Harrys Manufacturing (HARY) AI Stock Analysis

• Market Cap: $2.63M
• Dividend Yield: N/A
• Average Volume (3M): 29.33K
• Price to Earnings (P/E): ―
• Beta (1Y): -2.60
• Revenue Growth: 4.39%
• EPS Growth: -23.40%
• Country: CA
• Employees: N/A
• Sector: Industrials
• Sector Strength: 66
• Industry: Tobacco
• EPS (TTM): >-0.01
• Shares Outstanding: 105,172,130
• 10 Day Avg. Volume: 7,580
• 30 Day Avg. Volume: 29,326
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 64.05
• Price to Cash Flow (P/CF): -22.80
• 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

Harrys Manufacturing's stock is significantly challenged by poor financial performance and weak technical indicators. The strategic divestiture and partnership efforts are positive and suggest a potential future improvement, but these are currently insufficient to offset the substantial financial and market weaknesses.

Harrys Manufacturing Business Overview & Revenue Model

Company Description

Harrys Manufacturing Inc., together with its subsidiaries, manufactures, sells, and distributes tobacco products. It offers tobacco cigarettes and ingredients. The company was formerly known as Westridge Resources Inc. and changed its name to Harrys Manufacturing Inc. in October 2018. Harrys Manufacturing Inc. was incorporated in 2007 and is based in Vancouver, Canada.

How the Company Makes Money

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Harrys Manufacturing Financial Statement Overview

Summary

Harrys Manufacturing is dealing with severe financial difficulties. Negative margins, equity, and cash flows across all verticals suggest underlying operational inefficiencies and liquidity issues. Immediate strategic changes are needed to improve the financial health and sustainability of the company.

Income Statement

The company has experienced negative margins across the board, with gross profit, EBIT, and EBITDA margins being severely negative. Net income remains deep in the red, and revenue growth is unstable. These factors highlight ongoing operational challenges and a lack of profitability.

Balance Sheet

The balance sheet shows negative stockholders' equity, indicating financial distress. While the company has no total debt, the liabilities far exceed assets. The equity ratio is negative, further emphasizing solvency issues.

Cash Flow

The company faces significant cash flow issues, with negative operating and free cash flows. There is a reliance on financing activities for cash, which is unsustainable. Free cash flow growth is also negative, indicating ongoing liquidity problems.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
50.74K	48.12K	23.50K	0.00	0.00	0.00
	Gross Profit
-2.48K	-6.85K	-3.08K	-23.81K	-41.19K	-248.85K
	EBIT
-349.75K	-525.56K	-555.55K	-843.83K	-934.05K	-1.08M
	EBITDA
-666.57K	-513.87K	-647.73K	-1.03M	-1.09M	-789.93K
	Net Income Common Stockholders
-595.16K	-515.56K	-650.14K	-1.38M	-1.27M	-1.88M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
11.71K	10.84K	16.87K	9.24K	363.80K	239.12K
	Total Assets
76.43K	74.44K	94.28K	289.13K	1.05M	655.73K
	Total Debt
0.00	0.00	0.00	104.21K	613.60K	272.64K
	Net Debt
-11.71K	-10.84K	-16.87K	94.97K	249.80K	33.52K
	Total Liabilities
670.89K	541.61K	337.06K	396.65K	705.26K	357.65K
	Stockholders Equity
-594.46K	-467.17K	-242.78K	-107.53K	340.31K	298.07K
Cash Flow		Free Cash Flow
-67.13K	-163.20K	-264.37K	-443.62K	-886.77K	-739.06K
	Operating Cash Flow
-67.13K	-163.20K	-264.37K	-443.62K	-883.68K	-618.44K
	Investing Cash Flow
0.00	0.00	200.00K	-200.00K	-203.09K	-120.62K
	Financing Cash Flow
68.00K	157.17K	72.00K	289.07K	1.21M	451.50K

Harrys Manufacturing Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HARY, the sentiment is Neutral. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.27 is Neutral, 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 Neutral sentiment for TSE:HARY.

Harrys Manufacturing Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$4.14B	11.23	5.47%	215.40%	4.10%	-8.63%
HARY	25 Underperform	$2.63M	―		―	4.39%	-23.40%

Harrys Manufacturing Corporate Events

Harrys Manufacturing to Divest Tobacco Subsidiary in Strategic Shift

Harrys Manufacturing Inc. has announced plans to divest its tobacco subsidiary, Harrys International Manufacturing Inc., as part of its strategy to diversify and enhance stakeholder value. This move is intended to mitigate risks associated with the tobacco industry, such as regulatory pressures and declining social acceptance, while attracting investors interested in environmental, social, and governance (ESG) criteria, reinforcing Harrys’ commitment to new growth opportunities.

Harrys Manufacturing Partners with We Wai Kai Nation for Business Development

Harrys Manufacturing Inc. has signed a Memorandum of Understanding with the We Wai Kai Nation of Vancouver Island and Mainland British Columbia to negotiate a land sublease and explore business development opportunities. This partnership aligns with both parties’ goals of economic development and sustainable growth, potentially enhancing employment opportunities for the We Wai Kai Nation and supporting Harrys’ vision for sustainable operations.