Company Overview
OceanPal Inc. operates within the Industrials sector, specifically focusing on the Marine Shipping industry, where it provides global ocean-going transportation services. The company owns and operates a fleet of dry bulk carriers dedicated to moving major commodities such as iron ore, coal, and grains, alongside minor bulks including steel products, cement, and fertilizers. As of the latest available data, the company's market capitalization stands at $600,425, with reported annual revenue of $14.10 million for the trailing twelve months. The employee count is not publicly disclosed in the available information, which limits the ability to gauge direct labor cost efficiency against peers. The market cap figure indicates that the company is a micro-cap entity with very limited market presence, while the revenue figure suggests a small operational scale that is highly sensitive to fluctuations in global shipping volumes and freight rates.
Financial Health
The company reported a revenue of $14.10 million over the trailing twelve months, yet this income was insufficient to cover expenses, resulting in a net income of -$70,000,000 and an EBITDA of -$22,770,000. The significant gap between the $14.10 million revenue and the -$70,000,000 net income reveals a cost structure where operating expenses and non-operating charges vastly exceed total sales, leading to a severe loss position. Regarding cash flow, the company reports N/A for free cash flow, indicating that specific cash generation data is not currently available, which limits the assessment of its immediate financial flexibility for capital expenditures. The gross margin stands at 31.2%, suggesting that the company retains a substantial portion of revenue from its core shipping operations before overheads. However, the operating margin is -269.2% and the profit margin is 0.0%, indicating that overhead costs and other expenses are more than double the gross profit, erasing all profitability at the operating and net levels. On the balance sheet, the company holds $33.20 million in cash against N/A for total debt, with a debt-to-equity ratio listed as N/A. While the specific debt amount is unavailable, the presence of $33.20 million in cash provides a significant liquidity buffer against potential operational losses. The current ratio is 13.35, a metric that indicates an extremely strong short-term liquidity position, as current assets are more than thirteen times greater than current liabilities. Return on Equity is -54.1% and Return on Assets is -14.0%, metrics that reveal management is currently ineffective at generating returns on the capital invested by shareholders or utilized in the company's asset base.
Valuation Assessment
The P/E Ratio (TTM) and Forward P/E are both listed as N/A, reflecting the company's inability to generate positive earnings, which prevents the calculation of traditional earnings-based valuation multiples. The price-to-book ratio is 0.03, a figure that indicates the company's market value is trading at a fraction of its book value, suggesting a deep discount or market skepticism regarding the quality of its assets. The price-to-sales ratio is 0.04, and the EV/EBITDA is 1.23; these alternative metrics suggest that despite the lack of profitability, the market values the company at a very low multiple of its revenue and enterprise value relative to earnings. The 52-week high is $79.25 and the 52-week low is $0.22, meaning the stock has experienced extreme volatility and is currently trading at a price significantly below its recent peak. The beta value is N/A, which implies that data regarding the company's price volatility relative to the broader market is not available for this specific ticker.
Growth & Income
Revenue growth year-over-year is -31.3%, while earnings growth year-over-year is N/A due to the negative earnings position. Since the company is reporting a net loss, the concept of earnings growing faster or slower than revenue is currently moot, but the contraction in revenue indicates a shrinking top line that is exacerbating the negative operating environment. The company does not pay dividends, as evidenced by a dividend yield of N/A and a payout ratio of 0.0%. Because the company generates a net loss, it is mathematically impossible to sustain a dividend payout, confirming that all available cash is retained to support operations or debt obligations rather than being distributed to shareholders. The overall growth and income profile is characterized by significant revenue contraction and a complete absence of profit generation or dividend income, reflecting the challenging operational conditions faced by the marine shipping sector.