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Modern Meat
(MEAT)
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Rating:41Neutral
Price Target:
C$0.06
▲(90.00% Upside)
Action:Reiterated
Date:08/05/26
The score is driven primarily by weak financial performance (deep losses, negative margins, negative cash flow, and a high-risk balance sheet with negative equity) and bearish technicals (price below all key moving averages and negative MACD). Valuation contributes only modestly because a negative P/E and no dividend provide limited support in the absence of profitability.
Positive Factors
Improving cash burn
TTM cash flow near -$0.32M with a clear improvement versus prior annual periods indicates management has begun to rein in burn. Sustained lower cash outflows extend runway, reduce near-term refinancing pressure, and create a firmer base to pursue margin recovery over months.
Negative Factors
Negative shareholders' equity
Negative equity reflects accumulated losses and a thin capital cushion, limiting the company’s ability to absorb shocks. Rising debt combined with negative equity constrains financial flexibility, raises refinancing risk, and increases the likelihood of dilution or restructuring if performance stalls.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash burn
TTM cash flow near -$0.32M with a clear improvement versus prior annual periods indicates management has begun to rein in burn. Sustained lower cash outflows extend runway, reduce near-term refinancing pressure, and create a firmer base to pursue margin recovery over months.
Read all positive factors
Modern Meat (MEAT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$441.11K
Dividend YieldN/A
Average Volume (3M)3.95K
Price to Earnings (P/E)―
Beta (1Y)2.25
Revenue Growth-3.70%
EPS Growth51.27%
CountryCA
Employees5
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)-0.09
Shares Outstanding7,351,814
10 Day Avg. Volume1,050
30 Day Avg. Volume3,950
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.12
Price to Sales (P/S)0.36
P/FCF Ratio-0.43
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
Modern Meat Business Overview & Revenue Model
Company Description
Modern Plant Based Foods Inc. is a food enterprise that specializes in the creation and distribution of plant-derived meat substitute products throughout Canada and the United States. Its extensive product line includes vegan meat and dairy altern...
How the Company Makes Money
Modern Meat makes money primarily by selling plant-based meat alternative products. Revenue is generated through (1) product sales to retail customers via grocery and specialty food retailers/distributors and (2) product sales to foodservice custo...
Modern Meat Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Aug 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 579.64K | 568.24K | 625.48K | 751.35K | 1.65M | 2.27M |
| Gross Profit | -100.59K | -65.78K | 125.03K | 103.72K | 23.15K | 386.90K |
| EBITDA | -348.93K | -625.98K | -643.00K | -8.18M | -11.31M | -5.84M |
| Net Income | -603.41K | -850.16K | -810.00K | -8.29M | -11.59M | -6.18M |
Balance Sheet | ||||||
| Total Assets | 1.03M | 1.06M | 612.77K | 702.53K | 1.24M | 3.48M |
| Cash, Cash Equivalents and Short-Term Investments | 14.28K | 69.59K | 166.08K | 57.71K | 216.60K | 647.49K |
| Total Debt | 2.29M | 1.79M | 1.31M | 657.92K | 166.79K | 527.87K |
| Total Liabilities | 3.27M | 2.81M | 2.27M | 1.66M | 1.13M | 1.67M |
| Stockholders Equity | -2.23M | -1.75M | -1.65M | -952.32K | 108.91K | 1.83M |
Cash Flow | ||||||
| Free Cash Flow | -320.36K | -475.49K | -552.20K | -1.45M | -1.98M | -4.82M |
| Operating Cash Flow | -320.36K | -475.49K | -552.20K | -1.44M | -1.98M | -4.07M |
| Investing Cash Flow | 0.00 | 8.00 | 0.00 | 317.93K | -5.21K | -733.46K |
| Financing Cash Flow | 200.00K | 380.00K | 662.66K | 971.23K | 1.56M | 2.66M |
Modern Meat Technical Analysis
Negative
0.03
Price Trends
0.11
Negative
0.15
Negative
0.18
Negative
Market Momentum
-0.02
Negative
36.65
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MEAT, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.11, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 36.65 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 Negative sentiment for TSE:MEAT.
Modern Meat Peers Comparison
UnderperformOutperform
Sector (62)
TSE:MEAT
Modern Meat
0.06
-0.01
-14.29%
TSE:BITE
Blender Bites
0.15
0.00
0.00%
TSE:MOOO.X
Happy Supplements Inc.
0.35
-0.17
-32.69%
TSE:CULT
Cult Food Science Corp.
0.25
-0.25
-50.00%
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.