CBL International Limited (BANL)
NASDAQ:BANL
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CBL International Limited
(NASDAQ:BANL)
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Rating:51Neutral
Price Target:
$0.32
▼(-22.20% Downside)
Action:ReiteratedDate:11/26/25
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
Asset-light Business Model
An asset-light model reduces capital intensity and fixed costs, enabling scalable expansion across ports and faster margin recovery. Over months this supports flexibility in volatile trade flows, preserves liquidity relative to asset-heavy peers, and aids faster deployment into new markets.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow constrains the company's ability to reinvest, expand the network, or absorb shocks without external financing. Over 2-6 months this limits operational flexibility, increases reliance on debt or equity raises, and weakens the sustainability of growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light Business Model
An asset-light model reduces capital intensity and fixed costs, enabling scalable expansion across ports and faster margin recovery. Over months this supports flexibility in volatile trade flows, preserves liquidity relative to asset-heavy peers, and aids faster deployment into new markets.
Read all positive factors
CBL International Limited (BANL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.14M
Dividend YieldN/A
Average Volume (3M)30.70K
Price to Earnings (P/E)―
Beta (1Y)0.33
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. Volume39,301
30 Day Avg. Volume30,696
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 Cap0.77
Enterprise Value/Revenue0.03
Enterprise Value/Gross Profit3.19
Enterprise Value/Ebitda-7.03
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 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 offer...
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.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
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| 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
Positive
0.41
Price Trends
0.46
Positive
0.45
Positive
0.60
Positive
Market Momentum
0.08
Negative
74.95
Negative
91.36
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BANL, the sentiment is Positive. The current price of 0.41 is below the 20-day moving average (MA) of 0.62, below the 50-day MA of 0.46, and below the 200-day MA of 0.60, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 74.95 is Negative, neither overbought nor oversold. The STOCH value of 91.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $144.80M | 2.24 | 13.16% | 5.08% | 4.34% | 18.88% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | $101.15M | -7.02 | 18.35% | 0.77% | -0.58% | -587.83% | |
56 Neutral | $6.50M | 10.65 | ― | ― | ― | ― | |
51 Neutral | $22.14M | -6.52 | -13.79% | ― | 18.79% | -100.00% | |
43 Neutral | $34.86M | 11.70 | -91.16% | ― | ― | ― |
* Energy Sector Average
BANL
CBL International Limited
0.81
-0.24
-22.89%
MMLP
Martin Midstream
2.59
-1.01
-28.14%
DLNG
Dynagas LNG Partners
3.96
0.30
8.23%
MARPS
Marine Petroleum
5.12
1.53
42.46%
PTLE
PTL Limited
5.55
-142.45
-96.25%
RBNE
Robin Energy Ltd.
2.32
-197.68
-98.84%
CBL International Limited Corporate Events
CBL International Approves Share Capital Restructuring at Extraordinary Meeting
Nov 26, 2025
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 s...
CBL International Appoints Yuan He to Board of Directors
Nov 19, 2025
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 oi...
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.