NEO Battery Materials Ltd (TSE:NBM)
:NBM
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NEO Battery Materials Ltd
(NBM)
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Rating:48Neutral
Price Target:
C$0.71
â–²(55.00% Upside)
Action:Reiterated
Date:01/31/26
Overall score reflects weak financial performance driven by zero revenue, widening losses, and significant cash burn, partially offset by a strengthened balance sheet with low debt. Technicals are moderately supportive with price above longer-term averages and neutral momentum, while valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Low absolute debt / Manageable leverage
A very low absolute debt load (~$0.39M TTM) reduces refinancing and interest risks for a pre-revenue materials developer. This durable balance-sheet feature preserves strategic optionality to fund R&D and pilot commercialization without immediate pressure to service large borrowings.
Negative Factors
Pre-revenue status
Zero trailing revenues mean the business model has not yet delivered commercial sales, leaving outcomes dependent on successful pilot-to-scale transitions. This structural execution risk requires sustained financing and exposes investors to the full commercialization risk over 2–6 months and beyond.
Read all positive and negative factors
Positive Factors
Negative Factors
Low absolute debt / Manageable leverage
A very low absolute debt load (~$0.39M TTM) reduces refinancing and interest risks for a pre-revenue materials developer. This durable balance-sheet feature preserves strategic optionality to fund R&D and pilot commercialization without immediate pressure to service large borrowings.
Read all positive factors
NEO Battery Materials Ltd (NBM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$44.77M
Dividend YieldN/A
Average Volume (3M)185.84K
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue GrowthN/A
EPS Growth-10.82%
CountryCA
Employees4
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding154,392,930
10 Day Avg. Volume205,186
30 Day Avg. Volume185,844
Financial Highlights & Ratios
PEG Ratio-0.89
Price to Book (P/B)81.09
Price to Sales (P/S)0.00
P/FCF Ratio-45.20
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
NEO Battery Materials Ltd Business Overview & Revenue Model
Company Description
NEO Battery Materials Ltd., founded in 2006 and headquartered in Vancouver, Canada, operates as an emerging resource enterprise specializing in the search for battery metals throughout North America. The company possesses stakes in mining claims c...
How the Company Makes Money
NEO Battery Materials Ltd primarily generates revenue through the sale of its proprietary silicon anode materials to battery manufacturers and technology companies involved in the production of lithium-ion batteries. The company develops and licen...
NEO Battery Materials Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
54
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | May 2025 | May 2024 | May 2022 | May 2021 | Feb 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -317.50K | -281.22K | -206.97K | -72.00K | -59.77K | -58.89K |
| EBITDA | -5.31M | -3.96M | -2.98M | -1.91M | -1.44M | -979.71K |
| Net Income | -5.24M | -3.88M | -2.84M | -2.08M | -1.66M | -1.09M |
Balance Sheet | ||||||
| Total Assets | 9.54M | 1.42M | 2.95M | 1.67M | 746.37K | 389.12K |
| Cash, Cash Equivalents and Short-Term Investments | 4.82M | 369.69K | 941.98K | 1.26M | 638.30K | 219.28K |
| Total Debt | 229.67K | 168.07K | 215.75K | 12.17K | 1.37M | 141.85K |
| Total Liabilities | 1.16M | 654.09K | 725.43K | 178.29K | 1.58M | 306.46K |
| Stockholders Equity | 8.99M | 977.77K | 2.06M | 1.50M | -834.53K | 82.66K |
Cash Flow | ||||||
| Free Cash Flow | -6.69M | -1.75M | -2.88M | -1.67M | -760.43K | -1.15M |
| Operating Cash Flow | -6.47M | -1.73M | -2.52M | -1.50M | -759.08K | -1.15M |
| Investing Cash Flow | -225.84K | -25.22K | -2.07M | -177.46K | -1.34K | 0.00 |
| Financing Cash Flow | 11.08M | 1.22M | 3.90M | 2.30M | 1.18M | 1.06M |
NEO Battery Materials Ltd Technical Analysis
Negative
0.46
Price Trends
0.42
Negative
0.53
Negative
0.56
Negative
Market Momentum
-0.04
Positive
30.29
Neutral
13.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NBM, the sentiment is Negative. The current price of 0.46 is above the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.42, and below the 200-day MA of 0.56, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 30.29 is Neutral, neither overbought nor oversold. The STOCH value of 13.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NBM.
NEO Battery Materials Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$17.96M | -3.13 | ― | ― | ― | ― | |
48 Neutral | C$44.77M | -6.71 | -188.17% | ― | ― | -10.82% | |
47 Neutral | C$28.74M | -8.05 | -51.29% | ― | ― | 81.71% | |
45 Neutral | C$43.21M | -71.15 | -3.27% | ― | ― | -60.00% | |
43 Neutral | C$14.44M | -11.18 | -110.71% | ― | ― | 95.68% | |
42 Neutral | C$14.80M | -0.57 | -26.61% | ― | ― | -10.86% |
* Basic Materials Sector Average
TSE:NBM
NEO Battery Materials Ltd
0.29
-0.24
-45.28%
TSE:GGI
Garibaldi Resources
0.10
0.02
35.71%
TSE:LIT
Argentina Lithium & Energy
0.09
0.03
41.67%
TSE:NMI
Namibia Critical Metals Inc
0.19
0.12
184.62%
TSE:STS
South Star Battery Metals
0.15
-0.09
-36.96%
TSE:LBNK
LithiumBank Resources Corp.
