Imperial Petroleum Inc./Marshall Islands (IMPPP)

Deep Sea Foreign Transportation of Freight

Latest Price

$25.98

TTM P/E

Normalized P/E

Div Yield

Book Value

P/B Ratio

Valuation metrics

EPS: $1.29

Book value / share: $11.89

Formula: √(22.5 × EPS × BVPS)

Graham Number

$18.58

28% downside

Norm. op. income: $40M (median of 5yr)

Tax rate: 25%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$6.83

74% downside

Base FCF: $28M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$10.92

58% downside

EPS: $1.29

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$19.35

26% downside