Icon Energy Corp. (ICON) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 4.83%
• Average Volume (3M): 2.29M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.04
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 101
• Sector: Energy
• Sector Strength: 42
• Industry: Marine Shipping
• EPS (TTM): N/A
• Shares Outstanding: 2,185,230
• 10 Day Avg. Volume: 312,016
• 30 Day Avg. Volume: 2,286,511
• PEG Ratio: <0.01
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: 1.24
• Enterprise Value/Gross Profit: -90.45
• Enterprise Value/Ebitda: -12.47
• 1Y Price Target: $4.50
• Price Target Upside: 55.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 47 Neutral
• Price Target: ―

Icon Energy Corp. is currently experiencing significant financial and market challenges. The financial performance is weak, with declining revenues, increasing debt, and cash flow issues. Technical analysis indicates negative market sentiment and bearish trends. Valuation is difficult to assess, but the low stock price suggests potential undervaluation. Overall, the stock score reflects the need for strategic actions to address financial instability and improve future performance.

Positive Factors

Expansion

ICON has announced the acquisition of its third ship, which may contribute to future revenue growth.

Market Demand

Persistent demand from China for dry bulk imports and military conflicts potentially lead to higher shipping rates, benefiting ICON.

Revenue

The company's 1Q25 time charter equivalent (TCE) rate and revenue slightly exceeded forecasts.

Negative Factors

Dividend Reduction

ICON is anticipated to reduce its next quarterly dividend significantly, with a forecasted forward 12-month dividend representing a high yield.

EPS Losses

Wider EPS losses are anticipated, leading to a reduced book value per share forecast for the future.

Operating Costs

Higher operating costs were reported compared to estimates.

Icon Energy Corp. Business Overview & Revenue Model

Company Description

Icon Energy Corp. operates as an international shipping company. The Company focuses on acquiring, owning, chartering, and operating dry bulk vessels, as well as offers sea-borne transportation services for dry bulk cargo, including iron ore, coal, grains and bauxite, steel, sugar, fertilizers, cement, and scrap metal.

How the Company Makes Money

Icon Energy Corp. Financial Statement Overview

Summary

Icon Energy Corp. is facing financial challenges with declining revenues and profitability, as well as increased leverage and cash management issues. The income statement, balance sheet, and cash flow statement all highlight areas of concern that require strategic intervention.

Income Statement

Icon Energy Corp. has faced significant challenges in its income statement, indicated by a negative net income for the latest year. The gross profit margin is relatively low at approximately 27.6% for 2024, a decline from the previous year. Revenue has decreased significantly by around 26.3% from 2022 to 2023, followed by a slight increase in 2024. The EBIT and EBITDA margins have also seen substantial declines, reflecting operational difficulties and reduced profitability.

Balance Sheet

The balance sheet shows a substantial increase in total debt in 2024, resulting in a higher debt-to-equity ratio. The equity ratio has declined to approximately 40.8%, indicating reduced financial stability. The return on equity is negative due to negative net income, highlighting profitability issues. A significant drop in stockholders' equity further adds to the concerns regarding financial health.

Cash Flow

The company's cash flow statement highlights a challenging year with negative free cash flow in 2024. The operating cash flow to net income ratio is unfavorable due to negative net income, but operating cash flow remains positive, demonstrating some operational cash generation. However, the significant capital expenditures and resultant negative free cash flow indicate cash management issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.31M	4.48M	7.24M	5.96M	0.00
Gross Profit	1.47M	3.28M	5.93M	5.11M	0.00
EBITDA	1.88M	2.19M	5.29M	3.86M	-24.94M
Net Income	-210.00K	1.16M	4.24M	3.32M	-101.92M
Balance Sheet
Total Assets	28.80M	12.88M	14.60M	14.57M	372.92M
Cash, Cash Equivalents and Short-Term Investments	946.00K	2.70M	3.55M	2.42M	65.54M
Total Debt	15.93M	0.00	0.00	0.00	56.87M
Total Liabilities	17.05M	3.71M	276.00K	1.85M	637.00M
Stockholders Equity	11.75M	9.17M	14.32M	12.72M	-224.27M
Cash Flow
Free Cash Flow	-17.16M	2.48M	3.76M	3.59M	19.82M
Operating Cash Flow	864.00K	2.50M	3.99M	4.08M	20.42M
Investing Cash Flow	-18.02M	-22.00K	-225.00K	-491.00K	77.14M
Financing Cash Flow	15.90M	-3.33M	-2.64M	-1.17M	-110.34M

Icon Energy Corp. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ICON, the sentiment is Neutral. The current price of 2.9 is above the 20-day moving average (MA) of 2.46, above the 50-day MA of 2.08, and below the 200-day MA of 35.21, indicating a neutral trend. The MACD of 0.20 indicates Negative momentum. The RSI at 64.46 is Neutral, neither overbought nor oversold. The STOCH value of 81.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ICON.

Icon Energy Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MXC	75 Outperform	$16.04M	9.71	9.42%	1.27%	11.40%	30.87%
Sector *	52 Neutral	C$2.94B	-1.05	-3.46%	5.87%	3.01%	-47.13%
ICON	47 Neutral		―	12.60%	4.83%	―	―
BATL	41 Neutral	$22.05M	―	36.17%	―	-6.23%	45.67%