0.45
0.22
95.65%
NEO Battery Materials Ltd Corporate Events
Business Operations and Strategy
NEO Battery Strikes Zio Robot Deal to Power Heavy-Duty AI Logistics Robots
Positive
Feb 26, 2026
NEO Battery Materials has entered a strategic technology partnership with South Korean AI logistics robotics firm Zio Robot to integrate high-energy lithium-ion battery cells into Zio’s Mobile Worker autonomous mobile robots. The collaborati...
Business Operations and StrategyProduct-Related Announcements
NEO Battery Nearly Doubles Drone Flight Time in Field Test, Advancing Non-Chinese Battery Platform
Positive
Feb 18, 2026
NEO Battery Materials nearly doubled the flight time of a Korean customer’s commercial surveillance drone in a live cold-weather field test, with its new NBM Drone Cell extending average flights from about 30 minutes to just over 59 minutes ...
Business Operations and StrategyExecutive/Board Changes
NEO Battery Materials Taps Former ROK Army Chief and New IR Firm to Bolster Defense Push
Positive
Feb 10, 2026
NEO Battery Materials has appointed retired four-star General Chang-Jun Ko, former Acting Chief of Staff of the Republic of Korea Army, to its board as an independent director, reinforcing the company’s strategic push into South Korea’...
Business Operations and StrategyProduct-Related Announcements
NEO Battery Ties Up With Korea Zinc, Taesung to Commercialize Composite Copper Foils for Drones and Robotics
Positive
Feb 5, 2026
NEO Battery Materials has entered a technology partnership with Korea Zinc and Taesung under a memorandum of understanding to commercialize composite copper foil current collectors for lithium-ion batteries used in drones, robotics and micromobili...
Business Operations and StrategyProduct-Related Announcements
NEO Battery Unveils Higher-Capacity Drone Cell to Challenge Chinese Supply Dominance
Positive
Feb 2, 2026
NEO Battery Materials has developed its first high-performance drone battery cell, the NBM Drone Cell, which delivers more than 50% higher capacity and 40% greater energy density than widely used Chinese-made commercial drone batteries, while main...
Business Operations and StrategyPrivate Placements and Financing
NEO Battery Materials Seeks Up to C$7 Million in Private Placement to Expand Battery Manufacturing
Positive
Jan 20, 2026
NEO Battery Materials has launched a non-brokered private placement of up to approximately 11.67 million units at C$0.60 per unit, seeking to raise as much as C$7 million. Each unit includes one common share and one non-transferable warrant exerci...
Business Operations and StrategyPrivate Placements and Financing
NEO Battery Materials Secures C$7 Million in Fully Subscribed Private Placement to Expand Manufacturing
Positive
Jan 20, 2026
NEO Battery Materials has fully subscribed a non-brokered private placement of 11,666,667 units at C$0.60 per unit, raising approximately C$7 million with strong backing from institutional investors. Each unit comprises one common share and one no...
Business Operations and StrategyExecutive/Board Changes
NEO Battery Materials Grants RSUs as It Shifts From R&D to Manufacturing
Positive
Jan 6, 2026
NEO Battery Materials Ltd., a Canadian developer of silicon-enhanced lithium-ion batteries for high-performance applications such as drones, robotics, EVs, and AI-focused energy storage systems, is expanding from its RD roots toward full-scale man...
Business Operations and Strategy
NEO Battery Wins Vendor Status with Asian Fortune 500 Automaker
Positive
Jan 6, 2026
NEO Battery Materials has secured official vendor status with an unnamed Asian Fortune Global 500 automotive original equipment manufacturer, following a successful supplier onboarding process that met the customer’s technical, compliance an...
Business Operations and StrategyExecutive/Board Changes
NEO Battery Materials Taps U of T Polymer Expert for Lightweight Battery and Drone R&D Push
Positive
Dec 30, 2025
NEO Battery Materials has appointed University of Toronto associate professor and nano-structured polymer and composite materials expert Dr. Patrick C. Lee as Senior Scientific Advisor to support its silicon-enhanced battery technology for mobilit...
Business Operations and Strategy
NEO Battery Wins Second Fortune 500 Auto Order, Advancing OEM Commercial Ties
Positive
Dec 30, 2025
NEO Battery Materials has secured a second pilot-scale battery purchase order from a North America-based Fortune 500 automotive manufacturer, following a recent initial order from an Asia-based Fortune 500 automaker, marking deeper engagement with...
Business Operations and Strategy
NEO Battery Ties Up With Korean Defense Institute to Push Drone Battery Integration
Positive
Dec 30, 2025
NEO Battery Materials has signed a Memorandum of Understanding with the Korea Institute for Defense Industry, a Ministry of National Defense-approved organization, to deepen its engagement with South Korea’s defense ecosystem across industry...
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.