Pinetree Capital (PNP) AI Stock Analysis

Pinetree Capital

(TSX:PNP)

Select Model

Rating:58Neutral

Price Target:CAD 10.50▲(2.94% Upside)

Action:reiterated

Date:10/31/26

The overall score is mainly constrained by weak and volatile cash generation and declining or inconsistent recent profitability, despite a very strong balance sheet. Positive technical momentum provides support, but the negative P/E ratio and lack of a provided dividend yield limit the valuation contribution.

Positive Factors

Low LeverageA largely debt-free balance sheet gives Pinetree substantial financial flexibility and reduces exposure to interest costs or refinancing pressure. The sizeable equity base can help the company withstand investment volatility and preserve capacity for portfolio decisions over the next several quarters.

Negative Factors

Weak Cash GenerationRecurring negative operating and free cash flow weakens earnings quality and makes reported profitability less dependable as a source of internally generated funds. Continued cash burn could increase reliance on portfolio movements or working-capital changes and constrain flexibility if conditions remain difficult.

Pinetree Capital (PNP) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 96.22M
Dividend Yield: ―
Average Volume (3M): 3,946
Price to Earnings (P/E): 16.5
Beta (1Y): 0.76
Revenue Growth: -12.47%
EPS Growth: -79.40%
Country: Canada
Employees: 3
Sector: Financial
Sector Strength: 68
Industry: Asset Management

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-mar...

Pinetree Capital Financial Statement Overview

Summary

The balance sheet is a major strength, with substantial equity, minimal debt, and growing assets. However, declining revenue, negative TTM margins, and persistently negative operating and free cash flow materially weaken overall financial quality.

Income Statement

62Positive

Balance Sheet

90Very Positive

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	15.20M	17.48M	33.30M	6.64M	2.10M	2.30M
Gross Profit	15.11M	17.41M	33.29M	6.62M	2.08M	2.28M
EBITDA	6.19M	10.52M	32.36M	5.77M	1.15M	1.47M
Net Income	5.84M	9.89M	32.33M	5.75M	1.18M	1.46M
Balance Sheet
Total Assets	96.38M	89.39M	78.27M	45.75M	40.06M	38.85M
Cash, Cash Equivalents and Short-Term Investments	658.00K	5.56M	5.13M	2.17M	6.04M	9.94M
Total Debt	181.00K	181.00K	0	0	0	0
Total Liabilities	1.87M	1.81M	571.00K	377.00K	443.00K	412.00K
Stockholders Equity	94.51M	87.59M	77.70M	45.37M	39.62M	38.44M
Cash Flow
Free Cash Flow	-7.13M	-3.88M	2.96M	-3.88M	-3.89M	-10.91M
Operating Cash Flow	-7.13M	-3.88M	2.96M	-3.88M	-3.89M	-10.91M
Investing Cash Flow	428.00K	4.31M	0	0	0	-10.34M
Financing Cash Flow	0	0	0	0	0	17.88M

Pinetree Capital Technical Analysis

Technical Analysis SentimentPositive

Last Price10.20

Price Trends

50DMA9.58Positive

100DMA9.42Positive

200DMA9.37Positive

Market Momentum

MACD0.21Negative

RSI61.26Neutral

STOCH50.95Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PNP, the sentiment is Positive. The current price of 10.20 is above the 20-day moving average (MA) of 9.61, above the 50-day MA of 9.58, and above the 200-day MA of 9.37, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 61.26 is Neutral, neither overbought nor oversold. The STOCH value of 50.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PNP.

Pinetree Capital Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

TSE:PNP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSE:XAU	73Outperform	CAD 156.84M	2.61	28.56%	―	21.60%	216.25%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TSE:PNP	58Neutral	CAD 96.22M	16.53	7.01%	―	-12.47%	-79.40%
TSE:DMGI	54Neutral	CAD 80.99M	-6.14	-13.93%	―	-13.15%	24.49%
TSE:HODL	54Neutral	CAD 67.13M	-0.38	-215.03%	―	-167.11%	-1784.69%
TSE:DEFI	52Neutral	CAD 86.46M	10.40	17.74%	―	2819.70%	―
TSE:NDA	46Neutral	CAD 61.57M	-369.23	0.28%	―	-37.84%	―

* Financial Sector Average

Performance Comparison

TSE:PNP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:PNP	Pinetree Capital	10.25	-0.92	-8.24%
TSE:HODL	Sol Strategies	1.70	-2.29	-57.39%
TSE:DEFI	Defi Technologies Inc	0.83	0.00	0.00%
TSE:XAU	Goldmoney Inc (OTC)	12.25	1.14	10.26%
TSE:NDA	Neptune Digital Assets Corp.	0.48	-0.26	-35.14%
TSE:DMGI	DMG Blockchain Solutions	0.39	-0.03	-8.24%

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.

Date of analysis: Oct 31, 2026

Pinetree Capital AI Stock Analysis