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  2. •

    Basic Materials

  3. •

    Chemicals
Cardinal Ethanol, LLC

Cardinal Ethanol, LLC

CRDE
Cardinal Ethanol, LLCUS flagOther OTC
19,000.00
USD
- -
- -
277.51MMarket Cap
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
23,074.07
21,990.58
24,483.9
23,097.05
16,479.21
15,260.54
15,644.04
18,270.47
17,846.73
16,754.66
27,660.01
37,429.23
34,419.75
23,985.78
Basic EPS, GAAP
1,746.48
126.8
1,804.42
5,974.37
2,651.09
925.77
919.12
522.46
-451.79
-78.08
1,856.08
5,867.72
4,780.13
2,240.57
Free Cash Flow per Basic Share
1,482.23
1,225.77
2,266.69
6,937
2,716.04
1,556.17
626.44
1,603.01
271.85
202.26
1,937.67
5,745.22
3,801.16
-2,124.3
Dividend per Share
- -
430
382
4,547
3,500
1,630
1,175
950
100
150
775
4,325
2,906.02
1,240.35
Book Value per Share
7,928.93
7,625.72
9,048.15
10,475.52
9,626.61
8,922.38
8,666.5
8,238.96
7,687.16
7,459.08
8,540.16
10,082.88
11,813.21
11,619.08
Tangible Book Value per Share
7,690.48
7,482.85
9,001.51
10,475.52
9,626.61
8,922.38
8,666.5
8,238.96
7,687.16
7,459.08
8,540.16
10,082.88
11,812.48
11,619.08
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
337
321
358
337
241
223
228
267
261
245
404
547
503
350
Operating Margin (%)
8.92
1.41
8.05
26.08
16.07
6.12
6.01
3.15
-2.65
-0.61
6.79
14.32
13.26
8.91
Depreciation Expense
9
9
9
9
9
10
11
12
11
11
11
11
12
11
Net Income, GAAP
26
2
26
87
39
14
13
8
-7
-1
27
86
70
33
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
7.57
0.58
7.37
25.87
16.09
6.07
5.88
2.86
-2.53
-0.47
6.71
15.68
13.89
9.34
Working Capital
31
19
45
47
37
37
32
29
31
29
53
75
102
75
LT Debt
43
28
24
- -
5
12
15
7
5
3
2
12
30
60
Total Equity
112
109
131
153
141
130
127
120
112
109
125
147
173
170
Return on Invested Capital (%)
36.57
2.98
19.18
56.33
25.91
9.39
9.47
6.14
- -
- -
22.47
53.51
36.11
14.82
Return on Capital (%)
35.62
3.01
19.02
56.2
25.95
9.43
9.51
6.2
- -
- -
22.3
58.59
37.82
16.66
Return on Common Equity (%)
44.05
1.63
21.64
61.2
26.38
9.98
10.45
6.18
-5.67
-1.03
23.2
63.02
43.66
20.18

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'24
Jun'24
ST Debt
5
10
8
LT Borrowings
29
51
53
LT Finance Leases
6
7
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
- -
- -
Market Capitalization
284
317
292

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'24
Jun'24
Total Current Assets
149
108
109
Cash, Cash Equivalents & STI
90
50
34
Accounts Receivable, Net
8
13
18
Inventories
31
28
41
Total Current Liabilities
54
39
34
Payables & Accruals
41
23
23
ST Debt
5
10
8
Deferred Revenue
3
2
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.32%
8.01%
17.15%
Free Cash Flow
111.07%
182.41%
-33.84%
Net Income, GAAP
-248.22%
-509.75%
-18.54%
Sales/Revenue/Turnover
6.15%
16.79%
-8.04%
Total Cash Common Dividend
176.92%
160.49%
-32.81%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
150
134
133
129
547
2023
135
131
119
118
503
2024
69
79
84
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
2,217.94
577.11
2,339.7
- -
5,867.72
2023
1,088.98
922.54
978.41
- -
4,780.13
2024
186.23
-105.19
369.34
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
650
1,500
675
- -
4,325
2023
500
500
1,406.02
- -
2,906.02
2024
402.7
187.66
150
- -
- -

Company Description

APIChat
CEO
Tom Ranallo
Full Time Employees
72
Sector
Basic Materials
Industry
Chemicals
Address
Union City United States of America
IPO Date
Feb 25, 2011
Website
cardinalethanol.com
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Business
Cardinal Ethanol, LLC produces fuel-grade ethanol, distillers grains, corn oil, and carbon dioxide at its primary facility near Union City, Indiana, and sells these products throughout the continental United States and via exports; the company also procures, transports, and markets grain commodities, primarily corn for ethanol production and soybeans through its Trading Division. Ethanol serves as an octane enhancer, oxygenated fuel additive to reduce emissions, and gasoline substitute; distillers grains act as animal feed supplements for dairy, beef, poultry, and swine; corn oil functions as feed ingredient, biodiesel feedstock, and industrial input; carbon dioxide supports various gas applications. Founded in 2005 and headquartered at 1554 North County Road 600 East, Union City, Indiana, the company operates in the chemicals sector with 72 employees and trades publicly under ticker CRDE. In February 2024, subsidiary Cardinal Colwich acquired a Kansas ethanol production facility from Element LLC, assuming key contracts including a technology license, water agreement, and amended credit facilities with revolving and term loans secured by company assets. Eric T. Perry succeeded Jeffrey Painter as CEO and President effective October 15, 2024.