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dynaCERT
(TSX:DYA)
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Rating:43Neutral
Price Target:
C$0.10
▼(-13.64% Downside)
Action:Reiterated
Date:10/14/26
The score is held down primarily by weak financial performance—negative margins, large ongoing losses, persistent cash burn, and balance-sheet risk from negative equity alongside increased debt. Technical indicators are mixed but slightly improved in the short term (above 20/50-day averages with neutral RSI), providing limited support. Valuation is constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
HydraGEN clean-technology offering
The retrofit model targets existing diesel and other internal-combustion equipment, allowing commercial operators to pursue fuel and emissions improvements without replacing entire fleets. That creates a structural use case across trucking, mining, construction, and power generation as decarbonization pressure persists.
Negative Factors
Persistent unprofitable operations
Negative gross profit across the reported periods shows that the current revenue base does not cover direct costs, while the sizable net loss demonstrates that scale has not yet produced viable economics. This limits internal funding capacity and makes durable profitability dependent on material execution improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
HydraGEN clean-technology offering
The retrofit model targets existing diesel and other internal-combustion equipment, allowing commercial operators to pursue fuel and emissions improvements without replacing entire fleets. That creates a structural use case across trucking, mining, construction, and power generation as decarbonization pressure persists.
Read all positive factors
dynaCERT (DYA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$50.83M
Dividend YieldN/A
Average Volume (3M)123.22K
Price to Earnings (P/E)―
Beta (1Y)0.28
Revenue Growth-57.68%
EPS Growth24.90%
CountryCA
Employees30
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.02
Shares Outstanding508,286,680
10 Day Avg. Volume98,756
30 Day Avg. Volume123,222
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)-38.55
Price to Sales (P/S)68.05
P/FCF Ratio-4.29
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)0.01
Revenue Forecast (FY)C$21.00M
dynaCERT Business Overview & Revenue Model
Company Description
dynaCERT Inc., together with its subsidiaries, engages in the design, engineering, manufacture, testing, and distribution of transportable hydrogen generator aftermarket products in Europe, Canada, and internationally. The company’s patent-pending...
How the Company Makes Money
dynaCERT’s revenue model is centered on (1) selling and deploying its HydraGEN™ retrofit units and related equipment, and (2) monetizing emissions reductions where eligible through carbon-credit/offset mechanisms supported by measurement and verif...
dynaCERT Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 495.77K | 643.93K | 1.60M | 446.82K | 1.15M | 757.00K |
| Gross Profit | -4.27M | -4.24M | -998.86K | -609.11K | -1.14M | -1.46M |
| EBITDA | -7.49M | -8.22M | -9.09M | -6.93M | -9.92M | -15.28M |
| Net Income | -9.79M | -10.42M | -10.16M | -8.63M | -12.16M | -12.71M |
Balance Sheet | ||||||
| Total Assets | 10.98M | 7.92M | 3.43M | 5.63M | 7.13M | 16.81M |
| Cash, Cash Equivalents and Short-Term Investments | 5.05M | 1.96M | 86.30K | 247.27K | 156.50K | 8.34M |
| Total Debt | 11.00M | 5.98M | 1.50M | 1.90M | 1.40M | 1.81M |
| Total Liabilities | 13.75M | 9.06M | 5.67M | 5.57M | 3.01M | 3.30M |
| Stockholders Equity | -2.76M | -1.14M | -2.24M | 61.35K | 4.11M | 13.52M |
Cash Flow | ||||||
| Free Cash Flow | -8.54M | -10.21M | -5.47M | -3.57M | -7.97M | -9.67M |
| Operating Cash Flow | -8.54M | -10.21M | -5.45M | -3.52M | -7.88M | -8.66M |
| Investing Cash Flow | -6.21K | -9.72K | -44.49K | -55.66K | -96.73K | -1.41M |
| Financing Cash Flow | 12.84M | 12.10M | 5.33M | 3.66M | -206.67K | -429.59K |
dynaCERT Technical Analysis
Neutral
0.11
Price Trends
0.10
Negative
0.11
Negative
0.11
Negative
Market Momentum
<0.01
Negative
50.56
Neutral
42.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DYA, the sentiment is Neutral. The current price of 0.11 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and below the 200-day MA of 0.11, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.56 is Neutral, neither overbought nor oversold. The STOCH value of 42.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:DYA.
dynaCERT Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | C$46.40M | -4.18 | 112.32% | ― | 11.62% | 16.81% | |
50 Neutral | C$23.74M | -12.74 | -16.94% | ― | 9.31% | -124.29% | |
43 Neutral | C$50.83M | -5.18 | 718.52% | ― | -57.68% | 24.90% | |
42 Neutral | C$27.18M | -2.88 | -138.91% | ― | 374.59% | 74.40% |
* Industrials Sector Average
TSE:DYA
dynaCERT
0.10
-0.04
-27.41%
TSE:ENW
Enwave Corp
0.19
-0.16
-45.71%
TSE:PYR
PyroGenesis Canada
0.20
-0.03
-13.04%
TSE:NXH
Next Hydrogen Solutions Inc
0.40
-0.14
-25.93%
dynaCERT Corporate Events
Business Operations and StrategyPrivate Placements and Financing
dynaCERT extends French push with IPMD as it seeks to lengthen $1 million convertible note
Positive
Oct 6, 2026
dynaCERT and its French distribution partner IPMD are deepening commercial traction for HydraGEN™ technology in France, highlighted by a repeat order from an existing customer and ongoing pilot projects across freight, passenger transport, p...
Business Operations and Strategy
dynaCERT Ramps Up Global Expansion Across Trucking, Ports and Power Generation
Positive
Aug 18, 2026
dynaCERT announced a coordinated international commercial expansion program for the second half of 2026, targeting Europe, Asia and the Americas to deepen its presence in heavy-duty trucking, port operations and stationary power generation. The co...
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.