GOAT Industries (TSE:GOAT)
:GOAT
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GOAT Industries
(GOAT)
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Rating:41Neutral
Price Target:
C$0.38
▼(-20.42% Downside)
Action:Downgraded
Date:01/29/26
The score is primarily constrained by weak financial performance (persistent losses, negative operating/free cash flow, and negative equity). Technicals are mixed but not supportive overall with price below key short/intermediate moving averages. Valuation is also challenged because the company is loss-making (negative P/E) and no dividend yield is provided.
Positive Factors
Debt reduction trend
A multi-year decline in gross debt improves financial flexibility and reduces fixed financing burden. This durable trend lowers near-term refinancing needs, lengthens runway, and creates optionality for restructuring or targeted investment if revenue initiatives begin to scale.
Negative Factors
Persistent operating losses
Recurring, large operating and net losses over multiple years erode capital and hinder the company's ability to self-fund. Persistent deficits increase reliance on external financing, constrain strategic options, and make reaching a sustainable profitability profile more difficult over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt reduction trend
A multi-year decline in gross debt improves financial flexibility and reduces fixed financing burden. This durable trend lowers near-term refinancing needs, lengthens runway, and creates optionality for restructuring or targeted investment if revenue initiatives begin to scale.
Read all positive factors
GOAT Industries (GOAT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.84M
Dividend YieldN/A
Average Volume (3M)123.74K
Price to Earnings (P/E)―
Beta (1Y)0.72
Revenue GrowthN/A
EPS Growth88.19%
CountryCA
Employees1
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.15
Shares Outstanding34,909,412
10 Day Avg. Volume65,345
30 Day Avg. Volume123,736
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-1.91
Price to Sales (P/S)0.00
P/FCF Ratio-4.40
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
GOAT Industries Business Overview & Revenue Model
Company Description
GOAT Industries Ltd. is a venture capital firm specializing in incubation. It seeks to invest in food and beverage industry with a focus on functional food, plant-based alternatives, and plant-based protein. GOAT Industries Ltd. based in Vancouver...
How the Company Makes Money
GOAT Industries generates revenue primarily through the sale of its advanced agricultural technologies and products directly to farmers, agricultural cooperatives, and large agribusinesses. The company also engages in strategic partnerships with r...
GOAT Industries Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | -74.28K | -274.61K | 0.00 | 0.00 |
| EBITDA | -1.35M | -980.72K | -4.08M | -4.18M | -6.08M | -37.02K |
| Net Income | -1.48M | -1.01M | -4.08M | -14.02M | -6.08M | -37.02K |
Balance Sheet | ||||||
| Total Assets | 514.81K | 888.00 | 296.99K | 2.23M | 11.01M | 409.97K |
| Cash, Cash Equivalents and Short-Term Investments | 91.12K | 887.00 | 6.62K | 1.78K | 672.78K | 409.97K |
| Total Debt | 166.95K | 249.01K | 340.87K | 138.85K | 0.00 | 0.00 |
| Total Liabilities | 675.96K | 831.23K | 760.33K | 427.69K | 204.02K | 33.48K |
| Stockholders Equity | -161.16K | -830.34K | -463.34K | 1.80M | 10.81M | 376.48K |
Cash Flow | ||||||
| Free Cash Flow | -137.82K | -360.95K | -368.93K | -1.51M | -4.17M | -14.00 |
| Operating Cash Flow | -137.82K | -360.95K | -368.93K | -1.51M | -4.17M | -14.00 |
| Investing Cash Flow | -461.38K | 0.00 | -14.23K | -72.92K | -5.68M | 0.00 |
| Financing Cash Flow | 618.71K | 355.22K | 388.00K | 907.50K | 10.11M | 1.65K |
GOAT Industries Technical Analysis
Negative
0.48
Price Trends
0.18
Negative
0.28
Negative
0.40
Negative
Market Momentum
-0.02
Negative
24.54
Positive
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GOAT, the sentiment is Negative. The current price of 0.48 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.18, and above the 200-day MA of 0.40, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 24.54 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GOAT.
GOAT Industries Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
41 Neutral | C$3.84M | -1.01 | 282.17% | ― | ― | 88.19% | |
| ― | C$15.86M | -85.27 | -5.57% | ― | -88.05% | ― | |
57 Neutral | C$5.62M | 3.27 | -45.81% | ― | -769.13% | ― | |
52 Neutral | C$10.84M | -0.56 | -70.07% | ― | ― | -34.67% | |
52 Neutral | C$9.62M | -5.01 | -113.97% | ― | -2.24% | -220.59% | |
45 Neutral | C$4.82M | -0.63 | -226.11% | ― | -353.26% | -152.00% |
* Financial Sector Average
TSE:GOAT
GOAT Industries
0.11
-0.15
-57.69%
TSE:GPK
Grand Peak Capital
0.10
-0.02
-16.67%
TSE:BLGV
Belgravia Capital International Inc
0.04
-0.02
-36.36%
TSE:IDK
ThreeD Capital
0.12
-0.02
-11.54%
TSE:QCA
Quinsam Capital
0.06
0.02
33.33%
TSE:LBI
Lions Bay Capital
0.25
0.13
104.17%
GOAT Industries Corporate Events
Business Operations and StrategyDelistings and Listing Changes
GOAT Industries Shares Resume Trading on OTCQB Venture Market
Positive
Jan 15, 2026
GOAT Industries Ltd. has resumed trading of its common shares on the OTCQB Venture Market in the United States, effective January 15, 2026, after successfully completing the OTC Markets Group qualification review with no outstanding comments. The ...
Business Operations and StrategyProduct-Related Announcements
GOAT Industries’ BETSource Strikes BKFC App Deal as Company Boosts Investor Outreach
Positive
Jan 10, 2026
GOAT Industries’ portfolio company BETSource has entered into a commercial relationship with Bare Knuckle Fighting Championship to integrate its fan engagement and sportsbook attribution technology into the BKFC mobile app, aiming to enhance...
Executive/Board Changes
GOAT Industries Appoints New Director and Corporate Secretary
Neutral
Dec 15, 2025
GOAT Industries Ltd. has announced the appointment of Mr. Steve Vanry as a director and Corporate Secretary, succeeding Mr. Lawrence Hay. Mr. Vanry brings over 25 years of experience in senior management roles across multiple industries, enhancing...
Business Operations and StrategyM&A Transactions
GOAT Industries Expands Portfolio with BetSource Acquisition
Positive
Dec 11, 2025
GOAT Industries Ltd. has successfully acquired 1509467 B.C. Ltd. and Veroom, Inc., expanding its portfolio with the BetSource group of companies. This acquisition aligns with GOAT’s strategy to enhance its presence in the digital engagement ...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
GOAT Industries Completes Private Placement to Fund Strategic Acquisitions
Positive
Nov 14, 2025
GOAT Industries Ltd. has successfully closed the final tranche of its non-brokered private placement, raising a total of C$5,379,713.10. The proceeds will be used to fund the acquisition and expansion of BETSource, as well as for future investment...
Business Operations and StrategyM&A Transactions
GOAT Industries Expands Digital Media Portfolio with Source Gaming Acquisition
Positive
Nov 11, 2025
GOAT Industries Ltd. announced an update on its acquisition of Source Gaming Company, a digital media and technology firm specializing in sports and sports-betting engagement tools. Source Gaming operates mainly in the U.S. and Ontario, Canada, of...
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.