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ZTEST Electronics
(ZTE)
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Rating:69Neutral
Price Target:
C$0.44
▼(-1.56% Downside)
Action:Downgraded
Date:10/08/26
The score is primarily supported by strong financial performance (improved profitability, stronger equity base, and solid recent free cash flow). This is tempered by mixed technicals (negative MACD, sub-50 RSI, and price below short-term moving averages) and some fundamental watch-outs (post-2024 earnings softness and higher 2026 debt). Valuation is a secondary positive, with a modest P/E supporting the overall result.
Positive Factors
Improved profitability
The shift from losses and low margins to solid earnings across 2024–2026 indicates a meaningful improvement in operating performance. If maintained, stronger profitability can support reinvestment, strengthen resilience, and provide a more durable earnings base over the next several quarters.
Negative Factors
Choppy revenue and profit trend
The uneven revenue path and decline in profits from the 2024 peak indicate that recent growth has not been consistently sustained. Possible margin compression or less favorable mix could limit earnings visibility and make it harder for the company to compound results steadily.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability
The shift from losses and low margins to solid earnings across 2024–2026 indicates a meaningful improvement in operating performance. If maintained, stronger profitability can support reinvestment, strengthen resilience, and provide a more durable earnings base over the next several quarters.
Read all positive factors
ZTEST Electronics (ZTE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$15.44M
Dividend YieldN/A
Average Volume (3M)82.46K
Price to Earnings (P/E)13.7
Beta (1Y)0.66
Revenue Growth10.58%
EPS Growth6.76%
CountryCA
Employees5
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.03
Shares Outstanding37,209,700
10 Day Avg. Volume101,349
30 Day Avg. Volume82,458
Financial Highlights & Ratios
PEG Ratio1.59
Price to Book (P/B)1.74
Price to Sales (P/S)1.36
P/FCF Ratio8.04
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
82
Very Positive
Cash Flow
80
Positive
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.20M | 8.32M | 9.76M | 5.70M | 4.42M |
| Gross Profit | 3.78M | 3.28M | 3.92M | 1.74M | 1.13M |
| EBITDA | 1.87M | 1.84M | 2.60M | 492.62K | 20.87K |
| Net Income | 1.16M | 1.09M | 1.75M | 165.27K | -266.88K |
Balance Sheet | |||||
| Total Assets | 9.64M | 7.20M | 7.01M | 3.94M | 3.08M |
| Cash, Cash Equivalents and Short-Term Investments | 5.46M | 4.10M | 2.78M | 232.88K | 267.64K |
| Total Debt | 998.11K | 193.74K | 437.12K | 839.03K | 948.79K |
| Total Liabilities | 2.45M | 1.39M | 2.51M | 2.83M | 2.20M |
| Stockholders Equity | 7.19M | 5.81M | 4.50M | 1.11M | 883.16K |
Cash Flow | |||||
| Free Cash Flow | 1.56M | 1.57M | 1.75M | 93.85K | -202.88K |
| Operating Cash Flow | 1.57M | 1.62M | 2.43M | 93.85K | -195.21K |
| Investing Cash Flow | -6.38K | -52.79K | -687.37K | 0.00 | -7.67K |
| Financing Cash Flow | -199.16K | -238.87K | 797.37K | -128.61K | -86.49K |
ZTEST Electronics Technical Analysis
Positive
0.45
Price Trends
0.43
Negative
0.39
Positive
0.35
Positive
Market Momentum
>-0.01
Positive
48.03
Neutral
59.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ZTE, the sentiment is Positive. The current price of 0.45 is above the 20-day moving average (MA) of 0.42, above the 50-day MA of 0.43, and above the 200-day MA of 0.35, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.03 is Neutral, neither overbought nor oversold. The STOCH value of 59.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | C$63.89B | 37.59 | 50.64% | ― | 45.85% | 107.73% | |
69 Neutral | C$15.44M | 13.65 | 17.37% | ― | 10.58% | 6.76% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
49 Neutral | C$1.75B | -186.67 | -3.17% | ― | 20.56% | -142.06% | |
47 Neutral | C$9.19M | -3.11 | 57.50% | ― | 25.44% | 18.90% | |
41 Neutral | C$9.87M | -1.42 | -300.81% | ― | 38.43% | 25.00% |
* Technology Sector Average
TSE:ZTE
ZTEST Electronics
0.42
0.13
43.10%
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ZTEST Electronics Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
ZTEST Electronics posts double-digit revenue growth and bolsters balance sheet amid leadership transition
Positive
Oct 6, 2026
ZTEST Electronics reported fiscal 2026 revenue of $9.2 million, up 10.6% year over year, with net income rising 6.8% to $1.16 million and gross margin improving to 43.1%. EBITDA increased 7.8%, operating cash flow remained solid, and the company e...
Business Operations and StrategyExecutive/Board Changes
ZTEST Electronics Grants Performance-Tied Stock Options to CEO and Board
Positive
Aug 24, 2026
ZTEST Electronics Inc. has approved the grant of 1,200,000 incentive stock options to President and CEO Dave Barnett and the company’s four other directors under its stock option plan. Barnett’s award includes 600,000 options at an exe...
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.