Unisync (UNI) AI Stock Analysis

• Market Cap: C$32.99M
• Dividend Yield: N/A
• Average Volume (3M): 10.44K
• Price to Earnings (P/E): 162.1
• Beta (1Y): -0.14
• Revenue Growth: -5.96%
• EPS Growth: N/A
• Country: CA
• Employees: 237
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): -0.02
• Shares Outstanding: 19,012,230
• 10 Day Avg. Volume: 11,992
• 30 Day Avg. Volume: 10,441
• PEG Ratio: -1.15
• Price to Book (P/B): 1.67
• Price to Sales (P/S): 0.29
• P/FCF Ratio: 3.16
• 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: 52 Neutral
• Price Target: C$1.50 ▼(-12.79% Downside)

The score is held back primarily by high leverage and very thin net profitability despite improving operations and solid recent free cash flow. Technicals are strong but look overbought, while valuation is a significant headwind due to the very high P/E and lack of dividend yield support.

Positive Factors

Cash Generation Ability

Strong cash generation from operations provides financial stability and flexibility, enabling investment in growth and debt reduction.

Long-term Contracts

Long-term contracts ensure steady income flow, reducing revenue volatility and providing a stable financial base for strategic planning.

Vertically Integrated Operations

Vertical integration enhances cost control and quality assurance, supporting competitive pricing and customer satisfaction over time.

Negative Factors

High Leverage

High leverage increases financial risk, potentially limiting the company's ability to invest in growth and weather economic downturns.

Declining Revenue

Declining revenue indicates challenges in market demand or competition, which could impact long-term profitability and market position.

Profitability Challenges

Negative net profit margins highlight profitability challenges, necessitating strategic adjustments to improve financial performance.

Unisync Business Overview & Revenue Model

Company Description

Unisync Corp., through its subsidiaries, manufactures and distributes garments in Canada. It operates in two segments, Peerless Garments LP and Unisync Group Limited. The company provides duty gear, footwear, and other accessories to fire, emergency medical services, and police and security sectors under the Carleton brand name; and service wear shirts, pants, and ties for law enforcement, fire, emergency medical, security, and correctional personnel under the Rapier brand name. It also offers professional workwear, insulated coverall, rugged workwear, outerwear, and rainwear apparel, as well as flame-resistant and safety clothing under the Hammill brand name. In addition, the company provides a line of flame-resistant work clothing under the DewLine Coveralls brand name; leatherwear; cold/wet weather outerwear garments to government organizations, including the armed forces, parks and forestry staff, RCMP, and other users under the Parkas brand name; stealth suits to various DND departments, paramilitary, police departments, and companies within the oil industry under the Gore-Tex brand name; and body measurement services under the Best-Fit name. Further, it designs, manufactures, and distributes corporate, public safety, and military uniforms under the Red the Uniform Tailor brand name; and offers corporate apparel under the York brand name, as well as public safety, and security and tactical products. The company was formerly known as ComWest Enterprise Corp. and changed its name to Unisync Corp. in August 2014. Unisync Corp. was founded in 1929 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Unisync generates revenue through multiple streams, primarily by offering software solutions and services to clients in the aerospace and defense sectors. The company earns money through direct sales of its proprietary technology products, as well as through long-term contracts and service agreements with government agencies and defense contractors. Additionally, Unisync benefits from maintenance and support services for its software products, creating a recurring revenue model. Strategic partnerships with key industry players and participation in government contracts further bolster its earnings potential, allowing the company to tap into various funding sources and expand its market reach.

Unisync Financial Statement Overview

Summary

Operations are stabilizing with a return to positive operating profit in 2025 and improved gross margin, plus consistently positive operating/free cash flow in 2024–2025. However, net profitability is near breakeven and leverage is very high (debt-to-equity ~3.25x), which materially increases financial risk.

