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Capital Product Partners

DB:7CP
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7CP
DB
$123M
Imp Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Capital Product Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Capital Product Partners has significant price volatility in the past 3 months.
7CP Share Price and Events
7 Day Returns
-4.6%
DB:7CP
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-38.5%
DB:7CP
34.4%
DE Oil and Gas
-14.2%
DE Market
7CP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Capital Product Partners (7CP) -4.6% -32.9% -50.8% -38.5% -75% -90.7%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • 7CP underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • 7CP underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
7CP
Industry
5yr Volatility vs Market

Value

 Is Capital Product Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Capital Product Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Capital Product Partners.

DB:7CP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 1.4
Payout Ratio Company Filings (2019-12-31) 11109.5%
Discount Rate (Cost of Equity) See below 26.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:7CP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 13.7%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 29%) (209.9%))
1.952
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.952 * 13.68%)
26.31%

Discounted Cash Flow Calculation for DB:7CP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Capital Product Partners is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:7CP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $1.4 / (26.31% - -0.39%)
$3.31
DB:7CP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:7CP represents 0.79411x of NasdaqGS:CPLP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.79411x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 5.24 x 0.79411
€4.16
Value per share (EUR) From above. €4.16
Current discount Discount to share price of €5.93
= -1 x (€5.93 - €4.16) / €4.16
-42.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Capital Product Partners is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Capital Product Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Capital Product Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7CP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.68
NasdaqGS:CPLP Share Price ** NasdaqGS (2020-04-08) in USD $7.47
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Capital Product Partners.

DB:7CP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CPLP Share Price ÷ EPS (both in USD)

= 7.47 ÷ 0.68

11.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Capital Product Partners is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Capital Product Partners is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Capital Product Partners's expected growth come at a high price?
Raw Data
DB:7CP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
38.6%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:7CP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.05x ÷ 38.6%

0.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Capital Product Partners is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Capital Product Partners's assets?
Raw Data
DB:7CP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $21.90
NasdaqGS:CPLP Share Price * NasdaqGS (2020-04-08) in USD $7.47
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:7CP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CPLP Share Price ÷ Book Value per Share (both in USD)

= 7.47 ÷ 21.90

0.34x

* Primary Listing of Capital Product Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Capital Product Partners is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Capital Product Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Capital Product Partners has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Capital Product Partners expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
38.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Capital Product Partners expected to grow at an attractive rate?
  • Capital Product Partners's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Capital Product Partners's earnings growth is expected to exceed the Germany market average.
  • Capital Product Partners's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:7CP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:7CP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 38.6%
DB:7CP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 11.7%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:7CP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7CP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 139 84 31 3
2020-12-31 141 84 29 3
2020-04-08
DB:7CP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 108 54 12
2019-09-30 270 63 21
2019-06-30 275 72 -6
2019-03-31 277 91 -13
2018-12-31 118 98 -18
2018-09-30 269 106 -17
2018-06-30 185 113 12
2018-03-31 254 124 20
2017-12-31 117 127 5
2017-09-30 247 125 34
2017-06-30 245 160 36
2017-03-31 244 162 40

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Capital Product Partners's earnings are expected to grow significantly at over 20% yearly.
  • Capital Product Partners's revenue is expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:7CP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Capital Product Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7CP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.69 1.69 1.69 1.00
2020-12-31 1.55 1.55 1.55 1.00
2020-04-08
DB:7CP Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.68
2019-09-30 1.16
2019-06-30 -0.35
2019-03-31 -0.71
2018-12-31 -1.01
2018-09-30 -0.97
2018-06-30 0.68
2018-03-31 1.11
2017-12-31 0.26
2017-09-30 1.92
2017-06-30 2.05
2017-03-31 2.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Capital Product Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Capital Product Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Capital Product Partners has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Capital Product Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Capital Product Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Capital Product Partners's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Capital Product Partners has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Capital Product Partners has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
Capital Product Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Capital Product Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7CP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 108.37 12.28 5.50
2019-09-30 269.91 20.98 4.68
2019-06-30 275.25 -6.35 4.52
2019-03-31 276.66 -12.87 5.00
2018-12-31 117.60 -18.26 5.71
2018-09-30 268.61 -17.48 6.20
2018-06-30 185.02 12.19 6.45
2018-03-31 254.38 19.87 6.52
2017-12-31 116.67 4.60 6.24
2017-09-30 247.41 33.50 6.05
2017-06-30 245.00 35.55 6.24
2017-03-31 243.84 40.44 6.16
2016-12-31 241.62 40.29 5.99
2016-09-30 238.58 41.85 5.77
2016-06-30 235.90 43.82 6.16
2016-03-31 229.51 43.18 6.04
2015-12-31 220.34 43.19 6.61
2015-09-30 210.70 41.38 6.89
2015-06-30 201.28 38.76 6.60
2015-03-31 194.22 31.48 6.86
2014-12-31 192.78 29.38 6.32
2014-09-30 190.08 16.47 6.14
2014-06-30 184.65 37.27 6.38
2014-03-31 178.98 66.11 8.17
2013-12-31 171.49 78.40 9.48
2013-09-30 162.79 43.31 10.35
2013-06-30 158.00 18.26 10.59

