View ValuationPerformance Shipping 将来の成長Future 基準チェック /36Performance Shipping利益と収益がそれぞれ年間16.6%と24.1%増加すると予測されています。EPS は年間 減少すると予想されています。自己資本利益率は 3 年後に16.4% 55.8%なると予測されています。主要情報16.6%収益成長率-55.84%EPS成長率Shipping 収益成長4.3%収益成長率24.1%将来の株主資本利益率16.40%アナリストカバレッジLow最終更新日23 Jan 2025今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • May 05New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 75% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (75% accrual ratio). Minor Risks High level of debt (54% net debt to equity). Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (€19.4m market cap, or US$22.6m).New Risk • Apr 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€20.7m market cap, or US$23.9m).Reported Earnings • Mar 06Full year 2025 earnings released: EPS: US$3.87 (vs US$3.39 in FY 2024)Full year 2025 results: EPS: US$3.87 (up from US$3.39 in FY 2024). Revenue: US$84.2m (down 3.7% from FY 2024). Net income: US$48.1m (up 15% from FY 2024). Profit margin: 57% (up from 48% in FY 2024). Revenue is forecast to grow 24% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.Reported Earnings • Nov 26Third quarter 2025 earnings released: EPS: US$0.28 (vs US$0.96 in 3Q 2024)Third quarter 2025 results: EPS: US$0.28 (down from US$0.96 in 3Q 2024). Revenue: US$18.5m (down 19% from 3Q 2024). Net income: US$3.45m (down 71% from 3Q 2024). Profit margin: 19% (down from 52% in 3Q 2024). Revenue is forecast to grow 25% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.Board Change • Nov 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Alex Papageorgiou was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 05Performance Shipping Inc., Annual General Meeting, Dec 03, 2025Performance Shipping Inc., Annual General Meeting, Dec 03, 2025, at 12:00 GTB Standard Time. Location: 373 syngrou avenue, 175 64 palaio faliro, athens, greece, GreeceBoard Change • May 07Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Alex Papageorgiou was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Mar 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Alex Papageorgiou was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 21Full year 2024 earnings released: EPS: US$3.39 (vs US$5.43 in FY 2023)Full year 2024 results: EPS: US$3.39 (down from US$5.43 in FY 2023). Revenue: US$87.4m (down 20% from FY 2023). Net income: US$41.9m (down 26% from FY 2023). Profit margin: 48% (down from 52% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat.お知らせ • Nov 20Performance Shipping Inc., Annual General Meeting, Dec 17, 2024Performance Shipping Inc., Annual General Meeting, Dec 17, 2024, at 17:00 GTB Standard Time. Location: at watson farley & williams, 348 syngrou avenue, kallithea 176-74, athens, Greeceお知らせ • Oct 26Sphinx Investment Corp. made a tender offer to acquire Performance Shipping Inc. (NasdaqCM:PSHG) for $34.3 million.Sphinx Investment Corp. made a tender offer to acquire Performance Shipping Inc. (NasdaqCM:PSHG) for $34.3 million on October 11, 2023. The offer price is $3 cash per share. The Board of Performance Shipping appointed a Special Committee of independent directors of the Board to approve the offer. The offer period will expire on November 8, 2023, until further extended. Robert B. Greco of Richards, Layton & Finger, P.A. and Will Vogel of Watson, Farley & Williams acted as legal counsel and Newbridge Securities Corporation acted as independent financial advisor to Richards, Layton & Finger, P.A.お知らせ • Aug 22Performance Shipping Inc. (NasdaqCM:PSHG) announces an Equity Buyback for $2 million worth of its shares.Performance Shipping Inc. (NasdaqCM:PSHG) announces a share repurchase program. Under the program, the company will repurchase up to $2 million worth of its common stock. The repurchase program will expire on August 31, 2024. As of August 18, 2023, the company had 10,910,319 outstanding common shares.お知らせ • Aug 17Performance Shipping Inc. Regains Compliance with Nasdaq Minimum Bid Price RequirementPerformance Shipping Inc. announced that the Nasdaq Stock Market (“Nasdaq”) has confirmed that the Company has regained compliance with Nasdaq's minimum bid price requirements for continued listing on the Nasdaq Capital Market. Nasdaq’s letter noted that, as a result of the closing bid price of the Company's common shares having been at $1.00 per share or greater for at least ten consecutive business days, from August 1, 2023 through August 14, 2023, the Company has regained compliance with Nasdaq’s Listing Rule 5550(a)(2), and the matter is now closed. Commenting on this development, Andreas Michalopoulos, the Company’s Chief Executive Officer, stated: “We are very pleased to have regained compliance with Nasdaq’s listing requirements as a result of an organic increase in the market price of our shares, without the need to effect a reverse stock split”.New Risk • Aug 10New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 62% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (62% accrual ratio). