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

Canada - TSX Venture Exchange - TSX-V:MEEC - US59833H1014 - Common Stock

0.9 CAD
-0.05 (-5.26%)
Last: 11/22/2024, 7:00:00 PM
Fundamental Rating

3

Overall MEEC gets a fundamental rating of 3 out of 10. We evaluated MEEC against 24 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

2

1. Profitability

1.1 Basic Checks

MEEC had negative earnings in the past year.
MEEC had a positive operating cash flow in the past year.
MEEC had negative earnings in 4 of the past 5 years.
In multiple years MEEC reported negative operating cash flow during the last 5 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

The Return On Assets of MEEC (-4.10%) is worse 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

Looking at the Gross Margin, with a value of 32.69%, MEEC is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
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

5

2. Health

2.1 Basic Checks

MEEC does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, MEEC has more shares outstanding
The number of shares outstanding for MEEC has been increased compared to 5 years ago.
MEEC has a better debt/assets ratio than last year.
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

MEEC has an Altman-Z score of -5.11. This is a bad value and indicates that MEEC is not financially healthy and even has some risk of bankruptcy.
MEEC has a Altman-Z score of -5.11. This is amonst the worse of the industry: MEEC underperforms 89.29% of its industry peers.
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.
The Current ratio of MEEC (1.74) is better than 71.43% of its industry peers.
A Quick Ratio of 1.59 indicates that MEEC should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.59, MEEC is doing good in the industry, outperforming 75.00% of the companies in the same industry.
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

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.
Looking at the last year, MEEC shows a very negative growth in Revenue. The Revenue has decreased by -12.50% in the last year.
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

2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for MEEC. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 21.00, the valuation of MEEC can be described as rather expensive.
MEEC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MEEC is cheaper than 71.43% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.46, MEEC is valued at the same level.
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

96.43% of the companies in the same industry are more expensive than MEEC, based on the Price/Free Cash Flow ratio.
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

0

5. Dividend

5.1 Amount

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

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
Revenue(TTM)17.74M
Net Income(TTM)-605.34K
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
Graham NumberN/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
ROICexgc growth 3YN/A
ROICexgc 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

MIDWEST ENERGY EMISSIONS COR / MEEC.CA FAQ

What is the fundamental rating for MEEC stock?

ChartMill assigns a fundamental rating of 3 / 10 to MEEC.CA.


What is the valuation status for MEEC stock?

ChartMill assigns a valuation rating of 2 / 10 to MIDWEST ENERGY EMISSIONS COR (MEEC.CA). This can be considered as Overvalued.


What is the profitability of MEEC stock?

MIDWEST ENERGY EMISSIONS COR (MEEC.CA) has a profitability rating of 2 / 10.


Can you provide the expected EPS growth for MEEC stock?

The Earnings per Share (EPS) of MIDWEST ENERGY EMISSIONS COR (MEEC.CA) is expected to decline by -25% in the next year.