Company Overview
C3is Inc. operates within the Industrials sector, specifically serving the Marine Shipping industry, by providing international seaborne transportation services to a diverse array of clients including dry bulk charterers, national and private industrial users, commodity producers, traders, oil producers, refineries, and various commodities traders and producers. The company owns and operates a fleet consisting of three dry bulk vessels to facilitate these transportation services across global trade routes. In terms of scale, the company carries a market capitalization of $2.15M and reported annual revenue of $33.61M over the trailing twelve months. The employee count is listed as N/A in the available data. The market cap figure of $2.15M indicates that the company is a small-cap entity with a relatively modest valuation relative to its operational revenue base. The revenue figure of $33.61M suggests a steady operational footprint in the dry bulk shipping market, though the low market cap implies the market is pricing in significant risk or limited growth expectations compared to larger peers. The absence of disclosed employee data further limits the ability to gauge operational scale directly from headcount, suggesting the company may rely on a lean operational model or that personnel metrics are not publicly disclosed for this issuer.
Financial Health
The company reported revenue of $33.61M and net income of $1.04M over the trailing twelve months, with an EBITDA of $6.39M. The gap between the $33.61M revenue and the $1.04M net income reveals a cost structure where operating expenses, after-tax costs, and interest obligations consume approximately 96.9% of total revenue, leaving a profit margin of 16.1%. Free cash flow stands at $-3,496,994, which indicates that the company is currently generating negative cash flow from operations after capital expenditures, potentially limiting immediate financial flexibility for aggressive expansion or heavy dividend payments. Despite the negative free cash flow, the company holds $14.94M in cash against total debt of $24,751. The debt-to-equity ratio is 0.03, suggesting a highly conservative balance sheet with negligible leverage relative to shareholder equity. The current ratio is 1.48, which indicates that the company possesses $1.48 in current assets for every $1.00 of current liabilities, reflecting a healthy short-term liquidity position capable of meeting obligations as they come due. Return on equity is 7.2% while return on assets is -0.1%, revealing that while the company generates returns on the capital contributed by shareholders, it is currently generating a slight loss on its total asset base, likely due to the negative free cash flow impacting the overall asset efficiency.
Valuation Assessment
The trailing P/E ratio is 0.01, while the forward P/E is listed as N/A, implying that analysts cannot currently price in future earnings growth or that expected earnings are so low or volatile that a standard forward multiple is not applicable. The price-to-book ratio is 0.00, indicating that the market values the company at a fraction of its book value or that the book value calculation does not reflect current market realities due to intangible assets or specific accounting treatments. The price-to-sales ratio is 0.06, and the EV/EBITDA is -2.33, suggesting that traditional valuation metrics are distorted by the negative free cash flow and low net income, often seen in cyclical industries like shipping where earnings can be highly volatile. The stock has a 52-week high of $118.80 and a 52-week low of $0.75. Given the extreme range between these two figures, the current trading price is significantly closer to the low end of the range, trading at approximately 99.4% below the 52-week high if the current price is near the low, or the valuation is currently depressed relative to the historical peak. The beta is 1.90, which means the stock's price volatility is nearly double that of the broader market, indicating that price movements in C3is Inc. are highly sensitive to general market fluctuations and sector-specific shipping demand cycles.
Growth & Income
Revenue growth year-over-year is 12.1%, whereas earnings growth is listed as N/A, implying that while top-line revenue is expanding, the bottom-line profitability metrics are either not growing at the same pace or are insufficient to calculate a meaningful growth rate in the current reporting period. Since the company does not pay dividends, the dividend yield is N/A and the payout ratio is 0.0%, meaning the company retains all of its earnings rather than distributing them to shareholders. This 0.0% payout ratio indicates that the company reinvests any available earnings, or in this case, relies on retained earnings and cash reserves to fund operations and potentially future fleet acquisitions. The overall growth and income profile shows a company with solid revenue expansion but limited earnings visibility and no current income distribution for shareholders, characteristic of a growth-oriented but currently cash-negative shipping operator.