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Capital Product Partners

Nasdaq:CPLP
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CPLP
Nasdaq
$188M
Imp Market Cap
  1. Home
  2. US
  3. Energy
Company description

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The last earnings update was 9 days ago. More info.


Add to Portfolio Compare Print
  • Capital Product Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Capital Product Partners has significant price volatility in the past 3 months.
CPLP Share Price and Events
7 Day Returns
-0.1%
NasdaqGS:CPLP
0.9%
US Oil and Gas
1.6%
US Market
1 Year Returns
-53%
NasdaqGS:CPLP
-17.5%
US Oil and Gas
2.6%
US Market
CPLP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Capital Product Partners (CPLP) -0.1% -7.4% -34.7% -53% -43.9% -86.2%
US Oil and Gas 0.9% -4.9% -3.1% -17.5% -0.8% -32.9%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • CPLP underperformed the Oil and Gas industry which returned -17.5% over the past year.
  • CPLP underperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
CPLP
Industry
5yr Volatility vs Market

CPLP Value

 Is Capital Product Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Capital Product Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Capital Product Partners.

NasdaqGS:CPLP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 26.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CPLP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 15%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.9 (1 + (1- 29%) (149.73%))
1.573
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.57
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.573 * 14.99%)
26.32%

Discounted Cash Flow Calculation for NasdaqGS:CPLP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Capital Product Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:CPLP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 26.32%)
2019 48.60 Analyst x2 38.48
2020 57.26 Analyst x2 35.89
2021 63.00 Analyst x1 31.26
2022 65.44 Est @ 3.88% 25.71
2023 67.75 Est @ 3.53% 21.07
2024 69.98 Est @ 3.29% 17.23
2025 72.17 Est @ 3.12% 14.07
2026 74.34 Est @ 3.01% 11.47
2027 76.51 Est @ 2.92% 9.35
2028 78.70 Est @ 2.87% 7.61
Present value of next 10 years cash flows $212.12
NasdaqGS:CPLP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $78.70 × (1 + 2.73%) ÷ (26.32% – 2.73%)
$342.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $342.81 ÷ (1 + 26.32%)10
$33.15
NasdaqGS:CPLP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $212.12 + $33.15
$245.27
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $245.27 / 18.53
$13.24
NasdaqGS:CPLP Discount to Share Price
Calculation Result
Value per share (USD) From above. $13.24
Current discount Discount to share price of $10.37
= -1 x ($10.37 - $13.24) / $13.24
21.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Capital Product Partners is available for.
Intrinsic value
22%
Share price is $10.37 vs Future cash flow value of $13.24
Current Discount Checks
For Capital Product Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Capital Product Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Capital Product Partners's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Capital Product Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Capital Product Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CPLP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.71
NasdaqGS:CPLP Share Price ** NasdaqGS (2019-05-21) in USD $10.37
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 13.25x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Capital Product Partners.

NasdaqGS:CPLP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CPLP Share Price ÷ EPS (both in USD)

= 10.37 ÷ -0.71

-14.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Capital Product Partners is loss making, we can't compare its value to the US Oil and Gas industry average.
  • Capital Product Partners is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Capital Product Partners's expected growth come at a high price?
Raw Data
NasdaqGS:CPLP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -14.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
63.4%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.52x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Capital Product Partners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Capital Product Partners's assets?
Raw Data
NasdaqGS:CPLP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $22.37
NasdaqGS:CPLP Share Price * NasdaqGS (2019-05-21) in USD $10.37
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1.09x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
NasdaqGS:CPLP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CPLP Share Price ÷ Book Value per Share (both in USD)

= 10.37 ÷ 22.37

0.46x

* Primary Listing of Capital Product Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Capital Product Partners is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Capital Product Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Capital Product Partners has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CPLP Future Performance

 How is Capital Product Partners expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
63.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Capital Product Partners expected to grow at an attractive rate?
  • Capital Product Partners's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Capital Product Partners's earnings growth is expected to exceed the United States of America market average.
  • Capital Product Partners's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CPLP Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CPLP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 63.4%
NasdaqGS:CPLP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts -12.5%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CPLP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CPLP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 114 32 2
2020-12-31 119 76 39 9
2019-12-31 108 66 21 7
NasdaqGS:CPLP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 277 91 -13
2018-12-31 279 98 -11
2018-09-30 269 106 -17
2018-06-30 258 113 14
2018-03-31 254 124 20
2017-12-31 249 127 27
2017-09-30 247 125 34
2017-06-30 245 160 36
2017-03-31 244 162 40
2016-12-31 242 155 40
2016-09-30 239 157 42
2016-06-30 236 129 44

