Capital Clean Energy Carriers Corp. (CCEC) 10-Year Financial Performance & Capital Metrics

CCEC • • Industrial / General

IndustrialsMarine ShippingSpecialized Gas CarriersLNG Carriers

AboutCapital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals. It serves as the general partner of the company. The company was formerly known as Capital Product Partners L.P. and changed its name to Capital Clean Energy Carriers Corp. in August 2024. Capital Clean Energy Carriers Corp. was incorporated in 2007 and is headquartered in Piraeus, Greece.Show more

Revenue $369M +2.4%
EBITDA $293M +24.3%
Net Income $192M +312.8%
EPS (Diluted) 2.60 +20.9%
Gross Margin 56.25% +15.4%
EBITDA Margin 79.35% +21.3%
Operating Margin 51.74% +23.7%
Net Margin 52% +303.0%
ROE 15.26% +197.3%
ROIC 4.5% -9.6%
Debt/Equity 1.92 +27.1%
Interest Coverage 1.37 -5.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 51.4%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 24.7%
✓Healthy dividend yield of 2.9%
✓Healthy 5Y average net margin of 36.3%
✓Trading at only 0.9x book value

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 100.0% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.72%

5Y24.65%

3Y26%

TTM33.62%

Profit (Net Income) CAGR

10Y16.03%

5Y51.35%

3Y25.07%

TTM50.18%

EPS CAGR

10Y-2.24%

5Y14.35%

3Y-20.32%

TTM-42.07%

ROCE

10Y Avg5.37%

5Y Avg6.34%

3Y Avg6.43%

Latest5.6%

Peer Comparison

LNG Carriers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CCECCapital Clean Energy Carriers Corp.	1.24B	20.93	8.05	2.45%	36.59%	19.55%		1.92
CLCOCool Company Ltd.	511.23M	9.67	5.31	-10.76%	17.84%	7.48%		1.72

