2 models fit Capital Clean Energy Carriers Corp. Common Share and they agree: 2 of 2 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Discount(i)Bronze53
Valued as a cyclical company: P/E comparison and Graham number.
ACCE opinionCapital Clean Energy Carriers Corp. Common Share (CCEC)
Fair value (2 models)
$23.60
ACCE price target
$23.00
Rating
Undervalued
Horizon
12 months
Fair value published on 14 Oct 2026, 00:00 CEST; previously $31.67 since 23 Sept 2026, 00:00 CEST.
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Price used: $20.27 at the close on 23 Oct 2026, 22:00 CEST.
Models: Graham number and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
14.1% below
+16.4% to fair value
ACCE score
55
out of 100
Analysts
67% buy
6 covering
P/E
12.2x
forward 7.1x
1-year return
-8.6%
Dividend yield
2.96%
Capital Clean Energy Carriers Corp. Common Share in four questions
Plain answers, details below
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Overview
ACCE thesis
Capital Clean Energy Carriers owns and charters LPG carriers and LNG vessels, with the bulk of its fleet on long-term time charters to oil majors and utilities, so most of its revenue is contracted rather than spot-exposed. Its operating margin of 50.6% and gross margin of 76.8% sit well above typical shipping economics, which reflects the fixed-fee nature of those charters and a modern, low-cost-to-operate fleet. Revenue growth of 8.5% is steady rather than spectacular, and the near-term driver is newbuild deliveries and redeployment of vessels as charters roll over into the energy transition's gas-carrier demand. At a trailing P/E of 12.0 and a forward P/E of 8.2, the market is pricing in an earnings decline or at least no growth from here, which is worth testing against the contract book. The 6.6% ROE is modest and the company carries meaningful debt to fund its fleet, so the question for a deeper look is whether contracted cash flow comfortably covers that leverage through the next charter renewal cycle.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Negative free cash flow
Free cash flow is -$73,279,000 despite a 50.6% operating margin, so reported profits are not turning into cash. Debt/Equity of 1.66 leaves little room to absorb that drain.
moderate
Earnings falling while revenue grows
Earnings fell 6.0% year over year while revenue rose 8.5%, so margins are slipping at the bottom line. Net margin of 28.0% is strong, but the trend is the wrong direction.
moderate
Insider-controlled float
Insiders hold 85.3% of shares and institutions hold only 0.4%. Thin outside ownership can make the stock less liquid and more sensitive to any insider selling.
AI research notes
AI-assisted·How I use AIWritten Oct 18, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 8.5% year over year and has averaged 7.7% annual growth over five years.
The stock trades at 8.2 times forward earnings against a sector median of 23.6 times, a steep discount.
Analysts are bullish, with 67% rating it Buy or Strong Buy, and the mean target sits 26.6% above the current price.
Why it could disappoint
Free cash flow over the last twelve months was negative at -$73M, and the cash yield is -6.0%.
Return on invested capital of 1.1% is thin, and debt stands at 1.66 times equity.
The diluted share count rose 5.7% last year, diluting existing holders' stake in the business.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Oct 29, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where CCEC's valuation models land
Price
$20.27
Model fair value
$23.60
Model range
$22.30 to $26.19
Fair value $23.60
Price $20.27
The price is below the whole model range.
Model
Fair value
Upside
Graham number
P/E comparison
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Quality
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