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Castor Maritime Inc (CTRM)
NASDAQ:CTRM
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Castor Maritime
(NASDAQ:CTRM)
63Neutral
Castor Maritime (CTRM) vs. S&P 500 (SPY)
Market Cap
$22.27M
Dividend YieldN/A
Average Volume (3M)48.30K
Price to Earnings (P/E)2.4
Beta (1Y)0.27
Revenue Growth-45.58%
EPS Growth45.06%
CountryUS
Employees1
SectorIndustrials
Sector Strength91
IndustryMarine Shipping
Share Statistics
EPS (TTM)N/A
Shares Outstanding9,662,354
10 Day Avg. Volume60,833
30 Day Avg. Volume48,300
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.04
Price to Sales (P/S)0.00
P/FCF Ratio1.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Castor Maritime Business Overview & Revenue Model
Company DescriptionCastor 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 MoneyCastor 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.65
Positive
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.75
Positive
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.70
Positive
| 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
Negative
2.19
Price Trends
2.29
Negative
2.48
Negative
3.26
Negative
Market Momentum
0.02
Negative
45.24
Neutral
38.10
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 2.19 is below the 20-day moving average (MA) of 2.24, below the 50-day MA of 2.29, and below the 200-day MA of 3.26, indicating a bearish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 45.24 is Neutral, neither overbought nor oversold. The STOCH value of 38.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CTRM.
Castor Maritime Risk Analysis
Castor Maritime disclosed 51 risk factors in its most recent earnings report. Castor Maritime reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Castor Maritime Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.05B | 3.61 | 12.57% | 5.25% | 17.77% | -5.90% | |
78 Outperform | $1.62B | 3.56 | 14.14% | 3.80% | 4.93% | -17.08% | |
76 Outperform | $1.90B | 8.21 | 11.09% | 13.18% | 25.60% | -9.32% | |
72 Outperform | $602.72M | 13.45 | 5.02% | 10.41% | -7.38% | 1295.53% | |
71 Outperform | $3.86B | 7.79 | 20.48% | 1.13% | 11.88% | 80.21% | |
64 Neutral | $4.44B | 11.99 | 5.16% | 249.23% | 4.01% | -11.87% | |
63 Neutral | $22.27M | 2.42 | 3.07% | ― | -45.58% | 45.06% |
* Industrials Sector Average
Performance Comparison
CTRM
Castor Maritime
2.19
-1.73
-44.13%
CMRE
Costamare
8.61
-1.91
-18.16%
DAC
Danaos
85.08
2.02
2.43%
GNK
Genco Shipping
13.95
-6.80
-32.77%
SBLK
Star Bulk Carriers
16.48
-6.58
-28.53%
MATX
Matson
115.66
-2.47
-2.09%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.