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TMD Energy Limited (TMDE) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of TMD Energy Limited stock $1.12, price $0.48, upside +133.3%, quality 49 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.

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Energy US · Based in Malaysia · ISIN KYG889531078

TE TMD Energy Limited logo Thin data Nov 7, 2026

TMD Energy Limited

TMDE · US
Cheap, value-trap risk

The stock costs 57% less than our calculation considers fair.

Fair value $1.12 · Strongly undervalued
Low debt
Even on cautious assumptions the value is 113% above the price ($1.02).
Quality 49/100
Mixed Growth (revenue YoY +8.8 %/yr in USD)
Loss over the last twelve months · -1.6% net margin (TTM) · fiscal year 2024 0.3%
Mixed vs. peers (4/10)
Negative free cash flow
Narrow moat 23/100
Thin data
⟳ Cyclical⚠ Small free float
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$5.78 $0.4100 Fair Value $1.12 Apr 2025 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

19‑month range $0.4100 – $5.78 · fair‑value band $1.02 – $1.59 · the $0.4800 price screens below the $1.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

TMD Energy Limited, an investment holding company, provides marine fuel bunkering services in Hong Kong, Malaysia, Indonesia, Singapore, and Vietnam.

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The company involved in marketing and supply of marine gas and fuel oil, including high sulfur fuel oil, low sulfur fuel oil, and very low sulfur fuel oil products to ships and vessels.

It also provides vessel chartering and ship management services for in-house and external vessels; sale of cargo oil and fresh water; and general cleaning and disinfecting services. It operates with a fleet of 15 well-maintained bunkering vessels.

TMD Energy Limited was incorporated in 2023 and is based in the Kuala Lumpur, Malaysia. TMD Energy Limited is a subsidiary of Straits Energy Resources Berhad.

Stock analysis

TMD Energy Limited (TMDE) currently trades at $0.4800, while our model-based Fair Value estimate is $1.12, implying the stock looks roughly 57% undervalued today.

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Valuation

Bull case: the Economic Profit group reads highest at a median of $1.72 per share, and 10 of the 12 models we run sit above the $0.4800 price.

Bear case: the Asset-Based group reads lowest at $0.5100, and 2 of the 12 models stay below the price. Data coverage for this calculation is low.

Scenario range: $1.02 (bear) to $1.59 (bull), the price of $0.4800 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 49/100 (below-average quality), in the Energy sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

TMD Energy Limited reported revenue of $689M in FY2024 versus $702M in FY2022, a compound −1.0%/yr. Reported net income was $1.9M in FY2024, compounding −11.1%/yr from FY2022.

Key figures

Market cap $11.3M Micro · P/S ratio 0.02 · EPS (TTM) $−0.5500 · Net margin −1.6% · Return on equity 9.9% · Return on assets (EBIT) 4.5% (3-year average) · Operating margin 1.8% · Revenue (TTM) $553M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (medium confidence).

What moves the price

The share trades about 88% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at −30% fair-value upside, at 133%, TMDE screens cheaper than that median.

Fair Value models

Bear $1.02 Fair Value $1.12 Bull $1.59
Price $0.4800 · Upside +133.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV $2.39 $2.65 $2.88 74
ROIC Compounder $2.40 $2.69 $2.95 66
Residual Income $0.6700 $0.7400 $0.9100 64
All 13 models by family
Earnings-Based
Graham-Dodd $0.5400 $1.36 $1.77 59
PEG = 1.0 $0.2500 $0.3600 $0.4700 52
EPV $2.39 $2.65 $2.88 74
Multiples
P/E Multiple $0.8400 $1.12 $1.39 63
P/S Multiple $1.02 $1.35 $1.69 58
P/B Multiple $1.02 $1.37 $1.71 55
EV/EBIT n/a n/a $0.4700 61
EV/EBITDA n/a $0.0400 >$0.1600 62
EV/Revenue n/a $0.6000 $1.59 50
Asset-Based
NCAV (Graham) $0.3800 $0.5100 $0.7600 54
Economic Profit
Residual Income $0.6700 $0.7400 $0.9100 64
ROIC Compounder $2.40 $2.69 $2.95 66
Growth Earnings
Growth-Adj P/E $0.6700 $0.9600 $1.25 61

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Quality Score breakdown

Overall quality 49/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 42
How much profit the company makes from its sales and capital
Quality Growth 60
Are margins and returns getting better?
Cashflow 4
Do the profits arrive as real cash?
Financial strength 36
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 12
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 1
Distance to the 52-week high, does not count
New shares 68
Buys back shares or issues new ones?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 38/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Midstream · 81 stocks

Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 49 · Below median
Fair Value upside +133.3% · Top 25%
Profitability
Return on equity (12 months) 9.9% · Below median
Return on assets 1.7% · Bottom 25%
Net margin (12 months) −1.6% · Bottom 25%
Operating margin (12 months) 1.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −10.7% · Bottom 25%
Balance sheet
Debt / equity 0.03× · Lowest 25%

Valuation Multiplesvs Oil & Gas Midstream median · lower = cheaper

P/B 0.63× · Cheapest 25%
P/S (12 months) 0.02× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 7
FUTURE (revenue growth)0 · sector 100
PAST (return on equity)40 · sector 52
HEALTH (low debt)99 · sector 55
DIVIDEND (yield)0 · sector 79

