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Armada Mercantile (ARM) AI Stock Analysis
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Armada Mercantile
(CNQX:ARM)
The score is held back primarily by volatile and contracting fundamentals (multi-year revenue decline, large earnings and cash-flow swings) and weak technicals (trading below all major moving averages with negative MACD). A conservative, low-debt balance sheet provides some support, but valuation is a major headwind given the very high P/E and no dividend yield provided.
Armada Mercantile (ARM) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 5.36M
- Dividend Yield
- ―
- Average Volume (3M)
- 6,393
- Price to Earnings (P/E)
- 364.3
- Beta (1Y)
- -1.23
- Revenue Growth
- -1.88%
- EPS Growth
- ―
- Country
- Canada
- Employees
- 0
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Financial - Capital Markets
Armada Mercantile Business Overview & Revenue Model
Company Description
Armada Mercantile Ltd. is a global financial services firm specializing in merchant banking. The company delivers a range of specialized services, including broker-dealer operations, venture lending, and corporate finance. It further offers advisory...
Armada Mercantile Financial Statement Overview
Summary
Overall fundamentals are supported by a low-leverage balance sheet (very low debt vs. equity), but operating performance is weak and inconsistent: revenue has contracted materially from 2023 to 2026, profitability swung from strong gains to sizable losses in 2024–2025 before a modest 2026 profit, and cash flow has been uneven with a negative year in 2025. The balance sheet strength is a key offset, but volatility and the revenue downtrend keep the score low.
Income Statement
38NegativeBalance Sheet
72PositiveCash Flow
45Neutral| Breakdown | TTM | Feb 2026 | May 2025 | May 2024 | May 2023 | May 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 106.92K | 156.42K | 159.42K | 206.57K | 402.54K | 311.61K |
| Gross Profit | 121.73K | 156.42K | -2,591 | 206.57K | 401.90K | 310.82K |
| EBITDA | 42.56K | 42.56K | -5.03M | -18.30K | 268.95K | 74.20K |
| Net Income | 8,791 | 8,791 | -5.03M | -15.93K | 242.45K | 49.16K |
Balance Sheet | ||||||
| Total Assets | 1.73M | 1.73M | 1.65M | 6.35M | 6.38M | 5.64M |
| Cash, Cash Equivalents and Short-Term Investments | 920.73K | 920.73K | 843.40K | 5.86M | 5.82M | 5.63M |
| Total Debt | 7,149 | 7,149 | 7,149 | 7,149 | 7,149 | 7,149 |
| Total Liabilities | 140.87K | 140.87K | 37.22K | 516.25K | 528.66K | 120.34K |
| Stockholders Equity | 1.59M | 1.59M | 1.61M | 5.83M | 5.85M | 5.52M |
Cash Flow | ||||||
| Free Cash Flow | 76.83K | 76.82K | -53.65K | 285.70K | 671.76K | 99.49K |
| Operating Cash Flow | 76.82K | 76.82K | -53.65K | 285.70K | 671.76K | 99.49K |
| Investing Cash Flow | -42.40K | -42.40K | -316.39K | -346.37K | -366.55K | 0 |
| Financing Cash Flow | 42.91K | 42.91K | 356.01K | 102.22K | -108.49K | -25.40K |
Armada Mercantile Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ARM, the sentiment is Neutral. The current price of 0.26 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.28, and above the 200-day MA of 0.25, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 45.30 is Neutral, neither overbought nor oversold. The STOCH value of 15.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ARM.
Armada Mercantile Peers Comparison
Overall Rating
TSE:BTC48Neutral- TSE:ARM43Neutral
TSE:SATO39Underperform
TSE:BITK38Underperform
TSE:BKMT30Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| TSE:BTC | 48Neutral | CAD 8.19M | -2.63 | -170.33% | ― | -293.45% | 68.53% |
| TSE:ARM | 43Neutral | CAD 5.36M | 364.29 | 0.55% | ― | -1.88% | ― |
| TSE:SATO | 39Underperform | CAD 4.25M | -0.97 | -109.65% | ― | -31.25% | -30.36% |
| TSE:BITK | 38Underperform | CAD 1.13M | -1.01 | 71.71% | ― | -103.62% | 34.73% |
| TSE:BKMT | 30Underperform | CAD 1.21M | -1.41 | -43.65% | ― | ― | 1.75% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:ARM | Armada Mercantile | 0.26 | -0.05 | -17.74% | |
| TSE:BTC | Bluesky Digital Assets Corp. | 0.11 | 0.03 | 37.50% | |
| TSE:BITK | BlockchainK2 Corp | 0.03 | -0.07 | -70.00% | |
| TSE:BKMT | BlockMint Technologies Class A | 0.03 | -0.03 | -50.00% | |
| TSE:SATO | Sato Technologies Corp. | 0.06 | -0.11 | -65.63% |
Armada Mercantile Corporate Events
Armada Mercantile Highlights Regulatory Wins and Global Expansion at EV Partner ZeroNox
PositiveArmada Mercantile Ltd. has reported business progress at portfolio company ZeroNox Inc., underscoring the growing role of its electric powertrain technology in commercial fleet decarbonization. The update highlights how ZeroNox’s scalable EV re...
Armada Mercantile Boosts Cash Position With Anos Holdings Distributions
PositiveArmada Mercantile Ltd. has received a cash distribution of US$486,410 tied to its 4.678% ownership in Anos Holdings, LLC, with three additional distributions totaling approximately US$614,000 still outstanding. The company also holds a stock equity k...
Armada Mercantile Expands U.S. Ice Cream Reach via Ace Foods and Michigan Distributor
PositiveArmada Mercantile Ltd., via its ownership interest in Ace Foods, participates in the U.S. premium ice cream segment through distribution of the London Dairy brand. Ace Foods serves as the master importer and distributor, bringing globally recognized...
Armada Mercantile’s Ace Foods Expands London Dairy Ice Cream Distribution in South Florida
PositiveArmada Mercantile, through its one-third ownership of Ace Foods, is deepening its presence in the U.S. frozen dessert market as Ace Foods expands distribution of London Dairy ice cream products with Viral Merchants in South Florida. The partnership c...
Armada’s Ace Foods Expands London Dairy Ice Cream Distribution in Texas
PositiveArmada Mercantile Ltd., through its 33.3% ownership in Ace Foods, is positioned in the premium ice cream distribution industry via the London Dairy brand, which has a strong global footprint and institutional backing. With Ace Foods acting as the mas...
Armada Mercantile’s Ace Foods Wins Full Northgate Market Rollout for London Dairy Ice Cream
PositiveArmada Mercantile’s Ace Foods unit has secured placement for London Dairy ice cream and sorbet pints and multipack bars across all 46 Northgate Market supermarkets in Los Angeles. The distributor plans to support the rollout with marketing init...
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.
Date of analysis: Oct 27, 2026