Want to see TSE:MENE full AI Analyst Report?
Top Page
Mene
(MENE)
Select Model
Select Model
Rating:76Outperform
Price Target:
C$0.20
▲(45.00% Upside)
Action:Upgraded
Date:10/08/26
The score is driven primarily by improved financial performance—profitability has turned positive, cash conversion is solid, and the balance sheet is very low leverage. Technicals add support with positive momentum and price above key short- and mid-term averages, though the stock remains just below the 200-day average. Valuation is reasonable on a mid-range P/E, but limited by the absence of dividend yield data.
Positive Factors
Profitability turnaround
The shift from operating losses to positive gross and net margins indicates a meaningful earnings inflection. If maintained, improved profitability can strengthen internal funding, support reinvestment in the direct-to-consumer platform, and increase resilience across the next several quarters.
Negative Factors
Cash-flow variability
The recent decline and history of negative cash flow show that Mene’s cash generation has not yet been consistently durable. Variability could constrain internally funded investment or working-capital flexibility if operating conditions weaken during the next business cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability turnaround
The shift from operating losses to positive gross and net margins indicates a meaningful earnings inflection. If maintained, improved profitability can strengthen internal funding, support reinvestment in the direct-to-consumer platform, and increase resilience across the next several quarters.
Read all positive factors
Mene (MENE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$43.03M
Dividend YieldN/A
Average Volume (3M)17.19K
Price to Earnings (P/E)14.3
Beta (1Y)0.24
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. Volume22,491
30 Day Avg. Volume17,194
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
Positive
0.14
Price Trends
0.16
Positive
0.17
Positive
0.18
Negative
Market Momentum
<0.01
Negative
62.20
Neutral
73.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MENE, the sentiment is Positive. The current price of 0.14 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.16, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.20 is Neutral, neither overbought nor oversold. The STOCH value of 73.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | C$43.03M | 14.29 | 16.58% | ― | 6.91% | ― | |
71 Outperform | C$13.89B | 31.05 | 34.33% | ― | 37.45% | 92.29% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | C$363.90M | 4.08 | 25.36% | 19.70% | 24.08% | 162.91% | |
54 Neutral | C$1.06B | 18.29 | 10.37% | ― | 12.26% | 20.96% |
* Consumer Cyclical Sector Average
TSE:MENE
Mene
0.18
<0.01
2.86%
TSE:CKI
Clarke Inc.
24.00
-0.30
-1.23%
TSE:GOOS
Canada Goose Holdings
10.79
-7.77
-41.86%
TSE:ATZ
Aritzia
123.28
43.74
54.99%
TSE:MNLX
Miniluxe Holding Corp.
0.39
0.08
25.81%
TSE:LULU
lululemon athletica inc. Shs Unsponsored Canadian Depoitary Receipt Hedged Reg S
3.96
-5.27
-57.10%
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.