C3is Inc. Common Stock (CISS)

FairStock Score: 75/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I look first for a durable business, then a margin of safety. C3is is a small seaborne transporter: three dry bulk carriers and one Aframax crude tanker. Shipping is a commodity business; rates are set by global trade, not by any moat. In the latest reported quarter, fiscal Q2 2026, revenue was $24.0 million, net income $10.0 million, and margin 41.52%. That is impressive, but one quarter does not make a franchise. The supplied growth picture is mixed - revenue is growing while profit is falling sharply - though the period is not specified. FairStock's calculations put ROE at 22.27%, ROCE at 7.49%, and debt-to-equity at 0.00, which sounds healthy. Trailing free cash flow is $13.9 million, and the FCF yield is 955.2% against a $1.5 million market cap at the $0.63 close on 2026-10-13. That is not just cheap; it is almost impossible to believe. The Graham Number is $4448.49 with a 99.99% margin of safety, and EV/EBITDA is 0.03, but the Piotroski F-Score is only 4/9 and the Altman Z-Score is 0.70, pointing to distress. A 52-week range of $0.08 to $48.60 and no Lynch category - because there are only 0 years of filed results, not the needed 3 - tell me the data are unstable. I would need to understand share count, dilution, and filing quality before treating any valuation gap as real. The business may be cheap, but it is not a safe, predictable compounding machine.

In plain English: C3is moves cargo by sea with dry bulk ships and a crude oil tanker. In its latest reported quarter, fiscal Q2 2026, it earned $24.0 million of revenue and $10.0 million of net income, but the business is very small, thinly followed, and its numbers jump around a lot. The stock price looks very cheap against some calculated values, but those calculations may not be reliable given the company's short filing history and signs of financial risk.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer