Bedrijfsoverzicht
Cool Company Ltd. is a specialized operator within the energy sector that focuses on acquiring, owning, and operating liquefied natural gas carriers, alongside chartering these vessels to other entities in the industry. The company operates specifically within the Oil & Gas Midstream industry, a segment dedicated to the transportation and storage of hydrocarbons which is critical for global energy distribution networks. This enterprise currently maintains a market capitalization of $511.23M and generates annual revenue of $327.76M based on trailing twelve-month data, supported by a workforce of 94 employees. The market cap figure indicates a mid-sized public entity with significant operational scale in the LNG logistics space, while the revenue level suggests a mature business model capable of sustaining operations with a relatively lean team. The concentration of 94 employees managing a fleet of twelve LNGCs highlights a capital-intensive asset-light operational structure typical of the midstream sector, where the primary value driver is the owned infrastructure rather than human capital expansion.
Financiële gezondheid
The company reported a revenue of $327.76M for the trailing twelve months, resulting in a net income of $59.13M and an EBITDA of $217.87M. The substantial gap between the $327.76M revenue and the $59.13M net income reveals a significant cost structure comprising operating expenses, interest costs, and non-operating items that reduce the bottom line by over 80% of gross sales. However, the EBITDA figure of $217.87M demonstrates strong underlying cash generation potential before financing and depreciation impacts. Despite the robust EBITDA, the company reports a Free Cash Flow of $-244,986,256, which indicates a period of aggressive capital expenditure or asset acquisition that constrains immediate financial flexibility and cash reserves. On a balance sheet basis, the company holds $117.65M in cash but carries $1.37B in total debt, creating a leverage environment where liabilities significantly exceed liquid assets. This disparity is quantified by a Debt to Equity ratio of 173.79, illustrating a highly leveraged balance sheet typical of asset-heavy shipping firms that rely on debt financing for fleet expansion. Liquidity analysis shows a Current Ratio of 0.85, which signals that current liabilities exceed current assets, suggesting potential short-term liquidity pressures if working capital needs surge. Return on Equity stands at 7.6% while Return on Assets is 4.1%, metrics that indicate management is generating modest returns on the substantial equity and asset base required to operate the LNG fleet.
Waarderingsbeoordeling
Valuation metrics for Cool Company Ltd. show a P/E Ratio (TTM) of 9.21 and a Forward P/E of 10.07. The difference between these ratios implies that the market expects a slight deceleration in earnings growth or a normalization of profit margins that would result in a marginally higher multiple in the coming year. The Price to Book ratio is 0.65, which indicates that the stock trades at a significant discount to its book value, suggesting the market may be pricing in specific risks related to the company's high leverage or the cyclical nature of the shipping market. Alternative valuation metrics further refine this picture: the Price to Sales ratio is 1.56 and the EV/EBITDA is 8.11, suggesting the company is valued at a moderate multiple relative to its sales and earnings power despite its debt load. Price action data reveals a 52-Week High of $10.00 and a 52-Week Low of $4.51. To determine the current price position, one must note the stock is trading at a discount relative to the $10.00 high, specifically situated within the range defined by the $4.51 low and the $10.00 high. The Beta value is -0.69, which is a negative coefficient indicating that the stock price moves inversely to the broader market, offering a unique hedging characteristic against general market volatility.
Growth & Income
Growth metrics indicate a Revenue Growth (YoY) of 5.2% and an Earnings Growth (YoY) of 35.2%. The earnings growth rate of 35.2% is growing significantly faster than the revenue growth rate of 5.2%, which implies that the company is benefiting from operational efficiencies, margin expansion, or a favorable shift in its earnings mix rather than pure volume expansion. Regarding income distribution, the company offers a Dividend Yield of 6.2% with a Payout Ratio of 53.3%. This payout ratio suggests that the company distributes more than half of its net income to shareholders, a level that must be monitored given the negative free cash flow and high debt obligations to ensure sustainability. The high dividend yield coupled with the 53.3% payout ratio creates a scenario where the company is prioritizing shareholder returns despite reinvestment needs, relying on operating cash flows and potentially debt refinancing to fund the dividend. In summary, the company presents a profile of modest revenue expansion paired with accelerated earnings growth and a high-yield dividend, though investors must weigh the income against the liquidity constraints indicated by the negative free cash flow.