Cematrix AI Stock Analysis
Want to see TSE:CEMX full AI Analyst Report?
Cematrix (CEMX) AI Stock Analysis
Cematrix
(TSX:CEMX)
The overall score of 73 reflects a company with strong fundamentals and a positive outlook, tempered by neutral market momentum. The most significant factors are the company's robust financial health, characterized by a debt-free balance sheet and excellent cash flow, and the highly optimistic guidance from the earnings call pointing to a record year. These strengths are partially offset by a neutral technical picture and a recent dip in TTM revenue, which introduces some uncertainty about near-term price movement and top-line growth sustainability.
Cematrix (CEMX) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 69.77M
- Dividend Yield
- ―
- Average Volume (3M)
- 141.02K
- Price to Earnings (P/E)
- 14.7
- Beta (1Y)
- 1.35
- Revenue Growth
- 17.54%
- EPS Growth
- 53.88%
- Country
- Canada
- Employees
- 64
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Construction Materials
Cematrix Business Overview & Revenue Model
Company Description
CEMATRIX Corporation, operating through its subsidiaries, specializes in the on-site manufacturing and distribution of cellular concrete. This versatile material finds extensive use across the infrastructure, industrial, and commercial construction s...
How the Company Makes Money
CEMATRIX makes money primarily by delivering cellular concrete projects and related products to construction customers. Its core revenue stream is project-based contracting, where it is paid under customer contracts to engineer (mix design/specificat...
Cematrix Earnings Call Summary
The call was broadly optimistic, supported by record year-to-date revenue, a growing backlog, strong cash generation, a $20.5 million cash balance, positive adjusted EBITDA and expectations for a strong fourth quarter and record full-year performance. The main challenges were the year-over-year decline in Q3 revenue and operating income, lower margins, construction-related project timing variability, and uncertainty around acquisition timing. Highlights significantly outweighed the lowlights.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management said 2026 is “on track for our best year ever,” with record financial performance expected in “all 3” of revenue, profit and cash flow; “Q4 is going to be one of our best quarters ever,” all the large projects needed to hit the guidance have started and are expected to be finished in the fourth quarter, and Q4 is expected to raise margins, although management does not know if it will get “all the way to 30% on the year,” with 30% remaining the target and the company expecting to get “pretty close.” SG&A is expected to be lower again in Q4, while heading into ’27 it is expected to go up “kind of in line with inflation”; quarterly reporting should come out “roughly 4 weeks from when the quarter ends now and going forward.”
Cematrix Financial Statement Overview
Summary
Financial performance is strong, driven by a successful turnaround. The balance sheet is a fortress with negligible debt (0.07x D/E) and improving ROE (11.2%). Cash flow generation is excellent, with operating cash flow surging to $13.0M TTM and a 0.96x FCF/NI conversion ratio. The primary offset is the recent -6.3% TTM revenue decline, which tempers the otherwise robust profitability and margin expansion.
Income Statement
72PositiveBalance Sheet
85Very PositiveCash Flow
88Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.45M | 45.09M | 35.36M | 53.30M | 29.00M | 22.60M |
| Gross Profit | 14.46M | 15.36M | 9.42M | 11.88M | 2.52M | 3.90M |
| EBITDA | 7.97M | 7.59M | 2.50M | 4.44M | -3.44M | 1.02M |
| Net Income | 4.74M | 4.06M | 270.00K | 1.24M | -5.56M | -1.85M |
Balance Sheet | ||||||
| Total Assets | 54.88M | 47.69M | 43.40M | 39.28M | 40.82M | 44.39M |
| Cash, Cash Equivalents and Short-Term Investments | 20.51M | 11.94M | 10.29M | 3.29M | 10.68M | 19.95M |
| Total Debt | 3.25M | 3.43M | 3.59M | 3.24M | 7.58M | 8.39M |
| Total Liabilities | 10.24M | 7.19M | 6.02M | 10.56M | 13.07M | 12.81M |
| Stockholders Equity | 44.64M | 40.51M | 37.37M | 28.72M | 27.74M | 31.58M |
Cash Flow | ||||||
| Free Cash Flow | 12.50M | 2.96M | 2.90M | -1.46M | -5.09M | -1.51M |
| Operating Cash Flow | 12.99M | 3.49M | 4.90M | 503.00K | -3.20M | -834.00K |
| Investing Cash Flow | -573.00K | -609.00K | -2.02M | -2.03M | -4.04M | -619.00K |
| Financing Cash Flow | -1.97M | -1.13M | 3.98M | -5.82M | -2.31M | 18.95M |
Cematrix Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CEMX, the sentiment is Negative. The current price of 0.47 is below the 20-day moving average (MA) of 0.48, below the 50-day MA of 0.48, and below the 200-day MA of 0.48, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 36.15 is Neutral, neither overbought nor oversold. The STOCH value of -13.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CEMX.
Cematrix Peers Comparison
Overall Rating
- TSE:CEMX73Outperform
TSE:TBL63Neutral
TSE:DBM60Neutral
TSE:FBF58Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:CEMX | 73Outperform | CAD 69.77M | 14.67 | 11.23% | ― | 17.54% | 53.88% |
| TSE:TBL | 63Neutral | CAD 404.79M | 13.98 | 8.89% | ― | -5.59% | -34.15% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| TSE:DBM | 60Neutral | CAD 866.64M | 10.06 | 12.58% | 5.68% | -0.96% | 10.25% |
| TSE:FBF | 58Neutral | CAD 10.09M | 24.18 | 6.74% | ― | -6.15% | -23.83% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:CEMX | Cematrix Corp | 0.47 | 0.14 | 40.91% | |
| TSE:DBM | Doman Building Materials Group Ltd. | 9.86 | 1.57 | 19.00% | |
| TSE:FBF | Fab-Form Industries Ltd. | 1.10 | 0.07 | 6.80% | |
| TSE:TBL | Taiga Building Prod | 3.75 | 0.28 | 8.07% | |
| TSE:BILD | BuildDirect.com Technologies Inc | 2.45 | 0.35 | 16.67% |
Cematrix Corporate Events
CEMATRIX Sees Record 2026 Despite Softer Third Quarter
PositiveCEMATRIX reported third-quarter 2026 revenue of $11.9 million, down 22% from a year earlier, as the delayed start of several large projects weighed on results and cut gross margins to 23% from 34%. Despite softer quarterly performance, year-to-date r...
Cematrix Sets Date for Third-Quarter 2026 Results and Investor Webinar
PositiveCematrix Corporation will release its consolidated financial results for the third quarter ended Sept. 30, 2026, after markets close on Oct. 28. The announcement underscores regular financial disclosure by the cellular concrete specialist, which has...
CEMATRIX Adds $8.8 Million in Contracts, Lifts YTD Awards to $43.2 Million
PositiveCEMATRIX Corporation has secured $8.8 million in new contract awards, bringing year‑to‑date bookings to $43.2 million across Canada and the United States. The mix of work includes a major grouting application for a tunnel project, a load‑reducing fil...
Cematrix Secures $8.2 Million in New Contracts, Lifting 2026 Wins to $34.4 Million
PositiveCematrix Corporation, a specialty contractor and leading North American supplier of cellular concrete, delivers on-site, flowable and insulating cement-based solutions for geotechnical construction, including lightweight fill, tunnel grouting and uti...
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 30, 2026