Intercont (cayman) Ltd is a US-listed company in the marine transportation industry. Its financial year ends in June.
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Third-party market data · may be delayed
Under review: every model's value for Intercont (cayman) Ltd is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.
Under review: share count (0m) is 0.0093x the cover-page count (27m). We'll show the comparison once resolved.
Intercont (cayman) Ltd valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $25m. Free-cash-flow margin held at -26.1%. The diluted share count is up 3.4% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 6 financial-health checks.
Our model value for Intercont (cayman) is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Intercont (cayman) Ltd's trailing-twelve-month revenue grew 1.2% year on year, with a free-cash-flow margin of -26.1%. Where it stands out: days sales outstanding of 4 days ranks 2 of 33 marine transportation companies we cover. Where it lags: operating margin of -25.9% ranks 40 of 40 marine transportation companies we cover.
Our discounted-cash-flow model values the business at ~$260 per share in the base case (~$190–$340 across growth scenarios) — model values under stated assumptions, not a price target.
Current signal Operating margin compressing: TTM operating margin fell to -25.9%, down 45.4pp year over year.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Nothing in Intercont (cayman) Ltd's latest figures clears our strength thresholds.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for NCT from the sources we follow. See filings →
Our value per share comes from a discounted-cash-flow model of Intercont (cayman) Ltd's free cash flow after stock-based pay ( $3.7M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.
| At fiscal year end | 2025 | 2026 |
|---|---|---|
| Share price | $2062.50 | $81.50 |
| Market value | $493m | $20m |
| + Net debt (− = net cash) | −$3m | −$2m |
| Enterprise value | $490m | $18m |
| Multiples | ||
| Price / sales | 19.6x | 0.8x |
| Price / earnings | 158.8x | — |
| Price / free cash flow | 77.7x | — |
| EV / EBITDA | 57.0x | — |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
No analyst estimates are published for Intercont (cayman) Ltd: too few analysts cover it.
| Calendar year | 2026 to date |
|---|---|
| Return | |
| NCT | −99% |
| Industry peers (median) | +33% |
| S&P 500 | +11% |
| Months that ended higher | |
| NCT | 46% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| NCT | −99% |
| S&P 500 | −9% |
Worst fall since March 28, 2025: 100% from April 15, 2025 to October 23, 2026. Getting back needed a 397221% gain, and the shares have not yet recovered.
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q4 | $32.4M |
| FY24 Q4 | $25.5M |
| FY25 Q4 | $25.1M |
| FY26 Q4 | $25.4M |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q4 | 41.6% |
| FY24 Q4 | 19.9% |
| FY25 Q4 | 19.5% |
| FY26 Q4 | -25.9% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q4 | 4.8% |
| FY24 Q4 | 22.8% |
| FY25 Q4 | 25.3% |
| FY26 Q4 | -26.1% |
| Fiscal year | 2023 Jun 2023 | 2024 Jun 2024 | 2025 Jun 2025 | 2026 Jun 2026 |
|---|---|---|---|---|
| Income | ||||
| Revenue | 32 | 26 | 25 | 25 |
| Gross profit | 14 | 7 | 8 | 6 |
| EBITDA | 17 | 9 | 9 | −3 |
| Operating income | 14 | 5 | 5 | −7 |
| Net income | 11 | 3 | 3 | −11 |
| Diluted EPS | $250.00 | $13.21 | $12.99 | −$43.16 |
| Growth (year on year) | ||||
| Revenue | — | −21.3% | −1.5% | +1.2% |
| EBITDA | — | −48.6% | −1.5% | −133.6% |
| Operating income | — | −62.4% | −3.5% | −234.5% |
| Net income | — | −71.1% | −1.1% | −443.7% |
| Diluted EPS | — | −94.7% | −1.7% | −432.3% |
| Margins | ||||
| Gross margin | 44.3% | 28.8% | 31.2% | 21.9% |
| EBITDA margin | 52.3% | 34.2% | 34.2% | −11.4% |
| Operating margin | 41.6% | 19.9% | 19.5% | −25.9% |
| Net margin | 33.5% | 12.3% | 12.3% | −42.0% |
| Free-cash-flow margin | 4.8% | 22.8% | 25.3% | −26.1% |
| Cash flow | ||||
| Cash from operations | 14 | 6 | 7 | −5 |
| Capital spending | 12 | 1 | 1 | 1 |
| Free cash flow | 2 | 6 | 6 | −7 |
| Balance sheet | ||||
| Cash | 3 | 4 | 6 | 3 |
| Total debt | 0 | 5 | 3 | 1 |
| Net debt (negative = net cash) | −3 | 1 | −3 | −2 |
| Diluted shares | — | — | — | — |
| Returned to shareholders | ||||
| Dividends | 4 | 12 | — | — |
| Total returned | 4 | 12 | — | — |
| Last 12 months unless stated | NCT | RUBI | TORO | CISS | USEA | PXS | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $25m | $24m | $21m | $35m | $38m | $39m | $329m |
| Revenue growth, last 12 months | 1.2% | −2.8% | −5.9% | −17.8% | −16.8% | −24.3% | 0.8% |
| Operating margin | −25.9% | 52.7% | −22.1% | 3.9% | −1.2% | 15.2% | 18.6% |
| Net margin | −42.0% | 11.2% | 28.1% | 30.1% | −16.4% | 5.1% | 13.3% |
| Cash from operations / revenue | −21.0% | 48.2% | −30.1% | 11.5% | 5.9% | 34.9% | 33.1% |
| Free-cash-flow margin | −26.1% | −36.6% | −346.8% | 11.0% | 4.1% | 15.5% | 14.2% |
| Stock pay / revenue | — | — | 17.0% | 1.1% | 1.3% | 0.7% | 0.7% |
| Change in share count | 3.4% | 312.6% | 2.8% | >999% | 1.8% | −1.0% | 0.5% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 1.2% | 0.8% | 19 of 40 |
| Change in growth rate Growth | +2.7pp | +0.7pp | 15 of 40 |
| Gross margin Profitability | 21.9% | 62.3% | 7 of 10 |
| Operating margin Profitability | -25.9% | 19.8% | 40 of 40 |
| Net margin Profitability | -42.0% | 13.4% | 42 of 42 |
| Free-cash-flow margin Cash generation | -26.1% | 13.6% | 35 of 41 |
| Long-term debt as % of assets Balance sheet | 2.3% | 24.2% | 3 of 35 |
| Change in share count Balance sheet | 3.4% | 0.5% | 31 of 39 |
| Days sales outstanding Balance sheet | 4 days | 19 days | 2 of 33 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Xtx Topco Ltd | $33,399 | 10K | 100.0% | — |
| Barclays PLC | $13 | 0K | 0.0% | — |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Intercont (cayman) Ltd's complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Zhu Muchun CEO and Chairman | September 25, 2026 | Buy | 1,625,000 | $0.40 | $650,000 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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