Latest Ratios: P/E Ratio 0.9x · EV/EBITDA 2.2x · ROE 21.7%. (2021–2023 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Market Cap | $3M | — | — | — |
| Enterprise Value | $26M | — | — | — |
| P/E Ratio → | 0.88 | — | — | — |
| P/S Ratio | 0.12 | — | — | — |
| P/B Ratio | 0.26 | — | — | — |
| P/FCF | 0.47 | — | — | — |
| P/OCF | 0.47 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| EV / Revenue | — | — | — | — |
| EV / EBITDA | 2.20 | — | — | — |
| EV / EBIT | 5.04 | — | — | — |
| EV / FCF | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Gross Margin | 28.8% | 28.8% | 44.3% | 33.1% |
| Operating Margin | 19.9% | 19.9% | 41.6% | 30.4% |
| Net Profit Margin | 12.3% | 12.3% | 33.5% | 27.1% |
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ROE | 21.7% | 21.7% | 75.3% | 77.6% |
| ROA | 4.3% | 4.3% | 14.6% | 12.3% |
| ROIC | 9.1% | 9.1% | 24.0% | — |
| ROCE | 13.5% | 13.5% | 31.7% | 24.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Debt / Equity | 2.41 | 2.41 | 1.97 | 3.11 |
| Debt / EBITDA | 2.26 | 2.26 | 1.79 | 2.28 |
| Net Debt / Equity | — | 2.06 | 1.78 | 2.15 |
| Net Debt / EBITDA | 1.94 | 1.94 | 1.62 | 1.58 |
| Debt / FCF | — | 3.48 | 2.36 | 2.31 |
| Interest Coverage | 2.16 | 2.16 | 5.01 | 7.12 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Current Ratio | 0.14 | 0.14 | 0.48 | 0.38 |
| Quick Ratio | 0.14 | 0.14 | 0.48 | 0.38 |
| Cash Ratio | 0.11 | 0.11 | 0.10 | 0.36 |
| Asset Turnover | — | 0.39 | 0.40 | 0.45 |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | 11.47 | 143.35 | 0.01 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Dividend Yield | 100.0% | — | — | — |
| Payout Ratio | 375.8% | 375.8% | 35.6% | — |
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Earnings Yield | 100.0% | — | — | — |
| FCF Yield | 100.0% | — | — | — |
| Buyback Yield | 0.0% | — | — | — |
| Total Shareholder Yield | 100.0% | — | — | — |
| Shares Outstanding | — | $989109 | $989109 | $989109 |
Operational pivot execution failure
According to current market data, NCT trades at a P/S ratio of 0.12 and a P/B of 0.26, suggesting that investors are pricing the company as a distressed asset rather than a viable industrial startup despite the upcoming Q1 2025 launch of its seaborne pulping initiative.
The extremely low valuation multiples imply that the market has largely written off the company's core shipping business and remains skeptical of the value-add from the Openwindow subsidiary. This pricing suggests that any potential upside is contingent upon successful operational execution, which currently lacks a track record to justify a higher multiple.
As reported in financial statements, NCT maintains a 28.79% gross margin, yet the 21.32% year-over-year revenue contraction indicates that the company's operating leverage is currently strained by the high fixed-cost burden inherent in its three leased vessels and limited fleet scale.
The 19.90% operating margin reflects a lean corporate structure, but this efficiency may be illusory if the company cannot stabilize its top-line revenue. Investors should monitor whether the transition to specialized industrial processing can improve these margins or if it will introduce new, higher-cost operational complexities.
Based on reported figures, NCT maintains a low debt-to-equity ratio of 2.41%, which provides a significant buffer against interest rate volatility, though this metric may understate the true financial obligations associated with the company's reliance on three leased vessels versus only one owned unit.
While the low debt profile is a positive indicator of financial health, the fixed lease obligations represent a form of off-balance-sheet leverage that could become burdensome if charter rates continue to soften. The company's ability to service these commitments without dilutive financing remains a critical area for further investigation.
As noted in industry-standard accounting interpretations, the most commonly misapplied metric for NCT is the debt-to-equity ratio, which obscures the material impact of fixed lease obligations that are not fully captured in traditional balance sheet leverage ratios for small-scale maritime operators.
Relying solely on the 2.41% debt-to-equity ratio provides a false sense of security regarding the company's fixed-cost exposure. Analysts should instead focus on lease-adjusted leverage metrics to better understand the true cash flow requirements and liquidity risks inherent in the current fleet structure.
Includes 30+ ratios · 3 years · Updated daily
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Quick answers to the most common questions about buying NCT stock.
Intercont (Cayman) Limited Ordinary shares's current P/E ratio is 0.9x. This places it at the 50th percentile of its historical range.
Intercont (Cayman) Limited Ordinary shares's current EV/EBITDA is 2.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Intercont (Cayman) Limited Ordinary shares's return on equity (ROE) is 21.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 58.2%.
Based on historical data, Intercont (Cayman) Limited Ordinary shares is trading at a P/E of 0.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Intercont (Cayman) Limited Ordinary shares's current dividend yield is 100.00% with a payout ratio of 375.8%.
Intercont (Cayman) Limited Ordinary shares has 28.8% gross margin and 19.9% operating margin. Operating margin between 10-20% is typical for established companies.
Intercont (Cayman) Limited Ordinary shares's Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.