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Comet Industries
(CMU)
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Rating:49Neutral
Price Target:
C$5.50
▼(-1.43% Downside)
Action:Reiterated
Date:10/01/26
The score is held back primarily by weak and inconsistent operating performance (recent losses and minimal TTM revenue), despite a relatively supportive balance sheet and a notable TTM cash flow surge. Technical indicators point to subdued momentum, and valuation is difficult to justify with a negative P/E and no dividend yield data.
Positive Factors
Moderate Leverage
Moderate leverage leaves Comet with a comparatively stronger financial cushion while it manages volatile operating results. Lower debt relative to equity can reduce financing pressure, preserve borrowing capacity, and provide more flexibility to fund development or withstand weaker periods.
Negative Factors
Severe Earnings Volatility
The swing from strong 2024 profitability to sizeable losses in 2025 and 2026 shows that earnings are not currently consistent. Such volatility weakens confidence in near-term profit visibility, makes planning more difficult, and reduces the reliability of internally generated earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate Leverage
Moderate leverage leaves Comet with a comparatively stronger financial cushion while it manages volatile operating results. Lower debt relative to equity can reduce financing pressure, preserve borrowing capacity, and provide more flexibility to fund development or withstand weaker periods.
Read all positive factors
Comet Industries (CMU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$25.89M
Dividend YieldN/A
Average Volume (3M)0.00
Price to Earnings (P/E)―
Beta (1Y)<0.01
Revenue Growth397.22%
EPS Growth20.15%
CountryCA
Employees3
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.11
Shares Outstanding4,794,528
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.68
Price to Book (P/B)1.87
Price to Sales (P/S)1072.07
P/FCF Ratio-56.43
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)N/A
Revenue Forecast (FY)N/A
Comet Industries Business Overview & Revenue Model
Company Description
Comet Industries Ltd. holds and manages real estate properties and the properties under development in the British Columbia. It is involved in the business of holding mineral properties. It holds a 40% working interest in five crown granted minera...
Comet Industries Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 16.10K | 3.24K | 352.90K | 609.50K | 424.65K |
| Gross Profit | -26.43K | -44.11K | -38.11K | 276.29K | 608.44K | 423.53K |
| EBITDA | -630.39K | -707.10K | -455.37K | 9.23M | -89.62K | 391.64K |
| Net Income | -507.44K | -567.54K | -400.04K | 8.15M | -121.14K | 360.19K |
Balance Sheet | ||||||
| Total Assets | 25.11M | 12.48M | 9.91M | 11.27M | 2.51M | 2.65M |
| Cash, Cash Equivalents and Short-Term Investments | 1.95M | 656.47K | 3.79M | 8.53M | 730.98K | 826.70K |
| Total Debt | 1.54M | 2.03M | 43.06K | 79.88K | 715.41K | 738.23K |
| Total Liabilities | 16.26M | 3.24M | 234.41K | 1.23M | 884.20K | 909.72K |
| Stockholders Equity | 8.86M | 9.24M | 9.67M | 10.03M | 1.62M | 1.74M |
Cash Flow | ||||||
| Free Cash Flow | 9.26M | -305.87K | -1.49M | -728.98K | -52.90K | -41.30K |
| Operating Cash Flow | 9.26M | -305.87K | -1.49M | -710.98K | -52.90K | -41.30K |
| Investing Cash Flow | -11.44M | -4.79M | -3.25M | 9.21M | 0.00 | 608.38K |
| Financing Cash Flow | 1.46M | 1.97M | -3.24K | -695.41K | -42.82K | -51.73K |
Comet Industries Technical Analysis
Negative
5.58
Price Trends
5.53
Negative
5.65
Negative
5.07
Positive
Market Momentum
-0.03
Positive
15.21
Positive
42.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CMU, the sentiment is Negative. The current price of 5.58 is above the 20-day moving average (MA) of 5.49, above the 50-day MA of 5.53, and above the 200-day MA of 5.07, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 15.21 is Positive, neither overbought nor oversold. The STOCH value of 42.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CMU.
Comet Industries Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$46.88M | -15.76 | -76.49% | ― | ― | 37.82% | |
49 Neutral | C$25.89M | -51.94 | -5.59% | ― | 397.22% | 20.15% | |
43 Neutral | C$14.21M | -10.83 | -7.67% | ― | ― | -210.34% | |
42 Neutral | C$18.59M | -3.46 | -253.06% | ― | ― | 2.24% | |
40 Underperform | C$20.44M | -6.34 | -368.32% | ― | ― | 69.40% | |
40 Underperform | C$4.62M | -7.94 | -21.92% | ― | ― | 6.65% |
* General Sector Average
TSE:CMU
Comet Industries
5.38
1.20
28.59%
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Comet Industries Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Comet Industries Secures $8 Million Non-Dilutive Loan for Iron Mask Project
Positive
Sep 25, 2026
Comet Industries Ltd. has secured a commitment for a non-revolving, non-dilutive term loan of up to $8 million from Harbour Mortgage Corp. to fund construction and development work at its Iron Mask project in Kamloops, B.C. The one-year, secured f...
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.