TMD Energy Limited (TMDE) AI Stock Analysis
TMDE AI stock analysis summary
AI ResearchTMD Energy Limited is a Malaysia-based marine fuel bunkering service provider operating in Southeast Asia and Hong Kong. Over the trailing twelve months, the company generated revenue of $552.7M but reported an EPS of -$0.55 and a profit margin of -1.6%. Its balance sheet shows significant leverage, with net debt of $85.4M compared to a market capitalization of $13.4M.
- Market cap
- $13.4M
- Revenue (TTM)
- $552.7M
- P/E
- —
- 1Y return
- -24.9% S&P 500 16.8%
- Avg. target
- —
Bull case
- TMDE achieved a year-to-date share price return of 34.1% as of October 16, 2026.
- Annual revenue expanded by 8.8% in FY2024 to reach $688.6M with gross margins improving to 2.3%.
- Its EV/EBITDA of 7.8x trades at a discount to the US-listed Energy peer median of 8.0x.
Bear case
- The company reported trailing twelve months net losses with an EPS of -$0.55 and a profit margin of -1.6%.
- Free cash flow worsened to -$28.0M in FY2024 due to negative operating cash flow of -$24.3M.
- Balance sheet leverage is elevated with total debt of $92.4M against $7.1M in cash, resulting in a debt-to-equity ratio of 4.28.
What TMD Energy does
TMD Energy Limited is an investment holding company that delivers marine fuel bunkering services across Hong Kong, Malaysia, Indonesia, Singapore, and Vietnam. The company markets and supplies marine gas and fuel oil, such as high sulfur, low sulfur, and very low sulfur fuel oil, to ships and vessels. It also offers vessel chartering and ship management services for internal and third-party vessels, sells cargo oil and fresh water, and provides cleaning and disinfecting services. Operating with a fleet of 15 bunkering vessels, TMD Energy was incorporated in 2023, is based in Kuala Lumpur, and is a subsidiary of Straits Energy Resources Berhad.
Growth and profitability
TMD Energy's annual revenue declined from $702.1M in FY2022 to $633.1M in FY2023, before rebounding 8.8% to $688.6M in FY2024. Over the two-year period from FY2022 to FY2024, revenue contracted at a CAGR of -1.0%. Net income remained modest at $2.4M in FY2022, $2.0M in FY2023, and $1.9M in FY2024, reflecting net margins of 0.3% across all three years. In the trailing twelve months, revenue stood at $552.7M with an operating margin of 1.8% and a net profit margin of -1.6%. For the latest quarter ended December 31, 2024, quarterly revenue fell 10.7% year-over-year, while quarterly earnings grew 1.5%.
Balance sheet and cash flow
As of June 30, 2025, TMD Energy held $7.1M in cash and short-term investments alongside total debt of $92.4M, resulting in net debt of $85.4M. Shareholders' equity was $21.6M against total assets of $124.9M, producing a debt-to-equity ratio of 4.28 and a current ratio of 0.91. Operating cash flow shifted from $654,219 in FY2023 to -$24.3M in FY2024. Capital expenditures totaled $3.8M in FY2024, which contributed to a negative free cash flow of -$28.0M for the year.
Valuation and performance
TMD Energy carries an enterprise value of $100.4M and a market capitalization of $13.4M. Its EV/EBITDA multiple is 7.8x, slightly below the 8.0x median of its US-listed Energy peers. The stock trades at a price-to-sales ratio of 0.0x compared to the sector peer median of 1.8x, and its EV/revenue multiple is 0.1x. Its price-to-book ratio stands at 1.3x. Over the past year, TMDE shares returned -24.9%, underperforming the S&P 500 (SPY) return of 16.8%, although its year-to-date return stands at 34.1%.
What analysts expect
No Wall Street analyst ratings, price targets, earnings track record data, or next earnings release dates are available for TMD Energy Limited. The stock closed at $0.57 on October 16, 2026, trading between its 52-week low of $0.41 and 52-week high of $4.77, and sits 40.4% below its 200-day moving average.
Key risks and what to watch
- The current ratio stood at 0.91 as of June 30, 2025, pointing to tight short-term liquidity.
- Quarterly revenue dropped 10.7% year-over-year in the quarter ended December 31, 2024.
- High insider ownership of 82.4% leaves a small public float, with institutional ownership at just 0.5%.
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 TMDE AI stock analysis
This page is an AI-written research summary of TMD Energy Limited (TMDE). 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: TMDE income statement, TMDE balance sheet, TMDE key metrics, TMDE chart. See the TMDE stock overview for the latest quote and news.
TMDE AI stock analysis FAQ
What does TMD Energy Limited do?
TMD Energy Limited provides marine fuel bunkering services in Hong Kong, Malaysia, Indonesia, Singapore, and Vietnam. It markets and supplies various grades of marine gas and fuel oil, manages and charters bunkering vessels, and sells fresh water and cargo oil.
What is TMD Energy's debt position?
As of June 30, 2025, TMD Energy had $92.4M in total debt and $7.1M in cash and short-term investments, leading to net debt of $85.4M and a debt-to-equity ratio of 4.28.
Does TMD Energy pay a dividend?
There is no dividend information reported for TMD Energy Limited.
How has TMDE stock performed recently?
As of October 16, 2026, TMDE closed at $0.57. The stock has gained 34.1% year-to-date, but declined 24.9% over the trailing one-year period and sits 40.4% below its 200-day average.