Want to see TSE:BLM full AI Analyst Report?
Top Page
BluMetric Environmental
(BLM)
Select Model
Select Model
Rating:54Neutral
Price Target:
C$1.00
▲(17.65% Upside)
Action:Reiterated
Date:08/22/26
The score is held back primarily by weak financial performance quality—margin compression and a return to losses—despite strong revenue growth and a reasonably de-risked balance sheet with positive free cash flow. Technicals provide moderate support with positive trend/momentum, but elevated RSI/Stoch readings suggest limited near-term upside without a consolidation. Valuation is constrained by negative earnings (negative P/E) and the absence of a provided dividend yield.
Positive Factors
Strong revenue growth
The substantial top-line expansion indicates stronger project demand and broader business activity. If supported by disciplined execution, this larger revenue base can improve operating leverage and create a durable platform for future profitability.
Negative Factors
Persistent profitability weakness
Current losses weaken internal capital generation and indicate that revenue growth has not yet translated into sustainable earnings. Continued negative profitability could constrain reinvestment, reduce resilience and make the growth strategy more execution-sensitive.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
The substantial top-line expansion indicates stronger project demand and broader business activity. If supported by disciplined execution, this larger revenue base can improve operating leverage and create a durable platform for future profitability.
Read all positive factors
BluMetric Environmental (BLM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$60.60M
Dividend YieldN/A
Average Volume (3M)43.92K
Price to Earnings (P/E)―
Beta (1Y)1.11
Revenue Growth39.33%
EPS Growth-660.48%
CountryCA
Employees345
SectorGeneral
Sector StrengthN/A
IndustryEnvironmental Services
Share Statistics
EPS (TTM)-0.09
Shares Outstanding55,094,240
10 Day Avg. Volume24,640
30 Day Avg. Volume43,923
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)3.10
Price to Sales (P/S)0.78
P/FCF Ratio38.74
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$63.81M
BluMetric Environmental Business Overview & Revenue Model
Company Description
BluMetric Environmental Inc., based in Ottawa, Canada, offers comprehensive environmental solutions, including expert consultation, innovative design, specialized products, and construction services. The company assists clients worldwide in tackli...
How the Company Makes Money
BluMetric makes money primarily by selling professional services on a project/contract basis to government and commercial/industrial customers. Its revenue model is largely fee-for-service and is typically earned through (1) time-and-materials con...
BluMetric Environmental Earnings Call Summary
Earnings Call Date:Jan 29, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Feb 01, 2027
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.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.
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.
Read all updates
Q4-2024 Updates
Positive
Negative
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.
Read all positive updates
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 Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
63
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 71.26M | 62.58M | 34.84M | 35.08M | 34.32M | 35.48M |
| Gross Profit | 15.84M | 15.16M | 13.98M | 7.59M | 7.56M | 9.42M |
| EBITDA | -211.00K | 1.98M | 1.46M | 1.78M | 2.24M | 5.23M |
| Net Income | -3.82M | -2.30M | 64.00K | 506.72K | 1.32M | 3.73M |
Balance Sheet | ||||||
| Total Assets | 63.16M | 37.09M | 37.99M | 20.05M | 19.67M | 17.42M |
| Cash, Cash Equivalents and Short-Term Investments | 2.86M | 2.11M | 3.65M | 3.04M | 4.91M | 4.73M |
| Total Debt | 5.10M | 8.55M | 7.60M | 2.80M | 2.15M | 2.60M |
| Total Liabilities | 29.43M | 21.35M | 24.27M | 7.86M | 8.30M | 7.56M |
| Stockholders Equity | 33.74M | 15.74M | 13.72M | 12.19M | 11.37M | 9.86M |
Cash Flow | ||||||
| Free Cash Flow | 1.54M | 1.26M | -579.00K | -799.89K | 1.11M | 3.46M |
| Operating Cash Flow | 1.97M | 1.63M | 57.00K | -462.95K | 1.20M | 3.65M |
| Investing Cash Flow | -12.25M | -991.00K | -1.50M | -336.94K | -83.38K | -191.52K |
| Financing Cash Flow | 10.89M | -2.19M | 2.07M | -1.07M | -929.66K | -1.21M |
BluMetric Environmental Technical Analysis
Positive
0.85
Price Trends
0.92
Positive
0.91
Positive
1.11
Negative
Market Momentum
0.05
Negative
60.29
Neutral
41.45
Neutral
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 0.85 is below the 20-day moving average (MA) of 1.00, below the 50-day MA of 0.92, and below the 200-day MA of 1.11, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 60.29 is Neutral, neither overbought nor oversold. The STOCH value of 41.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BLM.
BluMetric Environmental Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | C$44.49M | 12.32 | 72.99% | 6.79% | 20.51% | 36.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$60.60M | -10.06 | -15.06% | ― | 39.33% | -660.48% | |
50 Neutral | C$40.70M | -61.63 | -6.86% | ― | -21.04% | 93.64% | |
42 Neutral | C$30.63M | -1.70 | 192.14% | ― | -15.96% | -35.84% |
* General Sector Average
TSE:BLM
BluMetric Environmental
0.95
-0.24
-20.17%
TSE:BQE
BQE Water
69.62
11.98
20.78%
TSE:VCI
Vitreous Glass
6.95
1.36
24.26%
TSE:YES
CHAR Technologies
0.27
0.03
10.42%
TSE:ROOF
Northstar Clean Technologies
0.19
-0.12
-38.71%
BluMetric Environmental Corporate Events
Business Operations and StrategyFinancial Disclosures
BluMetric to Release Q3 2026 Results and Host Investor Call
Neutral
Aug 20, 2026
BluMetric Environmental Inc., a publicly traded WaterTech and environmental engineering company based in Ottawa, develops and delivers sustainable solutions for complex water and environmental issues. With a workforce of more than 335 employees sp...
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.