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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#3632
Positioning
Market Dominance
Manufacturing
Chemicals
$244M
Ofer Vicus
We are an early-stage, Ontario-based clean technology company that has developed a highly flexible chemical recycling platform featuring three unique technologies: Hydrochemolytic™ Plastics Upcycling, Hydrochemolytic™ Bitumen Upgrading, and Hydrochemolytic™ Renewables Upgrading. Our company was incorporated under the Business Corporations Act (British Columbia) in British Columbia, Canada under the name "Aduro Clean Technologies Inc." Our principal place of business is located at 542 Newbold St., London, Ontario, N6E 2S5, Canada. Our registered records office is located at Suite 2300, Bentall 5, 550 Burrard Street, Vancouver, British Columbia, Canada.
Headcount
—
HQ Base
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| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | 28.5% | 8.0% | 100.0% | 100.0% | 10.4% | -4.6% | 3.3% | 0.0x | $141.8B | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | 46.1% | 16.6% | 51.3% | 31.9% | 26.8% | -4.0% | 1.0% | 25.0x | $272.1B | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | 10.3% | 3.1% | 24.1% | 7.2% | 4.7% | 14.3% | 0.8% | 25.0x | $11.4B | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | 2.2% | 1.5% | 9.3% | 5.3% | 2.2% | -8.5% | 2.2% | 16.0x | $18.9B | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 35.5% | 19.8% | 48.7% | 29.2% | 24.7% | 4.4% | 0.8% | 32.0x | $181.9B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | 11.8% | 8.8% | 45.9% | 11.3% | 11.1% | 25.7% | 3.7% | 0.0x | $1.8B | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.6% | 7.0% | 66.5% | 17.1% | 15.6% | 39.0% | 0.0% | 0.0x | $115M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | 22.6% | 4.9% | 71.2% | 12.8% | 9.4% | 1.7% | 5.9% | 124.0x | $72.1B | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | 3.0% | 1.1% | 20.9% | 7.3% | 1.3% | 3.0% | 0.9% | 67.0x | $1.2B | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | 8.2% | 3.5% | 55.3% | 25.9% | 12.4% | 0.7% | 1.7% | 0.0x | $87.0B | VS | |
$ADUR ADURO CLEAN TECHNOLOGIES INC. | 39 | 27 | 38 | 61 | - | - | -412.0% | -378.5% | 94.7% | -5163.2% | -5253.1% | -32.0% | 0.0% | 1.0x | $244M | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -2.5% | -0.1% | 42.5% | 1.3% | -0.2% | 5.9% | 0.0% | 0.2x | - | REF |
ADURO CLEAN TECHNOLOGIES INC. (ADUR) receives a "Avoid" rating with a composite score of 39.3/100. It ranks #3632 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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YOY expansion rate
Core pricing power
Operating efficiency
Bottom-line conversion
Equity capital efficiency
Asset base utilization
Financial leverage load
Direct cash return
Ofer Vicus
Chief Executive Officer
27
23
40
Audit Verdict: Lower quality and stability scores may indicate governance concerns.
No recent insider transactions available for ADUR
SARNIA, Ontario
Outperforming peers — winners tend to keep winning over 3-12 months
Fair valuation relative to peers
Weak fundamentals — higher risk of value trap
Average volatility — neutral timing signal
Aggressive spending — empire-building risk, dilutive growth
Below-average composite — caution warranted
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for ADUR.
View All RatingsInsufficient data for Financial Analysis
ROE proxy -412.0% (sector -2.5%)
GM 95% vs sector 43%, OM -5163% vs sector 1%
Capital turnover N/A, R&D intensity 2361.0%
Rev growth -32%
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
Our quantitative model flags ADURO CLEAN TECHNOLOGIES INC. with an Avoid rating, assigning a composite score of 39.3/100 and 1 out of 5 stars. Ranked #3632 of 7,333 stocks, ADUR falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
ADUR's quality score of 27/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of -412.0% (sector avg: -2.5%), gross margins of 94.7% (sector avg: 42.5%), net margins of -5253.1% (sector avg: -0.2%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
With a value score of 38/100, ADUR appears somewhat expensive relative to its fundamentals. Key valuation metrics include a P/B ratio of 42.11x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
ADURO CLEAN TECHNOLOGIES INC.'s investment score of 23/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -32.0% vs. a sector average of 5.9% and a return on assets of -378.5% (sector: -0.1%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
ADUR demonstrates moderate momentum with a score of 61/100, suggesting a neutral price trend without strong directional conviction. Revenue growth stands at -32.0% year-over-year, while a beta of 1.30 reflects its sensitivity to broader market moves. Moderate momentum may indicate the stock is consolidating or transitioning between trends, warranting close monitoring of upcoming catalysts.
