CN ENERGY GROUP INC. (CNEY) 10-Year Financial Performance & Capital Metrics

CNEY • • Industrial / General

Basic MaterialsSpecialty ChemicalsActivated Carbon & Purification MaterialsActivated Carbon Producers

AboutCN Energy Group. Inc. manufactures and supplies wood-based activated carbon in China. The company's activated carbon is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production. It also produces biomass electricity for State Grid Heilongjiang, a subsidiary of State Grid Corporation of China in Heilongjiang Province. The company was incorporated in 2018 and is based in Lishui, China.Show more

Revenue $51M -12.0%
EBITDA -$10M -188.9%
Net Income -$14M -149.6%
EPS (Diluted) -103.27 -32.4%
Gross Margin -0.36% -126.1%
EBITDA Margin -19.38% -228.2%
Operating Margin -24.51% -129.7%
Net Margin -27.55% -183.6%
ROE -14.01% -108.3%
ROIC -9.04% -56.6%
Debt/Equity -
Interest Coverage -37.17 -328.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 36.1%
✓Trading at only 0.0x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 1 (bottom 1%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y36.15%

3Y36.93%

TTM36.74%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-522.75%

EPS CAGR

10Y-

5Y-

3Y-

TTM-507.7%

ROCE

10Y Avg0.26%

5Y Avg-1.63%

3Y Avg-6.36%

Latest-12.45%

Peer Comparison

Activated Carbon Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ODCOil-Dri Corporation of America	557.58M	53.91	14.34	10.97%	10.73%	19.25%	8.54%	0.21
CNEYCN ENERGY GROUP INC.	2.65M	0.53	-0.01	-11.99%	-8.35%	-8.37%
NGVTIngevity Corporation	2.41B	66.93	-5.65	-16.88%	-5.14%	-47.72%	2.12%	7.45

