Northstar Clean Technologies (ROOF) AI Stock Analysis

• Market Cap: C$37.16M
• Dividend Yield: N/A
• Average Volume (3M): 251.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.44
• Revenue Growth: 12.06%
• EPS Growth: -52.13%
• Country: CA
• Employees: 16
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Waste Management
• EPS (TTM): -0.02
• Shares Outstanding: 151,660,540
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: C$0.28 ▲(17.08% Upside)

Northstar Clean Technologies faces significant financial challenges, with declining revenues and high leverage, which heavily impact its overall stock score. While technical analysis and valuation metrics indicate a bearish outlook, recent corporate events provide a positive counterbalance, showcasing operational achievements and strategic advancements. The company's ability to secure contracts and expand its product line offers potential for future growth, but financial stability remains a critical concern.

Positive Factors

Sustainable Business Model

Northstar's commitment to sustainable solutions aligns with growing environmental trends, providing a durable competitive advantage in the clean technology sector.

Strategic Partnerships

Collaborations with key stakeholders enhance Northstar's operational capacity and market reach, supporting long-term revenue growth and industry influence.

Revenue Growth

Positive revenue growth indicates expanding market presence and product demand, suggesting potential for future profitability as operations scale.

Negative Factors

Negative Profitability

Persistent unprofitability challenges Northstar's ability to sustain operations without external funding, impacting long-term financial health.

Cash Flow Issues

Ongoing cash flow challenges limit financial flexibility and investment capacity, hindering growth and operational sustainability.

High Leverage

High leverage and negative equity raise solvency concerns, increasing financial risk and potentially limiting future borrowing capacity.

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	605.12K	640.57K	206.44K	0.00	0.00	0.00
Gross Profit	-559.22K	-1.22M	-913.84K	-1.08M	-461.97K	-323.62K
EBITDA	-8.57M	-5.49M	-5.18M	-7.14M	-6.45M	-6.10M
Net Income	-13.20M	-9.33M	-6.67M	-8.20M	-7.21M	-6.60M
Balance Sheet
Total Assets	46.83M	45.73M	17.88M	6.83M	12.37M	4.86M
Cash, Cash Equivalents and Short-Term Investments	1.97M	10.23M	7.71M	1.18M	6.01M	2.03M
Total Debt	47.52M	39.19M	7.34M	2.76M	2.34M	2.16M
Total Liabilities	53.06M	47.06M	12.44M	4.04M	3.10M	2.50M
Stockholders Equity	-6.23M	-1.33M	5.44M	2.78M	9.27M	2.36M
Cash Flow
Free Cash Flow	-24.65M	-24.39M	-6.38M	-6.43M	-4.86M	-553.00K
Operating Cash Flow	-7.83M	-5.13M	-4.68M	-5.69M	-4.09M	-117.49K
Investing Cash Flow	-15.28M	-18.93M	-1.59M	-647.89K	-1.14M	1.54M
Financing Cash Flow	9.49M	26.42M	12.72M	1.50M	9.21M	555.25K

Northstar Clean Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.24
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.24 is below the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.30, and below the 200-day MA of 0.33, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 35.61 is Neutral, neither overbought nor oversold. The STOCH value of 16.73 is Positive, 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$51.40M	-108.87	-3.01%	―	63.49%	-133.70%
YES	48 Neutral	C$39.33M	-4.17	-419.23%	―	-27.40%	23.40%
ROOF	47 Neutral	C$37.16M	-2.60	―	―	12.06%	-52.13%
ECM	41 Neutral	C$41.96M	-17.76	-1787.47%	―	135.68%	68.99%
BAC	22 Underperform	C$10.92M	-9.09	―	―	―	54.17%

Northstar Clean Technologies Corporate Events

Northstar Clean Technologies Reports Q3 2025 Results and Announces Key Developments

Northstar Clean Technologies reported its third-quarter 2025 financial results, highlighting significant operational achievements, including the production of liquid asphalt and solid asphalt pellets from recycled shingles. These advancements demonstrate the robustness of Northstar’s technology and open new market opportunities. The company also raised $3.6 million through a private placement to support its commercial expansion and secured a new patent for limestone recovery, adding a new revenue stream and strengthening its intellectual property portfolio.

Northstar Secures Landmark Contract and Opens Pioneering Facility in Calgary

Northstar Clean Technologies has secured a five-year contract with the City of Calgary to reprocess waste asphalt shingles, marking a significant step in advancing the city’s waste diversion goals. The contract, alongside existing agreements, ensures sufficient feedstock for Northstar’s newly opened Empower Calgary Facility, a pioneering commercial-scale operation in North America that transforms landfill waste into valuable materials, showcasing a successful circular economy model.

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.

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.

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.

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.

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.