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	235.21M	256.16M	264.32M	131.97M	122.75M	140.87M	184.66M	299.07M	360.59M	369.41M
Revenue Growth %	0.22%	0.09%	0.03%	-0.5%	-0.07%	0.15%	0.31%	0.62%	0.21%	0.02%
Cost of Goods Sold+	154.79M	174.22M	190.51M	86.95M	77.12M	86.43M	104.75M	152.97M	184.81M	161.61M
COGS % of Revenue	0.66%	0.68%	0.72%	0.66%	0.63%	0.61%	0.57%	0.51%	0.51%	0.44%
Gross Profit+	80.41M	81.94M	73.81M	45.02M	45.63M	54.44M	79.91M	146.1M	175.78M	207.81M
Gross Margin %	0.34%	0.32%	0.28%	0.34%	0.37%	0.39%	0.43%	0.49%	0.49%	0.56%
Gross Profit Growth %	0.2%	0.02%	-0.1%	-0.39%	0.01%	0.19%	0.47%	0.83%	0.2%	0.18%
Operating Expenses+	6.61M	6.25M	6.23M	5.71M	5.5M	7.2M	8.66M	10.68M	13.45M	16.68M
OpEx % of Revenue	0.03%	0.02%	0.02%	0.04%	0.04%	0.05%	0.05%	0.04%	0.04%	0.05%
Selling, General & Admin	6.61M	6.25M	6.23M	5.71M	5.5M	7.2M	8.66M	10.68M	13.45M	16.68M
SG&A % of Revenue	0.03%	0.02%	0.02%	0.04%	0.04%	0.05%	0.05%	0.04%	0.04%	0.05%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	11.5M	0
Operating Income+	73.81M	75.69M	67.58M	39.31M	40.13M	47.24M	71.25M	135.42M	150.84M	191.13M
Operating Margin %	0.31%	0.3%	0.26%	0.3%	0.33%	0.34%	0.39%	0.45%	0.42%	0.52%
Operating Income Growth %	0.22%	0.03%	-0.11%	-0.42%	0.02%	0.18%	0.51%	0.9%	0.11%	0.27%
EBITDA+	152.28M	162.13M	156.78M	86.5M	83.77M	100.34M	125.47M	216.7M	235.93M	293.14M
EBITDA Margin %	0.65%	0.63%	0.59%	0.66%	0.68%	0.71%	0.68%	0.72%	0.65%	0.79%
EBITDA Growth %	0.13%	0.06%	-0.03%	-0.45%	-0.03%	0.2%	0.25%	0.73%	0.09%	0.24%
D&A (Non-Cash Add-back)	78.48M	86.44M	89.2M	47.19M	43.64M	53.1M	54.22M	81.28M	85.09M	102.02M
EBIT	75.55M	75.95M	65.09M	39.31M	40.13M	47.24M	71.25M	135.42M	152.07M	194.44M
Net Interest Income+	-20.14M	-24.3M	-19.96M	-18.96M	-17.04M	-16.74M	-20.13M	-55.42M	-104.86M	-139.83M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	20.14M	24.3M	19.96M	18.96M	17.04M	16.74M	20.13M	55.42M	104.86M	139.83M
Other Income/Expense	-18.4M	-23.2M	-51.78M	-46.92M	-15.71M	-16.88M	26.93M	-57.28M	-103.63M	-136.52M
Pretax Income+	55.41M	52.49M	38.48M	-7.61M	24.42M	30.37M	98.18M	125.42M	47.21M	54.61M
Pretax Margin %	0.24%	0.2%	0.15%	-0.06%	0.2%	0.22%	0.53%	0.42%	0.13%	0.15%
Income Tax+	0	0	657K	-352K	0	0	0	0	0	0
Effective Tax Rate %	0.98%	0.98%	0.98%	0.95%	0.99%	1%	1%	1%	0.99%	3.52%
Net Income+	54.52M	51.39M	37.83M	-7.26M	24.18M	30.37M	98.18M	125.42M	46.53M	192.08M
Net Margin %	0.23%	0.2%	0.14%	-0.06%	0.2%	0.22%	0.53%	0.42%	0.13%	0.52%
Net Income Growth %	0.26%	-0.06%	-0.26%	-1.19%	4.33%	0.26%	2.23%	0.28%	-0.63%	3.13%
Net Income (Continuing)	55.41M	52.49M	15.79M	-7.61M	24.42M	30.37M	98.18M	125.42M	47.21M	54.61M
Discontinued Operations	0	0	22.69M	0	0	0	0	0	0	139.03M
Minority Interest	17M	16.68M	16.43M	15.44M	8.57M	8.82M	10.47M	12.41M	12.88M	0
EPS (Diluted)+	2.66	2.38	2.14	-0.40	1.33	1.64	5.14	6.19	2.15	2.60
EPS Growth %	-0.18%	-0.11%	-0.1%	-1.19%	4.33%	0.23%	2.13%	0.2%	-0.65%	0.21%
EPS (Basic)	2.66	2.38	2.14	-0.40	1.33	1.64	5.14	6.19	2.15	2.60
Diluted Shares Outstanding	16.43M	17.11M	17.69M	18.1M	18.18M	18.19M	18.34M	19.33M	21.18M	56.09M
Basic Shares Outstanding	16.43M	17.11M	17.69M	18.1M	18.18M	18.19M	18.34M	19.33M	21.18M	56.09M
Dividend Payout Ratio	2.21%	1.31%	1.34%	-	0.95%	0.56%	0.08%	0.1%	0.26%	0.18%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	99.82M	117.88M	105.46M	64.56M	65.95M	57.78M	37.68M	166.32M	225.5M	405.54M
Cash & Short-Term Investments	90.19M	106.68M	63.3M	21.2M	57.96M	47.34M	20.37M	144.63M	192.42M	313.99M
Cash Only	90.19M	106.68M	63.3M	21.2M	57.96M	47.34M	20.37M	144.63M	192.42M	313.99M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.68M	2.5M	4.77M	16.13M	3.77M	3.6M	7.47M	5.74M	3.5M	4.98M
