Industrials -
Marine Shipping - NASDAQ - CY
$ 2.13
-2.75 %
$ 20.6 M
Market Cap
0.57
P/E
1. INTRINSIC VALUE
FINANCIALS
Balance Sheet
Castor Maritime Inc.
| Current Assets | 242 M |
| Cash & Short-Term Investments | 188 M |
| Receivables | 8.57 M |
| Other Current Assets | 45.2 M |
| Non-Current Assets | 363 M |
| Long-Term Investments | 118 M |
| PP&E | 230 M |
| Other Non-Current Assets | 15.7 M |
| Current Liabilities | 28.6 M |
| Accounts Payable | 2.83 M |
| Short-Term Debt | 17.7 M |
| Other Current Liabilities | 8.09 M |
| Non-Current Liabilities | 65.7 M |
| Long-Term Debt | 65.7 M |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Castor Maritime Inc.
| Revenue | 97.5 M |
| Cost Of Revenue | 69 M |
| Gross Profit | 28.5 M |
| Operating Expenses | 12.8 M |
| Operating Income | 22 M |
| Other Expenses | 705 K |
| Net Income | 21.3 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Castor Maritime Inc.
| Net Income | 21.3 M |
| Depreciation & Amortization | 23 M |
| Capital Expenditures | -623 K |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -12.8 M |
| Others | 5.77 M |
| Free Cash Flow | 42 M |
Wall Street Analysts Price Targets
Castor Maritime Inc.
CTRM has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
CTRM does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Castor Maritime Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Eclipse
LIMASSOL, Cyprus, March 28, 2025 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on March 24, 2025, it completed the previously announced sale of the M/V Magic Eclipse, a 2011-built Panamax bulk carrier vessel by delivering the vessel to its new owner.
globenewswire.com
- 1 month ago
Castor Maritime Inc. Announces the Sale of the M/V Magic Eclipse and of the M/V Magic Callisto for an Aggregate $28.0 Million
LIMASSOL, Cyprus, March 21, 2025 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping and energy company, announces that in March 2025, the Company entered into two separate agreements with entities beneficially owned by a family member of our Chairman, Chief Executive Officer and Chief Financial Officer for the sale of the M/V Magic Eclipse, a 2011-built Panamax bulk carrier vessel, and the M/V Magic Callisto, a 2012-built Panamax vessel, for a combined price of $28.0 million. The terms of each transaction were negotiated and approved by a special committee of our disinterested and independent directors. The vessels are expected to be delivered to their new owners during the remainder of the first half of 2025.
globenewswire.com
- 1 month ago
Castor Maritime Inc. Announces the Acquisition of a Majority Stake in MPC Münchmeyer Petersen Capital AG
LIMASSOL, Cyprus, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on December 12, 2024, it entered, through a wholly owned subsidiary, into an Share Purchase Agreement (“SPA”) with MPC Münchmeyer Petersen & Co. GmbH (“MPC Holding”) for the acquisition of 26,116,378 shares representing 74.09% of the shares of the Frankfurt-listed investment and asset manager MPC Münchmeyer Petersen Capital AG (Deutsche Börse, Scale, ISIN DE000A1TNWJ4) (“MPC Capital”).
globenewswire.com
- 4 months ago
Castor Maritime Inc. Announces the Sale of the M/V Ariana A for a Price of $16.5 Million
LIMASSOL, Cyprus, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on November 13, 2024, it entered, through a separate wholly-owned subsidiary, into an agreement with an unaffiliated third party for the sale of the M/V Ariana A, a 2005-built 2,700 TEU containership vessel, for a price of $16.5 million. The vessel is expected to be delivered to its new owner during the first quarter of 2025.
globenewswire.com
- 4 months ago
Castor Maritime Inc. Reports Net Income of $2.8 Million for the Three Months Ended September 30, 2024 and Net income of $48.0 Million for the Nine Months Ended September 30, 2024
LIMASSOL, Cyprus, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months and nine months ended September 30, 2024.
globenewswire.com
- 5 months ago
Castor Maritime Inc. Announces Delivery of the M/V Raphaela
LIMASSOL, Cyprus, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on October 3, 2024, it took delivery of the M/V Raphaela, the 2008-built 1,850 TEU containership vessel it had agreed to acquire as previously announced on September 10, 2024. The vessel acquisition was financed in its entirety with cash on hand.
globenewswire.com
- 6 months ago
Castor Maritime Inc. Reports Net Income of $22.9 Million for the Three Months Ended June 30, 2024 and Net income of $45.2 Million for the Six Months Ended June 30, 2024
LIMASSOL, Cyprus, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months and six months ended June 30, 2024.
globenewswire.com
- 8 months ago
Pennies to Retirement Riches: 3 Low-Priced Stocks to Buy and Hold for Decades
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investorplace.com
- 10 months ago
Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Horizon
LIMASSOL, Cyprus, May 28, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on May 28, 2024, it completed the previously announced sale of the M/V Magic Horizon, a 2010-built Panamax bulk carrier vessel, for a price of $15.8 million, by delivering the vessel to its new owner.
globenewswire.com
- 11 months ago
Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Vela
LIMASSOL, Cyprus, May 23, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on May 23, 2024, it completed the previously announced sale of the M/V Magic Vela, a 2011-built Panamax bulk carrier vessel, for a price of $16.4 million, by delivering the vessel to its new owner.
globenewswire.com
- 11 months ago
Castor Maritime Inc. Reports Net Income of $22.3 Million for the Three Months Ended March 31, 2024
LIMASSOL, Cyprus, May 16, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months ended March 31, 2024.
globenewswire.com
- 11 months ago
Castor Maritime Inc. Extends Tender Offer to Purchase its Outstanding Common Share Purchase Warrants Issued on April 7, 2021
LIMASSOL, Cyprus, May 16, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces today that it has extended the expiration date of its previously announced tender offer (the “Offer”) to purchase all of its outstanding Common Share Purchase Warrants issued on April 7, 2021 (the “Warrants”). The Offer is now scheduled to expire at 5:00 P.M. Eastern Time on May 31, 2024, unless further extended.
globenewswire.com
- 11 months ago
8. Profile
Summary
Castor Maritime Inc. CTRM
COUNTRY
CY
INDUSTRY
Marine Shipping
MARKET CAP
$ 20.6 M
Dividend Yield
0.00%
Description
Castor Maritime Inc. provides shipping services worldwide. The company operates through three segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. It offers seaborne transportation services for dry bulk cargo; commodities, such as iron ore, coal, soybeans, etc.; and crude oil and refined petroleum products. As of December 31, 2021, the company owned and operated a fleet of 29 vessels primarily consisting of two Handysize tanker vessels, seven Aframax/LR2 tanker vessels, and 14 dry bulk vessels. Castor Maritime Inc. was incorporated in 2017 and is based in Limassol, Cyprus.
Contact
223 Christodoulou Chatzipavlou Street, Limassol, 3036
https://www.castormaritime.com
IPO
Date
Feb. 11, 2019
Employees
1
Officers
Mr. Petros Panagiotidis
Founder, Chairman, Chief Executive Officer, Chief Financial Officer, President & Treasurer
Mr. Dionysios E. Makris
Secretary & Independent Non-Executive Director