International Seaways
Market Cap
US$501.6m
Last Updated
2020/08/08 00:12 UTC
Data Sources
Company Financials +
Executive Summary
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trade.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with questionable track record.
Similar Companies
Share Price & News
How has International Seaways's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: INSW's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.7%
INSW
3.3%
US Oil and Gas
2.5%
US Market
1 Year Return
9.5%
INSW
-34.6%
US Oil and Gas
16.3%
US Market
Return vs Industry: INSW exceeded the US Oil and Gas industry which returned -35% over the past year.
Return vs Market: INSW underperformed the US Market which returned 15.8% over the past year.
Shareholder returns
| INSW | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.7% | 3.3% | 2.5% |
| 30 Day | 14.0% | 5.1% | 5.6% |
| 90 Day | -20.3% | -4.2% | 16.4% |
| 1 Year | 10.1%9.5% | -31.4%-34.6% | 18.8%16.3% |
| 3 Year | -16.7%-17.2% | -31.3%-38.7% | 45.1%35.7% |
| 5 Year | n/a | -33.3%-43.9% | 75.8%56.8% |
Price Volatility Vs. Market
How volatile is International Seaways's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Does International Seaways' (NYSE:INSW) CEO Pay Compare With Company Performance?1 month ago | Simply Wall St
International Seaways' (NYSE:INSW) Stock Price Has Reduced28% In The Past Three Years1 month ago | Simply Wall St
Are International Seaways's (NYSE:INSW) Statutory Earnings A Good Guide To Its Underlying Profitability?Valuation
Is International Seaways undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: INSW ($17.39) is trading below our estimate of fair value ($43.84)
Significantly Below Fair Value: INSW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: INSW is poor value based on its PE Ratio (23.9x) compared to the US Oil and Gas industry average (9.1x).
PE vs Market: INSW is poor value based on its PE Ratio (23.9x) compared to the US market (18.8x).
Price to Earnings Growth Ratio
PEG Ratio: INSW is poor value based on its PEG Ratio (11.9x)
Price to Book Ratio
PB vs Industry: INSW is good value based on its PB Ratio (0.5x) compared to the US Oil and Gas industry average (0.7x).
Next Steps
Future Growth
How is International Seaways forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
2.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: INSW's forecast earnings growth (2% per year) is below the savings rate (2.2%).
Earnings vs Market: INSW's earnings (2% per year) are forecast to grow slower than the US market (22.9% per year).
High Growth Earnings: INSW's earnings are forecast to grow, but not significantly.
Revenue vs Market: INSW's revenue is expected to decline over the next 3 years (-9% per year).
High Growth Revenue: INSW's revenue is forecast to decline over the next 3 years (-9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: INSW's Return on Equity is forecast to be low in 3 years time (7.3%).
Next Steps
Past Performance
How has International Seaways performed over the past 5 years?
-46.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INSW has a large one-off loss of $15.9M impacting its June 30 2020 financial results.
Growing Profit Margin: INSW became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: INSW has become profitable over the past 5 years, growing earnings by -46.2% per year.
Accelerating Growth: INSW has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: INSW has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-33.3%).
Return on Equity
High ROE: INSW's Return on Equity (2.1%) is considered low.
Next Steps
Financial Health
How is International Seaways's financial position?
Financial Position Analysis
Short Term Liabilities: INSW's short term assets ($215.6M) exceed its short term liabilities ($132.6M).
Long Term Liabilities: INSW's short term assets ($215.6M) do not cover its long term liabilities ($578.4M).
Debt to Equity History and Analysis
Debt Level: INSW's debt to equity ratio (63.2%) is considered high.
Reducing Debt: INSW's debt to equity ratio has increased from 43.2% to 63.2% over the past 5 years.
Debt Coverage: INSW's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: INSW's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
Next Steps
Dividend
What is International Seaways's current dividend yield, its reliability and sustainability?
1.38%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: INSW's dividend (1.38%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: INSW's dividend (1.38%) is low compared to the top 25% of dividend payers in the US market (4.45%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether INSW's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if INSW's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (8.2%), INSW's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: INSW's dividends in 3 years are forecast to be thoroughly covered by earnings (6.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Lois Zabrocky (50 yo)
3.75yrs
Tenure
US$2,815,917
Compensation
Ms. Lois K. Zabrocky has been an Independent Director of Tidewater Inc. since July 28, 2020. Ms. Zabrocky has been the Chief Executive Officer and First President of International Seaways, Inc. since Novem ...
CEO Compensation Analysis
Compensation vs Market: Lois's total compensation ($USD2.82M) is above average for companies of similar size in the US market ($USD2.10M).
Compensation vs Earnings: Lois's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.75yrs | US$2.82m | 0.12% $ 624.4k | |
| CFO, Senior VP & Treasurer | 3.75yrs | US$1.98m | 0.14% $ 711.0k | |
| Chief Administrative Officer | 3.75yrs | US$1.76m | 0.15% $ 740.7k | |
| VP & Chief Commercial Officer | 3.75yrs | US$1.05m | 0.031% $ 156.8k | |
| VP & Head of Ship Operations | 6.58yrs | US$1.04m | 0.030% $ 151.7k | |
| Head of Chartering & Investor Relations | no data | no data | no data | |
| VP & Controller | 3.75yrs | US$604.19k | 0.0067% $ 33.4k |
3.8yrs
Average Tenure
50.5yo
Average Age
Experienced Management: INSW's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.75yrs | US$2.82m | 0.12% $ 624.4k | |
| Independent Non-Executive Chairman | 3.75yrs | US$392.00k | 0.22% $ 1.1m | |
| Independent Director | 3.17yrs | US$203.00k | 0.077% $ 385.1k | |
| Independent Non-Employee Director | 3.75yrs | US$206.50k | 0.11% $ 563.8k | |
| Independent Non-Employee Director | 3.75yrs | US$200.00k | 0.050% $ 252.0k | |
| Independent Non-Employee Director | 7.08yrs | US$180.00k | 0.11% $ 529.8k | |
| Independent Non-Employee Director | 3.75yrs | US$190.00k | 0.057% $ 284.0k | |
| Independent Non-Employee Director | 3.75yrs | US$180.00k | no data |
3.8yrs
Average Tenure
63yo
Average Age
Experienced Board: INSW's board of directors are considered experienced (3.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
International Seaways, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: International Seaways, Inc.
- Ticker: INSW
- Exchange: NYSE
- Founded: 1999
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: US$501.593m
- Shares outstanding: 28.84m
- Website: https://www.internationalseaways.com
Number of Employees
Location
- International Seaways, Inc.
- 600 Third Avenue
- 39th Floor
- New York
- New York
- 10016
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| INSW | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Dec 2016 |
| INSW N | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Dec 2016 |
Biography
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trade. It operates through two segments, Cru ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/08 00:12 |
| End of Day Share Price | 2020/08/07 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.