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Modern Meat
(MEAT)
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Rating:46Neutral
Price Target:
C$0.17
▲(178.33% Upside)
Action:Reiterated
Date:09/25/26
The score is held down primarily by weak financial performance—negative margins, ongoing losses and cash burn, and a strained balance sheet with negative equity and higher debt. Technicals provide a partial offset with the stock trading above major moving averages and generally strong momentum readings, but valuation remains challenged due to continued unprofitability and no dividend yield.
Positive Factors
Narrowing Losses
The substantial reduction in losses shows that financial performance has improved from an exceptionally weak prior period. Although the company remains far from breakeven, continued progress could reduce the earnings gap and support a more sustainable operating model over the next several quarters.
Negative Factors
Declining Revenue
Declining revenue indicates that the company is not currently demonstrating sustained top-line expansion, limiting operating leverage and the ability to spread fixed costs across a larger sales base. Continued contraction could make the path to profitability more difficult over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Narrowing Losses
The substantial reduction in losses shows that financial performance has improved from an exceptionally weak prior period. Although the company remains far from breakeven, continued progress could reduce the earnings gap and support a more sustainable operating model over the next several quarters.
Read all positive factors
Modern Meat (MEAT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.32M
Dividend YieldN/A
Average Volume (3M)753.00
Price to Earnings (P/E)―
Beta (1Y)1.71
Revenue Growth-3.70%
EPS Growth51.27%
CountryCA
Employees5
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)-0.09
Shares Outstanding7,351,814
10 Day Avg. Volume2,260
30 Day Avg. Volume753
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.12
Price to Sales (P/S)0.36
P/FCF Ratio-0.43
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
Modern Meat Business Overview & Revenue Model
Company Description
Modern Plant Based Foods Inc. is a food enterprise that specializes in the creation and distribution of plant-derived meat substitute products throughout Canada and the United States. Its extensive product line includes vegan meat and dairy altern...
How the Company Makes Money
Modern Meat makes money primarily by selling plant-based meat alternative products. Revenue is generated through (1) product sales to retail customers via grocery and specialty food retailers/distributors and (2) product sales to foodservice custo...
Modern Meat Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Aug 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 579.64K | 568.24K | 625.48K | 751.35K | 1.65M | 2.27M |
| Gross Profit | -100.59K | -65.78K | 125.03K | 103.72K | 23.15K | 386.90K |
| EBITDA | -348.93K | -625.98K | -643.00K | -8.18M | -11.31M | -5.84M |
| Net Income | -603.41K | -850.16K | -810.00K | -8.29M | -11.59M | -6.18M |
Balance Sheet | ||||||
| Total Assets | 1.03M | 1.06M | 612.77K | 702.53K | 1.24M | 3.48M |
| Cash, Cash Equivalents and Short-Term Investments | 14.28K | 69.59K | 166.08K | 57.71K | 216.60K | 647.49K |
| Total Debt | 2.29M | 1.79M | 1.31M | 657.92K | 166.79K | 527.87K |
| Total Liabilities | 3.27M | 2.81M | 2.27M | 1.66M | 1.13M | 1.67M |
| Stockholders Equity | -2.23M | -1.75M | -1.65M | -952.32K | 108.91K | 1.83M |
Cash Flow | ||||||
| Free Cash Flow | -320.36K | -475.49K | -552.20K | -1.45M | -1.98M | -4.82M |
| Operating Cash Flow | -320.36K | -475.49K | -552.20K | -1.44M | -1.98M | -4.07M |
| Investing Cash Flow | 0.00 | 8.00 | 0.00 | 317.93K | -5.21K | -733.46K |
| Financing Cash Flow | 200.00K | 380.00K | 662.66K | 971.23K | 1.56M | 2.66M |
Modern Meat Technical Analysis
Positive
0.06
Price Trends
0.09
Positive
0.12
Positive
0.16
Positive
Market Momentum
0.03
Negative
90.93
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MEAT, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.09, and below the 200-day MA of 0.16, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 90.93 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MEAT.
Modern Meat Peers Comparison
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Sector (62)
TSE:MEAT
Modern Meat
0.18
0.00
0.00%
TSE:BITE
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0.15
0.00
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TSE:MOOO.X
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0.35
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TSE:CULT
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0.25
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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.