OM:CCOR B

Stock Analysis Report

Concordia Maritime

Executive Summary

Concordia Maritime AB (publ) operates as a tanker shipping company.

Snowflake

Fundamentals

Fair value with moderate growth potential.

Risks

  • Concordia Maritime is covered by less than 3 analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.5%

OM:CCOR B

-3.4%

SE Oil and Gas

-0.03%

SE Market


1 Year Return

6.9%

OM:CCOR B

-2.7%

SE Oil and Gas

-2.3%

SE Market

CCOR B outperformed the Oil and Gas industry which returned -2.7% over the past year.

CCOR B outperformed the Market in Sweden which returned -2.3% over the past year.


Share holder returns

CCOR BIndustryMarket
7 Day-0.5%-3.4%-0.03%
30 Day-13.2%-2.9%-3.7%
90 Day0.9%-1.3%-1.4%
1 Year6.9%6.9%-1.5%-2.7%1.8%-2.3%
3 Year-27.4%-30.0%26.2%13.5%24.6%6.2%
5 Year-14.0%-19.6%28.4%0.2%45.0%14.2%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Concordia Maritime's share price is below the future cash flow value, and at a moderate discount (> 20%).

Concordia Maritime's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Concordia Maritime is loss making, we can't compare its value to the Europe Oil and Gas industry average.

Concordia Maritime is loss making, we can't compare the value of its earnings to the Sweden market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Concordia Maritime, we can't assess if its growth is good value.


Price Based on Value of Assets

Concordia Maritime is good value based on assets compared to the SE Oil and Gas industry average.


Next Steps

Future Growth

How is Concordia Maritime expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

89.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Concordia Maritime's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Concordia Maritime's earnings are expected to grow significantly at over 20% yearly.

Concordia Maritime's revenues are expected to decrease over the next 1-3 years, this is below the Sweden market average.

Concordia Maritime's earnings growth is expected to exceed the Sweden market average.

Concordia Maritime's earnings growth is expected to exceed the low risk savings rate of 0.4%.


Earnings per Share Growth Estimates


Future Return on Equity

Concordia Maritime is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Concordia Maritime performed over the past 5 years?

-52.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Concordia Maritime does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Concordia Maritime's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Concordia Maritime's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Concordia Maritime has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Concordia Maritime has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Concordia Maritime improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Concordia Maritime's financial position?


Financial Position Analysis

Concordia Maritime is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Concordia Maritime's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Concordia Maritime's level of debt (155.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (118% vs 155.4% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.3x debt.


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.

Concordia Maritime has sufficient cash runway for more than 3 years based on current free cash flow.

Concordia Maritime has sufficient cash runway for 2.4 years if free cash flow continues to grow at historical rates of 106.4% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Concordia Maritime's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Concordia Maritime's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Concordia Maritime has not reported any payouts.

Unable to verify if Concordia Maritime's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Concordia Maritime has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Concordia Maritime's dividends in 3 years as they are not expected to pay a notable one for Sweden.


Next Steps

Management

What is the CEO of Concordia Maritime's salary, the management and board of directors tenure and is there insider trading?

7.6yrs

Average management tenure


CEO

Kim Ullman (62yo)

5.6yrs

Tenure

0

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 J ...


Management Age and Tenure

7.6yrs

Average Tenure

58yo

Average Age

The average tenure for the Concordia Maritime management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.6yrs

Average Tenure

57yo

Average Age

The tenure for the Concordia Maritime board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buykr102,01819 Nov 18
Mats Jansson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares9,670
Max Pricekr10.55
Buykr67,99614 Nov 18
Mats Jansson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares6,800
Max Pricekr10.00
Buykr6,37010 Nov 18
Helena Levander
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares637
Max Pricekr10.00
Buykr101,00009 Nov 18
Ola Helgesson
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares10,000
Max Pricekr10.10
Buykr100,53708 Nov 18
Mats Jansson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,238
Max Pricekr9.82
Buykr49108 Nov 18
Mats Jansson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares50
Max Pricekr9.82

Ownership Breakdown


Management Team

  • Kim Ullman (62yo)

    Chief Executive Officer

    • Tenure: 5.6yrs
  • Per Läbom (76yo)

    Technology Director

    • Tenure: 0.0yrs
  • Ken MacLeod

    Managing Director of Northern Marine Management

    • Tenure: 0.0yrs
  • Hwan Kim (76yo)

    Executive Vice President of Universe Tankships and Technical Director of Universe Tankships

    • Tenure: 0.0yrs
  • Barbara Oeuvray (53yo)

    Chief Executive Officer of Concordia Maritime AG

    • Tenure: 14.6yrs
  • Ola Helgesson (51yo)

    Chief Financial Officer

    • Tenure: 4.8yrs
  • N. Burgess (54yo)

    Chief Executive Officer of Concordia Maritime (Bermuda) Ltd

    • Tenure: 9.6yrs

Board Members

  • Helena Levander (62yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: kr225.00k
  • Michael Löw (68yo)

    Independent Director

    • Tenure: 7.6yrs
    • Compensation: kr225.00k
  • Carl-Johan Hagman (53yo)

    Chairman of the Board

    • Tenure: 0.0yrs
    • Compensation: kr400.00k
  • Stefan Brocker (53yo)

    Director

    • Tenure: 12.3yrs
    • Compensation: kr225.00k
  • Mats Jansson (74yo)

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: kr225.00k
  • Henrik Hallin (47yo)

    Director

    • Tenure: 0.3yrs
  • Sifaf Mahmoud (57yo)

    Deputy Employee Representative Director

    • Tenure: 5.6yrs

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: kr517.868m
  • Shares outstanding: 47.73m
  • Website: https://www.concordiamaritime.se

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCOR BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKAug 1992
CCORBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKAug 1992

Biography

Concordia Maritime AB (publ) operates as a tanker shipping company. It is involved in the shipbuilding, manning, technical and commercial operation, and chartering activities. The company focuses on transp ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 20:40
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.