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BU.TO (BU) Fair Value & Analysis

Consumer Defensive · CA · Market cap C$23.6M

BT BU.TO BU · TO
PriceC$1.94
Fair ValueC$0.3145
Upside-83.8%
Quality23/100
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Risks

!Trades 84% ABOVE our fair value of C$0.3145
!Mixed Growth
!Thin margins · 0.0% net margin
!Negative equity (buybacks among others) · negative free cash flow
Mixed Growth
Thin margins · 0.0% net margin
Negative equity (buybacks among others) · negative free cash flow
Trails peers (2/7)
Narrow moat 30/100
Evidence: Low Range C$0.2295 – C$0.4675 Share as image

Fair value as of: Jul 15, 2026

From 1 valuation models · updated 37 days ago

Share price +7.2% over the past month.

Below-average quality, and screening another 84% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (C$0.4675). The favourable scenario is already priced in.
  • Weak quality (23/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (C$0.2295 to C$0.4675) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

C$77.58 C$1.54 Fair Value C$0.3145 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range C$1.54 – C$77.58 · fair‑value band C$0.2295 – C$0.4675 · the C$1.94 price screens above the C$0.3145 fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

BU.TO (BU) currently trades at C$1.94, while our model-based Fair Value estimate is C$0.3145, implying the stock looks roughly 83.8% overvalued today. The Quality Score stands at 23/100 (below-average quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at C$1.5M. Net debt stands at C$23.5M. Fundamentals as of Jul 15, 2026

Our scenario range runs from C$0.2295 (bear case) to C$0.4675 (bull case); at C$1.94, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 61% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at -84%, BU screens richer than that median.

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Key figures & financial health

Revenue (TTM) C$1.5M
Revenue growth (YoY) +1,102%
Return on equity -1,246%
Free cash flow −C$10.1M FY2026
Operating margin -361%
EPS (TTM) C$-1.07
More key figures
Net debt C$23.5M FY2026

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 23/100

Of which business quality 20 · Market factors (momentum, volatility) 15

Profitability 0
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 5
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 50
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Burcon NutraScience Corporation, together with its subsidiaries, provides plant-based proteins for the food and beverage industry in Canada.

Full company description

Burcon NutraScience Corporation, together with its subsidiaries, provides plant-based proteins for the food and beverage industry in Canada. The company offers peas, which includes Peazazz, a pea protein for use in dairy alternatives; and canola protein, which comprises meat alternatives, egg alternatives, non-dairy frozen desserts, ready-to-mix beverages, whipped toppings and nutrition bars, and other concentrated protein supplements. It also provides soy that includes soy protein, a protein replacement for dairy proteins in food or in products, such as protein shakes, power bars, soups and sauces, meat alternatives, and breads and baked goods; and CLARISOY for sports nutrition beverages, citrus-based drinks, fruit-flavoured beverages, lemonades, powdered beverage mixes, and in various non-beverage plant-based applications. In addition, the company offers Solatein, a sunflower protein isolate; FavaPro fava protein and other plant proteins; hemp protein isolate; flax protein; and protein blends. The company was formerly known as Burcon Capital Corp. and changed its name to Burcon NutraScience Corporation in October 1999. Burcon NutraScience Corporation was incorporated in 1998 and is headquartered in Vancouver, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

BU.TO reported revenue of C$2.3M in FY2026 versus C$171K in FY2022, a compound +90.6%/yr. Reported net income was −C$14.3M in FY2026.

Growth Quality 30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
C$2.3M
Latest YoY
+493.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+83.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+54.3%
Avg. growth/yr (26Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+75.6%
Revenue +90.6%/yr
FY22 C$171K
FY23 C$364K
FY24 C$184K
FY25 C$381K
FY26 C$2.3M
Net income
FY22 −C$10.3M
FY23 −C$25.4M
FY24 −C$7.4M
FY25 −C$8.3M
FY26 −C$14.3M

BU screens 84% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "BU.TO Fair Value". https://www.fairvalue-calculator.com/stock/BU

Peer Group

Packaged Foods · 658 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 20 · Bottom 25%
Fair Value upside −83% · Bottom 25%
Return on assets -27% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Revenue growth 1829% · Top 25%

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/S (TTM) 7.58× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 25
FUTURE100 · sector 19
PAST0 · sector 27
HEALTH100 · sector 96
DIVIDEND0 · sector 52

VALUE 0: the price sits above our fair-value range.

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,507 ₹362.37 -76%
Britannia Industries Limited BRITANNIA ₹5,511 ₹1,765 -68%
Tata Consumer Products Limited TATACONSUM ₹1,062 ₹327.27 -69%
PT Indofood CBP Sukses Makmur Tbk ICBP 7,550 IDR 12,864 IDR +70%
Samyang Foods Co 003230 1,219,000 KRW 1,010,543 KRW -17%
Vietnam Dairy Products Joint Stock Company VNM 61,600 VND 52,858 VND -14%
Patanjali Foods Limited PATANJALI ₹350.95 ₹144.77 -59%
PT Mayora Indah Tbk, MYOR 1,650 IDR 2,699 IDR +64%
PT Cisarua Mountain Dairy Tbk CMRY 4,610 IDR 4,350 IDR -6%
Nongshim Co 004370 389,500 KRW 530,619 KRW +36%

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Frequently asked questions

Is BU.TO (BU) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of C$0.3145 versus a price of C$1.94, about −84% (overvalued).
What is the fair value of BU?
Our model-based fair value for BU.TO is C$0.3145 (as of Jul 15, 2026), built from audited fundamentals. The current price: C$1.94.
What is the quality score of BU?
BU.TO has a Quality Score of 23/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of BU.TO (BU)?
BU.TO reported trailing-twelve-month revenue of about C$1.5M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of BU?
The net profit margin of BU.TO is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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