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Capital Product Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Capital Product Partners used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Capital Product Partners has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Capital Product Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Capital Product Partners has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Capital Product Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Capital Product Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Capital Product Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Capital Product Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Capital Product Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Capital Product Partners Company Filings, last reported 3 months ago.

DB:7CP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 406.74 258.99 57.96
2019-09-30 406.05 266.43 58.69
2019-06-30 408.69 273.86 57.56
2019-03-31 406.69 281.28 73.45
2018-12-31 881.31 291.41 21.20
2018-09-30 881.22 453.92 28.81
2018-06-30 916.86 473.23 32.46
2018-03-31 925.75 470.25 40.73
2017-12-31 933.41 454.33 63.30
2017-09-30 936.82 585.03 158.19
2017-06-30 929.78 593.98 138.30
2017-03-31 931.52 598.09 124.38
2016-12-31 927.76 602.19 106.68
2016-09-30 922.85 590.53 105.56
2016-06-30 921.18 594.62 55.25
2016-03-31 918.04 598.84 40.27
2015-12-31 937.82 567.81 90.19
2015-09-30 954.38 572.97 89.77
2015-06-30 972.27 531.71 116.62
2015-03-31 856.90 593.32 146.03
2014-12-31 872.56 574.67 164.20
2014-09-30 886.64 579.27 161.89
2014-06-30 750.45 580.62 67.71
2014-03-31 767.65 581.97 64.29
2013-12-31 781.43 583.32 63.97
2013-09-30 804.46 584.67 66.61
2013-06-30 672.39 511.02 74.65
  • Capital Product Partners's level of debt (63.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (65.9% vs 63.7% today).
  • Debt is well covered by operating cash flow (20.9%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Capital Product Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Capital Product Partners has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Capital Product Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
17.34%
Current annual income from Capital Product Partners dividends. Estimated to be 18.74% next year.
If you bought €2,000 of Capital Product Partners shares you are expected to receive €347 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Capital Product Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Capital Product Partners's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:7CP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:7CP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.40 2.00
2020-12-31 1.40 2.00
2020-04-08
DB:7CP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-21 1.295 14.144
2019-10-22 1.260 10.312
2019-07-23 1.260 11.595
2019-05-03 1.260 11.976
2019-01-22 1.260 9.245
2018-10-18 2.240 13.075
2018-07-18 2.240 10.931
2018-04-18 2.240 10.284
2018-01-17 2.240 9.918
2017-10-19 2.240 9.560
2017-07-20 2.240 8.972
2017-04-20 2.240 9.227
2017-02-03 2.240 9.431
2017-01-31 2.240 8.784
2017-01-18 2.135 8.545
2016-10-20 2.100 9.771
2016-07-21 2.100 8.751
2016-04-27 2.100 10.386
2016-01-25 6.678 28.583
2015-10-21 6.678 17.118
2015-07-23 6.622 13.533
2015-04-23 6.566 11.088
2015-01-23 6.510 9.910
2014-10-23 6.510 11.398
2014-07-22 6.510 9.172
2014-04-23 6.510 8.526
2014-01-22 6.510 8.795
2013-10-21 6.510 9.856
2013-07-22 6.510 10.287
2013-04-22 6.510 10.175
2013-01-22 6.510 11.566
2012-10-23 6.510 13.212
2012-07-31 6.510 11.820
2012-04-24 6.510 12.177
2012-01-23 6.510 11.994
2011-01-21 6.510 12.046
2010-10-25 6.510 10.298
2010-07-30 6.510 11.034
2010-07-23 6.300 10.105
2010-04-23 6.300 11.201
2010-01-29 11.480 18.769
2009-10-26 11.480 19.201
2009-07-27 11.480 18.854
2009-04-24 11.480 17.648

