Leishen Energy Holding Co., Ltd. (LSE) AI Stock Analysis

NASDAQ: LSEAI research summary: business, growth, valuation, analysts, bull and bear case.

LSE AI stock analysis summary

AI Research

Leishen Energy Holding Co., Ltd. provides clean-energy equipment, digitalization solutions, and technical services for the oil and gas industry across China, Central Asia, and Southeast Asia. The company generated trailing twelve months revenue of $41.1M, but quarterly revenue fell 25.6% year-over-year while operating margin contracted to -3.3%. Despite these profitability pressures, the company maintains a low debt-to-equity ratio of 0.08 and net cash of $23.6M as of June 30, 2026.

Market cap
$77.6M
Revenue (TTM)
$41.1M
P/E
456.0x
1Y return
-21.2%
S&P 500 16.8%
Avg. target
—

Bull case

  • The company maintains a strong liquidity cushion with net cash of $23.6M and a low debt-to-equity ratio of 0.08 as of June 30, 2026.
  • Leishen Energy achieved a four-year revenue compound annual growth rate of 11.5% between FY2021 and FY2025 despite recent cyclical headwinds.
  • The company's balance sheet features a healthy current ratio of 2.39 alongside $27.2M in cash and short-term investments.

Bear case

  • Revenue dropped 30.0% in FY2025 and continued to fall 25.6% year-over-year in the latest quarter ended June 30, 2026.
  • Operating margin deteriorated from 20.0% in FY2021 to -3.4% in FY2025, remaining negative at -3.3% on a trailing twelve months basis.
  • The stock trades at an elevated trailing price-to-earnings ratio of 456.0x compared to the median of its US-listed Energy peers of 15.0x.

What Leishen Energy does

Founded in 2007 and headquartered in Beijing, China, Leishen Energy Holding Co., Ltd. provides clean-energy equipment and integrated solutions for the oil and gas industry in China, Central Asia, and Southeast Asia. The company operates through four segments: Clean-Energy Equipment, New Energy Production and Operation, Digitalization and Integration Equipment, and Oil and Gas Engineering Technical Services. Its offerings include reciprocating compressor units, wellhead heating and safety control systems, oil-water separation systems, and natural gas online sampling equipment. It also delivers technical services like pressurization gas injection unit customization, natural gas production and storage, and digital oilfield management solutions.

Growth and profitability

Leishen Energy delivered a four-year revenue compound annual growth rate of 11.5% from FY2021 to FY2025. Annual revenue expanded from $31.3M in FY2021 to $46.7M in FY2022 and peaked at $73.1M in FY2023, before declining 5.5% to $69.1M in FY2024 and 30.0% to $48.3M in FY2025. Operating margin dropped from 20.0% in FY2021 and 10.9% in FY2024 to -3.4% in FY2025, while net income fell from $11.9M in FY2023 to $1.3M in FY2025. In the latest quarter ended June 30, 2026, revenue fell 25.6% year-over-year and earnings dropped 40.5%, bringing trailing twelve months net margin to 0.1% and operating margin to -3.3%.

LSE income statement →

Balance sheet and cash flow

As of June 30, 2026, Leishen Energy held $27.2M in cash and short-term investments against total debt of $3.6M, resulting in net cash of $23.6M. The company reported a current ratio of 2.39, total assets of $75.1M, and shareholders' equity of $44.6M, with a conservative debt-to-equity ratio of 0.08. In FY2025, operating cash flow turned negative at -$3.5M and free cash flow stood at -$3.7M. Capital expenditures totaled $205,749 during FY2025, reflecting minimal capital investment as operations experienced cash outflows.

LSE balance sheet →

Valuation and performance

At a closing price of $4.56 on October 16, 2026, Leishen Energy had a market capitalization of $77.6M and an enterprise value of $69.1M. The stock trades at a trailing price-to-earnings ratio of 456.0x and an enterprise value-to-EBITDA ratio of 186.7x, substantially higher than the median of its US-listed Energy peers of 15.0x and 8.0x, respectively. Its price-to-sales multiple of 1.9x is in line with the peer median of 1.8x. Over the past year, the shares returned -21.2%, significantly underperforming the S&P 500 return of 16.8%.

LSE key metrics →

What analysts expect

There are no published Wall Street analyst recommendations, price targets, or consensus earnings forecasts tracked for Leishen Energy Holding Co., Ltd. following its last close at $4.56. The stock was listed following its IPO in 2024 and shows high insider ownership of 64.7% along with institutional holdings of just 0.2%. Short interest as a percentage of float stands at 0.3%. Without sell-side research coverage or an announced upcoming earnings date, forward earnings expectations and price outlooks remain unavailable.

Key risks and what to watch

  • Cash flow risk is elevated after operating cash flow swung from $15.1M in FY2024 to -$3.5M in FY2025.
  • Earnings momentum has decelerated sharply, evidenced by a 40.5% year-over-year decline in quarterly net income for the period ended June 30, 2026.
  • Ownership concentration presents governance risk with insiders holding 64.7% of shares while institutional ownership is only 0.2%.
  • Gross margin compression poses an operational headwind, shrinking from 29.0% in FY2022 to 17.6% in FY2025.

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 LSE AI stock analysis

This page is an AI-written research summary of Leishen Energy Holding Co., Ltd. (LSE). 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: LSE income statement, LSE balance sheet, LSE key metrics, LSE chart. See the LSE stock overview for the latest quote and news.

LSE AI stock analysis FAQ

Does Leishen Energy pay a dividend?

No, Leishen Energy does not pay a dividend. The company does not currently distribute cash payouts to shareholders.

What was Leishen Energy's revenue in FY2025?

Leishen Energy reported revenue of $48.3M in FY2025, which represented a 30.0% decline compared to FY2024 revenue of $69.1M.

How much debt and cash does Leishen Energy have?

As of June 30, 2026, Leishen Energy held $27.2M in cash and short-term investments against total debt of $3.6M, resulting in net cash of $23.6M.

How has Leishen Energy stock performed over the past year?

Over the past year, the stock returned -21.2%, trailing the S&P 500 return of 16.8%.

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