PTL Ltd is a US-listed company in the oil & gas refining & marketing industry. Its financial year ends in December.
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Third-party market data · may be delayed
Under review: every model's value for PTL Ltd is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.
Under review: cash-flow, stock-pay or share-count figures missing or out of date. We'll show the comparison once resolved.
Revenue for the twelve months was $72m. That puts it 16 of 16 for growth among the oil & gas refining & marketing companies we cover. The diluted share count is up 192.2% 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 2 financial-health checks.
Our model value for PTL is under review, so past values are not shown until it is resolved.
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.
Where it lags: revenue growth of -27.0% ranks 16 of 16 oil & gas refining & marketing companies we cover.
Current signal Net income rising while operating cash flow falls: TTM net income grew 76.3% while operating cash flow fell 1498.7% — earnings and cash are telling different stories.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for PTLE from the sources we follow. See filings →
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value PTL Ltd as an operating company, with every model that fits that kind of business. Cost of equity 7.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.65 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | ~$0.4 ~$0.4–$1.3 | Left out: out of range vs price (0.04x) |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare PTL Ltd with Oil & Gas Refining & Marketing 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.
| At fiscal year end | 2024 | 2025 |
|---|---|---|
| Share price | $835.20 | $8.00 |
| Market value | $28.9bn | $270m |
| + Net debt (− = net cash) | −$5m | −$1m |
| Enterprise value | $28.9bn | $269m |
| Multiples | ||
| Price / sales | n/m | 3.8x |
| Price / earnings | — | — |
| Price / free cash flow | — | — |
| EV / EBITDA | — | — |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
No analyst estimates are published for PTL Ltd: too few analysts cover it.
| Calendar year | 2025 | 2026 to date |
|---|---|---|
| Return | ||
| PTLE | −99% | +18% |
| Industry peers (median) | +19% | +105% |
| S&P 500 | +18% | +11% |
| Months that ended higher | ||
| PTLE | 33% | 46% |
| S&P 500 | 75% | 46% |
| Largest fall from a high during the year | ||
| PTLE | −99% | −59% |
| S&P 500 | −19% | −9% |
Worst fall since October 16, 2024: 100% from January 13, 2025 to March 20, 2026. Getting back needed a 27422% gain, and the shares have not yet recovered.
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue (TTM) |
|---|---|
| FY22 Q4 | $74.8M |
| FY23 Q4 | $102.1M |
| FY24 Q4 | $98.1M |
| FY25 Q4 | $71.6M |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Operating margin (TTM) |
|---|---|
| FY22 Q4 | 0.5% |
| FY23 Q4 | 1.1% |
| FY24 Q4 | -4.8% |
| FY25 Q4 | -0.6% |
| Fiscal year | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|
| Income | ||||
| Revenue | 75 | 102 | 98 | 72 |
| Gross profit | 1 | 2 | 2 | 1 |
| Operating income | 0 | 1 | −5 | −0 |
| Net income | 0 | 1 | −5 | −1 |
| Diluted EPS | $0.01 | $0.03 | −$0.14 | −$0.04 |
| Growth (year on year) | ||||
| Revenue | — | +36.5% | −3.9% | −27.0% |
| Margins | ||||
| Gross margin | 1.5% | 1.9% | 2.5% | 1.3% |
| Operating margin | 0.5% | 1.1% | −4.8% | −0.6% |
| Net margin | 0.5% | 0.9% | −5.1% | −1.6% |
| Cash flow | ||||
| Cash from operations | −1 | 1 | −1 | −12 |
| Stock-based pay | — | — | — | 1 |
| Balance sheet | ||||
| Cash | 0 | 1 | 5 | 1 |
| Total debt | 0 | 0 | 0 | 0 |
| Net debt (negative = net cash) | −0 | −1 | −5 | −1 |
| Diluted shares | 34m | 34m | 35m | 34m |
| Last 12 months unless stated | PTLE | UFG | DLXY | BANL | GPRE | CAPL | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $72m | $264m | $308m | $538m | $1.8bn | $3.9bn | $10.3bn |
| Revenue growth, last 12 months | −27.0% | 70.0% | −2.3% | −9.1% | −23.7% | 0.3% | 13.0% |
| Revenue growth, 3-year average | — | — | — | — | −19.9% | −5.4% | −0.8% |
| Revenue growth, latest quarter | — | — | — | — | −19.3% | 22.6% | 46.4% |
| Gross margin | 1.3% | 1.8% | 0.8% | 0.8% | 16.0% | 10.9% | 8.0% |
| Operating margin | −0.6% | −0.6% | −1.5% | −0.5% | 7.4% | 2.9% | 2.9% |
| Operating margin, 3-year average | — | — | — | — | 1.1% | 2.3% | 2.3% |
| Net margin | −1.6% | −0.7% | −1.5% | −0.6% | 6.8% | 1.4% | 1.8% |
| Cash from operations / revenue | −17.1% | −0.9% | −1.7% | 0.7% | 8.4% | 3.0% | 5.1% |
| Free-cash-flow margin | — | −0.9% | −1.7% | 0.7% | 7.0% | 2.3% | 4.8% |
| Free-cash-flow margin, 3-year average | — | — | — | — | 2.4% | 1.8% | 2.4% |
| Stock pay / revenue | 1.3% | 0.0% | — | — | 0.6% | 0.0% | 0.1% |
| Change in share count | 192.2% | — | 4.3% | 0.0% | 19.2% | −1.4% | −1.4% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | -27.0% | 13.2% | 16 of 16 |
| Change in growth rate Growth | -23.1pp | +12.9pp | 14 of 16 |
| Gross margin Profitability | 1.3% | 7.1% | 12 of 14 |
| Operating margin Profitability | -0.6% | 4.8% | 13 of 14 |
| Net margin Profitability | -1.6% | 1.9% | 15 of 16 |
| Stock pay as % of revenue Cash generation | 1.3% | 0.1% | 11 of 11 |
| Change in share count Balance sheet | 192.2% | -1.4% | 15 of 15 |
| Days sales outstanding Balance sheet | 28 days | 26 days | 10 of 13 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| UBS Group AG | $689 | 0K | 100.0% | ▼ 96.3% |
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 PTL Ltd's complete shareholder register. Values are as reported by the filers .
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.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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