Days Sales Outstanding	4.16	3.56	6.59	44.6	11.22	9.33	14.76	7	3.55	4.92
Inventory	4.41M	4.76M	5.32M	1.52M	1.47M	3.53M	5.01M	6.82M	5.55M	4.84M
Days Inventory Outstanding	10.39	9.97	10.18	6.36	6.96	14.9	17.45	16.27	10.97	10.94
Other Current Assets	0	0	29.03M	23.7M	1.08M	746K	1.44M	5.24M	15.71M	81.73M
Total Non-Current Assets+	1.46B	1.48B	1.36B	1.32B	637.52M	764.42M	1.85B	1.83B	2.91B	3.71B
Property, Plant & Equipment	1.33B	1.37B	1.27B	586.1M	576.89M	712.2M	1.78B	1.78B	2.81B	3.58B
Fixed Asset Turnover	0.18x	0.19x	0.21x	0.23x	0.21x	0.20x	0.10x	0.17x	0.13x	0.10x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	100.52M	90.24M	75.03M	60.66M	46.27M	34.58M	48.6M	32.32M	83.39M	101.57M
Long-Term Investments	17M	18M	18M	17M	5.5M	7M	10.61M	10.21M	18.36M	24.09M
Other Non-Current Assets	4.88M	4.75M	2.53M	656.93M	8.85M	10.64M	6.41M	6.01M	6.36M	365K
Total Assets+	1.56B	1.6B	1.47B	1.39B	703.46M	822.2M	1.89B	2B	3.14B	4.11B
Asset Turnover	0.15x	0.16x	0.18x	0.10x	0.17x	0.17x	0.10x	0.15x	0.11x	0.09x
Asset Growth %	0.04%	0.03%	-0.08%	-0.06%	-0.49%	0.17%	1.29%	0.06%	0.57%	0.31%
Total Current Liabilities+	61.25M	92.2M	123.07M	115.16M	64.74M	61.61M	130.8M	118.58M	183.93M	243.49M
Accounts Payable	8.43M	8.69M	9.63M	14.35M	12.5M	9.03M	9.82M	8.32M	14.42M	15.12M
Days Payables Outstanding	19.88	18.2	18.45	60.23	59.17	38.13	34.23	19.86	28.47	34.15
Short-Term Debt	11.92M	39.57M	50.51M	37.48M	27M	35.81M	97.88M	73.21M	103.12M	128.38M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Other Current Liabilities	0	0	14.78M	21.54M	0	0	0	0	29.87M	34.49M
Current Ratio	1.63x	1.28x	0.86x	0.56x	1.02x	0.94x	0.29x	1.40x	1.23x	1.67x
Quick Ratio	1.56x	1.23x	0.81x	0.55x	1.00x	0.88x	0.25x	1.35x	1.20x	1.65x
Cash Conversion Cycle	-5.33	-4.67	-1.68	-9.26	-40.98	-13.9	-2.01	3.41	-13.96	-18.28
Total Non-Current Liabilities+	556.81M	578.65M	409.74M	388.77M	231.99M	338.51M	1.23B	1.24B	1.78B	2.53B
Long-Term Debt	555.89M	562.62M	403.82M	253.93M	231.99M	338.51M	1.21B	1.22B	1.67B	2.45B
Capital Lease Obligations	0	0	0	0	0	0	0	810.78M	0	0
Deferred Tax Liabilities	-921K	0	-5.92M	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	16.03M	0	134.74M	0	0	17.81M	-786.89M	109.26M	75.66M
Total Liabilities	618.05M	670.85M	532.81M	503.93M	296.73M	400.12M	1.36B	1.36B	1.97B	2.77B
Total Debt+	567.81M	602.19M	454.33M	291.41M	258.99M	374.32M	1.31B	1.29B	1.78B	2.58B
Net Debt	477.62M	495.51M	391.04M	270.21M	201.02M	326.99M	1.29B	1.14B	1.58B	2.26B
Debt / Equity	0.61x	0.65x	0.49x	0.33x	0.64x	0.89x	2.49x	2.02x	1.51x	1.92x
Debt / EBITDA	3.73x	3.71x	2.90x	3.37x	3.09x	3.73x	10.43x	5.95x	7.52x	8.80x
Net Debt / EBITDA	3.14x	3.06x	2.49x	3.12x	2.40x	3.26x	10.27x	5.28x	6.71x	7.72x
Interest Coverage	3.66x	3.11x	3.39x	2.07x	2.36x	2.82x	3.54x	2.44x	1.44x	1.37x
Total Equity+	937.82M	927.76M	933.4M	881.31M	406.74M	422.08M	525.46M	638.43M	1.17B	1.34B
Equity Growth %	0.07%	-0.01%	0.01%	-0.06%	-0.54%	0.04%	0.24%	0.21%	0.84%	0.14%
Book Value per Share	57.07	54.21	52.76	48.69	22.38	23.20	28.65	33.04	55.47	23.94
Total Shareholders' Equity	920.82M	911.07M	916.98M	865.88M	398.17M	413.26M	515M	626.01M	1.16B	1.34B
Common Stock	810.24M	800.57M	806.47M	755.37M	398.17M	413.26M	519.5M	634.61M	1.17B	599K
Retained Earnings	0	0	0	0	0	0	0	0	0	102.61M
Treasury Stock	0	0	0	0	0	0	-4.5M	-3.83M	-7.94M	0
Accumulated OCI	0	0	0	0	0	0	0	-4.77M	-1.59M	-289K
Minority Interest	17M	16.68M	16.43M	15.44M	8.57M	8.82M	10.47M	12.41M	12.88M	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	134.21M	155.06M	121.98M	97.82M	53.39M	75.92M	105.03M	168.22M	185.53M	240.52M
Operating CF Margin %	0.57%	0.61%	0.46%	0.74%	0.43%	0.54%	0.57%	0.56%	0.51%	0.65%
Operating CF Growth %	0.07%	0.16%	-0.21%	-0.2%	-0.45%	0.42%	0.38%	0.6%	0.1%	0.3%
