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CBL International Limited
(NASDAQ:BANL)
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Rating:52Neutral
Price Target:
$9.00
▼(-44.10% Downside)
Action:Reiterated
Date:09/07/26
The score is held back primarily by weakened financial performance (recent losses and inconsistent revenue, with historically volatile cash flow), partially offset by a low-leverage balance sheet and mixed-but-constructive longer-term technical positioning. Valuation adds risk due to a negative P/E, with only limited support from the dividend yield.
Positive Factors
Low leverage
Modest leverage gives CBL financial flexibility in a capital-intensive logistics business. Lower debt exposure can reduce financing pressure, preserve borrowing capacity, and help the company continue funding operations or growth initiatives even when marine fuel markets and cash flows are uneven.
Negative Factors
Recent losses and thin margins
Recent losses and negative EBIT and EBITDA indicate that revenue is not translating reliably into operating profit. Very low gross profit relative to sales suggests limited pricing power and little margin protection, leaving earnings vulnerable to changes in fuel economics, logistics costs, or volumes.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Modest leverage gives CBL financial flexibility in a capital-intensive logistics business. Lower debt exposure can reduce financing pressure, preserve borrowing capacity, and help the company continue funding operations or growth initiatives even when marine fuel markets and cash flows are uneven.
Read all positive factors
CBL International Limited (BANL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$18.91M
Dividend Yield1.17%
Average Volume (3M)208.92K
Price to Earnings (P/E)―
Beta (1Y)-0.11
Revenue Growth24.85%
EPS Growth86.77%
CountryUS
Employees37
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)-0.04
Shares Outstanding1,085,496
10 Day Avg. Volume59,035
30 Day Avg. Volume208,920
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)0.62
Price to Sales (P/S)0.02
P/FCF Ratio3.07
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
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 specialized fuel logistics enterprise, delivers extensive vessel bunkering solutions across major maritime hubs including Malaysia, Hong Kong, China, South Korea, and Singapore, with operations extending globally. The ...
How the Company Makes Money
CBL International Limited primarily makes money by selling marine fuel to ship operators and other marine customers, earning revenue based on the volume of fuel delivered and the price charged per metric ton (or equivalent unit). Its core revenue ...
CBL International Limited Earnings Call Summary
Earnings Call Date:Sep 04, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Apr 22, 2027
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
34
Negative
Balance Sheet
72
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 164.57M | 538.49M | 592.52M | 435.90M | 462.91M | 326.54M |
| Gross Profit | 1.58M | 4.47M | 5.37M | 7.21M | 9.13M | 7.59M |
| EBITDA | -10.57K | -1.66M | -2.78M | 1.82M | 4.84M | 4.28M |
| Net Income | -98.27K | -2.97M | -3.74M | 1.14M | 3.69M | 3.57M |
Balance Sheet | ||||||
| Total Assets | 20.81M | 75.71M | 69.29M | 53.46M | 25.60M | 26.99M |
| Cash, Cash Equivalents and Short-Term Investments | 2.73M | 12.50M | 8.02M | 7.40M | 5.12M | 3.04M |
| Total Debt | 50.93K | 2.09M | 1.55M | 410.82K | 381.34K | 139.84K |
| Total Liabilities | 15.59M | 55.83M | 46.53M | 28.17M | 13.48M | 18.57M |
| Stockholders Equity | 5.22M | 19.89M | 22.91M | 25.30M | 12.11M | 8.43M |
Cash Flow | ||||||
| Free Cash Flow | 1.54M | 3.99M | -2.09M | -10.81M | 3.13M | -2.53M |
| Operating Cash Flow | 1.57M | 4.00M | -1.94M | -10.03M | 3.50M | -2.51M |
| Investing Cash Flow | -209.32K | -2.64K | -144.45K | -773.86K | -373.11K | -19.15K |
| Financing Cash Flow | -45.98K | 483.03K | 2.71M | 13.18M | -1.13M | -27.18K |
CBL International Limited Technical Analysis
Neutral
16.10
Price Trends
7.50
Positive
6.54
Positive
6.35
Positive
Market Momentum
2.02
Positive
43.77
Neutral
55.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BANL, the sentiment is Neutral. The current price of 16.1 is above the 20-day moving average (MA) of 11.63, above the 50-day MA of 7.50, and above the 200-day MA of 6.35, indicating a neutral trend. The MACD of 2.02 indicates Positive momentum. The RSI at 43.77 is Neutral, neither overbought nor oversold. The STOCH value of 55.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | $133.16M | 2.03 | 14.03% | 5.46% | <0.01% | 28.26% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | $1.54M | 0.25 | 1.10% | ― | ― | ― | |
52 Neutral | $18.91M | -200.67 | -0.78% | 1.17% | 24.85% | 86.77% | |
52 Neutral | $46.45M | 28.23 | -13.65% | ― | -83.71% | ― | |
45 Neutral | $93.51M | -8.47 | 12.49% | 0.84% | 4.01% | 1.75% |
* Energy Sector Average
BANL
CBL International Limited
9.01
0.04
0.48%
MMLP
Martin Midstream
2.39
-0.86
-26.35%
DLNG
Dynagas LNG Partners
3.66
>-0.01
-0.05%
MARPS
Marine Petroleum
4.43
0.20
4.73%
PTLE
PTL Limited
7.40
-4.70
-38.86%
RBNE
Robin Energy Ltd.
2.66
-135.72
-98.08%
CBL International Limited Corporate Events
CBL International Aligns A.G.P. Sales Agreement With New Class B Share Structure
Aug 28, 2026
On August 28, 2026, CBL International Limited filed a Form 6‑K in the United States, incorporating the filing into its existing shelf registration on Form F‑3. The submission reflects the company’s ongoing use of U.S. capital mar...
CBL International Declares Special Dividend as Interim 2026 Results Filed
Aug 18, 2026
On August 18, 2026, CBL International Limited reported interim unaudited financial results for the six months ended June 30, 2026, alongside management’s discussion and analysis of performance and conditions. The period saw the continued pay...
CBL International Restores Nasdaq Compliance After Share Consolidation
Aug 4, 2026
On August 3, 2026, CBL International Limited received formal confirmation from Nasdaq that it had regained compliance with the exchange’s minimum bid price requirement of $1.00 per share, closing a deficiency first flagged in August 2025. Th...
CBL International Launches 1-for-13 Reverse Share Split to Regain Nasdaq Compliance
Jul 17, 2026
On July 16, 2026, CBL International Limited announced plans to implement a 1-for-13 reverse share split of its Class A and Class B ordinary shares. The company’s Class B shares will begin trading on a post-split basis on July 20, 2026, on th...
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.