Castor Maritime (CTRM) AI Stock Analysis

• Market Cap: $20.77M
• Dividend Yield: N/A
• Average Volume (3M): 66.55K
• Price to Earnings (P/E): 0.7
• Beta (1Y): 0.23
• Revenue Growth: -45.58%
• EPS Growth: 45.06%
• Country: US
• Employees: 1
• Sector: Industrials
• Sector Strength: 67
• Industry: Marine Shipping
• EPS (TTM): 3.19
• Shares Outstanding: 9,662,354
• 10 Day Avg. Volume: 53,762
• 30 Day Avg. Volume: 66,545
• PEG Ratio: 0.01
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.25
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Castor Maritime's strong financials and low valuation offer potential upside, but negative technical indicators and lack of earnings call updates contribute to a cautious outlook. Reversing revenue and cash flow declines will be crucial for future performance.

Castor Maritime Business Overview & Revenue Model

Company Description

Castor Maritime Inc. (CTRM) is a global shipping company specializing in the seaborne transportation of dry bulk commodities. The company operates a diversified fleet of vessels, including Panamax, Kamsarmax, and Aframax tankers, which are used to transport major bulk goods such as iron ore, coal, grains, and oil products across international waters. Castor Maritime's operations are primarily focused on providing reliable and efficient shipping services to its clients worldwide.

How the Company Makes Money

Castor Maritime makes money through the chartering of its vessels to customers in need of shipping services. The company's revenue model primarily revolves around time charter agreements, where vessels are leased out for a specified period at a fixed daily rate, and spot market charters, where vessels are hired for single voyages. These agreements provide a steady stream of income, allowing Castor Maritime to capitalize on market demand fluctuations. Additionally, the company may engage in strategic partnerships or joint ventures to expand its market presence and optimize fleet utilization. Factors such as global shipping demand, fuel prices, and regulatory changes in maritime transportation can significantly impact the company's earnings.

Castor Maritime Financial Statement Overview

Summary

Castor Maritime exhibits a strong financial position with high profitability and low leverage. However, the recent decline in revenue and free cash flow growth might pose challenges. The company should focus on reversing these trends to maintain its financial health.

Income Statement

Castor Maritime's income statement shows a declining revenue trend from 2022 to TTM 2024 after a peak in 2022. Despite this, the company managed to achieve a strong net profit margin of 95.5% in TTM 2024. Gross profit margin is robust at 34.7%, indicating good cost control. However, revenue growth has been negative recently, which could be a concern if it continues.

Balance Sheet

The balance sheet of Castor Maritime is strong, with a very low debt-to-equity ratio of 0.003 in TTM 2024, indicating minimal leverage and financial risk. The equity ratio is high at 98.7%, reflecting a solid equity base. The return on equity is also quite high at 13.1%, suggesting efficient use of shareholders' funds. Overall, the financial stability is commendable, though declining total assets could be a concern.

Cash Flow

The cash flow statement reveals healthy operating cash flow in TTM 2024 with a strong operating cash flow to net income ratio of 0.58. Free cash flow to net income is positive, reflecting good cash generation. However, the free cash flow growth rate has been negative recently, which could impact future liquidity if not addressed.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
76.44M	97.52M	262.10M	132.05M	12.49M	5.97M
	Gross Profit
26.50M	28.47M	140.26M	65.53M	2.55M	2.01M
	EBIT
27.88M	22.01M	126.78M	55.52M	-671.65K	381.55K
	EBITDA
93.97M	55.71M	90.06M	69.99M	2.36M	2.21M
	Net Income Common Stockholders
73.04M	38.64M	118.56M	40.50M	-1.75M	1.80M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
836.47K	188.47M	142.37M	37.17M	8.93M	4.56M
	Total Assets
0.00	605.04M	632.92M	462.91M	74.37M	30.42M
	Total Debt
0.00	83.39M	151.84M	102.04M	18.19M	15.76M
	Net Debt
836.47K	-27.99M	9.47M	64.87M	9.26M	11.20M
	Total Liabilities
0.00	94.31M	171.43M	119.98M	21.99M	17.22M
	Stockholders Equity
8.49M	461.18M	461.50M	342.93M	52.38M	13.20M
Cash Flow		Free Cash Flow
11.89M	41.97M	47.35M	-287.87M	-37.82M	-14.92M
	Operating Cash Flow
42.57M	42.59M	123.75M	60.78M	-2.34M	2.31M
	Investing Cash Flow
139.00M	-9.12M	-63.74M	-348.64M	-35.47M	-17.23M
	Financing Cash Flow
-105.04M	-64.88M	48.90M	321.82M	42.18M	18.09M

Castor Maritime Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CTRM, the sentiment is Negative. The current price of 2.15 is below the 20-day moving average (MA) of 2.27, below the 50-day MA of 2.44, and below the 200-day MA of 3.54, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 40.33 is Neutral, neither overbought nor oversold. The STOCH value of 61.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CTRM.

Castor Maritime Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DAC	77 Outperform	$1.43B	2.94	15.68%	4.30%	6.00%	-9.89%
MATX	74 Outperform	$3.23B	7.06	18.86%	1.36%	10.57%	68.82%
SBLK	69 Neutral	$1.62B	4.92	14.71%	15.52%	33.31%	62.94%
GNK	68 Neutral	$541.29M	7.20	8.30%	11.59%	10.21%	―
CMRE	64 Neutral	$1.07B	3.67	13.07%	5.15%	37.10%	-17.36%
CTRM	63 Neutral	$20.77M	0.67	15.48%	―	-45.58%	45.06%
Sector *	62 Neutral	$4.16B	11.30	5.46%	215.76%	4.12%	-8.55%