CBL International Limited (BANL)
NASDAQ:BANL
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CBL International Limited
(NASDAQ:BANL)
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Rating:44Neutral
Price Target:
$0.42
▲(2.44% Upside)
Action:Reiterated
Date:05/17/26
The score is primarily pressured by deteriorating profitability and inconsistent revenue/cash flow, despite a relatively conservative balance sheet. Technical indicators also point to a weak downtrend, while valuation signals are constrained by negative earnings and no stated dividend yield.
Positive Factors
Low leverage / balance-sheet flexibility
CBL's very low reported debt provides structural financial flexibility to fund working capital swings in fuel trading, support acquisitions or guarantees, and absorb cyclical revenue drops. A light leverage profile preserves access to credit and limits insolvency risk while margins remain thin.
Negative Factors
Deteriorating profitability
The move from multi-year profitability to consecutive losses signals structural margin pressure in the core bunkering trading model. Persistently negative operating profit erodes equity, reduces reinvestment capacity and requires durable pricing or cost improvements to restore sustainable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance-sheet flexibility
CBL's very low reported debt provides structural financial flexibility to fund working capital swings in fuel trading, support acquisitions or guarantees, and absorb cyclical revenue drops. A light leverage profile preserves access to credit and limits insolvency risk while margins remain thin.
Read all positive factors
CBL International Limited (BANL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.32M
Dividend YieldN/A
Average Volume (3M)30.70K
Price to Earnings (P/E)―
Beta (1Y)-0.25
Revenue Growth-3.12%
EPS Growth18.33%
CountryUS
Employees39
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)-0.03
Shares Outstanding14,325,327
10 Day Avg. Volume39,301
30 Day Avg. Volume30,696
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.62
Price to Sales (P/S)0.02
P/FCF Ratio3.06
Enterprise Value/Market Cap0.07
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit0.79
Enterprise Value/Ebitda-1.61
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 fue...
How the Company Makes Money
CBL International Limited primarily makes money by selling marine fuels to vessels as a bunker supplier/logistics provider. Its core revenue stream comes from (1) bunker trading—sourcing marine fuel from third-party producers/suppliers and reselli...
CBL International Limited Earnings Call Summary
Earnings Call Date:Sep 04, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Sep 10, 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.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.
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.
Read all updates
Q2-2025 Updates
Positive
Negative
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.
Read all positive updates
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
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 538.49M | 592.52M | 435.90M | 462.91M | 326.54M |
| Gross Profit | 4.47M | 5.37M | 7.21M | 9.13M | 7.59M |
| EBITDA | -1.66M | -2.78M | 1.82M | 4.84M | 4.28M |
| Net Income | -2.97M | -3.74M | 1.14M | 3.69M | 3.57M |
Balance Sheet | |||||
| Total Assets | 75.71M | 69.29M | 53.46M | 25.60M | 26.99M |
| Cash, Cash Equivalents and Short-Term Investments | 12.50M | 8.02M | 7.40M | 5.12M | 3.04M |
| Total Debt | 2.09M | 1.55M | 410.82K | 381.34K | 139.84K |
| Total Liabilities | 55.83M | 46.53M | 28.17M | 13.48M | 18.57M |
| Stockholders Equity | 19.89M | 22.91M | 25.30M | 12.11M | 8.43M |
Cash Flow | |||||
| Free Cash Flow | 3.99M | -2.09M | -10.81M | 3.13M | -2.53M |
| Operating Cash Flow | 4.00M | -1.94M | -10.03M | 3.50M | -2.51M |
| Investing Cash Flow | -2.64K | -144.45K | -773.86K | -373.11K | -19.15K |
| Financing Cash Flow | 483.03K | 2.71M | 13.18M | -1.13M | -27.18K |
CBL International Limited Technical Analysis
Negative
0.41
Price Trends
0.56
Negative
0.48
Negative
0.54
Negative
Market Momentum
-0.03
Positive
36.71
Neutral
17.80
Positive
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 below the 20-day moving average (MA) of 0.47, below the 50-day MA of 0.56, and below the 200-day MA of 0.54, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 36.71 is Neutral, neither overbought nor oversold. The STOCH value of 17.80 is Positive, 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $142.25M | 2.18 | 13.16% | 5.08% | 0.14% | 24.81% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
57 Neutral | $9.16M | 2.77 | ― | ― | ― | ― | |
51 Neutral | $99.38M | -3.99 | 24.10% | 0.77% | -1.12% | -115.63% | |
44 Neutral | $11.32M | -6.42 | -13.79% | ― | -3.12% | 18.33% | |
42 Neutral | $29.21M | -22.29 | -13.65% | ― | -26.91% | ― |
* Energy Sector Average
BANL
CBL International Limited
0.41
-0.55
-57.47%
MMLP
Martin Midstream
2.54
-0.47
-15.53%
DLNG
Dynagas LNG Partners
3.94
0.62
18.71%
MARPS
Marine Petroleum
4.92
1.34
37.62%
PTLE
PTL Limited
4.67
-110.53
-95.95%
RBNE
Robin Energy Ltd.
1.20
-12.70
-91.37%
CBL International Limited Corporate Events
CBL International Shareholders Approve Director Slate and Auditor at 2026 AGM
Apr 28, 2026
CBL International Limited held its 2026 annual general meeting of shareholders in Kuala Lumpur on April 28, 2026, with a quorum achieved as 142,690,842 votes were represented in person or by proxy out of 146,075,327 total voting rights. Shareholde...
CBL International Buys Majority Stake in Green Marine Energy to Boost Malaysian SAF and Biofuel Business
Apr 22, 2026
On April 22, 2026, CBL International Limited announced that it acquired a 50.5% majority stake in Green Marine Energy Holdings Limited, a British Virgin Islands company operating in Malaysia. The deal, executed through a wholly owned subsidiary un...
CBL International Narrows 2025 Loss as Volume Grows and Global Bunkering Network Expands
Apr 17, 2026
CBL International Limited, the Nasdaq-listed listing vehicle of Banle Group, operates as a marine fuel logistics and bunkering facilitator serving more than 70 major ports across Asia-Pacific and other global hubs. The company targets container li...
CBL International Sets April 28, 2026 AGM to Vote on Board Seats and 2025 Auditor
Apr 1, 2026
On March 31, 2026, CBL International Limited announced it will hold its annual general meeting of shareholders on April 28, 2026, in Kuala Lumpur, Malaysia. Shareholders of record as of April 2, 2026, will be entitled to vote, with Class A shares ...
CBL International Reshapes Board Committees After Director Resignation
Mar 5, 2026
On February 27, 2026, CBL International Limited received the resignation of board member Ulf Lothar Naujeck, effective February 28, 2026, which also ended his roles as chairman of the compensation committee and member of the nominating and corpora...
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.