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
MPLX LP owns and MPLX $55.91 $70.89 +27% vs TMDE
Cheniere Energy, Inc LNG $277.95 $341.70 +23% vs TMDE
Kinder Morgan, Inc KMI $29.96 $28.04 −6% vs TMDE
Energy Transfer LP, ET $18.92 $15.12 −20% vs TMDE
ONEOK, Inc OKE $85.19 $59.87 −30% vs TMDE
Enterprise Products Partners L.P. EPD $37.03 $24.66 −33% vs TMDE
Enbridge Inc ENB $46.89 $25.62 −45% vs TMDE
TC Energy Corporation TRP $61.92 $17.35 −72% vs TMDE
Targa Resources Corp TRGP $264.59 $64.88 −75% vs TMDE
The Williams Companies, Inc WMB $64.08 $11.72 −82% vs TMDE

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TMD Energy Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "TMD Energy Limited Fair Value". https://www.fairvalue-calculator.com/stock/TMDE

Frequently asked questions

Is TMD Energy Limited (TMDE) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $1.12 versus a price of $0.4800, about +133% upside (undervalued).
What is the fair value of TMDE?
Our model-based fair value for TMD Energy Limited is $1.12 (as of Nov 7, 2026), built from audited fundamentals. The current price: $0.4800.
What is the quality score of TMDE?
TMD Energy Limited has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for TMD Energy Limited (TMDE)?
Our model-based price target is the fair value of $1.12 (as of Nov 7, 2026) from 13 valuation models. Cautious scenario $1.02, optimistic scenario $1.59. It is a calculation from audited fundamentals, not an analyst target.
What is the TMD Energy Limited stock forecast for 2026?
Our models put fair value at $1.12, about +133% upside versus a price of $0.4800 (undervalued). Cautious scenario $1.02, optimistic scenario $1.59. The calculation is refreshed regularly with new filings.
What is the revenue of TMD Energy Limited (TMDE)?
TMD Energy Limited reported trailing-twelve-month revenue of about $553M (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of TMD Energy Limited (TMDE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TMD Energy Limited it is $1.12 per share (as of Nov 7, 2026), against a price of $0.4800. It is the blended result of 13 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is TMD Energy Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, TMDE trades below its calculated fair value: price $0.4800, fair value $1.12, a gap of about +133% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TMDE?
No. The price is what the market pays today ($0.4800); the fair value is what the company's own numbers justify ($1.12). For TMD Energy Limited the two are $0.6400 per share apart. That gap is exactly why we show both numbers side by side.
How much is TMD Energy Limited worth?
The market values TMD Energy Limited at about $11.3M (market capitalisation, as of Nov 7, 2026). Per share that is $0.4800; our models calculate a fair value of $1.12 per share.
What do the bullish and bearish scenarios say about TMDE?
Our models span a range for TMD Energy Limited: cautious scenario $1.02, base $1.12, optimistic $1.59 per share (as of Nov 7, 2026, price $0.4800). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of TMD Energy Limited (TMDE)?
Balance-sheet figures for TMD Energy Limited (as of Nov 7, 2026): return on equity 9.9%, debt of 0.03 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is TMDE from its 52-week high?
TMD Energy Limited trades at $0.4800, about 88% below its 52-week high of $4.04 and 17% above the low of $0.4100 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $1.12 is for.
Which stocks are comparable to TMD Energy Limited?
From the same area (Energy) we also value Enbridge Inc, The Williams Companies, Inc, Enterprise Products Partners L.P., Kinder Morgan, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TMD Energy Limited stock attractive at the current price?
The data as of Nov 7, 2026: price $0.4800, calculated fair value $1.12 (+133%), Quality Score 49/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TMDE calculated?
We run TMD Energy Limited through 13 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $1.12 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. TMD Energy Limited currently trades 57% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of TMD Energy Limited (TMDE)?
The closing price on Nov 6, 2026 was $0.4800. Our model-based fair value is $1.12, about +133% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TMD Energy Limited right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($1.02). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of TMD Energy Limited

How large is the market capitalisation of TMD Energy Limited (TMDE)?
The market capitalisation of TMD Energy Limited is $11.3M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TMD Energy Limited (TMDE)?
The price-to-sales ratio of TMD Energy Limited is 0.02 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TMD Energy Limited (TMDE)?
Earnings per share at TMD Energy Limited are $−0.5500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of TMD Energy Limited (TMDE)?
The net margin of TMD Energy Limited is −1.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of TMD Energy Limited (TMDE)?
The return on equity (ROE) of TMD Energy Limited is 9.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of TMD Energy Limited (TMDE)?
On an EBIT basis the return on assets of TMD Energy Limited is 4.5% (avg 3y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of TMD Energy Limited (TMDE)?
The operating margin of TMD Energy Limited is 1.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TMD Energy Limited (TMDE)?
Revenue at TMD Energy Limited is growing −10.7% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at TMD Energy Limited (TMDE)?
Earnings per share at TMD Energy Limited are growing +1.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TMD Energy Limited (TMDE) generate?
The free cash flow of TMD Energy Limited is −$28.0M (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does TMD Energy Limited (TMDE) carry?
The net debt of TMD Energy Limited is $63.8M (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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