CAPITAL PRODUCT PARTNERS LP (CPLP) Stock Fundamental Analysis
USA - NASDAQ:CPLP - MHY110822068
16.77 USD
+0.35 (+2.13%)
We assign a fundamental rating of 3 out of 10 to CPLP. CPLP was compared to 35 industry peers in the Marine Transportation industry. While CPLP is still in line with the averages on profitability rating, there are concerns on its financial health. CPLP shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
CPLP had positive earnings in the past year.
CPLP had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CPLP had a positive operating cash flow.
1.2 Ratios
CPLP has a worse Return On Assets (2.41%) than 67.86% of its industry peers.
CPLP has a worse Return On Equity (7.82%) than 67.86% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.92%, CPLP is doing worse than 64.29% of the companies in the same industry.
CPLP had an Average Return On Invested Capital over the past 3 years of 4.41%. This is below the industry average of 7.67%.
| Industry Rank | Sector 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%
1.3 Margins
CPLP has a Profit Margin of 24.47%. This is in the better half of the industry: CPLP outperforms 64.29% of its industry peers.
CPLP's Profit Margin has declined in the last couple of years.
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.
CPLP's Gross Margin of 96.65% is amongst the best of the industry. CPLP outperforms 100.00% of its industry peers.
CPLP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
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
CPLP has a better debt/assets ratio than last year.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.99 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.62
WACC6.29%
2.3 Liquidity
A Current Ratio of 0.53 indicates that CPLP may have some problems paying its short term obligations.
The Current ratio of CPLP (0.53) is worse 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.53 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
CPLP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -58.79%.
Measured over the past years, CPLP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.23% on average per year.
CPLP shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.37%.
Measured over the past years, CPLP shows a very strong growth in Revenue. The Revenue has been growing by 25.12% on average per year.
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.
CPLP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.57% yearly.
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
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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.
4. Valuation
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.
CPLP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.38.
A Price/Forward Earnings ratio of 8.53 indicates a reasonable valuation of CPLP.
CPLP's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.86. CPLP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.51 | ||
| Fwd PE | 8.53 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CPLP is valued expensively inside the industry as 85.71% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.57 |
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%
5. Dividend
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 6.76.
Compared to an average S&P500 Dividend Yield of 2.38, CPLP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.58% |
5.2 History
The dividend of CPLP decreases each year by -35.41%.
CPLP has paid a dividend for at least 10 years, which is 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
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%
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)
Earnings (Next)
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 Rank | Sector 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 Rank | Sector 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 Rank | Sector 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 Rank | Sector 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%