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Quantum Metal Exchange

QMEI
23
Shell Companies · Financial Services
Winston Score
23
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2023
How the score breaks down
Quality
Weak
Growth
Good
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Winston Score History

The full picture

Quantum Metal Exchange Inc. is a small financial services company focused on precious metals trading and exchange services. It connects buyers and sellers of physical gold and other metals, targeting retail investors and individuals looking to own or trade tangible assets. The company operates primarily in Southeast Asia, with a focus on Malaysia.

The company earns revenue through transaction fees and spreads on metal trades, along with related services. With a market cap near zero and negative operating margins, the business is very small and has not yet reached consistent profitability. The main risk facing Quantum Metal Exchange is its financial fragility — negative returns on capital and thin gross margins suggest the business struggles to cover its costs, and shell company classification raises questions about its operational substance and long-term viability.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+71.0% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+50.0% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

4.1%ownership

Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~4 months

$9M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Strong grower

Quantum Metal Exchange is growing revenue at 71% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
14.9%
Thin — 14.9% gross margin
Profit after running costs
Operating Margin
-3.7%
Losing money on operations — -3.7%
Return on the money invested
ROCE
-76.7%
Weak — -76.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+134.8%
Fast-growing sales (+134.8% YoY)
Profit growth
EPS YoY
-30.4%
Earnings shrinking (-30.4% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
-208%
Weak — only -208% of profit becomes cash
Spare cash per sale
FCF Margin
-4.6%
Burning cash (-4.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.01
Conservative — low debt load (0.01)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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