Planet Based Foods Global Inc (PBF) AI Stock Analysis

• Market Cap: C$1.92M
• Dividend Yield: N/A
• Average Volume (3M): 11.41K
• Price to Earnings (P/E): 1.3
• Beta (1Y): -0.22
• Revenue Growth: -170.36%
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Healthcare
• Sector Strength: 45
• Industry: Drug Manufacturers - Specialty & Generic
• EPS (TTM): -0.01
• Shares Outstanding: 34,985,233
• 10 Day Avg. Volume: 21,705
• 30 Day Avg. Volume: 11,408
• PEG Ratio: 0.01
• Price to Book (P/B): -0.52
• Price to Sales (P/S): 5.11
• P/FCF Ratio: -1.34
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: C$0.05 ▼(-11.67% Downside)

The score is weighed down primarily by weak financial performance—ongoing operating losses, sustained negative free cash flow, and negative equity indicating funding/dilution risk. Technicals also remain unfavorable with the stock trading below key moving averages and negative MACD. Valuation appears optically low on P/E, but it is not enough to offset the fundamental risks.

Positive Factors

Clear revenue model

A focused B2C/B2B packaged-foods model selling plant-based products through wholesale and direct retail channels provides a durable, repeat-purchase revenue base. This distribution clarity supports steady demand capture and scalability if unit economics improve.

Narrowing losses and cash outflow

A trend toward smaller losses and reduced cash burn signals improving operational discipline and potential runway extension. If sustained, this can enable management to focus on margin improvements and investing in profitable SKUs rather than emergency financing.

Revenue diversification via royalty deal

A royalty agreement can create lower-capex, recurring revenue streams and reduce dependence on direct product sales. This structural diversification, combined with governance continuity, strengthens cash predictability and reduces capital intensity over the medium term.

Negative Factors

Negative shareholders' equity

Meaningfully negative equity is a persistent solvency signal that erodes creditor and investor confidence. It increases dilution and borrowing costs, limits access to traditional financing, and forces reliance on dilutive capital or costly arrangements, constraining long-term strategy.

Persistent operating cash burn

Consistent negative operating and free cash flow shows the core business does not self-fund growth. This structural cash burn requires recurring external financing, limits reinvestment in marketing or R&D, and heightens execution risk over the next several quarters.

Structural unprofitability and revenue volatility

Negative gross margins and erratic revenue indicate weak product-market fit or cost structure problems. Without sustained gross-profit recovery, margin sustainability is unlikely, impairing the company's ability to scale profitably and compete in the longer-term plant‑based market.

Planet Based Foods Global Inc Business Overview & Revenue Model

Company Description

Planet Based Foods Global Inc. manufactures and sells vegan meat-analog based products derived from hemp proteins. It offers burgers, crumbles, breakfast sausage patties, and other products. The company also sells products through online. Planet Based Foods Global Inc. is headquartered in Vancouver, Canada.

How the Company Makes Money

Planet Based Foods Global Inc makes money through the sale of its plant-based food products. The primary revenue stream comes from distribution agreements with retailers and foodservice providers who stock and sell PBF's products. Additionally, the company may engage in direct-to-consumer sales through its online platform. Strategic partnerships with food distributors and collaborations with restaurants further enhance its market presence and contribute to its earnings. By continuously innovating and expanding its product line, Planet Based Foods Global Inc aims to capture a growing share of the plant-based food market, leveraging consumer trends towards sustainable and health-conscious eating.

Planet Based Foods Global Inc Financial Statement Overview

Summary

Very weak fundamentals: persistent operating losses, consistently negative operating cash flow/free cash flow (ongoing cash burn), and a balance sheet that has deteriorated to meaningfully negative stockholders’ equity since 2023. While losses and cash outflow have narrowed versus 2022–2023, revenue is small/inconsistent and the TTM net income swing despite negative operating earnings raises earnings-quality concerns.

