CBL International Limited (BANL) AI Stock Analysis

• Market Cap: $9.22M
• Dividend Yield: N/A
• Average Volume (3M): 30.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.56
• Revenue Growth: 18.79%
• EPS Growth: -100.00%
• Country: US
• Employees: 39
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): >-0.01
• Shares Outstanding: 27,500,326
• 10 Day Avg. Volume: 39,301
• 30 Day Avg. Volume: 30,696
• PEG Ratio: 0.02
• Price to Book (P/B): 1.21
• Price to Sales (P/S): 0.05
• P/FCF Ratio: -13.30
• Enterprise Value/Market Cap: 0.42
• Enterprise Value/Revenue: <0.01
• Enterprise Value/Gross Profit: 0.72
• Enterprise Value/Ebitda: -1.60
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: $0.34 ▼(-17.80% Downside)

CBL International Limited's overall stock score reflects a challenging financial performance with profitability and liquidity issues. Technical analysis indicates bearish momentum, while valuation metrics are unfavorable due to recent losses. However, the company's strategic initiatives and operational improvements highlighted in the earnings call provide some optimism for future growth.

Positive Factors

Global Service Network Expansion

Expanding to 65 ports materially increases distribution footprint and customer access, strengthening network effects and scale in logistics. This durable expansion supports recurring intermediary revenues, lowers per-unit distribution cost, and raises barriers to entry over months.

Biofuel Market Position

Rapid biofuel volume and sales growth positions CBL in the structural shift toward sustainable marine fuels. This diversifies revenue away from volatile fossil fuels, aligns with regulatory trends, and builds a lasting growth avenue as shipping decarbonization advances.

Cost Control and Asset-Light Focus

A 17% reduction in operating expenses combined with an asset-light, low-debt strategy enhances financial flexibility. Lower capex needs and sustained cost discipline improve cash conversion potential and resilience to cyclical shocks over the medium term.

Negative Factors

Profitability Volatility

Inconsistent revenue and a recent net loss reflect persistent profitability volatility. Declining gross and EBIT/EBITDA margins indicate structural pressure on core trading economics, weakening the company's ability to self-fund growth and increasing financing dependency.

Weak Cash Generation

Negative free cash flow and weak operating cash conversion are durable concerns, limiting reinvestment capacity and heightening refinancing risk. Poor cash generation constrains network expansion and makes the company more reliant on external financing over coming quarters.

Revenue Concentration & Geopolitical Exposure

Heavy reliance on China for ~67.5% of revenue, coupled with maritime trade disruptions, concentrates demand risk. This geographic concentration amplifies revenue volatility from country-specific slowdowns, tariffs or geopolitical shocks, limiting diversification benefits.

CBL International Limited Business Overview & Revenue Model

Company Description

CBL International Limited, a fuel logistics company, provides vessel refueling solutions in Malaysia, Hong Kong, China, South Korea, Singapore, and internationally. The company offers trade credit and arranges local physical delivery of marine fuel. It expedites vessel refueling between ship operators and local physical distributors/traders of marine fuel. The company was founded in 2015 and is based in Kuala Lumpur, Malaysia. CBL International Limited operates as a subsidiary of CBL (Asia) Limited.

How the Company Makes Money

CBL International Limited generates revenue through multiple key streams. Primarily, the company earns money by acting as an intermediary in the import and export of goods, where it profits from the markup on product sales. Additionally, CBL offers logistics and warehousing services to its clients, charging fees for storage and transportation of goods. The company also collaborates with strategic partners in various sectors, allowing it to expand its product offerings and market presence, which further contributes to its revenue. Furthermore, CBL's ability to negotiate favorable contracts and bulk purchasing agreements enhances its profitability by reducing costs and improving margins.

CBL International Limited Financial Statement Overview

Summary

The financial performance of CBL International Limited is mixed. The income statement shows inconsistent revenue growth and a recent net loss, indicating profitability challenges. The balance sheet is stable with moderate debt levels, but declining equity ratios raise concerns. Cash flow is under pressure with negative free cash flow, highlighting liquidity issues.

