CAPITAL PRODUCT PARTNERS LP (CPLP) Fundamental Analysis & Valuation

NASDAQ:CPLP • MHY110822068

Current stock price

16.77 USD
+0.35 (+2.13%)
Last:

This CPLP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. CPLP Profitability Analysis

1.1 Basic Checks

  • In the past year CPLP was profitable.
  • CPLP had positive earnings in 4 of the past 5 years.
  • CPLP had a positive operating cash flow in each of the past 5 years.
CPLP Yearly Net Income VS EBIT VS OCF VS FCFCPLP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M -200M

1.2 Ratios

  • CPLP has a worse Return On Assets (2.41%) than 67.86% of its industry peers.
  • The Return On Equity of CPLP (7.82%) is worse than 67.86% of its industry peers.
  • CPLP has a Return On Invested Capital of 3.92%. This is in the lower half of the industry: CPLP underperforms 64.29% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for CPLP is below the industry average of 7.12%.
Industry RankSector Rank
ROA 2.41%
ROE 7.82%
ROIC 3.92%
ROA(3y)4.15%
ROA(5y)-0.98%
ROE(3y)13.52%
ROE(5y)2.27%
ROIC(3y)4.41%
ROIC(5y)4.62%
CPLP Yearly ROA, ROE, ROICCPLP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 -20 -30

1.3 Margins

  • CPLP has a better Profit Margin (24.47%) than 64.29% of its industry peers.
  • CPLP's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 47.69%, CPLP belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • In the last couple of years the Operating Margin of CPLP has grown nicely.
  • With an excellent Gross Margin value of 96.65%, CPLP belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • CPLP's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 47.69%
PM (TTM) 24.47%
GM 96.65%
OM growth 3Y10.35%
OM growth 5Y6.14%
PM growth 3Y-15.08%
PM growth 5YN/A
GM growth 3Y0.12%
GM growth 5Y0.77%
CPLP Yearly Profit, Operating, Gross MarginsCPLP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50 -100

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. CPLP Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CPLP is destroying value.
  • Compared to 1 year ago, CPLP has more shares outstanding
  • CPLP has a better debt/assets ratio than last year.
CPLP Yearly Shares OutstandingCPLP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
CPLP Yearly Total Debt VS Total AssetsCPLP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

  • A Debt/Equity ratio of 1.99 is on the high side and indicates that CPLP has dependencies on debt financing.
  • CPLP has a worse Debt to Equity ratio (1.99) than 92.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.99
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.62
WACC6.29%
CPLP Yearly LT Debt VS Equity VS FCFCPLP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 0.53 indicates that CPLP may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.53, CPLP is doing worse than 92.86% of the companies in the same industry.
  • CPLP has a Quick Ratio of 0.53. This is a bad value and indicates that CPLP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.53, CPLP is doing worse than 89.29% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.53
Quick Ratio 0.53
CPLP Yearly Current Assets VS Current LiabilitesCPLP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. CPLP Growth Analysis

3.1 Past

  • CPLP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -58.79%.
  • The Earnings Per Share has been growing by 17.23% on average over the past years. This is quite good.
  • CPLP shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.37%.
  • The Revenue has been growing by 25.12% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-58.79%
EPS 3Y10.69%
EPS 5Y17.23%
EPS Q2Q%-8.33%
Revenue 1Y (TTM)22.37%
Revenue growth 3Y36.78%
Revenue growth 5Y25.12%
Sales Q2Q%10.32%

3.2 Future

  • CPLP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.00% yearly.
  • Based on estimates for the next years, CPLP will show a quite strong growth in Revenue. The Revenue will grow by 19.57% on average per year.
EPS Next Y-16.51%
EPS Next 2Y-4.83%
EPS Next 3Y-6.55%
EPS Next 5Y11%
Revenue Next Year25.79%
Revenue Next 2Y14.94%
Revenue Next 3Y15.44%
Revenue Next 5Y19.57%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
CPLP Yearly Revenue VS EstimatesCPLP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
CPLP Yearly EPS VS EstimatesCPLP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 4 6

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3

4. CPLP Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 8.51, which indicates a very decent valuation of CPLP.
  • CPLP's Price/Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Earnings ratio is at 25.70. CPLP is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 8.53, the valuation of CPLP can be described as reasonable.
  • The rest of the industry has a similar Price/Forward Earnings ratio as CPLP.
  • CPLP is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.51
Fwd PE 8.53
CPLP Price Earnings VS Forward Price EarningsCPLP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CPLP indicates a rather expensive valuation: CPLP more expensive than 85.71% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.57
CPLP Per share dataCPLP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • CPLP's earnings are expected to decrease with -6.55% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.49
EPS Next 2Y-4.83%
EPS Next 3Y-6.55%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. CPLP Dividend Analysis

5.1 Amount

  • CPLP has a Yearly Dividend Yield of 3.58%. Purely for dividend investing, there may be better candidates out there.
  • CPLP's Dividend Yield is comparable with the industry average which is at 6.69.
  • Compared to an average S&P500 Dividend Yield of 1.82, CPLP pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.58%

5.2 History

  • The dividend of CPLP decreases each year by -35.41%.
  • CPLP has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of CPLP decreased in the last 3 years.
Dividend Growth(5Y)-35.41%
Div Incr Years0
Div Non Decr Years2
CPLP Yearly Dividends per shareCPLP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

5.3 Sustainability

  • CPLP pays out 6.28% of its income as dividend. This is a sustainable payout ratio.
DP6.28%
EPS Next 2Y-4.83%
EPS Next 3Y-6.55%
CPLP Yearly Income VS Free CF VS DividendCPLP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M -200M
CPLP Dividend Payout.CPLP Dividend Payout, showing the Payout Ratio.CPLP Dividend Payout.PayoutRetained Earnings

