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PyroGenesis Inc (PYR) Fair Value & Analysis

Industrials · CA · Market cap C$54.8M

PI PyroGenesis Inc PYR · TO
PriceC$0.2150
Fair ValueC$0.1100
Upside-48.8%
Quality95/100
Evidence: Low Range C$0.0900 – C$0.1400

Fair value as of: Jun 23, 2026

From 3 valuation models · updated 7 days ago

Share price −27.6% over the past month.

Price vs Fair Value (12 months)

C$0.6860 C$0.1843 Fair Value C$0.1100 Jun 2025 Jun 2026

12‑month range C$0.1843 – C$0.6860 · fair‑value band C$0.0900 – C$0.1400 · the C$0.2150 price screens above the C$0.1100 fair value. As of Jun 23, 2026.

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Analysis

PyroGenesis Inc (PYR) currently trades at C$0.2150, while our model-based Fair Value estimate is C$0.1100 — implying the stock looks roughly 48.8% overvalued today. We read business quality at 95/100 (high quality), in the Industrials 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).

Over the trailing twelve months, PyroGenesis Inc generated revenue of C$14.5M at a net margin of -79.7%. Revenue grew 63.1% year over year. Net debt stands at C$5.6M. Fundamentals as of Jun 23, 2026

Key figures & financial health

Revenue (TTM) C$14.5M
Revenue growth (YoY) +63.1%
Net margin -79.7%
Return on equity -3,401%
Free cash flow −C$10.4M FY2025
Operating margin -16.5%
More key figures
EPS (TTM) C$-0.0700
EPS growth (YoY) -96.0%
Net debt C$5.6M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 23, 2026. TTM = trailing twelve months.

About the company

PyroGenesis Inc. designs, develops, manufactures, and commercializes plasma processes and solutions worldwide. The company offers DROSRITE, a process for enhancing metal recovery from dross without any hazardous by-products; plasma atomization process that allows produce and sell spherical metal powders; PUREVAP, a process to produce high purity metallurgical and solar grade silicon from quartz; and PUREVAP NSiR, which is designed to transform silicon into spherical silicon nano powders and nanowires for use in lithium-ion batteries. It provides plasma torches and plasma torch systems used to replace fossil fuel burners; plasma arc waste destruction systems for waste destruction onboard ships; steam plasma arc refrigerant cracking systems for the destruction of certain refrigerants, including chlorofluorocarbons, hydrofluorocarbons, and hydrochlorofluorocarbons; plasma arc chemical warfare agent destruction systems, which are mobile platforms for the onsite destruction of chemical w…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PyroGenesis Inc reported revenue of C$12.6M in FY2025 versus C$31.1M in FY2021, a compound −20.2%/yr. Reported net income was −C$14.8M in FY2025.

Revenue −20.2%/yr
FY21 C$31.1M
FY22 C$19.0M
FY23 C$12.3M
FY24 C$15.7M
FY25 C$12.6M
Net income
FY21 −C$38.4M
FY22 −C$32.2M
FY23 −C$28.5M
FY24 −C$6.7M
FY25 −C$14.8M

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SIEGY SIEGY $155.06 $89.54 -42%
SMAWF SMAWF $307.12 $176.28 -43%
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Frequently asked questions

Is PyroGenesis Inc (PYR) undervalued?
As of Jun 23, 2026, our model estimates a fair value of C$0.1100 versus a price of C$0.2150 — about −49% (overvalued). Model-based estimate, not financial advice.
What is the fair value of PYR?
Our 21-model fair value for PyroGenesis Inc is C$0.1100 (as of Jun 23, 2026), built from audited fundamentals. The current price is C$0.2150.
What is the quality score of PYR?
PyroGenesis Inc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of PyroGenesis Inc (PYR)?
PyroGenesis Inc reported trailing-twelve-month revenue of about C$14.5M (latest available figure, as of Jun 23, 2026).
What is the net profit margin of PYR?
The net profit margin of PyroGenesis Inc is about -79.7%, meaning it is currently running at a net loss. 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.