Income Statement

The company has shown inconsistent revenue growth with a decrease in gross profit margin over recent periods. Net income has fluctuated, turning negative in the most recent year, indicating challenges in maintaining profitability. EBIT and EBITDA margins have also worsened, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio with relatively low leverage, suggesting financial stability. However, the equity ratio has been declining, signaling potential concerns in asset management. Return on equity has been inconsistent, reflecting volatility in earnings.

Cash Flow

The cash flow statement highlights negative free cash flow in the latest year, indicating pressure on liquidity. The operating cash flow to net income ratio is negative due to operational cash outflows, which raises concerns about cash generation from core activities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	580.46M	592.52M	435.90M	462.91M	326.54M	234.26M
Gross Profit	5.37M	5.37M	7.21M	9.13M	7.59M	6.21M
EBITDA	-2.44M	-2.78M	1.82M	4.84M	4.28M	6.94M
Net Income	-3.09M	-3.74M	1.14M	3.69M	3.57M	2.88M
Balance Sheet
Total Assets	61.44M	69.29M	53.46M	25.60M	26.99M	23.57M
Cash, Cash Equivalents and Short-Term Investments	5.43M	8.02M	7.40M	5.12M	3.04M	5.63M
Total Debt	100.15K	1.55M	410.82K	381.34K	139.84K	263.08K
Total Liabilities	39.56M	46.53M	28.17M	13.48M	18.57M	18.71M
Stockholders Equity	21.89M	22.91M	25.30M	12.11M	8.43M	4.86M
Cash Flow
Free Cash Flow	-5.56M	-2.09M	-10.81M	3.13M	-2.53M	3.21M
Operating Cash Flow	-5.43M	-1.94M	-10.03M	3.50M	-2.51M	3.36M
Investing Cash Flow	-128.24K	-144.45K	-773.86K	-373.11K	-19.15K	452.93K
Financing Cash Flow	2.06M	2.71M	13.18M	-1.13M	-27.18K	-1.31M

CBL International Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.41
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BANL, the sentiment is Negative. The current price of 0.41 is above the 20-day moving average (MA) of 0.37, below the 50-day MA of 0.42, and below the 200-day MA of 0.68, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 33.33 is Neutral, neither overbought nor oversold. The STOCH value of 27.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BANL.

CBL International Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DLNG	71 Outperform	$138.09M	2.44	12.11%	5.08%	4.34%	18.88%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
RBNE	56 Neutral	$13.10M	―	―	―	―	―
BANL	51 Neutral	$9.22M	-12.79	-14.06%	―	18.79%	-100.00%
MMLP	47 Neutral	$109.35M	-5.37	―	0.77%	-0.58%	-587.83%
PTLE	43 Neutral	$10.91M	-9.49	-81.61%	―	―	―

CBL International Limited Corporate Events

CBL International Approves Share Capital Restructuring at Extraordinary Meeting

On November 26, 2025, CBL International Limited held an extraordinary general meeting where shareholders approved significant changes to the company’s share capital structure. The approved resolutions included re-designating the authorized share capital into Class A and Class B ordinary shares and adopting amended memoranda and articles of association. These changes aim to enhance the company’s capital management flexibility and align with strategic objectives, potentially impacting shareholder value and market positioning.

The most recent analyst rating on (BANL) stock is a Hold with a $0.43 price target. To see the full list of analyst forecasts on CBL International Limited stock, see the BANL Stock Forecast page.

CBL International Appoints Yuan He to Board of Directors

On November 19, 2025, CBL International Limited announced the appointment of Mr. Yuan He to its board of directors, effective December 1, 2025. Mr. He, who has been with the company since its inception, brings over 17 years of experience in the oil and gas industries and has been instrumental in the company’s strategic development. His appointment is expected to strengthen CBL’s governance and support its expansion in the marine fuel logistics sector.

The most recent analyst rating on (BANL) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on CBL International Limited stock, see the BANL Stock Forecast page.