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Star Navigation Systems (SNA) AI Stock Analysis

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TSE:SNA

Star Navigation Systems

(CNQX:SNA)

Select Model
Rating:38Underperform
Price Target:CAD 0.01â–¼(-10.00% Downside)
Action:downgraded
Date:10/30/26

The low overall score is primarily driven by extremely weak financial performance with negative equity and cash burn, compounded by unfavorable valuation metrics and bearish technical signals.

Positive Factors
Specialized Aerospace TechnologyA focused offering in aerospace and defense navigation, guidance, and control addresses specialized operational requirements rather than broad commodity demand. Sensor-based systems and software intended for challenging environments could support differentiated applications and create a foundation for long-term customer relevance.
Negative Factors
Sharp Revenue ContractionA roughly 55% year-over-year revenue decline shows that demand and commercial execution remain highly volatile. Such contraction reduces operating scale, makes fixed costs harder to absorb, and weakens the visibility needed to support investment in aerospace and defense product development.

Star Navigation Systems (SNA) vs. iShares MSCI Canada ETF (EWC)

-25%0%25%50%75%100%125%150%TSE:SNA0.00%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 16.87M
Dividend Yield
―
Average Volume (3M)
1.44M
Price to Earnings (P/E)
-8.3
Beta (1Y)
-0.79
Revenue Growth
-40.57%
EPS Growth
66.67%
Country
Canada
Employees
5
Sector
Industrials
Sector Strength
63
Industry
Aerospace & Defense

Star Navigation Systems Business Overview & Revenue Model

Company Description

Star Navigation Systems Group Ltd. is a global provider specializing in the development, distribution, and sale of in-flight safety monitoring systems (ISMS). Among its offerings is STAR-ISMS, an advanced aircraft computing unit that integrates compr...

Star Navigation Systems Financial Statement Overview

Summary

Extreme revenue volatility, deeply negative gross profit and net income, negative stockholders' equity, and persistent negative cash flows signal severe financial distress and operational challenges.

Income Statement

15Very Negative

Balance Sheet

8Very Negative

Cash Flow

12Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Sep 2025Sep 2024Sep 2023Sep 2021
Income Statement
Total Revenue44.38K44.38K74.68K127.68K58.04K25.13K
Gross Profit-72.12K-72.12K-57.62K-1.81M-1.77M-852.13K
EBITDA-3.85M-3.85M-3.72M-5.44M-5.21M-4.10M
Net Income-1.03M-1.03M-3.92M-5.82M-4.99M-4.44M
Balance Sheet
Total Assets1.29M1.29M545.34K984.46K2.50M1.19M
Cash, Cash Equivalents and Short-Term Investments877.51K877.51K0152.94K1.05M-966.60K
Total Debt535.25K535.25K831.59K869.56K1.26M1.43M
Total Liabilities5.70M5.70M6.57M4.22M3.04M3.86M
Stockholders Equity-4.41M-4.41M-6.03M-3.23M-540.08K-2.68M
Cash Flow
Free Cash Flow-1.01M-1.01M-177.28K-1.59M-3.07M-2.48M
Operating Cash Flow-1.01M-1.01M-177.28K-1.59M-2.95M-2.47M
Investing Cash Flow0000-123.75K-71.05K
Financing Cash Flow1.97M1.97M-59.60K697.86K4.12M2.19M

Star Navigation Systems Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

TSE:SNA against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TSE:FTGTSE:FTG79OutperformCAD 820.65M36.6321.62%―17.40%56.91%
TSE:MALTSE:MAL70OutperformCAD 1.90B31.717.11%0.60%15.36%57.18%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
TSE:MDATSE:MDA56NeutralCAD 6.16B46.916.60%―38.30%-13.39%
TSE:DPROTSE:DPRO42NeutralCAD 189.84M-4.49-27.52%―26.30%55.00%
TSE:DFSCTSE:DFSC38UnderperformCAD 4.50M-0.15-143.89%―82.19%90.16%
TSE:SNATSE:SNA38UnderperformCAD 16.87M-8.3319.36%―-40.57%66.67%

* Industrials Sector Average

Performance Comparison

0%100%200%TSE:SNATSE:FTGTSE:MALTSE:DPROTSE:DFSCTSE:MDADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:SNA and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:SNAStar Navigation Systems0.010.000.00%
TSE:FTGFiran Tech32.6021.50193.69%
TSE:MALMagellan Aerospace33.3016.0593.04%
TSE:DPRODraganfly Inc4.85-8.73-64.29%
TSE:DFSCDEFSEC Technologies Inc.0.98-4.57-82.34%
TSE:MDAMDA Space Ltd.38.0010.6038.69%

Star Navigation Systems Corporate Events

Business Operations and Strategy

Star Navigation inks Saudi partnership to localize aviation tech and share profits

Positive
Sep 8, 2026

Star Navigation Systems Group Ltd. has signed a strategic regional partnership to commercialize, manufacture and support its aviation technologies in Saudi Arabia through a new special purpose company to be incorporated there. The agreement grants ex...

Business Operations and StrategyProduct-Related Announcements

Star Navigation Joins Aero Intelligence and TMU in Sustainable Aviation Tech Partnership

Positive
Aug 24, 2026

Star Navigation Systems Group Ltd., a Canadian aerospace technology firm, supplies real-time aircraft data and safety monitoring systems under its STAR-ISMS and STAR-A.D.S. platforms, alongside specialized flight deck displays for military and commer...

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 30, 2026