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Mene
(MENE)
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Rating:66Neutral
Price Target:
C$0.16
▲(15.71% Upside)
Action:Reiterated
Date:08/28/26
The score is anchored by strong financial performance (turnaround to profitable operations, robust cash generation, and a very low-debt balance sheet). This is materially offset by weak technicals (price below key moving averages with negative MACD and low momentum readings), while valuation appears reasonable but not clearly compelling at a ~16 P/E and no disclosed dividend yield.
Positive Factors
Profitability turnaround
The shift from operating losses and negative net margins in 2023–2024 to profitable TTM results indicates improved economics. Sustaining these margins would strengthen internal funding capacity and support the direct-to-consumer model.
Negative Factors
Profitability durability risk
The recent earnings improvement has not yet been demonstrated across a full cycle. Prior operating losses and negative margins indicate that demand, costs, or product economics can materially weaken, creating uncertainty around the persistence of current profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability turnaround
The shift from operating losses and negative net margins in 2023–2024 to profitable TTM results indicates improved economics. Sustaining these margins would strengthen internal funding capacity and support the direct-to-consumer model.
Read all positive factors
Mene (MENE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$37.81M
Dividend YieldN/A
Average Volume (3M)9.90K
Price to Earnings (P/E)11.5
Beta (1Y)0.61
Revenue Growth6.91%
EPS GrowthN/A
CountryCA
Employees25
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.01
Shares Outstanding150,418,170
10 Day Avg. Volume24,217
30 Day Avg. Volume9,898
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)2.05
Price to Sales (P/S)1.37
P/FCF Ratio12.04
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
Mene Business Overview & Revenue Model
Company Description
Based in Toronto, Canada, Mene Inc. is dedicated to the design, manufacturing, and worldwide distribution of exquisite 24-karat gold and platinum jewelry. The company's reach spans key markets including the United States, Canada, and Europe. Throu...
How the Company Makes Money
Mene makes money primarily by selling 24-karat gold and platinum jewelry to consumers via its direct-to-consumer online channel. Its revenue is generated from the difference between (a) the customer’s purchase price, which is typically based on th...
Mene Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.37M | 28.60M | 25.80M | 23.29M | 26.91M | 26.77M |
| Gross Profit | 10.31M | 8.58M | 7.47M | 5.83M | 6.64M | 6.52M |
| EBITDA | 3.65M | 1.36M | -382.00K | -1.40M | -769.00K | 332.79K |
| Net Income | 3.27M | 1.05M | -994.00K | -1.99M | -1.46M | -32.64K |
Balance Sheet | ||||||
| Total Assets | 24.13M | 22.20M | 21.05M | 18.22M | 31.71M | 29.69M |
| Cash, Cash Equivalents and Short-Term Investments | 12.93M | 10.53M | 7.57M | 8.26M | 13.27M | 8.91M |
| Total Debt | 529.22K | 573.87K | 725.30K | 768.24K | 12.35M | 10.42M |
| Total Liabilities | 2.48M | 3.14M | 3.28M | 2.24M | 14.25M | 12.07M |
| Stockholders Equity | 21.65M | 19.06M | 17.77M | 15.98M | 17.47M | 17.62M |
Cash Flow | ||||||
| Free Cash Flow | 5.62M | 3.25M | -612.41K | -868.22K | 3.97M | -1.05M |
| Operating Cash Flow | 5.65M | 3.30M | -491.58K | -854.62K | 4.70M | -1.02M |
| Investing Cash Flow | -30.40K | -54.81K | -120.83K | 11.70M | -11.51M | 3.97M |
| Financing Cash Flow | -157.26K | -156.36K | -148.60K | -3.73M | 13.98K | -4.69M |
Mene Technical Analysis
Negative
0.14
Price Trends
0.17
Negative
0.18
Negative
0.18
Negative
Market Momentum
>-0.01
Positive
39.10
Neutral
55.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MENE, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.17, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.10 is Neutral, neither overbought nor oversold. The STOCH value of 55.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MENE.
Mene Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$14.74B | 32.41 | 34.33% | ― | 37.45% | 92.29% | |
66 Neutral | C$37.81M | 11.51 | 16.58% | ― | 6.91% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | C$1.10B | 19.12 | 10.37% | ― | 12.26% | 20.96% | |
57 Neutral | C$367.69M | 4.02 | 25.36% | 19.70% | 24.08% | 162.91% |
* Consumer Cyclical Sector Average
TSE:MENE
Mene
0.15
<0.01
3.57%
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TSE:LULU
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-52.65%
Mene Corporate Events
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
Menē Posts Strong Q2 Profit and Launches Pure Silver Jewelry Line
Positive
Aug 26, 2026
Menē reported second-quarter 2026 IFRS revenue of $7.5 million, up 32% year over year, with gross profit rising to $2.4 million and net income reaching $0.5 million, marking a significant turnaround from prior losses.The quarter saw 32 kilogr...
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.