Progressive Planet Solutions Inc (PLAN) AI Stock Analysis

• Market Cap: C$18.11M
• Dividend Yield: N/A
• Average Volume (3M): 35.25K
• Price to Earnings (P/E): 17.7
• Beta (1Y): 0.17
• Revenue Growth: -1.12%
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 63
• Industry: Industrial Materials
• EPS (TTM): <0.01
• Shares Outstanding: 109,761,940
• 10 Day Avg. Volume: 14,917
• 30 Day Avg. Volume: 35,252
• PEG Ratio: 0.08
• Price to Book (P/B): 1.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.34
• 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

• Rating: 72 Outperform
• Price Target: C$0.00 ▼( -100.00% Downside)

Progressive Planet Solutions Inc shows a solid financial foundation with significant growth potential driven by strategic partnerships and technological advancements. While its technical indicators and valuation are moderate, the company's strong cash flows and corporate initiatives position it favorably for future growth.

Progressive Planet Solutions Inc Business Overview & Revenue Model

Company Description

Progressive Planet Solutions Inc., together with its subsidiaries, engages in the acquisition and exploration of mineral properties in Canada. It primarily explores for natural pozzolan deposits. The company holds 100% interest in the Z1 Zeolite mine located 3 kms northeast of Cache Creek, British Columbia; and the Z3 Heffley property situated in Heffley Creek, British Columbia. It also holds interests in Z2 Zeolite property located near Falkland, British Columbia. In addition, the company is involved in converting post-consumer glass into a low carbon cement; manufacture of mineral based products derived from diatomaceous earth, zeolite, and bentonite for use in agricultural, industrial, and consumer applications; and developing solutions for sequestering CO2 and minimizing the carbon footprint. Further, it manufactures industrial minerals, which include industrial absorbents under the CanDry brand; cat litters under the WunderCat brand for retailers; and animal husbandry/agtech products that neutralizes ammonia in chicken barns and enables the birds to breathe easier under the Activated Barn Fresh brand. Progressive Planet Solutions Inc. was incorporated in 2006 and is headquartered in Kamloops, Canada.

How the Company Makes Money

Progressive Planet Solutions Inc. generates revenue through the sale of its sustainable construction materials and technologies. The company's key revenue streams include the commercialization of eco-friendly cement and concrete products, which provide a lower carbon footprint alternative to conventional materials. Additionally, PLAN collaborates with industry partners and engages in strategic partnerships that expand its market reach and enhance its product offerings. These collaborations often involve joint ventures in research and development to innovate and scale up production of their green technologies, further driving their revenue growth.

Progressive Planet Solutions Inc Financial Statement Overview

Summary

Progressive Planet Solutions Inc shows strong financial performance with a profitability shift, improved EBIT and EBITDA margins, and robust cash generation. However, moderate leverage and past high liabilities require monitoring.

Income Statement

Progressive Planet Solutions Inc has shown significant improvement in its financial performance over the years. The TTM gross profit margin stands at 34.9%, indicating strong production efficiency. The company has turned profitable with a net profit margin of 6.6% in the TTM, a positive shift from previous losses. Revenue growth has been substantial from 2022 to 2023, but a slight decline is noted in the TTM compared to the annual report. EBIT and EBITDA margins have improved significantly, reflecting better cost management and operational efficiency.

Balance Sheet

The balance sheet indicates a moderate level of financial health. The debt-to-equity ratio is 0.59, showing manageable leverage, but the industry typically favors stronger equity positions. Return on equity has improved to 9.3%, showcasing better profitability returns for shareholders. The equity ratio is at 52.4%, suggesting a reasonable level of asset financing through equity. However, past high liabilities highlight the need to monitor leverage closely.

