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Capital Clean Energy Carriers Corp. (CCEC)
:CCEC
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Capital Clean Energy Carriers
(NASDAQ:CCEC)
79Outperform
Positive Factors
EBITDA growth
The accretion from new LNG carriers is set to be the primary driver behind the 37% EBITDA growth forecast.
Fleet expansion
CCEC's fleet evolution is expected to lead to material cash flow acceleration, driving a more robust capital return pace.
Negative Factors
Debt levels
CCEC's total debt to capital ratio is projected to rise to nearly 71% with the delivery of new vessels.
Capital Clean Energy Carriers (CCEC) vs. S&P 500 (SPY)
Market Cap
$2.50B
Dividend Yield3.42%
Average Volume (3M)25.68K
Price to Earnings (P/E)6.8
Beta (1Y)0.26
Revenue Growth8.89%
EPS GrowthN/A
CountryUS
EmployeesN/A
SectorIndustrials
Sector Strength88
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.55
Shares Outstanding58,387,314
10 Day Avg. Volume44,405
30 Day Avg. Volume25,685
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.81
Price to Sales (P/S)0.00
P/FCF Ratio6.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$22.33Price Target Upside-0.22% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Capital Clean Energy Carriers Business Overview & Revenue Model
Company DescriptionCapital Clean Energy Carriers (CCEC) is a pioneering company in the renewable energy transportation sector, dedicated to offering sustainable and efficient logistics solutions for clean energy products. The company's core services include the transportation of renewable energy resources such as biofuels, hydrogen, and other alternative fuels, leveraging a fleet of eco-friendly vehicles designed to minimize carbon emissions. CCEC aims to facilitate the transition to a low-carbon economy by providing reliable and eco-conscious transport solutions to energy producers and distributors.
How the Company Makes MoneyCCEC generates revenue primarily through service contracts with renewable energy producers and distributors who require efficient and sustainable transportation solutions for their products. The company charges fees based on the volume and distance of transportation, with additional charges for specialized handling of certain energy resources. CCEC also partners with government agencies and private entities to develop infrastructure for clean energy logistics, securing funding and subsidies that contribute to its revenue. Strategic alliances with vehicle manufacturers and technology providers further enhance its service offerings and financial performance.
Capital Clean Energy Carriers Financial Statement Overview
Summary
Capital Clean Energy Carriers exhibits strong revenue and income growth, backed by effective cost management and operational efficiency. The balance sheet shows a solid equity foundation, yet rising debt levels warrant attention. Cash flow management presents a challenge, with negative free cash flow due to substantial capital expenditures. The company is in a growth phase, but maintaining a balance between growth investments and financial stability will be crucial for sustained success.Income Statement
Capital Clean Energy Carriers has shown impressive revenue growth from $122.8 million in 2019 to $369.4 million in 2024, representing a consistent upward trajectory. The gross profit margin has improved significantly over the years, reaching 56.3% in 2024, indicating good cost management. Net profit margins have also improved, with net income rising from $24.2 million in 2019 to $193.6 million in 2024. The company has maintained strong EBIT and EBITDA margins, highlighting operational efficiency. However, there is a notable increase in expenses, which should be monitored to maintain profitability.85
Very Positive
Balance Sheet
The balance sheet reflects a strong equity base with stockholders' equity increasing from $398.2 million in 2019 to $1.24 billion in 2024, indicating a robust financial position. However, the debt-to-equity ratio has increased due to higher debt levels, raising potential leverage concerns. The return on equity has improved, showcasing efficient use of equity. The equity ratio has remained stable, demonstrating a solid capital structure. Nonetheless, the increased debt levels could pose a risk if not managed properly.78
Positive
Cash Flow
The company has faced challenges with free cash flow, which turned negative in recent years due to high capital expenditures, particularly in 2024. Although operating cash flow has grown, indicating strong cash generation from operations, the company needs to address the high capital outlay to improve free cash flow. The operating cash flow to net income ratio remains strong, suggesting good cash conversion from earnings, but the free cash flow to net income ratio is concerning and needs improvement.70
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 369.41M | 360.59M | 299.07M | 184.66M | 140.87M | Gross Profit |
| 207.81M | 175.78M | 146.10M | 79.91M | 54.44M | EBIT |
| 191.13M | 150.84M | 135.42M | 71.25M | 47.24M | EBITDA |
| 296.46M | 237.16M | 216.70M | 125.47M | 100.34M | Net Income Common Stockholders |
| 193.63M | 46.53M | 125.42M | 98.18M | 30.37M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 313.99M | 192.42M | 144.63M | 20.37M | 47.34M | Total Assets |
| 4.11B | 3.14B | 2.00B | 1.89B | 822.20M | Total Debt |
| 2.58B | 1.78B | 1.29B | 1.31B | 374.32M | Net Debt |
| 2.26B | 1.58B | 1.14B | 1.29B | 326.99M | Total Liabilities |
| 2.77B | 1.97B | 1.36B | 1.36B | 400.12M | Stockholders Equity |
| 1.24B | 1.16B | 626.01M | 515.00M | 413.26M |
| Cash Flow | Free Cash Flow | |||
| -960.68M | -282.10M | 26.99M | -263.06M | -109.33M | Operating Cash Flow |
| 240.52M | 185.53M | 168.22M | 105.03M | 75.92M | Investing Cash Flow |
| -753.14M | -447.09M | -14.11M | -175.06M | -185.25M | Financing Cash Flow |
| 644.99M | 307.01M | -30.74M | 46.68M | 100.20M |
Capital Clean Energy Carriers Technical Analysis
Positive
22.38
Price Trends
18.92
Positive
18.63
Positive
18.11
Positive
Market Momentum
0.77
Negative
70.61
Negative
88.49
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CCEC, the sentiment is Positive. The current price of 22.38 is above the 20-day moving average (MA) of 18.97, above the 50-day MA of 18.92, and above the 200-day MA of 18.11, indicating a bullish trend. The MACD of 0.77 indicates Negative momentum. The RSI at 70.61 is Negative, neither overbought nor oversold. The STOCH value of 88.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CCEC.
