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Charbone Hydrogen Corporation
(CH)
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Rating:44Neutral
Price Target:
C$0.10
▼(-46.32% Downside)
Action:Reiterated
Date:05/30/26
The score is constrained primarily by very weak financial performance—deep losses and significant ongoing cash burn—despite improving revenue and a repaired equity position. Technicals also remain soft with the stock below key moving averages, and valuation is difficult to support due to negative earnings and no dividend yield.
Positive Factors
Strong revenue recovery
A near-doubling of TTM revenue shows the company is scaling commercial hydrogen sales. Durable higher volumes improve fixed-cost absorption, supports operating leverage over months, and creates a clearer path to improving unit economics if growth continues and operations stabilize.
Negative Factors
Persistent heavy cash burn
Sustained negative operating and free cash flow indicates the business is not yet self-funding and remains dependent on external capital. Over months this elevates dilution and refinancing risk, constrains reinvestment in capacity, and can slow project execution if new funding is delayed.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue recovery
A near-doubling of TTM revenue shows the company is scaling commercial hydrogen sales. Durable higher volumes improve fixed-cost absorption, supports operating leverage over months, and creates a clearer path to improving unit economics if growth continues and operations stabilize.
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)0.62
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 Technical Analysis
Neutral
0.19
Price Trends
0.12
Negative
0.13
Negative
0.14
Negative
Market Momentum
>-0.01
Negative
50.85
Neutral
38.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CH, the sentiment is Neutral. The current price of 0.19 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.12, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.85 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CH.
Charbone Hydrogen Corporation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | C$5.33B | -105.48 | -1.78% | 1.87% | -1.57% | -114.04% | |
64 Neutral | C$1.86B | 16.14 | 15.37% | 4.73% | 10.86% | -10.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | C$41.55M | -5.01 | -11.13% | ― | ― | 15.76% | |
45 Neutral | C$268.60M | -20.89 | -11.76% | ― | -15.00% | -25.13% | |
45 Neutral | C$6.42M | -1.07 | -52.71% | ― | -100.00% | -23.35% | |
44 Neutral | C$28.78M | -7.32 | -212.85% | ― | 97.35% | 49.19% |
* General Sector Average
TSE:CH
Charbone Hydrogen Corporation
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Charbone Hydrogen Corporation Corporate Events
Business Operations and Strategy
Charbone Maps 2026–2030 Drive to Become Integrated High-Value Industrial Gas Player
Positive
Apr 14, 2026
Charbone Corporation, a producer and distributor of clean ultra high purity hydrogen and strategic industrial gases, is positioning itself as a premium mid-tier industrial gas player. It aims to differentiate through quality, metrology, and tracea...
Business Operations and Strategy
Charbone Maps 2026-2030 Push to Build Global High-Value Industrial Gas Platform
Positive
Apr 14, 2026
Charbone Corporation has unveiled a 2026-2030 strategic plan to transform itself into an integrated, high-value industrial gas group, broadening its portfolio beyond clean UHP hydrogen into UHP and specialty gases and, in North America, UHP indust...
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.