ADUR's stability score of 40/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 1.30 and a debt-to-equity ratio of 1.00x (sector avg: 0.2x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
The short interest score of 57/100 for ADUR suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include above-average market sensitivity (beta: 1.30), micro-cap liquidity risk. With a $244M market cap (micro-cap), ADURO CLEAN TECHNOLOGIES INC. may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
ADURO CLEAN TECHNOLOGIES INC. is a micro-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #3632 of 7,333 overall (50th percentile). Key comparisons include ROE of -412.0% trailing the -2.5% sector median and operating margins of -5163.2% below the 1.3% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While ADUR currently exhibits a AVOID profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
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Improvement in Investment (23) would have the largest impact on the composite score.
ROE 16513% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 123% ABOVE SECTOR MEDIAN (FAVORABLE)
Op. Margin 400347% BELOW SECTOR MEDIAN
AUDIT DATA AS OF MAY 31, 2025 (Q1 FY2025)
We rate ADURO CLEAN TECHNOLOGIES INC. (ADUR) as Avoid with a composite score of 39.3/100 at a current price of $11.01. The stock falls in the bottom quintile of our universe across key quantitative factors, and the multi-factor weakness suggests a high probability of continued underperformance.
The rating is primarily driven by strength in momentum (61th percentile) and stability (40th percentile), which together account for the majority of the composite score. Offsetting weakness in investment (23th percentile) and quality (27th percentile) tempers our overall conviction. We assign a No Moat rating (36/100), High uncertainty, and Poor capital allocation.
Key items to watch: whether strong momentum is fundamentally supported by revenue trends; the path to profitability. Any material change in these dynamics could warrant a reassessment of our rating. The moat trend is stable, which suggests the competitive landscape is stable for now.
ADURO CLEAN TECHNOLOGIES INC. holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 39.3/100 places it at rank #3632 in our full 7,333-stock universe. At $244M in market capitalization, ADURO CLEAN TECHNOLOGIES INC. is a small-cap player in the Manufacturing space, which limits certain scale advantages but may allow for more agile strategic execution.
Despite positive momentum (61th percentile), revenue contraction of -32% creates a divergence between price action and fundamental trajectory. This divergence suggests either that the market is looking through near-term weakness or that technical factors are temporarily inflating the stock. Investors should assess whether the revenue decline reflects cyclical weakness or structural challenges.
The margin cascade tells an important story: gross margins of 95% (+52.2pp vs sector) narrow to operating margins of -5163% (-5164.5pp vs sector) and net margins of -5253.1%, yielding a gross-to-net conversion rate of -5549%. The significant margin erosion from gross to net suggests elevated operating expenses, high interest costs, or other structural drags that warrant monitoring.
At a current price of $11.01, ADURO CLEAN TECHNOLOGIES INC. is trading at a premium to fundamental value. Our value factor score of 38/100 reflects a composite assessment across multiple valuation metrics including price-to-earnings, price-to-book, EV/EBITDA, and price-to-sales ratios relative to both sector peers and the broader market. The premium valuation implies the market is pricing in significant future growth or quality improvements that are not yet fully reflected in current fundamentals.
The stock currently trades at P/B of 42.1x, P/S of 536.9x. We evaluate these multiples in the context of both absolute levels and sector-relative positioning to form our valuation view.
Gross margins of 95% signal strong pricing power and brand/IP advantages — businesses with margins above 40% have historically demonstrated more resilient earnings through economic cycles.
A conservative balance sheet (1% D/E) provides financial flexibility for acquisitions, buybacks, or weathering economic downturns without dilution.
The Avoid rating (composite 39.3/100) reflects multi-factor weakness, and historically, stocks in this scoring range have underperformed the market by a meaningful margin.
Revenue decline of -32% signals business deterioration — declining revenues make it difficult to grow into the current valuation and often precede further negative revisions.
Thin net margins of -5253.1% provide limited cushion against cost pressures, competitive pricing, or macroeconomic headwinds — even small changes in costs could swing the company to a loss.
We assign a High uncertainty rating to ADURO CLEAN TECHNOLOGIES INC.. Key risk factors include current negative profitability (net margin -5253.1%), below-average price stability (40th percentile), weak quality scores (27th percentile). The wide range of potential outcomes widens our fair value estimate and increases the possibility of permanent capital impairment. Investors considering this name should size positions accordingly and demand a meaningful margin of safety before initiating.
Specific risk factors that inform our assessment include: current negative profitability (net margin -5253.1%); below-average price stability (40th percentile); weak quality scores (27th percentile). Each of these factors independently widens the distribution of potential outcomes, and in combination they create a risk profile that demands careful position sizing. The stability factor at the 40th percentile and quality factor at the 27th percentile provide a quantitative summary of the overall risk landscape.
