Northstar Clean Technologies (ROOF) AI Stock Analysis

• Market Cap: C$47.90M
• Dividend Yield: N/A
• Average Volume (3M): 286.30K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.70
• Revenue Growth: 191.62%
• EPS Growth: -57.36%
• Country: CA
• Employees: 16
• Sector: Energy
• Sector Strength: 45
• Industry: Waste Management
• EPS (TTM): -0.02
• Shares Outstanding: 134,920,850
• 10 Day Avg. Volume: 506,002
• 30 Day Avg. Volume: 286,303
• PEG Ratio: 0.32
• Price to Book (P/B): -13.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.67
• 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: C$0.50
• Price Target Upside: 38.89% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 51 Neutral
• Price Target: C$0.50 ▲(38.89%Upside)

The overall stock score is primarily impacted by severe financial challenges, reflected in negative profitability and cash flows. While corporate events signal potential growth and strategic advancements, these positives are currently overshadowed by the company's financial instability. Technical analysis and valuation further support a cautious outlook.

Northstar Clean Technologies Business Overview & Revenue Model

Company Description

Northstar Clean Technologies (ROOF) is a Canadian-based clean technology company focused on the recovery and reprocessing of asphalt roofing shingles. The company operates within the environmental services sector, providing sustainable solutions for the disposal of roofing materials. By utilizing its proprietary technology, Northstar Clean Technologies aims to reduce landfill waste and recover valuable resources from used shingles, contributing to the circular economy.

How the Company Makes Money

Northstar Clean Technologies generates revenue by processing and reprocessing asphalt roofing shingles to extract valuable materials such as asphalt, fiberglass, and minerals. The company sells these recovered materials to manufacturers and industries that use them in producing new roofing products or other applications, thus creating a revenue stream. Additionally, Northstar may partner with roofing companies, waste management firms, and municipalities to secure a consistent supply of roofing shingles, which further supports its operational and financial growth. The company's business model capitalizes on the growing demand for sustainable and eco-friendly waste management solutions, leveraging its technology to provide an environmentally responsible alternative to traditional shingle disposal methods.

Northstar Clean Technologies Financial Statement Overview

Summary

Northstar Clean Technologies faces significant financial challenges with negative margins, high leverage, and unsustainable cash flows. Revenue growth does not offset operational inefficiencies, necessitating urgent strategic changes.

Income Statement

The income statement of Northstar Clean Technologies shows significant challenges, including negative gross and net profit margins, indicating that the company is operating at a loss. Revenue growth is positive but from a low base, and both EBIT and EBITDA margins are deeply negative, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet reveals a concerning financial structure with negative stockholders' equity, indicating insolvency risks. The debt-to-equity ratio is undefined due to negative equity, and liabilities exceed assets, reflecting high leverage and financial instability. The company's equity ratio is negative, suggesting potential solvency issues.

Cash Flow

Cash flow analysis indicates substantial negative free cash flow, highlighting cash outflows exceeding inflows from operations. The operating cash flow to net income ratio is negative, reflecting inefficiency in converting operational activities into cash. Financing activities have been a primary source of cash, which may not be sustainable long-term.

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

Northstar Clean Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.36
• 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:ROOF, the sentiment is Positive. The current price of 0.36 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.36, and above the 200-day MA of 0.33, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.72 is Neutral, neither overbought nor oversold. The STOCH value of 48.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ROOF.

Northstar Clean Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BLM	54 Neutral	C$52.41M	2,014.29	0.16%	―	49.38%	-93.75%
Sector *	52 Neutral	C$2.94B	-1.51	-3.48%	6.67%	2.89%	-49.51%
ROOF	51 Neutral	C$47.90M	―	-2757.94%	―	191.62%	-57.36%
ECM	51 Neutral	C$44.23M	―	-2752.20%	―	153.17%	43.51%
YES	48 Neutral	C$31.60M	―	-321.92%	―	25.24%	34.24%
BAC	22 Underperform	C$8.69M	―	55.19%	―	―	35.14%

Northstar Clean Technologies Corporate Events

Northstar Achieves Milestone with First Liquid Asphalt Production at Calgary Facility

Northstar Clean Technologies has successfully produced its first liquid asphalt at its new Calgary facility, marking a significant milestone in the commissioning of its asphalt shingle reprocessing plant. This achievement demonstrates the effectiveness of Northstar’s technology and positions the company to increase production levels, meeting and potentially exceeding the Emission Reduction Alberta Commissioning Milestone 3. The high-quality asphalt produced is expected to meet commercial agreements, enhancing Northstar’s market positioning and stakeholder value.

Northstar Secures Potential Funding for U.S. Expansion

Northstar Clean Technologies has received a non-binding Letter of Interest from Export Development Canada for potential funding to support the establishment of up to four asphalt shingle reprocessing facilities in the United States. This potential funding aligns with Northstar’s growth strategy in the U.S. market, aiming to reduce project costs and enhance shareholder returns, while advancing site selection and securing supply agreements.

Northstar Clean Technologies Advances with Facility Expansions and Secures Funding

Northstar Clean Technologies reported significant progress in the first quarter of 2025, including the completion of construction and commissioning efforts at the Empower Calgary Facility. The company is expanding its operations with new facilities in Hamilton and Delta, and is exploring a U.S. site. Financially, Northstar secured funding from Emissions Reduction Alberta and other sources, despite reporting a comprehensive loss for the quarter. These developments position Northstar for growth in the clean technology sector, with implications for increased operational capacity and market presence.

Northstar Completes Final Loan Draw to Advance Calgary Facility Commissioning

Northstar Clean Technologies has completed the final draw of $617,698 from its $8.75 million project loan facility with the Business Development Bank. The funds will support the commissioning of the Empower Environmental Solutions Calgary facility, which is expected to begin operations mid-2025. This move strengthens Northstar’s financial position and supports its mission to become a leader in sustainable asphalt shingle reprocessing, potentially impacting stakeholders by advancing its circular economy goals and reducing landfill waste.

Northstar Achieves Key Milestone in Emission Reduction Project

Northstar Clean Technologies has completed the second milestone of its Emission Reduction Alberta (ERA) project, securing a $3.9 million payment. This funding reimburses construction costs for the Empower Calgary Facility, which is now fully funded and ready for expansion in Canada and the U.S. The facility aims to reprocess waste asphalt shingles, reducing landfill waste and providing sustainable solutions for the construction industry.

Northstar Clean Technologies Reports 2024 Financial Results and Expansion Plans

Northstar Clean Technologies Inc. announced its 2024 year-end financial and operational results, highlighting significant progress in the development of its Calgary asphalt reprocessing facility, which is expected to commence operations by mid-2025. The company secured multiple funding sources, including strategic investments and grants, to support its expansion plans, which include a new facility in Hamilton, Ontario, and future operations in the Mid-Atlantic region of the United States. Despite reporting a comprehensive loss for the year, Northstar continues to advance its strategic objectives, positioning itself for growth in the clean technology sector.