Minaean SP Construction (PWER) AI Stock Analysis

• Market Cap: C$8.51M
• Dividend Yield: N/A
• Average Volume (3M): 204.40K
• Price to Earnings (P/E): 7.6
• Beta (1Y): -1.32
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Services
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): >-0.01
• Shares Outstanding: 24,316,977
• 10 Day Avg. Volume: 59,710
• 30 Day Avg. Volume: 204,398
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 13.24
• 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: 50 Neutral
• Price Target: C$0.40 ▲(2.56% Upside)

The score is held back primarily by weak financial performance quality—zero/unclear revenue reporting across periods and negative TTM operating/free cash flow despite reported profitability. Technicals are somewhat supportive on a longer-term basis but show near-term softness, while the low P/E helps valuation but is less persuasive given the underlying cash-flow and reporting concerns.

Positive Factors

Lower Leverage

Sustained reduction in debt and lower leverage improves solvency and financial flexibility over months. A lighter debt load lowers refinancing risk, gives management room to fund operations or strategic initiatives, and supports resilience through industry cycles.

Recent Profitability

A multi-year swing to reported net income indicates operational or structural improvement that can persist if underlying drivers hold. Positive earnings enhance retained capital, improve access to credit, and reduce reliance on external recapitalization over the medium term.

Positive EBITDA

Positive EBITDA signals core operations can generate earnings before non-cash charges; this provides a foundation for eventual cash conversion if depreciation/one-offs normalize. It supports the case for operational recovery if sustained by revenue clarity.

Negative Factors

Unreported Revenue

Persistent zero or unclear revenue reporting undermines the ability to assess business model viability and margin sustainability. Without transparent top-line data, forecasting cash flow, demand durability, and competitive positioning is highly uncertain for investors and creditors.

Poor Cash Conversion

Earnings not translating into operating cash raises structural funding risk: sustained negative OCF/FCF requires continual external financing, strains liquidity, and jeopardizes reinvestment. This mismatch is a durable weakness until cash generation turns reliably positive.

Capital Structure Instability

Historical negative equity implies heavy past losses or recapitalizations, signaling governance and solvency stress. Even with a recent improvement, prior instability raises risk of future dilution, creditor constraints, or recurring recapitalizations unless profitability and cash flows stabilize.

Minaean SP Construction Business Overview & Revenue Model

Company Description

Global Power Solutions 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; 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 design-build services, such as design and engineering, and procurement services, statutory approvals, project management, and construction services; and contracting services, including consulting services for large scale construction projects, as well as engineering, procurement, construction, and design-build services in the residential, commercial, industrial, healthcare, and hospitality sectors. The company was formerly known as Minaean SP Construction Corp. and change its name to Global Power Solutions Corp. in December 2025. The company is headquartered in Vancouver, Canada. Minaean SP Construction Corp. operates as a subsidiary of Bristol Management Limited.

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

Overall financial quality is weak: revenue is reported as zero in most periods, profitability has been volatile (losses through 2021–2024 with a recent swing to profit), and TTM operating/free cash flow remain negative despite positive net income. Balance sheet leverage appears modest and has improved in TTM, but prior negative equity and erratic returns indicate instability.

Income Statement

Results are hard to underwrite because revenue is reported as zero in most periods (including TTM (Trailing-Twelve-Months)), which makes margin signals largely uninformative. Profitability is volatile: annual net income swung from large losses in 2021–2024 to positive net income in 2025 (annual and TTM), and TTM shows positive EBITDA but negative EBIT, suggesting non-operating or non-cash items are doing much of the work. Overall, the trajectory improved recently, but the quality/visibility of operating earnings remains weak given the inconsistent top-line disclosure.

Balance Sheet

Leverage appears low in TTM (Trailing-Twelve-Months) with modest debt relative to equity, and total debt has come down versus prior annual periods. However, the capital structure has been unstable: stockholders’ equity was deeply negative in 2023–2025 (annual) before turning positive in TTM, implying significant recapitalization and/or large accumulated losses. Returns on equity are erratic and mostly negative, reinforcing that equity value creation has been inconsistent despite the recent balance-sheet improvement.

Cash Flow

Cash generation is weak and inconsistent. TTM (Trailing-Twelve-Months) shows negative operating cash flow and negative free cash flow, despite positive net income, indicating earnings are not translating into cash. While one annual period (2025) showed small positive operating/free cash flow, most prior years were meaningfully cash-negative, which raises funding and sustainability risk unless operating cash flow turns structurally positive.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	300.00K	300.00K
Gross Profit	0.00	0.00	-1.04K	-163.00	300.00K	300.00K
EBITDA	545.86K	525.09K	-239.00K	-916.91K	-922.52K	-268.79K
Net Income	535.53K	512.12K	-267.00K	-947.29K	-939.56K	-282.38K
Balance Sheet
Total Assets	539.03K	196.69K	131.14K	80.63K	656.61K	1.33M
Cash, Cash Equivalents and Short-Term Investments	457.23K	70.41K	35.19K	32.14K	81.97K	106.88K
Total Debt	10.04K	40.15K	61.75K	57.29K	37.12K	33.60K
Total Liabilities	500.65K	660.89K	1.10M	851.56K	620.24K	454.92K
Stockholders Equity	38.38K	-464.21K	-971.09K	-770.93K	36.36K	878.33K
Cash Flow
Free Cash Flow	-142.70K	18.60K	-61.72K	-210.05K	-115.24K	-182.43K
Operating Cash Flow	-142.71K	18.60K	-61.72K	-210.05K	-115.24K	-182.43K
Investing Cash Flow	-25.00K	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	553.89K	-1.25K	65.00K	160.00K	91.25K	251.50K

Minaean SP Construction Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.39
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PWER, the sentiment is Neutral. The current price of 0.39 is below the 20-day moving average (MA) of 0.42, above the 50-day MA of 0.36, and above the 200-day MA of 0.25, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.21 is Neutral, neither overbought nor oversold. The STOCH value of 5.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:PWER.

Minaean SP Construction Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BDT	69 Neutral	C$1.70B	18.09	21.68%	2.88%	6.26%	0.52%
BDGI	66 Neutral	C$2.49B	29.22	22.05%	0.99%	13.02%	52.88%
ARE	65 Neutral	C$2.27B	271.75	0.92%	2.38%	25.68%	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
AEP	53 Neutral	C$46.64M	-80.46	-1.07%	―	9.30%	-151.79%
PWER	50 Neutral	C$8.51M	7.56	―	―	―	―
DRT	42 Neutral	C$163.06M	-15.97	-18.77%	―	-2.73%	-155.71%