Analyzing Castor Maritime (CTRM) and Its Rivals

Castor Maritime (NASDAQ:CTRM) is one of 79 publicly-traded companies in the “Marine Transportation” industry, but how does it compare to its competitors? We will compare Castor Maritime to similar businesses based on the strength of its profitability, earnings, dividends, institutional ownership, valuation, analyst recommendations and risk.

Insider and Institutional Ownership

1.1% of Castor Maritime shares are owned by institutional investors. Comparatively, 30.8% of shares of all “Marine Transportation” companies are owned by institutional investors. 28.2% of shares of all “Marine Transportation” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Risk and Volatility

Castor Maritime has a beta of 1.38, meaning that its share price is 38% more volatile than the S&P 500. Comparatively, Castor Maritime’s competitors have a beta of 1.14, meaning that their average share price is 14% more volatile than the S&P 500.

Profitability

This table compares Castor Maritime and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Castor Maritime	109.09%	4.69%	3.51%
Castor Maritime Competitors	32.41%	15.08%	7.32%

Earnings & Valuation

This table compares Castor Maritime and its competitors revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Castor Maritime	$81.81 million	$19.27 million	0.81
Castor Maritime Competitors	$3.77 billion	$351.16 million	12.36

Castor Maritime’s competitors have higher revenue and earnings than Castor Maritime. Castor Maritime is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Castor Maritime and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Castor Maritime	0	1	0	0	2.00
Castor Maritime Competitors	447	1648	1705	96	2.37

As a group, “Marine Transportation” companies have a potential upside of 24.22%. Given Castor Maritime’s competitors stronger consensus rating and higher possible upside, analysts plainly believe Castor Maritime has less favorable growth aspects than its competitors.

Summary

Castor Maritime competitors beat Castor Maritime on 11 of the 13 factors compared.

Castor Maritime Company Profile

Castor Maritime Inc. is an international shipping company that owns and operates vessels used to transport commodities by sea. Its business has focused primarily on dry bulk shipping, moving cargoes such as grain, coal and iron ore for customers around the world. Founded in 2017 and based in Limassol, Cyprus, the company has expanded and adjusted its fleet over time. In 2023, it completed the spin-off of Toro Corp., a separate shipping company that received Castor’s tanker and certain other maritime operations.