Castor Maritime (CTRM) AI Stock Analysis

• Market Cap: $20.58M
• Dividend Yield: N/A
• Average Volume (3M): 29.77K
• Price to Earnings (P/E): 2.3
• Beta (1Y): 0.15
• Revenue Growth: -29.15%
• EPS Growth: -118.42%
• Country: US
• Employees: 1
• Sector: Industrials
• Sector Strength: 80
• Industry: Marine Shipping
• EPS (TTM): N/A
• Shares Outstanding: 9,662,354
• 10 Day Avg. Volume: 28,058
• 30 Day Avg. Volume: 29,770
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: -1.63
• Enterprise Value/Revenue: -0.44
• Enterprise Value/Gross Profit: -1.27
• Enterprise Value/Ebitda: -0.36
• 1Y Price Target: $2.00
• Price Target Upside: -6.10% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: $2.00 ▼(-6.10% Downside)

Castor Maritime's overall stock score reflects a combination of financial stability due to a strong balance sheet and low leverage, but is weighed down by declining revenue, profitability challenges, and negative valuation metrics. Technical indicators suggest a neutral to slightly bearish trend, further impacting the score.

Castor Maritime Business Overview & Revenue Model

Company Description

Castor Maritime Inc. is a global shipping company based in Cyprus, primarily engaged in the transportation of bulk commodities and crude oil. The company operates a fleet of modern vessels, including dry bulk carriers and tankers, catering to a diverse range of shipping needs across various sectors such as agriculture, energy, and raw materials. Through its commitment to operational efficiency and safety, Castor Maritime aims to provide reliable shipping solutions to its clients worldwide.

How the Company Makes Money

Castor Maritime generates revenue primarily through the chartering of its vessels. The company earns income by either time charters or spot charters, depending on market demand and shipping rates. Time charters provide a steady revenue stream over a specified period, while spot charters capitalize on fluctuating market rates for immediate shipping needs. Additionally, the company may benefit from long-term contracts with established clients, which can offer more predictable revenue. The effectiveness of Castor Maritime's revenue model is influenced by global shipping demand, freight rates, and operational efficiency. Strategic partnerships with chartering companies and freight brokers also enhance its market reach and contribute to earnings.

Castor Maritime Financial Statement Overview

Summary

Castor Maritime's financial performance is mixed, with a strong balance sheet characterized by low leverage and high equity, providing stability. However, declining revenue and net profit margins, alongside cash flow challenges, indicate potential operational difficulties. The firm needs to address revenue growth and cash management to improve its financial health.

Income Statement

Castor Maritime's income statement reflects a significant revenue decrease over recent years, with a revenue growth rate of -32.1% from 2023 to 2024. The gross profit margin stands at 29.66% for 2024, indicating reasonable cost management. However, the net profit margin decreased to 22.07% in 2024 from 39.63% in 2023, reflecting declining profitability. While EBIT and EBITDA margins remain robust at 32.34% and 52.11% respectively, the overall trajectory suggests potential challenges in maintaining revenue levels.

Balance Sheet

The balance sheet shows a strong equity position with a debt-to-equity ratio of 0.20 in 2024, indicating low leverage. The company maintains a solid equity ratio of 71.52%, highlighting financial stability. Return on equity has decreased to 2.57% in 2024, reflecting lower profitability, though the company still benefits from substantial equity backing. This stability provides a buffer against industry fluctuations.

Cash Flow

Cash flow analysis reveals a decrease in free cash flow from 2023 to 2024, with a growth rate of -172%. The operating cash flow to net income ratio is 2.87, indicating that operational cash generation remains strong relative to net income. However, the free cash flow to net income ratio is negative, suggesting challenges in capital expenditure management. These metrics reflect short-term cash flow concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	76.44M	66.24M	97.52M	262.10M	132.05M	12.49M
Gross Profit	26.50M	19.65M	28.47M	140.26M	65.53M	2.55M
EBITDA	93.72M	34.53M	55.71M	90.06M	69.99M	2.36M
Net Income	73.04M	14.62M	38.64M	118.56M	40.50M	-1.75M
Balance Sheet
Total Assets	563.21M	797.38M	605.04M	632.92M	462.91M	74.37M
Cash, Cash Equivalents and Short-Term Investments	233.44M	157.02M	188.47M	142.37M	37.17M	8.93M
Total Debt	1.62M	111.32M	83.39M	151.84M	102.04M	18.19M
Total Liabilities	7.42M	171.91M	94.31M	171.43M	119.98M	21.99M
Stockholders Equity	555.79M	570.13M	461.18M	461.50M	342.93M	52.38M
Cash Flow
Free Cash Flow	11.89M	-30.26M	41.97M	47.35M	-287.87M	-37.82M
Operating Cash Flow	42.57M	41.91M	42.59M	123.75M	60.78M	-2.34M
Investing Cash Flow	139.00M	-133.48M	-9.12M	-63.74M	-348.64M	-35.47M
Financing Cash Flow	-105.04M	59.56M	-64.88M	48.90M	321.82M	42.18M

Castor Maritime Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.13
• 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 2.13 is below the 20-day moving average (MA) of 2.15, below the 50-day MA of 2.22, and below the 200-day MA of 2.53, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 43.60 is Neutral, neither overbought nor oversold. The STOCH value of 33.62 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
PSHG	74 Outperform	$23.50M	0.95	21.39%	―	-7.48%	3.08%
Sector *	64 Neutral	$10.75B	15.73	8.16%	1.99%	2.83%	-14.82%
TOPS	59 Neutral	$25.95M	5.16	3.07%	―	3.83%	―
USEA	56 Neutral	$15.40M	―	-10.32%	7.45%	-7.89%	-186.18%
CTRM	54 Neutral	$20.58M	2.34	-5.58%	―	-29.15%	-118.42%
EDRY	50 Neutral	$30.81M	―	-14.42%	―	-13.96%	-498.96%
GLBS	42 Neutral	$21.41M	61.24	-0.43%	―	17.92%	-131.47%