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NEO Battery Materials Ltd
(NBM)
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Rating:43Neutral
Price Target:
C$0.15
▼(-19.44% Downside)
Action:Reiterated
Date:10/31/26
The score is held down primarily by weak financial performance (large losses and significant cash burn), with technicals also negative due to a downtrend versus key moving averages and a negative MACD. Valuation provides limited offset because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Early Revenue Traction
TTM revenue of about $650k rose roughly 46%, providing evidence that the company has begun converting its silicon-anode development work into commercial sales. If this early traction persists, a growing revenue base could support scale-up and improve operating leverage over the next several quarters.
Negative Factors
Large Operating Losses
TTM net loss of about $14.2M, alongside deeply negative margins, shows that current operations are far from profitable. Continued losses can consume capital, limit internally funded investment, and make successful scale-up dependent on achieving materially better economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Early Revenue Traction
TTM revenue of about $650k rose roughly 46%, providing evidence that the company has begun converting its silicon-anode development work into commercial sales. If this early traction persists, a growing revenue base could support scale-up and improve operating leverage over the next several quarters.
Read all positive factors
NEO Battery Materials Ltd (NBM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$26.16M
Dividend YieldN/A
Average Volume (3M)167.27K
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue GrowthN/A
EPS Growth-138.94%
CountryCA
Employees4
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.09
Shares Outstanding174,392,930
10 Day Avg. Volume95,241
30 Day Avg. Volume167,267
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)9.33
Price to Sales (P/S)377.02
P/FCF Ratio-8.89
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
NEO Battery Materials Ltd Business Overview & Revenue Model
Company Description
NEO Battery Materials Ltd., founded in 2006 and headquartered in Vancouver, Canada, operates as an emerging resource enterprise specializing in the search for battery metals throughout North America. The company possesses stakes in mining claims c...
NEO Battery Materials Ltd Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | May 2026 | May 2025 | May 2024 | May 2022 | May 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 650.25K | 267.72K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.06M | -769.30K | -281.22K | -206.97K | -112.50K | -59.77K |
| EBITDA | -13.21M | -9.49M | -3.96M | -2.95M | -1.82M | -1.44M |
| Net Income | -14.17M | -10.01M | -3.88M | -2.84M | -1.61M | -1.66M |
Balance Sheet | ||||||
| Total Assets | 15.41M | 15.36M | 1.42M | 2.95M | 3.13M | 746.37K |
| Cash, Cash Equivalents and Short-Term Investments | 2.06M | 5.50M | 369.69K | 941.98K | 1.63M | 638.30K |
| Total Debt | 1.32M | 1.52M | 168.07K | 215.75K | 177.86K | 1.37M |
| Total Liabilities | 4.13M | 4.54M | 654.09K | 725.43K | 179.24K | 1.58M |
| Stockholders Equity | 11.28M | 10.82M | 977.77K | 2.06M | 1.89M | -834.53K |
Cash Flow | ||||||
| Free Cash Flow | -13.81M | -11.35M | -1.75M | -2.88M | -2.26M | -760.43K |
| Operating Cash Flow | -9.64M | -7.34M | -1.73M | -2.52M | -1.77M | -759.08K |
| Investing Cash Flow | -7.25M | -4.30M | -25.22K | -2.07M | -1.16M | -1.34K |
| Financing Cash Flow | 18.82M | 16.71M | 1.22M | 3.90M | 3.31M | 1.18M |
NEO Battery Materials Ltd Technical Analysis
Negative
0.18
Price Trends
0.17
Negative
0.22
Negative
0.40
Negative
Market Momentum
>-0.01
Negative
44.76
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NBM, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.17, and below the 200-day MA of 0.40, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.76 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NBM.
