Modern Meat (TSE:MEAT)
:MEAT
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Modern Meat
(MEAT)
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Rating:44Neutral
Price Target:
C$0.09
▲(53.33% Upside)
Action:Reiterated
Date:05/02/26
The score is primarily constrained by weak financial performance—persistent heavy losses, negative equity, and ongoing negative free cash flow. Technicals also remain unfavorable with the price below major moving averages, while valuation is not supportive due to negative earnings and no dividend yield data.
Positive Factors
Diversified sales channels
Modern Meat sells through both retail and foodservice channels, giving it multiple distribution pathways. That structural channel diversification supports durable revenue opportunities as retail placements and foodservice adoption take months to secure and scale, reducing single-channel concentration risk.
Negative Factors
Negative gross profit
Negative gross profit indicates the company loses money on core product sales, a foundational margin failure. Without sustainable improvements to pricing, sourcing, or manufacturing efficiency, the business cannot scale profitably, making long-term margins and viability highly uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified sales channels
Modern Meat sells through both retail and foodservice channels, giving it multiple distribution pathways. That structural channel diversification supports durable revenue opportunities as retail placements and foodservice adoption take months to secure and scale, reducing single-channel concentration risk.
Read all positive factors
Modern Meat (MEAT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.40M
Dividend YieldN/A
Average Volume (3M)3.95K
Price to Earnings (P/E)―
Beta (1Y)3.23
Revenue Growth-0.62%
EPS Growth64.01%
CountryCA
EmployeesN/A
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)-0.04
Shares Outstanding14,703,628
10 Day Avg. Volume1,050
30 Day Avg. Volume3,950
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-0.24
Price to Sales (P/S)0.73
P/FCF Ratio-0.87
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., a food company, develops and distributes plant-based meat alternative products in Canada and the United States. The company offers plant-based products, including meat and dairy-free alternatives, soups, and vegan sn...
How the Company Makes Money
Modern Meat makes money primarily by selling plant-based meat alternative products. Its core revenue stream is product sales through (1) retail distribution (selling packaged products to retailers/distributors that then sell to end consumers) and ...
Modern Meat Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Aug 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 590.21K | 568.24K | 625.48K | 751.35K | 1.65M | 2.27M |
| Gross Profit | -71.81K | -65.78K | 125.03K | 103.72K | 23.15K | 386.90K |
| EBITDA | -322.02K | -625.98K | -643.00K | -8.18M | -11.31M | -5.84M |
| Net Income | -563.92K | -850.16K | -810.00K | -8.29M | -11.59M | -6.18M |
Balance Sheet | ||||||
| Total Assets | 1.06M | 1.06M | 612.77K | 702.53K | 1.24M | 3.48M |
| Cash, Cash Equivalents and Short-Term Investments | 67.98K | 69.59K | 166.08K | 57.71K | 216.60K | 647.49K |
| Total Debt | 2.24M | 1.79M | 1.31M | 657.92K | 166.79K | 527.87K |
| Total Liabilities | 3.16M | 2.81M | 2.27M | 1.66M | 1.13M | 1.67M |
| Stockholders Equity | -2.09M | -1.75M | -1.65M | -952.32K | 108.91K | 1.83M |
Cash Flow | ||||||
| Free Cash Flow | -405.81K | -475.49K | -552.20K | -1.45M | -1.98M | -4.82M |
| Operating Cash Flow | -405.82K | -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 | 390.00K | 380.00K | 662.66K | 971.23K | 1.56M | 2.66M |
Modern Meat Technical Analysis
Positive
0.06
Price Trends
0.09
Positive
0.10
Positive
0.09
Positive
Market Momentum
>-0.01
Negative
56.86
Neutral
120.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MEAT, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.09, and below the 200-day MA of 0.09, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.86 is Neutral, neither overbought nor oversold. The STOCH value of 120.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MEAT.
Modern Meat Peers Comparison
UnderperformOutperform
Sector (62)
TSE:MEAT
Modern Meat
0.10
>-0.01
-9.52%
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0.00
0.00%
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0.04
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-76.51%
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0.35
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-56.25%
TSE:CULT
Cult Food Science Corp.
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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.