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Concordia Maritime

Market Cap

kr308.3m

Last Updated

2021/09/20 21:11 UTC

Data Sources

Company Financials +

Executive Summary

Concordia Maritime AB (publ) operates as a tanker shipping company in Sweden and internationally. More Details


Snowflake Analysis

Fair value with concerning outlook.


Similar Companies

Share Price & News

How has Concordia Maritime's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CCOR B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CCOR B's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-2.7%

CCOR B

-4.0%

SE Oil and Gas

-3.3%

SE Market


1 Year Return

-28.2%

CCOR B

9.5%

SE Oil and Gas

33.7%

SE Market

Return vs Industry: CCOR B underperformed the Swedish Oil and Gas industry which returned 8.1% over the past year.

Return vs Market: CCOR B underperformed the Swedish Market which returned 33.3% over the past year.


Shareholder returns

CCOR BIndustryMarket
7 Day-2.7%-4.0%-3.3%
30 Day-6.4%1.2%-4.5%
90 Day-19.9%-12.8%3.3%
1 Year-28.2%-28.2%11.2%9.5%38.2%33.7%
3 Year-37.0%-37.0%-31.2%-35.2%65.9%49.5%
5 Year-55.9%-57.5%-0.3%-7.8%100.7%63.1%

Long-Term Price Volatility Vs. Market

How volatile is Concordia Maritime's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Concordia Maritime undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCOR B (SEK6.46) is trading below our estimate of fair value (SEK65.07)

Significantly Below Fair Value: CCOR B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CCOR B is unprofitable, so we can't compare its PE Ratio to the European Oil and Gas industry average.

PE vs Market: CCOR B is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CCOR B's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CCOR B is good value based on its PB Ratio (0.4x) compared to the SE Oil and Gas industry average (2x).


Future Growth

How is Concordia Maritime forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

85.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCOR B is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CCOR B is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CCOR B is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CCOR B's revenue (12.3% per year) is forecast to grow faster than the Swedish market (3.9% per year).

High Growth Revenue: CCOR B's revenue (12.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCOR B is forecast to be unprofitable in 3 years.


Past Performance

How has Concordia Maritime performed over the past 5 years?

-1.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCOR B is currently unprofitable.

Growing Profit Margin: CCOR B is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CCOR B is unprofitable, and losses have increased over the past 5 years at a rate of 1.7% per year.

Accelerating Growth: Unable to compare CCOR B's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CCOR B is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (3.9%).


Return on Equity

High ROE: CCOR B has a negative Return on Equity (-47.77%), as it is currently unprofitable.


Financial Health

How is Concordia Maritime's financial position?


Financial Position Analysis

Short Term Liabilities: CCOR B's short term assets (SEK208.3M) do not cover its short term liabilities (SEK942.1M).

Long Term Liabilities: CCOR B's short term assets (SEK208.3M) do not cover its long term liabilities (SEK1.2B).


Debt to Equity History and Analysis

Debt Level: CCOR B's debt to equity ratio (178.4%) is considered high.

Reducing Debt: CCOR B's debt to equity ratio has increased from 106.7% to 178.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CCOR B has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CCOR B has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Concordia Maritime current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CCOR B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CCOR B's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CCOR B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CCOR B's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CCOR B is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CCOR B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.5yrs

Average board tenure


CEO

Kim Ullman (64 yo)

7.67yrs

Tenure

Mr. Joakim Ullman, also known as Kim, has been the Chief Executive Officer of Concordia Maritime AB (publ) since January 1, 2014. Mr. Ullman served as the President of Concordia Maritime AB (publ) since Ja...


Board Members

Experienced Board: CCOR B's board of directors are considered experienced (7.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Concordia Maritime AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Concordia Maritime AB (publ)
  • Ticker: CCOR B
  • Exchange: OM
  • Founded: 1984
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: kr308.334m
  • Shares outstanding: 47.73m
  • Website: https://www.concordiamaritime.com

Number of Employees


Location

  • Concordia Maritime AB (publ)
  • Sverige
  • Gothenburg
  • Västra Götaland County
  • 405 19
  • Sweden

Listings


Biography

Concordia Maritime AB (publ) operates as a tanker shipping company in Sweden and internationally. It is involved in the shipbuilding, manning, technical, chartering, and commercial operation. The company e...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 21:11
End of Day Share Price2021/09/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.