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Charbone Hydrogen Corporation
(CH)
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Rating:51Neutral
Price Target:
C$0.14
▲(13.33% Upside)
Action:Reiterated
Date:08/29/26
The score is held back primarily by weak financial performance: persistent losses, negative gross profit, and significant cash burn that implies continued reliance on external funding, despite improved equity and reduced leverage. Technicals provide some support due to a clear move above major moving averages and a positive MACD, but overextended momentum signals increase pullback risk. Valuation remains constrained by negative earnings and no stated dividend yield.
Positive Factors
Rapid Revenue Growth
Revenue growth shows early commercialization traction and suggests the company is beginning to convert its hydrogen development strategy into sales. If this expansion continues as facilities progress toward operation, a larger revenue base could improve operating leverage and support broader customer adoption.
Negative Factors
Persistent Unprofitability
The company has not yet demonstrated a sustainable commercial cost structure despite strong revenue growth. Negative gross profit and large operating and net losses indicate that current sales do not cover production and operating costs, leaving profitability dependent on successful scale-up and cost improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid Revenue Growth
Revenue growth shows early commercialization traction and suggests the company is beginning to convert its hydrogen development strategy into sales. If this expansion continues as facilities progress toward operation, a larger revenue base could improve operating leverage and support broader customer adoption.
Read all positive factors
Charbone Hydrogen Corporation (CH) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$39.14M
Dividend YieldN/A
Average Volume (3M)499.39K
Price to Earnings (P/E)―
Beta (1Y)0.61
Revenue Growth439.89%
EPS Growth42.91%
CountryCA
Employees9
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding289,893,220
10 Day Avg. Volume360,928
30 Day Avg. Volume499,392
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’s revenue model is based primarily on selling hydrogen produced at its facilities to customers under supply/offtake arrangements. In this model, the company develops a site, installs electrolysis equipment, sources electricity (i...
Charbone Hydrogen Corporation Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
41
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 925.50K | 252.04K | 325.75K | 282.72K | 22.48K | 0.00 |
| Gross Profit | -182.29K | -81.80K | 325.75K | 282.72K | 22.48K | -70.31K |
| EBITDA | -2.18M | -2.23M | -2.20M | -2.49M | -7.06M | -1.29M |
| Net Income | -3.21M | -2.68M | -2.84M | -3.19M | -7.38M | -4.03M |
Balance Sheet | ||||||
| Total Assets | 18.10M | 12.72M | 6.85M | 4.25M | 4.42M | 2.81M |
| Cash, Cash Equivalents and Short-Term Investments | 1.82M | 1.02M | 452.74K | 55.12K | 0.00 | 0.00 |
| Total Debt | 6.03M | 4.81M | 4.48M | 2.64M | 2.12M | 5.33M |
| Total Liabilities | 12.46M | 10.92M | 8.21M | 5.87M | 4.48M | 7.23M |
| Stockholders Equity | 5.64M | 1.80M | -1.36M | -1.62M | -67.87K | -4.42M |
Cash Flow | ||||||
| Free Cash Flow | -7.11M | -2.55M | -1.80M | -1.64M | -4.75M | -602.46K |
| Operating Cash Flow | -4.39M | -1.51M | -1.56M | -1.51M | -3.98M | -546.26K |
| Investing Cash Flow | -2.67M | -1.01M | -87.47K | 240.44K | -1.64M | -877.88K |
| Financing Cash Flow | 8.88M | 3.02M | 2.09M | 1.36M | 5.56M | 1.42M |
Charbone Hydrogen Corporation Technical Analysis
Positive
0.12
Price Trends
0.13
Positive
0.13
Positive
0.14
Positive
Market Momentum
<0.01
Positive
50.58
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CH, the sentiment is Positive. The current price of 0.12 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.13, and below the 200-day MA of 0.14, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.58 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | C$1.63B | 10.95 | 19.27% | 4.87% | 12.36% | 20.53% | |
63 Neutral | C$6.53B | 52.57 | 3.54% | 1.23% | 18.11% | -70.04% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$39.14M | -9.24 | -112.16% | ― | 439.89% | 42.91% | |
49 Neutral | C$268.60M | -22.27 | -10.72% | ― | -9.03% | -18.20% | |
45 Neutral | C$18.22M | -1.74 | -24.18% | ― | ― | -51.53% | |
41 Neutral | C$6.64M | -1.02 | -54.43% | ― | -100.00% | 22.47% |
* General Sector Average
TSE:CH
Charbone Hydrogen Corporation
0.15
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107.14%
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Charbone Hydrogen Corporation Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Charbone secures $1.5 million RiverFort drawdown to speed hydrogen expansion
Positive
Sep 8, 2026
Charbone Corporation has closed a $1.5 million drawdown under its secured convertible loan facility with RiverFort Global Opportunities, part of a broader $10 million multi-tranche financing arrangement. The transaction brings RiverFort’s ou...
Business Operations and StrategyPrivate Placements and Financing
Charbone Accelerates $1.5 Million Convertible Loan Drawdown to Fuel Hydrogen Expansion
Positive
Sep 2, 2026
Charbone Corporation has secured an accelerated $1.5 million advance from RiverFort Global Opportunities as part of its up to $10 million secured convertible loan facility, representing half of the second drawdown under the agreement. The multi-tr...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Charbone Q2 Gas Income Surges 155% as Industrial Gases Platform Expands
Positive
Aug 27, 2026
Charbone reported second-quarter 2026 gas income of $0.5 million, a 155% sequential increase, with six-month gas income reaching $0.6 million versus nil a year earlier as demand for hydrogen and other industrial gases accelerated. Management highl...
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.