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Kelso Technologies
(TSX:KLS)
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Rating:42Neutral
Price Target:
C$0.13
â–²(11.67% Upside)
Action:Reiterated
Date:07/30/26
The score is held down primarily by weak financial performance—recurring profitability issues and negative TTM cash generation—despite a low-leverage balance sheet. Technicals also weigh on the rating, with the stock trading below all major moving averages. Valuation is not supportive because the negative P/E reflects losses and there is no dividend yield data to offset risk.
Positive Factors
Low Leverage
Very low leverage and positive equity provide a financial cushion for a small industrial technology company. Limited debt exposure reduces interest and refinancing pressure, preserving flexibility to support product development and customer demand through weaker operating periods.
Negative Factors
Declining Revenue
Declining trailing revenue signals weaker demand or reduced sales activity across the company’s rail equipment markets. Sustained top-line pressure can limit operating leverage, reduce resources available for product investment, and make a durable return to profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage and positive equity provide a financial cushion for a small industrial technology company. Limited debt exposure reduces interest and refinancing pressure, preserving flexibility to support product development and customer demand through weaker operating periods.
Read all positive factors
Kelso Technologies (KLS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.85M
Dividend Yield0.79%
Average Volume (3M)17.99K
Price to Earnings (P/E)―
Beta (1Y)0.15
Revenue Growth-18.84%
EPS Growth72.80%
CountryCA
Employees40
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)-0.01
Shares Outstanding56,100,086
10 Day Avg. Volume14,597
30 Day Avg. Volume17,992
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)1.72
Price to Sales (P/S)0.73
P/FCF Ratio72.25
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
Kelso Technologies Business Overview & Revenue Model
Company Description
Kelso Technologies Inc. designs, manufactures, and distributes its proprietary equipment solutions for the transportation sector throughout the United States and Canada. For the railway industry, their extensive product line encompasses essential ...
How the Company Makes Money
Kelso Technologies makes money primarily by selling its proprietary railcar components and safety-related products to participants in the rail ecosystem, such as railcar manufacturers, railcar lessors, rail operators, and maintenance/repair networ...
Kelso Technologies Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
66
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.98M | 10.97M | 10.68M | 10.82M | 10.93M | 7.43M |
| Gross Profit | 3.30M | 4.50M | 4.69M | 4.58M | 4.91M | 3.20M |
| EBITDA | -317.54K | 450.12K | -686.72K | -543.43K | -118.54K | -1.56M |
| Net Income | -791.34K | 455.23K | -4.62M | -2.10M | -1.36M | -2.76M |
Balance Sheet | ||||||
| Total Assets | 5.35M | 5.46M | 6.57M | 9.70M | 12.15M | 13.73M |
| Cash, Cash Equivalents and Short-Term Investments | 372.68K | 398.65K | 153.15K | 1.43M | 2.71M | 3.38M |
| Total Debt | 383.25K | 72.81K | 115.90K | 16.64K | 146.72K | 287.71K |
| Total Liabilities | 1.35M | 791.61K | 2.34M | 983.02K | 1.37M | 1.67M |
| Stockholders Equity | 4.00M | 4.67M | 4.23M | 8.72M | 10.78M | 12.06M |
Cash Flow | ||||||
| Free Cash Flow | -317.50K | 111.24K | -405.16K | -1.12M | -588.43K | -2.25M |
| Operating Cash Flow | -317.50K | 111.24K | -393.88K | -275.25K | 314.41K | -1.82M |
| Investing Cash Flow | -958.00 | 116.27K | -751.04K | -846.83K | -875.50K | -401.29K |
| Financing Cash Flow | 244.11K | -78.56K | -138.72K | -155.37K | -135.58K | 4.54M |
Kelso Technologies Technical Analysis
Positive
0.12
Price Trends
0.13
Positive
0.13
Positive
0.15
Negative
Market Momentum
<0.01
Negative
61.38
Neutral
75.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KLS, the sentiment is Positive. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.13, and below the 200-day MA of 0.15, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.38 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:KLS.
Kelso Technologies Risk Analysis
Kelso Technologies disclosed 17 risk factors in its most recent earnings report. Kelso Technologies reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Kelso Technologies Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$102.51B | 21.43 | 22.19% | 2.18% | 3.60% | 7.31% | |
71 Outperform | C$106.54B | 25.48 | 8.35% | 0.83% | 3.57% | -4.13% | |
69 Neutral | C$2.07B | 23.67 | 13.41% | 1.93% | 7.23% | 58.03% | |
67 Neutral | C$1.03B | 23.85 | 15.18% | 2.36% | 8.97% | 27.62% | |
64 Neutral | C$788.78M | 12.38 | 12.07% | 3.70% | -4.10% | 82.03% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
42 Neutral | C$7.85M | -3.62 | -21.56% | 0.79% | -18.84% | 72.80% |
* Industrials Sector Average
TSE:KLS
Kelso Technologies
0.13
-0.05
-29.73%
TSE:CNR
Canadian National Railway
166.73
37.97
29.49%
TSE:CP
Canadian Pacific Kansas City
120.24
15.25
14.53%
TSE:DXT
Dexterra Group
16.95
7.80
85.31%
TSE:SIS
Savaria
29.20
9.14
45.56%
TSE:WJX
Wajax Corporation
37.86
14.37
61.16%
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.