회사 개요
TMD Energy Limited, ticker TMDE, operates as an investment holding company focused on the energy sector, specifically within the oil and gas midstream industry. The firm specializes in providing marine fuel bunkering services across key Asian markets including Hong Kong, Malaysia, Indonesia, Singapore, and Vietnam. Its core business activities involve the marketing and supply of marine gas and fuel oil, encompassing a range of products such as high sulfur fuel oil, low sulfur fuel oil, and very low sulfur fuel. The company maintains a market capitalization of $32.52M and generates annual revenue of $607.42M, employing a workforce of 66 individuals. These financial figures indicate that despite its small market cap, the entity manages significant operational revenue, suggesting a business model reliant on high-volume fuel distribution rather than asset-heavy infrastructure valuation. The revenue scale relative to the market cap implies a low price-to-sales dynamic, which is often characteristic of companies in the midstream sector where cash flows are critical but equity value may be suppressed by cyclical commodity prices or specific operational challenges.
재무 건전성
The company reported a revenue of $607.42M for the trailing twelve months, while posting a net income of $-3,271,647 and an EBITDA of $9.00M. The substantial gap between the reported revenue and the negative net income reveals a heavy cost structure where operating expenses, including depreciation or interest costs, significantly erode the bottom line despite strong EBITDA generation. This divergence highlights that the company's profitability is currently compromised by non-operating charges or high interest expenses rather than a lack of sales volume. Free cash flow stands at $-31,590,508, which indicates a severe liquidity drain that limits the company's financial flexibility and ability to fund capital expenditures without external financing. The firm holds $15.28M in cash against total debt of $92.85M, resulting in a debt-to-equity ratio of 410.58, which signifies a highly leveraged balance sheet rather than a conservative one. With a current ratio of 0.91, the company's short-term liquidity is tight, as current liabilities exceed current assets, potentially creating pressure on working capital management. Return on Equity is recorded at -17.5%, demonstrating that management is currently destroying shareholder value, while Return on Assets sits at 2.2%, indicating minimal efficiency in utilizing the asset base to generate profits.
밸류에이션 평가
Trailing P/E and forward P/E ratios are both listed as N/A, which implies that the absence of positive earnings prevents the calculation of these standard metrics and suggests that the market cannot value the stock based on earnings multiples in the traditional sense. The price-to-book ratio is 1.51, indicating that the market is valuing the company at a 51% premium over its book value, even in the context of negative net income. The price-to-sales ratio is 0.05, and the EV/EBITDA multiple is 12.34, suggesting that valuation relies heavily on revenue multiples or enterprise value metrics rather than earnings power. The stock has traded between a 52-week high of $6.27 and a 52-week low of $0.41, placing the current valuation within a wide historical range that reflects high volatility and uncertainty surrounding the asset. The beta value is listed as N/A, meaning that the stock's price volatility relative to the broader market cannot be quantified using standard statistical measures in this data set.
Growth & Income
Revenue growth year-over-year is -22.7%, while earnings growth is N/A due to the negative net income position. The negative revenue growth indicates a contraction in business volume or pricing power, and since earnings are already negative, the concept of earnings growing faster or slower than revenue is not applicable in a positive growth context. The company does not pay dividends, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, which confirms that the firm retains all resources internally rather than distributing them to shareholders. Given the negative net income and negative free cash flow, any reinvestment of earnings is effectively a retention of losses rather than funding for expansion. The overall growth and income profile is characterized by revenue contraction, negative profitability, and a complete lack of dividend income, presenting a challenging financial landscape for stakeholders seeking capital appreciation or yield.