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risk Market cap is less than US$100m (€12.5m market cap, or US$13.7m).Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: US$1.53 (vs US$10.51 in 2Q 2022)Second quarter 2023 results: EPS: US$1.53. Revenue: US$31.5m (up 88% from 2Q 2022). Net income: US$17.9m (up 388% from 2Q 2022). Profit margin: 57% (up from 22% in 2Q 2022).Reported Earnings • Mar 02Full year 2022 earnings released: EPS: US$8.97 (vs US$30.16 loss in FY 2021)Full year 2022 results: EPS: US$8.97 (up from US$30.16 loss in FY 2021). Revenue: US$75.2m (up 106% from FY 2021). Net income: US$36.3m (up US$46.4m from FY 2021). Profit margin: 48% (up from net loss in FY 2021).Valuation Update With 7 Day Price Move • Mar 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €2.50, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 5x in the Shipping industry in Europe. Total loss to shareholders of 97% over the past three years.お知らせ • Jan 14Performance Shipping Inc., Annual General Meeting, Feb 22, 2023Performance Shipping Inc., Annual General Meeting, Feb 22, 2023. Agenda: 2023 annual general meeting of shareholders.Board Change • Jan 12High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chairperson Aliki Paliou is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Valuation Update With 7 Day Price Move • Dec 14Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €3.16, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 6x in the Shipping industry in Europe.お知らせ • Dec 08Performance Shipping Regains Compliance with Nasdaq Minimum Bid Price RequirementPerformance Shipping Inc. announced that the Nasdaq Stock Market (“Nasdaq”) has confirmed that the Company has regained compliance with Nasdaq's minimum bid price requirements for continued listing on the Nasdaq Capital Market. The letter noted that, as a result of the closing bid price of the Company's common shares having been at $1.00 per share or greater for at least ten consecutive business days, from November 15, 2022 through November 29, 2022, the Company has regained compliance with Nasdaq’s Listing Rule 5550(a)(2), and the matter is now closed.Valuation Update With 7 Day Price Move • Nov 21Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to €3.09, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 6x in the Shipping industry in Europe.Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: US$7.40 (vs US$6.43 loss in 3Q 2021)Third quarter 2022 results: EPS: US$7.40 (up from US$6.43 loss in 3Q 2021). Revenue: US$22.1m (up 137% from 3Q 2021). Net income: US$20.3m (up US$22.4m from 3Q 2021). Profit margin: 92% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue.Board Change • Nov 17High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chairperson Aliki Paliou is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Aug 06Second quarter 2022 earnings released: EPS: US$4.37 (vs US$0.53 loss in 2Q 2021)Second quarter 2022 results: EPS: US$4.37 (up from US$0.53 loss in 2Q 2021). Revenue: US$16.7m (up 83% from 2Q 2021). Net income: US$22.9m (up US$25.5m from 2Q 2021).お知らせ • Jul 19Performance Shipping Inc. Announces Receipt of Nasdaq NoticePerformance Shipping Inc. announced that it has received written notification from The Nasdaq Stock Market LLC (“Nasdaq”) dated July 13, 2022, indicating that because the closing bid price of the Company's common stock for 30 consecutive business days, from May 27, 2022 to July 12, 2022, was below the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the applicable grace period to regain compliance is 180 days, or until January 9, 2023.Reported Earnings • Jul 05First quarter 2022 earnings released: US$3.43 loss per share (vs US$0.57 loss in 1Q 2021)First quarter 2022 results: US$3.43 loss per share (down from US$0.57 loss in 1Q 2021). Revenue: US$8.57m (up 2.0% from 1Q 2021). Net loss: US$11.5m (loss widened 302% from 1Q 2021).Board Change • May 30High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chairperson Aliki Paliou is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.