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Overseas Shipholding Group

NYSE:OSG
Snowflake Description

Slightly overvalued with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OSG
NYSE
$164M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Overseas Shipholding Group, Inc. owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the United States. The last earnings update was 72 days ago. More info.


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OSG Share Price and Events
7 Day Returns
2.1%
NYSE:OSG
-2.9%
US Oil and Gas
-1.2%
US Market
1 Year Returns
-45.6%
NYSE:OSG
-16.9%
US Oil and Gas
3.4%
US Market
OSG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Overseas Shipholding Group (OSG) 2.1% 15% -5.4% -45.6% -85.3% -
US Oil and Gas -2.9% 0.2% -7.4% -16.9% -6.1% -38%
US Market -1.2% 1.2% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • OSG underperformed the Oil and Gas industry which returned -16.9% over the past year.
  • OSG underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
OSG
Industry
5yr Volatility vs Market

OSG Value

 Is Overseas Shipholding Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Overseas Shipholding Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Overseas Shipholding Group.

NYSE:OSG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:OSG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 21%) (369.21%))
2.747
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NYSE:OSG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Overseas Shipholding Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:OSG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2020 17.57 Est @ -30.53% 15.32
2021 13.96 Est @ -20.55% 10.62
2022 12.06 Est @ -13.57% 8.00
2023 11.02 Est @ -8.68% 6.38
2024 10.44 Est @ -5.26% 5.27
2025 10.14 Est @ -2.86% 4.46
2026 10.02 Est @ -1.18% 3.85
2027 10.02 Est @ -0.01% 3.36
2028 10.10 Est @ 0.81% 2.95
2029 10.24 Est @ 1.39% 2.61
Present value of next 10 years cash flows $62.82
NYSE:OSG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $10.24 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$88.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $88.25 ÷ (1 + 14.65%)10
$22.49
NYSE:OSG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $62.82 + $22.49
$85.31
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $85.31 / 85.29
$1
NYSE:OSG Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.00
Current discount Discount to share price of $1.92
= -1 x ($1.92 - $1.00) / $1.00
-92%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Overseas Shipholding Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Overseas Shipholding Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Overseas Shipholding Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:OSG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.15
NYSE:OSG Share Price ** NYSE (2019-07-19) in USD $1.92
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 12.61x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Overseas Shipholding Group.

NYSE:OSG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:OSG Share Price ÷ EPS (both in USD)

= 1.92 ÷ 0.15

13.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Overseas Shipholding Group is overvalued based on earnings compared to the US Oil and Gas industry average.
  • Overseas Shipholding Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Overseas Shipholding Group's expected growth come at a high price?
Raw Data
NYSE:OSG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
15.9%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 79 Publicly-Listed Oil and Gas Companies 0.39x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Overseas Shipholding Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Overseas Shipholding Group's assets?
Raw Data
NYSE:OSG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $3.92
NYSE:OSG Share Price * NYSE (2019-07-19) in USD $1.92
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1.06x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NYSE:OSG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:OSG Share Price ÷ Book Value per Share (both in USD)

= 1.92 ÷ 3.92

0.49x

* Primary Listing of Overseas Shipholding Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Overseas Shipholding Group is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Overseas Shipholding Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Overseas Shipholding Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

OSG Future Performance

 How is Overseas Shipholding Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Overseas Shipholding Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Overseas Shipholding Group expected to grow at an attractive rate?
  • Overseas Shipholding Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Overseas Shipholding Group's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Overseas Shipholding Group's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:OSG Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:OSG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 15.9%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:OSG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:OSG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NYSE:OSG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 353 35 13
2018-12-31 366 45 13
2018-09-30 370 50 72
2018-06-30 382 59 54
2018-03-31 383 51 54
2017-12-31 390 44 56
2017-09-30 412 149 67
2017-06-30 433 170 20
2017-03-31 455 228 11
2016-12-31 462 329 -3
2016-09-30 94 282 -262
2016-06-30 221 320 -36

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Overseas Shipholding Group's earnings are expected to grow by 15.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Overseas Shipholding Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:OSG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Overseas Shipholding Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OSG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NYSE:OSG Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.15
2018-12-31 0.15
2018-09-30 0.82
2018-06-30 0.62
2018-03-31 0.62
2017-12-31 0.64
2017-09-30 0.76
2017-06-30 0.23
2017-03-31 0.12
2016-12-31 -0.04
2016-09-30 -2.81
2016-06-30 -0.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Overseas Shipholding Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Overseas Shipholding Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Overseas Shipholding Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

