Nov. 26 at 5:16 PM
$BANL $IOTR — Article 12 Summary (Just Published): CBL is trading at micro-cap levels despite >
$500M revenue, zero debt, strong cash position, and a rapidly expanding digital/ESG tech stack. iO3 is simultaneously scaling its software infrastructure and just reset its U.S. equity structure.
We built a 12-year Hybrid Valuation Model using only public data (no deal assumptions). Three scenarios — Base, Bull, and Bear — all show significant long-term upside based on revenue CAGR, FCF strength, and BV compounding. Even the Bear case shows steady appreciation from current levels.
10 analysts have been quietly rating BANL “Hold” since mid-2025. These internal-only ratings suggest institutional desks are watching closely but waiting for management to provide clearer guidance.
Bottom line: The valuation gap looks structural, not fundamental. BANL is operating far above where its market cap suggests, and the market seems to be waiting for clarity. Full article here: https://img1.wsimg.com/blobby/go/1fe6a4f8-bf3a-487a-b0ae-9689f11e6062/Article%2012%20FINAL%20(26-NOV-25).pdf