Profit & Loss

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Sales/Revenue+	1.37M	8.09M	10.89M	12.48M	19.85M	40.21M	57.9M	50.96M
Revenue Growth %	-	4.9%	0.35%	0.15%	0.59%	1.03%	0.44%	-0.12%
Cost of Goods Sold+	1.65M	6.27M	7.92M	9.12M	17.23M	36.56M	57.11M	51.14M
COGS % of Revenue	1.2%	0.78%	0.73%	0.73%	0.87%	0.91%	0.99%	1%
Gross Profit+	-277.81K	1.82M	2.97M	3.36M	2.62M	3.64M	788.65K	-181.11K
Gross Margin %	-0.2%	0.22%	0.27%	0.27%	0.13%	0.09%	0.01%	-0%
Gross Profit Growth %	-	7.54%	0.64%	0.13%	-0.22%	0.39%	-0.78%	-1.23%
Operating Expenses+	741.83K	107.15K	1.2M	884.63K	953.89K	3.18M	6.97M	12.31M
OpEx % of Revenue	0.54%	0.01%	0.11%	0.07%	0.05%	0.08%	0.12%	0.24%
Selling, General & Admin	699.89K	718.45K	1.19M	1.07M	1.65M	-2.15M	5.78M	3.2M
SG&A % of Revenue	0.51%	0.09%	0.11%	0.09%	0.08%	-0.05%	0.1%	0.06%
Research & Development	41.94K	43.72K	593.99K	287.3K	385.52K	-1.03M	988.56K	135.15K
R&D % of Revenue	0.03%	0.01%	0.05%	0.02%	0.02%	-0.03%	0.02%	0%
Other Operating Expenses	0	-35.06K	-587.96K	-470.87K	-1.08M	6.36M	195.36K	8.98M
Operating Income+	-1.02M	1.06M	1.78M	2M	583.38K	459.83K	-6.18M	-12.49M
Operating Margin %	-0.74%	0.13%	0.16%	0.16%	0.03%	0.01%	-0.11%	-0.25%
Operating Income Growth %	-	2.03%	0.69%	0.12%	-0.71%	-0.21%	-14.44%	-1.02%
EBITDA+	95.27K	2.2M	2.83M	3.03M	1.8M	2M	-3.42M	-9.88M
EBITDA Margin %	0.07%	0.27%	0.26%	0.24%	0.09%	0.05%	-0.06%	-0.19%
EBITDA Growth %	-	22.06%	0.29%	0.07%	-0.41%	0.11%	-2.71%	-1.89%
D&A (Non-Cash Add-back)	1.11M	1.14M	1.05M	1.03M	1.21M	1.54M	2.76M	2.61M
EBIT	-925.11K	1.06M	1.78M	2M	1.73M	2.7M	-5.14M	-13.71M
Net Interest Income+	0	0	-6.55K	-27.69K	191.23K	545.65K	-712K	-335.57K
Interest Income	437	0	0	0	191.23K	702.87K	489	388
Interest Expense	0	0	6.55K	27.69K	0	157.22K	712.49K	335.96K
Other Income/Expense	94.53K	619.97K	588.72K	511.2K	1.15M	2.08M	330.56K	-1.56M
Pretax Income+	-925.11K	1.68M	1.78M	2.51M	1.73M	2.54M	-5.85M	-14.05M
Pretax Margin %	-0.67%	0.21%	0.16%	0.2%	0.09%	0.06%	-0.1%	-0.28%
Income Tax+	-113.11K	112.63K	108.81K	170.12K	437.35K	314.27K	-222.12K	-8.93K
Effective Tax Rate %	0.88%	0.93%	0.94%	0.93%	0.75%	0.88%	0.96%	1%
Net Income+	-811.99K	1.56M	1.67M	2.34M	1.3M	2.23M	-5.63M	-14.04M
Net Margin %	-0.59%	0.19%	0.15%	0.19%	0.07%	0.06%	-0.1%	-0.28%
Net Income Growth %	-	2.92%	0.07%	0.41%	-0.45%	0.72%	-3.52%	-1.5%
Net Income (Continuing)	-811.99K	1.56M	1.67M	2.34M	1.3M	2.23M	-5.63M	-14.04M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0
EPS (Diluted)+	-52.76	117.20	125.09	175.86	15.86	77.21	-78.01	-103.27
EPS Growth %	-	3.22%	0.07%	0.41%	-0.91%	3.87%	-2.01%	-0.32%
EPS (Basic)	-52.76	117.20	125.09	175.86	15.86	77.21	-78.01	-70.27
Diluted Shares Outstanding	15.39K	13.33K	13.33K	13.33K	20.26K	28.88K	72.12K	199.8K
Basic Shares Outstanding	15.39K	13.33K	13.33K	13.33K	20.26K	28.88K	72.12K	199.8K
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Current Assets+	12.61M	12.41M	10.01M	14.7M	48.89M	74.22M	72.45M	61.5M
Cash & Short-Term Investments	78.01K	1.9M	1.56M	1.57M	3.29M	18.05M	195.5K	317.32K
Cash Only	78.01K	1.9M	1.56M	1.57M	190.76K	18.05M	195.5K	317.32K
Short-Term Investments	0	0	0	0	3.1M	0	0	0
Accounts Receivable	8.21M	3.05M	4.18M	8.73M	33.53M	18.88M	29.01M	30.5M
Days Sales Outstanding	2.19K	137.59	140.02	255.32	616.62	171.41	182.9	218.46
Inventory	4.24M	2.65M	2.45M	2.81M	1.12M	784.25K	41.7M	29.82M
Days Inventory Outstanding	938.19	154.19	112.93	112.48	23.65	7.83	266.51	212.82
Other Current Assets	0	2.68M	0	1.56M	155.02K	495.34K	-768	0
Total Non-Current Assets+	13.97M	11.94M	14.21M	16.74M	20.08M	20.73M	53.75M	36.86M
Property, Plant & Equipment	13.03M	11.25M	12.81M	15.32M	19.09M	19.92M	42.39M	2.14M
Fixed Asset Turnover	0.11x	0.72x	0.85x	0.81x	1.04x	2.02x	1.37x	23.86x
Goodwill	0	0	0	0	0	0	0	0
Intangible Assets	0	374.55K	801.68K	1.02M	952.61K	804.25K	6.66M	6.21M
Long-Term Investments	0	0	0	-1.18M	0	0	0	0
Other Non-Current Assets	819.77K	314.78K	593.22K	1.56M	0	0	4.7M	28.52M
Total Assets+	26.57M	24.35M	24.22M	31.44M	68.96M	94.94M	126.2M	98.36M
