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INSW

International Seaways NYSE:INSW Stock Report

Last Price

US$35.13

Market Cap

US$1.7b

7D

4.3%

1Y

84.8%

Updated

02 Oct, 2022

Data

Company Financials +
INSW fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

INSW Stock 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

Price History & Performance

Summary of all time highs, changes and price drops for International Seaways
Historical stock prices
Current Share PriceUS$35.13
52 Week HighUS$36.72
52 Week LowUS$13.05
Beta0.031
1 Month Change14.65%
3 Month Change66.02%
1 Year Change84.80%
3 Year Change69.30%
5 Year Change74.00%
Change since IPO171.27%

Recent News & Updates

Sep 12

International Seaways goes ex-dividend tomorrow

International Seaways (NYSE:INSW) had declared $0.12/share quarterly dividend, in line with previous. Payable Sept. 28; for shareholders of record Sept. 14; ex-div Sept. 13. See INSW Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

INSWUS Oil and GasUS Market
7D4.3%2.2%-2.5%
1Y84.8%32.0%-23.2%

Return vs Industry: INSW exceeded the US Oil and Gas industry which returned 32% over the past year.

Return vs Market: INSW exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is INSW's price volatile compared to industry and market?
INSW volatility
INSW Average Weekly Movement7.1%
Oil and Gas Industry Average Movement8.0%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: INSW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: INSW's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19992,061Lois 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 in two segments, Crude Tankers and Product Carriers. As of December 31, 2021, the company owned and operated a fleet of 83 vessels, which include 12 chartered-in vessels, 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$1.75b
Earnings (TTM)-US$45.54m
Revenue (TTM)US$469.17m

3.7x

P/S Ratio

-38.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
INSW income statement (TTM)
RevenueUS$469.17m
Cost of RevenueUS$295.74m
Gross ProfitUS$173.42m
Other ExpensesUS$218.97m
Earnings-US$45.54m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.92
Gross Margin36.96%
Net Profit Margin-9.71%
Debt/Equity Ratio87.3%

How did INSW perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

-32%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is INSW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for INSW?

Other financial metrics that can be useful for relative valuation.

INSW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.6x
Enterprise Value/EBITDA21.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does INSW's PS Ratio compare to its peers?

INSW PS Ratio vs Peers
The above table shows the PS ratio for INSW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.6x
HEP Holly Energy Partners
4.2x2.1%US$2.1b
STNG Scorpio Tankers
2.7x-8.1%US$2.3b
NS NuStar Energy
0.9x2.9%US$1.5b
FRO Frontline
2.7x17.6%US$2.4b
INSW International Seaways
3.7x11.7%US$1.7b

Price-To-Sales vs Peers: INSW is expensive based on its Price-To-Sales Ratio (3.7x) compared to the peer average (2.6x).


Price to Earnings Ratio vs Industry

How does INSW's PE Ratio compare vs other companies in the US Oil and Gas Industry?

Price-To-Sales vs Industry: INSW is expensive based on its Price-To-Sales Ratio (3.7x) compared to the US Oil and Gas industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

What is INSW's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

INSW PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.7x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: INSW is expensive based on its Price-To-Sales Ratio (3.7x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).


Share Price vs Fair Value

What is the Fair Price of INSW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: INSW ($35.13) is trading below our estimate of fair value ($189.42)

Significantly Below Fair Value: INSW is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is International Seaways forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


39.4%

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 (1.9%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: INSW's revenue (11.7% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: INSW's revenue (11.7% per year) is forecast to grow slower 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 (18.6%).


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Past Performance

How has International Seaways performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.7%

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 7.7% 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 (184.6%).


Return on Equity

High ROE: INSW has a negative Return on Equity (-3.78%), as it is currently unprofitable.


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Financial Health

How is International Seaways's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: INSW's short term assets ($435.0M) exceed its short term liabilities ($208.9M).

Long Term Liabilities: INSW's short term assets ($435.0M) do not cover its long term liabilities ($924.2M).


Debt to Equity History and Analysis

Debt Level: INSW's net debt to equity ratio (68.5%) is considered high.

Reducing Debt: INSW's debt to equity ratio has increased from 40% to 87.3% 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: INSW has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if INSW has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is International Seaways's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.37%

Current Dividend Yield

Dividend Yield vs Market

International Seaways Dividend Yield vs Market
How does International Seaways dividend yield compare to the market?
SegmentDividend Yield
Company (International Seaways)1.4%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Oil and Gas)5.0%
Analyst forecast in 3 Years (International Seaways)1.3%

Notable Dividend: INSW's dividend (1.37%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: INSW's dividend (1.37%) is low compared to the top 25% of dividend payers in the US market (4.73%).


