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BluMetric Environmental Inc (TSE:BLM)
:BLM
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BluMetric Environmental
(BLM)
73Outperform
BluMetric Environmental (BLM) vs. S&P 500 (SPY)
Market Cap
C$47.63M
Dividend YieldN/A
Average Volume (3M)87.83K
Price to Earnings (P/E)208.1
Beta (1Y)0.40
Revenue Growth21.58%
EPS Growth-37.37%
CountryCA
Employees220
SectorUtilities
Sector Strength87
IndustryWaste Management
Share Statistics
EPS (TTM)<0.01
Shares Outstanding36,919,987
10 Day Avg. Volume41,968
30 Day Avg. Volume87,827
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
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 ConsensusModerate Buy
Number of Analyst Covering1
BluMetric Environmental Business Overview & Revenue Model
Company DescriptionBluMetric Environmental Inc. (BLM) is a Canadian company specializing in providing sustainable solutions to complex environmental issues. The company operates in various sectors, including water management, environmental engineering, and industrial hygiene. BluMetric offers a range of services and products such as consulting, engineering design, environmental assessments, and specialized equipment for water and wastewater treatment.
How the Company Makes MoneyBluMetric Environmental Inc. makes money through a diversified revenue model that includes consulting fees, engineering project fees, and sales of specialized water and wastewater treatment equipment. The company derives income from long-term contracts with government agencies, municipalities, and private sector clients, providing them with tailored environmental solutions. Key revenue streams include environmental engineering services, water and wastewater management projects, and industrial hygiene services. Partnerships with technology providers and collaboration with industry experts enhance BluMetric's offerings and contribute to its earnings by expanding its market reach and service capabilities.
BluMetric Environmental Financial Statement Overview
Summary
BluMetric Environmental exhibits solid financial performance with strengths in cash flow generation and gross profit margins, though profitability and leverage could be improved. The company is on a stable growth trajectory, but optimizing profitability and managing leverage effectively will be crucial for future success.Income Statement
BluMetric Environmental demonstrates a strong gross profit margin of 36.8% TTM, indicating effective cost management. However, the net profit margin is relatively low at 0.5% TTM, highlighting potential challenges in translating revenue into profit. The revenue growth rate is modest at 15.6% TTM, which is positive but could be improved. EBIT and EBITDA margins are at 2.3% and 5.2% respectively, suggesting room for operational efficiency enhancements.72
Positive
Balance Sheet
The company's debt-to-equity ratio is moderate, reflecting manageable leverage. With a return on equity of 1.1% TTM, profitability on shareholder's equity is limited. The equity ratio of 45.8% TTM indicates reasonable financial stability, but there is potential to strengthen the equity position further.68
Positive
Cash Flow
BluMetric shows a robust operating cash flow to net income ratio of 10.8 TTM, indicating strong cash generation relative to net income. The free cash flow growth rate is positive, moving from negative in the previous period to a healthy position in the TTM. The free cash flow to net income ratio is 6.9 TTM, highlighting efficient cash utilization.75
Positive
| Breakdown | ||||
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 34.84M | 35.08M | 34.32M | 35.48M | 28.62M | Gross Profit |
| 13.98M | 7.59M | 7.56M | 9.42M | 6.12M | EBIT |
| 599.00K | 1.01M | 1.73M | 4.64M | 1.71M | EBITDA |
| 1.46M | 1.78M | 2.26M | 5.23M | 2.18M | Net Income Common Stockholders |
| 64.00K | 506.72K | 1.32M | 3.73M | 471.46K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.65M | 3.04M | 4.91M | 4.73M | 2.47M | Total Assets |
| 37.99M | 20.05M | 19.67M | 17.42M | 15.52M | Total Debt |
| 7.60M | 2.80M | 2.15M | 2.60M | 3.85M | Net Debt |
| 3.95M | -243.21K | -2.76M | -2.12M | 1.38M | Total Liabilities |
| 24.27M | 7.86M | 8.30M | 7.56M | 9.44M | Stockholders Equity |
| 13.72M | 12.19M | 11.37M | 9.86M | 6.08M |
| Cash Flow | Free Cash Flow | |||
| -579.00K | -799.89K | 1.11M | 3.46M | 2.55M | Operating Cash Flow |
| 57.00K | -462.95K | 1.20M | 3.65M | 2.67M | Investing Cash Flow |
| -1.50M | -336.94K | -83.38K | -191.52K | 961.09K | Financing Cash Flow |
| 2.07M | -1.07M | -929.66K | -1.21M | -1.40M |
BluMetric Environmental Technical Analysis
Positive
1.29
Price Trends
1.11
Positive
1.01
Positive
0.84
Positive
Market Momentum
0.05
Negative
64.14
Neutral
86.51
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BLM, the sentiment is Positive. The current price of 1.29 is above the 20-day moving average (MA) of 1.17, above the 50-day MA of 1.11, and above the 200-day MA of 0.84, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 64.14 is Neutral, neither overbought nor oversold. The STOCH value of 86.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BLM.