Asset Turnover	0.05x	0.33x	0.45x	0.40x	0.29x	0.42x	0.46x	0.52x
Asset Growth %	-	-0.08%	-0.01%	0.3%	1.19%	0.38%	0.33%	-0.22%
Total Current Liabilities+	10.52M	7.31M	6.23M	7.7M	5.64M	30.46M	22.52M	1.45M
Accounts Payable	7.72M	6.1M	3.95M	4.83M	1.78M	7.49M	12.57M	535.22K
Days Payables Outstanding	1.71K	354.58	181.89	193.37	37.64	74.74	80.31	3.82
Short-Term Debt	163.38K	0	277.37K	1.61M	1.5M	3.73M	7.22M	0
Deferred Revenue (Current)	1000K	733.28K	605K	120.38K	111.3K	96.54K	83.19K	0
Other Current Liabilities	468.99K	1.21M	1.35M	890.71K	1.87M	18.88M	2.09M	637.38K
Current Ratio	1.20x	1.70x	1.61x	1.91x	8.66x	2.44x	3.22x	42.41x
Quick Ratio	0.80x	1.33x	1.21x	1.54x	8.47x	2.41x	1.37x	21.85x
Cash Conversion Cycle	1.41K	-62.8	71.07	174.43	602.64	104.49	369.1	427.46
Total Non-Current Liabilities+	0	0	0	621.31K	641.07K	698.01K	108.28K	0
Long-Term Debt	0	0	0	0	22.03K	421.73K	34.27K	0
Capital Lease Obligations	0	0	0	65.59K	32.35K	15.48K	0	0
Deferred Tax Liabilities	0	0	0	-555.73K	97.25K	53.44K	34.15K	0
Other Non-Current Liabilities	0	0	0	555.73K	0	0	0	0
Total Liabilities	10.52M	7.31M	6.23M	8.32M	6.28M	31.16M	22.63M	1.45M
Total Debt+	0	0	277.37K	1.75M	1.59M	4.2M	7.29M	0
Net Debt	-78.01K	-1.9M	-1.28M	178.31K	1.4M	-13.85M	7.09M	-317.32K
Debt / Equity	-	-	0.02x	0.08x	0.03x	0.07x	0.07x	-
Debt / EBITDA	-	-	0.10x	0.58x	0.89x	2.10x	-	-
Net Debt / EBITDA	-0.82x	-0.86x	-0.45x	0.06x	0.78x	-6.93x	-	-
Interest Coverage	-	-	272.12x	72.36x	-	2.92x	-8.67x	-37.17x
Total Equity+	16.06M	17.04M	18M	23.12M	62.68M	63.78M	103.56M	96.91M
Equity Growth %	-	0.06%	0.06%	0.28%	1.71%	0.02%	0.62%	-0.06%
Book Value per Share	1043.32	1278.05	1349.70	1733.90	3093.27	2208.53	1436.01	485.05
Total Shareholders' Equity	16.06M	17.04M	18M	23.12M	62.68M	63.78M	103.56M	96.91M
Common Stock	14.01M	14.01M	14.01M	14.01M	52.98M	58.51M	106.15M	108.72M
Retained Earnings	-5.19M	-3.62M	-1.96M	259.51K	394.56K	2.42M	-3.21M	-16.74M
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	-653.95K	-1.23M	-1.94M	-837.28K	438.37K	-6.01M	-8.24M	-3.93M
Minority Interest	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	3.72M	-2.92M	148.54K	-1.82M	-11.59M	-7.51M	-30.16M	-2.37M
Operating CF Margin %	2.72%	-0.36%	0.01%	-0.15%	-0.58%	-0.19%	-0.52%	-0.05%
Operating CF Growth %	-	-1.78%	1.05%	-13.25%	-5.37%	0.35%	-3.01%	0.92%
Net Income	-811.99K	1.56M	1.67M	2.34M	1.3M	2.23M	-5.63M	-14.04M
Depreciation & Amortization	1.11M	1.14M	1.06M	1.04M	1.23M	1.54M	2.76M	2.61M
Stock-Based Compensation	0	0	0	0	0	0	0	0
Deferred Taxes	-113.11K	112.63K	-1.92K	-8.41K	83.89K	-9.03K	-961.51K	-8.98K
Other Non-Cash Items	-86.84K	-114.95K	-104.59K	96.2K	-2.33K	235.91K	1.65M	8.61M
Working Capital Changes	3.64M	-5.66M	-2.47M	-5.29M	-14.2M	-11.51M	-27.99M	454.59K
Change in Receivables	1.77M	-1.9M	-1.29M	-4.22M	-3.16M	-8.5M	-11.27M	10.86M
Change in Inventory	-1.58M	1.5M	104.03K	-231.16K	1.83M	248.68K	-23.91M	183.9K
Change in Payables	2.02M	-1.46M	-4.11M	-1.06M	-3.28M	6.36M	5.45M	-4.02M
Cash from Investing+	-1.44M	4.83M	-1.21M	-875.83K	-27.92M	2.17M	-1.45M	1.57M
Capital Expenditures	-94.72K	-1.93K	-1.46M	-19.36K	-4.19M	-3.92M	-683.39K	0
CapEx % of Revenue	0.07%	0%	0.13%	0%	0.21%	0.1%	0.01%	-
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	0	4.83M	-573.4K	-856.48K	-20.66M	20.79M	-769.88K	0
Cash from Financing+	-2.23M	0	790.27K	2.62M	38.02M	24.94M	13.43M	925.83K
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-2.23M	0	0	-26.93K	-3.34M	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	3.63M	-2.92M	-1.31M	-1.84M	-15.78M	-11.43M	-30.85M	-2.37M
FCF Margin %	2.65%	-0.36%	-0.12%	-0.15%	-0.8%	-0.28%	-0.53%	-0.05%
FCF Growth %	-	-1.8%	0.55%	-0.4%	-7.58%	0.28%	-1.7%	0.92%
FCF per Share	235.78	-218.89	-98.37	-137.87	-778.78	-395.77	-427.75	-11.87
FCF Conversion (FCF/Net Income)	-4.59x	-1.87x	0.09x	-0.78x	-8.94x	-3.37x	5.36x	0.17x
Interest Paid	0	0	6.73K	27.87K	58.7K	45.22K	241.48K	36.73K
Taxes Paid	0	13.49K	15.18K	93.09K	387.6K	71.85K	28.76K	59

