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Base Carbon, Inc.
(NEO-L:BCBN)
Select Model
Select Model
Rating:47Neutral
Price Target:―
Action:Reiterated
Date:08/17/26
The score is primarily held back by unstable and weak operating fundamentals—sharp TTM revenue contraction, negative margins, and negative/volatile cash flow—despite a strong low-debt balance sheet. With limited technical data and a negative P/E (loss-making), the setup reflects higher uncertainty and execution risk.
Positive Factors
Near-zero leverage
A debt-free or nearly debt-free structure reduces refinancing and interest burdens, improving resilience through operating volatility. It also preserves management flexibility to allocate capital toward stabilizing the business without significant creditor constraints.
Negative Factors
Sharp revenue contraction
A steep decline in trailing revenue points to weak demand, reduced activity, or inconsistent business execution. Unless reversed, the smaller revenue base limits operating leverage and makes it harder to absorb fixed costs or build durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Near-zero leverage
A debt-free or nearly debt-free structure reduces refinancing and interest burdens, improving resilience through operating volatility. It also preserves management flexibility to allocate capital toward stabilizing the business without significant creditor constraints.
Read all positive factors
Base Carbon, Inc. (BCBN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)N/A
Revenue Growth131.84%
EPS Growth72.23%
CountryCA
Employees15
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)-0.04
Shares OutstandingN/A
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio-2.98
Price to Book (P/B)0.74
Price to Sales (P/S)41.25
P/FCF Ratio-14.04
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)0.04
Revenue Forecast (FY)C$30.00M
Base Carbon, Inc. Business Overview & Revenue Model
Company Description
Headquartered in Toronto, Canada, Base Carbon Inc. specializes in empowering projects within the voluntary carbon markets and the broader Environmental, Social, and Governance (ESG) sector. The company provides crucial financial backing, developme...
Base Carbon, Inc. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
72
Positive
Cash Flow
30
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 417.65K | 1.81M | 28.22M | 6.42M | 0.00 | 0.00 |
| Gross Profit | -2.19M | -1.26M | 24.38M | 4.20M | -1.63M | -46.55K |
| EBITDA | -9.30M | 589.00K | -26.62M | 104.29M | -7.62M | -1.30M |
| Net Income | -1.56M | 245.00K | -28.91M | 98.27M | -15.47M | -1.53M |
Balance Sheet | ||||||
| Total Assets | 103.27M | 108.94M | 112.07M | 141.24M | 44.09M | 52.72M |
| Cash, Cash Equivalents and Short-Term Investments | 30.46M | 16.77M | 23.66M | 1.40M | 12.94M | 47.05M |
| Total Debt | 0.00 | 20.00K | 63.22K | 110.17K | 0.00 | 0.00 |
| Total Liabilities | 7.71M | 8.45M | 9.06M | 6.55M | 233.53K | 342.38K |
| Stockholders Equity | 95.56M | 100.49M | 103.01M | 134.69M | 37.66M | 50.88M |
Cash Flow | ||||||
| Free Cash Flow | -5.63M | -5.32M | 16.43M | -8.02M | -29.57M | -922.85K |
| Operating Cash Flow | -5.62M | -5.31M | 16.43M | -7.86M | -29.56M | -922.85K |
| Investing Cash Flow | 107.19K | -929.00K | -88.12K | -1.78M | -6.00M | -5.13M |
| Financing Cash Flow | -2.56M | -2.89M | -2.94M | -1.89M | 3.57M | 53.23M |
Base Carbon, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | C$1.09B | 7.81 | 11.06% | 1.24% | -93.61% | 24.49% | |
78 Outperform | C$63.64M | 3.56 | 27.77% | 8.77% | 233.57% | 28.65% | |
78 Outperform | C$113.56B | 29.08 | 15.59% | 3.96% | 129.18% | 15.58% | |
67 Neutral | C$4.63B | 31.72 | 28.39% | 1.32% | 102.07% | 109.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ― | -13.30 | -3.97% | ― | 131.84% | 72.23% |
* General Sector Average
TSE:BCBN
Base Carbon, Inc.
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Base Carbon, Inc. Corporate Events
Business Operations and StrategyStock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Base Carbon Advances CORSIA Strategy as Rwanda Credits Go Fully Eligible
Positive
Aug 14, 2026
Base Carbon reported second-quarter 2026 results showing steady operational progress as it continued to monetize CORSIA-eligible carbon credits from its Rwanda cookstoves project. The company received about $0.4 million in cash during the quarter ...
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.