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CAPITAL PRODUCT PARTNERS LP (CPLP) Stock Fundamental Analysis

USA - NASDAQ:CPLP - MHY110822068

16.77 USD
+0.35 (+2.13%)
Last: 8/23/2024, 8:00:00 PM
Fundamental Rating

3

CPLP gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 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 is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

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4

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.
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

Looking at the Return On Assets, with a value of 2.41%, CPLP is doing worse than 67.86% of the companies in the same industry.
CPLP's Return On Equity of 7.82% is on the low side compared to the rest of the industry. CPLP is outperformed by 67.86% of its industry peers.
CPLP has a worse Return On Invested Capital (3.92%) than 64.29% of its industry peers.
CPLP had an Average Return On Invested Capital over the past 3 years of 4.41%. This is below the industry average of 7.39%.
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

With a decent Profit Margin value of 24.47%, CPLP is doing good in the industry, outperforming 64.29% of the companies in the same industry.
CPLP's Profit Margin has declined in the last couple of years.
The Operating Margin of CPLP (47.69%) is better than 85.71% of its industry peers.
CPLP's Operating Margin has improved in the last couple of years.
CPLP has a better Gross Margin (96.65%) than 100.00% of its industry peers.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50 -100

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0

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CPLP is destroying value.
The number of shares outstanding for CPLP has been increased compared to 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.
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

A Debt/Equity ratio of 1.99 is on the high side and indicates that CPLP has dependencies on debt financing.
With a Debt to Equity ratio value of 1.99, CPLP is not doing good in the industry: 92.86% of the companies in the same industry are doing better.
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.
CPLP's Quick ratio of 0.53 is on the low side compared to the rest of the industry. CPLP is outperformed by 89.29% of its industry peers.
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.
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.
Looking at the last year, CPLP shows a very strong growth in Revenue. 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

Based on estimates for the next years, CPLP will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.00% on average per year.
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

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.
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

A Price/Earnings ratio of 8.51 indicates a reasonable valuation of CPLP.
CPLP's Price/Earnings is on the same level as the industry average.
CPLP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.76.
With a Price/Forward Earnings ratio of 8.53, the valuation of CPLP can be described as very 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 23.18, 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

Based on the Enterprise Value to EBITDA ratio, CPLP is valued more expensive than 85.71% of the companies 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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4

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 6.59.
Compared to an average S&P500 Dividend Yield of 2.41, CPLP pays a bit more dividend than the S&P500 average.
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.
CPLP has decreased its dividend 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

6.28% of the earnings are spent on dividend by CPLP. This is a low number and 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%