Declared Dividend • Jun 01
First quarter dividend of US$0.01 announced Shareholders will receive a dividend of US$0.01. Ex-date: 10th June 2026 Payment date: 18th June 2026 Dividend yield will be 1.8%, which is lower than the industry average of 15%. Sustainability & Growth The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 27% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 28
First quarter 2026 earnings released: EPS: US$0.25 (vs US$0.014 in 1Q 2025) First quarter 2026 results: EPS: US$0.25 (up from US$0.014 in 1Q 2025). Revenue: US$54.7m (flat on 1Q 2025). Net income: US$27.7m (up US$26.2m from 1Q 2025). Profit margin: 51% (up from 2.8% in 1Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • May 28
Diana Shipping Inc. Declares Cash Dividend for the First Quarter Ended March 31, 2026, Payable on or About June 18, 2026 Diana Shipping Inc. declared a cash dividend on its common stock of $0.01 per share, based on the Company’s results of operations during the first quarter ended March 31, 2026. The cash dividend will be payable on or about June 18, 2026, to all common shareholders of record as of June 10, 2026. Board Change • May 21
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Jane Chao was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 14
Diana Shipping Inc. to Report Q1, 2026 Results on May 28, 2026 Diana Shipping Inc. announced that they will report Q1, 2026 results Pre-Market on May 28, 2026 Announcement • Apr 23
Diana Shipping Inc., Annual General Meeting, May 28, 2026 Diana Shipping Inc., Annual General Meeting, May 28, 2026. Announcement • Feb 26
Diana Shipping Inc. Declares Cash Dividend for the Fourth Quarter 2025, Payable on March 18, 2026 Diana Shipping Inc. declared a cash dividend on its common stock of $0.01 per share, based on the Company’s results of operations for the quarter ended December 31, 2025. The cash dividend will be payable on March 18, 2026, to all common shareholders of record as of March 11, 2026. As of February 25, 2026, the Company had 115,789,435 common shares issued and outstanding and 16,202,921 warrants outstanding. Announcement • Feb 03
Diana Shipping Inc. to Report Q4, 2025 Results on Feb 26, 2026 Diana Shipping Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026 Announcement • Nov 25
Diana Shipping Inc. (NYSE:DSX) proposed to acquire remaining 85.2% stake in Genco Shipping & Trading Limited (NYSE:GNK) for approximately $780 million. Diana Shipping Inc. (NYSE:DSX) proposed to acquire remaining 85.2% stake in Genco Shipping & Trading Limited (NYSE:GNK) for approximately $780 million on November 24, 2025. The transaction has been funded from DNB Bank and Nordea amounting to $1.102 billion.
The transaction is subject to approval of offer by Diana board, consummation of due diligence investigation and definitive agreement. The deal has been unanimously approved by the Diana board.
DNB Carnegie acted as financial advisor for Diana Shipping Inc. Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor for Diana Shipping Inc. Seward & Kissel LLP acted as legal advisor for Diana Shipping Inc. Announcement • Nov 21
Diana Shipping Inc. announces Quarterly dividend, payable on December 17, 2025 Diana Shipping Inc. announced Quarterly dividend of USD 0.0100 per share payable on December 17, 2025, ex-date on December 08, 2025 and record date on December 08, 2025. Announcement • Nov 11
Diana Shipping Inc. to Report Q3, 2025 Results on Nov 20, 2025 Diana Shipping Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 20, 2025 Announcement • Jul 30
Diana Shipping Inc. Declares Cash Dividend for the Quarter Ended June 30, 2025, Payable on September 11, 2025 Diana Shipping Inc. has declared a cash dividend on its common stock of $0.01 per share, based on the Company’s results of operations during the quarter ended June 30, 2025. The cash dividend will be payable on September 11, 2025, to all common shareholders of record as of August 21, 2025. Announcement • Jul 10
Diana Shipping Inc. to Report Q2, 2025 Results on Jul 30, 2025 Diana Shipping Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025 Announcement • May 29
Diana Shipping Inc. Declares Cash Dividend for the First Quarter Ended March 31, 2025, Payable on or About June 24, 2025 Diana Shipping Inc. declared a cash dividend on its common stock of $0.01 per share, based on the Company’s results of operations during the first quarter ended March 31, 2025. The cash dividend will be payable on or about June 24, 2025 to all common shareholders of record as of June 17, 2025. Announcement • May 19
Diana Shipping Inc. to Report Q1, 2025 Results on May 29, 2025 Diana Shipping Inc. announced that they will report Q1, 2025 results Pre-Market on May 29, 2025 Announcement • May 01
Diana Shipping Inc., Annual General Meeting, May 28, 2025 Diana Shipping Inc., Annual General Meeting, May 28, 2025. Announcement • Feb 27
Diana Shipping Inc. announces Quarterly dividend, payable on March 21, 2025 Diana Shipping Inc. announced Quarterly dividend of USD 0.0100 per share payable on March 21, 2025, ex-date on March 12, 2025 and record date on March 12, 2025. Announcement • Feb 18
