Critical Contrast: Capital Product Partners L.P. (CPLP) vs. Its Competitors
Capital Product Partners L.P. (NASDAQ: CPLP) is one of 27 publicly-traded companies in the “Deep Sea Freight” industry, but how does it contrast to its rivals? We will compare Capital Product Partners L.P. to similar companies based on the strength of its profitability, risk, earnings, valuation, dividends, analyst recommendations and institutional ownership.
Capital Product Partners L.P. pays an annual dividend of $0.32 per share and has a dividend yield of 9.4%. Capital Product Partners L.P. pays out 114.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Deep Sea Freight” companies pay a dividend yield of 6.0% and pay out 0.0% of their earnings in the form of a dividend.
This is a breakdown of recent ratings and price targets for Capital Product Partners L.P. and its rivals, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Capital Product Partners L.P.||0||0||3||0||3.00|
|Capital Product Partners L.P. Competitors||144||476||592||5||2.38|
Capital Product Partners L.P. currently has a consensus target price of $5.00, suggesting a potential upside of 46.20%. As a group, “Deep Sea Freight” companies have a potential upside of 26.62%. Given Capital Product Partners L.P.’s stronger consensus rating and higher possible upside, equities analysts clearly believe Capital Product Partners L.P. is more favorable than its rivals.
Volatility and Risk
Capital Product Partners L.P. has a beta of 1.63, meaning that its share price is 63% more volatile than the S&P 500. Comparatively, Capital Product Partners L.P.’s rivals have a beta of 2.04, meaning that their average share price is 104% more volatile than the S&P 500.
Insider & Institutional Ownership
18.2% of Capital Product Partners L.P. shares are held by institutional investors. Comparatively, 56.2% of shares of all “Deep Sea Freight” companies are held by institutional investors. 4.1% of shares of all “Deep Sea Freight” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
This table compares Capital Product Partners L.P. and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Capital Product Partners L.P.||17.17%||4.76%||2.67%|
|Capital Product Partners L.P. Competitors||-87.78%||-15.41%||-5.32%|
Valuation & Earnings
This table compares Capital Product Partners L.P. and its rivals revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Capital Product Partners L.P.||N/A||N/A||12.21|
|Capital Product Partners L.P. Competitors||$223.90 million||$92.85 million||-2.56|
Capital Product Partners L.P.’s rivals have higher revenue and earnings than Capital Product Partners L.P.. Capital Product Partners L.P. is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Capital Product Partners L.P. beats its rivals on 7 of the 13 factors compared.
About Capital Product Partners L.P.
Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. The Company’s fleet consisted of 36 high specification vessels with an average age of approximately 7.4 years, as of December 31, 2016. As of December 31, 2016, its fleet consisted of four Suezmax crude oil tankers, 21 medium range product tankers, 10 post-panamax container carrier vessels and one Capesize bulk carrier. The Company’s vessels are capable of carrying a range of cargoes, including crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, edible oils and certain chemicals, such as ethanol, as well as dry cargo and containerized goods. Its fleet consists of product tankers, such as Aktoras, Aiolos, Agisilaos, Akeraios and Apostolos; crude tankers, such as Amoureux, Aias, Amore Mio II and Miltiadis M II; drybulk vessels, such as Cape Agamemnon, and container carrier vessels, such as Archimidis, Agamemnon and Hyundai Platinum.
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