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ZTEST Electronics
(ZTE)
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Rating:72Outperform
Price Target:
C$0.46
▲(2.44% Upside)
Action:Reiterated
Date:06/26/26
The score is driven primarily by improved financial performance—stronger profitability, healthier leverage, and solid ROE—tempered by small scale, uneven cash-flow conversion, and some revenue variability. Technicals are mixed (below shorter-term moving averages but above longer-term averages) and valuation looks reasonable on P/E, supporting a mid-to-high overall score.
Positive Factors
Profitability & Margins
Sustained TTM margins (net ~15%, EBIT ~20%) and ~20% ROE signal that core operations generate healthy profit per dollar of sales and equity. This durable improvement supports internal funding for R&D or capex, enhances resilience to cyclical swings, and underpins long-term cash generation.
Negative Factors
Small Revenue Scale
A modest revenue base (~C$8.8M TTM) constrains economies of scale, bargaining power, and runway for large investments. Smaller scale makes reported margins and growth more sensitive to single contracts or customer shifts, increasing structural volatility and making long-term market share gains harder without faster, sustained growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & Margins
Sustained TTM margins (net ~15%, EBIT ~20%) and ~20% ROE signal that core operations generate healthy profit per dollar of sales and equity. This durable improvement supports internal funding for R&D or capex, enhances resilience to cyclical swings, and underpins long-term cash generation.
Read all positive factors
ZTEST Electronics (ZTE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$15.88M
Dividend YieldN/A
Average Volume (3M)200.62K
Price to Earnings (P/E)11.8
Beta (1Y)0.55
Revenue Growth-1.99%
EPS Growth-2.67%
CountryCA
Employees5
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.04
Shares Outstanding36,936,703
10 Day Avg. Volume94,750
30 Day Avg. Volume200,617
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)1.75
Price to Sales (P/S)1.22
P/FCF Ratio6.47
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
ZTEST Electronics Business Overview & Revenue Model
Company Description
Operating from its Toronto, Canada headquarters, ZTEST Electronics Inc., through its Permatech Electronics Corporation subsidiary, specializes in engineering, manufacturing, and assembling printed circuit boards and various other electronic device...
ZTEST Electronics Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
83
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.82M | 8.32M | 9.76M | 5.70M | 4.42M | 4.01M |
| Gross Profit | 3.47M | 3.28M | 3.92M | 1.74M | 1.13M | 1.23M |
| EBITDA | 2.15M | 1.84M | 2.60M | 492.62K | 20.87K | 218.97K |
| Net Income | 1.34M | 1.09M | 1.75M | 165.27K | -266.88K | 45.76K |
Balance Sheet | ||||||
| Total Assets | 9.63M | 7.20M | 7.01M | 3.94M | 3.08M | 3.12M |
| Cash, Cash Equivalents and Short-Term Investments | 4.98M | 4.10M | 2.78M | 232.88K | 267.64K | 557.01K |
| Total Debt | 1.04M | 193.74K | 437.12K | 839.03K | 948.79K | 1.16M |
| Total Liabilities | 2.64M | 1.39M | 2.51M | 2.83M | 2.20M | 2.12M |
| Stockholders Equity | 6.99M | 5.81M | 4.50M | 1.11M | 883.16K | 1.00M |
Cash Flow | ||||||
| Free Cash Flow | 1.41M | 1.57M | 1.75M | 93.85K | -202.88K | -57.71K |
| Operating Cash Flow | 1.41M | 1.62M | 2.43M | 93.85K | -195.21K | 355.51K |
| Investing Cash Flow | -4.56K | -52.79K | -687.37K | 0.00 | -7.67K | -413.22K |
| Financing Cash Flow | -294.77K | -238.87K | 797.37K | -128.61K | -86.49K | 394.32K |
ZTEST Electronics Technical Analysis
Neutral
0.45
Price Trends
0.41
Positive
0.37
Positive
0.33
Positive
Market Momentum
<0.01
Positive
48.16
Neutral
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ZTE, the sentiment is Neutral. The current price of 0.45 is above the 20-day moving average (MA) of 0.45, above the 50-day MA of 0.41, and above the 200-day MA of 0.33, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.16 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ZTE.
ZTEST Electronics Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | C$54.54B | 32.13 | 50.69% | ― | 45.85% | 107.73% | |
72 Outperform | C$15.88M | 11.85 | 21.10% | ― | -1.99% | -2.67% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
49 Neutral | C$1.91B | -213.75 | -3.17% | ― | 20.56% | -142.06% | |
47 Neutral | C$9.19M | -3.11 | 57.50% | ― | 25.44% | 18.90% | |
41 Neutral | C$12.15M | -2.14 | -300.81% | ― | 38.43% | 25.00% |
* Technology Sector Average
TSE:ZTE
ZTEST Electronics
0.43
0.19
75.51%
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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.