Intercont (Cayman) Limited Ordinary shares (NCT) 10-Year Financial Performance & Capital Metrics

NCT • • Industrial / General

IndustrialsMarine ShippingMarine Services & LogisticsMarine Fuel Services

AboutIntercont operates a global maritime shipping business through its subsidiaries, divided into two segments: time chartering and vessel management services. As of September 27, 2024, the company's fleet included one self-owned vessel and three leased vessels with a total cargo carrying capacity of 217,191 dwt. Intercont plans to expand its operations with the launch of a seaborne pulping business through its Singapore subsidiary, Openwindow, by the first quarter of 2025.Show more

Revenue $26M -21.3%
EBITDA $12M -41.1%
Net Income $3M -71.1%
EPS (Diluted) 0.13 -70.5%
Gross Margin 28.79% -35.0%
EBITDA Margin 45.58% -25.1%
Operating Margin 19.9% -52.2%
Net Margin 12.3% -63.3%
ROE 21.74% -71.1%
ROIC 9.13% -61.9%
Debt/Equity 2.41 +22.0%
Interest Coverage 1.88 -62.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 58.2%
✓FCF machine: 25.4% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 24.3%
✓Trading at only 0.5x book value

✗Weaknesses

✗High debt to equity ratio of 2.4x
✗Weak momentum: RS Rating 1 (bottom 1%)
✗Dividend payout exceeds 100% of earnings
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

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5Y-

3Y-

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Profit (Net Income) CAGR

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5Y-

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EPS CAGR

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5Y-

3Y-

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ROCE

10Y Avg23.11%

5Y Avg23.11%

3Y Avg23.11%

Latest13.47%

Peer Comparison

Marine Fuel Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UFGUni-Fuels Holdings Limited	12.4M	1.27	222.81	119.24%	0.09%	1.96%	2.6%	0.36
HMRHeidmar Maritime Holdings Corp.	53.14M	0.91	27.16	-41.04%	6.61%	11.05%	12.21%	0.28
SFLSFL Corporation Ltd.	1.12B	8.47	8.39	20.79%	-0.2%	-0.16%		2.52
NMMNavios Maritime Partners L.P.	1.64B	56.94	4.75	2.08%	23.31%	9.53%		0.46
CMBTCmb.Tech N.V.	3.34B	11.52	2.59	-23.87%	12.64%	6.47%		2.20
NCTIntercont (Cayman) Limited Ordinary shares	6.62M	0.22	1.67	-21.32%	12.3%	21.74%	97.92%	2.41
HTCOHigh-Trend International Group	83.2M	11.42	-2.28	13.56%	-21.81%	-32.08%		0.80
VNTGVantage Corp	10.36M	0.91		-6.7%	20.6%	105.65%	17.07%

Profit & Loss

	Jun 2022	Jun 2023	Jun 2024
Sales/Revenue+	31.27M	32.45M	25.53M
Revenue Growth %	-	0.04%	-0.21%
Cost of Goods Sold+	20.91M	18.07M	18.18M
COGS % of Revenue	0.67%	0.56%	0.71%
Gross Profit+	10.36M	14.38M	7.35M
Gross Margin %	0.33%	0.44%	0.29%
Gross Profit Growth %	-	0.39%	-0.49%
Operating Expenses+	866.87K	876.44K	2.27M
OpEx % of Revenue	0.03%	0.03%	0.09%
Selling, General & Admin	866.87K	876.44K	1.67M
SG&A % of Revenue	0.03%	0.03%	0.07%
Research & Development	0	0	601K
R&D % of Revenue	-	-	0.02%
Other Operating Expenses	0	0	0
Operating Income+	9.49M	13.5M	5.08M
Operating Margin %	0.3%	0.42%	0.2%
Operating Income Growth %	-	0.42%	-0.62%
EBITDA+	14.88M	19.76M	11.64M
EBITDA Margin %	0.48%	0.61%	0.46%
EBITDA Growth %	-	0.33%	-0.41%
D&A (Non-Cash Add-back)	5.39M	6.25M	6.56M
EBIT	9.88M	13.61M	5.84M
Net Interest Income+	-1.39M	-2.52M	-2.39M
Interest Income	491	194.58K	307.23K
Interest Expense	1.39M	2.72M	2.7M
Other Income/Expense	-1M	-2.61M	-1.94M
Pretax Income+	8.49M	10.89M	3.14M
Pretax Margin %	0.27%	0.34%	0.12%
Income Tax+	0	0	0
Effective Tax Rate %	1%	1%	1%
Net Income+	8.48M	10.87M	3.14M
Net Margin %	0.27%	0.34%	0.12%
Net Income Growth %	-	0.28%	-0.71%
Net Income (Continuing)	8.49M	10.89M	3.14M
Discontinued Operations	0	0	0
Minority Interest	72.21K	0	0
EPS (Diluted)+	0.34	0.44	0.13
EPS Growth %	-	0.29%	-0.7%
EPS (Basic)	0.34	0.44	0.13
Diluted Shares Outstanding	24.73M	24.73M	24.73M
Basic Shares Outstanding	24.73M	24.73M	24.73M
Dividend Payout Ratio	-	0.36%	3.76%