Diana Shipping Inc. to Report Q4, 2024 Results on Feb 25, 2025 Diana Shipping Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 25, 2025 Announcement • Jan 18
Diana Shipping Inc. Announces CFO Appointments Diana Shipping Inc. has appointed Ms. Maria Dede as the Company's Co-Chief Financial Officer (Operations Finance), effective immediately. Mr. Ioannis Zafirakis, the Company's current Chief Financial Officer, will continue to serve in the Co-Chief Financial Officer (Strategic Finance) position with Ms. Dede. Ms. Dede currently serves as the Company's Chief Accounting Officer, a position she has held since 2005. Announcement • Dec 03
Diana Shipping Inc. (NYSE:DSX) announces an Equity Buyback for 15,000,000 shares, representing 12% of its issued share capital. Diana Shipping Inc. (NYSE:DSX) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 12% of its issued share capital. The shares will be repurchased at a price of $2 per share. The program will be funded from cash and cash equivalents. If the offer is oversubscribed, the company will prorate the number of shares accepted for payment. The purpose of the program is to prudently use company's available cash from operations and other financial resources, seek liquidity and deliver value to the shareholders. The program is valid till December 31, 2024, unless extended or withdrawn. Announcement • Nov 07
Diana Shipping Inc. to Report Q3, 2024 Results on Nov 25, 2024 Diana Shipping Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 25, 2024 Declared Dividend • Aug 05
Dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 15th August 2024 Payment date: 30th August 2024 Dividend yield will be 9.5%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (391% earnings payout ratio) nor is it adequately covered by cash flows (92% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 335% to bring the payout ratio under control. EPS is expected to grow by 151% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 01
Second quarter 2024 earnings released: US$0.036 loss per share (vs US$0.09 profit in 2Q 2023) Second quarter 2024 results: US$0.036 loss per share (down from US$0.09 profit in 2Q 2023). Revenue: US$56.0m (down 17% from 2Q 2023). Net loss: US$4.21m (down 147% from profit in 2Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Jul 06
Diana Shipping Inc. to Report Q2, 2024 Results on Jul 31, 2024 Diana Shipping Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 31, 2024 Declared Dividend • Jun 03
Dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 12th June 2024 Payment date: 18th June 2024 Dividend yield will be 10%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (166% earnings payout ratio) nor is it covered by cash flows (155% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 3 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 84% to bring the payout ratio under control. EPS is expected to grow by 178% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: US$0.006 (vs US$0.22 in 1Q 2023) First quarter 2024 results: EPS: US$0.006 (down from US$0.22 in 1Q 2023). Revenue: US$57.6m (down 21% from 1Q 2023). Net income: US$616.0k (down 97% from 1Q 2023). Profit margin: 1.1% (down from 29% in 1Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • May 23
Diana Shipping Inc. to Report Q1, 2024 Results on May 28, 2024 Diana Shipping Inc. announced that they will report Q1, 2024 results Pre-Market on May 28, 2024 Announcement • Apr 12
Diana Shipping Inc., Annual General Meeting, May 21, 2024 Diana Shipping Inc., Annual General Meeting, May 21, 2024, at 08:00 US Eastern Standard Time. Agenda: To elect four Class I Directors to serve until the 2027 Annual Meeting of Shareholders; to approve the appointment of Deloitte Certified Public Accountants S.A. as the Company's independent auditor for the fiscal year ended December 31, 2024; and to transact other such business as may properly come before the Meeting or any adjournment thereof. Reported Earnings • Apr 07
Full year 2023 earnings released: EPS: US$0.44 (vs US$1.42 in FY 2022) Full year 2023 results: EPS: US$0.44 (down from US$1.42 in FY 2022). Revenue: US$262.1m (down 9.6% from FY 2022). Net income: US$44.1m (down 61% from FY 2022). Profit margin: 17% (down from 39% in FY 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Declared Dividend • Feb 26
Dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 4th March 2024 Payment date: 12th March 2024 Dividend yield will be 13%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 2 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.2% to bring the payout ratio under control. EPS is expected to grow by 77% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: US$0.44 (vs US$1.42 in FY 2022) Full year 2023 results: EPS: US$0.44 (down from US$1.42 in FY 2022). Revenue: US$262.1m (down 9.6% from FY 2022). Net income: US$44.1m (down 61% from FY 2022). Profit margin: 17% (down from 39% in FY 2022). Revenue is forecast to grow 3.8% 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 increased by 69% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Feb 07
