CHAR Technologies Inc (TSE:YES)
:YES
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CHAR Technologies
(YES)
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Rating:45Neutral
Price Target:
C$0.24
▼(-23.75% Downside)
Action:Reiterated
Date:06/03/26
The score is primarily held back by fragile operating fundamentals—sharp revenue contraction and ongoing, deeply negative operating/free cash flow—despite improvements in profitability trends and a materially improved balance-sheet leverage profile. Technical indicators also lean bearish, while valuation inputs are not very informative due to a negative P/E and no dividend yield.
Positive Factors
Proprietary pyrolysis technology
CHAR’s patented high-temperature pyrolysis creates a durable technological moat for converting organic waste into biocarbon and energy. Proprietary IP supports licensing, project development and differentiated product SulfaCHAR across ag/environment markets, enabling scalable revenue levers over months.
Negative Factors
Sharp revenue contraction
A dramatic TTM revenue decline (~-111%) undermines scale economics and raises questions about market adoption or project execution. Sustained revenue weakness can reverse margin gains, limit commercialization runway, and requires clear recovery to validate the business model.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary pyrolysis technology
CHAR’s patented high-temperature pyrolysis creates a durable technological moat for converting organic waste into biocarbon and energy. Proprietary IP supports licensing, project development and differentiated product SulfaCHAR across ag/environment markets, enabling scalable revenue levers over months.
Read all positive factors
CHAR Technologies (YES) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$43.71M
Dividend YieldN/A
Average Volume (3M)61.37K
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue Growth-21.04%
EPS Growth93.64%
CountryCA
Employees1
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding150,726,790
10 Day Avg. Volume36,222
30 Day Avg. Volume61,374
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)4.83
Price to Sales (P/S)10.77
P/FCF Ratio-3.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.06
Revenue Forecast (FY)C$4.90M
CHAR Technologies Business Overview & Revenue Model
Company Description
CHAR Technologies Ltd. operates as a pioneering clean technology firm, specializing in the transformation of organic waste into sustainable energy sources and advanced biocarbon materials. The company's innovative product portfolio includes SulfaC...
How the Company Makes Money
CHAR Technologies’ revenue model centers on monetizing the outputs and services associated with its waste-to-value pyrolysis platform. Key revenue streams include: (1) Product sales of biocarbon (SulfaCHAR): The company sells its biocarbon product...
CHAR Technologies Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.37M | 2.20M | 3.16M | 2.00M | 1.46M | 1.38M |
| Gross Profit | 244.97K | -468.19K | 631.58K | 640.17K | 642.01K | 709.26K |
| EBITDA | 1.55M | 467.37K | -6.08M | -6.52M | -5.10M | -2.42M |
| Net Income | -312.41K | -1.28M | -8.33M | -8.43M | -6.90M | -3.26M |
Balance Sheet | ||||||
| Total Assets | 11.53M | 8.89M | 15.35M | 18.87M | 9.95M | 10.32M |
| Cash, Cash Equivalents and Short-Term Investments | 782.55K | 453.69K | 948.69K | 6.09M | 460.48K | 3.00M |
| Total Debt | 700.66K | 1.21M | 5.04M | 3.81M | 886.90K | 308.57K |
| Total Liabilities | 3.60M | 3.65M | 14.88M | 11.93M | 5.25M | 4.78M |
| Stockholders Equity | 7.62M | 4.90M | 471.69K | 6.93M | 4.70M | 5.54M |
Cash Flow | ||||||
| Free Cash Flow | -5.71M | -6.70M | -7.44M | -9.45M | -7.82M | -3.75M |
| Operating Cash Flow | -4.82M | -5.63M | -3.99M | -4.86M | -5.03M | -2.21M |
| Investing Cash Flow | -3.43M | -796.44K | 548.43K | -8.60M | -2.79M | -1.55M |
| Financing Cash Flow | 7.83M | 5.93M | 2.30M | 15.09M | 5.28M | 6.63M |
CHAR Technologies Technical Analysis
Positive
0.32
Price Trends
0.29
Negative
0.28
Positive
0.26
Positive
Market Momentum
>-0.01
Negative
52.37
Neutral
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:YES, the sentiment is Positive. The current price of 0.32 is above the 20-day moving average (MA) of 0.28, above the 50-day MA of 0.29, and above the 200-day MA of 0.26, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.37 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:YES.
CHAR Technologies Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$456.80M | 53.82 | -14.47% | ― | 88.73% | ― | |
46 Neutral | C$14.03M | -0.77 | -352.14% | ― | ― | 66.50% | |
45 Neutral | C$43.71M | -119.57 | -17.79% | ― | -21.04% | 93.64% | |
45 Neutral | C$31.46M | -1.79 | 307.55% | ― | -15.96% | -35.84% |
* General Sector Average
TSE:YES
CHAR Technologies
0.29
0.03
11.54%
TSE:CMC
Cielo Waste Solutions
0.07
0.01
21.67%
TSE:VTX
Vertex Resource Group Ltd.
0.18
-0.06
-23.75%
TSE:ROOF
Northstar Clean Technologies
0.19
-0.16
-45.71%
TSE:ANRG
Anaergia
2.65
1.27
92.03%
CHAR Technologies Corporate Events
Business Operations and StrategyShareholder Meetings
CHAR Technologies Sets May AGM and Expands Equity Incentives for Staff
Positive
Apr 9, 2026
CHAR Technologies has scheduled its 2026 annual general meeting for May 7 in Toronto, where management will brief shareholders on the company’s financial performance, operational milestones and strategic roadmap for its clean energy portfoli...
Business Operations and Strategy
CHAR Technologies Advances Commissioning at Thorold Biocarbon Facility
Positive
Mar 23, 2026
CHAR Technologies reported further commissioning progress at its Thorold Renewable Energy Facility, where installation of the core high-temperature pyrolysis system is advancing with the kiln chamber fully assembled and burner walls welded in plac...
Business Operations and Strategy
CHAR Technologies Advances Commissioning at Thorold Biocarbon Facility
Positive
Mar 23, 2026
CHAR Technologies reported continued progress in commissioning its Thorold Renewable Energy Facility in Ontario, with the high-temperature pyrolysis kiln chamber fully assembled, burner walls welded, and the thermal oxidizer mounted as key process...
Business Operations and StrategyPrivate Placements and Financing
CHAR Technologies Raises $4 Million and Launches New Investor Marketing Drive
Positive
Mar 19, 2026
CHAR Technologies has closed an upsized non‑brokered private placement, issuing 17,055,585 units at C$0.235 each for gross proceeds of about C$4.0 million, subject to final TSX Venture Exchange approval. Each unit includes a common share and...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.