NYSE:INSW

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International Seaways

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.


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

INSWIndustryMarket
7 Day0.7%3.3%2.5%
30 Day14.0%5.1%5.6%
90 Day-20.3%-4.2%16.4%
1 Year10.1%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 Yearn/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

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

NamePositionTenureCompensationOwnership
Lois Zabrocky
President3.75yrsUS$2.82m0.12%
$ 624.4k
Jeffrey Pribor
CFO, Senior VP & Treasurer3.75yrsUS$1.98m0.14%
$ 711.0k
James Small
Chief Administrative Officer3.75yrsUS$1.76m0.15%
$ 740.7k
Derek Solon
VP & Chief Commercial Officer3.75yrsUS$1.05m0.031%
$ 156.8k
William Nugent
VP & Head of Ship Operations6.58yrsUS$1.04m0.030%
$ 151.7k
David Siever
Head of Chartering & Investor Relationsno datano datano data
Adewale Oshodi
VP & Controller3.75yrsUS$604.19k0.0067%
$ 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

NamePositionTenureCompensationOwnership
Lois Zabrocky
President3.75yrsUS$2.82m0.12%
$ 624.4k
Douglas Wheat
Independent Non-Executive Chairman3.75yrsUS$392.00k0.22%
$ 1.1m
David Greenberg
Independent Director3.17yrsUS$203.00k0.077%
$ 385.1k
Timothy Bernlohr
Independent Non-Employee Director3.75yrsUS$206.50k0.11%
$ 563.8k
Randee Day
Independent Non-Employee Director3.75yrsUS$200.00k0.050%
$ 252.0k
Ian Blackley
Independent Non-Employee Director7.08yrsUS$180.00k0.11%
$ 529.8k
Ty Wallach
Independent Non-Employee Director3.75yrsUS$190.00k0.057%
$ 284.0k
Joseph Kronsberg
Independent Non-Employee Director3.75yrsUS$180.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INSWNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 2016
INSW NBMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/08 00:12
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.