Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Sales comps and Analyst consensus.
ACCE opinionZenaTech Inc. Common Stock (ZENA)
Fair value
Not available
ACCE price target
$1.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $1.02 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Sales comps.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
34
out of 100
Analysts
100% buy
2 covering
P/E
0.0x
forward 0.0x
1-year return
-78.9%
Dividend yield
0.00%
ZenaTech Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
ZenaTech sells drone-based products and software, with its Drone as a Service offering aimed at land surveying, inspection and data capture for enterprise customers. Revenue growth of 316.3% is the headline, but it comes off a small base and the business is still deeply loss-making, with an operating margin of -234.7% and a return on equity of -135.6%, so growth is currently buying losses rather than profit. The 100% gross margin reflects a software-style revenue line that has not yet been shown to scale into operating leverage. Zero P/E and forward P/E figures mean there are no earnings to anchor a valuation, which leaves the investment case dependent on whether revenue keeps compounding while costs come down. With a score of 34/100 and no index membership, the name is a candidate only for a deeper look at contract quality, cash burn and dilution history.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Heavy cash burn
Free cash flow is -$42.6M against a $219M market cap, with operating margin at -234.7% and ROE at -135.6%. Losses are large relative to the equity value.
moderate
Elevated short interest
Short interest stands at 16.4% of float, a meaningful bearish positioning level for a stock with negative cash flow.
moderate
Price above model fair value
At $1.12 the stock trades above the ACCE fair value of $1.00, and the score sits at 34/100 with a 13/100 valuation component.
AI research notes
AI-assisted·How I use AIWritten Oct 16, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 316.3% year over year, far faster than its five-year average pace of 67.1% per year.
The latest quarter beat expectations, with earnings per share of -0.14 against -0.21 expected, a 33.3% surprise.
Why it could disappoint
The company is burning cash, with free cash flow of -CAD 43M over the last twelve months.
Shareholders are being diluted, as the diluted share count rose 85.5% last fiscal year.
Returns are deeply negative, with return on equity at -135.6% and return on invested capital at -41.4%.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 10, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where ZENA's valuation models land
Price
$1.02
Model fair valueConfidence: low
about $2.67
Model
Fair value
Upside
Analyst consensus
Sales comps
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Quality
INVESTOR
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