How does ICON's PE Ratio compare to its peers?

ICON is expensive based on its Price-To-Earnings Ratio (7.4x) compared to the peer average (2.4x).

How does ICON's PE Ratio compare vs other companies in the US Shipping Industry?

ICON is expensive based on its Price-To-Earnings Ratio (7.4x) compared to the US Shipping industry average (4.1x).

What is ICON's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate ICON's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of ICON when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ICON ($2.24) is trading below our estimate of [[fair value]] ($36.35)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

ICON Stock Overview

Engages in the ocean transportation of dry bulk cargoes worldwide. More details

ICON fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	1/6
Financial Health	2/6
Dividends	3/6

Rewards

Trading at 93.8% below our estimate of its fair value

Revenue is forecast to grow 91.65% per year

Revenue grew by 5.7% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Does not have a meaningful market cap ($3M)

Volatile share price over the past 3 months compared to the US market

Profit margins (9.1%) are lower than last year (26.5%)

+ 1 more risk

My Notes

Capture your thoughts, links and company narrative

Icon Energy Corp. Competitors

Globus Maritime

NasdaqCM:GLBS

US$24.3m

Castor Maritime

NasdaqCM:CTRM

US$27.8m

Performance Shipping

NasdaqCM:PSHG

US$22.7m

Toro

NasdaqCM:TORO

US$48.5m

Price History & Performance

Summary of share price highs, lows and changes for Icon Energy
Historical stock prices
Current Share Price	US$2.24
52 Week High	US$3.85
52 Week Low	US$1.81
Beta	0
1 Month Change	-21.18%
3 Month Change	2.28%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-39.46%

Recent updates

Shareholder Returns

	ICON	US Shipping	US Market
7D	13.7%	3.1%	0.6%
1Y	n/a	17.0%	23.7%

Return vs Industry: Insufficient data to determine how ICON performed against the US Shipping industry.

Return vs Market: Insufficient data to determine how ICON performed against the US Market.

Price Volatility

Is ICON's price volatile compared to industry and market?
ICON volatility
ICON Average Weekly Movement	11.6%
Shipping Industry Average Movement	4.9%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.5%
10% least volatile stocks in US Market	3.1%

Stable Share Price: ICON's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine ICON's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2023	n/a	Ismini Panagiotidi	www.icon-nrg.com

Icon Energy Corp. engages in the ocean transportation of dry bulk cargoes worldwide. The company was incorporated in 2023 and is based in Athens, Greece. Icon Energy Corp. is a subsidiary of Atlantis Holding Corp.

Icon Energy Corp. Fundamentals Summary

How do Icon Energy's earnings and revenue compare to its market cap?
ICON fundamental statistics
Market cap	US$3.05m
Earnings (TTM)	US$439.00k
Revenue (TTM)	US$4.81m

7.4x

P/E Ratio

0.7x

P/S Ratio

Is ICON overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ICON income statement (TTM)
Revenue	US$4.81m
Cost of Revenue	US$2.68m
Gross Profit	US$2.14m
Other Expenses	US$1.70m
Earnings	US$439.00k

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.30
Gross Margin	44.39%
Net Profit Margin	9.13%
Debt/Equity Ratio	128.2%

How did ICON perform over the long term?

See historical performance and comparison

Dividends

15.2%

Current Dividend Yield

n/a

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 00:31
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Icon Energy Corp. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Tate Sullivan	Maxim Group