CAPITAL PROPERTIES INC /RI/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CAPITAL PROPERTIES INC /RI/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	5.02	5.12	5.25	5.33	5.17	4.59	4.81
General and administrative	1.41	1.48	2.25	1.65	1.27	1.31	1.42	1.34	1.39	1.45
Operating expenses	0.87	0.84	1.32	0.94
Interest expense	0.7
Pre-tax income	2.03	2.22	1.57	0.91	3.39	2.72	2.54	2.82	3.25	3.23
Income tax	0.76	0.87	0.4	0.19	0.95	0.73	0.71	0.77	0.9	0.89
Income from continuing operations	1.27	1.35	1.17	0.72	2.43	1.98	1.84	2.04	2.35	2.34
Net income	2.16	1.83	6	1.26	2.48	1.98	1.84	1.79	2.33	2
EPS, basic	0.33	0.28	0.91	0.19	0.38	0.30	0.28	0.27	0.35	0.30
EPS, diluted	0.33	0.28	0.91	0.19	0.38	0.30	0.28	0.27	0.35	0.30
Shares, basic (weighted)	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6
Shares, diluted (weighted)	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6
Dividend per share		0.07	0.07

Balance sheet

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	2.23	3.12	5.2	1.15	1.26	1.64	1.44	1.48	0.65	0.85
Property, plant and equipment	9.32	9.13	8.95	6.95	6.85	6.76	6.67	6.58	6.5	6.41
Total assets	22.7	23.6	15.2	8.53	8.6	8.68	8.42	8.42	8.95	9.05
Total liabilities	17.4	16.6	2.55	1.45	2.01	1.5	1.25	1.3	1.36	1.31
Paid-in capital	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78
Retained earnings	4.4	6.22	11.8	6.23	5.74	6.33	6.33	6.26	6.74	6.9
Shareholders' equity	5.25	7.07	12.6	7.07	6.59	7.18	7.17	7.11	7.59	7.75
Total equity	5.25	7.07	12.6	7.07	6.59	7.18	7.17	7.11	7.59	7.75
Total liabilities and equity	22.7	23.6	15.2	8.53	8.6	8.68	8.42	8.42	8.95	9.05
Shares outstanding	6.6	6.56	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6

Cash flow statement

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	2.16	1.83	6	1.26	2.48	1.98	1.84	1.79	2.33	2
Depreciation and amortization	0.22	0.2	0.19	0.17	0.1	0.09	0.09	0.09	0.09	0.09
Deferred income tax	0.07	-0.1	-0.28	-0.47	-0.03	-0.08	0.03	0.01	0.01
Cash from operations	1.63	2.21	-6.52	2.22	2.54	2.07	1.75	2.1	2.3	2.48
Capital expenditures	-0.26	-0.01	-0.01
Purchases of investments				-2.03					-1.24	-1.29
Sales and maturities of investments				2.03						1.24
Cash from investing		-0.13	19.7	0.52	0.55	-0.3	-0.1	-0.22	-1.27	-0.43
Debt repaid	-2.85
Dividends paid				-7.26	-2.97	-1.39	-1.85	-1.85	-1.85	-1.85
Cash from financing	-2.85	-1.18	-11.1	-6.8	-2.97
Net change in cash	-0.7	0.9	2.08	-4.06	0.12	0.38	-0.2	0.03	-0.82	0.2
Free cash flow	1.37	2.2	-6.53
Interest paid	0.65	0.56	0.16
Income taxes paid	1.36	1.64	7.43	0.85	0.99	0.7	0.68	0.62	0.91	0.7

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $15.00 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	27.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	26.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	22.3%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	-13.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	2.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-4.2%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-14.3%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	2.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-4.6%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	7.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	12.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-0.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	2.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	2.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	3.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	1.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	1.0%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	14.4%	Total liabilities / total assets.
Tangible book value	$7.7M	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.30	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$0.30	Net income per basic share, as reported (split-adjusted).
Operating cash flow per share	$0.38	Cash from operations / diluted weighted shares.
Book value per share	$1.17	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$1.17	Tangible book value / shares outstanding.
Cash per share	$0.13	(Cash + short-term investments) / shares outstanding.
Payout ratio	92.3%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$99.0M	Share price x shares outstanding.
Enterprise value	$98.1M	Market cap + total debt - cash - short-term investments.
P/E	49.4x	Market cap / net income. Only when net income is positive.
P/B	12.8x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	12.8x	Market cap / tangible book value, when positive.
P/OCF	40.0x	Market cap / cash from operations, when positive.
Earnings yield	2.0%	Net income / market cap (the inverse of P/E).
Dividend yield	1.9%	Dividends paid over the period / market cap.
Shareholder yield	1.9%	(Dividends paid + share buybacks) / market cap.
PEG	21.2x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was CAPITAL PROPERTIES INC /RI/ profitable in fiscal 2024?

Yes. Net income was $2.0M, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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