BluMetric Environmental Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$47.63M | 208.06 | 1.32% | ― | 21.58% | -37.37% | |
63 Neutral | $8.48B | 11.89 | 5.79% | 4.37% | 3.17% | -10.89% | |
57 Neutral | C$26.11M | ― | -195.17% | ― | 64.60% | 26.47% | |
45 Neutral | C$43.98M | ― | -454.84% | ― | 210.29% | -31.05% | |
33 Underperform | C$58.72M | ― | -395.07% | ― | 173.58% | -505.26% |
* Utilities Sector Average
Performance Comparison
TSE:BLM
BluMetric Environmental
1.29
0.85
193.18%
TSE:ECM
Ecolomondo Corporation
0.27
0.13
92.86%
TSE:YES
CHAR Technologies
0.22
-0.15
-40.54%
TSE:ROOF
Northstar Clean Technologies
0.34
0.14
70.00%
BluMetric Environmental Earnings Call Summary
Earnings Call Date:Feb 26, 2025
(Q4-2024)
| % Change Since: 32.99%|
Next Earnings Date:May 22, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive sentiment with improvements in gross margins, a record backlog, and stable revenue indicating strong operational resilience. Despite some challenges in the military market and increased operating expenses, the company is well-positioned with a strong financial base and growth in other sectors like mining.Q4-2024 Updates
Positive Updates
Record Backlog and Revenue Stability
BluMetric achieved a record backlog, setting up for modest revenue growth in 2024. Revenues were stable at $35.1 million for the fiscal year, with the fourth-quarter revenue at $10.3 million compared to $9.9 million in the same period of 2022.
Improved Gross Margins
Gross margins improved to 26% in the fourth quarter of fiscal year 2023, up from 18% in the same quarter of the prior year.
Significant Mining Market Growth
The mining market saw a 36% year-over-year revenue growth, driven by an expanding customer base and resumption of work on a large water treatment facility contract.
Strong Financial Position
BluMetric ended the fiscal year with a strong working capital position of $11.1 million, up from $10.9 million, and maintains minimal debt.
Successful Turnaround in Fourth Quarter
The company experienced a turnaround in the fourth quarter with improvements in revenue generation, gross margins, and profitability. EBITDA for the fourth quarter increased to $1.1 million from $0.3 million in the prior year's same quarter.
Negative Updates
Decline in Military Market Revenue
Military market revenues declined 13% year-over-year, primarily due to reduced activity on shipboard reverse osmosis systems, with the contract awaiting a replacement.
Increased Operating Expenses
Operating expenses increased to $6.6 million for fiscal year 2023, up from $5.8 million in the prior year, due to increased noncash share compensation costs and other operational expenses.
Decrease in Net Cash Balance
Net cash balance decreased to $2.2 million on September 30, 2023, from $3.6 million on September 30, 2022, due to increased operating expenses and timing of payments.
Company Guidance
During the BluMetric Environmental Inc. Q4 2023 earnings call, the executives shared various key metrics and insights. The company reported stable revenues for the fiscal year at $35.1 million, with the fourth quarter's revenues at $10.3 million, up from $9.9 million in the same period the previous year. A notable improvement was seen in the gross margin, which increased to 26% in Q4 from 18% in Q4 2022, attributed to project mix and delayed revenue recognition. EBITDA for the fiscal year was $1.7 million, with a significant Q4 increase to $1.1 million, compared to $0.3 million the previous year. The net income for the fiscal year was $0.5 million, with an increase in Q4 to $0.7 million. The company maintained a net cash balance of $2.2 million as of September 30, 2023, and a strong working capital position of $11.1 million. BluMetric also highlighted a record backlog, which positions them for modest revenue growth in 2024, and emphasized their continued focus on expanding their agile water systems both domestically and internationally.BluMetric Environmental Corporate Events
Business Operations and Strategy
BluMetric Environmental to Present at Planet MicroCap Showcase 2025
Positive
Apr 1, 2025
BluMetric Environmental Inc. announced its participation in the Planet MicroCap Showcase: VEGAS 2025, where Chair and CEO Scott MacFabe will present and engage with investors. This event presents an opportunity for BluMetric to enhance its visibility and strengthen its position in the environmental consulting and engineering industry.
M&A TransactionsBusiness Operations and Strategy
BluMetric Secures Major WaterTech Contract for Bahamian Resort
Positive
Mar 18, 2025
BluMetric Environmental Inc. has secured a contract valued at approximately CA$3.3 million to supply a Sea Water Reverse Osmosis and a Membrane Bioreactor system for a resort in the Bahamas. This contract, executed by Gemini Water, a recent acquisition of BluMetric, will provide 240,000 gallons per day of potable water and treat 65,000 gallons per day of wastewater. The deal underscores the growing demand for advanced water infrastructure in the Caribbean, driven by increased development, tourism, and groundwater scarcity.
Business Operations and StrategyFinancial Disclosures
BluMetric Environmental Reports Strong Q1 2025 Results and Expansion Plans
Positive
Feb 26, 2025
BluMetric Environmental Inc. reported a strong start to fiscal year 2025, with a significant increase in revenue and profitability for the first quarter, driven by contributions from its Gemini Water project. The company is expanding its operations, including a new manufacturing facility in Florida and strategic hires, to capitalize on growth opportunities in the WaterTech sector and military market, despite challenges in contract closures.
Business Operations and Strategy
BluMetric Expands with Caribbean Contract and U.S. Manufacturing Facility
Positive
Feb 5, 2025
BluMetric Environmental Inc. has announced two significant developments: the signing of a CA$1.2 million contract for a Membrane Bioreactor wastewater treatment system in the Bahamas and a new lease for a larger U.S. manufacturing facility in Gainesville, Florida. These moves demonstrate the company’s growth and expansion efforts, particularly in addressing the growing demand for water infrastructure in the Caribbean and increasing its manufacturing capacity in the U.S. to support larger contracts and workforce expansion.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.