Balance Sheet

	Jun 2022	Jun 2023	Jun 2024
Total Current Assets+	11.1M	16.56M	5.11M
Cash & Short-Term Investments	10.43M	3.42M	3.75M
Cash Only	10.43M	3.42M	3.75M
Short-Term Investments	0	0	0
Accounts Receivable	1.14K	12.74M	802.08K
Days Sales Outstanding	0.01	143.35	11.47
Inventory	0	0	0
Days Inventory Outstanding	-	-	-
Other Current Assets	23.25K	25.96K	76.53K
Total Non-Current Assets+	57.63M	63.69M	60.04M
Property, Plant & Equipment	56.57M	62.31M	57.82M
Fixed Asset Turnover	0.55x	0.52x	0.44x
Goodwill	0	0	0
Intangible Assets	0	0	0
Long-Term Investments	0	0	0
Other Non-Current Assets	1.06M	1.37M	2.22M
Total Assets+	68.73M	80.25M	65.15M
Asset Turnover	0.45x	0.40x	0.39x
Asset Growth %	-	0.17%	-0.19%
Total Current Liabilities+	29.33M	34.59M	35.4M
Accounts Payable	796.71K	882.52K	1.04M
Days Payables Outstanding	13.91	17.83	20.79
Short-Term Debt	0	2.04M	1.66M
Deferred Revenue (Current)	80.41K	187.6K	0
Other Current Liabilities	0	55.86K	55.45K
Current Ratio	0.38x	0.48x	0.14x
Quick Ratio	0.38x	0.48x	0.14x
Cash Conversion Cycle	-	-	-
Total Non-Current Liabilities+	28.46M	27.7M	18.81M
Long-Term Debt	0	5.4M	2.85M
Capital Lease Obligations	27.96M	21.8M	15.52M
Deferred Tax Liabilities	0	0	0
Other Non-Current Liabilities	0	0	440.13K
Total Liabilities	57.79M	62.29M	54.21M
Total Debt+	33.98M	35.4M	26.31M
Net Debt	23.55M	31.98M	22.56M
Debt / Equity	3.11x	1.97x	2.41x
Debt / EBITDA	2.28x	1.79x	2.26x
Net Debt / EBITDA	1.58x	1.62x	1.94x
Interest Coverage	6.85x	4.97x	1.88x
Total Equity+	10.94M	17.95M	10.93M
Equity Growth %	-	0.64%	-0.39%
Book Value per Share	0.44	0.73	0.44
Total Shareholders' Equity	10.86M	17.95M	10.93M
Common Stock	2.45K	2.45K	2.5K
Retained Earnings	10.85M	17.92M	9.26M
Treasury Stock	0	0	0
Accumulated OCI	0	0	0
Minority Interest	72.21K	0	0

Cash Flow

	Jun 2022	Jun 2023	Jun 2024
Cash from Operations+	12.31M	13.57M	6.48M
Operating CF Margin %	0.39%	0.42%	0.25%
Operating CF Growth %	-	0.1%	-0.52%
Net Income	8.49M	10.89M	3.14M
Depreciation & Amortization	5.39M	6.25M	6.56M
Stock-Based Compensation	0	0	0
Deferred Taxes	0	0	0
Other Non-Cash Items	159.82K	231.22K	413.2K
Working Capital Changes	-1.72M	-3.8M	-3.63M
Change in Receivables	351.36K	-741.33K	-59.61K
Change in Inventory	0	0	0
Change in Payables	-330.67K	85.81K	133.12K
Cash from Investing+	-2.1M	-24M	10.52M
Capital Expenditures	-2.1M	-12M	0
CapEx % of Revenue	0.07%	0.37%	-
Acquisitions	-	-	-
Investments	-	-	-
Other Investing	0	0	-1.48M
Cash from Financing+	-2.53M	3.41M	-16.67M
Debt Issued (Net)	-	-	-
Equity Issued (Net)	-	-	-
Dividends Paid	0	-3.87M	-11.8M
Share Repurchases	-	-	-
Other Financing	-215.5K	-475K	-287.83K
Net Change in Cash	-	-	-
Free Cash Flow+	10.21M	13.57M	6.48M
FCF Margin %	0.33%	0.42%	0.25%
FCF Growth %	-	0.33%	-0.52%
FCF per Share	0.41	0.55	0.26
FCF Conversion (FCF/Net Income)	1.45x	1.25x	2.06x
Interest Paid	1.08M	2.31M	2.34M
Taxes Paid	0	0	0

Key Ratios

Metric	2021	2022	2023
Return on Equity (ROE)	77.57%	75.26%	21.74%
Return on Invested Capital (ROIC)	-	23.99%	9.13%
Gross Margin	33.14%	44.31%	28.79%
Net Margin	27.13%	33.51%	12.3%
Debt / Equity	3.11x	1.97x	2.41x
Interest Coverage	6.85x	4.97x	1.88x
FCF Conversion	1.45x	1.25x	2.06x
Revenue Growth	-	3.77%	-21.32%

Frequently Asked Questions

Valuation & Price

Intercont (Cayman) Limited Ordinary shares (NCT) has a price-to-earnings (P/E) ratio of 1.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Intercont (Cayman) Limited Ordinary shares (NCT) reported $25.5M in revenue for fiscal year 2023. This represents a 18% decrease from $31.3M in 2021.

Intercont (Cayman) Limited Ordinary shares (NCT) saw revenue decline by 21.3% over the past year.

Yes, Intercont (Cayman) Limited Ordinary shares (NCT) is profitable, generating $3.1M in net income for fiscal year 2023 (12.3% net margin).

Dividend & Returns

Yes, Intercont (Cayman) Limited Ordinary shares (NCT) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Intercont (Cayman) Limited Ordinary shares (NCT) has a return on equity (ROE) of 21.7%. This is excellent, indicating efficient use of shareholder capital.

Intercont (Cayman) Limited Ordinary shares (NCT) generated $6.5M in free cash flow for fiscal year 2023. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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