TL Natural Gas Holdings Limited (HK:8536)
:8536
Want to see HK:8536 full AI Analyst Report?
Top Page
TL Natural Gas Holdings Limited
(8536)
Select Model
Select Model
Rating:46Neutral
Price Target:
HK$0.21
▼(-14.40% Downside)
Action:Reiterated
Date:04/18/26
The score is held back primarily by weak financial performance—ongoing losses, a 2025 revenue decline, and negative operating/free cash flow since 2023—despite a low-debt balance sheet. Technicals are mildly supportive in the short term but look overbought, and valuation signals are constrained by negative earnings and no provided dividend yield.
Positive Factors
Conservative balance sheet / low leverage
Very low debt relative to equity (debt-to-equity ~2%–5%; total debt ~HK$1.3M vs HK$50.6M equity) gives durable financial flexibility. Low leverage reduces refinancing pressure, supports ability to absorb losses, and extends runway while strategic adjustments are made.
Negative Factors
Persistent negative profitability
Persistent negative EBIT and net income across the period show the company has not achieved sustainable profitability. Ongoing losses erode shareholder capital, constrain reinvestment, and increase reliance on external funding unless margin structure or revenue quality improves materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Very low debt relative to equity (debt-to-equity ~2%–5%; total debt ~HK$1.3M vs HK$50.6M equity) gives durable financial flexibility. Low leverage reduces refinancing pressure, supports ability to absorb losses, and extends runway while strategic adjustments are made.
Read all positive factors
TL Natural Gas Holdings Limited (8536) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$46.33M
Dividend YieldN/A
Average Volume (3M)117.75K
Price to Earnings (P/E)―
Beta (1Y)-0.11
Revenue Growth-10.04%
EPS Growth27.35%
CountryHK
Employees64
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.04
Shares Outstanding212,505,000
10 Day Avg. Volume54,500
30 Day Avg. Volume117,750
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)0.91
Price to Sales (P/S)0.53
P/FCF Ratio-13.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
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
TL Natural Gas Holdings Limited Business Overview & Revenue Model
Company Description
TL Natural Gas Holdings Limited, an investment holding company, sells compressed natural gas (CNG) in Jingzhou, China. The company distributes CNG to retail customers, such as vehicular end-users; and wholesale customers, including urban gas compa...
How the Company Makes Money
null...
TL Natural Gas Holdings Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
74
Positive
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 86.59M | 96.28M | 77.95M | 67.59M | 46.44M |
| Gross Profit | 7.08M | 8.12M | 7.49M | 16.27M | -988.00K |
| EBITDA | -4.39M | -5.97M | -3.29M | 2.22M | -969.00K |
| Net Income | -7.75M | -9.68M | -23.02M | -3.07M | -8.48M |
Balance Sheet | |||||
| Total Assets | 60.38M | 62.20M | 69.16M | 95.32M | 97.61M |
| Cash, Cash Equivalents and Short-Term Investments | 31.01M | 29.44M | 34.17M | 36.19M | 29.65M |
| Total Debt | 1.32M | 993.00K | 1.80M | 3.79M | 3.75M |
| Total Liabilities | 9.78M | 8.90M | 9.88M | 13.24M | 13.34M |
| Stockholders Equity | 50.61M | 53.30M | 60.09M | 82.65M | 84.27M |
Cash Flow | |||||
| Free Cash Flow | -3.51M | -1.90M | -4.07M | 4.63M | 18.74M |
| Operating Cash Flow | -2.98M | -1.78M | -1.70M | 8.28M | 24.31M |
| Investing Cash Flow | -536.74K | 120.00K | -1.99M | -3.65M | 4.09M |
| Financing Cash Flow | 4.75M | 2.63M | -1.74M | -1.62M | -4.70M |
TL Natural Gas Holdings Limited Technical Analysis
Negative
0.25
Price Trends
0.25
Negative
0.24
Negative
0.24
Negative
Market Momentum
>-0.01
Positive
30.66
Neutral
40.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8536, the sentiment is Negative. The current price of 0.25 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.25, and above the 200-day MA of 0.24, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 30.66 is Neutral, neither overbought nor oversold. The STOCH value of 40.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8536.
TL Natural Gas Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
HK:8536
TL Natural Gas Holdings Limited
0.22
-0.14
-39.44%
HK:1759
Sino Gas Holdings Group Limited
0.88
0.08
10.00%
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.