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CHARBONE Hydrogen Corporation (CH) Fair Value & Analysis

Basic Materials · CA · Market cap C$34.7M (≈ $25.1M)

What is CHARBONE Hydrogen Corporation really worth?

CH CHARBONE Hydrogen Corporation CH · V
PriceC$0.1500
Fair ValueC$0.0170
Upside−88.7%
Quality4/100

Below-average quality, and trading another 783% above our fair value of C$0.0170.

As of Jun 24, 2026, the fair value of CHARBONE Hydrogen Corporation is C$0.0170 per share against a price of C$0.1500, so the fair value sits 89% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Mixed Growth (revenue 3y +109.4 %/yr)
!Thin margins · 0.0% net margin
!Moderate debt · negative free cash flow
!Trails peers (1/9)
!Narrow moat 8/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range C$0.0085 – C$0.0170

Fair value as of: Jun 24, 2026

From 1 valuation models · updated 73 days ago

Share price +25.0% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (C$0.0170). The favourable scenario is already priced in.
  • Weak quality (4/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (C$0.0085 to C$0.0170) leaves room in how you read the outcome.

Price vs Fair Value (4 years)

C$0.3700 C$0.0250 Fair Value C$0.0170 May 2022 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 24, 2026.

How to read this chart

52‑month range C$0.0250 – C$0.3700 · fair‑value band C$0.0085 – C$0.0170 · the C$0.1500 price screens above the C$0.0170 fair value. Dashed = 300-day average. As of Jun 24, 2026.

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Analysis

CHARBONE Hydrogen Corporation (CH) currently trades at C$0.1500, while our model-based Fair Value estimate is C$0.0170, implying the stock looks roughly 782.6% overvalued today. The Quality Score stands at 4/100 (below-average quality), in the Basic Materials sector. How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at C$492K. Net debt stands at C$2.6M. Fundamentals as of Jun 24, 2026

Our scenario range runs from C$0.0085 (bear case) to C$0.0170 (bull case); at C$0.1500, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 66% below its 52-week high and 173% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −48% fair-value upside, at −89%, CH screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
NCAV (Graham) best evidence C$0.0100 51
All 1 models by family
Asset-Based
NCAV (Graham) best evidence C$0.0100 51

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Key figures & financial health

P/S ratio 70.5 TTM
EPS (TTM) C$−0.0200
Return on equity −154% TTM
Return on assets (EBIT) −54.7% avg 5y
Operating margin −372% TTM
Revenue (TTM) C$492K TTM
More key figures
Growth
Revenue growth (YoY) +47.3% 3y avg +109%
Balance sheet & cash flow
Free cash flow −C$2.4M FY2025
Net debt C$2.6M FY2025

Figures from reported company fundamentals · as of Jun 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 4/100

Of which business quality 8 · Market factors (momentum, volatility) 62

Profitability 0
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 26
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Charbone Corporation operates as an integrated green hydrogen company in North America and Malaysia. It engages in the production of green hydrogen, the operation of hydroelectric power plant, and the sale and maintenance of hydrogen equipment.

Full company description

Charbone Corporation operates as an integrated green hydrogen company in North America and Malaysia. It engages in the production of green hydrogen, the operation of hydroelectric power plant, and the sale and maintenance of hydrogen equipment. The company was formerly known as Charbone Hydrogen Corporation and changed its name to Charbone Corporation in June 2026. The company is based in Varennes, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CHARBONE Hydrogen Corporation reported revenue of C$206K in FY2025 versus C$0 in FY2021. Reported net income was −C$2.7M in FY2025.

Growth Quality 20/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$206K
Latest YoY
−36.7%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+109.4%
EBIT margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−19,245.3% (2022) → −1,340.8% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue
FY21 C$0
FY22 C$22.5K
FY23 C$283K
FY24 C$326K
FY25 C$206K
Net income
FY21 −C$4.0M
FY22 −C$7.4M
FY23 −C$3.2M
FY24 −C$2.8M
FY25 −C$2.7M

CH screens 783% overvalued. Compare with Saudi Basic Industries Corporation →

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Cite: Fair Value Calculator (2026). "CHARBONE Hydrogen Corporation Fair Value". https://www.fairvalue-calculator.com/stock/CH.V

Peer Group

Chemicals · 340 stocks

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.

Quality Score 8 · Bottom 25%
Fair Value upside −89% · Bottom 25%
Return on assets −15% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth 47% · Top 25%
Debt / equity 0.89× · Higher than 75% of peers

Valuation Multiples vs Chemicals median · lower = cheaper

P/B 13.91× · Pricier than 75% of peers
P/S (TTM) 50.98× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 22
PAST0 · sector 20
HEALTH56 · sector 94
DIVIDEND0 · sector 32

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

None of the checked exposures detected

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Saudi Basic Industries Corporation 2010 49.50 SAR 18.13 SAR −63%
A. Schulman, Inc SLMNP $849.00 $203.64 −76%
Ningxia Baofeng Energy Group 600989 ¥24.49 ¥20.17 −18%
Dow Inc DOW $30.51 $21.03 −31%
Zhejiang Juhua Co 600160 ¥41.32 ¥21.62 −48%
Rongsheng Petrochemical Co 002493 ¥13.76 ¥2.39 −83%
Zangge Mining Company 000408 ¥78.04 ¥20.99 −73%
PT Barito Pacific Tbk, BRPT 1,855 IDR 1,584 IDR −15%
Ganfeng Lithium Group 002460 ¥52.53 ¥16.17 −69%
Hengli Petrochemical Co 600346 ¥18.87 ¥17.09 −9%

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Frequently asked questions

Is CHARBONE Hydrogen Corporation (CH) overvalued or undervalued?
As of Jun 24, 2026, our model estimates a fair value of C$0.0170 versus a price of C$0.1500, about −89% upside (overvalued).
What is the fair value of CH?
Our model-based fair value for CHARBONE Hydrogen Corporation is C$0.0170 (as of Jun 24, 2026), built from audited fundamentals. The current price: C$0.1500.
What is the quality score of CH?
CHARBONE Hydrogen Corporation has a Quality Score of 4/100. 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 CHARBONE Hydrogen Corporation (CH)?
Our model-based price target is the fair value of C$0.0170 (as of Jun 24, 2026) from 1 valuation models. Cautious scenario C$0.0085, optimistic scenario C$0.0170. It is a calculation from audited fundamentals, not an analyst target.
What is the CHARBONE Hydrogen Corporation stock forecast for 2026?
Our models put fair value at C$0.0170, about −89% upside versus a price of C$0.1500 (overvalued). Cautious scenario C$0.0085, optimistic scenario C$0.0170. The calculation is refreshed regularly with new filings.
What is the revenue of CHARBONE Hydrogen Corporation (CH)?
CHARBONE Hydrogen Corporation reported trailing-twelve-month revenue of about C$492K (latest available figure, as of Jun 24, 2026).
What is the net profit margin of CH?
The net profit margin of CHARBONE Hydrogen Corporation is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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