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Biorem Inc
(BRM)
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Rating:70Outperform
Price Target:
C$4.00
▲(10.19% Upside)
Action:Reiterated
Date:10/30/26
The score is driven primarily by mixed fundamentals: strong profitability and a much-improved, low-leverage balance sheet are offset by a sharp deterioration in recent TTM cash flow. Technicals are supportive with price above major moving averages and positive MACD, and valuation appears attractive with a low P/E, but cash-flow volatility remains the key risk.
Positive Factors
Revenue Growth
Improving revenue scale indicates that Biorem is expanding its commercial activity and converting demand into higher sales. Continued growth provides operating leverage, supports reinvestment in engineered systems and services, and strengthens the company’s ability to sustain profitability over the next several quarters.
Negative Factors
Weak Cash Conversion
The sharp gap between reported earnings and recent cash generation indicates weaker cash conversion and increases sensitivity to working-capital movements or cash investment needs. Until operating cash flow recovers, Biorem has less internally generated liquidity to fund growth and absorb execution variability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Improving revenue scale indicates that Biorem is expanding its commercial activity and converting demand into higher sales. Continued growth provides operating leverage, supports reinvestment in engineered systems and services, and strengthens the company’s ability to sustain profitability over the next several quarters.
Read all positive factors
Biorem Inc (BRM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$60.50M
Dividend YieldN/A
Average Volume (3M)11.83K
Price to Earnings (P/E)9.6
Beta (1Y)0.43
Revenue Growth32.16%
EPS Growth94.55%
CountryCA
Employees57
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)0.38
Shares Outstanding16,307,028
10 Day Avg. Volume13,430
30 Day Avg. Volume11,826
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)2.90
Price to Sales (P/S)1.02
P/FCF Ratio5.95
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)0.34
Revenue Forecast (FY)C$52.10M
Biorem Inc Business Overview & Revenue Model
Company Description
BioRem Inc. is a clean technology engineering firm specializing in the development, manufacturing, and global distribution of environmental air purification systems. These systems are engineered to combat a range of airborne contaminants, includin...
How the Company Makes Money
Biorem makes money primarily by selling air emissions control projects and related equipment to customers that need odor and VOC control. Revenue is generated from (1) engineered system sales, where Biorem designs and supplies biotrickling filter/...
Biorem Inc Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.70M | 42.36M | 37.42M | 25.17M | 28.86M | 24.48M |
| Gross Profit | 15.41M | 12.59M | 10.06M | 7.02M | 8.76M | 6.24M |
| EBITDA | 8.79M | 7.05M | 4.82M | 3.45M | 2.99M | 2.68M |
| Net Income | 6.22M | 4.82M | 3.04M | 2.18M | 1.61M | 1.30M |
Balance Sheet | ||||||
| Total Assets | 35.64M | 33.58M | 28.51M | 24.08M | 20.73M | 19.17M |
| Cash, Cash Equivalents and Short-Term Investments | 7.19M | 11.50M | 5.21M | 2.29M | 3.78M | 4.47M |
| Total Debt | 2.49M | 2.83M | 3.56M | 4.19M | 4.75M | 5.67M |
| Total Liabilities | 18.06M | 18.65M | 17.89M | 17.36M | 16.21M | 17.20M |
| Stockholders Equity | 17.59M | 14.93M | 10.63M | 6.72M | 4.52M | 1.96M |
Cash Flow | ||||||
| Free Cash Flow | 9.69K | 7.27M | 3.31M | -62.84K | 1.24M | 3.71M |
| Operating Cash Flow | 328.43K | 7.64M | 3.69M | 490.03K | 1.44M | 3.78M |
| Investing Cash Flow | -318.75K | -367.83K | -372.00K | -552.87K | -203.29K | -75.98K |
| Financing Cash Flow | -719.87K | -767.05K | -572.04K | -1.33M | -951.80K | -7.56M |
Biorem Inc Technical Analysis
Positive
3.63
Price Trends
3.58
Positive
3.41
Positive
3.09
Positive
Market Momentum
0.06
Negative
55.05
Neutral
80.65
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BRM, the sentiment is Positive. The current price of 3.63 is below the 20-day moving average (MA) of 3.65, above the 50-day MA of 3.58, and above the 200-day MA of 3.09, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 55.05 is Neutral, neither overbought nor oversold. The STOCH value of 80.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BRM.
Biorem Inc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | C$60.50M | 9.65 | 41.45% | ― | 32.16% | 94.55% | |
66 Neutral | C$25.65M | 31.91 | 16.53% | ― | 16.89% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$27.96M | -6.43 | -18.95% | ― | 5.01% | -3122.22% | |
48 Neutral | C$7.50M | -2.32 | -16.34% | ― | -74.07% | -251.51% | |
43 Neutral | C$14.04M | -3.92 | 109.61% | ― | -21.35% | 12.15% |
* General Sector Average
TSE:BRM
Biorem Inc
3.71
1.65
80.10%
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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.