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-5.06%	9.44%	9.52%	11.41%	3.02%	3.53%	-6.72%	-14.01%
Return on Invested Capital (ROIC)	-4.79%	5.09%	8.4%	7.51%	1%	0.6%	-5.77%	-9.04%
Gross Margin	-20.27%	22.46%	27.29%	26.92%	13.18%	9.06%	1.36%	-0.36%
Net Margin	-59.25%	19.31%	15.31%	18.79%	6.53%	5.55%	-9.72%	-27.55%
Debt / Equity	-	-	0.02x	0.08x	0.03x	0.07x	0.07x	-
Interest Coverage	-	-	272.12x	72.36x	-	2.92x	-8.67x	-37.17x
FCF Conversion	-4.59x	-1.87x	0.09x	-0.78x	-8.94x	-3.37x	5.36x	0.17x
Revenue Growth	-	490.41%	34.62%	14.53%	59.08%	102.58%	44.01%	-11.99%

Revenue by Segment

	2021	2022	2023
Activated Carbon	19.57M	39.93M	-
Activated Carbon Growth	-	103.98%	-
Technology Services	-	-	-
Technology Services Growth	-	-	-
Electricity	143.24K	150.72K	-
Electricity Growth	-	5.22%	-
Technology Service	130.41K	129.18K	-
Technology Service Growth	-	-0.95%	-

Frequently Asked Questions

Growth & Financials

CN ENERGY GROUP INC. (CNEY) reported $102.6M in revenue for fiscal year 2024. This represents a 7383% increase from $1.4M in 2017.

CN ENERGY GROUP INC. (CNEY) saw revenue decline by 12.0% over the past year.

CN ENERGY GROUP INC. (CNEY) reported a net loss of $8.6M for fiscal year 2024.

Dividend & Returns

CN ENERGY GROUP INC. (CNEY) has a return on equity (ROE) of -14.0%. Negative ROE indicates the company is unprofitable.

