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Leishen Energy Holding Co., Ltd. (LSE) stock

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NASDAQ: LSE Nasdaq Oil & Gas Equipment & Services

E Fundamentals grade

Leishen Energy Holding Co., Ltd. is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$5.5

Cash-flow model

Base case. Range ~$4.5–$6.9 across our lower- and higher-growth cases (-1%–9% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 24% above it.

Price used: $4.45, November 3, 2026

Leishen Energy Holding Co., Ltd. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds1 adding, 0 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Leishen Energy Holding files

Where Leishen Energy stands after its latest Filing

Revenue for the twelve months was $48m. That puts it 35 of 35 for growth among the oil & gas equipment & services companies we cover. Free-cash-flow margin held at -7.6%. The diluted share count is up 7.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 2 of our 3 financial-health checks. Our cash-flow model value is $5.54 a share, against a share price of $4.32. At that price, our model says the market is pricing in cash flow shrinking about 2.2% a year for five years, slower than the 1.1% a year revenue growth it has delivered.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Leishen Energy Holding Co., Ltd.'s trailing-twelve-month revenue fell 30.0% year on year, with a free-cash-flow margin of -7.6%. Where it stands out: long-term debt as % of assets of 1.6% ranks 3 of 32 oil & gas equipment & services companies we cover. Where it lags: revenue growth of -30.0% ranks 35 of 35 oil & gas equipment & services companies we cover.

Our discounted-cash-flow model values the business at ~$5.5 per share in the base case (~$4.5–$6.9 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -30.0% (-24.5pp vs the prior quarter), the 2nd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $4.52 is 22% below our value per share of $6.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 30.0% over the last 12 months.
  • Growth slowing. The growth rate is 24.5 points lower than a quarter earlier.
  • Loss-making. Operating margin is -3.4%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 14.4 points on a year ago.
  • Burning cash. Free cash flow was -7.6% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 7.6% in a year.

Price chart

  • 1 day-1.6%
  • 1 week-0.2%
  • 1 month-1.1%
  • This year+3.5%
  • 1 year-15.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$48.3M
Operating margin
-3.4%
Net margin
2.6%
EPS (TTM, diluted)
$0.08

Growth

Revenue growth
−30.0%
Change in growth rate
−24.5 pts
Share count change
+7.6%

Cash

Free cash flow (TTM)
-$3.7M
FCF margin
-7.6%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for LSE from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Leishen Energy Holding Co., Ltd. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 1.4% a year for five years.That is close to the 1.1% a year revenue growth Leishen Energy Holding has delivered.

  • Priced in-1.4%
  • Last 12 months-30.0%
  • 3 years a year1.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($4.45, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$5.5
Price used
$4.45close November 3, 2026
Implied change
▲ +24%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Leishen Energy Holding Co., Ltd.'s free cash flow after stock-based pay with after-tax interest added back ($3.7M, FY2025 Q4 TTM), growing 4% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$4.5–~$6.9 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Leishen Energy Holding Co., Ltd.'s free cash flow after stock-based pay ( $3.7M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Leishen Energy Holding Co., Ltd. as an operating company, with every model that fits that kind of business. Cost of equity 9.5%: the 10-year Treasury yield (4.9%) plus a beta of 1 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$5.5 ~$4.5–$6.9 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$1.3 ~$1.1–$2.2 Left out: far from the other models (more than 3x away from their median)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$11 ~$7.4–$16 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$7.6 ~$6.6–$9.0 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$7.3 ~$5.5–$11 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Leishen Energy Holding Co., Ltd. with Oil & Gas Equipment & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $5$6$7$9$12$15
8.5% $4$5$6$7$9$11
10% $3$4$5$6$7$9

Valuation multiples over time Market data may be delayed

At fiscal year end 2025
Share price$5.40
Market value$90m
+ Net debt (− = net cash)−$10m
Enterprise value$80m
Multiples
Price / sales 1.9x
Price / earnings 71.8x
Price / free cash flow —
EV / EBITDA —

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Leishen Energy Holding Co., Ltd.: too few analysts cover it.

