Basic Materials · Other Precious Metals
Price
$0.49
Market Cap
$52.7M
Employees
18
Beta
0.47
Avg Volume
153,756
CEO
Mohammed Jiwan
Business Description
Zentek Ltd., together with its subsidiaries, engages in the research and development of graphene and related nanomaterials in Canada. The company develops graphene-based antimicrobial coatings under the ZenGUARD brand, surgical masks, HVAC filters, personal protective equipment, rapid detection point of care diagnostics tests, and pharmaceutical products based on graphene-based compounds. It also developing aptamers and rapid detection; and graphene oxide synthesis and graphene synthesis products. In addition, the company owns a 100% interest in the Albany graphite project located in Northern Ontario, Canada. The company was formerly known as ZEN Graphene Solutions Ltd. and changed its name to Zentek Ltd. in October 2021. Zentek Ltd. was incorporated in 2008 and is headquartered in Guelph, Canada.
Business History
Price Overview
Last updated: Jun 27, 2026 7:14am (just now)$0.49
+0.10 (+25.56%)
Day Range
$0.38 – $0.53
52-Week Range
$0.37 – $1.34
50-Day MA
$0.56
200-Day MA
$0.69
Volume
2,095,344.00
Share Structure
Outstanding
107,544,000.00
Float
102,230,250.00
Free Float
95.1%
High free float
— 95.1% of shares trade freely, ~4.9% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-4.90
Stock Price: $0.49
EPS (Diluted): -0.10
EPS (Diluted): -0.10
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
7.92
Stock Price: $0.49
Total Equity: $14.75M
Shares: 102,977,860
Total Equity: $14.75M
Shares: 102,977,860
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-9.73
Market Cap: $52.66M
Total Debt: $346,747
Cash: $121,481
EBITDA: -$9.35M
Total Debt: $346,747
Cash: $121,481
EBITDA: -$9.35M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$78.4M
Market Cap: $52.66M
Total Debt: $346,747
Cash: $121,481
Total Debt: $346,747
Cash: $121,481
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
467.27
Stock Price: $0.49
Revenue: $872,495
Shares: 102,977,860
Revenue: $872,495
Shares: 102,977,860
EV/Sales (Total value vs revenue — works when P/E can't)
API470.94
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
-3,785.5%
Gross Profit: $192,485
Revenue: $872,495
Revenue: $872,495
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-6,521.7%
Operating Income: -$9.60M
Revenue: $872,495
Revenue: $872,495
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-5,882.6%
Net Income: -$10.04M
Revenue: $872,495
Revenue: $872,495
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-61.3%
Net Income: -$10.04M
Total Equity: $14.75M
Total Equity: $14.75M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-61.5%
Operating Income: -$9.60M
Tax Rate: 0.0%
Equity: $14.75M
Total Debt: $346,747
Cash: $121,481
Tax Rate: 0.0%
Equity: $14.75M
Total Debt: $346,747
Cash: $121,481
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.64
Current Assets: $4.37M
Current Liabilities: $3.49M
Current Liabilities: $3.49M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.02
Short-Term Debt: $346,747
Long-Term Debt: $0.00
Total Debt: $346,747
Total Equity: $14.75M
Long-Term Debt: $0.00
Total Debt: $346,747
Total Equity: $14.75M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.01
Revenue: $872,495
Shares: 102,977,860
Shares: 102,977,860
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$0.14
Total Equity: $14.75M
Shares: 102,977,860
Shares: 102,977,860
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.06
Operating CF: -$6.28M
CapEx: -$1,398
Shares: 102,977,860
CapEx: -$1,398
Shares: 102,977,860
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $0.49
Stock Price: $0.49
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$10.04M
Net Income: -$10.04M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ZTEK against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 25, 2026 3:01pm (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2,355 | $339,666 | $72,855 | $29,816 | $872,495 |
| Cost of Revenue | $196,028 | $376,787 | $853,336 | $331,080 | $680,010 |
| Gross Profit | $-193,673 | $-37,121 | $-780,481 | $-301,264 | $192,485 |
| Operating Expenses | $4.1M | $12.5M | $13.9M | $11.7M | $9.8M |
| Operating Income | -$4.3M | -$12.6M | -$14.7M | -$12.0M | -$9.6M |
| Net Income | -$3.9M | -$31.7M | -$14.4M | -$11.7M | -$10.0M |
| EBITDA | -$4.0M | -$31.0M | -$13.8M | -$11.1M | -$9.3M |
| EPS | $-0.05 | $-0.42 | $-0.14 | $-0.12 | $-0.10 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 25, 2026 3:01pm (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $3.1M | $21.2M | $10.4M | $384,912 | $121,481 |
| Total Current Assets | $3.4M | $25.5M | $18.0M | $4.6M | $4.4M |
| Total Assets | $30.3M | $36.0M | $33.3M | $16.7M | $18.4M |
| Current Liabilities | $2.5M | $1.8M | $2.4M | $1.3M | $3.5M |
| Long-Term Debt | $0 | $797,657 | $0 | $191,277 | $0 |
| Total Liabilities | $2.8M | $2.7M | $2.9M | $1.8M | $3.6M |
| Total Equity | $27.5M | $33.2M | $30.4M | $14.9M | $14.7M |
| Retained Earnings | -$20.5M | -$41.7M | -$66.2M | -$56.6M | -$83.9M |
Cash Flow (Annual)
Last updated: Jun 25, 2026 3:01pm (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$1.8M | -$8.0M | -$13.0M | -$5.9M | -$6.3M |
| Capital Expenditure | $-254,282 | -$4.0M | -$2.3M | $-236,298 | $-1,398 |
| Free Cash Flow | -$2.0M | -$12.0M | -$15.2M | -$6.2M | -$6.3M |
| Acquisitions (net) | $0 | $0 | $0 | $7,382 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $-301,815 | $0 |
| Net Change in Cash | $2.3M | $23.6M | -$16.3M | $268,592 | -$3.4M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 8:08pm (11h ago)| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue |
$998,579 $998,579 – $998,579
|
$3.5M $3.5M – $3.5M
|
$14.0M $14.0M – $14.0M
|
| EBITDA |
$-998,579 $-998,579 – $-998,579
|
-$3.5M -$3.5M – -$3.5M
|
-$14.0M -$14.0M – -$14.0M
|
| Net Income |
-$10.3M -$10.3M – -$10.3M
|
-$15.4M -$15.4M – -$15.4M
|
-$10.3M -$10.3M – -$10.3M
|
| EPS | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 25, 2026 3:01pm (1d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +14,323.2% | -78.6% | -59.1% | +2,826.3% |
| Gross Profit Growth | +80.8% | -2,002.5% | +61.4% | +163.9% |
| Operating Income Growth | -191.2% | -16.6% | +18.3% | +19.9% |
| Net Income Growth | -719.3% | +54.5% | +18.8% | +14.2% |
| EBITDA Growth | -674.7% | +55.7% | +19.4% | +15.7% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for ZTEK — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30