TMD Energy Limited (TMDE) Stock

TMD Energy Limited (TMDE) is a Consumer Discretionary stock trading at $0.70 (as of 2026-09-03), with a market capitalization of $17.06M and a trailing P/E of 9.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

TMD Energy Limited is an investment holding company providing marine fuel bunkering services in Hong Kong, Malaysia, Indonesia, Singapore, and Vietnam, including marketing and supplying marine gas and fuel oil products to ships and vessels. It also offers vessel chartering and ship management, cargo oil and fresh water sale, and cleaning and disinfecting services.

Understand TMD Energy Limited: how it makes money

TMD Energy provides marine fuel bunkering, supplying marine gas and fuel oil to ships across Asian markets, while also offering vessel chartering, ship management, cargo oil, fresh water, and cleaning services. Its economics depend on fuel supply volumes and service activity, through a fleet-based operation serving vessel operators rather than end consumers.

TMD's profit model depends on a thin spread over marine fuel sales, so modest changes in fuel pricing or operating costs can erase operating profit.

Business quality (Weak): Weak business quality: thin gross profitability and negative operating profitability leave little buffer when fuel or vessel costs move.

Valuation: At 9× earnings, TMDE trades 62% below the Wholesale average (24×). Note: the low multiple may reflect one-time earnings items.

Bull case

  • Low valuation leaves upside: The shares trade at P/E 9.1× versus 24× for the Wholesale industry, 62% below that industry level. If TMD restores sustainable operating profitability, that gap could support a valuation re-rating.

Bear case

  • Thin spreads amplify setbacks: Gross margin is 1% and operating margin is -1%, leaving little room for pricing pressure or operating-cost increases before losses deepen. Weak profitability therefore remains the central risk to the business model.
Valuation — source: SEC EDGAR (first-party)
Price$0.70
Market Cap$17.06M
P/E Ratio9.1
EV / EBITDA9.5
Price / Book0.75
Price / Sales0.02
FCF Yield-164.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$276.34M
Net Margin-1.6%
Return on Equity8.3%
Debt / Equity4.08
Current Ratio0.91
Revenue Growth (YoY)8.8%
EPS Growth (YoY)-10.0%
FCF Growth (YoY)1023.9%
Financial Health — source: SEC EDGAR
Altman Z-Score2.27 (grey)
Piotroski F-Score1/9 (weak)
Valuation vs Sector & Industry
Stock P/E9.1
Sector P/E (Consumer Discretionary)20.2
Industry P/E (Wholesale)23.9
vs Sector-54.9%
vs Industry-61.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderJANE STREET GROUP, LLC ($54535.00)
Institutional Holders Tracked9
Company
SectorConsumer Discretionary
IndustryWholesale
CEOKam Choy Ron
Employees66
CountryUS
IPO Date2025-04-21

Related Companies (Wholesale; 8 comparable wholesalers)

  • Nordic American Tankers Limited (NAT)
  • Air T, Inc. (AIRT)
  • SEACOR Marine Holdings Inc. (SMHI)
  • Genco Shipping & Trading Limited (GNK)
  • Dorian LPG Ltd. (LPG)
  • Verra Mobility Corporation (VRRM)
  • Himalaya Shipping Ltd. (HSHP)
  • Pamt Corp. (PAMT)
TMDE earnings history · TMDE institutional & insider holders · TMDE KPIs & operating metrics · TMDE financials · TMDE investor presentations & press releases · TMDE SEC filings · TMDE peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-03.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.