Positioning

Short interest
0.2%
of tradable shares
Days to cover
1.49
at average volume
Short interest, 1 month
−27%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
64.7%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 20252026 to date
Return
LSE−10%+4%
Industry peers (median)+3%+19%
S&P 500+18%+11%
Months that ended higher
LSE25%46%
S&P 50075%46%
Largest fall from a high during the year
LSE−67%−44%
S&P 500−19%−9%

Worst fall since December 19, 2024: 74% from March 19, 2025 to June 3, 2026. Getting back needed a 291% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$3.20 – $5.68
From 52-week high
−20.4%
vs 50-day average
−8.7%
vs 200-day average
−4.8%
Volatility (1 year)
86%
Beta vs S&P 500
0.62

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Leishen Energy Holding Co., Ltd. in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Leishen Energy Holding Co., Ltd.
$40M $50M $60M $70M $80M FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY22 Q4: $46.7M Revenue (TTM), FY23 Q4: $73.1M Revenue (TTM), FY24 Q4: $69.1M Revenue (TTM), FY25 Q4: $48.3M $48.3M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY22 Q4 $46.7M
FY23 Q4 $73.1M
FY24 Q4 $69.1M
FY25 Q4 $48.3M
Operating margin (TTM) Leishen Energy Holding Co., Ltd.
-10% 0% 10% 20% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY22 Q4: 17.6% Operating margin (TTM), FY23 Q4: 16.3% Operating margin (TTM), FY24 Q4: 10.9% Operating margin (TTM), FY25 Q4: -3.4% -3.4%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY22 Q4 17.6%
FY23 Q4 16.3%
FY24 Q4 10.9%
FY25 Q4 -3.4%
FCF margin (TTM) Leishen Energy Holding Co., Ltd.
-20% -10% 0% 10% 20% 30% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY22 Q4: -15.5% FCF margin (TTM), FY23 Q4: 5.0% FCF margin (TTM), FY24 Q4: 20.8% FCF margin (TTM), FY25 Q4: -7.6% -7.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY22 Q4 -15.5%
FY23 Q4 5.0%
FY24 Q4 20.8%
FY25 Q4 -7.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025
Income
Revenue 47 73 69 48
Gross profit 14 18 16 9
EBITDA 9 12 8 −1
Operating income 8 12 8 −2
Net income 6 12 8 1
Diluted EPS $0.37 $0.77 $0.52 $0.08
Growth (year on year)
Revenue — +56.4% −5.5% −30.0%
EBITDA — +44.7% −34.4% −114.6%
Operating income — +44.7% −36.5% −122.1%
Net income — +107.2% −31.7% −84.5%
Diluted EPS — +108.1% −32.5% −84.6%
Margins
Gross margin 29.0% 25.1% 23.2% 17.6%
EBITDA margin 18.2% 16.8% 11.7% −2.4%
Operating margin 17.6% 16.3% 10.9% −3.4%
Net margin 12.2% 16.2% 11.7% 2.6%
Free-cash-flow margin −15.5% 5.0% 20.8% −7.6%
Cash flow
Cash from operations −4 4 15 −4
Capital spending 3 1 1 0
Free cash flow −7 4 14 −4
Balance sheet
Cash 6 5 7 10
Total debt 0 2 1 —
Net debt (negative = net cash) −6 −2 −6 −10
Diluted shares 16m 16m 16m 17m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · September 30, 2025
What it owns · $69m
Short-term assets $59mLonger-term assets $10m
What it owes, and who funded it · $69m
Short-term liabilities $23mLonger-term liabilities $1mShareholders' equity $45m
  • Short-term assets cover short-term liabilities $59m of assets due within a year against $23m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $59m short-term assets against $626,291 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$2m against $71,194 of interest.

