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TMD Energy Limited (TMDE) AI Stock Analysis
TMD Energy Limited
(NYSE MKT:TMDE)
TMDE scores poorly, driven primarily by severely distressed financials: a collapse in revenue, negative gross and net margins, and an almost fully eroded equity base against roughly $21.3M of debt, leaving leverage near 33x and real solvency risk. Technicals reinforce the caution, with the stock trading well below its 50-, 100-, and 200-day moving averages and a negative MACD, though momentum oscillators have flattened into neutral territory. Valuation provides no offset, as the company is loss-making (negative P/E) and pays no dividend. The one constructive element is the return to positive operating and free cash flow alongside a meaningful debt reduction, but this is not yet enough to offset the structural weakness in the business.
TMD Energy Limited (TMDE) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $14.54M
- Dividend Yield
- ―
- Average Volume (3M)
- 98.33K
- Price to Earnings (P/E)
- -4.9
- Beta (1Y)
- -2.27
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- US
- Employees
- 66
- Sector
- General
- Sector Strength
- 55
- Industry
- Oil & Gas Midstream
TMD Energy Limited Business Overview & Revenue Model
Company Description
TMD Energy Limited, an investment holding entity, centers its operations on delivering marine fuel bunkering solutions across key Southeast Asian and East Asian maritime hubs, specifically Hong Kong, Malaysia, Indonesia, Singapore, and Vietnam. The c...
TMD Energy Limited Financial Statement Overview
Summary
Financials are very weak. Revenue has collapsed and profitability flipped from razor-thin margins to losses that extend all the way to the gross profit line (-$0.4M gross profit, -$3.2M operating, -$4.6M net). The balance sheet is the biggest concern: shareholders' equity has been nearly wiped out at $0.6M against roughly $21.3M of debt, implying leverage near 33x and deeply negative return on equity. The only meaningful positive is a return to positive operating cash flow (~$2.6M) and free cash flow (~$1.8M) after a heavy 2024 cash burn, plus a sizeable reduction in total debt. Until margins stabilize and equity is rebuilt, solvency and execution risk remain elevated.
Income Statement
15Very NegativeBalance Sheet
12Very NegativeCash Flow
40Negative| Breakdown | TTM | Jun 2026 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 137.93M | 133.31M | 688.61M | 633.08M | 702.10M |
| Gross Profit | 2.14M | -428.90K | 16.04M | 12.09M | 13.26M |
| EBITDA | 2.02M | -1.96M | 12.85M | 10.21M | 8.22M |
| Net Income | -750.19K | -4.56M | 1.88M | 2.00M | 2.37M |
Balance Sheet | |||||
| Total Assets | 124.94M | 30.69M | 110.10M | 104.40M | 81.93M |
| Cash, Cash Equivalents and Short-Term Investments | 7.06M | 978.73K | 16.07M | 4.83M | 11.27M |
| Total Debt | 92.44M | 21.30M | 79.86M | 24.76M | 28.35M |
| Total Liabilities | 102.33M | 29.92M | 90.96M | 82.18M | 61.89M |
| Stockholders Equity | 21.59M | 638.18K | 17.88M | 17.45M | 16.11M |
Cash Flow | |||||
| Free Cash Flow | -1.98M | 1.82M | -28.04M | -2.50M | -6.09M |
| Operating Cash Flow | -1.04M | 2.59M | -24.29M | 654.22K | 518.56K |
| Investing Cash Flow | -2.34M | -1.08M | -3.76M | -3.15M | -6.61M |
| Financing Cash Flow | 3.53M | -2.32M | 38.66M | -2.49M | 8.05M |
TMD Energy Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TMDE, the sentiment is Neutral. The current price of 0.57 is below the 20-day moving average (MA) of 0.61, below the 50-day MA of 0.67, and below the 200-day MA of 0.95, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 49.29 is Neutral, neither overbought nor oversold. The STOCH value of 44.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TMDE.
TMD Energy Limited Peers Comparison
Overall Rating
PARR78Outperform
CAPL59Neutral
WKC56Neutral
CLNE51Neutral
AMTX44Neutral- TMDE28Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| PARR | 78Outperform | $3.82B | 4.40 | 57.75% | ― | 13.19% | ― |
| CAPL | 59Neutral | $859.28M | 15.85 | -72.93% | 9.33% | 0.29% | 21.69% |
| WKC | 56Neutral | $1.91B | -12.79 | -13.12% | 2.30% | 21.07% | 62.41% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| CLNE | 51Neutral | $317.44M | -3.30 | -16.68% | ― | 4.50% | 52.98% |
| AMTX | 44Neutral | $90.21M | -1.37 | 19.17% | ― | 2.95% | 43.31% |
| TMDE | 28Underperform | $14.54M | -4.90 | -242.97% | ― | ― | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TMDE | TMD Energy Limited | 0.62 | -0.04 | -6.52% | |
| CLNE | Clean Energy Fuels | 1.44 | -1.34 | -48.20% | |
| WKC | World Kinect Corporation | 37.34 | 12.31 | 49.18% | |
| CAPL | Crossamerica Partners LP | 22.51 | 3.87 | 20.77% | |
| PARR | Par Pacific Holdings | 76.24 | 35.71 | 88.11% | |
| AMTX | Aemetis Inc | 1.25 | -0.81 | -39.32% |
TMD Energy Limited Corporate Events
TMD Energy Adopts Cayman Governance Practices Under NYSE Home Country Exemption
On October 29, 2026, TMD Energy Limited disclosed that it is relying on the NYSE American’s home country practice exemption to follow Cayman Islands corporate governance rules in place of certain U.S. exchange requirements. The move covers area...
TMD Energy Posts Sharp Profit Decline as FY2026 Net Loss Widens to $19.1 Million
On October 29, 2026, TMD Energy Limited reported audited results for the fiscal year ended June 30, 2026, showing that total revenue fell 10.2% to about $545 million amid weaker bunkering demand driven by tariff-related trade disruptions and geopolit...
TMD Energy Shareholders Approve Dual-Class Structure and Board Slate at 2026 AGM
On October 7, 2026, TMD Energy Limited held its 2026 Annual General Meeting in Petaling Jaya, Malaysia, where shareholders approved a redesignation of the company’s authorized share capital into dual-class shares comprising 400 million Class A...
TMD Energy Sets October 7, 2026 Shareholder Meeting to Restructure Share Capital
On September 10, 2026, TMD Energy Limited announced it will hold its annual general meeting of shareholders in Petaling Jaya, Malaysia, on October 7, 2026, at 10:00 a.m. Malaysia time. Shareholders of record as of August 28, 2026 will be eligible to...
TMD Energy Issues RM212.8 Million Corporate Guarantee for Malaysian Islamic Financing
On August 11, 2026, TMD Energy Limited executed a corporate letter of guarantee in favor of Malaysia’s MBSB Bank Berhad to support additional requirements on existing Islamic financing facilities totaling up to RM212.8 million (about US$52 mill...
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.
Date of analysis: Nov 01, 2026