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Pinetree Capital
(TSX:PNP)
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Rating:45Neutral
Price Target:
C$9.50
▲(0.11% Upside)
Action:Reiterated
Date:08/01/26
The score is held down primarily by deteriorating recent financial performance—TTM losses and persistently negative operating/free cash flow—despite a comparatively strong balance sheet. Technicals also lean weak with the stock trading below key moving averages, and valuation is constrained by losses (negative P/E) with no dividend yield data to offset risk.
Positive Factors
Strong Balance Sheet
Substantial equity relative to assets and moderate leverage provide financial flexibility and a buffer against portfolio losses. This strength can support continued investment activity while management addresses weak earnings and cash generation.
Negative Factors
Sharp Earnings Deterioration
The latest swing from strong annual profitability to a substantial TTM loss shows that earnings are highly volatile and difficult to forecast. Continued revenue contraction could limit capital available for new investments and weaken confidence in the business model.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
Substantial equity relative to assets and moderate leverage provide financial flexibility and a buffer against portfolio losses. This strength can support continued investment activity while management addresses weak earnings and cash generation.
Read all positive factors
Pinetree Capital (PNP) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$91.71M
Dividend YieldN/A
Average Volume (3M)3.52K
Price to Earnings (P/E)―
Beta (1Y)0.60
Revenue Growth-63.35%
EPS Growth-113.24%
CountryCA
Employees3
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.44
Shares Outstanding9,387,000
10 Day Avg. Volume2,479
30 Day Avg. Volume3,518
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)1.18
Price to Sales (P/S)5.93
P/FCF Ratio-26.77
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
Pinetree Capital Business Overview & Revenue Model
Company Description
Pinetree Capital Ltd. is a private equity and venture capital firm dedicated to funding businesses across various growth phases. They support companies ranging from nascent, emerging ventures and early-stage development to more established middle-...
How the Company Makes Money
Pinetree Capital primarily makes money through investment returns generated by its portfolio. Key earnings drivers typically include: (1) realized gains (and losses) from selling investments at prices above (or below) their purchase cost; (2) unre...
Pinetree Capital Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
78
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.09M | 17.48M | 33.30M | 6.64M | 2.10M | 2.30M |
| Gross Profit | 5.02M | 17.41M | 33.29M | 6.62M | 2.08M | 2.28M |
| EBITDA | -4.09M | 10.52M | 32.36M | 5.77M | 1.15M | 1.47M |
| Net Income | -4.13M | 9.89M | 32.33M | 5.75M | 1.18M | 1.46M |
Balance Sheet | ||||||
| Total Assets | 96.75M | 89.39M | 78.27M | 45.75M | 40.06M | 38.85M |
| Cash, Cash Equivalents and Short-Term Investments | 1.03M | 5.56M | 5.13M | 2.17M | 6.04M | 9.94M |
| Total Debt | 12.89M | 181.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 14.19M | 1.81M | 571.00K | 377.00K | 443.00K | 412.00K |
| Stockholders Equity | 82.56M | 87.59M | 77.70M | 45.37M | 39.62M | 38.44M |
Cash Flow | ||||||
| Free Cash Flow | -11.14M | -3.88M | 2.96M | -3.88M | -3.89M | -10.91M |
| Operating Cash Flow | -11.14M | -3.88M | 2.96M | -3.88M | -3.89M | -10.91M |
| Investing Cash Flow | -10.76M | 4.31M | 0.00 | 0.00 | 0.00 | -10.34M |
| Financing Cash Flow | 18.68M | 0.00 | 0.00 | 0.00 | 0.00 | 17.88M |
Pinetree Capital Technical Analysis
Negative
9.49
Price Trends
9.45
Negative
9.23
Positive
9.74
Negative
Market Momentum
0.07
Positive
46.74
Neutral
42.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PNP, the sentiment is Negative. The current price of 9.49 is below the 20-day moving average (MA) of 9.65, above the 50-day MA of 9.45, and below the 200-day MA of 9.74, indicating a bearish trend. The MACD of 0.07 indicates Positive momentum. The RSI at 46.74 is Neutral, neither overbought nor oversold. The STOCH value of 42.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PNP.
Pinetree Capital Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$178.10M | 2.96 | 28.56% | 0.37% | 21.60% | 216.25% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
56 Neutral | C$86.46M | 18.30 | 17.74% | ― | 2798.89% | ― | |
52 Neutral | C$118.37M | -8.66 | -13.93% | ― | -13.15% | 24.49% | |
48 Neutral | C$67.52M | -0.39 | -215.03% | 2833.33% | -167.11% | -1784.69% | |
46 Neutral | C$85.95M | -507.69 | 0.28% | ― | -37.84% | ― | |
45 Neutral | C$91.71M | -21.41 | -5.04% | ― | -63.35% | -113.24% |
* Financial Sector Average
TSE:PNP
Pinetree Capital
9.42
-3.87
-29.12%
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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.