Icon Energy Corp. (ICON) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 122.43K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.07
• 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: 81,925
• 30 Day Avg. Volume: 122,431
• PEG Ratio: 0.02
• Price to Book (P/B): 0.20
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.24
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: 2.10
• Enterprise Value/Gross Profit: -191.15
• Enterprise Value/Ebitda: 17.98
• 1Y Price Target: $4.50
• Price Target Upside: 167.86% 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

Company Expansion

ICON plans to use cash and debt to fund the acquisition of its third ship, indicating expansion efforts.

Market Demand

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

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.

Financial Performance

Lower revenue and higher expenses led to a 4Q24 EBITDA of $0.3M, which was below expectations.

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
	EBIT
170.00K	1.10M	4.22M	3.31M	-30.78M
	EBITDA
1.88M	2.19M	5.29M	3.86M	-24.94M
	Net Income Common Stockholders
-210.00K	1.16M	4.24M	3.32M	-101.92M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
946.00K	2.70M	3.55M	2.42M	65.54M
	Total Assets
28.80M	12.88M	14.60M	14.57M	372.92M
	Total Debt
15.93M	0.00	0.00	0.00	56.87M
	Net Debt
14.98M	-2.70M	-3.55M	-2.42M	7.07M
	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: Negative
• Last Price: 1.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ICON, the sentiment is Negative. The current price of 1.68 is below the 20-day moving average (MA) of 1.82, below the 50-day MA of 2.30, and below the 200-day MA of 50.14, indicating a bearish trend. The MACD of -0.35 indicates Negative momentum. The RSI at 30.47 is Neutral, neither overbought nor oversold. The STOCH value of 13.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ICON.

Icon Energy Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MXC	63 Neutral	$14.02M	10.79	7.57%	―	2.12%	-30.63%
Sector *	57 Neutral	$7.06B	3.07	-3.45%	5.82%	0.59%	-50.58%
ICON	47 Neutral		―	12.60%	―	―	―
BATL	46 Neutral	$21.88M	―	36.17%	―	-6.23%	45.67%