Diana Shipping Inc. to Report Q4, 2023 Results on Feb 23, 2024 Diana Shipping Inc. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 23, 2024 Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: US$0.059 (vs US$0.39 in 3Q 2022) Third quarter 2023 results: EPS: US$0.059 (down from US$0.39 in 3Q 2022). Revenue: US$62.1m (down 16% from 3Q 2022). Net income: US$5.94m (down 80% from 3Q 2022). Profit margin: 9.6% (down from 41% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.6% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Nov 14
Diana Shipping Inc. to Report Q3, 2023 Results on Nov 15, 2023 Diana Shipping Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 15, 2023 New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 33% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 33% per year for the foreseeable future. High level of non-cash earnings (24% accrual ratio). Minor Risks High level of debt (75% net debt to equity). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (29% net profit margin). Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Aug 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 37% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (29% net profit margin). Shareholders have been diluted in the past year (29% increase in shares outstanding). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$0.10 (vs US$0.44 in 2Q 2022) Second quarter 2023 results: EPS: US$0.10 (down from US$0.44 in 2Q 2022). Revenue: US$67.4m (down 9.6% from 2Q 2022). Net income: US$10.4m (down 70% from 2Q 2022). Profit margin: 15% (down from 46% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is expected to fall by 3.9% p.a. on average during the next 3 years compared to a 8.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Jul 14
Diana Shipping Inc. to Report Q2, 2023 Results on Aug 01, 2023 Diana Shipping Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 01, 2023 Reported Earnings • May 28
First quarter 2023 earnings released: EPS: US$0.23 (vs US$0.32 in 1Q 2022) First quarter 2023 results: EPS: US$0.23 (down from US$0.32 in 1Q 2022). Revenue: US$72.6m (up 10% from 1Q 2022). Net income: US$22.7m (down 7.7% from 1Q 2022). Profit margin: 31% (down from 37% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.1% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • May 27
Diana Shipping Inc. Declares Dividend for First Quarter Ended March 31, 2023, Payable on or About July 10, 2023 The Diana Shipping Inc. declared a dividend on its common stock based on the Company’s results of operations during the quarter ended March 31, 2023, in the amount of $0.15 per share, which will be paid in shares of the Company’s common stock or, upon the election of common shareholders, in cash. The dividend will be payable on or about July 10, 2023, to all shareholders of record as of June 12, 2023. Reported Earnings • Mar 28
Full year 2022 earnings released: EPS: US$1.42 (vs US$0.64 in FY 2021) Full year 2022 results: EPS: US$1.42 (up from US$0.64 in FY 2021). Revenue: US$290.0m (up 35% from FY 2021). Net income: US$113.3m (up 120% from FY 2021). Profit margin: 39% (up from 24% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 2.5% p.a. on average during the next 2 years compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €3.70, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 262% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.30 per share. Upcoming Dividend • Mar 03
Upcoming dividend of US$0.15 per share at 18% yield Eligible shareholders must have bought the stock before 10 March 2023. Payment date: 20 March 2023. Trailing yield: 18%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (17%). Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: US$1.42 (vs US$0.64 in FY 2021) Full year 2022 results: EPS: US$1.42 (up from US$0.64 in FY 2021). Revenue: US$290.0m (up 35% from FY 2021). Net income: US$113.3m (up 120% from FY 2021). Profit margin: 39% (up from 24% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 4.4% p.a. on average during the next 2 years compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
