Update shared on03 Sep 2025
Fair value Decreased 28%Despite a strong upward revision in revenue growth forecasts and a substantially lower future P/E multiple, the consensus analyst price target for Diana Shipping has fallen markedly from $4.00 to $2.90.
What's in the News
- Entered into multiple new time charter contracts for its Ultramax, Post-Panamax, Kamsarmax, and Ice Class Panamax vessels, with gross charter rates ranging from USD 9,000 to USD 14,250 per day and anticipated gross revenues per contract from approximately USD 3.28 million to USD 5.64 million.
- All recent charters are expected to commence between early June and mid-August, with minimum durations through mid-2026 and some extending up to late 2026.
- Fleet currently stands at 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax, and 9 Ultramax), with combined carrying capacity (excluding two on order) of around 4.1 million dwt and a weighted average age just under 12 years.
- Company expects delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels in the second half of 2027 and first half of 2028.
Valuation Changes
Summary of Valuation Changes for Diana Shipping
- The Consensus Analyst Price Target has significantly fallen from $4.00 to $2.90.
- The Consensus Revenue Growth forecasts for Diana Shipping has significantly risen from 1.8% per annum to 10.9% per annum.
- The Future P/E for Diana Shipping has significantly fallen from 12.04x to 4.22x.
Disclaimer
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