Mene Inc Class B (TSE:MENE)
:MENE
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Mene
(MENE)
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Rating:61Neutral
Price Target:
C$0.22
▲(48.00% Upside)
Action:Reiterated
Date:05/29/26
The score is driven primarily by improved financial performance and a very low-debt balance sheet, supported by strong recent operating/free cash flow. This is tempered by weak-to-neutral technical momentum and a high P/E without dividend support, alongside uneven top-line trends (TTM revenue down) and historically volatile results.
Positive Factors
Very low leverage / strong balance sheet
Extremely low debt (debt-to-equity ~0.03) and rising equity provide durable financial flexibility, lower refinancing and interest risk, and capacity to fund operations or opportunistic investments. This conservatism supports survival through cycles and long-term strategic optionality.
Negative Factors
Uneven top-line / TTM revenue decline
A recent decline in TTM revenue after prior growth signals inconsistent demand or execution in core luxury segments. Persistent top-line volatility limits scalable margin expansion, makes forecasting harder, and increases the reliance on margin and cost control to sustain profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low debt (debt-to-equity ~0.03) and rising equity provide durable financial flexibility, lower refinancing and interest risk, and capacity to fund operations or opportunistic investments. This conservatism supports survival through cycles and long-term strategic optionality.
Read all positive factors
Mene (MENE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$50.85M
Dividend YieldN/A
Average Volume (3M)20.20K
Price to Earnings (P/E)21.0
Beta (1Y)0.59
Revenue Growth-2.70%
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)<0.01
Shares Outstanding150,418,170
10 Day Avg. Volume23,377
30 Day Avg. Volume20,200
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)2.05
Price to Sales (P/S)1.37
P/FCF Ratio12.04
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
Mene Business Overview & Revenue Model
Company Description
Based in Toronto, Canada, Mene Inc. is dedicated to the design, manufacturing, and worldwide distribution of exquisite 24-karat gold and platinum jewelry. The company's reach spans key markets including the United States, Canada, and Europe. Throu...
Mene Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
82
Very Positive
Cash Flow
71
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 28.60M | 25.80M | 23.29M | 26.91M | 26.77M |
| Gross Profit | 8.58M | 7.47M | 5.83M | 6.64M | 6.52M |
| EBITDA | 1.36M | -382.00K | -1.40M | -769.00K | 332.79K |
| Net Income | 1.05M | -994.00K | -1.99M | -1.46M | -32.64K |
Balance Sheet | |||||
| Total Assets | 22.20M | 21.05M | 18.22M | 31.71M | 29.69M |
| Cash, Cash Equivalents and Short-Term Investments | 10.53M | 7.57M | 8.26M | 13.27M | 8.91M |
| Total Debt | 573.87K | 725.30K | 768.24K | 12.35M | 10.42M |
| Total Liabilities | 3.14M | 3.28M | 2.24M | 14.25M | 12.07M |
| Stockholders Equity | 19.06M | 17.77M | 15.98M | 17.47M | 17.62M |
Cash Flow | |||||
| Free Cash Flow | 3.25M | -612.41K | -868.22K | 3.97M | -1.05M |
| Operating Cash Flow | 3.30M | -491.58K | -854.62K | 4.70M | -1.02M |
| Investing Cash Flow | -54.81K | -120.83K | 11.70M | -11.51M | 3.97M |
| Financing Cash Flow | -156.36K | -148.60K | -3.73M | 13.98K | -4.69M |
Mene Technical Analysis
Positive
0.15
Price Trends
0.19
Positive
0.19
Positive
0.18
Positive
Market Momentum
<0.01
Negative
51.02
Neutral
24.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MENE, the sentiment is Positive. The current price of 0.15 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.19, and below the 200-day MA of 0.18, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.02 is Neutral, neither overbought nor oversold. The STOCH value of 24.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MENE.
Mene Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$18.86B | 49.35 | 30.33% | ― | 35.21% | 80.50% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | C$50.85M | 20.95 | -8.97% | ― | -2.70% | ― | |
60 Neutral | C$353.76M | 10.24 | 10.41% | ― | 4.21% | -7.35% | |
54 Neutral | C$1.34B | 59.58 | 4.29% | ― | 13.14% | -76.53% |
* Consumer Cyclical Sector Average
TSE:MENE
Mene
0.20
0.05
39.29%
TSE:CKI
Clarke Inc.
22.87
0.87
3.95%
TSE:GOOS
Canada Goose Holdings
13.80
-1.65
-10.68%
TSE:ATZ
Aritzia
164.48
98.41
148.95%
TSE:MNLX
Miniluxe Holding Corp.
0.35
0.02
6.06%
TSE:LULU
lululemon athletica inc. Shs Unsponsored Canadian Depoitary Receipt Hedged Reg S
4.87
-4.36
-47.24%
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.