# NanoXplore Inc. (GRA.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Basic Materials / Chemicals. Price C$1.30, market value C$236 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). NanoXplore Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 2.1×**. Each dollar of revenue is priced at 2.1×.
- **Price / book: 2.1×**. The shares trade at 2.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 128.2×**. Enterprise value is 128.2× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -11.0%** (5-yr avg -1.5%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 14.2%**. NanoXplore Inc. keeps 14.2% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -10.3%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -10.3%**. The company reported a net loss over the last twelve months.
- **Return on equity: -10.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -7.9%**. Return on all capital, debt included, is -7.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -6.3%**. Each dollar of assets produces -6.3% of profit.

## Growth
- **Revenue growth (1 yr): -9.0%** (3-yr -2.1%/yr). Revenue fell 9.0% over the last year.

## Financial health
- **Debt to equity: 0.43**. Debt is 0.43 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 11.6×**. It would take 11.6 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: -4.6×**. Operating profit covers interest only -4.6×: fragile.
- **Current ratio: 2.58** (quick 2.02). Current assets cover the next year's liabilities 2.58 times.
- **Altman Z-score: 3.43**. A Z-score of 3.43 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. NanoXplore Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -46.0%** (YTD -50.0%, 3-mo -19.5%). The shares are down 46.0% over twelve months including dividends.
- **From 52-week high: -54.5%** (22.6% above the low). Trading 54% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 47**. An RSI of 47 is neutral.
- **Beta (1 yr): 1.09** (volatility 46%). Beta of 1.09 against the S&P/TSX Composite: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=GRA.TO · Page: https://foliofundamentals.com/stocks/gra.to

Not investment advice.