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Zedcor Energy Inc
(ZDC)
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Rating:58Neutral
Price Target:
C$5.00
▼(-13.04% 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
Revenue Growth
Sustained TTM revenue growth (+13.5%) indicates expanding end-market demand and stronger utilization of rental assets. For a rental/service model this durable top-line growth supports longer rental durations and repeat service revenues, underpinning mid-term cash generation and scale economics.
Negative Factors
Deep Negative Free Cash Flow
A TTM free cash flow deficit (~-$55.4M) signals heavy capital spending or working-capital absorption that outpaces operating cash generation. Persistent negative FCF constrains liquidity, raises reliance on external funding, and limits durable capacity to pay down debt or return capital to shareholders over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained TTM revenue growth (+13.5%) indicates expanding end-market demand and stronger utilization of rental assets. For a rental/service model this durable top-line growth supports longer rental durations and repeat service revenues, underpinning mid-term cash generation and scale economics.
Read all positive factors
Zedcor Energy Inc (ZDC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$572.18M
Dividend YieldN/A
Average Volume (3M)472.99K
Price to Earnings (P/E)285.5
Beta (1Y)0.66
Revenue Growth74.37%
EPS Growth-43.09%
CountryCA
Employees240
SectorGeneral
Sector StrengthN/A
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding112,584,400
10 Day Avg. Volume763,235
30 Day Avg. Volume472,993
Financial Highlights & Ratios
PEG Ratio6.10
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$10.00Price Target Upside73.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)C$99.69M
Zedcor Energy Inc Business Overview & Revenue Model
Company Description
Zedcor Inc. provides turnkey and customized mobile surveillance and live monitoring solutions in Canada and the United States. The company engages in the provision of rental, maintenance, remote video monitoring data streaming and any related soft...
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
5.64
Negative
5.61
Negative
5.81
Negative
Market Momentum
-0.17
Positive
35.21
Neutral
14.82
Positive
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 5.36, above the 50-day MA of 5.64, and below the 200-day MA of 5.81, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 35.21 is Neutral, neither overbought nor oversold. The STOCH value of 14.82 is Positive, 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$849.36M | 11.13 | 13.24% | 2.57% | 18.21% | 29.33% | |
66 Neutral | C$637.66M | 13.68 | 6.49% | ― | -17.68% | 123.13% | |
58 Neutral | C$572.18M | 285.47 | 2.69% | ― | 74.37% | -43.09% | |
58 Neutral | C$257.93M | 318.52 | -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$628.64M | -12.23 | -4.13% | ― | -4.09% | -238.21% | |
49 Neutral | C$519.94M | 16.27 | 7.69% | 2.56% | 4.39% | -20.47% |
* General Sector Average
TSE:ZDC
Zedcor Energy Inc
4.91
0.69
16.35%
TSE:NOA
North American Construction Group
18.62
-1.77
-8.67%
TSE:CFW
Calfrac Well Services
6.36
2.91
84.40%
TSE:ESI
Ensign Energy Services
3.52
1.27
56.44%
TSE:PRQ
Petrus Resources
1.72
0.37
27.12%
TSE:TOT
Total Energy Services
23.94
13.08
120.42%
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.