Mene (MENE) AI Stock Analysis

• Market Cap: $45.63M
• Dividend Yield: N/A
• Average Volume (3M): 20.20K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.17
• Revenue Growth: 18.89%
• EPS Growth: -19.61%
• Country: CA
• Employees: N/A
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): 0.00
• Shares Outstanding: 150,418,170
• 10 Day Avg. Volume: 23,377
• 30 Day Avg. Volume: 20,200
• PEG Ratio: 0.59
• Price to Book (P/B): 1.68
• Price to Sales (P/S): 1.16
• P/FCF Ratio: -48.82
• Enterprise Value/Market Cap: 0.75
• Enterprise Value/Revenue: 1.25
• Enterprise Value/Gross Profit: 4.34
• Enterprise Value/Ebitda: 95.80
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: C$0.16 ▼(-1.88% Downside)

Mene's overall stock score is primarily impacted by its financial performance, which shows significant challenges in profitability and cash flow management. Technical analysis indicates bearish trends and weak momentum, while valuation metrics are unattractive due to negative earnings and lack of dividends. These factors collectively contribute to a lower stock score.

Positive Factors

Unique Pricing Model

Mene's transparent pricing model enhances customer trust and loyalty, potentially leading to sustained revenue growth by differentiating it from traditional luxury brands.

Direct-to-Consumer Approach

By eliminating intermediaries, Mene can maintain competitive pricing and healthier margins, which supports long-term profitability and market positioning.

Revenue Growth

The positive revenue growth trend indicates an expanding customer base and successful market penetration, which bodes well for future financial performance.

Negative Factors

Profitability Challenges

Negative profit margins highlight operational inefficiencies, which could hinder long-term financial health unless addressed through cost management and strategic initiatives.

Cash Flow Management

Negative operational cash flow suggests liquidity issues, potentially limiting the company's ability to invest in growth opportunities and manage debt effectively.

Leverage Risks

High leverage can strain financial flexibility, increasing vulnerability to economic downturns and impacting long-term sustainability if not managed prudently.

Mene Business Overview & Revenue Model

Company Description

Mene (MENE) is a luxury jewelry brand that specializes in the design and sale of high-quality gold and diamond jewelry. The company operates primarily in the online retail sector, offering a range of products including rings, necklaces, bracelets, and earrings that are crafted using ethically sourced materials. Mene aims to provide transparency in pricing and quality, allowing customers to purchase premium jewelry without traditional retail markups.

How the Company Makes Money

Mene generates revenue primarily through direct sales of its jewelry products via its e-commerce platform. The company employs a unique pricing model that emphasizes transparency, allowing customers to see the intrinsic value of the materials used in their purchases. This direct-to-consumer approach eliminates intermediaries and traditional retail markups, enabling Mene to offer competitive pricing while maintaining healthy profit margins. Additionally, Mene may engage in partnerships with luxury brands and influencers to enhance its market reach, further driving sales through targeted marketing and collaborations.

Mene Financial Statement Overview

Summary

Mene faces challenges in achieving consistent profitability and positive cash flow, with negative margins and fluctuating revenues. The balance sheet shows a reasonable equity position but with significant leverage risks. The company must focus on improving operational efficiency and cash flow management to enhance financial stability.

Income Statement

Mene's revenue has shown inconsistent growth over the years. The gross profit margin improved slightly in the latest year, but the net profit margin remains negative, indicating challenges in achieving profitability. EBIT and EBITDA margins are also negative, suggesting operational inefficiencies.

Balance Sheet

The company has maintained a positive equity position with an improving debt-to-equity ratio. However, the total debt is significant relative to equity, which poses a leverage risk. The equity ratio has been relatively stable, indicating a balanced asset financing structure.

