CAPITAL PRODUCT PARTNERS LP (CPLP)
MHY110822068
Taking everything into account, CPLP scores 5 out of 10 in our fundamental rating. CPLP was compared to 29 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
CPLP had positive earnings in the past year.
In the past year CPLP had a positive cash flow from operations.
Of the past 5 years CPLP 4 years were profitable.
CPLP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CPLP (1.45%) is worse than 65.52% of its industry peers.
CPLP's Return On Equity of 3.88% is on the low side compared to the rest of the industry. CPLP is outperformed by 62.07% of its industry peers.
The Return On Invested Capital of CPLP (4.34%) is comparable to the rest of the industry.
CPLP had an Average Return On Invested Capital over the past 3 years of 4.41%. This is below the industry average of 7.51%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.45% | ||
| ROE | 3.88% | ||
| ROIC | 4.34% |
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
Looking at the Profit Margin, with a value of 12.63%, CPLP is in line with its industry, outperforming 44.83% of the companies in the same industry.
In the last couple of years the Profit Margin of CPLP has declined.
CPLP has a better Operating Margin (45.02%) than 82.76% 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 95.86%, CPLP belongs to the best of the industry, outperforming 96.55% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 45.02% | ||
| PM (TTM) | 12.63% | ||
| GM | 95.86% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CPLP is destroying value.
CPLP has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CPLP has been increased compared to 5 years ago.
CPLP has a better debt/assets ratio than last year.
2.2 Solvency
CPLP has a debt to FCF ratio of 9.37. This is a negative value and a sign of low solvency as CPLP would need 9.37 years to pay back of all of its debts.
CPLP has a Debt to FCF ratio (9.37) which is in line with its industry peers.
CPLP has a Debt/Equity ratio of 1.42. This is a high value indicating a heavy dependency on external financing.
CPLP's Debt to Equity ratio of 1.42 is on the low side compared to the rest of the industry. CPLP is outperformed by 89.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 9.37 | ||
| Altman-Z | N/A |
ROIC/WACC0.86
WACC5.07%
2.3 Liquidity
A Current Ratio of 1.23 indicates that CPLP should not have too much problems paying its short term obligations.
CPLP's Current ratio of 1.23 is in line compared to the rest of the industry. CPLP outperforms 41.38% of its industry peers.
A Quick Ratio of 1.23 indicates that CPLP should not have too much problems paying its short term obligations.
CPLP has a Quick ratio of 1.23. This is comparable to the rest of the industry: CPLP outperforms 48.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.23 |
3. Growth
3.1 Past
The earnings per share for CPLP have decreased strongly by -64.94% in the last year.
The Earnings Per Share has been growing by 17.23% on average over the past years. This is quite good.
Looking at the last year, CPLP shows a very strong growth in Revenue. The Revenue has grown by 20.57%.
The Revenue has been growing by 25.12% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-64.94%
EPS 3Y10.69%
EPS 5Y17.23%
EPS growth Q2Q-53.4%
Revenue 1Y (TTM)20.57%
Revenue growth 3Y36.78%
Revenue growth 5Y25.12%
Revenue growth Q2Q19.54%
3.2 Future
Based on estimates for the next years, CPLP will show a decrease in Earnings Per Share. The EPS will decrease by -7.20% on average per year.
The Revenue is expected to grow by 12.93% on average over the next years. This is quite good.
EPS Next Y-5.76%
EPS Next 2Y-0.29%
EPS Next 3Y-7.2%
EPS Next 5YN/A
Revenue Next Year34.14%
Revenue Next 2Y19.44%
Revenue Next 3Y12.93%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
A Price/Earnings ratio of 7.67 indicates a rather cheap valuation of CPLP.
CPLP's Price/Earnings ratio is a bit cheaper when compared to the industry. CPLP is cheaper than 68.97% of the companies in the same industry.
CPLP is valuated cheaply when we compare the Price/Earnings ratio to 24.84, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.14, the valuation of CPLP can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CPLP is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.35, CPLP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.67 | ||
| Fwd PE | 8.14 |
4.2 Price Multiples
75.86% of the companies in the same industry are more expensive than CPLP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.84 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as CPLP's earnings are expected to decrease with -7.20% in the coming years.
PEG (NY)N/A
PEG (5Y)0.45
EPS Next 2Y-0.29%
EPS Next 3Y-7.2%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.70%, CPLP has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.90, CPLP has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, CPLP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
5.2 History
The dividend of CPLP decreases each year by -26.67%.
CPLP has been paying a dividend for at least 10 years, so it has a reliable track record.
CPLP has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-26.67%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
The Dividend Rate of CPLP has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP0%
EPS Next 2Y-0.29%
EPS Next 3Y-7.2%
CAPITAL PRODUCT PARTNERS LP
NASDAQ:CPLP (4/26/2024, 7:00:00 PM)
16.65
+0.45 (+2.78%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap916.42M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.67 | ||
| Fwd PE | 8.14 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.45% | ||
| ROE | 3.88% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 45.02% | ||
| PM (TTM) | 12.63% | ||
| GM | 95.86% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.23 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-64.94%
EPS 3Y10.69%
EPS 5Y
EPS growth Q2Q
EPS Next Y-5.76%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)20.57%
Revenue growth 3Y36.78%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y