NasdaqGS:CPLP

Stock Analysis Report

Capital Product Partners

Executive Summary

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has Capital Product Partners's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CPLP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-9.1%

CPLP

-12.7%

US Oil and Gas

-7.6%

US Market


1 Year Return

-28.9%

CPLP

-27.5%

US Oil and Gas

10.2%

US Market

Return vs Industry: CPLP underperformed the US Oil and Gas industry which returned -25.7% over the past year.

Return vs Market: CPLP underperformed the US Market which returned 10.5% over the past year.


Shareholder returns

CPLPIndustryMarket
7 Day-9.1%-12.7%-7.6%
30 Day-13.0%-14.6%-4.5%
90 Day-1.6%-16.7%-0.6%
1 Year42.0%-28.9%-24.7%-27.5%12.5%10.2%
3 Year18.6%-51.0%-23.7%-30.9%37.1%28.3%
5 Year-48.3%-83.3%-27.1%-38.2%60.8%43.2%

Price Volatility Vs. Market

How volatile is Capital Product Partners's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Capital Product Partners undervalued compared to its fair value and its price relative to the market?

13.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CPLP ($11.51) is trading above our estimate of fair value ($8.53)

Significantly Below Fair Value: CPLP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CPLP is poor value based on its PE Ratio (13.8x) compared to the Oil and Gas industry average (8.9x).

PE vs Market: CPLP is good value based on its PE Ratio (13.8x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: CPLP is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: CPLP is good value based on its PB Ratio (0.5x) compared to the US Oil and Gas industry average (0.8x).

Future Growth

How is Capital Product Partners forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

31.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPLP's forecast earnings growth (31.4% per year) is above the savings rate (1.7%).

Earnings vs Market: CPLP's earnings (31.4% per year) are forecast to grow faster than the US market (13.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CPLP's revenue (11.7% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: CPLP's revenue (11.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CPLP's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Capital Product Partners performed over the past 5 years?

-33.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CPLP has high quality earnings.

Growing Profit Margin: CPLP became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CPLP's earnings have declined by -33% per year over the past 5 years.

Accelerating Growth: CPLP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CPLP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-13.3%).


Return on Equity

High ROE: CPLP's Return on Equity (6%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Capital Product Partners's financial position?


Financial Position Analysis

Short Term Liabilities: CPLP's short term assets ($65.9M) exceed its short term liabilities ($64.7M).

Long Term Liabilities: CPLP's short term assets ($65.9M) do not cover its long term liabilities ($232.0M).


Debt to Equity History and Analysis

Debt Level: CPLP's debt to equity ratio (63.7%) is considered high.

Reducing Debt: CPLP's debt to equity ratio has reduced from 65.9% to 63.7% over the past 5 years.

Debt Coverage: CPLP's debt is well covered by operating cash flow (20.9%).

Interest Coverage: CPLP's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet

Inventory Level: CPLP has a high level of physical assets or inventory.

Debt Coverage by Assets: CPLP's debt is not covered by short term assets (assets are 0.3x debt).

Dividend

What is Capital Product Partners's current dividend yield, its reliability and sustainability?

11.41%

Current Dividend Yield


Dividend Yield vs Market

company11.4%marketbottom25%1.5%markettop25%4.0%industryaverage5.2%forecastin3Years12.3%

Current dividend yield vs market & industry

Notable Dividend: CPLP's dividend (11.25%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: CPLP's dividend (11.25%) is in the top 25% of dividend payers in the US market (3.9%)


Stability and Growth of Payments

Stable Dividend: CPLP's dividend payments have been volatile in the past 10 years.

Growing Dividend: CPLP's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (155.5%), CPLP's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CPLP's dividends in 3 years are forecast to be covered by earnings (74.6% payout ratio).

Management

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

4.7yrs

Average management tenure


CEO

Jerry Kalogiratos (42yo)

4.7yrs

Tenure

0

Mr. Gerasimos G. Kalogiratos, also known as Jerry, has been the Chief Executive Officer of Capital Gp Llc, a General Partner of Capital Product Partners L.P. since June 12, 2015 and served as its Chief Fin ...


Leadership Team

NamePositionTenureCompensationOwnership
Gerasimos Kalogiratos
CEO of Capital GP LLC & Director4.7yrsno datano data
Nikolaos Kalapotharakos
Chief Financial Officer of Capital GP LLC2yrsno datano data
Gerasimos Ventouris
Chief Operating Officer of Capital GP LLC4.7yrsno datano data
Eleni Tsoukala
Director & Secretary2yrsno datano data

4.7yrs

Average Tenure

43yo

Average Age

Experienced Management: CPLP's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gerasimos Kalogiratos
CEO of Capital GP LLC & Director4.7yrsno datano data
Eleni Tsoukala
Director & Secretary2yrsno datano data
Keith Forman
Non-Executive Chairman2.3yrsno datano data
Abel Rasterhoff
Independent Director12.8yrsno datano data
Gurpal Grewal
Director2.3yrsno datano data
Dimitris Christacopoulos
Director8.4yrsno datano data
Rory Hussey
Director2.4yrsno datano data

2.4yrs

Average Tenure

60yo

Average Age

Experienced Board: CPLP's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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

Capital Product Partners L.P.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Capital Product Partners L.P.
  • Ticker: CPLP
  • Exchange: NasdaqGS
  • Founded: 2007
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: US$213.242m
  • Market Cap: US$206.321m
  • Shares outstanding: 18.53m
  • Website: https://www.capitalpplp.com

Location

  • Capital Product Partners L.P.
  • Capital Building
  • 3, Iassonos Street
  • Piraeus
  • 18537
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPLPNasdaqGS (Nasdaq Global Select)YesCommon UnitsUSUSDMar 2007
7CPDB (Deutsche Boerse AG)YesCommon UnitsDEEURMar 2007
7CPABST (Boerse-Stuttgart)YesCommon UnitsDEEURMar 2007

Biography

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. Its vessels transports a range of cargoes, including crude oil; refined oil products, such as gasoline, diesel, fuel oil and jet fuel; edible oils; chemicals, such as ethanol; and dry cargo and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters. As of December 23, 2019, the company had a fleet of 14 vessels, including 13 Neo-Panamax container vessels and 1 Capesize bulk carrier. Capital GP L.L.C. serves as the general partner of the company. Capital Product Partners L.P. was founded in 2007 and is headquartered in Piraeus, Greece. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 00:13
End of Day Share Price2020/02/26 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.