Capital Clean Energy Carriers (CCEC) AI Stock Analysis

• Market Cap: $2.69B
• Dividend Yield: 2.61%
• Average Volume (3M): 11.76K
• Price to Earnings (P/E): 7.0
• Beta (1Y): 0.28
• Revenue Growth: 8.89%
• EPS Growth: N/A
• Country: US
• Employees: N/A
• Sector: Industrials
• Sector Strength: 87
• Industry: Marine Shipping
• EPS (TTM): 0.55
• Shares Outstanding: 58,717,310
• 10 Day Avg. Volume: 10,695
• 30 Day Avg. Volume: 11,755
• PEG Ratio: 0.10
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.12
• Enterprise Value/Market Cap: 1.37
• Enterprise Value/Revenue: 2.31
• Enterprise Value/Gross Profit: 16.06
• Enterprise Value/Ebitda: 3.28
• 1Y Price Target: $23.50
• Price Target Upside: 2.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 79 Outperform
• Price Target: $24.50 ▲(6.52%Upside)

CCEC's strong financial performance, driven by significant revenue growth and operational efficiency, is a key factor in its positive outlook. The technical analysis suggests continued upward momentum. The low P/E ratio indicates undervaluation, providing potential for price appreciation. The earnings call further reinforced a positive outlook, despite some market challenges. Overall, CCEC is well-positioned for future growth, but must manage leverage and cash flow effectively.

Positive Factors

EBITDA growth

The accretion from new LNG carriers is set to be the primary driver behind the 37% EBITDA growth forecast.

Fleet expansion

CCEC's fleet evolution is expected to lead to material cash flow acceleration, driving a more robust capital return pace.

Negative Factors

Debt levels

CCEC's total debt to capital ratio is projected to rise to nearly 71% with the delivery of new vessels.

Capital Clean Energy Carriers Business Overview & Revenue Model

Company Description

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals. It serves as the general partner of the company. The company was formerly known as Capital Product Partners L.P. and changed its name to Capital Clean Energy Carriers Corp. in August 2024. Capital Clean Energy Carriers Corp. was incorporated in 2007 and is headquartered in Piraeus, Greece.

How the Company Makes Money

CCEC generates revenue primarily through service contracts with renewable energy producers and distributors who require efficient and sustainable transportation solutions for their products. The company charges fees based on the volume and distance of transportation, with additional charges for specialized handling of certain energy resources. CCEC also partners with government agencies and private entities to develop infrastructure for clean energy logistics, securing funding and subsidies that contribute to its revenue. Strategic alliances with vehicle manufacturers and technology providers further enhance its service offerings and financial performance.

Capital Clean Energy Carriers Financial Statement Overview

Summary

Capital Clean Energy Carriers demonstrates strong revenue and income growth with effective cost management. The balance sheet shows a solid equity foundation, but rising debt levels require attention. Cash flow management is challenging due to negative free cash flow from high capital expenditures, necessitating a balance between growth investments and financial stability.

Income Statement

Capital Clean Energy Carriers has shown impressive revenue growth from $122.8 million in 2019 to $369.4 million in 2024, representing a consistent upward trajectory. The gross profit margin has improved significantly over the years, reaching 56.3% in 2024, indicating good cost management. Net profit margins have also improved, with net income rising from $24.2 million in 2019 to $193.6 million in 2024. The company has maintained strong EBIT and EBITDA margins, highlighting operational efficiency. However, there is a notable increase in expenses, which should be monitored to maintain profitability.

Balance Sheet

The balance sheet reflects a strong equity base with stockholders' equity increasing from $398.2 million in 2019 to $1.24 billion in 2024, indicating a robust financial position. However, the debt-to-equity ratio has increased due to higher debt levels, raising potential leverage concerns. The return on equity has improved, showcasing efficient use of equity. The equity ratio has remained stable, demonstrating a solid capital structure. Nonetheless, the increased debt levels could pose a risk if not managed properly.

Cash Flow

The company has faced challenges with free cash flow, which turned negative in recent years due to high capital expenditures, particularly in 2024. Although operating cash flow has grown, indicating strong cash generation from operations, the company needs to address the high capital outlay to improve free cash flow. The operating cash flow to net income ratio remains strong, suggesting good cash conversion from earnings, but the free cash flow to net income ratio is concerning and needs improvement.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	369.41M	360.59M	299.07M	184.66M	140.87M
Gross Profit	207.81M	175.78M	146.10M	79.91M	54.44M
EBITDA	296.46M	237.16M	216.70M	125.47M	100.34M
Net Income	192.08M	46.53M	125.42M	98.18M	30.37M
Balance Sheet
Total Assets	4.11B	3.14B	2.00B	1.89B	822.20M
Cash, Cash Equivalents and Short-Term Investments	313.99M	192.42M	144.63M	20.37M	47.34M
Total Debt	2.58B	1.78B	1.29B	1.31B	374.32M
Total Liabilities	2.77B	1.97B	1.36B	1.36B	400.12M
Stockholders Equity	1.24B	1.16B	626.01M	515.00M	413.26M
Cash Flow
Free Cash Flow	-960.68M	-282.10M	26.99M	-263.06M	-109.33M
Operating Cash Flow	240.52M	185.53M	168.22M	105.03M	75.92M
Investing Cash Flow	-753.14M	-447.09M	-14.11M	-175.06M	-185.25M
Financing Cash Flow	644.99M	307.01M	-30.74M	46.68M	100.20M

Capital Clean Energy Carriers Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CCEC, the sentiment is Positive. The current price of 23 is above the 20-day moving average (MA) of 22.50, above the 50-day MA of 21.12, and above the 200-day MA of 19.05, indicating a bullish trend. The MACD of 0.56 indicates Negative momentum. The RSI at 55.55 is Neutral, neither overbought nor oversold. The STOCH value of 78.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CCEC.

Capital Clean Energy Carriers Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CCEC	79 Outperform	$2.69B	6.97	7.74%	2.61%	8.89%	―
NMM	78 Outperform	$1.10B	3.44	11.19%	0.53%	0.28%	-17.08%
CMRE	75 Outperform	$1.11B	3.79	12.57%	4.98%	17.77%	-5.90%
DAC	71 Outperform	$1.60B	3.59	14.14%	3.89%	4.93%	-17.08%
Sector *	71 Outperform	¥255.65B	12.95	8.49%	3.09%	6.31%	12.94%
SFL	68 Neutral	$1.23B	20.41	5.09%	12.77%	6.68%	-57.55%
GOGL	68 Neutral	$1.49B	13.16	6.06%	2.67%	-7.73%	-39.13%