Deep Value: cash covers more than 100% of the stock price

This company holds roughly $225M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Imperial Petroleum

IMPP

Oil & Gas Midstream · Energy

Exchange

NASDAQ

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Good

Growth

Good

Cash Flow

Exceptional

Stability

Good

Valuation

Strong

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Winston Score History

The full picture

Imperial Petroleum Inc. is a shipping company based in Greece that transports oil and petroleum products around the world. It owns a fleet of tanker ships, including product tankers and crude oil tankers, and earns money by carrying cargo for oil companies, refiners, and energy traders. It operates in the global seaborne energy transportation industry.

The company makes money by charging customers daily hire rates — called charter rates — to use its ships, either on short-term spot contracts or longer fixed-rate agreements. Imperial Petroleum is a relatively small operator with a market cap around $200 million, competing in a fragmented industry dominated by much larger tanker fleets. Charter rates can swing sharply based on global oil demand, geopolitical events, and the overall supply of available tankers, making revenue highly unpredictable — that volatility is the main risk the business faces going forward.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+92.3% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+87.5% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

36.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$225M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Imperial Petroleum grew revenue 92% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

45.9%

Healthy — 45.9% gross margin

Profit after running costs

Operating Margin

42.9%

Excellent — 42.9% operating margin

Return on the money invested

ROCE

10.5%

Below par — 10.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+37.8%

Fast-growing sales (+37.8% YoY)

Profit growth

EPS YoY

+16.7%

Earnings growing fast (+16.7% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

146%

Turns 146% of profit into real cash

Spare cash per sale

FCF Margin

50.2%

Converts sales into free cash efficiently (50.2%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

30.41x

Comfortably covers interest (30.4x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

3.1x

no trend

Attractive valuation — P/E 3.1

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

+1.3

GROWING

Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Not applicable for this business.

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