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CAPITAL PRODUCT PARTNERS LP (CPLP) Stock Fundamental Analysis

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 expensive, but it does show an excellent growth.


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

The Return On Assets of CPLP (2.41%) is worse than 67.86% of its industry peers.
The Return On Equity of CPLP (7.82%) is worse than 67.86% of its industry peers.
The Return On Invested Capital of CPLP (3.92%) is worse than 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 7.67%.
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's Profit Margin of 24.47% is fine compared to the rest of the industry. CPLP outperforms 64.29% of its industry peers.
CPLP's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 47.69%, CPLP belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
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

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CPLP is destroying value.
CPLP has more shares outstanding than it did 1 year ago.
CPLP has more shares outstanding than it did 5 years ago.
The debt/assets ratio for CPLP has been reduced compared to a year ago.
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.
The Debt to Equity ratio of CPLP (1.99) is worse 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 2015 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.
CPLP's Current ratio of 0.53 is on the low side compared to the rest of the industry. CPLP is outperformed by 92.86% of its industry peers.
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 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.
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%.
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.
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 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

CPLP is valuated reasonably with a Price/Earnings ratio of 8.51.
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 27.07.
A Price/Forward Earnings ratio of 8.53 indicates a reasonable valuation of CPLP.
The rest of the industry has a similar Price/Forward Earnings ratio as CPLP.
The average S&P500 Price/Forward Earnings ratio is at 22.59. CPLP is valued rather cheaply when compared to this.
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.
Compared to an average industry Dividend Yield of 6.75, CPLP has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.46, 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 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
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%