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Capital Product Partners's earnings are expected to grow significantly at over 20% yearly.
  • Capital Product Partners's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CPLP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Capital Product Partners Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CPLP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.75 1.75 1.75 1.00
2020-12-31 2.18 2.65 1.99 4.00
2019-12-31 1.17 1.37 0.90 4.00
NasdaqGS:CPLP Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.71
2018-12-31 -0.60
2018-09-30 -0.97
2018-06-30 0.79
2018-03-31 1.11
2017-12-31 1.51
2017-09-30 1.92
2017-06-30 2.05
2017-03-31 2.35
2016-12-31 2.35
2016-09-30 2.45
2016-06-30 2.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Capital Product Partners is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Capital Product Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Capital Product Partners has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CPLP Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Capital Product Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Capital Product Partners does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Capital Product Partners's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Capital Product Partners's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Capital Product Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Capital Product Partners Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CPLP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 276.66 -12.87 5.00
2018-12-31 279.25 -10.92 5.72
2018-09-30 268.61 -17.48 6.20
2018-06-30 257.87 14.26 6.45
2018-03-31 254.38 19.87 6.52
2017-12-31 249.12 26.73 6.23
2017-09-30 247.41 33.50 6.05
2017-06-30 245.00 35.55 6.24
2017-03-31 243.84 40.44 6.16
2016-12-31 241.62 40.29 5.99
2016-09-30 238.58 41.85 5.77
2016-06-30 235.90 43.82 6.16
2016-03-31 229.51 43.18 6.04
2015-12-31 220.34 43.19 6.61
2015-09-30 210.70 41.38 6.89
2015-06-30 201.28 38.76 6.60
2015-03-31 194.22 31.48 6.86
2014-12-31 192.78 29.38 6.32
2014-09-30 190.08 16.47 6.14
2014-06-30 184.65 37.27 6.38
2014-03-31 178.98 66.11 8.17
2013-12-31 171.49 78.40 9.48
2013-09-30 162.79 43.31 10.35
2013-06-30 158.00 18.26 10.59
2013-03-31 154.08 -15.17 9.46
2012-12-31 153.95 -31.36 9.15
2012-09-30 159.60 5.65 4.65
2012-06-30 152.50 69.32 5.74

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Capital Product Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Capital Product Partners used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Capital Product Partners improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Capital Product Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Capital Product Partners has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CPLP Health

 How is Capital Product Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Capital Product Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Capital Product Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Capital Product Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Capital Product Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Capital Product Partners Company Filings, last reported 1 month ago.

NasdaqGS:CPLP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 406.69 281.28 73.45
2018-12-31 881.31 441.02 30.20
2018-09-30 881.22 453.92 28.81
2018-06-30 916.86 473.23 32.46
2018-03-31 925.75 470.25 40.73
2017-12-31 933.41 454.33 63.30
2017-09-30 936.82 585.03 158.19
2017-06-30 929.78 593.98 138.30
2017-03-31 931.52 598.09 124.38
2016-12-31 927.76 602.19 106.68
2016-09-30 922.85 590.53 105.56
2016-06-30 921.18 594.62 55.25
2016-03-31 918.04 598.84 40.27
2015-12-31 937.82 567.81 90.19
2015-09-30 954.38 572.97 89.77
2015-06-30 972.27 531.71 116.62
2015-03-31 856.90 593.32 146.03
2014-12-31 872.56 574.67 164.20
2014-09-30 886.64 579.27 161.89
2014-06-30 750.45 580.62 67.71
2014-03-31 767.65 581.97 64.29
2013-12-31 781.43 583.32 63.97
2013-09-30 804.46 584.67 66.61
2013-06-30 672.39 511.02 74.65
2013-03-31 653.20 512.37 35.94
2012-12-31 573.83 458.83 43.55
2012-09-30 627.38 464.47 39.82
2012-06-30 639.26 464.90 40.13
  • Capital Product Partners's level of debt (69.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (75.8% vs 69.2% today).
  • Debt is well covered by operating cash flow (32.2%, greater than 20% of total debt).
  • Capital Product Partners is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Capital Product Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Capital Product Partners has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CPLP Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
12.15%
Current annual income from Capital Product Partners dividends. Estimated to be 12.15% next year.
If you bought $2,000 of Capital Product Partners shares you are expected to receive $243 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Capital Product Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Capital Product Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CPLP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 66 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CPLP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.26 2.00
2020-12-31 1.26 6.00
2019-12-31 1.26 6.00
NasdaqGS:CPLP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-03 1.260 11.966
2019-01-22 1.260 9.245
2018-10-18 2.240 13.075
2018-07-18 2.240 10.931
2018-04-18 2.240 10.284
2018-01-17 2.240 9.918
2017-10-19 2.240 9.560
2017-07-20 2.240 8.972
2017-04-20 2.240 9.227
2017-02-03 2.240 9.431
2017-01-31 2.240 8.784
2017-01-18 2.135 8.545
2016-10-20 2.100 9.771
2016-07-21 2.100 8.751
2016-04-27 2.100 10.386
2016-01-25 6.678 28.583
2015-10-21 6.678 17.118
2015-07-23 6.622 13.533
2015-04-23 6.566 11.088
2015-01-23 6.510 9.910
2014-10-23 6.510 11.398
2014-07-22 6.510 9.172
2014-04-23 6.510 8.526
2014-01-22 6.510 8.795
2013-10-21 6.510 9.856
2013-07-22 6.510 10.287
2013-04-22 6.510 10.175
2013-01-22 6.510 11.566
2012-10-23 6.510 13.212
2012-07-31 6.510 11.820
2012-04-24 6.510 12.177
2012-01-23 6.510 11.994
2011-10-26 6.510 14.448
2011-07-22 6.510 14.353
2011-04-21 6.510 10.062
2011-01-21 6.510 9.271
2010-10-25 6.510 10.298
2010-07-30 6.510 11.034
2010-07-23 6.300 10.105
2010-04-23 6.300 11.201
2010-01-29 11.480 18.769
2009-10-26 11.480 19.201
2009-07-27 11.480 18.854

