Castor Maritime (CTRM) AI Stock Analysis

• Market Cap: $20.13M
• Dividend Yield: N/A
• Average Volume (3M): 41.82K
• Price to Earnings (P/E): 2.3
• Beta (1Y): 0.19
• Revenue Growth: -19.63%
• EPS Growth: -144.86%
• Country: US
• Employees: 1
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.06
• Shares Outstanding: 9,662,354
• 10 Day Avg. Volume: 33,687
• 30 Day Avg. Volume: 41,816
• PEG Ratio: -0.19
• Price to Book (P/B): 0.05
• Price to Sales (P/S): 0.40
• P/FCF Ratio: -0.88
• Enterprise Value/Market Cap: 7.93
• Enterprise Value/Revenue: 2.35
• Enterprise Value/Gross Profit: 9.89
• Enterprise Value/Ebitda: -18.51
• 1Y Price Target: $2.00
• Price Target Upside: -3.85% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 52 Neutral
• Price Target: $2.00 ▼(-3.85% Downside)

Castor Maritime's overall stock score reflects a combination of financial stability due to a strong balance sheet and low leverage, offset by declining revenue, profitability, and cash flow challenges. Technical indicators suggest a neutral to slightly bearish outlook, while the valuation is unattractive due to a negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events further limits the assessment.

Castor Maritime Business Overview & Revenue Model

Company Description

Castor Maritime Inc. provides shipping services worldwide. The company operates through three segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. It offers seaborne transportation services for dry bulk cargo; commodities, such as iron ore, coal, soybeans, etc.; and crude oil and refined petroleum products. As of December 31, 2021, the company owned and operated a fleet of 29 vessels primarily consisting of two Handysize tanker vessels, seven Aframax/LR2 tanker vessels, and 14 dry bulk vessels. Castor Maritime Inc. was incorporated in 2017 and is based in Limassol, Cyprus.

How the Company Makes Money

Castor Maritime generates revenue primarily through the chartering of its vessels. The company earns income by either time charters or spot charters, depending on market demand and shipping rates. Time charters provide a steady revenue stream over a specified period, while spot charters capitalize on fluctuating market rates for immediate shipping needs. Additionally, the company may benefit from long-term contracts with established clients, which can offer more predictable revenue. The effectiveness of Castor Maritime's revenue model is influenced by global shipping demand, freight rates, and operational efficiency. Strategic partnerships with chartering companies and freight brokers also enhance its market reach and contribute to earnings.

Castor Maritime Financial Statement Overview

Summary

Castor Maritime's financial performance shows a mixed picture. The company has a strong balance sheet with low leverage and high equity, providing stability. However, declining revenue and net profit margins, alongside cash flow challenges, indicate potential operational difficulties. The firm needs to address revenue growth and cash management to improve its financial health.

Income Statement

Castor Maritime's income statement reflects a significant revenue decrease over recent years, with a revenue growth rate of -32.1% from 2023 to 2024. The gross profit margin stands at 29.66% for 2024, indicating reasonable cost management. However, the net profit margin decreased to 22.07% in 2024 from 39.63% in 2023, reflecting declining profitability. While EBIT and EBITDA margins remain robust at 32.34% and 52.11% respectively, the overall trajectory suggests potential challenges in maintaining revenue levels.

Balance Sheet

The balance sheet shows a strong equity position with a debt-to-equity ratio of 0.20 in 2024, indicating low leverage. The company maintains a solid equity ratio of 71.52%, highlighting financial stability. Return on equity has decreased to 2.57% in 2024, reflecting lower profitability, though the company still benefits from substantial equity backing. This stability provides a buffer against industry fluctuations.

