Condor Energies (CDR) AI Stock Analysis

• Market Cap: C$132.63M
• Dividend Yield: N/A
• Average Volume (3M): 47.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.83
• Revenue Growth: 82.57%
• EPS Growth: 49.97%
• Country: CA
• Employees: 194
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 68,366,780
• 10 Day Avg. Volume: 21,369
• 30 Day Avg. Volume: 47,694
• PEG Ratio: 0.40
• Price to Book (P/B): 7.94
• Price to Sales (P/S): 1.59
• P/FCF Ratio: -36.25
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$4.00
• Price Target Upside: 143.90% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.05
• Revenue Forecast (FY): C$92.86M

• Rating: 46 Neutral
• Price Target: C$2.00 ▲(21.95% Upside)

Condor Energies' overall stock score is primarily impacted by its financial performance challenges, including declining revenue and profit margins, and negative cash flow growth. The technical analysis provides a slightly positive outlook due to some upward momentum indicators, but the valuation remains unattractive due to a negative P/E ratio and lack of dividends. These factors collectively result in a lower overall stock score.

Positive Factors

Diversified energy portfolio

Condor's deliberate expansion into solar and wind diversifies revenue away from oil and gas cyclicality. Over 2–6 months this reduces exposure to commodity shocks, positions the company to access green capital and long-term contracts, and supports a steadier revenue mix if projects scale successfully.

Moderate leverage profile

An improved D/E near 0.9 signals moderate leverage versus higher-risk peers, giving the company more financial flexibility to fund operations or investments. If maintained, this level helps sustain solvency through cycles and supports investment in renewables, though execution must restore cash generation to cement benefits.

Operating profitability (EBITDA)

A strong EBITDA margin shows core operations generate meaningful cash before capex and financing, implying underlying business economics are capable of covering operating costs. This resilience supports long-term viability if management converts EBITDA into sustainable free cash flow via tighter cost and capex control.

Negative Factors

Declining free cash flow

A material drop in free cash flow undermines the firm's ability to service debt, fund renewable projects, or reinvest in core operations without external financing. Persistently negative FCF trends can force higher leverage or asset sales, constraining long-term strategic options and investment in growth initiatives.

Revenue and margin compression

Falling revenue and a sizable drop in gross margin point to worsening unit economics or adverse mix and cost pressures. Over months this erodes competitive position, reduces scale benefits, and makes it harder to restore profitability without price recovery, cost reduction, or structural changes to operations.

Weak returns and thin equity base

Negative ROE and a low equity ratio indicate the company struggles to generate returns from shareholder capital and relies more on liabilities. Structurally, this raises solvency and capital-raising risk, limits buffer against downturns, and can increase financing costs for long-term transition investments.

Condor Energies Business Overview & Revenue Model

Company Description

Condor Energies Inc. (CDR) is a Canadian energy company primarily focused on the development and production of sustainable energy solutions. The company operates in sectors such as renewable energy and oil and gas, with core products and services that include the exploration and production of conventional and unconventional oil resources, as well as investments in renewable energy projects like solar and wind power. With a commitment to transitioning towards cleaner energy, Condor Energies aims to balance its traditional energy operations with innovative, sustainable practices.

How the Company Makes Money

Condor Energies generates revenue through multiple streams, including the production and sale of oil and gas, which remains a significant portion of its earnings. The company capitalizes on its exploration activities to discover and develop new reserves, thereby increasing its output and revenue potential. Additionally, Condor is expanding its portfolio by investing in renewable energy projects, which not only diversifies its revenue sources but also aligns with global trends towards sustainability. Strategic partnerships with other energy companies and stakeholders enhance its operational capabilities and market reach, further contributing to its revenue. The company's ability to adapt to market demands and regulatory changes in the energy sector positions it to benefit financially from both traditional and renewable energy markets.

Condor Energies Financial Statement Overview

Summary

Condor Energies shows modest revenue growth but struggles with profitability, as indicated by a negative net profit margin and declining gross profit margin. The balance sheet reveals manageable leverage but inefficiencies in generating returns for shareholders. Cash flow challenges are evident with a significant decline in free cash flow growth and negative free cash flow.

Income Statement

Condor Energies shows a modest revenue growth rate of 4.5% in the TTM period, indicating some recovery. However, the company struggles with profitability, as evidenced by a negative net profit margin of -3.54% and a declining gross profit margin. The EBIT and EBITDA margins are relatively stable, but the negative net income remains a concern.

Balance Sheet

The debt-to-equity ratio of 0.90 in the TTM period suggests manageable leverage, but the negative return on equity of -50.40% indicates inefficiencies in generating returns for shareholders. The equity ratio is not provided, but the overall balance sheet shows a need for improvement in financial stability.