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Capital Product Partners's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Capital Product Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Capital Product Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Capital Product Partners has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CPLP Management

 What is the CEO of Capital Product Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jerry Kalogiratos
AGE 41
TENURE AS CEO 3.9 years
CEO Bio

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 Financial Officer since June 12, 2015 until February 28, 2018. Mr. Kalogiratos served as the Chief Operating Officer of Capital Product Partners L.P. Mr. Kalogiratos serves as Chief Financial Officer of Crude Carriers Corp. He joined Capital Maritime & Trading Corp. in 2005 and serves as its Finance Director. His responsibilities include the newbuilding commercial projects (including contract negotiations and financing) and vessel sales & acquisitions. He was part of the team that completed the IPO of Capital Product Partners L.P. in 2007 and serves as Capital Product Partners L.P.'s Investment Relations Officer. He is a Director of Diamond S Shipping Inc. since march 2019. He has over 8 years of experience in the shipping and finance industries, specializing in shipping finance and vessel acquisitions. From 1998 to 2000, Mr. Kalogiratos was employed by Attalos Securities S.A. in Greece, where he worked in the equities sales department. Mr. Kalogiratos serves as a Director of Crude Carriers Corp. He has been a Director of Capital Product Partners L.P. since December 2014. Before he joined Capital Maritime, he completed his MA in European Politics and Economics at the Humboldt University and subsequently worked for the European Politics Department of the Frei University in Germany. Mr. Kalogiratos holds a B.A degree in Politics, Philosophy and Economics from the University of Oxford in the United Kingdom.

CEO Compensation
  • Insufficient data for Jerry to compare compensation growth.
  • Insufficient data for Jerry to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Capital Product Partners management team in years:

3.9
Average Tenure
42
Average Age
  • The tenure for the Capital Product Partners management team is about average.
Management Team

Jerry Kalogiratos

TITLE
CEO of Capital GP LLC & Director
AGE
41
TENURE
3.9 yrs

Nikolaos Kalapotharakos

TITLE
Chief Financial Officer of Capital GP LLC
AGE
43
TENURE
1.3 yrs

Gerry Ventouris

TITLE
Chief Operating Officer of Capital GP LLC
AGE
67
TENURE
3.9 yrs

Eleni Tsoukala

TITLE
Director & Secretary
AGE
40
Board of Directors Tenure

Average tenure and age of the Capital Product Partners board of directors in years:

1.7
Average Tenure
59
Average Age
  • The average tenure for the Capital Product Partners board of directors is less than 3 years, this suggests a new board.
Board of Directors

