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CN Energy Group. Inc.

CNEY Basic Materials Specialty Chemicals

CN Energy Group. Inc.’s revenue for fiscal 2025 (year ended September 2025) was $35.6 million, down 30.2% from fiscal 2024. Operating cash flow growth for three consecutive years.

0.41 0.01 +2.50%

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Market cap: $3.3M
P/E: 2.3×
Fwd P/E: 1.1×
Dividend yield: —
F-score: 4/9
Altman Z: 0.45
Beneish M: −3.88
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 67.21%

Capital & Financial Ratios $m

Market Cap 3.27

Revenue 26.13

Net Income (67.80)

Free Cash Flow (7.04)

Net Debt 2.35

Current Ratio 2.77

Debt/Equity 0.14

P/E ratio 2.28

Fwd P/E 1.10

P/S ratio 0.36

P/B ratio 0.16

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 27.75%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 1.05%

10-year low 10-year high

P/S against its own 10 years 1.05%

10-year low 10-year high

P/B against its own 10 years 3.07%

10-year low 10-year high

EV/Sales against its own 10 years 0.84%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2020	Powerpack
2019	Powerpack
2018	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	0	0	0	6
Receivables	29	30	35	4
Inventory	3	3	4	5
Other	39	26	26	10
	72	61	66	25

	2023	2024	2025	Q'26
Payables	13	1	0	0
ST’ Debt	3	—	3	8
Other	1	—	—	—
	22	1	5	9

Compound Annual Growth %

	10y	5y	3y
Sales	—	23.31%	(4.00%)
Cash Flow	—	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	20.31%	34.56%	16.93%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	36
’24	—	—	—	—	51
’23	—	—	—	—	58
’22	—	—	—	—	40
’21	—	—	—	—	20
’20	—	—	—	—	12

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	(2)
’24	—	—	—	—	(2)
’23	—	—	—	—	(30)
’22	—	—	—	—	(8)
’21	—	—	—	—	(12)
’20	—	—	—	—	(2)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	—	—	—	—
’25	(1)	—	(2)	—	(2)
’24	(1)	—	(2)	—	(2)
’23	(29)	—	(31)	—	(31)
’22	6	—	(10)	—	(10)
’21	—	—	(12)	—	(12)
’20	0	—	(2)	—	(2)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	(5.71)
’24	—	—	—	—	(51.15)
’23	—	—	—	—	(62.04)
’22	—	—	—	—	77.21
’21	—	—	—	—	64.04
’20	—	—	—	—	176.03

