DB:19O

Stock Analysis Report

Overseas Shipholding Group

Executive Summary

Overseas Shipholding Group, Inc. owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the United States.


Snowflake Analysis

Overvalued with worrying balance sheet.


Similar Companies

Share Price & News

How has Overseas Shipholding Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 19O has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

23.4%

19O

5.2%

DE Oil and Gas

1.7%

DE Market


1 Year Return

10.2%

19O

80.1%

DE Oil and Gas

15.0%

DE Market

Return vs Industry: 19O underperformed the German Oil and Gas industry which returned 80.1% over the past year.

Return vs Market: 19O underperformed the German Market which returned 15% over the past year.


Shareholder returns

19OIndustryMarket
7 Day23.4%5.2%1.7%
30 Day10.2%7.9%1.4%
90 Day18.9%38.4%3.3%
1 Year10.2%10.2%85.2%80.1%18.5%15.0%
3 Year-58.8%-58.8%17.8%8.0%17.1%6.9%
5 Yearn/a331.1%263.6%24.3%7.3%

Price Volatility Vs. Market

How volatile is Overseas Shipholding Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Overseas Shipholding Group undervalued compared to its fair value and its price relative to the market?

0.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 19O (€1.95) is trading above our estimate of fair value (€0.68)

Significantly Below Fair Value: 19O is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 19O is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: 19O is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 19O's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 19O is good value based on its PB Ratio (0.6x) compared to the DE Oil and Gas industry average (1.3x).


Next Steps

Future Growth

How is Overseas Shipholding Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.8%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Overseas Shipholding Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Overseas Shipholding Group performed over the past 5 years?

37.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 19O is currently unprofitable.

Growing Profit Margin: 19O is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 19O is unprofitable, but has reduced losses over the past 5 years at a rate of 37.6% per year.

Accelerating Growth: Unable to compare 19O's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 19O is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-5.3%).


Return on Equity

High ROE: 19O has a negative Return on Equity (-2.27%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Overseas Shipholding Group's financial position?


Financial Position Analysis

Short Term Liabilities: 19O's short term assets ($63.1M) do not cover its short term liabilities ($155.9M).

Long Term Liabilities: 19O's short term assets ($63.1M) do not cover its long term liabilities ($651.5M).


Debt to Equity History and Analysis

Debt Level: 19O's debt to equity ratio (113.9%) is considered high.

Reducing Debt: 19O's debt to equity ratio has reduced from 131.8% to 113.9% over the past 5 years.


Balance Sheet

Inventory Level: 19O has a high level of physical assets or inventory.

Debt Coverage by Assets: 19O's debt is not covered by short term assets (assets are 0.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 19O has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 19O has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Overseas Shipholding Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.3%markettop25%3.6%industryaverage6.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 19O's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 19O's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 19O's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 19O's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 19O is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 19O's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Samuel Norton (60yo)

3.2yrs

Tenure

US$3,334,682

Compensation

Mr. Samuel H. Norton, also known as Sam, has been the Chief Executive Officer and President of Overseas Shipholding Group, Inc. since December 29, 2016 and served as its Senior Vice President since July 17 ...


CEO Compensation Analysis

Compensation vs Market: Samuel's total compensation ($USD3.33M) is above average for companies of similar size in the German market ($USD634.28K).

Compensation vs Earnings: Samuel's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Samuel Norton
President3.2yrsUS$3.33m1.51% $2.5m
Richard Trueblood
VP & CFO2.6yrsUS$854.14k0.050% $83.4k
Patrick O'Halloran
COO & VP3.2yrsUS$742.00k0.063% $105.4k
Damon Mote
VP & Chief Administrative Officer3.2yrsUS$743.75k0.063% $105.2k
Susan Allan
VP, General Counsel & Corporate Secretary3.3yrsUS$574.59k0.034% $57.6k

3.2yrs

Average Tenure

56yo

Average Age

Experienced Management: 19O's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Samuel Norton
President3.2yrsUS$3.33m1.51% $2.5m
John Reddy
Independent Director1.7yrsUS$130.00k0.027% $45.6k
Douglas Wheat
Chairman of the Board5.2yrsUS$270.50k0.36% $607.9k
Julie Silcock
Independent Director1.7yrsUS$129.00k0.091% $153.1k
Ty Wallach
Non-Employee Director4.5yrsUS$82.00k0.022% $37.3k
Anja Manuel
Independent Director2.7yrsUS$174.00k0.071% $118.5k
Gary Taylor
Independent Director5.5yrsUS$178.25k0.094% $157.4k
Joseph Kronsberg
Independent Director4.5yrsUS$157.50kno data

4.5yrs

Average Tenure

61.5yo

Average Age

Experienced Board: 19O's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Overseas Shipholding Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Overseas Shipholding Group, Inc.
  • Ticker: 19O
  • Exchange: DB
  • Founded: 1948
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$181.632m
  • Listing Market Cap: US$167.519m
  • Shares outstanding: 85.68m
  • Website: https://www.osg.com

Number of Employees


Location

  • Overseas Shipholding Group, Inc.
  • Two Harbour Place
  • 302 Knights Run Avenue
  • Tampa
  • Florida
  • 33602
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OSGNYSE (New York Stock Exchange)YesClass A Common StockUSUSDDec 2015
19ODB (Deutsche Boerse AG)COM USD0.01 CL A (POST REV SPLT)DEEURNov 2016

Biography

Overseas Shipholding Group, Inc. owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the United States. As of December 26, 2019, the company operated a fleet of 21 vessels. It serves independent oil traders, refinery operators, and the United States and international government entities. Overseas Shipholding Group, Inc. was founded in 1948 and is headquartered in Tampa, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/15 22:55
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.