Concordia Maritime AB (publ) operates as a tanker shipping company in Sweden and internationally. More Details
Fair value with concerning outlook.
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.
7 Day Return
SE Oil and Gas
1 Year Return
SE Oil and Gas
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.
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
3 months ago | Simply Wall StConcordia Maritime (STO:CCOR B) Has Debt But No Earnings; Should You Worry?
4 months ago | Simply Wall StOne Analyst's Earnings Estimates For Concordia Maritime AB (publ) (STO:CCOR B) Are Surging Higher
5 months ago | Simply Wall StBreakeven On The Horizon For Concordia Maritime AB (publ) (STO:CCOR B)
Is Concordia Maritime undervalued compared to its fair value and its price relative to the market?
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).
How is Concordia Maritime forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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.
How has Concordia Maritime performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kim Ullman (64 yo)
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...
Experienced Board: CCOR B's board of directors are considered experienced (7.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Concordia Maritime AB (publ)'s company bio, employee growth, exchange listings and data sources
- 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
- Concordia Maritime AB (publ)
- Västra Götaland County
- 405 19
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/20 21:11|
|End of Day Share Price||2021/09/20 00:00|
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.