Ori­gi­nal-Re­se­arch: dy­na­CERT Inc. – by GBC AG

25.03.2025 / 08:01 CET/CEST
Dis­se­mi­na­ti­on of a Re­se­arch, trans­mit­ted by EQS News – a ser­vice of EQS Group.
The is­suer is so­le­ly re­spon­si­ble for the con­tent of this re­se­arch. The re­sult of this re­se­arch does not con­sti­tu­te in­vest­ment ad­vice or an in­vi­ta­ti­on to con­clude cer­tain stock ex­ch­an­ge tran­sac­tions.

Clas­si­fi­ca­ti­on of GBC AG to dy­na­CERT Inc.

Com­pa­ny Name: dy­na­CERT Inc.
ISIN: CA26780A1084
Re­ason for the re­se­arch: Re­se­arch Re­port (In­iti­al Co­vera­ge)
Re­com­men­da­ti­on: BUY
Tar­get pri­ce: 0.75 CAD
Tar­get pri­ce on sight of: 31.12.2025
Last ra­ting ch­an­ge:
Ana­lyst: Mat­thi­as Greif­fen­ber­ger, Mar­cel Gold­mann

Sca­ling Clean Tech Op­por­tu­ni­ties

dy­na­CERT Inc. is a Ca­na­di­an cle­an­tech firm de­di­ca­ted to de­ve­lo­ping in­no­va­ti­ve emis­si­on-re­duc­tion tech­no­lo­gies, spe­ci­fi­cal­ly tar­ge­ting in­ter­nal com­bus­ti­on en­gi­nes. The company’s pri­ma­ry tech­no­lo­gy, Hy­d­ra­GEN™, le­ver­a­ges a pro­prie­ta­ry elec­tro­ly­sis pro­cess to pro­du­ce on-de­mand hy­dro­gen and oxy­gen ga­ses, enhan­cing com­bus­ti­on ef­fi­ci­en­cy, im­pro­ving fuel eco­no­my, and si­gni­fi­cant­ly re­du­cing green­house gas emis­si­ons. dy­na­CERT ser­ves di­ver­se sec­tors in­clu­ding trans­por­ta­ti­on, mi­ning, oil & gas, con­s­truc­tion, fo­restry, and power ge­ne­ra­ti­on. The company’s so­lu­ti­ons are com­ple­men­ted by the Hy­dra­Ly­ti­ca™ te­le­ma­tics plat­form, fa­ci­li­ta­ting data-dri­ven fuel sa­vings and car­bon cre­dit mo­ne­tiza­ti­on.

His­to­ri­cal­ly, dy­na­CERT has faced chal­lenges ge­ne­ra­ting sus­tainable re­ve­nue streams, re­sul­ting in si­gni­fi­cant ope­ra­tio­nal los­ses. The com­pa­ny re­por­ted re­ve­nues de­cli­ning from CAD 1.15 mil­li­on in FY2022 to CAD 0.45 mil­li­on in FY2023 due to slower cus­to­mer ad­op­ti­on, eco­no­mic un­cer­tain­ty, and pro­lon­ged re­gu­la­to­ry ap­pr­oval pro­ces­ses. De­spi­te the­se past re­ve­nue fluc­tua­tions, re­cent fi­nan­cial re­sults in­di­ca­te a po­ten­ti­al tur­n­around, dri­ven by in­creased pro­duct ac­cep­tance and ac­ce­le­ra­ted sa­les mo­men­tum de­mons­tra­ted over the first nine months of 2024.

As of Sep­tem­ber 30, 2024, dy­na­CERT ex­hi­bi­ted fi­nan­cial cons­traints, no­ta­b­ly a ne­ga­ti­ve share­hol­ders‘ equi­ty of CAD ‑0.39 mil­li­on. Li­qui­di­ty also re­mains a con­cern, evi­den­ced by a sub­stan­ti­al de­crease in cash and cash equi­va­lents. De­spi­te the­se hurd­les, the com­pa­ny has ac­tively im­pro­ved working ca­pi­tal ma­nage­ment and si­gni­fi­cant­ly re­du­ced to­tal lia­bi­li­ties. dynaCERT’s li­qui­di­ty po­si­ti­on has been bols­te­red by re­cent fi­nan­cing ac­ti­vi­ties, in­clu­ding pri­va­te pla­ce­ments to­ta­ling CAD 6 mil­li­on, enhan­cing its ca­pa­ci­ty to sca­le ope­ra­ti­ons and dri­ve growth in­itia­ti­ves fas­ter and more ef­fi­ci­ent­ly.

