Harrys Manufacturing Inc (TSE:HARY)
:HARY
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Harrys Manufacturing
(HARY)
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Rating:40Underperform
Price Target:
C$0.04
▼(-45.71% Downside)
Action:DowngradedDate:05/02/26
The score is weighed down primarily by distressed financial performance (sharp revenue decline, large losses, negative equity, and ongoing cash burn). Technicals add additional caution with the price below key short-to-mid-term moving averages and a negative MACD, while valuation offers little support given negative earnings and no dividend yield provided.
Positive Factors
Very low reported leverage (zero debt)
Zero reported debt materially reduces near-term balance-sheet risk and interest burden, giving management more runway to stabilize operations without immediate refinancing. This durable capital structure advantage preserves optionality during a multi-quarter turn-around.
Negative Factors
Steep trailing revenue decline
A large, persistent revenue drop undermines scale advantages, reduces fixed-cost absorption, and weakens pricing and market position. Recovering lost topline is typically slow, making revenue restoration a multi-quarter challenge that pressures margins and cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low reported leverage (zero debt)
Zero reported debt materially reduces near-term balance-sheet risk and interest burden, giving management more runway to stabilize operations without immediate refinancing. This durable capital structure advantage preserves optionality during a multi-quarter turn-around.
Read all positive factors
Harrys Manufacturing (HARY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.96M
Dividend YieldN/A
Average Volume (3M)234.36K
Price to Earnings (P/E)―
Beta (1Y)-1.47
Revenue Growth-79.07%
EPS Growth31.03%
CountryCA
Employees3
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding116,078,316
10 Day Avg. Volume76,631
30 Day Avg. Volume234,356
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)-2.64
Price to Sales (P/S)49.64
P/FCF Ratio-84.79
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
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 Harr...
Harrys Manufacturing Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
8
Very Negative
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.62K | 42.16K | 48.12K | 23.50K | 0.00 | 0.00 |
| Gross Profit | -81.54K | -256.64K | -6.85K | -3.08K | -23.81K | -41.19K |
| EBITDA | -427.42K | -435.33K | -514.00K | -647.73K | -1.03M | -1.09M |
| Net Income | -434.57K | -436.19K | -516.00K | -650.14K | -1.38M | -1.27M |
Balance Sheet | ||||||
| Total Assets | 64.57K | 98.33K | 74.44K | 94.28K | 289.13K | 1.05M |
| Cash, Cash Equivalents and Short-Term Investments | 6.36K | 59.01K | 10.84K | 16.87K | 9.24K | 363.80K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 104.21K | 613.60K |
| Total Liabilities | 905.63K | 892.29K | 541.61K | 337.06K | 396.65K | 705.26K |
| Stockholders Equity | -841.07K | -793.96K | -467.17K | -242.78K | -107.53K | 340.31K |
Cash Flow | ||||||
| Free Cash Flow | -122.19K | -24.68K | -163.20K | -264.37K | -443.62K | -886.77K |
| Operating Cash Flow | -122.19K | -24.68K | -163.20K | -264.37K | -443.62K | -883.68K |
| Investing Cash Flow | -25.00K | 0.00 | 0.00 | 200.00K | -200.00K | -203.09K |
| Financing Cash Flow | 141.85K | 72.85K | 157.17K | 72.00K | 289.07K | 1.21M |
Harrys Manufacturing Technical Analysis
Neutral
0.07
Price Trends
0.07
Negative
0.05
Positive
0.03
Positive
Market Momentum
>-0.01
Negative
48.02
Neutral
73.33
Neutral
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 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.02 is Neutral, neither overbought nor oversold. The STOCH value of 73.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:HARY.
Harrys Manufacturing Peers Comparison
UnderperformOutperform
Sector (62)
TSE:HARY
Harrys Manufacturing
0.04
0.03
166.67%
TSE:GLG.H
GLG Life Tech
0.04
0.00
0.00%
TSE:BITE
Blender Bites
0.15
-0.15
-50.00%
TSE:MOOO.X
Happy Supplements Inc.
0.35
-0.37
-51.39%
TSE:ZOG.X
Zoglo's Incredible Food Corp.
0.04
-0.01
-20.00%
TSE:PTFY
Plantify Foods Inc
0.10
-0.29
-75.00%
Harrys Manufacturing Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Harrys Manufacturing Closes $131,000 Private Placement to Fund Market Expansion
Positive
Mar 17, 2026
Harrys Manufacturing Inc. has closed a non-brokered private placement, issuing 2,019,233 units at $0.065 per unit for gross proceeds of approximately $131,250, with each unit comprising one common share and a warrant exercisable at $0.10 for 24 mo...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Harrys Manufacturing Has Management Cease Trade Order Revoked After Filing Annual Results
Positive
Feb 6, 2026
Harrys Manufacturing Inc. announced that the British Columbia Securities Commission has revoked the temporary management cease trade order imposed in December 2025, after the company successfully filed its audited annual financial statements, mana...
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.