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INSW

International SeawaysNYSE:INSW Stock Report

Market Cap

US$860.5m

7D

0.3%

1Y

22.9%

Updated

23 Sep, 2021

Data

Company Financials +
INSW fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health3/6
Dividends2/6

INSW Overview

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.

International Seaways Competitors

Frontline

NYSE:FRO

US$1.6b

DHT Holdings

NYSE:DHT

US$975.6m

Scorpio Tankers

NYSE:STNG

US$862.6m

Teekay Tankers

NYSE:TNK

US$411.4m

Price History & Performance

Summary of all time highs, changes and price drops for International Seaways
Historical stock prices
Current Share PriceUS$17.43
52 Week HighUS$12.44
52 Week LowUS$22.39
Beta0.28
1 Month Change5.13%
3 Month Change-14.39%
1 Year Change22.92%
3 Year Change-11.21%
5 Year Changen/a
Change since IPO34.60%

Recent News & Updates

Aug 15
International Seaways, Inc. (NYSE:INSW) Analysts Are More Bearish Than They Used To Be

International Seaways, Inc. (NYSE:INSW) Analysts Are More Bearish Than They Used To Be

The latest analyst coverage could presage a bad day for International Seaways, Inc. ( NYSE:INSW ), with the analysts...

Aug 12
International Seaways (NYSE:INSW) Will Pay A Dividend Of US$0.06

International Seaways (NYSE:INSW) Will Pay A Dividend Of US$0.06

International Seaways, Inc. ( NYSE:INSW ) will pay a dividend of US$0.06 on the 23rd of September. This means the...

Shareholder Returns

INSWUS Oil and GasUS Market
7D0.3%2.6%-0.5%
1Y22.9%71.9%37.5%

Return vs Industry: INSW underperformed the US Oil and Gas industry which returned 67.3% over the past year.

Return vs Market: INSW underperformed the US Market which returned 36.2% over the past year.

Price Volatility

Is INSW's price volatile compared to industry and market?
INSW volatility
INSW Beta0.28
Industry Beta1.82
Market Beta1

Stable Share Price: INSW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: INSW's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999764Lois Zabrockyhttps://intlseas.com

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, Crude Tankers and Product Carriers. As of March 12, 2021, the company owned and operated a fleet of 36 vessels, including 11 very large crude carriers, 2 Suezmaxes, 4 Aframaxes/LR2s, 13 Panamaxes/LR1s, and 4 medium range tankers, as well as had ownership interests in two floating storage and offloading service vessels.

International Seaways Fundamentals Summary

How do International Seaways's earnings and revenue compare to its market cap?
INSW fundamental statistics
Market CapUS$860.45m
Earnings (TTM)-US$134.92m
Revenue (TTM)US$249.65m

3.5x

P/S Ratio

-6.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
INSW income statement (TTM)
RevenueUS$249.65m
Cost of RevenueUS$153.46m
Gross ProfitUS$96.19m
ExpensesUS$231.11m
Earnings-US$134.92m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-4.82
Gross Margin38.53%
Net Profit Margin-54.05%
Debt/Equity Ratio55.9%

How did INSW perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

-5%

Payout Ratio

Valuation

Is International Seaways undervalued compared to its fair value and its price relative to the market?

0.93x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: INSW ($17.43) is trading above our estimate of fair value ($5.05)

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


Price To Earnings Ratio

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

PE vs Market: INSW is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: INSW is good value based on its PB Ratio (0.9x) compared to the US Oil and Gas industry average (1.8x).


Future Growth

How is International Seaways forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

112.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INSW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: INSW is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: INSW's is expected to become profitable in the next 3 years.

Revenue vs Market: INSW's revenue (47.9% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: INSW's revenue (47.9% per year) is forecast to grow faster than 20% 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 (15.6%).


Past Performance

How has International Seaways performed over the past 5 years?

0.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INSW is currently unprofitable.

Growing Profit Margin: INSW is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: INSW is unprofitable, but has reduced losses over the past 5 years at a rate of 0.1% per year.

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

Earnings vs Industry: INSW is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.4%).


Return on Equity

High ROE: INSW has a negative Return on Equity (-14.25%), as it is currently unprofitable.


Financial Health

How is International Seaways's financial position?


Financial Position Analysis

Short Term Liabilities: INSW's short term assets ($212.3M) exceed its short term liabilities ($102.1M).

Long Term Liabilities: INSW's short term assets ($212.3M) do not cover its long term liabilities ($469.3M).


Debt to Equity History and Analysis

Debt Level: INSW's debt to equity ratio (55.9%) is considered high.

Reducing Debt: INSW's debt to equity ratio has increased from 38.1% to 55.9% over the past 5 years.


Balance Sheet


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: Whilst unprofitable INSW has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: INSW is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 8.2% per year.


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%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: INSW's dividend (1.38%) is low compared to the top 25% of dividend payers in the US market (3.63%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, INSW has been paying a dividend for less than 10 years.

Growing Dividend: INSW has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: INSW is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: INSW's dividends in 3 years are forecast to be thoroughly covered by earnings (6.3% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Lois Zabrocky (51 yo)

4.83yrs

Tenure

US$3,374,108

Compensation

Ms. Lois K. Zabrocky serves as President and Director at Diamond S Shipping Inc. since July 16, 2021. She has been an Independent Director of Tidewater Inc. since July 28, 2020. Ms. Zabrocky has been the C...


CEO Compensation Analysis

Compensation vs Market: Lois's total compensation ($USD3.37M) is above average for companies of similar size in the US market ($USD2.35M).

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


Leadership Team

Experienced Management: INSW's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: INSW'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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 81.1%.


Top Shareholders

Company Information

International Seaways, Inc.'s 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$860.451m
  • Shares outstanding: 50.67m
  • Website: https://intlseas.com

Number of Employees


Location

  • International Seaways, Inc.
  • 600 Third Avenue
  • 39th Floor
  • New York
  • New York
  • 10016
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 23:03
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.