Capital Clean Energy Carriers Corp.

AI-generated fair value estimate for this company.

Method: DCF on unlevered FCF to firm: FY2025 base EBITDA ~$355M (net income $170.76M + ~$88M D&A + ~$100M interest) growing to ~$600M by 2030 as 14 newbuild LNG/multi-gas carriers deliver (in-water fleet 19 vessels growing to ~33, $2.9B firm contracted revenue backlog, average 6.5yr LNG charter duration); explicit capex 2026-2029 declining from $500M/yr to $160M/yr normalized maintenance/replacement capex (approximating steady-state D&A for the larger fleet); WACC 9%, terminal growth 2%; net debt $2,686.2M and 60.29M shares outstanding as of Q2 2026

Reasoning: DCF chosen over a dividend discount model because CCEC retains nearly all cash flow to fund a large newbuild program through 2029 (the $0.60/share annual dividend is a small fraction of underlying earnings power), so a normalized unlevered FCF DCF better captures the step-change in cash generation once the contracted fleet buildout completes and capex falls to maintenance levels