OSG Past Performance

  How has Overseas Shipholding Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Overseas Shipholding Group's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Overseas Shipholding Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Overseas Shipholding Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Overseas Shipholding Group's 1-year earnings growth is negative, it can't be compared to the US Oil and Gas industry average.
Earnings and Revenue History
Overseas Shipholding Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Overseas Shipholding Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OSG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 352.87 13.02 25.24
2018-12-31 366.16 13.49 26.35
2018-09-30 369.75 72.29 26.66
2018-06-30 382.48 54.03 26.58
2018-03-31 383.34 54.19 26.02
2017-12-31 390.43 55.96 27.34
2017-09-30 412.39 66.99 27.61
2017-06-30 433.30 20.45 31.40
2017-03-31 455.46 10.70 36.75
2016-12-31 462.42 -3.45 41.35
2016-09-30 93.74 -262.39 37.98
2016-06-30 221.31 -36.18 49.24
2016-03-31 348.41 28.79 55.18
2015-12-31 466.87 80.41 61.54
2015-09-30 937.71 301.22 79.32
2015-06-30 902.24 138.48 78.19
2015-03-31 898.53 -121.92 81.85
2014-12-31 440.42 -143.21 52.45
2014-09-30 1,013.61 -626.08 94.49
2014-06-30 1,074.67 -635.74 97.35
2014-03-31 1,061.00 -457.92 102.56
2013-12-31 1,016.00 -638.23 100.87
2013-09-30 998.79 -555.72 91.78
2013-06-30 1,015.65 -582.47 90.68
2013-03-31 1,078.89 -611.02 87.44
2012-12-31 1,123.83 -480.11 88.85
2012-09-30 1,125.68 -172.79 82.68

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Overseas Shipholding Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Overseas Shipholding Group used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Overseas Shipholding Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Overseas Shipholding Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Overseas Shipholding Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

OSG Health

 How is Overseas Shipholding Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Overseas Shipholding Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Overseas Shipholding Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Overseas Shipholding Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Overseas Shipholding Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Overseas Shipholding Group Company Filings, last reported 3 months ago.

NYSE:OSG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 334.01 341.52 75.60
2018-12-31 329.47 345.54 80.42
2018-09-30 333.39 377.58 123.98
2018-06-30 320.83 376.66 130.97
2018-03-31 317.26 375.76 111.47
2017-12-31 313.24 448.94 165.99
2017-09-30 259.27 491.65 199.73
2017-06-30 264.30 508.73 204.58
2017-03-31 259.39 512.03 198.08
2016-12-31 254.33 525.08 191.09
2016-09-30 1,414.87 981.74 313.23
2016-06-30 1,547.98 1,116.91 455.83
2016-03-31 1,535.41 1,143.69 402.01
2015-12-31 1,580.49 691.04 193.98
2015-09-30 1,562.40 1,558.71 628.02
2015-06-30 1,392.97 1,662.66 646.27
2015-03-31 1,326.27 1,665.61 477.32
2014-12-31 1,286.09 1,668.67 389.23
2014-09-30 1,267.60 1,671.38 296.35
2014-06-30 -255.85 2,594.61 644.91
2014-03-31 -51.33 2,557.45 638.68
2013-12-31 -60.25 2,562.75 601.93
2013-09-30 373.25 2,558.70 570.63
2013-06-30 369.92 2,564.11 586.78
2013-03-31 372.86 2,564.68 556.62
2012-12-31 534.25 2,570.88 507.52
2012-09-30 891.08 2,576.07 566.88
  • Overseas Shipholding Group's level of debt (102.2%) compared to net worth is high (greater than 40%).
  • Overseas Shipholding Group had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is not well covered by operating cash flow (10.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Overseas Shipholding Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Overseas Shipholding Group has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

OSG Dividends

 What is Overseas Shipholding Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Overseas Shipholding Group dividends.
If you bought $2,000 of Overseas Shipholding Group shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Overseas Shipholding Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Overseas Shipholding Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:OSG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:OSG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NYSE:OSG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-03-12 0.000 0.000
2018-03-09 0.000 0.000
2017-11-09 0.000 0.000
2017-08-09 0.000 0.000
2017-05-10 0.000 0.000
2017-03-09 0.000 0.000
2017-03-07 0.000 0.000
2016-11-09 0.000 0.000
2016-05-04 0.000 0.000
2016-03-01 1.920 15.433