Income Statement

Profitability is recovering but still thin. Revenue has been choppy and recently declined (2025 down 3.7% after a small decline in 2024). The company returned to positive operating profit in 2025 (about 5.8% operating margin) after losses in 2023–2024, and gross margin improved versus 2023 but remains below 2020–2022 levels. Bottom-line results are still weak: 2025 net margin is near breakeven (~0.2%) following a large loss in 2024.

Balance Sheet

Leverage is the key constraint. Debt is high relative to equity, with debt-to-equity around 3.25x in 2025 (and ~3.77x in 2024), well above earlier years (roughly 1.2–1.6x in 2020–2022). Equity has also declined versus 2020–2022 levels, limiting balance-sheet flexibility. While 2025 shows a small positive return on equity, the prior two years were deeply negative, highlighting recent volatility and elevated financial risk.

Cash Flow

Cash generation is a relative bright spot. Operating cash flow and free cash flow were solidly positive in 2024 and 2025 (about $7.8–$9.8M), a notable improvement from negative operating/free cash flow in 2022–2023. Free cash flow dipped in 2025 (down ~9.2%), but the business still converted earnings into cash well in 2025 (free cash flow roughly in line with reported net income). The main weakness is that operating cash flow remains modest relative to revenue (about 18% of revenue in 2025).

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	84.48M	84.48M	89.84M	103.60M	96.31M	86.29M
Gross Profit	17.33M	17.33M	17.38M	12.87M	23.54M	19.61M
EBITDA	9.26M	9.26M	2.53M	-4.09M	4.51M	2.71M
Net Income	204.72K	204.72K	-4.67M	-9.26M	-1.35M	-2.58M
Balance Sheet
Total Assets	84.48M	84.48M	94.07M	109.42M	104.36M	88.02M
Cash, Cash Equivalents and Short-Term Investments	861.37K	861.37K	791.02K	2.16K	97.26K	275.46K
Total Debt	47.68M	47.68M	54.48M	59.25M	45.30M	39.85M
Total Liabilities	69.92M	69.92M	79.73M	90.40M	76.07M	58.73M
Stockholders Equity	14.66M	14.66M	14.43M	19.13M	28.36M	29.37M
Cash Flow
Free Cash Flow	9.80M	7.76M	9.64M	-4.57M	-3.76M	7.67M
Operating Cash Flow	9.80M	7.76M	9.79M	-3.32M	-3.08M	9.17M
Investing Cash Flow	0.00	0.00	-63.63K	270.93K	-682.36K	-1.50M
Financing Cash Flow	-10.02M	-7.98M	-8.90M	2.77M	3.52M	-7.53M

Unisync Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.72
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:UNI, the sentiment is Positive. The current price of 1.72 is above the 20-day moving average (MA) of 1.71, above the 50-day MA of 1.51, and above the 200-day MA of 1.33, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 59.68 is Neutral, neither overbought nor oversold. The STOCH value of 81.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:UNI.

Unisync Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GIL	75 Outperform	C$16.38B	20.31	31.12%	1.47%	6.64%	27.37%
ATZ	75 Outperform	$12.39B	35.40	30.09%	―	26.51%	172.52%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RET.A	54 Neutral	C$113.15M	-264.29	0.10%	―	-1.95%	-102.54%
UNI	52 Neutral	C$32.99M	162.15	1.40%	―	-5.96%	―
ROOT	48 Neutral	C$121.17M	-3.94	-19.60%	―	4.87%	-1195.39%

Unisync Corporate Events

Unisync Corp. Returns to Profitability with Strong Fiscal 2025 Results

Unisync Corp. reported a return to profitability in fiscal 2025, with a $1.5 million pre-tax income on $84.5 million in revenue, a significant improvement from the previous year’s $6.6 million pre-tax loss. The company achieved a gross margin increase to 20.5% and secured over $10 million in new business contracts, strengthening its market position. Despite a decrease in overall revenue due to lower airline account volumes, Unisync improved its profitability through operational efficiencies and a stronger sales mix. The company is well-positioned for future growth with a robust pipeline of opportunities in Canada and the U.S.

The most recent analyst rating on (TSE:UNI) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Unisync stock, see the TSE:UNI Stock Forecast page.