Keith Forman

TITLE
Non-Executive Chairman
AGE
59
TENURE
1.6 yrs

Jerry Kalogiratos

TITLE
CEO of Capital GP LLC & Director
AGE
41
TENURE
4.4 yrs

Eleni Tsoukala

TITLE
Director & Secretary
AGE
40
TENURE
1.3 yrs

Abel Rasterhoff

TITLE
Independent Director
AGE
77
TENURE
12.1 yrs

Dimitris Christacopoulos

TITLE
Director
AGE
47
TENURE
7.7 yrs

Rory Hussey

TITLE
Director
AGE
66
TENURE
1.7 yrs

Gurpal Grewal

TITLE
Director
AGE
71
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Capital Product Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Capital Product Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CPLP News

Simply Wall St News

Who Really Owns Capital Product Partners LP (NASDAQ:CPLP)?

A look at the shareholders of Capital Product Partners LP (NASDAQ:CPLP) can tell us which group is most powerful. … Capital Product Partners is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Does Capital Product Partners LP's (NASDAQ:CPLP) PE Ratio Warrant A Sell?

and want to begin learning the link between Capital Product Partners LP (NASDAQ:CPLP)’s fundamentals and stock market performance. … Capital Product Partners LP (NASDAQ:CPLP) is currently trading at a trailing P/E of 19.3x, which is higher than the industry average of 13.4x. … While CPLP might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Is Capital Product Partners LP's (NASDAQ:CPLP) Stock Available For A Good Price After Accounting For Growth?

Looking at Capital Product Partners LP’s (NASDAQ:CPLP) fundamentals some investors are wondering if its last closing price of $3.08 represents a good value for money for this high growth stock. … Check out our latest analysis for Capital Product Partners? … One reason why investors are attracted to CPLP is the high growth potential in the near future

Simply Wall St -

Only 3 Days Left Before Capital Product Partners LP. (NASDAQ:CPLP) Will Start Trading Ex-Dividend, Should Investors Buy?

See our latest analysis for Capital Product Partners 5 questions to ask before buying a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend-paying companies? … NasdaqGS:CPLP Historical Dividend Yield Apr 27th 18 Does Capital Product Partners pass our checks? … Not only have dividend payouts from Capital Product Partners fallen over the past 10 years, it has also been highly volatile during this time, with drops of over 25% in some years.

Simply Wall St -

Is Capital Product Partners LP's (NASDAQ:CPLP) PE Ratio A Signal To Buy For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for CPLP Price per share = $3.44 Earnings per share = $0.274 ∴ Price-Earnings Ratio = $3.44 ÷ $0.274 = 12.6x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you inadvertently compared lower risk firms with CPLP, then investors would naturally value CPLP at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with CPLP, investors would also value CPLP at a lower price since it is a lower growth investment.

Simply Wall St -

Is Capital Product Partners LP (CPLP) A Financially Sound Company?

On top of this, CPLP has produced $155M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 0.26x, indicating that CPLP’s operating cash is not sufficient to cover its debt. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue. … CPLP's large debt ratio along with low cash coverage of debt in addition to low liquidity coverage of short-term expenses may scare some investors away intially.

Simply Wall St -

Capital Product Partners LP (CPLP): What Does The Future Look Like?

This illustrates a relatively optimistic outlook in the near term, with a relatively solid earnings per share growth rate of 36.49% over the next few years. … However, CPLP’s earnings growth in the past couple of years has been negative at -18.78%. … Although its past performance is not supportive of a positive growth trend, it could also mean CPLP is growing off a lower base, meaning a higher growth rate is easier to achieve.

Simply Wall St -

CPLP Company Info

Description

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 31, 2018, the company had a fleet of 36 vessels, which consisted of 3 Suezmax crude oil tankers, 21 medium range tankers, 10 post-panamax container vessels, 1 capesize bulk carrier, and 1 aframax crude-oil tanker. 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.

Details
Name: Capital Product Partners L.P.
CPLP
Exchange: NasdaqGS
Founded: 2007
$187,860,434
$188,506,897
18,526,670
Website: http://www.capitalpplp.com
Address: Capital Product Partners L.P.
Capital Building,
3, Iassonos Street,
Piraeus,
18537,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CPLP Common Units Nasdaq Global Select US USD 30. Mar 2007
DB 7CP Common Units Deutsche Boerse AG DE EUR 30. Mar 2007
BST 7CPA Common Units Boerse-Stuttgart DE EUR 30. Mar 2007
LSE 0Q4K Common Units London Stock Exchange GB USD 30. Mar 2007
Number of employees
Current staff
Staff numbers
0
Capital Product Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 05:57
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.