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CAPITAL PRODUCT PARTNERS LP (CPLP) Stock Fundamental Analysis

NASDAQ:CPLP - Nasdaq - MHY110822068 - Currency: USD

16.77  +0.35 (+2.13%)

Fundamental Rating

3

Overall CPLP gets a fundamental rating of 3 out of 10. We evaluated CPLP against 34 industry peers in the Marine Transportation industry. CPLP has a medium profitability rating, but doesn't score so well on its financial health evaluation. CPLP shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

CPLP had positive earnings in the past year.
Of the past 5 years CPLP 4 years were profitable.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M -200M

1.2 Ratios

CPLP's Return On Assets of 2.41% is on the low side compared to the rest of the industry. CPLP is outperformed by 67.86% of its industry peers.
Looking at the Return On Equity, with a value of 7.82%, CPLP is doing worse than 67.86% of the companies in the same industry.
The Return On Invested Capital of CPLP (3.92%) is worse than 64.29% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CPLP is below the industry average of 7.64%.
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 2015 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.
In the last couple of years the Profit Margin of CPLP has declined.
CPLP has a better Operating Margin (47.69%) than 85.71% of its industry peers.
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.
In the last couple of years the Gross Margin of CPLP has remained more or less at the same level.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50 -100

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0

2. Health

2.1 Basic Checks

CPLP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, CPLP has more shares outstanding
Compared to 5 years ago, CPLP has more shares outstanding
Compared to 1 year ago, CPLP has an improved debt to assets ratio.
CPLP Yearly Shares OutstandingCPLP Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

CPLP has a Debt/Equity ratio of 1.99. This is a high value indicating a heavy dependency on external financing.
CPLP's Debt to Equity ratio of 1.99 is on the low side compared to the rest of the industry. CPLP is outperformed by 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B

2.3 Liquidity

CPLP has a Current 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.
CPLP has a worse Current ratio (0.53) than 92.86% of its industry peers.
A Quick Ratio of 0.53 indicates that CPLP may have some problems paying its short term obligations.
With a Quick ratio value of 0.53, CPLP is not doing good in the industry: 89.29% of the companies in the same industry are doing better.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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7

3. Growth

3.1 Past

The earnings per share for CPLP have decreased strongly by -58.79% in the last year.
CPLP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.23% yearly.
The Revenue has grown by 22.37% in the past year. This is a very strong growth!
CPLP shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.12% yearly.
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

The Earnings Per Share is expected to grow by 11.00% on average over the next years. This is quite good.
The Revenue is expected to grow by 19.57% on average over the next years. This is quite good.
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
CPLP Yearly Revenue VS EstimatesCPLP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 4 6

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3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 8.51, the valuation of CPLP can be described as very reasonable.
The rest of the industry has a similar Price/Earnings ratio as CPLP.
When comparing the Price/Earnings ratio of CPLP to the average of the S&P500 Index (27.45), we can say CPLP is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.53, the valuation of CPLP can be described as very reasonable.
CPLP's Price/Forward Earnings is on the same level as the industry average.
CPLP is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.90, 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

A cheap valuation may be justified as CPLP's earnings are expected to decrease with -6.55% in the coming years.
PEG (NY)N/A
PEG (5Y)0.49
EPS Next 2Y-4.83%
EPS Next 3Y-6.55%

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5

5. Dividend

5.1 Amount

CPLP has a Yearly Dividend Yield of 3.58%.
CPLP's Dividend Yield is comparable with the industry average which is at 7.72.
Compared to an average S&P500 Dividend Yield of 2.38, 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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 2015 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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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 2024-08-02/bmo
Earnings (Next)N/A N/A
Inst Owners0%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap926.37M
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
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%
ROICexcg growth 3Y-3.9%
ROICexcg 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%