company background image

BluMetric Environmental TSXV:BLM Stock Report

Last Price


Market Cap







13 Aug, 2022


Company Financials
BLM fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance2/6
Financial Health6/6

BLM Stock Overview

BluMetric Environmental Inc. provides solution-oriented consultation, design, products, and construction services to clients with environmental issues in Canada and internationally.

BluMetric Environmental Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BluMetric Environmental
Historical stock prices
Current Share PriceCA$0.35
52 Week HighCA$0.92
52 Week LowCA$0.30
1 Month Change9.38%
3 Month Change-13.58%
1 Year Change-46.97%
3 Year Change66.67%
5 Year Change45.83%
Change since IPO0%

Recent News & Updates

Dec 03
BluMetric Environmental (CVE:BLM) Has A Rock Solid Balance Sheet

BluMetric Environmental (CVE:BLM) Has A Rock Solid Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Jul 30
Is BluMetric Environmental (CVE:BLM) A Risky Investment?

Is BluMetric Environmental (CVE:BLM) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

BLMCA Commercial ServicesCA Market

Return vs Industry: BLM underperformed the Canadian Commercial Services industry which returned -21.1% over the past year.

Return vs Market: BLM underperformed the Canadian Market which returned 0.7% over the past year.

Price Volatility

Is BLM's price volatile compared to industry and market?
BLM volatility
BLM Average Weekly Movement14.6%
Commercial Services Industry Average Movement7.9%
Market Average Movement10.6%
10% most volatile stocks in CA Market18.9%
10% least volatile stocks in CA Market4.3%

Stable Share Price: BLM is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: BLM's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

n/a170Scott MacFabe

BluMetric Environmental Inc. provides solution-oriented consultation, design, products, and construction services to clients with environmental issues in Canada and internationally. The company offers professional services in the fields of environmental geosciences and engineering, industrial hygiene, occupational health and safety, renewable energy, water and waste water treatment, and environmental contracting and management. Its professional services include environmental permitting and compliance, environmental reporting, environmental site assessments, geomatics and data management, industrial hygiene, management systems, physical hydrogeology and clean water, property assessments and environmental due diligence, waste management, and waterpower and hydraulic structures, as well as occupational health, and safety and ergonomics.

BluMetric Environmental Fundamentals Summary

How do BluMetric Environmental's earnings and revenue compare to its market cap?
BLM fundamental statistics
Market CapCA$10.32m
Earnings (TTM)CA$2.79m
Revenue (TTM)CA$34.22m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BLM income statement (TTM)
Cost of RevenueCA$25.83m
Gross ProfitCA$8.39m
Other ExpensesCA$5.59m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)0.095
Gross Margin24.50%
Net Profit Margin8.16%
Debt/Equity Ratio14.5%

How did BLM perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is BLM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BLM?

Other financial metrics that can be useful for relative valuation.

BLM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA2.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does BLM's PE Ratio compare to its peers?

BLM PE Ratio vs Peers
The above table shows the PE ratio for BLM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32.5x
BRM BioRem
VTX Vertex Resource Group
KUT RediShred Capital
BLM BluMetric Environmental

Price-To-Earnings vs Peers: BLM is good value based on its Price-To-Earnings Ratio (3.7x) compared to the peer average (32.5x).

Price to Earnings Ratio vs Industry

How does BLM's PE Ratio compare vs other companies in the North American Commercial Services Industry?

Price-To-Earnings vs Industry: BLM is good value based on its Price-To-Earnings Ratio (3.7x) compared to the Canadian Commercial Services industry average (19.1x)

Price to Earnings Ratio vs Fair Ratio

What is BLM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BLM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BLM's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of BLM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BLM (CA$0.35) is trading above our estimate of fair value (CA$0)

Significantly Below Fair Value: BLM is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Future Growth

How is BluMetric Environmental forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Commercial Services industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BluMetric Environmental has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Discover growth companies

  • Examine BluMetric Environmental's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • BluMetric Environmental competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has BluMetric Environmental performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BLM has a high level of non-cash earnings.

Growing Profit Margin: BLM's current net profit margins (8.2%) are lower than last year (10.6%).

Past Earnings Growth Analysis

Earnings Trend: BLM's earnings have grown significantly by 29.9% per year over the past 5 years.

Accelerating Growth: BLM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BLM had negative earnings growth (-23.5%) over the past year, making it difficult to compare to the Commercial Services industry average (-25.9%).

Return on Equity

High ROE: BLM's Return on Equity (25.8%) is considered high.

Discover strong past performing companies

Financial Health

How is BluMetric Environmental's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BLM's short term assets (CA$15.2M) exceed its short term liabilities (CA$4.6M).

Long Term Liabilities: BLM's short term assets (CA$15.2M) exceed its long term liabilities (CA$1.3M).

Debt to Equity History and Analysis

Debt Level: BLM has more cash than its total debt.

Reducing Debt: BLM's debt to equity ratio has reduced from 232.5% to 14.5% over the past 5 years.

Debt Coverage: BLM's debt is well covered by operating cash flow (77%).

Interest Coverage: BLM's interest payments on its debt are well covered by EBIT (33.1x coverage).

Balance Sheet

Discover healthy companies


What is BluMetric Environmental current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate BLM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BLM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BLM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BLM's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BLM has not reported any payouts.

Discover strong dividend paying companies


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Scott MacFabe





Mr. Scott Andrew MacFabe, PHg, PG, serves as Chief Executive Officer at BluMetric Environmental Inc. since March 1, 2018 and Director since March 28, 2018. He served as CEO, President/COO of Industrial and...

CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD220.80K) is about average for companies of similar size in the Canadian market ($USD186.79K).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: BLM's management team is considered experienced (4.4 years average tenure).

Board Members

Experienced Board: BLM's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

BluMetric Environmental Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: BluMetric Environmental Inc.
  • Ticker: BLM
  • Exchange: TSXV
  • Founded: NaN
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Implied Market Cap: CA$10.316m
  • Shares outstanding: 29.48m
  • Website:

Number of Employees


  • BluMetric Environmental Inc.
  • 1682 Woodward Drive
  • Ottawa
  • Ontario
  • K2C 3R8
  • Canada


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 00:00
Annual Earnings2021/09/30

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.