dynaCERT’s fi­nan­cial out­look shows ro­bust po­ten­ti­al, un­der­pin­ned by gro­wing glo­bal in­te­rest in car­bon re­duc­tion tech­no­lo­gies and re­gu­la­to­ry man­da­tes pushing emis­si­ons com­pli­ance. Re­ve­nues are pro­jec­ted to sca­le si­gni­fi­cant­ly, from an esti­ma­ted CAD 2.40 mil­li­on in FY2024 to CAD 21.00 mil­li­on by FY2026, dri­ven pri­ma­ri­ly by in­cre­asing unit sa­les, soft­ware sub­scrip­ti­ons, and ad­op­ti­on wi­thin key sec­tors like trans­por­ta­ti­on and en­er­gy. Ear­nings are ex­pec­ted to pro­gres­si­ve­ly im­pro­ve, tran­si­tio­ning from con­tin­ued los­ses in 2024 to pro­fi­ta­bi­li­ty by FY2026, with a net pro­fit fo­re­cast of CAD 5.77 mil­li­on. This tur­n­around re­flects im­pro­ved pro­duc­tion ef­fi­ci­en­ci­es, bet­ter pri­cing stra­te­gies, and eco­no­mies of sca­le as ope­ra­ti­ons ex­pand glo­bal­ly.

Ba­sed on our DCF mo­del and key mar­ket as­sump­ti­ons, dynaCERT’s stock is va­lued at CAD 0.75 (0.48 EUR) per share, si­gni­fi­cant­ly abo­ve its cur­rent tra­ding pri­ce of CAD 0.15, high­light­ing con­sidera­ble up­si­de po­ten­ti­al. This va­lua­ti­on re­flects an­ti­ci­pa­ted re­ve­nue ac­ce­le­ra­ti­on, im­pro­ving mar­gins, and stra­te­gic po­si­tio­ning wi­thin the ra­pidly ex­pan­ding cle­an­tech and hy­dro­gen eco­no­mies. Gi­ven the­se com­pel­ling fac­tors and the ro­bust pro­jec­ted growth tra­jec­to­ry, the stock re­cei­ves a ‚BUY‘ ra­ting, of­fe­ring in­ves­tors at­trac­ti­ve ex­po­sure to glo­bal en­vi­ron­men­tal trends, re­gu­la­to­ry tail­winds, and the gro­wing car­bon cre­dit mar­ket.

Die voll­stän­di­ge Ana­ly­se kön­nen Sie hier down­loa­den: http://​www​.more​-ir​.de/​d​/​3​2​1​0​4​.​pdf

Kon­takt für Rück­fra­gen:
GBC AG
Hal­der­stra­ße 27
86150 Augs­burg
0821241133 0
research@​gbc-​ag.​de
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Of­fen­le­gung mög­li­cher In­ter­es­sens­kon­flik­te nach § 85 WpHG und Art. 20 MAR Beim oben ana­ly­sier­ten Un­ter­neh­men ist fol­gen­der mög­li­cher In­ter­es­sen­kon­flikt ge­ge­ben: (5a,6a,11); Ei­nen Ka­ta­log mög­li­cher In­ter­es­sen­kon­flik­te fin­den Sie un­ter: http://​www​.gbc​-ag​.de/​d​e​/​O​f​f​e​n​l​e​g​ung
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Com­ple­ti­on: 23.03.2025 (10:00 a.m.)
First dis­tri­bu­ti­on: 25.03.2025 (8:00 a.m.)

Ori­gi­nal-Re­se­arch: dy­na­CERT Inc. (by GBC AG): Buy

GBC AG
Hal­der­stra­ße 27
86150 Augs­burg

Pho­ne: +49 821 241133–0
E‑mail: office(@)gbc-ag.de

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