Cash Flow

The cash flow statement reflects a robust cash generation capability with an excellent free cash flow growth rate. Operating cash flow exceeded net income in the TTM, illustrating strong cash efficiency. The free cash flow to net income ratio is favorable, indicating that the company can effectively convert its profits into cash, supporting investment and debt servicing.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
19.39M	19.63M	19.54M	3.83M	0.00	0.00
	Gross Profit
6.78M	6.01M	5.13M	484.33K	-151.73K	-50.70K
	EBIT
2.38M	678.03K	-1.14M	-4.51M	-2.65M	-778.08K
	EBITDA
2.85M	1.36M	308.26K	-2.86M	-2.21M	-1.66M
	Net Income Common Stockholders
1.27M	-392.83K	-1.16M	-3.29M	-2.39M	-1.72M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
690.16K	1.69M	704.55K	1.77M	1.34M	239.25K
	Total Assets
26.26M	26.31M	26.83M	28.40M	4.26M	1.82M
	Total Debt
9.17M	9.07M	9.21M	12.68M	425.81K	189.40K
	Net Debt
8.48M	8.39M	8.51M	10.91M	-912.77K	88.14K
	Total Liabilities
13.92M	13.31M	14.08M	18.53M	678.70K	373.55K
	Stockholders Equity
12.34M	13.00M	12.75M	9.87M	3.58M	1.44M
Cash Flow		Free Cash Flow
2.17M	1.74M	-170.99K	-2.71M	-1.91M	-833.18K
	Operating Cash Flow
3.24M	2.57M	1.61M	-2.19M	-899.47K	-600.20K
	Investing Cash Flow
468.93K	-586.95K	-1.65M	-11.49M	-887.81K	-53.15K
	Financing Cash Flow
-1.46M	-1.00M	-1.03M	14.11M	3.02M	502.22K

Progressive Planet Solutions Inc Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PLAN, the sentiment is Positive. The current price of 0.16 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.15, and above the 200-day MA of 0.15, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.37 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PLAN.

Progressive Planet Solutions Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLAN	72 Outperform	C$18.11M	17.74	7.85%	―	-1.12%	―
Sector *	60 Neutral	$2.76B	10.59	0.51%	8507.90%	5.51%	-19.44%
AVLNF		$11.20M	―	-5.23%	―	―	―
FNC	54 Neutral	C$17.59M	3.24	10.15%	―	―	―
GMA	51 Neutral	C$20.08M	―	-65.04%	―	-89.84%	-16.41%
VOY	48 Neutral	C$18.32M	57.14	22.93%	―	―	―
ABR	39 Underperform	C$18.16M	550.00	0.98%	―	―	85.65%

Progressive Planet Solutions Inc Corporate Events

Progressive Planet Grants Stock Options to Key Stakeholders

Progressive Planet has announced the granting of 2,860,000 stock options to its directors, officers, consultants, and employees, with a significant portion allocated to company insiders. This strategic move aligns with the company’s stock option plan and reflects its commitment to incentivizing key stakeholders, potentially impacting its operational dynamics and market positioning.

Progressive Planet Secures $1.14 Million for Low-Carbon Cement Pilot Plant

Progressive Planet Solutions Inc. has secured a $1.14 million grant from the British Columbia Innovative Clean Energy Fund to advance its PozGlass™ pilot plant, which aims to reduce the carbon footprint of cement production by transforming post-consumer glass into a supplementary cementitious material. This funding, along with a strategic partnership with Lafarge Canada, positions Progressive Planet to capitalize on the growing low-carbon cement market, which is projected to triple by 2034, and supports the company’s mission to scale its innovative solution for significant emissions reductions.

Headwater Exploration Inc. Reports Strong 2024 Financial Performance

Headwater Exploration Inc., a company engaged in the exploration and production of oil and gas, has reported its financial and operational results for the year ending December 31, 2024. The company experienced a notable increase in sales and net income compared to the previous year, with sales net of blending rising by 23% and net income increasing by 20%. Despite a slight decrease in cash flows from operating activities, Headwater maintained its dividend payout and reported an 8% increase in average daily production. These results underscore the company’s stable financial performance and its ability to sustain shareholder returns while navigating market fluctuations.

Progressive Planet Secures $4.6 Million for Low-Carbon Cement Innovation

Progressive Planet Solutions Inc has secured up to $4.6 million in non-dilutive funding from Sustainable Development Technology Canada to build a pilot plant for PozGlass™ in Kamloops, BC. This investment marks a significant step in decarbonizing the construction industry by reducing reliance on carbon-intensive clinker and diverting waste glass from landfills. The collaboration with Lafarge Canada, which has agreed to purchase all PozGlass™ produced by the pilot plant, underscores the potential impact of this innovation on the cement industry.

Progressive Planet Embarks on Plant Modernization with Robotics Investment

Progressive Planet Solutions Inc. has initiated a modernization project for its plant operations, investing in robotics to enhance efficiency and productivity. The company recently upgraded its legacy PLC system, laying the groundwork for integrating new robotics into its two largest production lines by September 2025. This move is expected to significantly improve throughput and packaging speed, allowing simultaneous operation of its animal care and powder product lines. The investment is part of Progressive Planet’s strategy to remain competitive and position itself for long-term growth by adopting advanced technologies.