OceanPal Inc (OP) AI Stock Analysis

• Market Cap: $10.21M
• Dividend Yield: N/A
• Average Volume (3M): 7.02M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.42
• Revenue Growth: 35.58%
• EPS Growth: -64.92%
• Country: US
• Employees: 87
• Sector: Industrials
• Sector Strength: 91
• Industry: Marine Shipping
• EPS (TTM): -2.64
• Shares Outstanding: 7,504,982
• 10 Day Avg. Volume: 1,795,701
• 30 Day Avg. Volume: 7,022,103
• PEG Ratio: 0.00
• Price to Book (P/B): 13.21
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 319.85
• Enterprise Value/Market Cap: 45.11
• Enterprise Value/Revenue: 4.88
• Enterprise Value/Gross Profit: 199.49
• Enterprise Value/Ebitda: -19.98
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 46 Neutral
• Price Target: ―

OceanPal Inc's stock score is low primarily due to significant financial challenges, including negative profitability and cash flow issues. The stable debt-free balance sheet is a positive, but technical indicators and valuation metrics provide little support for upward momentum.

Positive Factors

Business Outlook

Strong demand for shipping services supports OceanPal Inc's business outlook.

Financial Performance

OP revenue growth continues to look really strong with an increase of 9.3% for the quarter.

Market Conditions

OceanPal Inc benefits from favorable market conditions in the shipping industry.

Negative Factors

Cost Efficiency

The only bad metric that really stands out was the flattening of the revenue to cost spread that generally has been accelerating.

Operational Costs

OceanPal Inc faces challenges due to fluctuating fuel prices impacting operational costs.

Regulatory Risks

Regulatory changes pose a risk to OceanPal Inc's future profitability.

OceanPal Inc Business Overview & Revenue Model

Company Description

OceanPal Inc. focuses on the provision of ocean-going transportation services. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers. As of November 29, 2021, its fleet consisted of 3 dry bulk vessels, which include 2 Panamax and 1 Capesize vessels. The company is based in Athens, Greece.

How the Company Makes Money

OceanPal Inc generates revenue through the leasing of its dry bulk vessels to customers under time and voyage charters. Time charters involve leasing the vessel for a fixed period at a set daily rate, with the charterer responsible for the vessel's fuel and port charges, while voyage charters are agreements to transport a specific cargo from one port to another for a fixed price per ton. The company's revenue is largely influenced by factors such as charter rates, demand for dry bulk shipping, and global economic conditions. Significant partnerships with commodity producers, traders, and shipping brokers also play a crucial role in ensuring a steady stream of business opportunities and revenue for OceanPal Inc.

OceanPal Inc Financial Statement Overview

Summary

OceanPal Inc's financials show a stable balance sheet with no debt, but significant profitability and cash flow issues. Revenue growth is positive, but large negative margins and liquidity challenges are concerning.

Income Statement

OceanPal Inc's TTM (Trailing-Twelve-Months) income statement reveals significant challenges. The company has a negative net profit margin of -69.5% and a gross profit margin of 9.0%, indicating operational inefficiencies. Revenue growth year-over-year is 35.5%, which is positive; however, EBIT and EBITDA margins are notably negative, at -70.3% and -55.7%, respectively. Overall, the company is struggling with profitability despite some revenue growth, requiring attention to cost management and operational efficiency.

Balance Sheet

The balance sheet shows OceanPal Inc is relatively stable. With no debt, the company’s debt-to-equity ratio is 0, which is a positive sign of financial stability. The equity ratio is strong at 94.3%, reflecting a solid capital structure. However, the return on equity is negative due to the net loss, which is a concern. The lack of leverage provides a cushion against financial distress, though the challenge is turning equity into profit.

Cash Flow

Cash flow analysis for OceanPal Inc highlights significant issues. There is a negative free cash flow of -$22.4 million, and the free cash flow has deteriorated compared to the previous year. The operating cash flow to net income ratio is not meaningful due to the negative figures, indicating cash flow problems. Overall, the company faces liquidity challenges, with a need for improved cash generation from operations.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	25.70M	18.96M	19.09M	1.33M	9.41M
Gross Profit	2.31M	5.54M	8.53M	926.00K	-65.10K
EBITDA	-10.55M	-1.07M	4.57M	488.00K	-1.64M
Net Income	-17.86M	-1.98M	-326.00K	134.00K	-3.80M
Balance Sheet
Total Assets	89.46M	94.84M	79.02M	49.08M	37.19M
Cash, Cash Equivalents and Short-Term Investments	7.16M	14.84M	8.45M	1.67M	39.64K
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	5.09M	2.29M	2.46M	931.00K	1.89M
Stockholders Equity	84.37M	92.56M	76.56M	48.15M	35.30M
Cash Flow
Free Cash Flow	-22.44M	-3.55M	-3.58M	673.00K	-4.20M
Operating Cash Flow	-3.53M	815.00K	1.51M	715.00K	-2.72M
Investing Cash Flow	-2.52M	-6.01M	-5.09M	-42.00K	-1.47M
Financing Cash Flow	-1.64M	11.58M	10.36M	1.00M	4.24M

OceanPal Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.36
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OP, the sentiment is Positive. The current price of 1.36 is below the 20-day moving average (MA) of 1.72, above the 50-day MA of 1.13, and above the 200-day MA of 1.20, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 48.71 is Neutral, neither overbought nor oversold. The STOCH value of 14.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OP.

OceanPal Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CISS	73 Outperform	$2.62M	0.08	1.43%	―	47.17%	-97.95%
PSHG	71 Outperform	$23.37M	1.22	22.49%	―	-15.10%	-9.38%
CTRM	63 Neutral	$23.09M	2.64	3.07%	―	-32.07%	-9.50%
Sector *	58 Neutral	HK$14.16B	4.43	-3.01%	7.12%	3.67%	-54.16%
USEA	48 Neutral	$14.21M	―	-10.92%	2.48%	-2.85%	-280.26%
GLBS	47 Neutral	$23.67M	61.24	-0.43%	―	17.92%	-131.47%
OP	46 Neutral	$10.21M	―	-20.19%	―	35.58%	-64.92%