GOAT Industries (GOAT) AI Stock Analysis

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GOAT Industries

(CNQX:GOAT)

Select Model

Rating:39Underperform

Price Target:CAD 0.07▼(-17.50% Downside)

Action:downgraded

Date:10/27/26

The score is driven primarily by very weak financial performance (no revenue, widening losses, and increasing cash burn), which outweighs the benefit of a currently low-debt balance sheet. Technicals add further pressure with a clear downtrend (price below key moving averages and negative MACD). Valuation metrics are also unattractive because the negative P/E reflects ongoing losses and there is no dividend yield provided.

Positive Factors

Very Low LeverageThe very small debt balance relative to equity gives the company limited financial leverage and reduces near-term interest and refinancing pressure. This provides greater balance-sheet flexibility than a highly indebted structure, although continued losses could weaken that protection over time.

Negative Factors

No Revenue BaseThe absence of reported revenue indicates that the company has not demonstrated a functioning top-line operating model in the periods provided. Without recurring sales, there is no established revenue base to support fixed costs, fund investment, or provide a foundation for durable earnings growth.

GOAT Industries (GOAT) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 6.33M
Dividend Yield: ―
Average Volume (3M): 106.11K
Price to Earnings (P/E): -0.5
Beta (1Y): 0.78
Revenue Growth: ―
EPS Growth: -10.99%
Country: Canada
Employees: 1
Sector: Financial
Sector Strength: 68
Industry: Asset Management

GOAT Industries Business Overview & Revenue Model

Company Description

Operating from its Vancouver, Canada headquarters, GOAT Industries Ltd. is a venture capital firm dedicated to incubating new businesses. The company primarily invests in the food and beverage industry, with a specific emphasis on functional foods, p...

GOAT Industries Financial Statement Overview

Summary

Overall fundamentals are very weak: the company reports no revenue across periods, with persistent and widening losses (TTM net income about -$6.4M) and rising cash burn (TTM operating cash flow about -$5.7M). The main offset is a currently lightly levered balance sheet (TTM debt ~$29K vs. ~$16.6M equity), but negative returns and a volatile history (including prior negative equity) keep financial risk elevated.

Income Statement

12Very Negative

Balance Sheet

60Neutral

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Jun 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	0	0	0	-74.28K	-274.61K	0
EBITDA	-3.45M	-3.48M	0	-4.08M	-4.18M	-6.08M
Net Income	-5.80M	-5.80M	-1.01M	-4.08M	-14.02M	-6.08M
Balance Sheet
Total Assets	17.88M	17.88M	888	296.99K	2.23M	11.01M
Cash, Cash Equivalents and Short-Term Investments	2.69M	2.69M	887	6,623	1,783	672.78K
Total Debt	39.10K	39.10K	249.01K	340.87K	138.85K	0
Total Liabilities	455.44K	455.44K	831.23K	760.33K	427.69K	204.02K
Stockholders Equity	17.43M	17.43M	-830.34K	-463.34K	1.80M	10.81M
Cash Flow
Free Cash Flow	-3.11M	-3.11M	-360.95K	-368.93K	-1.51M	-4.17M
Operating Cash Flow	-3.11M	-3.11M	-360.95K	-368.93K	-1.51M	-4.17M
Investing Cash Flow	0	0	0	-14.23K	-72.92K	-5.68M
Financing Cash Flow	5.80M	5.80M	355.22K	388.00K	907.50K	10.11M

GOAT Industries Technical Analysis

Technical Analysis SentimentNeutral

Last Price0.08

Price Trends

50DMA0.09Negative

100DMA0.10Negative

200DMA0.17Negative

Market Momentum

MACD-0.00Positive

RSI47.94Neutral

STOCH38.89Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GOAT, the sentiment is Neutral. The current price of 0.08 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.09, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 47.94 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:GOAT.

GOAT Industries Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

TSE:GOAT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TSE:QCA	57Neutral	CAD 4.63M	1.82	21.22%	―	65.79%	―
TSE:LBI	52Neutral	CAD 11.78M	-4.00	-88.98%	―	―	―
TSE:GPK	47Neutral	CAD 11.10M	77.78	4.81%	―	-88.05%	―
TSE:IDK	41Neutral	CAD 10.37M	-0.79	-53.97%	―	39.12%	48.22%
TSE:BLGV	39Underperform	CAD 1.38M	-0.16	-1106.91%	―	-829.35%	-243.98%
TSE:GOAT	39Underperform	CAD 8.69M	-0.54	-50.53%	―	―	-10.99%

* Financial Sector Average

Performance Comparison

TSE:GOAT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:GOAT	Goat Industries Ltd	0.08	-0.55	-87.30%
TSE:GPK	Grand Peak Capital	0.07	-0.01	-12.50%
TSE:BLGV	Belgravia Capital International Inc	0.10	-0.30	-74.94%
TSE:IDK	ThreeD Capital	0.11	0.04	57.14%
TSE:QCA	Quinsam Capital	0.05	0.00	0.00%
TSE:LBI	Lions Bay Capital, Inc.	0.30	0.05	20.00%

GOAT Industries Corporate Events

Business Operations and StrategyM&A Transactions

GOAT Industries Moves to Acquire Epoxy AI Gaming Contract Revenues

Positive

Oct 23, 2026

GOAT Industries has signed a definitive arm’s length agreement via its BetSource subsidiary to acquire revenue rights from six Epoxy AI customer contracts, covering U.S. Tribal casinos and other established casino and sportsbook operators, in exchang...

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.

Date of analysis: Oct 27, 2026

GOAT Industries AI Stock Analysis