業績と収益の成長予測BST:DS2T - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2027137698687112/31/2026114526971212/31/20258448-23150N/A9/30/20258050N/AN/AN/A6/30/20258459755N/A3/31/20258660N/AN/AN/A12/31/202487421260N/A9/30/20249057N/AN/AN/A6/30/202491552659N/A3/31/202410263N/AN/AN/A12/31/2023109575668N/A9/30/202311342N/AN/AN/A6/30/202311142-7776N/A3/31/20239628N/AN/AN/A12/31/20227512-11234N/A9/30/2022571-268N/A6/30/202244-12-8-3N/A3/31/202237-18-8-6N/A12/31/202136-10-5-3N/A9/30/202130-12N/AN/AN/A6/30/202134-8-222N/A3/31/202137-2N/AN/AN/A12/31/2020424-5013N/A9/30/202050-4N/AN/AN/A6/30/2020221N/AN/AN/A3/31/202035-29N/AN/AN/A12/31/20196-7-54-4N/A9/30/201922-20N/AN/AN/A6/30/201921-8N/AN/AN/A3/31/201923-49N/AN/AN/A12/31/2018N/A-8N/A0N/A9/30/201827-69N/AN/AN/A6/30/201829-72N/A-5N/A3/31/2018287N/AN/AN/A12/31/2017244N/A-13N/A9/30/20172112N/AN/AN/A6/30/201723-106N/A-16N/A3/31/201725-151N/AN/AN/A12/31/201633-149N/A-12N/A9/30/201643-149N/AN/AN/A6/30/201651-32N/A4N/A3/31/201660-23N/AN/AN/A12/31/201562-18N/A17N/A9/30/201562-8N/AN/AN/A6/30/2015593N/A23N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: DS2Tの予測収益成長率 (年間16.6% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: DS2Tの収益 ( 16.6% ) German市場 ( 16.9% ) よりも低い成長が予測されています。高成長収益: DS2Tの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: DS2Tの収益 ( 24.1% ) German市場 ( 6.5% ) よりも速いペースで成長すると予測されています。高い収益成長: DS2Tの収益 ( 24.1% ) 20%よりも速いペースで成長すると予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: DS2Tの 自己資本利益率 は、3年後には低くなると予測されています ( 16.4 %)。成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/08 10:12終値2026/05/08 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Performance Shipping Inc. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。8 アナリスト機関Charles FrattAlliance Global PartnersBrandon OglenskiBarclaysKenneth HoexterBofA Global Research5 その他のアナリストを表示
New Risk • May 05New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 75% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (75% accrual ratio). Minor Risks High level of debt (54% net debt to equity). Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (€19.4m market cap, or US$22.6m).
New Risk • Apr 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€20.7m market cap, or US$23.9m).
Reported Earnings • Mar 06Full year 2025 earnings released: EPS: US$3.87 (vs US$3.39 in FY 2024)Full year 2025 results: EPS: US$3.87 (up from US$3.39 in FY 2024). Revenue: US$84.2m (down 3.7% from FY 2024). Net income: US$48.1m (up 15% from FY 2024). Profit margin: 57% (up from 48% in FY 2024). Revenue is forecast to grow 24% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 26Third quarter 2025 earnings released: EPS: US$0.28 (vs US$0.96 in 3Q 2024)Third quarter 2025 results: EPS: US$0.28 (down from US$0.96 in 3Q 2024). Revenue: US$18.5m (down 19% from 3Q 2024). Net income: US$3.45m (down 71% from 3Q 2024). Profit margin: 19% (down from 52% in 3Q 2024). Revenue is forecast to grow 25% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
Board Change • Nov 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Alex Papageorgiou was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 05Performance Shipping Inc., Annual General Meeting, Dec 03, 2025Performance Shipping Inc., Annual General Meeting, Dec 03, 2025, at 12:00 GTB Standard Time. Location: 373 syngrou avenue, 175 64 palaio faliro, athens, greece, Greece
Board Change • May 07Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Alex Papageorgiou was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Mar 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Alex Papageorgiou was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 21Full year 2024 earnings released: EPS: US$3.39 (vs US$5.43 in FY 2023)Full year 2024 results: EPS: US$3.39 (down from US$5.43 in FY 2023). Revenue: US$87.4m (down 20% from FY 2023). Net income: US$41.9m (down 26% from FY 2023). Profit margin: 48% (down from 52% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat.
お知らせ • Nov 20Performance Shipping Inc., Annual General Meeting, Dec 17, 2024Performance Shipping Inc., Annual General Meeting, Dec 17, 2024, at 17:00 GTB Standard Time. Location: at watson farley & williams, 348 syngrou avenue, kallithea 176-74, athens, Greece
お知らせ • Oct 26Sphinx Investment Corp. made a tender offer to acquire Performance Shipping Inc. (NasdaqCM:PSHG) for $34.3 million.Sphinx Investment Corp. made a tender offer to acquire Performance Shipping Inc. (NasdaqCM:PSHG) for $34.3 million on October 11, 2023. The offer price is $3 cash per share. The Board of Performance Shipping appointed a Special Committee of independent directors of the Board to approve the offer. The offer period will expire on November 8, 2023, until further extended. Robert B. Greco of Richards, Layton & Finger, P.A. and Will Vogel of Watson, Farley & Williams acted as legal counsel and Newbridge Securities Corporation acted as independent financial advisor to Richards, Layton & Finger, P.A.
お知らせ • Aug 22Performance Shipping Inc. (NasdaqCM:PSHG) announces an Equity Buyback for $2 million worth of its shares.Performance Shipping Inc. (NasdaqCM:PSHG) announces a share repurchase program. Under the program, the company will repurchase up to $2 million worth of its common stock. The repurchase program will expire on August 31, 2024. As of August 18, 2023, the company had 10,910,319 outstanding common shares.