CN ENERGY GROUP INC. (CNEY) had negative free cash flow of $5.1M in fiscal year 2024, likely due to heavy capital investments.

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CN ENERGY GROUP INC. (CNEY) 10-Year Financial Performance & Capital Metrics

CNEY • • Industrial / General

Basic MaterialsSpecialty ChemicalsActivated Carbon & Purification MaterialsActivated Carbon Producers

Revenue $51M -12.0%
EBITDA -$10M -188.9%
Net Income -$14M -149.6%
EPS (Diluted) -103.27 -32.4%
Gross Margin -0.36% -126.1%
EBITDA Margin -19.38% -228.2%
Operating Margin -24.51% -129.7%
Net Margin -27.55% -183.6%
ROE -14.01% -108.3%
ROIC -9.04% -56.6%
Debt/Equity -
Interest Coverage -37.17 -328.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 36.1%
✓Trading at only 0.0x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 1 (bottom 1%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y36.15%

3Y36.93%

TTM36.74%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-522.75%

EPS CAGR

10Y-

5Y-

3Y-

TTM-507.7%

ROCE

10Y Avg0.26%

5Y Avg-1.63%

3Y Avg-6.36%

Latest-12.45%

Peer Comparison

Activated Carbon Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ODCOil-Dri Corporation of America	557.58M	53.91	14.34	10.97%	10.73%	19.25%	8.54%	0.21
CNEYCN ENERGY GROUP INC.	2.65M	0.53	-0.01	-11.99%	-8.35%	-8.37%
NGVTIngevity Corporation	2.41B	66.93	-5.65	-16.88%	-5.14%	-47.72%	2.12%	7.45