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Overseas Shipholding Group has not reported any payouts.
  • Unable to verify if Overseas Shipholding Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Overseas Shipholding Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Overseas Shipholding Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Overseas Shipholding Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Overseas Shipholding Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Overseas Shipholding Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OSG Management

 What is the CEO of Overseas Shipholding Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Samuel Norton
COMPENSATION $3,334,682
AGE 60
TENURE AS CEO 2.6 years
CEO Bio

Mr. Samuel H. Norton, also known as Sam, has been the Chief Executive Officer and President of Overseas Shipholding Group, Inc. since December 29, 2016 and served as its Senior Vice President since July 17, 2016 until December 29, 2016. Mr. Norton served as the Chief Executive Officer of the U.S. Flag Strategic Business Unit and President of the U.S. Flag Strategic Business Unit at Overseas Shipholding Group Inc. since July 17, 2016 until December 29, 2016. Mr. Norton Co-founded SeaChange Maritime, LLC in 2006 and has been its Chairman and Chief Executive Officer since 2006. He spent the 17 year period ending July 2005 as a senior executive officer at Tanker Pacific Management (Singapore) Pte. Ltd. In 1995, Mr. Norton initiated and lead the entry of the Sammy Ofer Group into the container segment and acquired and operated the first container vessels in the group's fleet. While at Tanker Pacific, he also conceived and started a related business, Tanker Pacific Offshore Terminals (TPOT), which owns and operates a fleet of floating, offshore oil storage terminals (FSO). Prior to joining the Ofer group, Mr. Norton played a lead role in the Asian distressed assets group of the First National Bank of Boston, a position which acquainted him with the shipping industry and the Ofer family. He has been a Director of Overseas Shipholding Group Inc. since August 05, 2014. Mr. Norton holds a BA in Chinese Language and Literature from Dartmouth College where he graduated in 1981.

CEO Compensation
  • Samuel's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Samuel's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Overseas Shipholding Group management team in years:

2.6
Average Tenure
56
Average Age
  • The tenure for the Overseas Shipholding Group management team is about average.
Management Team

Samuel Norton

TITLE
President
COMPENSATION
$3M
AGE
60
TENURE
2.6 yrs

Dick Trueblood

TITLE
VP & CFO
COMPENSATION
$854K
AGE
73
TENURE
2 yrs

Patrick O’Halloran

TITLE
COO & VP
COMPENSATION
$742K
AGE
49
TENURE
2.6 yrs

Damon Mote

TITLE
VP & Chief Administrative Officer
COMPENSATION
$744K
AGE
51
TENURE
2.6 yrs

Susan Allan

TITLE
VP, General Counsel & Corporate Secretary
COMPENSATION
$575K
AGE
56
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Overseas Shipholding Group board of directors in years:

3.9
Average Tenure
61.5
Average Age
  • The tenure for the Overseas Shipholding Group board of directors is about average.
Board of Directors

