Minaean SP Construction (MSP) AI Stock Analysis

• Market Cap: C$615.85K
• Dividend Yield: N/A
• Average Volume (3M): 300.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.09
• Revenue Growth: N/A
• EPS Growth: 80.69%
• Country: CA
• Employees: N/A
• Sector: Industrials
• Sector Strength: 70
• Industry: Engineering & Construction
• EPS (TTM): >-0.01
• Shares Outstanding: 61,584,880
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 300
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -96.20
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

The overall score of 13 reflects severe financial distress characterized by zero revenue and substantial losses, which is the primary concern. Technical analysis supports the negative outlook with weak momentum indicators and oversold signals. The valuation is unattractive given the negative P/E ratio and lack of dividends.

Minaean SP Construction Business Overview & Revenue Model

Company Description

Minaean SP Construction Corp., through its subsidiaries, provides general contracting services to the construction industry in Canada. The company provides Light Gauge Steel technology, a cold formed galvanized steel that comes in a coil form to produce a range of uniform shapes and products; Vesta Quik-Build System that utilizes corrugated load-bearing light gauge steel panels; the Artisan Quik-Build System, a building technology, which uses an engineered floor and steel framed wall system to construct buildings; and Modular Quik-Build System, a prefabricated system of constructing a building in modules in a factory. It also offers contracting services, including engineering, procurement, and construction, as well as design-build services in the residential, commercial, industrial, healthcare, and hospitality sectors; and consulting services for large scale construction projects. The company was formerly known as Minaean International Corp. and changed its name to Minaean SP Construction Corp. in August 2015. Minaean SP Construction Corp. was incorporated in 1998 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Minaean SP Construction (MSP) makes money through its construction contracts and projects, which form the core of its revenue model. The company engages in the construction of various infrastructure projects, including residential buildings, commercial spaces, and industrial facilities. MSP earns revenue by providing end-to-end construction services, from design and engineering to project management and execution. The company may also generate income through strategic partnerships and collaborations with other construction firms and developers, enhancing its capacity to undertake large-scale projects. Additionally, MSP's focus on sustainable building practices and prefabrication methods can lead to cost savings and increased profitability, further contributing to its earnings.

Minaean SP Construction Financial Statement Overview

Summary

Minaean SP Construction is experiencing severe financial difficulties with no revenue and significant losses impacting all financial aspects. The balance sheet indicates potential solvency risks, and while there is a slight improvement in cash flow, it is insufficient to counterbalance overall financial distress.

Income Statement

The company's income statement reflects significant challenges, with zero revenue in the TTM period and substantial negative net income. Historical data shows a complete revenue drop from $300,000 in 2022 to none in 2023 and 2024, leading to negative EBIT and net profit margins. This indicates severe operational and profitability issues.

Balance Sheet

The balance sheet reveals critical financial instability, highlighted by a negative stockholders' equity and a high debt level relative to assets, resulting in a negative equity ratio. The debt-to-equity ratio is unfavorable, suggesting potential solvency issues.

Cash Flow

Cash flow analysis shows some positive movement with a slight improvement in free cash flow in the TTM period, although it remains low. Operating cash flow is positive in the latest period, but historical negative cash flows highlight ongoing liquidity challenges.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	0.00	300.00K	300.00K	350.00K
	Gross Profit
-1.04K	-1.04K	-163.00	300.00K	300.00K	350.00K
	EBIT
-225.49K	-238.70K	-379.58K	30.38K	18.88K	22.93K
	EBITDA
-158.22K	-238.70K	-916.91K	-922.52K	-268.79K	23.23K
	Net Income Common Stockholders
-171.87K	-267.01K	-947.29K	-939.56K	-282.38K	30.34K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
47.27K	35.19K	32.14K	81.97K	106.88K	28.51K
	Total Assets
102.24K	131.14K	80.63K	656.61K	1.33M	1.37M
	Total Debt
205.21K	61.75K	57.29K	37.12K	33.60K	―
	Net Debt
176.55K	44.59K	43.38K	-26.84K	-54.49K	―
	Total Liabilities
1.19M	1.10M	851.56K	620.24K	454.92K	494.46K
	Stockholders Equity
-1.09M	-971.09K	-770.93K	36.36K	878.33K	872.99K
Cash Flow		Free Cash Flow
7.56K	-61.72K	-210.05K	-115.24K	-182.43K	-24.12K
	Operating Cash Flow
7.56K	-61.72K	-210.05K	-115.24K	-182.43K	-23.00K
	Investing Cash Flow
0.00	0.00	0.00	0.00	0.00	8.51K
	Financing Cash Flow
8.28K	65.00K	160.00K	91.25K	251.50K	1.93K

Minaean SP Construction Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MSP, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 27.74 is Positive, 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:MSP.

Minaean SP Construction Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WSP	80 Outperform	C$31.66B	46.90	9.33%	0.59%	11.98%	22.53%
FTG	76 Outperform	C$200.88M	14.89	17.82%	―	15.25%	48.96%
BDI	64 Neutral	C$520.28M	19.22	8.37%	1.61%	2.41%	-16.76%
Sector *	63 Neutral	$4.28B	11.33	5.43%	214.88%	4.12%	-8.65%
ARE	50 Neutral	C$967.64M	―	-5.87%	4.85%	-8.64%	-136.62%
MSP	13 Underperform	C$615.85K	―	22.10%	―	―	80.69%

Minaean SP Construction Corporate Events

Minaean SP Construction Announces Key Appointments and AGM Voting Results

Minaean SP Construction Corp. held its Annual General Meeting on March 25, 2025, in Vancouver, where shareholders voted to appoint four directors and re-appoint Davidson & Company LLP as auditors. Additionally, Mervyn Pinto was appointed as CEO, CFO, President, and Corporate Secretary, while Haneef Esmail was named Chairman of the Board. These appointments and approvals are expected to influence the company’s strategic direction and governance structure.

Bristol Management Limited Acquires Majority Stake in Minaean SP Construction

Minaean SP Construction Corporation, listed on the TSX Venture Exchange, has announced a significant change in its ownership structure. Bristol Management Limited has acquired 31,343,819 common shares from Shapoorji Pallonji International FZC and Fali Vajifdar, resulting in Bristol holding 51.3% of the company’s shares. This acquisition marks a shift in control and could influence the company’s strategic direction, as Bristol has expressed a long-term investment interest and may adjust its holdings based on market conditions.