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	1,695.00	342.00	36.00	6.38	0.51	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	10,125.00	2,257.50	1,627.50	51.00	12.23
People
People	Employees	—	—	—	—	161	160	150	30	24	25
	Revenue/emp, $m	—	0.00	0.00	0.00	0.08	0.12	0.27	1.93	2.12	1.42
Income, $m
Income, $m	Revenue	—	1	11	11	12	20	40	58	51	36
	Gross margin, %	—	(20.27)	27.29	27.29	26.92	13.18	9.06	1.36	(0.36)	1.82
	EBT	—	(1)	2	(1)	3	2	3	(6)	(14)	(11)
	EBT margin, %	—	(67.50)	16.31	0.00	20.16	8.74	6.33	(10.10)	(27.57)	(31.32)
	Net income	—	0	0	0	2	1	2	(6)	(14)	(11)
	Depreciation	—	1	1	1	1	1	1	3	3	2
Per share, $
Per share, $	Revenue	—	0.06	0.00	819.04	938.07	982.52	1,391.20	803.04	374.69	68.50
	Earnings	—	(0.04)	0.07	125.21	176.03	54.33	77.15	(78.00)	(103.25)	(21.46)
	Cash flow	—	0.16	(0.13)	9.39	(136.76)	(573.92)	(260.02)	(418.38)	(17.44)	(3.80)
	Capex	—	0.00	0.00	(109.78)	(1.46)	(17.69)	(86.28)	(9.48)	0.00	0.00
	Free cash flow	—	0.16	(0.13)	(100.39)	(138.22)	(591.60)	(346.30)	(427.86)	(17.44)	(3.80)
	Book value	—	0.70	0.00	0.00	1,738.20	3,102.92	2,207.00	1,436.37	712.59	196.36
	Shares, m	—	23	23	0	0	0	0	0	0	1
Valuation, ×
Valuation, ×	P/E	—	25,323.53	25,323.53	25,323.53	25,323.53	26,735.29	8,791.67	495.83	116.67	13.28
	P/S	—	4,252.31	4,252.31	4,252.31	4,252.31	4,489.38	1,132.63	78.84	18.55	2.11
	P/B	—	4,661.33	4,661.33	4,661.33	4,661.33	1,673.85	572.73	19.89	5.00	0.54
	EV/Sales	—	4,252.40	4,252.40	4,252.40	4,252.40	4,489.25	1,132.08	78.93	18.61	2.23
	EV/FCF	—	(65,742.84)	(65,742.84)	(65,742.84)	(65,742.84)	(7,778.75)	(2,069.34)	(32.23)	(7.71)	(8.25)
Cash, $m
Cash, $m	Operating cash flow	—	4	(3)	0	(2)	(12)	(8)	(30)	(2)	(2)
	Capex	—	0	0	(1)	0	0	(2)	(1)	—	—
	Free cash flow	—	4	(3)	(1)	(2)	(12)	(10)	(31)	(2)	(2)
Balance, $m
Balance, $m	Working capital	—	2	4	9	7	43	44	50	60	61
	Total debt	—	—	—	0	4	0	0	3	—	3
	Net debt	—	0	(2)	(1)	2	(3)	(18)	2	0	3
	Shareholders’ equity	—	16	18	2	23	63	64	104	97	102
Returns, %
Returns, %	ROA	—	0.00	6.89	14.23	11.67	0.64	2.72	(5.09)	(12.51)	(10.83)
	ROIC	—	0.00	6.78	(37.09)	4.99	0.61	0.62	(3.64)	(8.08)	(6.53)
	ROE	—	(4.91)	(85.27)	0.00	11.93	0.77	3.53	(6.72)	(14.01)	(11.20)

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Mar 2019

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LOOP Loop Industries, Inc.	$18.0M	— (loss-making)	— (loss-making)	−98.34% (below 0%: shrinking)	n/m	+60.46% (above 0%: growing)	0.00%	(1,463.69%)	Compare
TSEOQ Trinseo PLC	$9.5M	— (loss-making)	— (loss-making)	+7.79% (above 0%: growing)	n/m	−4,036.67% (below 0%: shrinking)	11.79%	0.01%	Compare
BON Bon Natural Life Limited	$9.2M	0.9×	4.5×	+20.95% (above 0%: growing)	−14.29% (below 0%: shrinking)	−260.38% (below 0%: shrinking)	33.34%	0.00%	Compare
YMAT J-Star Holding Co., Ltd	$6.1M	—	—	—	—	—	—	—	Compare
CRKN Crown Electrokinetics Corp.	$5.8M	— (loss-making)	0.3×	+306.45% (above 0%: growing)	n/m	−362.52% (below 0%: shrinking)	(36.69%)	(357.14%)	Compare
SNES Senestech, Inc.	$3.8M	— (loss-making)	— (loss-making)	+23.20% (above 0%: growing)	n/m	−42.77% (below 0%: shrinking)	73.64%	(241.82%)	Compare
BGLC BioNexus Gene Lab Corp.	$3.6M	— (loss-making)	—	−96.63% (below 0%: shrinking)	n/m	+44.32% (above 0%: growing)	17.06%	(342.78%)	Compare
CNEY CN Energy Group. Inc.	$3.3M	2.3×	1.1×	−99.90% (below 0%: shrinking)	+33.33% (above 0%: growing)	−113.57% (below 0%: shrinking)	3.28%	0.00%
HGAS Global Gas Corporation	$1.1M	— (loss-making)	—	—	n/m	−333.93% (below 0%: shrinking)	100.00%	0.00%	Compare
Median of peers	$5.9M	—	—	+14.37%	—	−260.38%	17.06%	(241.82%)

All 60 Specialty Chemicals stocks →