Profit & Loss

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Sales/Revenue+	1.37M	8.09M	10.89M	12.48M	19.85M	40.21M	57.9M	50.96M
Revenue Growth %	-	4.9%	0.35%	0.15%	0.59%	1.03%	0.44%	-0.12%
Cost of Goods Sold+	1.65M	6.27M	7.92M	9.12M	17.23M	36.56M	57.11M	51.14M
COGS % of Revenue	1.2%	0.78%	0.73%	0.73%	0.87%	0.91%	0.99%	1%
Gross Profit+	-277.81K	1.82M	2.97M	3.36M	2.62M	3.64M	788.65K	-181.11K
Gross Margin %	-0.2%	0.22%	0.27%	0.27%	0.13%	0.09%	0.01%	-0%
Gross Profit Growth %	-	7.54%	0.64%	0.13%	-0.22%	0.39%	-0.78%	-1.23%
Operating Expenses+	741.83K	107.15K	1.2M	884.63K	953.89K	3.18M	6.97M	12.31M
OpEx % of Revenue	0.54%	0.01%	0.11%	0.07%	0.05%	0.08%	0.12%	0.24%
Selling, General & Admin	699.89K	718.45K	1.19M	1.07M	1.65M	-2.15M	5.78M	3.2M
SG&A % of Revenue	0.51%	0.09%	0.11%	0.09%	0.08%	-0.05%	0.1%	0.06%
Research & Development	41.94K	43.72K	593.99K	287.3K	385.52K	-1.03M	988.56K	135.15K
R&D % of Revenue	0.03%	0.01%	0.05%	0.02%	0.02%	-0.03%	0.02%	0%
Other Operating Expenses	0	-35.06K	-587.96K	-470.87K	-1.08M	6.36M	195.36K	8.98M
Operating Income+	-1.02M	1.06M	1.78M	2M	583.38K	459.83K	-6.18M	-12.49M
Operating Margin %	-0.74%	0.13%	0.16%	0.16%	0.03%	0.01%	-0.11%	-0.25%
Operating Income Growth %	-	2.03%	0.69%	0.12%	-0.71%	-0.21%	-14.44%	-1.02%
EBITDA+	95.27K	2.2M	2.83M	3.03M	1.8M	2M	-3.42M	-9.88M
EBITDA Margin %	0.07%	0.27%	0.26%	0.24%	0.09%	0.05%	-0.06%	-0.19%
EBITDA Growth %	-	22.06%	0.29%	0.07%	-0.41%	0.11%	-2.71%	-1.89%
D&A (Non-Cash Add-back)	1.11M	1.14M	1.05M	1.03M	1.21M	1.54M	2.76M	2.61M
EBIT	-925.11K	1.06M	1.78M	2M	1.73M	2.7M	-5.14M	-13.71M
Net Interest Income+	0	0	-6.55K	-27.69K	191.23K	545.65K	-712K	-335.57K
Interest Income	437	0	0	0	191.23K	702.87K	489	388
Interest Expense	0	0	6.55K	27.69K	0	157.22K	712.49K	335.96K
Other Income/Expense	94.53K	619.97K	588.72K	511.2K	1.15M	2.08M	330.56K	-1.56M
Pretax Income+	-925.11K	1.68M	1.78M	2.51M	1.73M	2.54M	-5.85M	-14.05M
Pretax Margin %	-0.67%	0.21%	0.16%	0.2%	0.09%	0.06%	-0.1%	-0.28%
Income Tax+	-113.11K	112.63K	108.81K	170.12K	437.35K	314.27K	-222.12K	-8.93K
Effective Tax Rate %	0.88%	0.93%	0.94%	0.93%	0.75%	0.88%	0.96%	1%
Net Income+	-811.99K	1.56M	1.67M	2.34M	1.3M	2.23M	-5.63M	-14.04M
Net Margin %	-0.59%	0.19%	0.15%	0.19%	0.07%	0.06%	-0.1%	-0.28%
Net Income Growth %	-	2.92%	0.07%	0.41%	-0.45%	0.72%	-3.52%	-1.5%
Net Income (Continuing)	-811.99K	1.56M	1.67M	2.34M	1.3M	2.23M	-5.63M	-14.04M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0
EPS (Diluted)+	-52.76	117.20	125.09	175.86	15.86	77.21	-78.01	-103.27
EPS Growth %	-	3.22%	0.07%	0.41%	-0.91%	3.87%	-2.01%	-0.32%
EPS (Basic)	-52.76	117.20	125.09	175.86	15.86	77.21	-78.01	-70.27
Diluted Shares Outstanding	15.39K	13.33K	13.33K	13.33K	20.26K	28.88K	72.12K	199.8K
Basic Shares Outstanding	15.39K	13.33K	13.33K	13.33K	20.26K	28.88K	72.12K	199.8K
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Current Assets+	12.61M	12.41M	10.01M	14.7M	48.89M	74.22M	72.45M	61.5M
Cash & Short-Term Investments	78.01K	1.9M	1.56M	1.57M	3.29M	18.05M	195.5K	317.32K
Cash Only	78.01K	1.9M	1.56M	1.57M	190.76K	18.05M	195.5K	317.32K
Short-Term Investments	0	0	0	0	3.1M	0	0	0
Accounts Receivable	8.21M	3.05M	4.18M	8.73M	33.53M	18.88M	29.01M	30.5M
Days Sales Outstanding	2.19K	137.59	140.02	255.32	616.62	171.41	182.9	218.46
Inventory	4.24M	2.65M	2.45M	2.81M	1.12M	784.25K	41.7M	29.82M
Days Inventory Outstanding	938.19	154.19	112.93	112.48	23.65	7.83	266.51	212.82
Other Current Assets	0	2.68M	0	1.56M	155.02K	495.34K	-768	0
Total Non-Current Assets+	13.97M	11.94M	14.21M	16.74M	20.08M	20.73M	53.75M	36.86M
Property, Plant & Equipment	13.03M	11.25M	12.81M	15.32M	19.09M	19.92M	42.39M	2.14M
Fixed Asset Turnover	0.11x	0.72x	0.85x	0.81x	1.04x	2.02x	1.37x	23.86x
Goodwill	0	0	0	0	0	0	0	0
Intangible Assets	0	374.55K	801.68K	1.02M	952.61K	804.25K	6.66M	6.21M
Long-Term Investments	0	0	0	-1.18M	0	0	0	0
Other Non-Current Assets	819.77K	314.78K	593.22K	1.56M	0	0	4.7M	28.52M
Total Assets+	26.57M	24.35M	24.22M	31.44M	68.96M	94.94M	126.2M	98.36M