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CPLP Fundamentals: All Metrics, Ratios and Statistics

CAPITAL PRODUCT PARTNERS LP

NASDAQ:CPLP (8/23/2024, 8:00:00 PM)

16.77

+0.35 (+2.13%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)08-02
Earnings (Next)N/A
Inst Owners0%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap926.37M
Revenue(TTM)393.20M
Net Income(TTM)96.22M
Analysts82.22
Price Target22.19 (32.32%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.58%
Yearly Dividend0.33
Dividend Growth(5Y)-35.41%
DP6.28%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)42.22%
Min EPS beat(2)-5.88%
Max EPS beat(2)90.31%
EPS beat(4)2
Avg EPS beat(4)24.17%
Min EPS beat(4)-14.44%
Max EPS beat(4)90.31%
EPS beat(8)4
Avg EPS beat(8)24.53%
EPS beat(12)7
Avg EPS beat(12)25.93%
EPS beat(16)9
Avg EPS beat(16)21.09%
Revenue beat(2)1
Avg Revenue beat(2)0.24%
Min Revenue beat(2)-2.92%
Max Revenue beat(2)3.4%
Revenue beat(4)2
Avg Revenue beat(4)1.11%
Min Revenue beat(4)-2.92%
Max Revenue beat(4)6.13%
Revenue beat(8)5
Avg Revenue beat(8)2.2%
Revenue beat(12)8
Avg Revenue beat(12)3.73%
Revenue beat(16)11
Avg Revenue beat(16)3.2%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-2.5%
EPS NQ rev (3m)3.77%
EPS NY rev (1m)12.18%
EPS NY rev (3m)-11.41%
Revenue NQ rev (1m)3.49%
Revenue NQ rev (3m)3.49%
Revenue NY rev (1m)2.13%
Revenue NY rev (3m)-6.22%
Valuation
Industry RankSector Rank
PE 8.51
Fwd PE 8.53
P/S 2.36
P/FCF N/A
P/OCF N/A
P/B 0.75
P/tB 0.75
EV/EBITDA 12.57
EPS(TTM)1.97
EY11.75%
EPS(NY)1.97
Fwd EY11.72%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS7.12
BVpS22.27
TBVpS22.27
PEG (NY)N/A
PEG (5Y)0.49
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 2.41%
ROE 7.82%
ROCE 4.96%
ROIC 3.92%
ROICexc 4.01%
ROICexgc 4.01%
OM 47.69%
PM (TTM) 24.47%
GM 96.65%
FCFM N/A
ROA(3y)4.15%
ROA(5y)-0.98%
ROE(3y)13.52%
ROE(5y)2.27%
ROIC(3y)4.41%
ROIC(5y)4.62%
ROICexc(3y)4.69%
ROICexc(5y)4.95%
ROICexgc(3y)4.69%
ROICexgc(5y)4.95%
ROCE(3y)5.59%
ROCE(5y)5.85%
ROICexgc growth 3Y-3.9%
ROICexgc growth 5Y13.29%
ROICexc growth 3Y-3.9%
ROICexc growth 5Y13.29%
OM growth 3Y10.35%
OM growth 5Y6.14%
PM growth 3Y-15.08%
PM growth 5YN/A
GM growth 3Y0.12%
GM growth 5Y0.77%
F-ScoreN/A
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 1.99
Debt/FCF N/A
Debt/EBITDA 9.02
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.53
Quick Ratio 0.53
Altman-Z N/A
F-ScoreN/A
WACC6.29%
ROIC/WACC0.62
Cap/Depr(3y)503.12%
Cap/Depr(5y)395.78%
Cap/Sales(3y)122.72%
Cap/Sales(5y)101.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-58.79%
EPS 3Y10.69%
EPS 5Y17.23%
EPS Q2Q%-8.33%
EPS Next Y-16.51%
EPS Next 2Y-4.83%
EPS Next 3Y-6.55%
EPS Next 5Y11%
Revenue 1Y (TTM)22.37%
Revenue growth 3Y36.78%
Revenue growth 5Y25.12%
Sales Q2Q%10.32%
Revenue Next Year25.79%
Revenue Next 2Y14.94%
Revenue Next 3Y15.44%
Revenue Next 5Y19.57%
EBIT growth 1Y31.14%
EBIT growth 3Y50.95%
EBIT growth 5Y32.8%
EBIT Next Year104.49%
EBIT Next 3Y38.14%
EBIT Next 5Y39.19%
FCF growth 1Y-602.27%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y9.72%
OCF growth 3Y32.89%
OCF growth 5Y14.11%

CAPITAL PRODUCT PARTNERS LP / CPLP Fundamental Analysis FAQ

What is the ChartMill fundamental rating of CAPITAL PRODUCT PARTNERS LP (CPLP) stock?

ChartMill assigns a fundamental rating of 3 / 10 to CPLP.


What is the valuation status of CAPITAL PRODUCT PARTNERS LP (CPLP) stock?

ChartMill assigns a valuation rating of 3 / 10 to CAPITAL PRODUCT PARTNERS LP (CPLP). This can be considered as Overvalued.


Can you provide the profitability details for CAPITAL PRODUCT PARTNERS LP?

CAPITAL PRODUCT PARTNERS LP (CPLP) has a profitability rating of 4 / 10.


How financially healthy is CAPITAL PRODUCT PARTNERS LP?

The financial health rating of CAPITAL PRODUCT PARTNERS LP (CPLP) is 0 / 10.


What is the earnings growth outlook for CAPITAL PRODUCT PARTNERS LP?

The Earnings per Share (EPS) of CAPITAL PRODUCT PARTNERS LP (CPLP) is expected to decline by -16.51% in the next year.