お知らせ • Aug 17Performance Shipping Inc. Regains Compliance with Nasdaq Minimum Bid Price RequirementPerformance Shipping Inc. announced that the Nasdaq Stock Market (“Nasdaq”) has confirmed that the Company has regained compliance with Nasdaq's minimum bid price requirements for continued listing on the Nasdaq Capital Market. Nasdaq’s letter noted that, as a result of the closing bid price of the Company's common shares having been at $1.00 per share or greater for at least ten consecutive business days, from August 1, 2023 through August 14, 2023, the Company has regained compliance with Nasdaq’s Listing Rule 5550(a)(2), and the matter is now closed. Commenting on this development, Andreas Michalopoulos, the Company’s Chief Executive Officer, stated: “We are very pleased to have regained compliance with Nasdaq’s listing requirements as a result of an organic increase in the market price of our shares, without the need to effect a reverse stock split”.
New Risk • Aug 10New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 62% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (62% accrual ratio). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risk Market cap is less than US$100m (€12.5m market cap, or US$13.7m).
Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: US$1.53 (vs US$10.51 in 2Q 2022)Second quarter 2023 results: EPS: US$1.53. Revenue: US$31.5m (up 88% from 2Q 2022). Net income: US$17.9m (up 388% from 2Q 2022). Profit margin: 57% (up from 22% in 2Q 2022).
Reported Earnings • Mar 02Full year 2022 earnings released: EPS: US$8.97 (vs US$30.16 loss in FY 2021)Full year 2022 results: EPS: US$8.97 (up from US$30.16 loss in FY 2021). Revenue: US$75.2m (up 106% from FY 2021). Net income: US$36.3m (up US$46.4m from FY 2021). Profit margin: 48% (up from net loss in FY 2021).
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €2.50, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 5x in the Shipping industry in Europe. Total loss to shareholders of 97% over the past three years.
お知らせ • Jan 14Performance Shipping Inc., Annual General Meeting, Feb 22, 2023Performance Shipping Inc., Annual General Meeting, Feb 22, 2023. Agenda: 2023 annual general meeting of shareholders.
Board Change • Jan 12High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chairperson Aliki Paliou is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Valuation Update With 7 Day Price Move • Dec 14Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €3.16, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 6x in the Shipping industry in Europe.
お知らせ • Dec 08Performance Shipping Regains Compliance with Nasdaq Minimum Bid Price RequirementPerformance Shipping Inc. announced that the Nasdaq Stock Market (“Nasdaq”) has confirmed that the Company has regained compliance with Nasdaq's minimum bid price requirements for continued listing on the Nasdaq Capital Market. The letter noted that, as a result of the closing bid price of the Company's common shares having been at $1.00 per share or greater for at least ten consecutive business days, from November 15, 2022 through November 29, 2022, the Company has regained compliance with Nasdaq’s Listing Rule 5550(a)(2), and the matter is now closed.
Valuation Update With 7 Day Price Move • Nov 21Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to €3.09, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 6x in the Shipping industry in Europe.
Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: US$7.40 (vs US$6.43 loss in 3Q 2021)Third quarter 2022 results: EPS: US$7.40 (up from US$6.43 loss in 3Q 2021). Revenue: US$22.1m (up 137% from 3Q 2021). Net income: US$20.3m (up US$22.4m from 3Q 2021). Profit margin: 92% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue.
Board Change • Nov 17High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chairperson Aliki Paliou is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Aug 06Second quarter 2022 earnings released: EPS: US$4.37 (vs US$0.53 loss in 2Q 2021)Second quarter 2022 results: EPS: US$4.37 (up from US$0.53 loss in 2Q 2021). Revenue: US$16.7m (up 83% from 2Q 2021). Net income: US$22.9m (up US$25.5m from 2Q 2021).
お知らせ • Jul 19Performance Shipping Inc. Announces Receipt of Nasdaq NoticePerformance Shipping Inc. announced that it has received written notification from The Nasdaq Stock Market LLC (“Nasdaq”) dated July 13, 2022, indicating that because the closing bid price of the Company's common stock for 30 consecutive business days, from May 27, 2022 to July 12, 2022, was below the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the applicable grace period to regain compliance is 180 days, or until January 9, 2023.
Reported Earnings • Jul 05First quarter 2022 earnings released: US$3.43 loss per share (vs US$0.57 loss in 1Q 2021)First quarter 2022 results: US$3.43 loss per share (down from US$0.57 loss in 1Q 2021). Revenue: US$8.57m (up 2.0% from 1Q 2021). Net loss: US$11.5m (loss widened 302% from 1Q 2021).
Board Change • May 30High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chairperson Aliki Paliou is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.