Northstar Clean Technologies (ROOF) AI Stock Analysis

• Market Cap: C$50.43M
• Dividend Yield: N/A
• Average Volume (3M): 251.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.40
• Revenue Growth: 47.59%
• EPS Growth: -92.07%
• Country: CA
• Employees: 16
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Waste Management
• EPS (TTM): -0.02
• Shares Outstanding: 148,328,280
• 10 Day Avg. Volume: 299,435
• 30 Day Avg. Volume: 251,091
• PEG Ratio: -0.17
• Price to Book (P/B): -38.34
• Price to Sales (P/S): 79.82
• P/FCF Ratio: -2.10
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: C$0.50 ▲(56.25% Upside)

The overall stock score is primarily impacted by significant financial challenges, with declining revenues, high leverage, and cash flow difficulties. Technical analysis provides some neutral signals, but the negative P/E ratio and lack of dividend yield further weigh down the score. The absence of earnings call data and corporate events leaves the financial performance as the dominant factor.

Northstar Clean Technologies Business Overview & Revenue Model

Company Description

Northstar Clean Technologies (ROOF) is an innovative company focused on sustainable solutions for the roofing industry. The company specializes in developing and providing advanced technologies for the recycling and repurposing of roofing materials, particularly asphalt shingles. By operating in the clean technology sector, Northstar aims to reduce waste and environmental impact while delivering high-quality products and services that support environmentally responsible construction and renovation practices.

How the Company Makes Money

Northstar Clean Technologies generates revenue through a combination of product sales, service contracts, and licensing agreements. The primary revenue stream comes from the sale of recycled roofing materials, which are produced from processed asphalt shingles. Additionally, the company offers specialized services to roofing contractors and construction firms, including consulting on sustainable practices and waste management solutions. Strategic partnerships with waste management companies and local governments enhance its operational capacity and market reach, further contributing to its earnings through collaborative projects and initiatives aimed at reducing landfill waste.

Northstar Clean Technologies Financial Statement Overview

Summary

Northstar Clean Technologies is facing significant financial challenges across all verticals. The income statement shows declining revenues and profitability, the balance sheet highlights high leverage and financial instability, and the cash flow statement indicates ongoing cash flow difficulties. The company needs to address these issues to improve its financial health and sustainability.

Income Statement

Northstar Clean Technologies has faced significant challenges in its income statement metrics. The company has experienced negative revenue growth, with a decline of 13.1% in the TTM period. Gross profit margin and net profit margin are both negative, indicating that the company is not generating sufficient revenue to cover its costs. Additionally, EBIT and EBITDA margins are also negative, reflecting ongoing operational inefficiencies. Overall, the income statement shows a concerning trend of declining revenues and profitability.

Balance Sheet

The balance sheet reveals a precarious financial position for Northstar Clean Technologies. The company has a negative stockholders' equity, resulting in a negative debt-to-equity ratio, which indicates high financial leverage and potential solvency issues. The return on equity is positive, but this is due to the negative equity, which distorts the metric. Overall, the balance sheet highlights significant financial instability and high leverage risks.

Cash Flow

Cash flow metrics for Northstar Clean Technologies show a challenging situation. The company has negative operating and free cash flows, with a declining free cash flow growth rate. The operating cash flow to net income ratio is negative, indicating that the company is not generating cash from its operations. The free cash flow to net income ratio is positive, but this is due to the negative net income, which skews the metric. Overall, the cash flow statement reflects ongoing cash flow challenges and a need for improved operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	647.86K	640.57K	206.44K	0.00	0.00	0.00
Gross Profit	-281.55K	-1.22M	-913.84K	-1.08M	-461.97K	-323.62K
EBITDA	-8.13M	-5.49M	-5.18M	-7.14M	-6.45M	-6.10M
Net Income	-12.46M	-9.33M	-6.67M	-8.20M	-7.21M	-6.60M
Balance Sheet
Total Assets	46.30M	45.73M	17.88M	6.83M	12.37M	4.86M
Cash, Cash Equivalents and Short-Term Investments	2.04M	10.23M	7.71M	1.18M	6.01M	2.03M
Total Debt	47.62M	39.19M	7.34M	2.76M	2.34M	2.16M
Total Liabilities	52.44M	47.06M	12.44M	4.04M	3.10M	2.50M
Stockholders Equity	-6.14M	-1.33M	5.44M	2.78M	9.27M	2.36M
Cash Flow
Free Cash Flow	-25.34M	-24.39M	-6.38M	-6.43M	-4.86M	-553.00K
Operating Cash Flow	-6.58M	-5.13M	-4.68M	-5.69M	-4.09M	-117.49K
Investing Cash Flow	-17.69M	-18.93M	-1.59M	-647.89K	-1.14M	1.54M
Financing Cash Flow	20.67M	26.42M	12.72M	1.50M	9.21M	555.25K

Northstar Clean Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ROOF, the sentiment is Negative. The current price of 0.32 is below the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.33, and below the 200-day MA of 0.34, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.90 is Neutral, neither overbought nor oversold. The STOCH value of 22.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ROOF.