Net Income	54.52M	51.39M	37.83M	-7.26M	24.18M	29.81M	94.33M	119.6M	45.6M	54.61M
Depreciation & Amortization	78.48M	86.44M	89.2M	47.19M	43.64M	53.1M	54.22M	81.28M	85.09M	102.02M
Stock-Based Compensation	34K	1.07M	1.16M	613K	907K	2.05M	2.04M	3.79M	3.79M	6.92M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	156.96M	177.04M	180M	168.58M	94.65M	105.19M	69.9M	124.19M	12.27M	50.23M
Working Capital Changes	286K	13.83M	-6.41M	-10.18M	-24.79M	-7.88M	618K	7.01M	38.79M	26.74M
Change in Receivables	-37K	183K	-2.27M	-11.35M	12.35M	174K	-3.87M	130K	1.46M	-34K
Change in Inventory	-973K	-354K	-719K	1.15M	45K	-2.06M	-1.48M	-1.81M	1.11M	-1.84M
Change in Payables	1.93M	-595K	2.76M	4.07M	-9.41M	3.78M	-252K	380K	3.35M	5.52M
Cash from Investing+	-209.94M	-91.78M	-2.04M	-4.48M	-8M	-185.25M	-175.06M	-14.11M	-447.09M	-753.14M
Capital Expenditures	-207.94M	-90.78M	-2.04M	-2.43M	-6.52M	-185.25M	-368.1M	-141.23M	-467.63M	-1.2B
CapEx % of Revenue	0.88%	0.35%	0.01%	0.02%	0.05%	1.32%	1.99%	0.47%	1.3%	3.25%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2M	0	-359K	-41.84M	-1.48M	0	193.03M	127.12M	20.54M	448.06M
Cash from Financing+	1.72M	-46.78M	-163.32M	-126.44M	-20.13M	100.2M	46.68M	-30.74M	307.01M	644.99M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-120.55M	-67.06M	-50.85M	-51.82M	0	-17.07M	-7.61M	-12.15M	-12.03M	-33.81M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.23M	-1.16M	-14.01M	-19.34M	129.46M	-5.08M	-6.27M	-209K	-4.87M	-110.24M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-73.73M	64.27M	119.94M	95.39M	46.88M	-109.33M	-263.06M	26.99M	-282.1M	-960.68M
FCF Margin %	-0.31%	0.25%	0.45%	0.72%	0.38%	-0.78%	-1.42%	0.09%	-0.78%	-2.6%
FCF Growth %	-1.78%	1.87%	0.87%	-0.2%	-0.51%	-3.33%	-1.41%	1.1%	-11.45%	-2.41%
FCF per Share	-4.49	3.76	6.78	5.27	2.58	-6.01	-14.34	1.40	-13.32	-17.13
FCF Conversion (FCF/Net Income)	2.46x	3.02x	3.22x	-13.48x	2.21x	2.50x	1.07x	1.34x	3.99x	1.25x
Interest Paid	0	0	0	0	0	0	0	0	0	131.87M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.02%	5.51%	4.06%	-0.8%	3.76%	7.33%	20.72%	21.55%	5.13%	15.26%
Return on Invested Capital (ROIC)	4.1%	4%	3.69%	2.38%	3.42%	5.22%	4.17%	5.65%	4.98%	4.5%
Gross Margin	34.19%	31.99%	27.92%	34.11%	37.18%	38.65%	43.27%	48.85%	48.75%	56.25%
Net Margin	23.18%	20.06%	14.31%	-5.5%	19.7%	21.56%	53.17%	41.94%	12.9%	52%
Debt / Equity	0.61x	0.65x	0.49x	0.33x	0.64x	0.89x	2.49x	2.02x	1.51x	1.92x
Interest Coverage	3.66x	3.11x	3.39x	2.07x	2.36x	2.82x	3.54x	2.44x	1.44x	1.37x
FCF Conversion	2.46x	3.02x	3.22x	-13.48x	2.21x	2.50x	1.07x	1.34x	3.99x	1.25x
Revenue Growth	22.01%	8.91%	3.19%	-50.07%	-6.99%	14.75%	31.09%	61.95%	20.57%	2.45%

Frequently Asked Questions

Valuation & Price

Capital Clean Energy Carriers Corp. (CCEC) has a price-to-earnings (P/E) ratio of 8.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Capital Clean Energy Carriers Corp. (CCEC) reported $768.8M in revenue for fiscal year 2024. This represents a 490% increase from $130.3M in 2011.

Capital Clean Energy Carriers Corp. (CCEC) grew revenue by 2.4% over the past year. Growth has been modest.

Yes, Capital Clean Energy Carriers Corp. (CCEC) is profitable, generating $281.3M in net income for fiscal year 2024 (52.0% net margin).

Dividend & Returns

Yes, Capital Clean Energy Carriers Corp. (CCEC) pays a dividend with a yield of 2.88%. This makes it attractive for income-focused investors.

Capital Clean Energy Carriers Corp. (CCEC) has a return on equity (ROE) of 15.3%. This is reasonable for most industries.

Capital Clean Energy Carriers Corp. (CCEC) had negative free cash flow of $145.3M in fiscal year 2024, likely due to heavy capital investments.

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