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's dividend payments have increased, but the company has only paid a dividend for 3 years.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: INSW is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

5.9yrs

Average management tenure


CEO

Lois Zabrocky (52 yo)

4.42yrs

Tenure

US$3,052,550

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

Lois Zabrocky's Compensation vs International Seaways Earnings
How has Lois Zabrocky's remuneration changed compared to International Seaways's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$46m

Mar 31 2022n/an/a

-US$133m

Dec 31 2021US$3mUS$675k

-US$134m

Sep 30 2021n/an/a

-US$216m

Jun 30 2021n/an/a

-US$135m

Mar 31 2021n/an/a

-US$52m

Dec 31 2020US$3mUS$672k

-US$6m

Sep 30 2020n/an/a

US$127m

Jun 30 2020n/an/a

US$102m

Mar 31 2020n/an/a

US$21m

Dec 31 2019US$3mUS$615k

-US$830k

Sep 30 2019n/an/a

-US$10m

Jun 30 2019n/an/a

-US$46m

Mar 31 2019n/an/a

-US$49m

Dec 31 2018US$2mUS$600k

-US$89m

Sep 30 2018n/an/a

-US$187m

Jun 30 2018n/an/a

-US$161m

Mar 31 2018n/an/a

-US$153m

Dec 31 2017US$2mUS$525k

-US$106m

Sep 30 2017n/an/a

-US$73m

Jun 30 2017n/an/a

-US$102m

Mar 31 2017n/an/a

-US$60m

Dec 31 2016US$2mUS$525k

-US$18m

Sep 30 2016n/an/a

US$77m

Jun 30 2016n/an/a

US$180m

Mar 31 2016n/an/a

US$197m

Dec 31 2015US$2mUS$525k

US$173m

Compensation vs Market: Lois's total compensation ($USD3.05M) is below average for companies of similar size in the US market ($USD5.58M).

Compensation vs Earnings: Lois's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: INSW's management team is seasoned and experienced (5.9 years average tenure).


Board Members

Experienced Board: INSW's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: INSW insiders have only sold shares in the past 3 months.


Recent Insider Transactions

NYSE:INSW Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
09 Sep 22SellUS$504,751Ian BlackleyIndividual15,499US$32.57
29 Aug 22SellUS$617,058Douglas WheatIndividual20,000US$30.85
11 Aug 22SellUS$42,982Adewale OshodiIndividual1,495US$28.75
15 Jun 22SellUS$156,750James SmallIndividual7,000US$22.39
10 Jun 22SellUS$444,224James SmallIndividual19,000US$23.38
04 May 22BuyUS$4,894,991Greenwich Holdings Ltd.Company231,308US$21.71
27 Apr 22BuyUS$173,005,348Greenwich Holdings Ltd.Company8,035,548US$21.53
21 Apr 22SellUS$21,051,429Cyrus Capital Partners, L.P.Company975,000US$21.65
12 Apr 22SellUS$19,877,574Cyrus Capital Partners, L.P.Company1,000,000US$20.18
01 Dec 21BuyUS$21,184William NugentIndividual1,500US$14.12
09 Nov 21SellUS$838,050Cyrus Capital Partners, L.P.Company44,200US$18.97

Ownership Breakdown

What is the ownership structure of INSW?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders717,8031.4%
General Public4,156,3628.4%
Private Companies8,381,93116.9%
Institutions36,439,63673.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 76.04% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
16.63%
Greenwich Holdings Ltd.
8,266,856$290.4m0%no data
7.3%
The Vanguard Group, Inc.
3,628,381$127.5m4.71%no data
6.74%
Donald Smith & Co., Inc.
3,350,925$117.7m-6.17%5%
6.68%
BlackRock, Inc.
3,321,997$116.7m1.27%no data
4.59%
Cobas Asset Management, SGIIC, SA
2,282,537$80.2m-46.81%5.79%
4.27%
Dimensional Fund Advisors LP
2,121,398$74.5m15.4%0.02%
3.54%
Cyrus Capital Partners, L.P.
1,760,167$61.8m-55.83%18.67%
2.95%
T. Rowe Price Group, Inc.
1,467,700$51.6m-30.6%0.01%
2.79%
azValor Asset Management SGIIC, S.A.U.
1,385,235$48.7m0%2.86%
2.29%
Brightlight Capital Management LP
1,137,000$39.9m0%25.91%
2.22%
State Street Global Advisors, Inc.
1,101,570$38.7m3.4%no data
1.62%
Millennium Management LLC
804,101$28.2m0%0.04%
1.58%
Geode Capital Management, LLC
785,060$27.6m-0.26%no data
1.31%
Frontier Capital Management Co LLC
649,826$22.8m-28.69%0.23%
1.31%
Private Management Group, Inc.
649,373$22.8m-7.39%1.08%
1.26%
Charles Schwab Investment Management, Inc.
626,887$22.0m-2.17%0.01%
1.25%
Loomis Sayles & Company, L.P.
622,082$21.9m-0.28%0.04%
1.15%
Hamblin Watsa Investment Counsel Ltd.
572,954$20.1m0%0.98%
1.02%
Northern Trust Global Investments
507,975$17.8m3.4%no data
0.96%
Hosking Partners LLP
478,211$16.8m-15.65%0.56%
0.95%
Thompson, Siegel & Walmsley LLC
472,685$16.6m-20.52%0.21%
0.91%
Bridgeway Capital Management, LLC
453,983$15.9m-31.82%0.37%
0.91%
Mangrove Partners
453,071$15.9m28.64%1.3%
0.9%
Greenlight Capital, Inc.
449,130$15.8m-56.1%1.12%
0.89%
Pendal Group Limited
441,193$15.5m-21.41%0.14%

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
  • Implied Market Cap: US$1.746b
  • Shares outstanding: 49.70m
  • Website: https://intlseas.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
IS5DB (Deutsche Boerse AG)YesCommon StockDEEURDec 2016
INSW NBMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNDec 2016

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.