Northstar Clean Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BLM	54 Neutral	C$60.01M	―	-3.01%	―	63.49%	-133.70%
YES	48 Neutral	C$29.02M	-3.13	-419.23%	―	-27.40%	23.40%
ROOF	46 Neutral	C$50.43M	-3.60	―	―	47.59%	-92.07%
ECM	40 Underperform	C$43.09M	-21.84	-134.39%	―	114.81%	71.94%
BAC	22 Underperform	C$7.72M	-11.11	―	―	―	64.71%

Northstar Clean Technologies Corporate Events

Northstar Reaches Key Milestone in Asphalt Shingle Reprocessing

Northstar Clean Technologies has achieved a significant milestone at its Calgary facility by processing over 80 tonnes of asphalt shingles per day, marking a critical step towards steady-state commercial operations and product revenue generation. This accomplishment not only validates Northstar’s technology but also strengthens its position as a leader in the waste-to-value industry, with potential insights for optimizing future facilities and addressing stakeholder objectives.

The most recent analyst rating on (TSE:ROOF) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Northstar Clean Technologies stock, see the TSE:ROOF Stock Forecast page.

Northstar Achieves Key Milestone in Shingle Reprocessing at Calgary Facility

Northstar Clean Technologies has achieved a significant operational milestone at its Calgary facility by processing over 80 tonnes of shingle feedstock per day. This accomplishment marks a critical step towards steady-state commercial operations and product revenue generation, underscoring the company’s potential as a leader in the waste-to-value industry by optimizing its processes and expanding future facilities.

The most recent analyst rating on (TSE:ROOF) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Northstar Clean Technologies stock, see the TSE:ROOF Stock Forecast page.

Northstar Expands Product Line with Limestone Recovery, Secures New Patent

Northstar Clean Technologies has introduced limestone as its fourth product line, following the successful separation and recovery from asphalt shingles. This development, supported by a new patent from the USPTO, enhances Northstar’s product offerings and strengthens its market position by adding a high-quality component to its asphalt products. The patent fortifies Northstar’s intellectual property, reinforcing its first-mover advantage and differentiation in the global market.

The most recent analyst rating on (TSE:ROOF) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Northstar Clean Technologies stock, see the TSE:ROOF Stock Forecast page.

Northstar Clean Technologies to Present at MicroCap Rodeo Conference

Northstar Clean Technologies announced its participation in the MicroCap Rodeo Conference in New York City, where CEO Aidan Mills will discuss the company’s recent operational highlights and strategic direction. This participation underscores Northstar’s commitment to engaging with investors and stakeholders, potentially enhancing its industry positioning and fostering growth opportunities.

The most recent analyst rating on (TSE:ROOF) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Northstar Clean Technologies stock, see the TSE:ROOF Stock Forecast page.

Northstar Achieves Milestone in Asphalt Shingle Reprocessing

Northstar Clean Technologies has successfully produced high-quality solid asphalt pellets from end-of-life tear-off shingles at its Calgary facility. This achievement not only confirms the robustness of Northstar’s proprietary technology but also opens up significant market opportunities by transforming liquid asphalt into a globally transportable solid form. The company’s ability to process both manufacturing waste and tear-off shingles into high-specification asphalt supports its business objective of offering compelling value to customers and shareholders, while contributing to sustainable waste management.

The most recent analyst rating on (TSE:ROOF) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Northstar Clean Technologies stock, see the TSE:ROOF Stock Forecast page.

Northstar Clean Technologies Advances with New Patent and Facility Developments in Q2 2025

Northstar Clean Technologies reported its financial and operating results for Q2 2025, highlighting significant advancements in its business operations. The company received a second Canadian patent for its asphalt reprocessing technology, enhancing its market position. Key developments included successful commissioning of processes at the Calgary Empower Facility, completion of a milestone with Emissions Reduction Alberta, and securing financial support from Export Development Canada for expansion into the U.S. These achievements are expected to bolster Northstar’s operational capabilities and support its growth strategy.

The most recent analyst rating on (TSE:ROOF) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Northstar Clean Technologies stock, see the TSE:ROOF Stock Forecast page.

Northstar Clean Technologies Secures Shareholder Approval at 2025 AGM

Northstar Clean Technologies Inc. announced the approval of all matters presented at its 2025 annual general and special meeting, including the re-election of directors, reappointment of auditors, and approval of its 2025 Equity Incentive Plan, pending final approval from the TSX Venture Exchange. This development supports Northstar’s strategic goals as it continues to position itself as a leader in the sustainable processing of asphalt shingles, with plans to scale up its operations in Calgary, Alberta, and address stakeholder objectives in North America.