Added to YB: 2026-09-30
Pitch date: 2026-09-25
PLAN.V [bullish]
Progressive Planet Solutions Inc.
-10.14%
current return
Author Info
No bio for this author
Company Info
Progressive Planet Solutions Inc., together with its subsidiaries, engages in the acquisition and exploration of mineral properties in Canada and the United States.
Market Cap
CAD 37.9M
Pitch Price
CAD 0.34
Price Target
0.26 (-16%)
Dividend
N/A
EV/EBITDA
15.55
P/E
68.31
EV/Sales
1.74
Sector
Metals and Mining
Category
growth
Strong core business growth and a potentially meaningful PozGlass catalyst provide a path for further expansion, but execution and commercialization remain key to the long-term outlook.
PLAN.V (hold): Progressive Planet’s profitable mineral-products core grew FY26 revenue 18.9% to $23.2M, while Q1 FY27 revenue rose 23% to a record $7.3M. Gross margin compressed to 34%, mainly because of higher trucking and diesel costs according to management. A 1.3x core-revenue valuation implies about $0.26 per share, near the market price, while effectively assigning PozGlass no value. CRH’s US$2.1B Eco Material deal supports strategic potential, but PozGlass remains pre-revenue and speculative, with schedule slippage, customer concentration and low liquidity adding risk.
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