International Seaways
Market Cap
US$482.2m
Last Updated
2021/01/23 00:38 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. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 14.1% per year for the next 3 years
Snowflake Analysis
Undervalued with mediocre balance sheet.
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 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.
Market Performance
7 Day Return
-4.6%
INSW
-4.8%
US Oil and Gas
1.4%
US Market
1 Year Return
-30.0%
INSW
-25.3%
US Oil and Gas
22.6%
US Market
Return vs Industry: INSW underperformed the US Oil and Gas industry which returned -23.1% over the past year.
Return vs Market: INSW underperformed the US Market which returned 22.8% over the past year.
Shareholder returns
| INSW | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.6% | -4.8% | 1.4% |
| 30 Day | 4.2% | 12.2% | 4.9% |
| 90 Day | 21.9% | 35.4% | 14.6% |
| 1 Year | -29.1%-30.0% | -20.3%-25.3% | 25.4%22.6% |
| 3 Year | -0.6%-1.8% | -33.6%-42.5% | 46.8%37.0% |
| 5 Year | n/a | -3.1%-21.8% | 132.0%106.1% |
Long-Term 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
Here’s What’s Happening With Returns At International Seaways (NYSE:INSW)1 month ago | Simply Wall St
How Much Does International Seaways' (NYSE:INSW) CEO Make?1 month ago | Simply Wall St
International Seaways, Inc. (NYSE:INSW) Passed Our Checks, And It's About To Pay A US$0.06 DividendValuation
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) is trading below our estimate of fair value ($45.43)
Significantly Below Fair Value: INSW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: INSW is good value based on its PE Ratio (3.8x) compared to the US Oil and Gas industry average (10.3x).
PE vs Market: INSW is good value based on its PE Ratio (3.8x) compared to the US market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: INSW's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: INSW is good value based on its PB Ratio (0.4x) compared to the US Oil and Gas industry average (1.2x).
Next Steps
Future Growth
How is International Seaways forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-14.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: INSW's earnings are forecast to decline over the next 3 years (-14.1% per year).
Earnings vs Market: INSW's earnings are forecast to decline over the next 3 years (-14.1% per year).
High Growth Earnings: INSW's earnings are forecast to decline over the next 3 years.
Revenue vs Market: INSW's revenue is expected to decline over the next 3 years (-16.2% per year).
High Growth Revenue: INSW's revenue is forecast to decline over the next 3 years (-16.2% 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 (7.2%).
Next Steps
Past Performance
How has International Seaways performed over the past 5 years?
-17.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INSW has a large one-off loss of $32.7M impacting its September 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 -17.5% 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 (-32.7%).
Return on Equity
High ROE: INSW's Return on Equity (11.7%) 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 ($220.2M) exceed its short term liabilities ($102.8M).
Long Term Liabilities: INSW's short term assets ($220.2M) do not cover its long term liabilities ($523.0M).
Debt to Equity History and Analysis
Debt Level: INSW's debt to equity ratio (51.6%) is considered high.
Reducing Debt: INSW's debt to equity ratio has increased from 43.1% to 51.6% over the past 5 years.
Debt Coverage: INSW's debt is well covered by operating cash flow (43.3%).
Interest Coverage: INSW's interest payments on its debt are well covered by EBIT (5x coverage).
Balance Sheet
Next Steps
Dividend
What is International Seaways's current dividend yield, its reliability and sustainability?
1.39%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: INSW's dividend (1.41%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: INSW's dividend (1.41%) is low compared to the top 25% of dividend payers in the US market (3.86%).
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 (4.1%), 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 (8.2% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
4.2yrs
Average management tenure
CEO
Lois Zabrocky (50 yo)
4.17yrs
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 ($USD1.64M).
Compensation vs Earnings: Lois's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.17yrs | US$2.82m | 0.14% $ 668.1k | |
| CFO, Senior VP & Treasurer | 4.17yrs | US$1.98m | 0.13% $ 646.5k | |
| Chief Administrative Officer | 4.17yrs | US$1.76m | 0.16% $ 780.3k | |
| VP & Chief Commercial Officer | 4.17yrs | US$1.05m | 0.049% $ 236.8k | |
| VP & Head of Ship Operations | 7yrs | US$1.04m | 0.046% $ 223.2k | |
| Head of Chartering & Investor Relations | no data | no data | no data | |
| VP & Controller | 4.17yrs | US$604.19k | 0.0069% $ 33.1k |
4.2yrs
Average Tenure
50.5yo
Average Age
Experienced Management: INSW's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.17yrs | US$2.82m | 0.14% $ 668.1k | |
| Independent Non-Executive Chairman | 4.17yrs | US$392.00k | 0.23% $ 1.1m | |
| Independent Director | 3.58yrs | US$203.00k | 0.079% $ 381.6k | |
| Independent Non-Employee Director | 4.17yrs | US$206.50k | 0.12% $ 558.6k | |
| Independent Non-Employee Director | 4.17yrs | US$200.00k | 0.052% $ 249.7k | |
| Independent Non-Employee Director | 7.5yrs | US$180.00k | 0.11% $ 524.9k | |
| Independent Non-Employee Director | 4.17yrs | US$190.00k | 0.058% $ 281.4k | |
| Independent Non-Employee Director | 4.17yrs | US$180.00k | no data |
4.2yrs
Average Tenure
63yo
Average Age
Experienced Board: INSW's board of directors are considered experienced (4.2 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
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$482.178m
- Shares outstanding: 27.98m
- 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 |
| IS5 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | 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 | 2021/01/23 00:38 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| 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.