Zedcor Energy Inc (TSE:ZDC)
:ZDC
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Zedcor Energy Inc
(ZDC)
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Rating:58Neutral
Price Target:
C$5.50
▼(-4.35% Downside)
Action:Reiterated
Date:05/22/26
The score is primarily held back by financial quality—especially deeply negative free cash flow and low ROE despite solid revenue growth and operating margins. Technicals are supportive with the stock trading above key moving averages and positive momentum, but valuation is weakened by the negative P/E and lack of dividend yield data.
Positive Factors
Strong revenue and margins
Consistent top-line expansion coupled with high gross and EBITDA margins indicates the core rental-and-services model scales well and retains pricing power. Durable operating profitability supports reinvestment in fleet and services and underpins medium-term cash generation assuming stable utilization.
Negative Factors
Deeply negative free cash flow
Large negative free cash flow, despite positive operating cash, implies heavy capex or working capital outflows that erode financial flexibility. Persistently negative FCF forces reliance on external funding or asset sales, limiting sustainable investment and increasing risk over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and margins
Consistent top-line expansion coupled with high gross and EBITDA margins indicates the core rental-and-services model scales well and retains pricing power. Durable operating profitability supports reinvestment in fleet and services and underpins medium-term cash generation assuming stable utilization.
Read all positive factors
Zedcor Energy Inc (ZDC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$615.93M
Dividend YieldN/A
Average Volume (3M)472.99K
Price to Earnings (P/E)327.6
Beta (1Y)0.65
Revenue Growth74.37%
EPS Growth-43.09%
CountryCA
Employees130
SectorGeneral
Sector StrengthN/A
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding110,977,730
10 Day Avg. Volume763,235
30 Day Avg. Volume472,993
Financial Highlights & Ratios
PEG Ratio6.09
Price to Book (P/B)10.64
Price to Sales (P/S)11.11
P/FCF Ratio-13.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$8.50Price Target Upside47.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.03
Revenue Forecast (FY)C$99.64M
Zedcor Energy Inc Business Overview & Revenue Model
Company Description
Zedcor Inc. delivers sophisticated, technology-based security and surveillance services throughout Western and Central Canada. The firm's core offerings include the rental, maintenance, and remote oversight of its proprietary MobileyeZ security to...
How the Company Makes Money
Zedcor primarily makes money by renting equipment and modular assets to industrial customers (typically on daily, weekly, or monthly rental terms), generating recurring revenue over the rental period. A second revenue stream comes from services ti...
Zedcor Energy Inc Earnings Call Summary
Earnings Call Date:Nov 14, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant revenue and growth achievements, strong adjusted EBITDA, and successful market expansion, particularly in the U.S. Key strategic hires and operational efficiencies further contribute to a positive outlook. However, challenges remain in terms of SG&A expenses, production capacity, and pricing discrepancies.Positive Updates
Record Revenue and Growth
Record revenues of $9.2 million for Q3 2024, exceeding the previous high by $1.8 million and increasing 42% year-over-year.
Negative Updates
SG&A Expenses
SG&A expected to increase slightly, driven by stock compensation and back-office functions.
Read all updates
Q3-2024 Updates
Positive
Negative
Record Revenue and Growth
Record revenues of $9.2 million for Q3 2024, exceeding the previous high by $1.8 million and increasing 42% year-over-year.