Capital Clean Energy Carriers Risk Analysis
Capital Clean Energy Carriers disclosed 70 risk factors in its most recent earnings report. Capital Clean Energy Carriers reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Capital Clean Energy Carriers Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $2.50B | 6.78 | 7.74% | 3.42% | 8.89% | ― | |
78 Outperform | $1.60B | 3.51 | 14.14% | 3.86% | 4.93% | -17.08% | |
75 Outperform | $1.04B | 3.56 | 12.57% | 5.26% | 17.77% | -5.90% | |
75 Outperform | $1.19B | 3.67 | 11.12% | 0.49% | 0.28% | -17.09% | |
71 Outperform | $1.26B | 20.92 | 5.09% | 12.46% | 6.68% | -57.55% | |
70 Neutral | $1.59B | 7.12 | 11.68% | 13.01% | 9.33% | 98.70% | |
64 Neutral | $4.39B | 12.06 | 5.17% | 249.63% | 4.03% | -11.04% |
* Industrials Sector Average
Performance Comparison
CCEC
Capital Clean Energy Carriers
22.38
6.69
42.64%
CMRE
Costamare
8.74
-1.72
-16.44%
DAC
Danaos
85.61
3.63
4.43%
NMM
Navios Maritime Partners
40.12
-6.89
-14.66%
SFL
SFL Corporation
8.72
-3.95
-31.18%
GOGL
Golden Ocean Group
7.99
-5.83
-42.19%
Capital Clean Energy Carriers Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q1-2025)
| % Change Since: 12.12%|
Next Earnings Date:Jul 25, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong financial performance for the quarter with significant net income and successful capital reallocations, which were highlighted by the increase in charter backlog and cash position. However, challenges in the LNG market, such as spot rate volatility and increased idling of vessels, present notable concerns. Overall, the highlights outweigh the lowlights, indicating a generally positive sentiment.Q1-2025 Updates
Positive Updates
Significant Net Income Increase
Net income from operations for Q1 2025 amounted to just under $81 million, including a $46.2 million gain from the sale of two container vessels.
Successful Vessel Sales and Capital Reallocation
Raised a total of $472.2 million in net proceeds from the sale of 12 container vessels since December 2023, reallocating capital into gas transportation assets.
Strong Charter Backlog
Increased firm charter backlog to $3.1 billion, with new employment secured for two LNG carriers for five and seven years, respectively, both with an additional five-year option.
Record Cash Position
Cash position increased to $420 million, supported by the completion of container sales.
Strong Contracted Revenue Base
Total contracted backlog, including container vessels, boosted to $3.1 billion or $4.5 billion if all options are exercised.
New LNG Charters Secured
Secured medium-term charters for two LNG carriers with a new high-quality customer, reflecting strong demand for modern tonnage.
Negative Updates
LNG Market Spot Rate Volatility
The LNG spot market has experienced significant volatility with sports rates dropping below $10,000 per day in January 2025, although they have since recovered to around $40,000 per day.
Idle and Scrapped Vessels Increase
At the end of Q1 2025, the number of idle steam vessels reached 41, up from 19 in Q3 2024, and 18 tri-fuel vessels were idle, indicating a challenging market for older tonnage.
Uncertainty in U.S. LNG Trade Policies
Potential impacts from U.S. trade representatives’ proposed port fees and tariffs on LNG shipping, although CCEC is currently insulated against these developments.
Company Guidance
During the Capital Clean Energy Carriers Corp. Q1 2025 earnings call, the company provided several key metrics and insights into their financial and operational status. The net income from operations for the quarter was reported at just under $81 million, bolstered by a $46.2 million gain from the sale of two container vessels. The company has raised a total of $472.2 million in net proceeds from the sale of 12 container vessels since December 2023, and has reinvested this capital into gas transportation assets. Significant developments include securing employment for two new LNG carriers for five and seven years, with additional five-year options, contributing to a firm charter backlog of $3.1 billion. The company's cash position was strong at $420 million, with money markets expecting interest rate cuts by the Fed in 2025, which could benefit the company given that 80% of their funding is on floating rates. The average charter duration across the fleet is now 7.3 years, with a charter backlog of 91 years or $2.8 billion in contracted revenue for the LNG fleet. The company is also focused on managing a newbuilding CapEx program of $2.3 billion, with $467 million already paid in advances by the quarter's end.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.