OceanPal Inc (OP) AI Stock Analysis

• Market Cap: $17.41M
• Dividend Yield: N/A
• Average Volume (3M): 4.69M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.08
• Revenue Growth: 35.58%
• EPS Growth: -64.92%
• Country: US
• Employees: 87
• Sector: Industrials
• Sector Strength: 85
• Industry: Marine Shipping
• EPS (TTM): -2.64
• Shares Outstanding: 7,504,982
• 10 Day Avg. Volume: 14,024,501
• 30 Day Avg. Volume: 4,686,129
• 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: 26.44
• 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: 1

• 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

Cost Management

Total expenses per average annual increased only 0.3% for the quarter, indicating a favorable cost environment.

Potential Approval

Hearing TN DPP could get approval soon, which could be beneficial for the company.

Revenue Growth

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

Negative Factors

Profitability Concerns

The flattening of the revenue to cost spread that generally has been accelerating is a concerning metric.

OceanPal Inc Business Overview & Revenue Model

Company Description

OceanPal Inc (OP) is a maritime transportation company primarily engaged in the ownership and operation of dry bulk vessels. The company provides global shipping services for a variety of dry bulk cargoes, including commodities such as grain, coal, and iron ore. OceanPal Inc operates within the maritime logistics sector, focusing on efficient and reliable transport solutions to meet the needs of international trade.

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
	EBIT
-18.05M	-7.72M	-326.00K	134.00K	-3.80M
	EBITDA
-10.55M	-1.07M	4.57M	488.00K	-1.64M
	Net Income Common Stockholders
-17.86M	-1.98M	-326.00K	134.00K	-3.80M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.16M	14.84M	8.45M	1.67M	39.64K
	Total Assets
89.46M	94.84M	79.02M	49.08M	37.19M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-7.16M	-14.84M	-8.45M	-1.67M	-39.64K
	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: 2.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

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 2.9 is above the 20-day moving average (MA) of 1.04, above the 50-day MA of 0.85, and above the 200-day MA of 1.19, indicating a bullish trend. The MACD of 0.35 indicates Negative momentum. The RSI at 71.14 is Negative, neither overbought nor oversold. The STOCH value of 72.02 is Neutral, 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	$3.00M	0.08	1.43%	―	47.17%	-97.95%
PSHG	70 Outperform	$26.23M	1.33	22.49%	―	-15.10%	-9.38%
Sector *	66 Neutral	$4.49B	12.22	5.40%	3.71%	4.17%	-11.97%
CTRM	63 Neutral	$22.51M	2.62	3.07%	―	-45.58%	45.06%
GLBS	52 Neutral	$26.35M	61.24	-0.43%	―	17.92%	-131.47%
USEA	49 Neutral	$14.54M	―	-10.92%	2.67%	-2.85%	-280.26%
OP	46 Neutral	$17.41M	―	-20.19%	―	35.58%	-64.92%