NEO Battery Materials Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | C$31.22M | -3.79 | -55.00% | ― | ― | ― | |
46 Neutral | C$7.60M | -5.38 | -12.46% | ― | ― | 95.48% | |
44 Neutral | C$31.53M | -51.92 | -2.33% | ― | ― | 43.18% | |
43 Neutral | C$26.16M | -1.85 | -142.56% | ― | ― | -138.94% | |
43 Neutral | C$10.97M | -0.42 | -66.28% | ― | ― | -10.86% | |
40 Underperform | C$28.45M | -6.30 | -71.25% | ― | ― | 74.25% |
* General Sector Average
TSE:NBM
NEO Battery Materials Ltd
0.15
-0.41
-73.21%
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Argentina Lithium & Energy
0.06
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Namibia Critical Metals Inc
0.14
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TSE:STS
South Star Battery Metals
0.22
0.04
22.22%
TSE:LBNK
LithiumBank Resources Corp.
0.45
0.04
8.54%
NEO Battery Materials Ltd Corporate Events
Business Operations and Strategy
NEO Battery Materials Wins South Korean Defense Contract for High-Performance Batteries
Positive
Oct 27, 2026
NEO Battery Materials has been contracted by a South Korean defense prime and a tier-1 battery pack manufacturer to develop custom high-performance batteries for an undisclosed defense project. The deal strengthens NEO’s role as a domestic c...
Business Operations and Strategy
NEO Battery Materials Hires Connect4 to Boost Global Digital Investor Outreach
Positive
Oct 26, 2026
NEO Battery Materials has engaged Quebec-based Connect 4 Marketing for a six-month digital marketing and investor awareness campaign targeting English- and German-speaking markets. The arm’s-length agreement, funded from working capital with...
Business Operations and StrategyM&A TransactionsProduct-Related Announcements
NEO Battery Materials Strikes Korean Drone Partnership and Boosts Korean Subsidiary Stake
Positive
Sep 29, 2026
NEO Battery Materials has entered a joint development agreement with South Korean drone maker Preneu to create high-energy battery systems optimized for Preneu’s drone platforms, alongside a letter of intent to co-expand into the Canadian ma...
Business Operations and StrategyProduct-Related Announcements
NEO Battery Wins Major Fortune 500 EV Contract and Gains UN Certification for Drone Cells
Positive
Sep 17, 2026
NEO Battery Materials has secured a CAD 392,000 purchase order from an existing North American Fortune 500 automotive OEM, marking one of the largest foundry manufacturing contracts in its history and validating its role in producing customized ba...
Business Operations and Strategy
NEO Battery Strikes Japanese Drone Partnership, Eyes Local Battery Plant
Positive
Sep 3, 2026
NEO Battery Materials has signed a non-binding Letter of Intent with Japanese drone maker Liberaware and its subsidiary Hinotate to integrate NEO’s silicon-enhanced battery technology into their unmanned aerial systems. The collaboration aim...
Business Operations and StrategyProduct-Related Announcements
NEO Battery Wins First Direct Order from Korean Army, Expands Global Drone Deals
Positive
Aug 27, 2026
NEO Battery Materials Ltd., a Canadian-South Korean battery technology company, develops silicon-enhanced lithium-ion batteries for drones, robotics, physical AI, electric vehicles, and energy storage systems. With its patent-protected, low-cost s...
Business Operations and StrategyPrivate Placements and Financing
NEO Battery Raises $4 Million to Expand South Korean Battery Manufacturing
Positive
Aug 14, 2026
NEO Battery Materials Ltd. has closed a non-brokered private placement under the listed issuer financing exemption, issuing 20,000,000 units at $0.20 each for gross proceeds of $4 million, with each unit comprising one common share and a warrant e...
Business Operations and StrategyPrivate Placements and Financing
NEO Battery Amends $4 Million LIFE Offering to Fund South Korea Expansion
Positive
Aug 7, 2026
NEO Battery Materials Ltd. has amended the terms of its non-brokered LIFE Offering, now planning to issue up to 20,000,000 units at $0.20 per unit for gross proceeds of up to $4,000,000. Each unit comprises one common share and one non-transferabl...
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.