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BNB Standard Corp
(NASDAQ:BNC)
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Rating:77Outperform
Price Target:
$6.00
▲(105.48% Upside)
Action:Reiterated
Date:10/19/26
The score is led by strong recent financial performance (especially cash flow strength and low leverage) and supportive valuation from a very low P/E. These positives are tempered by mixed technicals (weak near-term momentum vs longer-term trend support) and some uncertainty around sustainability/earnings quality given revenue contraction and potentially non-core drivers, with corporate events providing a modest additional positive tailwind.
Positive Factors
Conservative balance sheet
Minimal current leverage gives the company greater financial flexibility to fund initiatives, absorb operating volatility, and avoid substantial interest burdens. This stronger capital structure is a durable support compared with the highly leveraged position reported in 2021.
Negative Factors
Contracting revenue and earnings quality
A shrinking TTM top line weakens confidence that current profitability reflects expanding underlying operations. The unusually high net margin and apparent non-core contribution make earnings less repeatable, increasing the risk that reported performance does not represent durable operating power.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Minimal current leverage gives the company greater financial flexibility to fund initiatives, absorb operating volatility, and avoid substantial interest burdens. This stronger capital structure is a durable support compared with the highly leveraged position reported in 2021.
Read all positive factors
BNB Standard Corp (BNC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$219.46M
Dividend YieldN/A
Average Volume (3M)1.50M
Price to Earnings (P/E)0.9
Beta (1Y)-0.93
Revenue Growth187.75%
EPS GrowthN/A
CountryUS
Employees164
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)5.69
Shares Outstanding41,173,850
10 Day Avg. Volume984,613
30 Day Avg. Volume1,496,076
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.73
Price to Sales (P/S)2.01
P/FCF Ratio1.03
Enterprise Value/Market Cap0.61
Enterprise Value/Revenue0.85
Enterprise Value/Gross Profit1.08
Enterprise Value/Ebitda0.68
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)$37.30M
BNB Standard Corp Business Overview & Revenue Model
Company Description
The company operates a digital asset treasury focused on BNB, seeking to build and manage BNB holdings and generate income through active treasury management and related activities. It also operates retail nicotine-vape businesses in Canada and in...
BNB Standard Corp Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
88
Very Positive
Cash Flow
92
Very Positive
| Breakdown | TTM | Jan 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 157.43M | 132.08M | 2.80M | 6.91M | 11.28M | 13.64M |
| Gross Profit | 122.91M | 115.57M | -219.62K | 542.08K | 1.14M | 2.93M |
| EBITDA | 195.85M | -80.94M | -3.15M | -2.82M | -4.96M | -1.71M |
| Net Income | 280.92M | 170.17M | -3.15M | -2.91M | -5.50M | -1.34M |
Balance Sheet | ||||||
| Total Assets | 327.15M | 436.77M | 10.36M | 13.77M | 21.03M | 5.28M |
| Cash, Cash Equivalents and Short-Term Investments | 7.08M | 11.32M | 9.45M | 12.51M | 18.64M | 2.16M |
| Total Debt | 18.53M | 3.76M | 269.80K | 386.35K | 495.09K | 586.37K |
| Total Liabilities | 37.72M | 71.89M | 1.16M | 1.51M | 6.13M | 4.89M |
| Stockholders Equity | 289.43M | 364.88M | 9.20M | 12.26M | 14.90M | 389.47K |
Cash Flow | ||||||
| Free Cash Flow | 269.28M | 257.05M | -3.06M | -6.13M | -3.22M | -3.28M |
| Operating Cash Flow | 269.41M | 267.69M | -3.06M | -6.13M | -3.19M | -3.21M |
| Investing Cash Flow | -222.33M | -30.45M | 0.00 | 200.00 | -28.10K | -57.16K |
| Financing Cash Flow | 186.09M | 3.91M | 0.00 | 0.00 | 19.70M | 3.14M |
BNB Standard Corp Technical Analysis
Positive
2.92
Price Trends
4.68
Positive
3.64
Positive
3.64
Positive
Market Momentum
0.07
Positive
52.74
Neutral
64.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BNC, the sentiment is Positive. The current price of 2.92 is below the 20-day moving average (MA) of 5.36, below the 50-day MA of 4.68, and below the 200-day MA of 3.64, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 52.74 is Neutral, neither overbought nor oversold. The STOCH value of 64.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BNC.
BNB Standard Corp Risk Analysis
BNB Standard Corp disclosed 106 risk factors in its most recent earnings report. BNB Standard Corp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
BNB Standard Corp Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $219.46M | 0.94 | 77.82% | ― | 187.75% | ― | |
69 Neutral | $474.71M | 55.54 | 3.58% | 1.38% | 6.91% | 4.11% | |
65 Neutral | $172.41M | 15.34 | 14.64% | 1.52% | 21.21% | 252.85% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | $273.58M | -104.99 | -1.86% | ― | 13.56% | 91.27% | |
50 Neutral | $355.55M | 93.40 | 2.22% | ― | 7.05% | -67.59% | |
46 Neutral | $41.13M | -0.10 | 331.10% | ― | -32.66% | -397.97% |
* Industrials Sector Average
BNC
BNB Standard Corp
5.71
-1.99
-25.81%
ESOA
Energy Services of America
9.43
-1.13
-10.74%
MTRX
Matrix Service Company
9.67
-4.82
-33.26%
ORN
Orion Group Holdings
9.15
0.48
5.54%
BBCP
Concrete Pumping Holdings
9.73
3.27
50.55%
SLND
Southland Holdings
0.82
-3.65
-81.72%
BNB Standard Corp Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
CEA Industries Appoints Alex Odagiu as Chief Executive Officer
Positive
Oct 19, 2026
On October 19, 2026, BNB Standard Corporation’s board appointed Alex Odagiu as Chief Executive Officer and principal executive officer, ending his tenure as Interim President and confirming his continued service as a director, while William ...
Business Operations and StrategyRegulatory Filings and Compliance
CEA Industries Rebrands as BNB Standard Corporation
Positive
Oct 2, 2026
On September 29, 2026, CEA Industries Inc. announced that it had changed its corporate name to BNB Standard Corporation, while retaining its Nasdaq ticker symbol BNC and existing CUSIP for its common stock. The move was accompanied by updated desc...
Business Operations and StrategyRegulatory Filings and Compliance
CEA Industries Streamlines Charter and Securities Disclosures
Neutral
Sep 4, 2026
On September 4, 2026, CEA Industries Inc. withdrew the certificates of designation for its Series A Preferred Stock and Series B Convertible Preferred Stock in Nevada, noting that no shares of these series were outstanding and that its authorized ...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and ComplianceShareholder Meetings
CEA Industries Regains Nasdaq Listing Compliance After Meeting
Positive
Aug 10, 2026
CEA Industries Inc., which trades on the Nasdaq Capital Market under the symbols BNC, BNCWW and BNCWZ, is a growth-oriented company building category-leading businesses in consumer markets. The company’s strategy includes building and managi...
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.