CPLP Stock Intrinsic Value – Capital Product Partners Delivers LNG Carrier ‘Axios II’ to Successful Completion
January 5, 2024
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Capital Product Partners ($NASDAQ:CPLP) L.P (CPP) is a publicly-traded master limited partnership listed on the NASDAQ Global Select Market. The company specializes in owning and operating modern and fuel-efficient vessels in the tanker, container, and drybulk sectors. CPP has announced the successful delivery of the LNG carrier ‘Axios II’, which was built by China Shipbuilding Trading Co. Ltd. The delivery of ‘Axios II’ now allows CPP to further capitalize on the global demand for LNG as an energy source.
The delivery of ‘Axios II’ marks a significant milestone for CPP as it continues to expand its fleet of specialized vessels. With the successful delivery of ‘Axios II’, CPP is now well positioned to meet the increasing demand for LNG carriers over the coming years.
Market Price
On Thursday, CAPITAL PRODUCT PARTNERS L.P saw a 2.9% increase in their stock, opening at $15.1 and closing at $15.5. This positive development was due to the successful completion of its new liquefied natural gas (LNG) carrier, the ‘Axios II’. The vessel is the latest addition to the fleet of CAPITAL PRODUCT PARTNERS and will be used to transport LNG in bulk from ports around the world. The LNG is transported after undergoing a specialized liquefaction process at CAPITAL PRODUCT PARTNERS’s terminals.
This investment in new infrastructure is believed to further strengthen the company’s presence in this growing industry. The ‘Axios II’ is the latest evidence of CAPITAL PRODUCT PARTNERS’s commitment to expanding their operations while meeting the highest safety, environmental, and quality standards. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CPLP. More…
| Total Revenues | Net Income | Net Margin |
| 344.97 | 58.81 | 17.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CPLP. More…
| Operations | Investing | Financing |
| 165.88 | -573.35 | 368.36 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CPLP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.45k | 1.79k | 33.3 |
Key Ratios Snapshot
Some of the financial key ratios for CPLP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 37.2% | 50.0% | 43.8% |
| FCF Margin | ROE | ROA |
| -118.8% | 14.4% | 3.9% |
Analysis – CPLP Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of CAPITAL PRODUCT PARTNERS L.P’s wellbeing. By utilizing our proprietary Valuation Line, we have been able to determine that the fair value of CAPITAL PRODUCT PARTNERS L.P share is around $7.2. Currently, the stock is traded at $15.5, representing an overvaluation of 114.3%. More…
Peers
The Partnership is engaged in the business of owning and operating double-hulled tanker vessels. The Partnership’s vessels transport crude oil and refined petroleum products throughout the world. The Partnership’s competitors in the double-hulled tanker vessel segment include Pyxis Tankers Inc, d’Amico International Shipping SA, and PT Buana Listya Tama Tbk.
– Pyxis Tankers Inc ($NASDAQ:PXS)
Pyxis Tankers Inc is a provider of seaborne transportation of crude oil and petroleum products. The company owns, operates, and manages a fleet of double-hull Aframax class tankers. Pyxis Tankers Inc’s fleet consists of 10 crude oil tankers with a capacity of approximately 1 million barrels each. The company has offices in New York, USA, and Athens, Greece.
– d’Amico International Shipping SA ($OTCPK:DMCOF)
D’Amico International Shipping SA is a Greek shipping company that focuses on the transportation of crude oil and refined petroleum products. The company’s market cap as of 2022 is 334.36M, and its ROE is 4.9%. D’Amico International Shipping SA was founded in 1972 and is headquartered in Athens, Greece.
– PT Buana Listya Tama Tbk ($IDX:BULL)
PT Buana Listya Tama Tbk is an Indonesian conglomerate with a focus on the shipping and logistics industry. The company has a market cap of 2.47 trillion as of 2022 and a return on equity of -126.97%. PT Buana Listya Tama Tbk is a publicly traded company on the Indonesia Stock Exchange. The company’s main businesses are shipping, logistics, and port management.
Summary
Capital Product Partners L.P (CPP) is a publicly traded master limited partnership that focuses on investing in vessels, primarily container ships and tanker vessels. The company recently reported the delivery of their second Liquefied Natural Gas (LNG) carrier, the ‘Axios II’. This is an important milestone in CPP’s strategic growth plan as the demand for LNG carriers increases. CPP’s executive team believes that the delivery of the Axios II will help to strengthen their portfolio and deliver strong returns to shareholders.
CPP is now in a strong position to take advantage of the growing LNG market and expand their business operations. With a strong portfolio of vessels and a well-diversified set of investments, CPP is well positioned to capitalize on the rising demand for LNG carriers and other related opportunities.