Asset Turnover	0.05x	0.33x	0.45x	0.40x	0.29x	0.42x	0.46x	0.52x
Asset Growth %	-	-0.08%	-0.01%	0.3%	1.19%	0.38%	0.33%	-0.22%
Total Current Liabilities+	10.52M	7.31M	6.23M	7.7M	5.64M	30.46M	22.52M	1.45M
Accounts Payable	7.72M	6.1M	3.95M	4.83M	1.78M	7.49M	12.57M	535.22K
Days Payables Outstanding	1.71K	354.58	181.89	193.37	37.64	74.74	80.31	3.82
Short-Term Debt	163.38K	0	277.37K	1.61M	1.5M	3.73M	7.22M	0
Deferred Revenue (Current)	1000K	733.28K	605K	120.38K	111.3K	96.54K	83.19K	0
Other Current Liabilities	468.99K	1.21M	1.35M	890.71K	1.87M	18.88M	2.09M	637.38K
Current Ratio	1.20x	1.70x	1.61x	1.91x	8.66x	2.44x	3.22x	42.41x
Quick Ratio	0.80x	1.33x	1.21x	1.54x	8.47x	2.41x	1.37x	21.85x
Cash Conversion Cycle	1.41K	-62.8	71.07	174.43	602.64	104.49	369.1	427.46
Total Non-Current Liabilities+	0	0	0	621.31K	641.07K	698.01K	108.28K	0
Long-Term Debt	0	0	0	0	22.03K	421.73K	34.27K	0
Capital Lease Obligations	0	0	0	65.59K	32.35K	15.48K	0	0
Deferred Tax Liabilities	0	0	0	-555.73K	97.25K	53.44K	34.15K	0
Other Non-Current Liabilities	0	0	0	555.73K	0	0	0	0
Total Liabilities	10.52M	7.31M	6.23M	8.32M	6.28M	31.16M	22.63M	1.45M
Total Debt+	0	0	277.37K	1.75M	1.59M	4.2M	7.29M	0
Net Debt	-78.01K	-1.9M	-1.28M	178.31K	1.4M	-13.85M	7.09M	-317.32K
Debt / Equity	-	-	0.02x	0.08x	0.03x	0.07x	0.07x	-
Debt / EBITDA	-	-	0.10x	0.58x	0.89x	2.10x	-	-
Net Debt / EBITDA	-0.82x	-0.86x	-0.45x	0.06x	0.78x	-6.93x	-	-
Interest Coverage	-	-	272.12x	72.36x	-	2.92x	-8.67x	-37.17x
Total Equity+	16.06M	17.04M	18M	23.12M	62.68M	63.78M	103.56M	96.91M
Equity Growth %	-	0.06%	0.06%	0.28%	1.71%	0.02%	0.62%	-0.06%
Book Value per Share	1043.32	1278.05	1349.70	1733.90	3093.27	2208.53	1436.01	485.05
Total Shareholders' Equity	16.06M	17.04M	18M	23.12M	62.68M	63.78M	103.56M	96.91M
Common Stock	14.01M	14.01M	14.01M	14.01M	52.98M	58.51M	106.15M	108.72M
Retained Earnings	-5.19M	-3.62M	-1.96M	259.51K	394.56K	2.42M	-3.21M	-16.74M
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	-653.95K	-1.23M	-1.94M	-837.28K	438.37K	-6.01M	-8.24M	-3.93M
Minority Interest	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	3.72M	-2.92M	148.54K	-1.82M	-11.59M	-7.51M	-30.16M	-2.37M
Operating CF Margin %	2.72%	-0.36%	0.01%	-0.15%	-0.58%	-0.19%	-0.52%	-0.05%
Operating CF Growth %	-	-1.78%	1.05%	-13.25%	-5.37%	0.35%	-3.01%	0.92%
Net Income	-811.99K	1.56M	1.67M	2.34M	1.3M	2.23M	-5.63M	-14.04M
Depreciation & Amortization	1.11M	1.14M	1.06M	1.04M	1.23M	1.54M	2.76M	2.61M
Stock-Based Compensation	0	0	0	0	0	0	0	0
Deferred Taxes	-113.11K	112.63K	-1.92K	-8.41K	83.89K	-9.03K	-961.51K	-8.98K
Other Non-Cash Items	-86.84K	-114.95K	-104.59K	96.2K	-2.33K	235.91K	1.65M	8.61M
Working Capital Changes	3.64M	-5.66M	-2.47M	-5.29M	-14.2M	-11.51M	-27.99M	454.59K
Change in Receivables	1.77M	-1.9M	-1.29M	-4.22M	-3.16M	-8.5M	-11.27M	10.86M
Change in Inventory	-1.58M	1.5M	104.03K	-231.16K	1.83M	248.68K	-23.91M	183.9K
Change in Payables	2.02M	-1.46M	-4.11M	-1.06M	-3.28M	6.36M	5.45M	-4.02M
Cash from Investing+	-1.44M	4.83M	-1.21M	-875.83K	-27.92M	2.17M	-1.45M	1.57M
Capital Expenditures	-94.72K	-1.93K	-1.46M	-19.36K	-4.19M	-3.92M	-683.39K	0
CapEx % of Revenue	0.07%	0%	0.13%	0%	0.21%	0.1%	0.01%	-
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	0	4.83M	-573.4K	-856.48K	-20.66M	20.79M	-769.88K	0
Cash from Financing+	-2.23M	0	790.27K	2.62M	38.02M	24.94M	13.43M	925.83K
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-2.23M	0	0	-26.93K	-3.34M	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	3.63M	-2.92M	-1.31M	-1.84M	-15.78M	-11.43M	-30.85M	-2.37M
FCF Margin %	2.65%	-0.36%	-0.12%	-0.15%	-0.8%	-0.28%	-0.53%	-0.05%
FCF Growth %	-	-1.8%	0.55%	-0.4%	-7.58%	0.28%	-1.7%	0.92%
FCF per Share	235.78	-218.89	-98.37	-137.87	-778.78	-395.77	-427.75	-11.87
FCF Conversion (FCF/Net Income)	-4.59x	-1.87x	0.09x	-0.78x	-8.94x	-3.37x	5.36x	0.17x
Interest Paid	0	0	6.73K	27.87K	58.7K	45.22K	241.48K	36.73K
Taxes Paid	0	13.49K	15.18K	93.09K	387.6K	71.85K	28.76K	59