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Capital Product Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Capital Product Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Capital Product Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Capital Product Partners has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Capital Product Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jerry Kalogiratos
AGE 42
TENURE AS CEO 4.8 years
CEO Bio

Mr. Gerasimos G. Kalogiratos, also known as Jerry, has been the Chief Executive Officer of Capital Gp Llc, a General Partner of Capital Product Partners L.P. since June 12, 2015 and served as its Chief Financial Officer since June 12, 2015 until February 28, 2018. Mr. Kalogiratos served as the Chief Operating Officer of Capital Product Partners L.P. Mr. Kalogiratos serves as Chief Financial Officer of Crude Carriers Corp. He joined Capital Maritime & Trading Corp. in 2005 and serves as its Finance Director. His responsibilities include the newbuilding commercial projects (including contract negotiations and financing) and vessel sales & acquisitions. He was part of the team that completed the IPO of Capital Product Partners L.P. in 2007 and serves as Capital Product Partners L.P.'s Investment Relations Officer. He is a Director of Diamond S Shipping Inc. since march 2019. He has over 8 years of experience in the shipping and finance industries, specializing in shipping finance and vessel acquisitions. From 1998 to 2000, Mr. Kalogiratos was employed by Attalos Securities S.A. in Greece, where he worked in the equities sales department. Mr. Kalogiratos serves as a Director of Crude Carriers Corp. He has been a Director of Capital Product Partners L.P. since December 2014. Before he joined Capital Maritime, he completed his MA in European Politics and Economics at the Humboldt University and subsequently worked for the European Politics Department of the Frei University in Germany. Mr. Kalogiratos holds a B.A degree in Politics, Philosophy and Economics from the University of Oxford in the United Kingdom.

CEO Compensation
  • Insufficient data for Jerry to compare compensation growth.
  • Insufficient data for Jerry to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Capital Product Partners management team in years:

4.8
Average Tenure
43
Average Age
  • The tenure for the Capital Product Partners management team is about average.
Management Team

Jerry Kalogiratos

TITLE
CEO of Capital GP LLC & Director
AGE
42
TENURE
4.8 yrs

Nikolaos Kalapotharakos

TITLE
Chief Financial Officer of Capital GP LLC
AGE
44
TENURE
2.2 yrs

Gerry Ventouris

TITLE
Chief Operating Officer of Capital GP LLC
AGE
68
TENURE
4.8 yrs

Eleni Tsoukala

TITLE
Independent Director & Secretary
AGE
41
Board of Directors Tenure

Average tenure and age of the Capital Product Partners board of directors in years:

2.6
Average Tenure
60
Average Age
  • The average tenure for the Capital Product Partners board of directors is less than 3 years, this suggests a new board.
Board of Directors

Keith Forman

TITLE
Independent Non-Executive Chairman
AGE
60
TENURE
2.5 yrs

Jerry Kalogiratos

TITLE
CEO of Capital GP LLC & Director
AGE
42
TENURE
5.3 yrs

Eleni Tsoukala

TITLE
Independent Director & Secretary
AGE
41
TENURE
2.2 yrs

Abel Rasterhoff

TITLE
Independent Director
AGE
78
TENURE
13 yrs

Rory Hussey

TITLE
Independent Director
AGE
67
TENURE
2.6 yrs

Dimitris Christacopoulos

TITLE
Independent Director
AGE
48
TENURE
8.6 yrs

Gurpal Grewal

TITLE
Director
AGE
72
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Capital Product Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Capital Product Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. Its vessels transports a range of dry cargoes and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters. As of March 05, 2020, the company owned 14 vessels, including 13 Neo-Panamax container vessels and one capesize bulk carrier. Capital GP L.L.C. serves as the general partner of the company. The company was founded in 2007 and is headquartered in Piraeus, Greece.

Details
Name: Capital Product Partners L.P.
7CP
Exchange: DB
Founded: 2007
$113,467,257
$111,332,428
18,526,670
Website: http://www.capitalpplp.com
Address: Capital Product Partners L.P.
Capital Building,
3, Iassonos Street,
Piraeus,
18537,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CPLP Common Units Nasdaq Global Select US USD 30. Mar 2007
DB 7CP Common Units Deutsche Boerse AG DE EUR 30. Mar 2007
BST 7CPA Common Units Boerse-Stuttgart DE EUR 30. Mar 2007
Number of employees
Current staff
Staff numbers
0
Capital Product Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 22:17
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.