Income Statement

The company remains structurally unprofitable: gross profit has been negative in most annual periods, and operating results are deeply negative (large operating losses in 2022–2024). While losses narrowed materially from 2022 to 2024, TTM (Trailing-Twelve-Months) shows a sharp swing in reported net income—despite still negative operating earnings—suggesting earnings quality is weak. Revenue has been small and inconsistent (including a negative TTM revenue figure), which adds volatility and reduces confidence in the trajectory.

Balance Sheet

Financial position has weakened substantially versus earlier years: stockholders’ equity has flipped from positive (2020–2022) to meaningfully negative (2023 onward), which is a major credit and dilution risk signal. Total debt has come down since 2023, but with negative equity and very small asset base in recent periods, balance sheet resilience is limited and leverage optics remain unfavorable despite the debt reduction.

Cash Flow

Cash generation is consistently negative: operating cash flow and free cash flow are deeply negative across all periods, indicating ongoing cash burn and reliance on external funding. There is improvement versus the worst burn years (cash outflow has narrowed from 2022/2023 levels to TTM), but free cash flow still does not support self-funding operations. The apparent alignment of free cash flow to net income in TTM is not a positive here because both are influenced by non-operating effects and cash flow remains negative.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	-256.28K	217.93K	227.27K	229.00K	0.00	0.00
Gross Profit	-13.06K	-98.99K	-100.55K	-8.06K	0.00	0.00
EBITDA	-939.87K	-1.60M	-2.89M	-4.11M	-1.51M	-97.86K
Net Income	428.80K	-1.84M	-2.96M	-4.85M	-4.65M	-137.16K
Balance Sheet
Total Assets	54.02K	21.38K	507.83K	2.13M	6.61M	791.74K
Cash, Cash Equivalents and Short-Term Investments	2.06K	1.54K	55.05K	1.08M	5.43M	22.41K
Total Debt	242.25K	458.20K	597.23K	8.00K	454.79K	156.08K
Total Liabilities	862.02K	2.17M	1.60M	475.65K	755.83K	228.68K
Stockholders Equity	-808.00K	-2.15M	-1.09M	1.65M	5.85M	563.05K
Cash Flow
Free Cash Flow	-431.56K	-827.61K	-1.84M	-3.74M	-2.06M	-186.37K
Operating Cash Flow	-431.56K	-827.61K	-1.84M	-3.65M	-1.93M	-102.65K
Investing Cash Flow	-56.83K	0.00	0.00	-80.67K	111.95K	-51.74K
Financing Cash Flow	424.61K	774.14K	811.34K	-581.49K	7.22M	152.72K

Planet Based Foods Global Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PBF, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.48 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PBF.

Planet Based Foods Global Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MUSH	54 Neutral	C$8.27M	-16.49	-99.55%	―	-26.71%	-988.89%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
XBRA	49 Neutral	C$420.72K	-0.31	―	―	―	―
SE	43 Neutral	C$6.59M	-3.63	―	―	-100.00%	-192.62%
PBF	42 Neutral	C$1.92M	1.31	271.59%	―	-170.36%	―
LEEF	39 Underperform	C$43.85M	-0.81	―	―	―	―

Planet Based Foods Global Inc Corporate Events

Planet Based Foods Halts Singapore Subsidiary Plans

Planet Based Foods Global Inc. has decided not to proceed with the establishment of its wholly owned subsidiary in Singapore, PBFG Trade Pte. Ltd., as previously announced. This decision may impact the company’s strategic expansion plans in Asia, potentially affecting its market positioning and stakeholder expectations in the region.

Planet Based Foods Global Inc. Reports Successful AGM Outcomes

Planet Based Foods Global Inc. announced the results of its annual general meeting, where shareholders approved all proposed matters, including the appointment of directors and auditors, and the approval of an evergreen security-based compensation arrangement. This outcome supports the company’s operational continuity and strategic initiatives, reinforcing its commitment to sustainable food solutions and aligning with evolving consumer values.