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CBL International Limited (BANL)
NASDAQ:BANL
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CBL International Limited
(NASDAQ:BANL)
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Rating:56Neutral
Price Target:
$1.00
▲(35.14% Upside)
CBL International Limited's overall stock score reflects a challenging financial performance with profitability and cash flow issues. However, positive earnings call highlights, including sales growth and operational efficiency, provide some optimism. Technical analysis suggests a stable trend, but valuation concerns due to negative earnings impact the overall attractiveness.
CBL International Limited (BANL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.63M
Dividend YieldN/A
Average Volume (3M)37.67K
Price to Earnings (P/E)―
Beta (1Y)1.60
Revenue Growth18.79%
EPS Growth-100.00%
CountryUS
Employees39
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding27,500,326
10 Day Avg. Volume23,796
30 Day Avg. Volume37,671
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.21
Price to Sales (P/S)0.05
P/FCF Ratio-13.30
Enterprise Value/Market Cap1.17
Enterprise Value/Revenue0.07
Enterprise Value/Gross Profit7.43
Enterprise Value/Ebitda-14.29
Forecast
1Y Price Target
$1.00Price Target Upside35.14% Upside
Rating ConsensusHold
Number of Analyst Covering1
CBL International Limited Business Overview & Revenue Model
Company DescriptionCBL 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 MoneyCBL International Limited makes money through its core business of supplying marine fuel to shipping companies. Its revenue model is primarily based on the sale of various types of marine fuels, including low-sulfur fuel oil, high-sulfur fuel oil, and marine gas oil, which are critical for the operation of vessels. The company sources these fuels from refineries and sells them to clients at a markup, thus generating profit. Additionally, CBL International may engage in strategic partnerships or long-term contracts with shipping companies and port authorities, which can contribute to stable and recurring revenue streams. The company's earnings are significantly influenced by global oil prices, shipping industry demand, and regulatory changes concerning maritime fuel standards.
CBL International Limited Earnings Call Summary
Earnings Call Date:Sep 04, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Apr 16, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted CBL's substantial growth in sales volume, significant biofuel sales increases, and improved operational efficiency. However, it also noted challenges such as declining revenue due to lower marine fuel prices and geopolitical disruptions affecting trade flows. Despite these challenges, CBL's strategic expansions and cost management resulted in a reduced net loss, indicating resilience and adaptability.Q2-2025 Updates
Positive Updates
Sales Volume Growth
Total sales volume grew by 9.8% in the first half of 2025, indicating robust demand for CBL's services despite challenging market conditions.
Reduction in Net Loss
Net loss narrowed by 38.8% from USD 1.62 million in the first half of 2024 to USD 0.99 million in the first half of 2025, driven by reduced operating expenses and improved financial management.
Biofuel Sales Surge
Biofuel sales saw a significant increase of 154.7% year-on-year in the first half of 2025, with volume growth reaching 189.5%, highlighting CBL's leadership in sustainable fuel markets.
Expansion of Global Service Network
CBL expanded its global service network to 65 ports, an increase of 81%, marking a substantial milestone in its growth strategy.
Operational Efficiency
Operating expenses decreased by 17%, reflecting successful cost management and efficiency improvements.
Negative Updates
Decrease in Total Revenue
Total revenue decreased by 4.4%, from USD 277 million in the first half of 2024 to USD 255.2 million in the first half of 2025, mainly due to a decline in marine fuel prices.
Geopolitical and Trade Challenges
Global maritime trade faced significant disruptions due to geopolitical tensions, including ongoing instability in the Red Sea and shifts in trade flows caused by U.S. tariffs.
Volatility in Oil Prices
The instability in energy markets, partly due to the situation in Ukraine, added volatility to global oil prices, creating challenges in fuel supply and demand.