Diana Shipping Inc. to Report Q4, 2022 Results on Feb 22, 2023 Diana Shipping Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 22, 2023 Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €3.36, the stock trades at a trailing P/E ratio of 2.2x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 48% over the past three years. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: US$0.39 (vs US$0.17 in 3Q 2021) Third quarter 2022 results: EPS: US$0.39 (up from US$0.17 in 3Q 2021). Revenue: US$73.8m (up 29% from 3Q 2021). Net income: US$30.3m (up 128% from 3Q 2021). Profit margin: 41% (up from 23% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Konstantinos Fotiadis was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €4.02, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Shipping industry in Europe. Total returns to shareholders of 62% over the past three years. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: US$0.44 (vs US$0.017 in 2Q 2021) Second quarter 2022 results: EPS: US$0.44 (up from US$0.017 in 2Q 2021). Revenue: US$74.5m (up 59% from 2Q 2021). Net income: US$34.2m (up US$32.8m from 2Q 2021). Profit margin: 46% (up from 2.9% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 8.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 15% share price gain to €4.90, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 17% share price gain to €6.45, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 179% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.87 per share. Reported Earnings • Apr 30
Full year 2021 earnings released: EPS: US$0.64 (vs US$1.63 loss in FY 2020) Full year 2021 results: EPS: US$0.64 (up from US$1.63 loss in FY 2020). Revenue: US$214.2m (up 26% from FY 2020). Net income: US$51.6m (up US$191.6m from FY 2020). Profit margin: 24% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 29%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. Independent Director Konstantinos Fotiadis was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 18% share price gain to €4.50, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 124% over the past three years. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.64 (up from US$1.63 loss in FY 2020). Revenue: US$214.2m (up 26% from FY 2020). Net income: US$51.6m (up US$191.6m from FY 2020). Profit margin: 24% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 33%, compared to a 27% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS US$0.17 (vs US$0.17 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$57.3m (up 35% from 3Q 2020). Net income: US$13.3m (up US$27.9m from 3Q 2020). Profit margin: 23% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 26
Second quarter 2021 earnings released: EPS US$0.017 (vs US$0.14 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$47.0m (up 15% from 2Q 2020). Net income: US$1.37m (up US$13.6m from 2Q 2020). Profit margin: 2.9% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS US$0.017 (vs US$0.14 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$47.0m (up 15% from 2Q 2020). Net income: US$1.37m (up US$13.6m from 2Q 2020). Profit margin: 2.9% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 23
First quarter 2021 earnings released: US$0.033 loss per share (vs US$1.21 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$41.1m (down 6.2% from 1Q 2020). Net loss: US$2.74m (loss narrowed 97% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 14
Full year 2020 earnings released: US$1.63 loss per share (vs US$0.17 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$169.7m (down 23% from FY 2019). Net loss: US$140.0m (loss widened US$123.7m from FY 2019). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Mar 14
Revenue misses expectations Revenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to stay flat compared to a 9.5% growth forecast for the Shipping industry in Germany. Reported Earnings • Feb 23
Full year 2020 earnings released: US$1.63 loss per share (vs US$0.17 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$169.7m (down 23% from FY 2019). Net loss: US$140.0m (loss widened US$123.7m from FY 2019). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 23
Revenue misses expectations Revenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to stay flat compared to a 8.1% growth forecast for the Shipping industry in Germany. Is New 90 Day High Low • Feb 03
New 90-day high: €2.12 The company is up 81% from its price of €1.17 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.83 per share. Is New 90 Day High Low • Jan 12
New 90-day high: €1.91 The company is up 59% from its price of €1.20 on 14 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.50 per share. Is New 90 Day High Low • Dec 16
New 90-day high: €1.59 The company is up 34% from its price of €1.19 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.24 per share. Reported Earnings • Nov 25
Third quarter 2020 earnings released: US$0.17 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$42.3m (down 21% from 3Q 2019). Net loss: US$14.6m (down US$14.9m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 25
Revenue misses expectations Revenue missed analyst estimates by 2.1%. Over the next year, revenue is expected to shrink by 7.5% compared to a 4.2% growth forecast for the Shipping industry in Germany. Is New 90 Day High Low • Nov 14
New 90-day high: €1.30 The company is up 4.0% from its price of €1.25 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.73 per share. Is New 90 Day High Low • Oct 26
New 90-day low: €1.15 The company is down 1.0% from its price of €1.16 on 28 July 2020. The German market is also down 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Shipping industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share.