Key risk mitigants include: healthy gross margins of 95% provide a buffer against cost pressures; conservative leverage (1% D/E) limits balance sheet risk. These factors partially offset the identified risks and provide downside protection in adverse scenarios. On balance, the risk-reward profile warrants caution and disciplined position management.
We rate ADURO CLEAN TECHNOLOGIES INC.'s capital allocation as Poor. Key concerns include low returns on equity (-412.0%), negative profitability, weak asset returns (ROA -378.5%). Exemplary capital allocators generate ROE above 20% and maintain conservative leverage — ADURO CLEAN TECHNOLOGIES INC. significantly underperforms these benchmarks, raising questions about management's ability to create shareholder value.
Investors should scrutinize management's reinvestment decisions and balance sheet trajectory before committing capital. Poor capital allocation often compounds over time: overlevered balance sheets limit strategic flexibility, while low returns on capital destroy shareholder value. We would need to see sustained improvement in profitability metrics and balance sheet discipline before considering an upgrade.
In summary, ADURO CLEAN TECHNOLOGIES INC. receives a Avoid rating with a composite score of 39.3/100 (rank #3632 of 7,333). Our quantitative framework assigns a No Moat (36/100, trend: stable), High uncertainty, and Poor capital allocation. The average factor score across quality, value, momentum, stability, and investment is 38/100.
Our analysis does not support a constructive view on ADURO CLEAN TECHNOLOGIES INC. at this time. The combination of limited competitive advantages, high uncertainty, and poor capital allocation suggests unfavorable risk-reward at current levels. We recommend investors avoid new positions and existing holders consider reducing exposure.
Analysis derived from Blank Capital Research quantitative terminal. For informational purposes only. No trade solicitation. Past performance not indicative of future results. Consult a qualified advisor.
We do not assign ADURO CLEAN TECHNOLOGIES INC. a meaningful economic moat, scoring 36/100 on our composite assessment. Current fundamentals do not demonstrate the kind of durable competitive advantages — such as superior returns on invested capital, margin superiority, or reinvestment efficiency — that would protect the company from competitive erosion over the long term. The highest-scoring pillar, margin superiority, reached only 10.4/20.
The strongest moat sources are margin superiority (10.4/20) and financial resilience (9.5/20). GM 95% vs sector 43%, OM -5163% vs sector 1%. Interest coverage N/A. These pillars form the core of ADURO CLEAN TECHNOLOGIES INC.'s competitive identity and are the primary drivers of excess returns in our framework.
Areas of relative weakness include economic value creation (2.5/20) and reinvestment efficiency (7/20). ROE proxy -412.0% (sector -2.5%). Improvement in these areas could meaningfully widen the moat over time, while deterioration would be an early warning of competitive erosion.
Our moat trend assessment is Stable. Multi-year ROIC and operating margin trajectories show neither meaningful improvement nor deterioration, suggesting the competitive position is steady. We expect ADURO CLEAN TECHNOLOGIES INC.'s moat profile to remain largely unchanged absent a material shift in return on capital or industry dynamics.
Key profit drivers include gross margins of 95% providing a solid profitability foundation, declining revenues (-32%) that pressure the earnings outlook. The margin cascade from 95% gross to -5163% operating to -5253.1% net reveals the company's cost structure and reinvestment intensity. Our analysis indicates that profit quality raises some durability concerns, with the quality factor at the 27th percentile.
The margin profile shows gross margins of 95%, operating margins of -5163%, net margins of -5253.1%. Return metrics include ROE of -412.0% and ROA of -378.5%. Relative to the Manufacturing sector, gross margins are 52.2 percentage points above the sector median of 43%, and ROE of -412.0% compares to a sector median of -2.5%.
The balance sheet reflects a conservatively managed balance sheet with D/E of 1%, revenue growth of -32%. The sector median D/E is 0%, putting ADURO CLEAN TECHNOLOGIES INC. at higher leverage than the typical peer. Overall balance sheet health is adequate for the current business environment.
Below-average quality (27th percentile) raises durability concerns about the fundamental profile and increases the risk of negative earnings surprises.
Above 50MA
37.18%
Net New Highs
+51081
LONDON, Ontario, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced that initial operating campaigns are now underway at its Next Generation Process (“NGP”) Pilot Plant in London, Ontario. Highlights Transition to Operat
As global markets navigate a period of volatility, with large-cap technology stocks facing challenges and small-cap stocks showing resilience, investors are closely monitoring economic indicators such as U.S. labor market data and manufacturing activity for signs of future trends. In this environment, identifying high growth tech stocks involves looking for companies that can adapt to technological disruptions while maintaining strong fundamentals amidst shifting investor sentiment.
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