 12.11M | 11.23M |
| Cash, Cash Equivalents and Short-Term Investments | 53.99K | 16.54K | 908.87K | 209.21K | 288.09K |
| Total Debt | 7.12M | 1.49M | 3.96M | 899.12K | 853.41K |
| Total Liabilities | 8.86M | 6.87M | 5.48M | 9.72M | 9.12M |
| Stockholders Equity | -8.70M | -6.84M | 7.61M | 2.38M | 2.11M |
Cash Flow | |||||
| Free Cash Flow | -1.17M | -1.32M | -1.32M | -801.21K | -675.86K |
| Operating Cash Flow | -1.17M | -1.32M | -1.26M | -376.69K | -553.32K |
| Investing Cash Flow | 0.00 | -39.21K | -63.78K | -424.52K | -122.54K |
| Financing Cash Flow | 1.21M | 462.14K | 2.02M | 722.33K | 895.05K |
Earthworks Industries Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$53.38M | -13.86 | -15.06% | ― | 45.21% | -13342.86% | |
46 Neutral | C$6.51M | -1.95 | -9999.00% | ― | ― | 82.61% | |
46 Neutral | C$13.45M | -0.77 | -352.14% | ― | ― | 66.50% | |
44 Neutral | C$10.92M | -9.71 | ― | ― | ― | -27.91% |
* General Sector Average
TSE:EWK
Earthworks Industries
0.05
<0.01
12.50%
TSE:BAC
BacTech Environmental
0.05
<0.01
11.11%
TSE:BLM
BluMetric Environmental
0.97
-0.44
-31.21%
TSE:CMC
Cielo Waste Solutions
0.07
0.01
16.67%
TSE:VTX
Vertex Resource Group Ltd.
0.18
-0.11
-36.90%
Earthworks Industries Corporate Events
Financial DisclosuresLegal ProceedingsRegulatory Filings and Compliance
Earthworks Industries Updates Investors on Progress Toward Resolving Cease Trade Order
Negative
Apr 14, 2026
Earthworks Industries has issued an update on the management cease trade order imposed by the British Columbia Securities Commission, reiterating that it is working with its auditors to complete its overdue audited financial statements and related...
Financial DisclosuresLegal ProceedingsRegulatory Filings and Compliance
Earthworks Industries Faces Management Trade Ban Over Delayed Annual Filings
Negative
Apr 1, 2026
Earthworks Industries Inc. has received a management cease trade order from the British Columbia Securities Commission after missing the March 30, 2026 deadline for filing its audited annual financial statements and related MDA for the year ended ...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Earthworks Names Interim CFO to Support Annual Filings
Neutral
Mar 27, 2026
Earthworks Industries Inc., a publicly traded company specializing in sustainable materials recovery and infrastructure solutions, concentrates on scalable and efficient technologies aimed at long-term environmental and operational benefits. Its m...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Earthworks Advances Transition Into Critical Minerals Recycling Platform
Positive
Mar 27, 2026
Earthworks Industries is repositioning itself within the critical minerals recycling and recovery sector, leveraging its history in environmentally responsible waste handling and broader materials recovery and infrastructure solutions. The company...
Private Placements and FinancingRegulatory Filings and Compliance
Earthworks Wins TSX Venture Approval for Shares-for-Debt Deal
Positive
Mar 25, 2026
Earthworks Industries Inc. announced that the TSX Venture Exchange has approved its shares-for-debt agreement, allowing the company to issue 13,146,057 common shares to extinguish outstanding debt obligations. The newly issued shares will be subje...
Financial DisclosuresRegulatory Filings and Compliance
Earthworks warns of delayed annual filings, seeks management cease trade order
Negative
Mar 19, 2026
Earthworks Industries Inc. has warned investors it may miss the March 30, 2026 deadline for filing its audited financial statements and related disclosures for the year ended November 30, 2025. The company has applied to the British Columbia Secur...
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.