Company Guidance
During the call, CBL International Limited provided comprehensive guidance for fiscal year 2025, highlighting both achievements and strategic initiatives. The company reported a 9.8% increase in total sales volume and a gross profit margin improvement by 4 basis points to 1.02%, although revenue decreased by 4.4% to USD 255.2 million due to lower marine fuel prices. Operating expenses were reduced by 17% contributing to a narrowed net loss of USD 0.99 million, a 38.8% improvement from the previous year. CBL emphasized its expansion strategy, with their global service network growing to 65 ports, a significant increase from 36 ports in 2023. The Asia Pacific region remained a key revenue driver, with China accounting for 67.5% of total revenue. The company also demonstrated significant growth in the biofuel sector, with a volume increase of 189.5% and biofuel sales increasing by 154.7% year-on-year. Looking forward, CBL aims to strengthen its service network, particularly in Asia Pacific and Europe, and explore sustainable fuel options to meet evolving market needs and compliance regulations. The company remains focused on maintaining low debt levels, optimizing cash flow, and leveraging its asset-light business model to drive growth and operational efficiency.CBL International Limited Financial Statement Overview
Summary
The company's financial performance is mixed, with inconsistent revenue growth and negative net income indicating profitability challenges. While the balance sheet is stable with moderate debt levels, negative free cash flow and operational inefficiencies pose risks to financial sustainability.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.45
Neutral
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.60
Neutral
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.50
Neutral
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 592.52M | 435.90M | 462.91M | 326.54M | 234.26M |
| Gross Profit | 5.37M | 7.21M | 9.13M | 7.59M | 6.21M |
| EBITDA | -2.78M | 1.82M | 4.84M | 4.28M | 6.94M |
| Net Income | -3.74M | 1.14M | 3.69M | 3.57M | 2.88M |
Balance Sheet | |||||
| Total Assets | 69.29M | 53.46M | 25.60M | 26.99M | 23.57M |
| Cash, Cash Equivalents and Short-Term Investments | 8.02M | 7.40M | 5.12M | 3.04M | 5.63M |
| Total Debt | 1.55M | 372.13K | 353.17K | 122.39K | 235.07K |
| Total Liabilities | 46.53M | 28.17M | 13.48M | 18.57M | 18.71M |
| Stockholders Equity | 22.91M | 25.30M | 12.11M | 8.43M | 4.86M |
Cash Flow | |||||
| Free Cash Flow | -2.09M | -10.81M | 3.13M | -2.53M | 3.21M |
| Operating Cash Flow | -1.94M | -10.03M | 3.50M | -2.51M | 3.36M |
| Investing Cash Flow | -144.45K | -773.86K | -373.11K | -19.15K | 452.93K |
| Financing Cash Flow | 2.71M | 13.18M | -1.13M | -27.18K | -1.31M |
CBL International Limited Technical Analysis
Negative
0.74
Price Trends
0.72
Positive
0.78
Negative
0.92
Negative
Market Momentum
0.01
Negative
50.66
Neutral
58.97
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 0.74 is below the 20-day moving average (MA) of 0.74, above the 50-day MA of 0.72, and below the 200-day MA of 0.92, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 50.66 is Neutral, neither overbought nor oversold. The STOCH value of 58.97 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $129.68M | 2.43 | 10.64% | 5.52% | -1.72% | 55.38% | |
61 Neutral | $774.76M | -14.22 | 69.22% | ― | -33.19% | 81.02% | |
56 Neutral | $20.63M | ― | -14.06% | ― | 18.79% | -100.00% | |
49 Neutral | $123.02M | -8.01 | 21.05% | 0.63% | -1.06% | -340.61% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
* Energy Sector Average
BANL
CBL International Limited
0.74
-0.61
-45.19%
MMLP
Martin Midstream
3.15
-0.78
-19.85%
NGL
NGL Energy Partners
5.86
1.45
32.88%
DLNG
Dynagas LNG Partners
3.55
-0.14
-3.79%
MARPS
Marine Petroleum
4.69
0.57
13.83%
BROGF
Brooge Energy
5.97
4.42
285.16%
CBL International Limited Corporate Events
CBL International Reports Strong Biofuel Growth and Reduced Losses in 1H 2025
Sep 4, 2025
CBL International Limited reported its financial results for the first half of 2025, highlighting significant growth in biofuel sales and a reduction in net loss by 38.8% compared to the previous year. The company’s revenue stood at $265.17 million, with a notable increase in sales volume driven by network expansion and new customer acquisitions. Despite a challenging macroeconomic environment, CBL’s gross profit margin improved to 1.02%, and its global network expanded to 65 ports, reinforcing its position as a leading marine fuel logistics platform. The surge in biofuel sales, up 154.7%, was fueled by stricter environmental regulations, positioning CBL as a frontrunner in sustainable marine fuels. The company remains optimistic about future growth, focusing on expanding its biofuel supply chain and exploring LNG and methanol options.
CBL International Reports Mid-2025 Financial Results Amid Industry Challenges
Sep 2, 2025
On September 15, 2025, CBL International Limited released its financial results for the six months ending June 30, 2025. The company detailed its financial performance and discussed various factors impacting its operations, including geopolitical risks, environmental regulations, and technological advancements in the maritime sector. The announcement highlighted the challenges and opportunities in the shipping industry, emphasizing the potential impact on CBL’s market position and stakeholder interests.
CBL International Faces Nasdaq Compliance Challenge
Aug 15, 2025
On August 15, 2025, CBL International Limited announced receiving a Nasdaq deficiency notice due to its shares trading below the $1.00 minimum bid price requirement for 30 consecutive business days. The company has until February 9, 2026, to regain compliance, with a potential extension until August 8, 2026, if certain conditions are met. This notice does not immediately affect the trading of CBL’s shares, and the company is exploring options to comply with Nasdaq’s rules.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.