Friday 6 November 2026
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CBL International Limited
BANL Energy Oil & Gas Midstream
CBL International Limited’s revenue for fiscal 2025 (year ended December 2025) was $538.5 million, down 9.12% from fiscal 2024.
2.90
0.01
−0.34%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 234 | 327 | 463 | 436 | 593 | 538 | — | +18.1% | — | — | — | — | |
| Gross margin, % | — | — | — | — | 2.65 | 2.32 | 1.97 | 1.65 | 0.91 | 0.83 | — | (1.8) pt | ||||||
| EBT | — | — | — | — | 3 | 4 | 4 | 1 | (4) | (3) | — | n/m | ||||||
| EBT margin, % | — | — | — | — | 1.45 | 1.29 | 0.97 | 0.33 | (0.66) | (0.56) | — | (2.0) pt | ||||||
| Net income | — | — | — | — | 3 | 4 | 4 | 1 | (4) | (3) | (6) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 6,213.73 | 199.83 | 283.28 | 226.73 | 280.18 | 254.63 | 0.00 | (47.2%) | |||||
| Earnings | — | — | — | — | 76.32 | 2.18 | 2.21 | 0.59 | (1.82) | (1.43) | — | n/m | ||||||
| Cash flow | — | — | — | — | 89.19 | (1.53) | 2.14 | (5.22) | (0.92) | 1.89 | 0.00 | (53.7%) | ||||||
| Capex | — | — | — | — | (4.01) | (0.01) | (0.23) | (0.40) | (0.07) | 0.00 | 0.00 | (80.3%) | ||||||
| Free cash flow | — | — | — | — | 85.18 | (1.55) | 1.91 | (5.62) | (0.99) | 1.89 | 0.00 | (53.3%) | ||||||
| Book value | — | — | — | — | 128.86 | 5.16 | 7.41 | 13.16 | 10.77 | 9.40 | 0.00 | (40.8%) | ||||||
| Shares, m | — | — | — | — | 0 | 2 | 2 | 2 | 2 | 2 | — | +123.8% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| P/S | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| P/B | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/FCF | — | — | — | — | (1.09) | (1.09) | (1.09) | 0.50 | 0.38 | (3.52) | (5.52) | (1.0) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 3 | (3) | 3 | (10) | (2) | 4 | 2 | +3.5% | |||||
| Capex | — | — | — | — | 0 | 0 | 0 | (1) | 0 | 0 | 0 | (55.6%) | ||||||
| Free cash flow | — | — | — | — | 3 | (3) | 3 | (11) | (2) | 4 | 2 | +4.5% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 5 | 8 | 10 | 24 | 22 | 19 | 16 | +33.7% | |||||
| Net debt | — | — | — | — | (6) | (3) | (5) | (7) | (7) | (11) | (11) | +13.9% | ||||||
| Shareholders’ equity | — | — | — | — | 5 | 8 | 12 | 25 | 23 | 20 | 21 | +32.6% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | 14.12 | 14.01 | 2.87 | (6.31) | (4.12) | 0.00 | (4.1) pt | |||||
| ROIC | — | — | — | — | 0.00 | 51.67 | 41.86 | 5.81 | (13.15) | (16.38) | 0.00 | (16.4) pt | ||||||
| ROE | — | — | — | — | 0.00 | 53.73 | 35.88 | 6.06 | (16.11) | (14.02) | 0.00 | (14.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 29 | 32 | 35 | 39 | 37 | — | +6.3% | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 11.26 | 14.47 | 12.45 | 15.19 | 14.55 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · fundamentals updated 26 Oct 2026
CBL International Limited vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TORO Toro Corp. | $135.1M | — (loss-making) | — | +71.27% (above 0%: growing) | n/m | +127.85% (above 0%: growing) | 55.48% | (15.53%) | Compare |
| DLNG Dynagas LNG Partners LP | $110.6M | 1.8× | — | +2.12% (above 0%: growing) | +53.57% (above 0%: growing) | −13.57% (below 0%: shrinking) | 66.78% | 41.34% | Compare |
| MMLP Martin Midstream Partners L.P. | $77.1M | — (loss-making) | 27.1× | +37.35% (above 0%: growing) | n/m | −108.78% (below 0%: shrinking) | 45.22% | 4.40% | Compare |
| NFE New Fortress Energy LLC | $62.8M | — (loss-making) | 1.2× | +2.76% (above 0%: growing) | n/m | +65.32% (above 0%: growing) | 30.77% | (47.59%) | Compare |
| PXS Pyxis Tankers Inc. | $57.2M | 6.9× | 6.8× | +32.60% (above 0%: growing) | n/m | +84.21% (above 0%: growing) | 63.33% | 36.25% | Compare |
| MARPS Marine Petroleum Trust | $8.5M | 12.5× | 12.4× | +9.93% (above 0%: growing) | +25.00% (above 0%: growing) | +18.78% (above 0%: growing) | 100.00% | 77.69% | Compare |
| TMDE TMD Energy Limited | $6.7M | — | — | — | — | — | — | — | Compare |
| BANL CBL International Limited | $6.1M | — | — | — | — | −44.03% (below 0%: shrinking) | 1.96% | 0.00% | |
| TOPS TOP Ships Inc. | $2.1M | — (loss-making) | 4.8× | +62.56% (above 0%: growing) | −66.67% (below 0%: shrinking) | −366.51% (below 0%: shrinking) | 57.22% | 0.00% | Compare |
| Median of peers | $60.0M | 6.9× | 6.8× | +32.60% | +25.00% | +18.78% | 57.22% | 4.40% |