Cash Flow

Mene's cash flow from operations has been negative recently, though there was a significant positive free cash flow in 2022. The free cash flow to net income ratio is challenging to evaluate due to consistent net losses. Overall, cash flow management requires attention.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	27.47M	25.80M	23.29M	26.91M	26.77M	21.13M
Gross Profit	7.90M	7.47M	5.83M	6.64M	6.52M	5.20M
EBITDA	358.23K	-382.00K	-1.40M	-769.00K	332.79K	-2.11M
Net Income	-318.73K	-994.00K	-1.99M	-1.46M	-32.64K	-3.35M
Balance Sheet
Total Assets	19.24M	21.05M	18.22M	31.71M	29.69M	32.95M
Cash, Cash Equivalents and Short-Term Investments	7.17M	7.57M	8.26M	13.27M	8.91M	14.43M
Total Debt	630.76K	725.30K	768.24K	12.35M	10.42M	20.22M
Total Liabilities	2.11M	3.28M	2.24M	14.25M	12.07M	21.44M
Stockholders Equity	17.13M	17.77M	15.98M	17.47M	17.62M	11.50M
Cash Flow
Free Cash Flow	649.42K	-612.41K	-868.22K	3.97M	-1.05M	-5.42M
Operating Cash Flow	819.72K	-491.58K	-854.62K	4.70M	-1.02M	-5.37M
Investing Cash Flow	-170.29K	-120.83K	11.70M	-11.51M	3.97M	10.95M
Financing Cash Flow	-154.02K	-148.60K	-3.73M	13.98K	-4.69M	-9.30M

Mene Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MENE, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.19, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.89 is Neutral, neither overbought nor oversold. The STOCH value of 46.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MENE.

Mene Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IFA	70 Neutral	C$41.51M	26.40	7.33%	―	41.93%	―
KDOZ	63 Neutral	C$40.70M	77.50	9.46%	―	32.71%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
MENE	46 Neutral	$45.63M	―	-9.12%	―	18.89%	-19.61%

Mene Corporate Events

Menē Inc. Sees Revenue Growth Amid Strategic Initiatives in Q3 2025

Menē Inc. reported a 10% increase in revenue for the third quarter of 2025, reaching $5.9 million, with a gross profit margin maintained at 30%. Despite a decrease in new customer acquisitions and orders, the company saw a 32% rise in average order value, attributed to strategic sales initiatives. Menē introduced 20 new product designs and achieved 73% of sales from returning customers, indicating strong brand loyalty. The company’s strategic focus remains on sustaining revenue growth in the US market, with ongoing efforts to enhance customer acquisition and order volumes.

Menē Reaches CAD$250 Million Milestone in Client Jewelry Holdings

Menē Inc. has announced that its clients now hold over CAD$250 million in jewelry, marking a significant milestone since its inception in 2017. This achievement underscores the company’s mission to link jewelry with savings, as well as its unique market position as a luxury brand offering high-quality, pure gold and platinum pieces. The milestone reflects strong client support and highlights Menē’s role in democratizing access to precious metals, emphasizing the enduring value and tradition of its products.

Menē Inc. Reaches CAD$250 Million Milestone in Client Jewelry Holdings

Menē Inc. has achieved a significant milestone with its clients holding over CAD$250 million in jewelry, comprising CAD$226 million in gold and CAD$26 million in platinum. This achievement underscores Menē’s mission to link jewelry with savings, highlighting the brand’s commitment to offering high-quality, pure metal pieces that serve as both a store of value and a timeless heirloom. The milestone reflects the strong support from Menē’s clientele and positions the company as a unique player in the luxury market, emphasizing the enduring value and tradition of its products.

Menē Inc. Reports Q2 2025 Financial Results with Focus on US Market Growth

Menē Inc. reported a decrease in revenue for the second quarter of 2025, with a 13% year-over-year decline to $5.6 million. Despite the drop in revenue, the company maintained a consistent gross profit margin of 27%. The company sold 42 kilograms of jewelry, amounting to 4,107 units, and introduced 30 new product designs. Sales to returning customers accounted for 69% of total sales, indicating strong customer loyalty. The company has successfully reduced distribution costs by approximately 45%, resulting in significant savings. Menē aims to focus on sustained revenue growth in its core market, the USA, by increasing the number of orders and new customers.