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TMD Energy Limited

TMDE·AMEX

$2.33

-4.1%
EnergyOil & Gas Refining & Marketing

TMD Energy Limited, an investment holding company, provides marine fuel bunkering services in Hong Kong, Malaysia, Indonesia, Singapore, and Vietnam. The company involved in marketing and supply of marine gas and fuel oil, including high sulfur fuel oil, low sulfur fuel oil, and very low sulfur fuel oil products to ships and vessels. It also provides vessel chartering and ship management services for in-house and external vessels; sale of cargo oil and fresh water; and general cleaning and disinfecting services. It operates with a fleet of 15 well-maintained bunkering vessels. TMD Energy Limited was incorporated in 2023 and is based in the Kuala Lumpur, Malaysia. TMD Energy Limited is a subsidiary of Straits Energy Resources Berhad.

At a Glance

Live Snapshot
Market Cap$54.91M
EPS0.0813
P/E Ratio44.67
Earnings Date

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is elevated (P/E 44.7).

Valuation inputs: P/E 44.7, earnings yield +2.2%, momentum -4.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +10.5%, ROIC +3.6%).

Profitability stack: net margin +0.3%, ROE +10.5%, ROIC +3.6%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +82.6%, momentum -4.1%, net margin +0.3%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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TMD Energy Limited Market vs Earnings Trajectory

TMDE · AMEX

Loading price and EPS data...

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TMD Energy Limited Fair Value Envelope

TMDE · AMEX

Our analysis suggests that TMDE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $2.33, this represents a potential HIDDEN relative to our calculated worth for TMD Energy Limited.

Intrinsic Value
Current Price: $2.33
3Y-19.0%
5Y-19.0%
10Y-19.0%
3Y-2.0%
5Y-2.0%
10Y-2.0%
3Y-21.0%
5Y-21.0%
10Y-21.0%
3Y-4784.0%
5Y-4784.0%
10Y-4784.0%
3Y+361.0%
5Y+361.0%
10Y+361.0%
3Y+34.0%
5Y+34.0%
10Y+34.0%
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TMD Energy Limited Profit Bridge

TMDE · AMEX
Revenue688.61M
Cost of Goods Sold (672.56M)
Gross Profit16.04M
Operating Expenses (10.05M)
Operating Income6.00M
Interest Expense (4.60M)
Other Income/Expense-2.52M
Pretax Income3.47M
Income Tax (1.43M)
Net Income1.88M
Net Income
1.88M

Profitability Analysis

Gross Margin

2.3%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

0.9%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

0.3%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

41.1%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

2.33%
Gross Profit Margin
22%
3Y+23.0%
5Y+23.0%
10Y+23.0%
0.87%
Operating Profit Margin
112%
3Y+36.0%
5Y+36.0%
10Y+36.0%
0.27%
Net Profit Margin
-14%
3Y-19.0%
5Y-19.0%
10Y-19.0%
10.50%
Return on Equity
-8%
3Y-29.0%
5Y-29.0%
10Y-29.0%
1.71%
Return on Assets
-11%
3Y-41.0%
5Y-41.0%
10Y-41.0%
3.57%
Return on Invested Capital
-19%
3Y-61.0%
5Y-61.0%
10Y-61.0%
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TMD Energy Limited Cash Conversion Engine

TMDE · AMEX
Net Income2.05M
Depreciation & Amortization4.78M
Stock-Based Compensation0.00
Change in Working Capital-31.19M
Others71.69K
Capital Expenditures-3.75M
Free Cash Flow-28.04M

Cash Flow Quality Analysis

FCF Conversion Rate

-1371.2%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

-15.4%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-1023.9%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$31.19M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

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TMD Energy Limited Funding & Solvency Profile

TMDE · AMEX
Cash & Cash Equivalents7.06M
Net Receivables63.38M
Inventory7.63M
Other Current Assets0.00
Total Current Assets93 M
Property, Plant & Equipment31.77M
Goodwill & Intangible Assets0.00
Long-Term Investments89.71K
Other Non-Current Assets0.00
Total Non-Current Assets32 M
Total Assets
124.94M

Financial Health Analysis

Current Ratio

0.91x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

4.53x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-8721729

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

74% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

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TMD Energy Limited Street Expectations Map

TMDE · AMEX

No Target Data

No analyst price targets available for tmde.

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TMD Energy Limited Insider Positioning

TMDE · AMEX

During the last 12 months, there has been no insider trading activity reported for TMDE.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

No Dividend Yield Data

TMDE has not reported any dividend yield values in the available annual periods.

 

tmde Dividend History

TMDE
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%