From Leishen Energy Holding Co., Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+7.6%
year over year
R&D spending
0.5%
of revenue
Days sales outstanding
116 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas equipment & services
Last 12 months unless stated LSE STAK DWSN DTI OMSE NGS Median
Revenue, last 12 months $48m $28m $104m $153m $156m $189m $1.2bn
Revenue growth, last 12 months −30.0% 13.2% 86.3% −5.5% −23.4% 15.4% 3.7%
Revenue growth, 3-year average — — 11.8% 0.3% — 24.5% 2.0%
Revenue growth, latest quarter — — 81.8% −3.4% — 24.2% 7.3%
Gross margin 17.6% 26.4% 22.3% — 30.3% — 21.1%
Operating margin −3.4% 3.8% 4.6% 7.2% 22.4% 21.6% 7.3%
Operating margin, 3-year average — — −5.3% 15.1% — 20.6% 7.2%
Net margin 2.6% 1.5% 3.5% −2.0% 20.7% 10.8% 2.6%
Cash from operations / revenue −7.3% −9.7% 3.2% 6.4% 34.7% 41.8% 11.7%
Free-cash-flow margin −7.6% −9.9% −4.3% −6.3% 34.0% −16.5% 2.0%
Free-cash-flow margin, 3-year average — — −0.3% −9.7% — −24.3% 4.0%
Stock pay / revenue — 15.7% 0.1% 1.9% — 1.5% 1.1%
Change in share count 7.6% 77.4% 0.2% 1.1% 11.1% 1.2% 1.0%

Median of all 35 companies we cover in oil & gas equipment & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

35 oil & gas equipment & services companies
Measure Company Peer median Rank
Revenue growth Growth -30.0% 3.7% 35 of 35
Change in growth rate Growth -24.5pp +1.5pp 34 of 34
Gross margin Profitability 17.6% 21.5% 18 of 21
Operating margin Profitability -3.4% 7.2% 29 of 32
Net margin Profitability 2.6% 2.6% 19 of 35
Free-cash-flow margin Cash generation -7.6% 2.0% 29 of 35
Long-term debt as % of assets Balance sheet 1.6% 22.6% 3 of 32
Change in share count Balance sheet 7.6% 1.0% 26 of 31
Days sales outstanding Balance sheet 116 days 74 days 25 of 26

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$3,771
Institutions reporting
1
Shares held vs prior quarter
▲ 43.0%
Positions opened / closed
0 / 0

Top buyers and sellers, Q2 2026: 1 institutions bought and 0 sold ; the biggest buyer was UBS Group AG (+260 shares) . See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
UBS Group AG $3,771 1K 100.0% ▲ 43.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Leishen Energy Holding Co., Ltd.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

  • 6-K 6-K
  • 6-K 6-K
  • 20-F 20-F
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K

Data status

When each part of this page on Leishen Energy Holding Co., Ltd. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Leishen Energy Holding Co., Ltd. in brief

What does Leishen Energy Holding Co., Ltd. do?
Leishen Energy Holding Co., Ltd. is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in September.
What is Leishen Energy Holding Co., Ltd.'s stock ticker?
Leishen Energy Holding Co., Ltd. trades under the ticker LSE on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Leishen Energy Holding Co., Ltd.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Leishen Energy Holding Co., Ltd. reported revenue of $48.3M, 30.0% lower than a year earlier, according to its SEC filings.
What is Leishen Energy Holding Co., Ltd.'s free cash flow?
Leishen Energy Holding Co., Ltd.'s free-cash-flow margin is -7.6% of revenue over the trailing twelve months, ranking 29 of the 35 oil & gas equipment & services companies we cover.
What is Leishen Energy Holding Co., Ltd.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Leishen Energy Holding Co., Ltd.'s free cash flow after stock-based pay gives ~$5.5 per share in the base case, and ~$4.5–$6.9 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
What is Leishen Energy Holding Co., Ltd.'s market cap?
On September 30, 2025, Leishen Energy Holding Co., Ltd.'s market capitalisation was about $90M, with a price-to-earnings ratio of 71.8 and net debt of -$10.2M. Market figures come from third-party market data and may be delayed.
Who are Leishen Energy Holding Co., Ltd.'s competitors?
In our Oil & Gas Equipment & Services peer group, the companies closest to Leishen Energy Holding Co., Ltd. are Stak Inc., Dawson Geophysical Co, Drilling Tools International Corp, OMS Energy Technologies Inc. and Natural GAS Services Group Inc. The side-by-side comparison below sets their revenue, margins and growth against Leishen Energy Holding Co., Ltd.'s.