Delixy Holdings Limited (DLXY) AI Stock Analysis
DLXY AI stock analysis summary
AI ResearchDelixy Holdings Limited (DLXY) is a Singapore-based wholesale trader of crude oil and oil-based products operating across Asia and the Middle East. The company generated $307.7M in trailing twelve-month revenue but operated at a loss with a profit margin of -1.5%. As of March 31, 2026, the balance sheet holds $1.8M in cash against $4.0M in total debt, leaving shareholders' equity at $105,000.
- Market cap
- $6.8M
- Revenue (TTM)
- $307.7M
- P/E
- —
- 1Y return
- -50.0% S&P 500 16.8%
- Avg. target
- —
Bull case
- Revenue increased 20.2% year-over-year in the latest quarter ending March 31, 2026, alongside a 24.4% increase in quarterly earnings.
- The company generates substantial trading volume, achieving $307.7M in trailing twelve-month revenue despite a small market capitalization of $6.8M.
- Insider ownership remains high at 30.3%, indicating significant alignment between management and equity holders.
Bear case
- Delixy swung to an operating loss of -1.5% and a net loss of -$4.5M in FY2025, down from a profit of $1.0M in FY2024.
- Free cash flow deteriorated significantly to -$5.2M in FY2025, consuming liquidity against a cash balance of just $1.8M.
- The balance sheet carries $4.0M in debt against thin shareholders' equity of $105,000, creating a high debt-to-equity ratio of 38.25.
What Delixy does
Delixy Holdings Limited is an investment holding company that engages in the wholesale trading of crude oil and oil-based products in Southeast Asia, East Asia, and the Middle East. Incorporated in 2024 and headquartered in Singapore, it is a subsidiary of Mega Origin Holdings Limited and employs 11 people. Its operations span physical trading, risk control, compliance, and safety, healthy and environmental protection. It also participates in exchange futures and derivatives, commodity payment, vessel chartering, bonded tank leasing, pipeline and land transportation, partial delivery, bunker blending, trigger price and roll over pricing, and variety spread.
Growth and profitability
Delixy's annual revenue moved from $319.8M in FY2022 to $289.2M in FY2023, rose to $314.9M in FY2024, and declined 2.3% to $307.7M in FY2025, delivering a 3-year revenue CAGR of -1.3%. Net income shifted from $253,000 in FY2022, $1.2M in FY2023, and $1.0M in FY2024 to a net loss of -$4.5M in FY2025. Over the trailing twelve months ending March 31, 2026, revenue stood at $307.7M with an operating margin of -2.4%, a profit margin of -1.5%, and diluted EPS of -$1.45. In the latest quarter ending March 31, 2026, quarterly revenue grew 20.2% year-over-year while quarterly earnings grew 24.4%.
Balance sheet and cash flow
As of March 31, 2026, Delixy held $1.8M in cash and short-term investments against total debt of $4.0M, resulting in net debt of $2.2M. Shareholders' equity was $105,000 against total assets of $24.9M, leading to a debt-to-equity ratio of 38.25 and a current ratio of 1.00. In FY2025, operating cash flow and free cash flow were both -$5.2M, down from positive cash generation of $612,000 in FY2024. Capital expenditures in FY2025 totaled $1,000.
Valuation and performance
DLXY trades at an EV to EBITDA multiple of 8.4x, slightly above the 8.0x median of its US-listed Energy peers. Its price-to-sales multiple is 0.0x compared to the peer median of 1.8x, while its price-to-book ratio is 77.5x. The company has an enterprise value of $10.4M and a market capitalization of $6.8M. Over the past year, the stock fell 50.0%, lagging the S&P 500 (SPY) gain of 16.8%. The stock's last close of $2.09 sits 31.9% below its 200-day average and near its 52-week low of $1.70.
What analysts expect
Delixy has no analyst coverage, price targets, or earnings estimates listed. The stock last closed at $2.09 on October 16, 2026, down 52.7% year-to-date and below its 52-week high of $22.25. Short interest accounts for 12.3% of the float, while insiders hold 30.3% and institutions hold 1.9% of shares.
Key risks and what to watch
- A current ratio of 1.00 and net debt of $2.2M provide a narrow buffer if operating cash outflows continue at the FY2025 rate of -$5.2M.
- Operating margins have consistently been thin, peaking at 0.4% in FY2023 before falling to -2.4% over the trailing twelve months.
- The stock has experienced sharp declines, falling 52.7% year-to-date and 50.0% over the trailing one-year period.
- Shareholder equity is vulnerable at $105,000 relative to total assets of $24.9M and trailing twelve-month net losses.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this DLXY AI stock analysis
This page is an AI-written research summary of Delixy Holdings Limited (DLXY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: DLXY income statement, DLXY balance sheet, DLXY key metrics, DLXY chart. See the DLXY stock overview for the latest quote and news.
DLXY AI stock analysis FAQ
What does Delixy Holdings Limited do?
Delixy Holdings Limited is a Singapore-based wholesale trader of crude oil and oil products across Southeast Asia, East Asia, and the Middle East, offering physical trading, vessel chartering, bonded tank leasing, and derivatives hedging.
Does Delixy Holdings Limited pay a dividend?
No, Delixy Holdings Limited does not pay a dividend.
What is Delixy's debt and cash position?
As of March 31, 2026, the company held $1.8M in cash and short-term investments and $4.0M in total debt, resulting in net debt of $2.2M and shareholders' equity of $105,000.
How fast is Delixy growing?
Delixy's annual revenue decreased at a 3-year CAGR of -1.3% from FY2022 to FY2025, though quarterly revenue rose 20.2% year-over-year in the quarter ending March 31, 2026.