Read all positive updates
Company Guidance
During the recent earnings call for Zedcor Inc., the company reported record revenues of $9.2 million for Q3 2024, marking a 42% increase year-over-year and surpassing the previous quarter by $1.8 million. The adjusted EBITDA also reached a record high of $3.4 million, representing a 49% increase year-over-year, with EBITDA margins exceeding 37%. The company highlighted that recurring revenue accounted for over 80% of total revenue, and fleet utilization remained above 90%. The fleet expanded with the addition of 148 security towers, bringing the total to 1,296, with 25% of the fleet stationed in the U.S. The company noted that the tower production count grew by approximately 10% during the quarter. Additionally, Zedcor anticipates strong results for Q4 2024 as it continues to expand in the retail and residential construction segments, supported by ongoing negotiations to expand its credit facilities. Cash flow from operations was robust, with adjusted operating cash flow increasing by 54% year-over-year to $3.1 million.Zedcor Energy Inc Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
62
Positive
Cash Flow
38
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 58.91M | 32.99M | 24.89M | 22.10M | 13.55M |
| Gross Profit | 33.25M | 19.34M | 12.39M | 10.77M | 6.17M |
| EBITDA | 17.14M | 10.69M | 9.05M | 8.41M | 3.83M |
| Net Income | 2.72M | 1.63M | 2.65M | 6.00M | -3.90M |
Balance Sheet | |||||
| Total Assets | 134.38M | 67.45M | 42.97M | 32.58M | 19.80M |
| Cash, Cash Equivalents and Short-Term Investments | 2.66M | 5.76M | 1.47M | 571.00K | 108.00K |
| Total Debt | 57.16M | 28.33M | 27.61M | 20.68M | 17.02M |
| Total Liabilities | 72.81M | 35.46M | 30.86M | 24.09M | 19.40M |
| Stockholders Equity | 61.57M | 31.99M | 12.12M | 8.49M | 398.00K |
Cash Flow | |||||
| Free Cash Flow | -48.54M | -10.37M | -3.58M | -2.80M | -1.22M |
| Operating Cash Flow | 16.98M | 11.02M | 9.89M | 6.19M | 4.54M |
| Investing Cash Flow | -60.90M | -20.53M | -13.45M | -8.61M | 6.58M |
| Financing Cash Flow | 40.81M | 13.80M | 4.47M | 2.88M | -11.77M |
Zedcor Energy Inc Technical Analysis
Negative
5.75
Price Trends
5.90
Negative
5.74
Negative
5.73
Negative
Market Momentum
-0.14
Positive
46.28
Neutral
25.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ZDC, the sentiment is Negative. The current price of 5.75 is above the 20-day moving average (MA) of 5.71, below the 50-day MA of 5.90, and above the 200-day MA of 5.73, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 46.28 is Neutral, neither overbought nor oversold. The STOCH value of 25.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ZDC.
Zedcor Energy Inc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | C$807.82M | 9.97 | 13.24% | 2.57% | 18.21% | 29.33% | |
66 Neutral | C$632.64M | 14.41 | 6.49% | ― | -17.68% | 123.13% | |
58 Neutral | C$615.93M | 327.59 | 2.69% | ― | 74.37% | -43.09% | |
58 Neutral | C$248.41M | -281.74 | -0.27% | 6.19% | 8.02% | -80.95% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$663.66M | -11.92 | -4.13% | ― | -4.09% | -238.21% | |
49 Neutral | C$541.77M | 15.93 | 7.69% | 2.56% | 4.39% | -20.47% |
* General Sector Average
TSE:ZDC
Zedcor Energy Inc
5.55
1.91
52.47%
TSE:NOA
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19.36
-3.22
-14.26%
TSE:CFW
Calfrac Well Services
6.30
2.97
89.08%
TSE:ESI
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3.60
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55.17%
TSE:PRQ
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TSE:TOT
Total Energy Services
22.17
11.24
102.85%
Zedcor Energy Inc Corporate Events
Business Operations and Strategy
Zedcor Grants 3.25 Million RSUs to Support North American Growth
Positive
Apr 13, 2026
Zedcor Inc. has granted 3,247,500 Restricted Share Units to employees, directors and officers under its fixed 10% RSU/DSU plan, with the awards vesting in three equal annual instalments and expiring three years from the grant date. The move broade...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
Zedcor Adopts Shareholder Rights Plan Amid North American Security Expansion
Positive
Apr 13, 2026
Zedcor Inc., a Canadian physical security technology provider known for its MobileyeZ mobile surveillance towers and live monitoring services, is growing its footprint across Canada and the United States, targeting blue-chip customers and emphasiz...
Business Operations and StrategyFinancial Disclosures
Zedcor Inc. Delivers Record Q4 2025 Results on Surging North American Security Demand
Positive
Apr 8, 2026
Zedcor Inc. posted record fourth-quarter 2025 results, with revenue rising 73% year over year to $17.8 million and adjusted EBITDA increasing 77% to $7.1 million, yielding a 40% margin. The company’s performance was driven by strong utilizat...
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.