Cash Flow

Cash flow analysis reveals a decrease in free cash flow from 2023 to 2024, with a growth rate of -172%. The operating cash flow to net income ratio is 2.87, indicating that operational cash generation remains strong relative to net income. However, the free cash flow to net income ratio is negative, suggesting challenges in capital expenditure management. These metrics reflect short-term cash flow concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	67.86M	66.24M	97.52M	150.22M	132.05M	12.49M
Gross Profit	16.15M	19.65M	28.47M	86.70M	65.53M	2.55M
EBITDA	-8.62M	37.37M	55.71M	92.28M	69.99M	2.36M
Net Income	-44.38M	14.62M	38.64M	118.56M	52.27M	-1.75M
Balance Sheet
Total Assets	702.81M	797.38M	605.04M	632.92M	462.91M	74.37M
Cash, Cash Equivalents and Short-Term Investments	98.71M	157.02M	188.47M	100.59M	37.17M	8.93M
Total Debt	84.43M	111.32M	83.39M	138.77M	102.04M	18.19M
Total Liabilities	149.50M	171.91M	94.31M	171.43M	119.98M	21.99M
Stockholders Equity	495.95M	570.13M	510.73M	461.50M	342.93M	52.38M
Cash Flow
Free Cash Flow	-58.43M	-30.26M	41.97M	47.35M	-287.87M	-37.82M
Operating Cash Flow	14.09M	41.91M	42.59M	123.75M	60.78M	-2.34M
Investing Cash Flow	-208.11M	-133.48M	-9.12M	-63.74M	-348.64M	-35.47M
Financing Cash Flow	720.92K	59.56M	-64.88M	48.90M	321.82M	42.18M

Castor Maritime Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CTRM, the sentiment is Negative. The current price of 2.08 is below the 20-day moving average (MA) of 2.14, below the 50-day MA of 2.12, and below the 200-day MA of 2.34, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.02 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CTRM.

Castor Maritime Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TOPS	65 Neutral	$26.97M	2.53	7.94%	―	4.77%	―
PSHG	64 Neutral	$22.88M	0.93	21.39%	―	-7.48%	3.08%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CTRM	52 Neutral	$20.13M	2.34	-8.88%	―	-19.63%	-144.86%
EDRY	52 Neutral	$35.33M	―	-14.42%	―	-13.96%	-498.96%
USEA	51 Neutral	$14.82M	―	-10.32%	7.74%	-7.89%	-186.18%
GLBS	49 Neutral	$23.26M	61.24	-3.35%	―	11.80%	-186.40%

Castor Maritime Corporate Events

Castor Maritime Announces Key Decisions from 2025 Annual Meeting

On September 12, 2025, Castor Maritime Inc. held its 2025 Annual General Meeting of Shareholders in Limassol, Cyprus, where key proposals were approved. These included the re-election of Mr. Dionysios Makris as Class B Director until 2028 and the appointment of Deloitte Certified Public Accountants S.A. as independent auditors for the fiscal year 2025. These decisions reflect the company’s ongoing commitment to maintaining strong governance and financial oversight.

Castor Maritime Reports Q1 2025 Financial Results Amid Market Challenges

On August 11, 2025, Castor Maritime Inc. reported a challenging first quarter for 2025, with total vessel revenues dropping by 44.6% to $11.3 million compared to the same period in 2024. The company faced a net loss of $23.3 million, primarily due to unrealized losses from equity investments. Despite the decrease in revenues and net income, Castor Maritime successfully repaid a $100 million loan from Toro Corp., enhancing its financial flexibility and reducing leverage. The company remains focused on strategic growth in the shipping and energy sectors, despite the softer conditions in the dry bulk market.

Castor Maritime Completes Sale and Leaseback of M/V Magic Thunder

On July 29, 2025, Castor Maritime Inc. completed a sale and leaseback transaction for the M/V Magic Thunder, a 2011-built Kamsarmax bulk carrier vessel, with a Japanese counterparty. The transaction, valued at $14.6 million, includes a five-year bareboat charter and a purchase option starting at the end of the second year, potentially enhancing Castor’s financial flexibility and operational strategy.

Castor Maritime Schedules 2025 Annual General Meeting for September

On July 29, 2025, Castor Maritime Inc. announced that its 2025 Annual General Meeting of Shareholders will be held on September 12, 2025, in Limassol, Cyprus. The announcement sets the record date for shareholders entitled to vote at the meeting as July 14, 2025. This meeting is a significant event for the company as it provides an opportunity for shareholders to engage with the company’s leadership and discuss future strategies, potentially impacting the company’s operations and market positioning.

Castor Maritime Expands Stake in MPC Container Ships

Castor Maritime Inc., through its subsidiary MPCC CSI LTD., has increased its stake in MPC Container Ships ASA by acquiring an additional 3.44% of shares. This acquisition, completed on July 4, 2025, raises the collective holdings of MPC Capital AG and its affiliates in MPCC to 20.12%, enhancing their influence and voting rights within the company.