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MIDWEST ENERGY EMISSIONS COR (MEEC.CA) Stock Fundamental Analysis

TSX-V:MEEC - TSX Venture Exchange - US59833H1014 - Common Stock - Currency: CAD

0.9  -0.05 (-5.26%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to MEEC. MEEC was compared to 30 industry peers in the Commercial Services & Supplies industry. The financial health of MEEC is average, but there are quite some concerns on its profitability. MEEC is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year MEEC has reported negative net income.
In the past year MEEC had a positive cash flow from operations.
MEEC had negative earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: MEEC reported negative operating cash flow in multiple years.
MEEC.CA Yearly Net Income VS EBIT VS OCF VS FCFMEEC.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10M -10M

1.2 Ratios

MEEC has a worse Return On Assets (-4.10%) than 64.29% of its industry peers.
Looking at the Return On Equity, with a value of -27.11%, MEEC is doing worse than 67.86% of the companies in the same industry.
Industry RankSector Rank
ROA -4.1%
ROE -27.11%
ROIC N/A
ROA(3y)-13.36%
ROA(5y)-36.97%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MEEC.CA Yearly ROA, ROE, ROICMEEC.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200 -200 400 -400 -600

1.3 Margins

MEEC has a Gross Margin of 32.69%. This is in the better half of the industry: MEEC outperforms 60.71% of its industry peers.
In the last couple of years the Gross Margin of MEEC has grown nicely.
The Profit Margin and Operating Margin are not available for MEEC so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 32.69%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.2%
GM growth 5Y4.65%
MEEC.CA Yearly Profit, Operating, Gross MarginsMEEC.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -50 -100

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5

2. Health

2.1 Basic Checks

MEEC does not have a ROIC to compare to the WACC, probably because it is not profitable.
MEEC has more shares outstanding than it did 1 year ago.
The number of shares outstanding for MEEC has been increased compared to 5 years ago.
Compared to 1 year ago, MEEC has an improved debt to assets ratio.
MEEC.CA Yearly Shares OutstandingMEEC.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M
MEEC.CA Yearly Total Debt VS Total AssetsMEEC.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M

2.2 Solvency

Based on the Altman-Z score of -5.11, we must say that MEEC is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -5.11, MEEC is not doing good in the industry: 89.29% of the companies in the same industry are doing better.
There is no outstanding debt for MEEC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.2
Altman-Z -5.11
ROIC/WACCN/A
WACC7.61%
MEEC.CA Yearly LT Debt VS Equity VS FCFMEEC.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10M -10M

2.3 Liquidity

MEEC has a Current Ratio of 1.74. This is a normal value and indicates that MEEC is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.74, MEEC is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
A Quick Ratio of 1.59 indicates that MEEC should not have too much problems paying its short term obligations.
The Quick ratio of MEEC (1.59) is better than 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.74
Quick Ratio 1.59
MEEC.CA Yearly Current Assets VS Current LiabilitesMEEC.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M

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1

3. Growth

3.1 Past

MEEC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 36.40%, which is quite impressive.
MEEC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.50%.
MEEC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.84% yearly.
EPS 1Y (TTM)36.4%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-551.9%
Revenue 1Y (TTM)-12.5%
Revenue growth 3Y30.03%
Revenue growth 5Y7.84%
Sales Q2Q%-18.25%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y-25%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year41.58%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
MEEC.CA Yearly Revenue VS EstimatesMEEC.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
MEEC.CA Yearly EPS VS EstimatesMEEC.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2018 2020 2021 2022 2023 2024 0 -0.1 -0.2 -0.3

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2

4. Valuation

4.1 Price/Earnings Ratio

MEEC reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 21.00, which indicates a rather expensive current valuation of MEEC.
Based on the Price/Forward Earnings ratio, MEEC is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
MEEC's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.13.
Industry RankSector Rank
PE N/A
Fwd PE 21
MEEC.CA Price Earnings VS Forward Price EarningsMEEC.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of MEEC indicates a rather cheap valuation: MEEC is cheaper than 96.43% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 3.91
EV/EBITDA N/A
MEEC.CA Per share dataMEEC.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.05 0.1 0.15 0.2 0.25

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

MEEC does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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MIDWEST ENERGY EMISSIONS COR

TSX-V:MEEC (11/22/2024, 7:00:00 PM)

0.9

-0.05 (-5.26%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)11-11 2024-11-11/amc
Earnings (Next)N/A N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap86.56M
Analysts82.86
Price Target1.47 (63.33%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 21
P/S 3.48
P/FCF 3.91
P/OCF 3.89
P/B 27.67
P/tB 97.89
EV/EBITDA N/A
EPS(TTM)-0.03
EYN/A
EPS(NY)0.04
Fwd EY4.76%
FCF(TTM)0.23
FCFY25.58%
OCF(TTM)0.23
OCFY25.69%
SpS0.26
BVpS0.03
TBVpS0.01
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -4.1%
ROE -27.11%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 32.69%
FCFM 89.12%
ROA(3y)-13.36%
ROA(5y)-36.97%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.2%
GM growth 5Y4.65%
F-Score6
Asset Turnover1.2
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.2
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.74
Quick Ratio 1.59
Altman-Z -5.11
F-Score6
WACC7.61%
ROIC/WACCN/A
Cap/Depr(3y)2.82%
Cap/Depr(5y)N/A
Cap/Sales(3y)0.04%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)36.4%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-551.9%
EPS Next Y-25%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-12.5%
Revenue growth 3Y30.03%
Revenue growth 5Y7.84%
Sales Q2Q%-18.25%
Revenue Next Year41.58%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-12769.5%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1205.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1217.85%
OCF growth 3YN/A
OCF growth 5YN/A