Blue Dolphin Energy Company (BDCO): fair value, margin of safety and Wheel Score

Is BDCO undervalued?

BDCO has a margin of safety of 82%: the stock closed at 9.48 on 5 Nov 2026 against a GLS average fair value of 52.20. 7 of the 8 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.

The 8 models disagree widely: DCF gives 6.41 while Graham Growth gives 100.98. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.

Ranked against every other company we cover, BDCO is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 73, growth score 36, out of 100).

Nine valuation models for BDCO

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

On financial health BDCO scores 8/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 4.1 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.

Returns on capital are thin or negative - ROIC -7.5%, ROE -20.5%, ROA -5.2% - with debt at 1.75 times equity and a free-cash-flow yield of 29.3%.

Blue Dolphin Energy Company pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Refinery Operations 100%, Tolling and Terminaling 1% (quarter Q2 FY2026).

Institutional ownership scores 5/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 34: No options

BDCO has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (34 here). The valuation and quality numbers still apply to owning the shares outright.

Volume runs at 5k shares a day on a market cap of $141M, with a beta of 0.46 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.

Upcoming events

No upcoming earnings date is recorded for BDCO in the nightly calendar.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Oil & Gas Refining & Marketing

The 12 companies below are the closest to Blue Dolphin Energy Company by market cap within the Oil & Gas Refining & Marketing industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

⚖ Compare BDCO with 7 of them   All Energy stocks →