Doug Wheat

TITLE
Chairman of the Board
COMPENSATION
$271K
AGE
68
TENURE
4.6 yrs

Samuel Norton

TITLE
President
COMPENSATION
$3M
AGE
60
TENURE
4.9 yrs

Anja Manuel

TITLE
Director
COMPENSATION
$174K
AGE
44
TENURE
2.1 yrs

Pat Reddy

TITLE
Director
COMPENSATION
$130K
AGE
66
TENURE
1.1 yrs

Julie Silcock

TITLE
Director
COMPENSATION
$129K
AGE
63
TENURE
1.1 yrs

Gene Taylor

TITLE
Director
COMPENSATION
$178K
AGE
65
TENURE
4.9 yrs

Joe Kronsberg

TITLE
Director
COMPENSATION
$158K
AGE
36
TENURE
3.9 yrs

Ty Wallach

TITLE
Non-Employee Director
COMPENSATION
$82K
AGE
47
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Overseas Shipholding Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Jun 19 Buy Douglas Wheat Individual 10. Jun 19 10. Jun 19 25,000 $1.66 $41,560
05. Jun 19 Buy Samuel Norton Individual 04. Jun 19 05. Jun 19 12,339 $1.61 $19,809
04. Jun 19 Buy Samuel Norton Individual 31. May 19 03. Jun 19 20,427 $1.52 $30,575
31. May 19 Buy Samuel Norton Individual 29. May 19 30. May 19 26,903 $1.53 $40,968
29. May 19 Buy Samuel Norton Individual 24. May 19 28. May 19 50,000 $1.70 $82,860
12. Apr 19 Sell CF Partners Capital Management LLP Company 29. Nov 18 14. Feb 19 -305,900 $2.31 $-599,629
12. Apr 19 Buy CF Partners Capital Management LLP Company 20. Nov 18 10. Apr 19 1,309,712 $2.28 $0
15. Mar 19 Buy Cyrus Capital Partners, L.P. Company 13. Mar 19 13. Mar 19 8,585,152 $1.90 $16,311,789
15. Mar 19 Sell BlueMountain Capital Management LLC Company 15. Feb 19 13. Mar 19 -7,876,107 $2.07 $-16,303,541
14. Mar 19 Buy Douglas Wheat Individual 13. Mar 19 13. Mar 19 50,000 $1.83 $91,290
13. Dec 18 Buy Samuel Norton Individual 11. Dec 18 12. Dec 18 100,000 $1.97 $196,625
20. Nov 18 Buy CF Partners Capital Management LLP Company 20. Sep 18 19. Nov 18 4,002,967 $3.45 $13,810,236
16. Nov 18 Buy Samuel Norton Individual 15. Nov 18 15. Nov 18 15,000 $2.18 $32,687
16. Nov 18 Buy Douglas Wheat Individual 14. Nov 18 14. Nov 18 50,000 $2.00 $99,860
21. Aug 18 Sell Paulson & Co. Inc. Company 17. Aug 18 20. Aug 18 -1,936,431 $3.32 $-6,368,951
X
Management checks
We assess Overseas Shipholding Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Overseas Shipholding Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

OSG News

Simply Wall St News

What Kind Of Shareholders Own Overseas Shipholding Group Inc (NYSE:OSG)?

If you want to know who really controls Overseas Shipholding Group Inc (NYSE:OSG), then you'll have to look at the makeup of its share registry. … Overseas Shipholding Group is a smaller company with a market capitalization of US$269m, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company.

Simply Wall St -

Does Overseas Shipholding Group Inc's (NYSE:OSG) P/E Ratio Signal A Buying Opportunity?

To keep it practical, we'll show how Overseas Shipholding Group Inc's (NYSE:OSG) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Overseas Shipholding Group's P/E ratio is 4.81. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Overseas Shipholding Group Inc's (NYSE:OSG) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Overseas Shipholding Group Inc (NYSE:OSG) with its market cap of US$286.7m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Is Overseas Shipholding Group Inc (NYSE:OSG) A Buy At Its Current PE Ratio?

This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to better understand how you can grow your money by investing in Overseas Shipholding Group Inc (NYSE:OSG). … Overseas Shipholding Group Inc (NYSE:OSG) is currently trading at a trailing P/E of 6.2x, which is lower than the industry average of 13.3x.

Simply Wall St -

NYSE Top Cheap Stocks – Overseas Shipholding Group And More

OSG's shares are currently trading at -47% lower than its actual value of $3.5, at the market price of $1.85, according to my discounted cash flow model. … PWBO's shares are currently floating at around -83% beneath its value of $71.28, at a price tag of $12, according to my discounted cash flow model. … GDP's shares are now hovering at around -82% under its intrinsic value of $60.41, at a price of $10.84, based on my discounted cash flow model.

Simply Wall St -

OSG Company Info

Description

Overseas Shipholding Group, Inc. owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the United States. At December 31, 2018, the company owned or operated a fleet of 21 vessels totaling an aggregate of approximately 900,000 deadweight tons. It serves independent oil traders, refinery operators, and the United States and international government entities. Overseas Shipholding Group, Inc. was founded in 1948 and is headquartered in Tampa, Florida.

Details
Name: Overseas Shipholding Group, Inc.
OSG
Exchange: NYSE
Founded: 1948
$163,762,081
85,292,751
Website: http://www.osg.com
Address: Overseas Shipholding Group, Inc.
Two Harbour Place,
302 Knights Run Avenue,
Tampa,
Florida, 33602,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE OSG Class A Common Stock New York Stock Exchange US USD 01. Dec 2015
DB 19O COM USD0.01 CL A (POST REV SPLT) Deutsche Boerse AG DE EUR 18. Nov 2016
Number of employees
Current staff
Staff numbers
1,061
Overseas Shipholding Group employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/21 01:11
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2017/03/07
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.