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Charbone Hydrogen Corporation
(CH)
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Rating:42Neutral
Price Target:
C$0.13
▲(8.33% Upside)
Action:Reiterated
Date:07/18/26
The score is primarily constrained by weak financial performance—large losses, negative gross profit, and heavy cash burn—despite some improvement in revenue and a better equity position. Technical indicators also point to weak momentum with price below key moving averages and a negative MACD. Valuation is difficult to support with a negative P/E and no dividend yield provided.
Positive Factors
Established green-hydrogen business model
Charbone’s core model—producing hydrogen by electrolysis and selling under supply/offtake arrangements—creates a durable, contractable revenue stream. The ability to bundle delivery/logistics and monetize low-carbon attributes supports multiple revenue channels and long-term commercial customer relationships.
Negative Factors
Heavy and persistent cash burn
Sustained negative operating and free cash flow indicate the business does not yet self-fund operations or growth. Continued cash burn forces repeated financing, elevating dilution and execution risk; absent durable FCF improvements, liquidity constraints could impair projects or customer deliveries over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Established green-hydrogen business model
Charbone’s core model—producing hydrogen by electrolysis and selling under supply/offtake arrangements—creates a durable, contractable revenue stream. The ability to bundle delivery/logistics and monetize low-carbon attributes supports multiple revenue channels and long-term commercial customer relationships.
Read all positive factors
Charbone Hydrogen Corporation (CH) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$28.78M
Dividend YieldN/A
Average Volume (3M)659.00K
Price to Earnings (P/E)―
Beta (1Y)0.59
Revenue Growth97.35%
EPS Growth49.19%
CountryCA
Employees9
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding250,222,150
10 Day Avg. Volume1,371,784
30 Day Avg. Volume659,005
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)13.44
Price to Sales (P/S)96.07
P/FCF Ratio-9.48
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
Charbone Hydrogen Corporation Business Overview & Revenue Model
Company Description
Charbone Corp. is a vertically integrated industrial gases company focused on the development and operation of a network of supply hubs for the production, storage, and distribution of ultra-high-purity (UHP) strategic industrial gases. The firm s...
How the Company Makes Money
Charbone Hydrogen Corporation’s primary revenue model is expected to be the sale of hydrogen produced at its production sites to end-users under commercial supply agreements (e.g., offtake contracts) where available. Key revenue streams include: (...
Charbone Hydrogen Corporation Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
36
Negative
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 252.04K | 325.75K | 282.72K | 22.48K | 0.00 |
| Gross Profit | -81.80K | 325.75K | 282.72K | 22.48K | -70.31K |
| EBITDA | -2.23M | -2.20M | -2.49M | -7.06M | -1.29M |
| Net Income | -2.68M | -2.84M | -3.19M | -7.38M | -4.03M |
Balance Sheet | |||||
| Total Assets | 12.72M | 6.85M | 4.25M | 4.42M | 2.81M |
| Cash, Cash Equivalents and Short-Term Investments | 1.02M | 452.74K | 55.12K | 0.00 | 0.00 |
| Total Debt | 4.81M | 4.48M | 2.64M | 2.12M | 5.33M |
| Total Liabilities | 10.92M | 8.21M | 5.87M | 4.48M | 7.23M |
| Stockholders Equity | 1.80M | -1.36M | -1.62M | -67.87K | -4.42M |
Cash Flow | |||||
| Free Cash Flow | -2.55M | -1.80M | -1.64M | -4.75M | -602.46K |
| Operating Cash Flow | -1.51M | -1.56M | -1.51M | -3.98M | -546.26K |
| Investing Cash Flow | -1.01M | -87.47K | 240.44K | -1.64M | -877.88K |
| Financing Cash Flow | 3.02M | 2.09M | 1.36M | 5.56M | 1.42M |
Charbone Hydrogen Corporation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | C$1.84B | 15.80 | 15.37% | 4.28% | 10.86% | -10.00% | |
62 Neutral | C$6.03B | 52.43 | -1.78% | 1.30% | 18.11% | -70.04% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | C$32.15M | -3.96 | -20.79% | ― | ― | 15.76% | |
45 Neutral | C$288.56M | -22.14 | -11.76% | ― | -15.00% | -25.13% | |
42 Neutral | C$28.78M | -7.32 | -212.85% | ― | 97.35% | 49.19% | |
42 Neutral | C$7.96M | -1.07 | -52.71% | ― | -100.00% | 29.48% |
* General Sector Average
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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.