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NEXE Innovations TSXV:NEXE Stock Report

Last Price


Market Cap







24 Jun, 2022


Company Financials
NEXE fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health4/6

NEXE Stock Overview

NEXE Innovations Inc. designs, develops, manufactures, and sells plant-based single-serve coffee pods for use in single-serve coffee machines.

NEXE Innovations Competitors













Price History & Performance

Summary of all time highs, changes and price drops for NEXE Innovations
Historical stock prices
Current Share PriceCA$0.30
52 Week HighCA$1.32
52 Week LowCA$0.25
1 Month Change-16.67%
3 Month Change-41.18%
1 Year Change-75.61%
3 Year Changen/a
5 Year Changen/a
Change since IPO-80.65%

Recent News & Updates

Shareholder Returns

NEXECA PackagingCA Market

Return vs Industry: NEXE underperformed the Canadian Packaging industry which returned -12.6% over the past year.

Return vs Market: NEXE underperformed the Canadian Market which returned -5.7% over the past year.

Price Volatility

Is NEXE's price volatile compared to industry and market?
NEXE volatility
NEXE Average Weekly Movement11.0%
Packaging Industry Average Movement4.8%
Market Average Movement9.9%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market4.3%

Stable Share Price: NEXE is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: NEXE's weekly volatility (11%) has been stable over the past year.

About the Company

2015n/aDarren Footz

NEXE Innovations Inc. designs, develops, manufactures, and sells plant-based single-serve coffee pods for use in single-serve coffee machines. The company was founded in 2015 and is headquartered in Surrey, Canada.

NEXE Innovations Fundamentals Summary

How do NEXE Innovations's earnings and revenue compare to its market cap?
NEXE fundamental statistics
Market CapCA$29.05m
Earnings (TTM)-CA$14.85m
Revenue (TTM)n/a


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NEXE income statement (TTM)
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$14.85m

Last Reported Earnings

Feb 28, 2022

Next Earnings Date


Earnings per share (EPS)-0.15
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio2.8%

How did NEXE perform over the long term?

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


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

Valuation Score


Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

NEXE 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does NEXE's PB Ratio compare to its peers?

NEXE PB Ratio vs Peers
The above table shows the PB ratio for NEXE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average6.7x

Price-To-Book vs Peers: NEXE is good value based on its Price-To-Book Ratio (0.6x) compared to the peer average (6.7x).

Price to Earnings Ratio vs Industry

How does NEXE's PE Ratio compare vs other companies in the Packaging Industry?

Price-To-Book vs Industry: NEXE is good value based on its Price-To-Book Ratio (0.6x) compared to the Canadian Packaging industry average (1.6x)

Price to Book Ratio vs Fair Ratio

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

NEXE PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.6x
Fair PB Ration/a

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

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate NEXE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NEXE's fair value for valuation analysis.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NEXE's PEG Ratio to determine if it is good value.

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Future Growth

How is NEXE Innovations 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 Materials 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 NEXE Innovations 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.

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  • Examine NEXE Innovations'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.
  • NEXE Innovations competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has NEXE Innovations performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Last years earnings growth

Earnings and Revenue History

Quality Earnings: NEXE is currently unprofitable.

Growing Profit Margin: NEXE is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NEXE's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare NEXE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NEXE is unprofitable, making it difficult to compare its past year earnings growth to the Packaging industry (5.1%).

Return on Equity

High ROE: NEXE has a negative Return on Equity (-31.65%), as it is currently unprofitable.

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Financial Health

How is NEXE Innovations's financial position?

Financial Health Score


Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: NEXE's short term assets (CA$39.7M) exceed its short term liabilities (CA$2.2M).

Long Term Liabilities: NEXE's short term assets (CA$39.7M) exceed its long term liabilities (CA$1.7M).

Debt to Equity History and Analysis

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

Reducing Debt: Insufficient data to determine if NEXE's debt to equity ratio has reduced over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NEXE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: NEXE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 82.7% each year

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What is NEXE Innovations's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate NEXE'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 NEXE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NEXE'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 NEXE has not reported any payouts.

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


Average board tenure


Darren Footz





Mr. Darren Footz serves as the Chief Executive Officer and Director of NEXE Innovations Inc. (formerly Whatcom Capital Corp.) since December 2020. A serial entrepreneur, Mr. Footz is the past President of...

CEO Compensation Analysis

Compensation vs Market: Darren's total compensation ($USD442.14K) is above average for companies of similar size in the Canadian market ($USD175.39K).

Compensation vs Earnings: Darren's compensation has increased whilst the company is unprofitable.

Board Members

Experienced Board: NEXE's board of directors are not considered experienced ( 1.5 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: NEXE 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

NEXE Innovations Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: NEXE Innovations Inc.
  • Ticker: NEXE
  • Exchange: TSXV
  • Founded: 2015
  • Industry: Paper Packaging
  • Sector: Materials
  • Implied Market Cap: CA$29.052m
  • Shares outstanding: 96.84m
  • Website:


  • NEXE Innovations Inc.
  • 109-19353 22 Avenue
  • Surrey
  • British Columbia
  • V3Z 3S6
  • Canada


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Annual Earnings2021/05/31

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.