Imperial Petroleum Inc. Common Shares (IMPP)

FairStock Score: 80/100 — HIGH CONVICTION

Key Financials

AI Analysis

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

As a value investor, I start with the business. Imperial Petroleum is a small seaborne transporter: seven medium-range product tankers, two Suezmax crude tankers, and four handysize dry bulk carriers. That is a cyclical, capital-intensive trade with little pricing power; the moat is thin and depends on fleet utilization and spot rates. Still, the numbers at the close on 2026-10-13 are striking. Market cap is $160.1M. FairStock calculates a P/E of 2.90, P/B of 0.45, EV/EBITDA of 1.26, and a 72.0% TTM FCF yield on $115.3M of trailing free cash flow. Its Graham Number is $23.51 versus a $5.54 price, a 76.44% margin of safety. In fiscal Q2 2026, the company reported revenue of $87.1M and net income of $34.8M, a 39.92% net margin. Debt is zero (D/E 0.00), ROE is 13.46%, ROCE is 6.66%, and the Altman Z-Score is 2.92. The Piotroski F-Score is 6/9 — decent, not pristine. The FairStock Score is 80/100. The Lynch category is 'none' because only 0 years of filed results are available and three are needed; that lack of history matters. A Graham-style bargain must also survive the cycle. Shipping earnings can vanish when freight rates normalize, and a tiny, newly public operator has limited proof through a full downturn. I would not confuse a statistical bargain with a wide-moat compounder. The price is cheap, but the quality and durability are unproven.

In plain English: Imperial Petroleum owns and operates tanker and dry bulk ships that carry oil products, crude oil, and bulk goods like grains. The latest quarter was profitable and the company has no debt, which makes the business look financially solid. The stock price looks low compared with the company’s reported profits and asset value, but shipping is a boom-and-bust business, so cheap can stay cheap if rates fall.

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