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Home CompaniesCardinal Ethanol LLC

Cardinal Ethanol LLC

Basic Materials Chemicals
PortfolioPortfolio WatchlistWatchlist
Company price
24600.0 USD 0.00(0%)
Last update at 2026-11-11T14:30:00Z
Market Cap
163.05M
P/E
7.44

Momentum Score

…

Cardinal Ethanol, LLC engages in production and sale of fuel-grade ethanol, distiller grains, corn oil, and raw carbon dioxide in the continental United States. The company's ethanol is used as an octane enhancer in fuels; an oxygenated fuel additive for reducing ozone and carbon monoxide emissions; and a non-petroleum-based gasoline substitute. It also offers distillers grains for applications as animal feed supplement for dairy, beef, poultry, and swine industries; corn oil that is used as a feed ingredient, feedstock to produce biodiesel, and for other industrial uses; and carbon dioxide gas. The company markets and distributes its products directly, as well as through third party brokers. It also exports its products. The company was formerly known as Indiana Ethanol, LLC and changed its name to Cardinal Ethanol, LLC in September 2005. Cardinal Ethanol, LLC was incorporated in 2005 and is based in Union City, Indiana.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
24600.00
Low
24600.00
High
52 Week Price Range
15000.00
Low
25000.00
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Cardinal Ethanol LLC is an OTC Grey–listed entity (CRDE.US) with limited public financial and operational disclosure, so company-level details are scarce. The ethanol/biofuel sector may benefit from renewable fuel standards, long-term demand for lower-carbon fuels and agricultural feedstock availability, which could support revenue for an operating producer; investors should monitor disclosure, capacity utilization and feedstock cost trends.

Key risks include the issuer's limited public disclosure and thin liquidity typical of OTC Grey listings, together with regulatory, commodity-price and operational exposure common to ethanol businesses.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
24600.00
Dividend Yield
-
Revenue TTM
350.34M
Revenue Per Share
23985.78
Gross Profit TTM
42.76M
Debt / Equity
-
ROE
20.18%
Net Debt
-
ROCE
32.56%
Diluted EPS TTM
2150.40

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Income before tax 69.82M - - - -6.60M
Net income 69.82M - - - -6.60M
Selling general administrative - - - - 6.94M
Gross profit 75.72M - - - 0.04M
Reconciled depreciation 11.57M - - - -
Ebit - 78.30M 27.45M -1.48M -6.90M
Operating income 66.67M - - - -6.90M
Interest expense 0.00M - - 0.00M 0.00M
Interest income 2.54M - - - -
Net interest income 2.54M - - - -
Total revenue 502.73M - - - 260.67M
Total operating expenses 436.07M - - - 267.57M
Cost of revenue 427.01M - - - 260.63M
Total other income expense net 0.61M - - - 0.30M
Net income from continuing ops 69.82M - - - -6.60M
Net income applicable to common shares - 85.70M 27.11M -1.14M -6.60M
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Total assets 232.77M - - - 137.55M
Other current assets 0.30M 10.63M 10.05M 5.08M 6.68M
Total liab 60.24M - - - 25.27M
Total stockholder equity 172.53M - - - 112.28M
Other current liab 4.17M 3.18M 2.99M 2.29M 1.22M
Common stock - 70.91M 70.91M 70.91M 70.91M
Capital stock 70.91M - - - -
Retained earnings 101.63M 76.36M 53.83M 38.04M 41.37M
Other liab - 2.04M 1.75M 1.45M 1.15M
Cash 69.86M - - - 15.67M
Total current liabilities 28.03M 27.43M 23.74M 16.44M 18.82M
Short term debt - - - - 1.43M
Short long term debt 1.14M - - - 1.43M
Property plant equipment - 85.27M 74.24M 82.95M 86.17M
Total current assets 130.40M 102.03M 76.44M 45.52M 50.12M
Long term investments 7.03M - - - 1.26M
Net tangible assets - 147.27M 124.74M 108.95M 112.28M
Short term investments 12.41M - - - -
Net receivables 18.41M 13.63M 13.79M 9.99M 14.21M
Long term debt 29.43M - - - 5.30M
Inventory 15.10M 23.37M 26.59M 17.32M 13.44M
Accounts payable 14.18M 16.76M 15.51M 9.83M 13.34M
Non current assets total 102.37M - - - -
Capital lease obligations 3.03M - - - -
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Investments -45.44M -0.40M -0.40M -0.40M -0.40M
Change to liabilities - 0.95M 5.82M -3.78M 1.04M
Total cashflows from investing activities - -20.46M -3.85M -2.80M -1.68M
Net borrowings 21.57M 9.00M 9.00M -5.87M -2.02M
Total cash from financing activities -17.93M -54.17M -11.32M -8.06M -3.48M
Change to operating activities - 1.12M 1.47M -0.62M 1.88M
Net income 69.82M 85.70M 27.11M -1.14M -6.60M
Change in cash 20.04M 29.34M 16.98M -5.12M 2.80M
Begin period cash flow 63.24M - - - -
End period cash flow 83.28M - - - -
Total cash from operating activities 83.41M 103.98M 32.15M 5.74M 7.95M
Depreciation 11.57M 11.30M 11.30M 11.25M 11.24M
Other cashflows from investing activities - - - - 2.30M
Dividends paid 42.45M -63.17M -11.32M -2.19M -1.46M
Change to inventory 8.27M 3.22M -9.27M -3.88M 3.11M
Change to account receivables -5.90M 0.87M -4.21M 3.65M -3.29M
Change to netincome - 0.81M -0.08M 0.26M 0.56M
Capital expenditures 27.89M 20.06M 3.85M 2.80M 3.98M
Change in working capital 0.35M - - - -
Other non cash items -0.00M - - - -
Free cash flow 55.52M - - - -

Peer Comparison*

Sector: Basic Materials Industry: Chemicals

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CRDE
Cardinal Ethanol LLC		 -
-%		 24600.00 7.44 - 0.47 1.50 0.82 6.24
SHECF
Shin-Etsu Chemical Co. Ltd		 -
-%		 35.65 23.22 18.73 0.03 2.38 3.50 9.45
SHECY
Shin-Etsu Chemical Co Ltd ADR		 0.12
0.67%		 18.08 22.65 18.25 0.03 2.32 3.46 9.34
BFFAF
BASF SE NA O.N.		 -
-%		 59.20 33.31 25.58 0.93 1.43 1.13 8.85
BASFY
BASF SE ADR		 -0.03
0.20%		 15.12 33.15 25.25 0.93 1.41 1.13 8.85

Profile*

Cardinal Ethanol LLC

Cardinal Ethanol, LLC engages in production and sale of fuel-grade ethanol, distiller grains, corn oil, and raw carbon dioxide in the continental United States. The company's ethanol is used as an octane enhancer in fuels; an oxygenated fuel additive for reducing ozone and carbon monoxide emissions; and a non-petroleum-based gasoline substitute. It also offers distillers grains for applications as animal feed supplement for dairy, beef, poultry, and swine industries; corn oil that is used as a feed ingredient, feedstock to produce biodiesel, and for other industrial uses; and carbon dioxide gas. The company markets and distributes its products directly, as well as through third party brokers. It also exports its products. The company was formerly known as Indiana Ethanol, LLC and changed its name to Cardinal Ethanol, LLC in September 2005. Cardinal Ethanol, LLC was incorporated in 2005 and is based in Union City, Indiana.

1554 North County Road 600 East, Union City, IN, United States, 47390

765 964 3137

https://www.cardinalethanol.com

72

Name Title Year Born
Mr. Jeffrey L. Painter CEO, Pres & GM 1956
Mr. William J. Dartt CFO & Treasurer 1959
Mr. Thomas C. Chronister Sec. & Independent Director 1951
Mr. Jeremey Jay Herlyn Plant Mang. 1971
Mr. Casey Bruns Commodity Mang. 1985
Mr. Thomas C. Chronister Secretary & Independent Director 1951
Tom Ranallo CEO & President NA
Rick Vondra Chief Operating Officer NA
Ashleigh Lawrence Controller NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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