Cash Flow

The company faces challenges with cash flow, as indicated by a significant decline in free cash flow growth and a negative free cash flow. The operating cash flow to net income ratio is positive, suggesting some operational efficiency, but the negative free cash flow to net income ratio highlights cash management issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	78.70M	66.63M	552.00K	3.61M	883.00K	2.78M
Gross Profit	18.84M	22.26M	-5.21M	1.47M	-3.33M	-6.61M
EBITDA	22.60M	14.95M	-9.06M	-1.98M	-7.78M	-12.41M
Net Income	-5.02M	-4.07M	-11.39M	-3.06M	-11.33M	-2.05M
Balance Sheet
Total Assets	80.59M	66.61M	6.77M	10.06M	8.70M	21.50M
Cash, Cash Equivalents and Short-Term Investments	22.67M	27.84M	5.04M	3.75M	4.62M	12.31M
Total Debt	17.35M	13.19M	5.55M	192.00K	0.00	13.00K
Total Liabilities	55.57M	45.55M	9.30M	3.77M	3.68M	4.40M
Stockholders Equity	12.87M	13.33M	-2.53M	6.30M	5.02M	17.11M
Cash Flow
Free Cash Flow	-8.59M	-2.92M	-5.57M	-4.88M	-6.19M	-6.58M
Operating Cash Flow	34.18M	5.36M	-5.35M	-3.17M	-6.10M	-6.39M
Investing Cash Flow	-38.93M	-7.35M	-1.08M	-1.21M	-2.00M	23.27M
Financing Cash Flow	19.83M	24.11M	7.72M	3.41M	356.00K	-7.08M

Condor Energies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.64
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CDR, the sentiment is Positive. The current price of 1.64 is below the 20-day moving average (MA) of 1.85, below the 50-day MA of 1.78, and below the 200-day MA of 1.75, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 57.98 is Neutral, neither overbought nor oversold. The STOCH value of 73.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CDR.

Condor Energies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
YGR	67 Neutral	C$107.35M	5.81	3.18%	―	-12.46%	-49.29%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
TPL	63 Neutral	C$144.32M	-14.12	-28.62%	0.66%	12.23%	-424.88%
BNE	59 Neutral	C$154.35M	-10.63	-2.67%	―	-9.55%	-154.04%
EOG	51 Neutral	C$163.92M	-46.43	-11.95%	―	―	86.19%
QEC	48 Neutral	C$137.13M	-9.70	-10.07%	―	19.15%	43.88%
CDR	46 Neutral	C$132.63M	-26.11	-95.52%	―	82.57%	49.97%

Condor Energies Corporate Events

Condor Raises $13.65 Million to Fast-Track Uzbekistan Drilling Program

Condor Energies has closed a brokered private placement of convertible debentures, raising gross proceeds of $13.65 million to fund an accelerated drilling and development campaign in Uzbekistan. The capital will be used to mobilize a second drilling rig for a 12-well program in 2026, install in-field compression facilities to boost production and cash flow, and support working capital and general corporate purposes, positioning the company for higher output through continuous drilling and a dedicated workover rig focused on production optimization.

The most recent analyst rating on (TSE:CDR) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Condor Energies stock, see the TSE:CDR Stock Forecast page.

Condor Energies Upsizes Financing to Boost Uzbekistan Drilling Program

Condor Energies Inc. has increased its brokered financing to $12 million due to strong demand, which will be used to accelerate its 12-well drilling program in Uzbekistan. This move is expected to significantly boost production and cash flow, positioning the company for enhanced operational success and providing potential benefits to stakeholders.

The most recent analyst rating on (TSE:CDR) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Condor Energies stock, see the TSE:CDR Stock Forecast page.

Condor Energies Secures $10 Million for Uzbekistan Drilling Expansion

Condor Energies Inc. has announced a $10 million brokered financing agreement to accelerate its 12 well drilling program in Uzbekistan. The funds will be used to mobilize a second drilling rig and develop in-field compression facilities, which are expected to significantly increase production and cash flow. This move is part of Condor’s strategy to enhance its operational capabilities and optimize production, potentially strengthening its position in the energy market.

The most recent analyst rating on (TSE:CDR) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Condor Energies stock, see the TSE:CDR Stock Forecast page.

Condor Energies Boosts Production with Successful Drilling in Uzbekistan

Condor Energies has successfully drilled its first horizontal well in the Andakli field in Uzbekistan, reaching a total depth of 3,775 meters. This development, along with two successful workovers in the North Syuzma field, has increased the company’s daily production to approximately 12,000 boepd, demonstrating significant growth and potential for further expansion in the region.

The most recent analyst rating on (TSE:CDR) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Condor Energies stock, see the TSE:CDR Stock Forecast page.

Condor Energies Advances Central Asian Projects with Strong Q3 Results

Condor Energies reported its third-quarter 2025 results, highlighting significant progress in its Central Asian projects. The company achieved an average production of 9,978 boe/d in Uzbekistan and is advancing its LNG facility in Kazakhstan, set to commence production in 2026. Condor is also exploring critical minerals, including copper and lithium, in Kazakhstan, aligning with the region’s growing focus on energy security and greenhouse gas reduction.

The most recent analyst rating on (TSE:CDR) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Condor Energies stock, see the TSE:CDR Stock Forecast page.

Condor Energies Advances Drilling Operations in Uzbekistan

Condor Energies has completed the vertical drilling of its first well in Uzbekistan, discovering significant gas pay zones in both carbonate and clastic reservoirs. The company plans to extend the well horizontally, potentially setting a record for the longest horizontal well in Uzbekistan, and is also preparing to drill additional wells to boost production in an under-developed gas field, aiming to accelerate its growth and development in the region.

The most recent analyst rating on (TSE:CDR) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Condor Energies stock, see the TSE:CDR Stock Forecast page.