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CNEYCN Energy Group. Inc.
$0.40$2M
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  4. Financial Ratios

CN Energy Group. Inc. (CNEY) Financial Ratios

Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE -11.2%. (2017–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

CNEY Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Market Cap$2M$1M$4M$258543$2M$4M————
Enterprise Value$5M$4M$4M$7M$-12017390$5M————
P/E Ratio →-0.02———0.8211.46————
P/S Ratio0.060.030.080.000.050.19————
P/B Ratio0.000.010.040.000.030.06————
P/FCF——————————
P/OCF——————————

P/E links to full P/E history page with 30-year chart

CNEY EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
EV / Revenue—0.120.080.13-0.300.26————
EV / EBITDA————-6.022.83————
EV / EBIT————-4.452.93————
EV / FCF——————————

CNEY Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Gross Margin-20.2%-20.2%-0.4%1.4%9.1%13.2%26.9%27.3%22.5%-20.3%
Operating Margin-30.9%-30.9%-24.5%-10.7%1.1%2.9%16.1%16.4%13.0%-74.4%
Net Profit Margin-31.3%-31.3%-27.6%-9.7%5.5%6.5%18.8%15.3%19.3%-59.2%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
ROE-11.2%-11.2%-14.0%-6.7%3.5%3.0%11.4%9.5%9.4%-5.1%
ROA-10.8%-10.8%-12.5%-5.1%2.7%2.6%8.4%6.9%6.1%-3.1%
ROIC-8.2%-8.2%-9.0%-5.8%0.6%1.0%7.5%8.4%5.1%-4.8%
ROCE-11.0%-11.0%-12.5%-7.3%0.7%1.3%9.6%10.2%6.4%-6.4%

CNEY Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Debt / Equity0.030.03—0.070.070.030.080.02——
Debt / EBITDA————2.100.890.580.10——
Net Debt / Equity—0.03-0.000.07-0.220.020.01-0.07-0.11-0.00
Net Debt / EBITDA————-6.930.780.06-0.45-0.86-0.82
Debt / FCF—————————-0.02
Interest Coverage-14.72-14.72-40.82-7.2117.18—72.36272.12——

CNEY Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Current Ratio13.9013.9042.413.222.448.661.911.611.701.20
Quick Ratio8.608.6021.851.372.418.471.541.211.330.80
Cash Ratio0.080.080.220.010.590.580.200.250.260.01
Asset Turnover—0.330.520.460.420.290.400.450.330.05
Inventory Turnover1.701.701.721.3746.6215.433.253.232.370.39
Days Sales Outstanding—405.82218.46182.90171.41616.62255.32140.02137.592186.13

CNEY Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Dividend Yield——————————
Payout Ratio——————————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Earnings Yield————122.0%8.7%————
FCF Yield——————————
Buyback Yield0.0%0.0%0.0%0.0%0.0%0.0%————
Total Shareholder Yield0.0%0.0%0.0%0.0%0.0%0.0%————
Shares Outstanding—$519262$199800$72118$28880$20263$13333$13333$13333$15389

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Imminent insolvency and liquidity

Distressed Valuation Reflects Operational Collapse

Based on reported figures, CNEY's price-to-sales ratio of 0.06 suggests the market has effectively abandoned growth expectations, pricing the firm as a distressed asset rather than a specialty chemical producer, which contrasts sharply with the valuation multiples observed in more stable industry peers like REX American Resources.

The current valuation appears to be a direct reflection of the company's inability to generate positive earnings or maintain a viable cost structure. Investors should monitor whether this extreme discount to sales represents a terminal value assessment or if the market is failing to account for potential asset liquidation value.

Capital Returns Indicate Structural Decay

As reported in financial statements, CNEY's ROIC has trended into negative territory, reaching -6.5% in 2025Q4, which highlights a fundamental failure to generate returns on invested capital that exceed the cost of maintaining its biomass and activated carbon production facilities compared to historical performance.

The consistent decay in ROIC suggests that the company's capital allocation strategy has been value-destructive over the past several years. This trend warrants further investigation into whether the firm's core manufacturing assets are permanently impaired or if they remain capable of generating positive returns under different operational conditions.

Working Capital Inefficiency Strains Liquidity

According to recent SEC filings, CNEY's cash conversion cycle has expanded significantly to 178 days in 2025Q4, revealing a deteriorating ability to manage inventory and collect receivables efficiently, which places additional pressure on the company's already limited cash reserves compared to its historical operational benchmarks.

The lengthening of the cash conversion cycle appears to be driven by inefficient inventory turnover and delayed collection cycles, which are particularly damaging given the company's current liquidity constraints. This inefficiency suggests that the firm lacks the necessary leverage over its suppliers and customers to optimize its working capital.

Liquidity Position Suggests Imminent Risk

Based on the most recent quarterly data, CNEY's quick ratio of 8.60 appears misleadingly high due to the collapse of current liabilities, yet the absolute cash balance of $390,706 remains critically low, indicating a high vulnerability to any further operational disruptions or unexpected cash outflows.

While the liquidity ratios might appear superficially adequate, the absolute lack of cash reserves suggests that the company is operating with virtually no margin for error. Investors should monitor the firm's ability to secure external financing, as the current liquidity position appears insufficient to sustain ongoing operations.

Misapplied Liquidity Ratios Obscure Reality

As indicated by the provided financial statements, the current and quick ratios are frequently misapplied to CNEY, as they obscure the company's inability to convert non-cash current assets into actual liquidity, which is the primary concern for a firm facing such severe operational and cash flow distress.

Analysts should prioritize cash-burn metrics and absolute cash balances over traditional liquidity ratios, which can be distorted by stagnant inventory or uncollectible receivables. Relying on standard liquidity ratios may lead to an overestimation of the company's financial health, failing to capture the true risk of insolvency.

Download Financial Ratios Data

Includes 30+ ratios · 9 years · Updated daily

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CNEY — Frequently Asked Questions

Quick answers to the most common questions about buying CNEY stock.

What is CN Energy Group. Inc.'s P/E ratio?

CN Energy Group. Inc.'s current P/E ratio is -0.0x. The historical average is 6.1x.

What is CN Energy Group. Inc.'s ROE?

CN Energy Group. Inc.'s return on equity (ROE) is -11.2%. The historical average is -0.0%.

Is CNEY stock overvalued?

Based on historical data, CN Energy Group. Inc. is trading at a P/E of -0.0x. Compare with industry peers and growth rates for a complete picture.

What are CN Energy Group. Inc.'s profit margins?

CN Energy Group. Inc. has -20.2% gross margin and -30.9% operating margin.