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-5.06%	9.44%	9.52%	11.41%	3.02%	3.53%	-6.72%	-14.01%
Return on Invested Capital (ROIC)	-4.79%	5.09%	8.4%	7.51%	1%	0.6%	-5.77%	-9.04%
Gross Margin	-20.27%	22.46%	27.29%	26.92%	13.18%	9.06%	1.36%	-0.36%
Net Margin	-59.25%	19.31%	15.31%	18.79%	6.53%	5.55%	-9.72%	-27.55%
Debt / Equity	-	-	0.02x	0.08x	0.03x	0.07x	0.07x	-
Interest Coverage	-	-	272.12x	72.36x	-	2.92x	-8.67x	-37.17x
FCF Conversion	-4.59x	-1.87x	0.09x	-0.78x	-8.94x	-3.37x	5.36x	0.17x
Revenue Growth	-	490.41%	34.62%	14.53%	59.08%	102.58%	44.01%	-11.99%

Revenue by Segment

	2021	2022	2023
Activated Carbon	19.57M	39.93M	-
Activated Carbon Growth	-	103.98%	-
Technology Services	-	-	-
Technology Services Growth	-	-	-
Electricity	143.24K	150.72K	-
Electricity Growth	-	5.22%	-
Technology Service	130.41K	129.18K	-
Technology Service Growth	-	-0.95%	-

Frequently Asked Questions

Growth & Financials

CN ENERGY GROUP INC. (CNEY) reported $102.6M in revenue for fiscal year 2024. This represents a 7383% increase from $1.4M in 2017.

CN ENERGY GROUP INC. (CNEY) saw revenue decline by 12.0% over the past year.

CN ENERGY GROUP INC. (CNEY) reported a net loss of $8.6M for fiscal year 2024.

Dividend & Returns

CN ENERGY GROUP INC. (CNEY) has a return on equity (ROE) of -14.0%. Negative ROE indicates the company is unprofitable.

CN ENERGY GROUP INC. (CNEY) had negative free cash flow of $5.1M in fiscal year 2024, likely due to heavy capital investments.