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Market Cap

US$21.9m

Last Updated

2021/05/17 22:39 UTC

Data Sources

Company Financials +

Executive Summary

Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. More Details


Snowflake Analysis

Very undervalued with moderate growth potential.


Similar Companies

Share Price & News

How has Performance Shipping's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PSHG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: PSHG's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

0%

PSHG

-1.3%

US Shipping

-0.6%

US Market


1 Year Return

-37.9%

PSHG

100.5%

US Shipping

46.0%

US Market

Return vs Industry: PSHG underperformed the US Shipping industry which returned 108.6% over the past year.

Return vs Market: PSHG underperformed the US Market which returned 50.8% over the past year.


Shareholder returns

PSHGIndustryMarket
7 Day0%-1.3%-0.6%
30 Day-10.4%12.2%-1.8%
90 Day-39.4%18.0%0.2%
1 Year-36.6%-37.9%103.3%100.5%48.4%46.0%
3 Year-73.4%-73.9%24.4%15.3%60.5%50.4%
5 Year-100.0%-100.0%49.0%29.5%125.9%100.9%

Long-Term Price Volatility Vs. Market

How volatile is Performance Shipping's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Performance Shipping 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: PSHG ($4.3) is trading below our estimate of fair value ($20.61)

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


Price To Earnings Ratio

PE vs Industry: PSHG is good value based on its PE Ratio (5.7x) compared to the US Shipping industry average (14.8x).

PE vs Market: PSHG is good value based on its PE Ratio (5.7x) compared to the US market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: PSHG is good value based on its PEG Ratio (0.1x)


Price to Book Ratio

PB vs Industry: PSHG is good value based on its PB Ratio (0.2x) compared to the US Shipping industry average (0.9x).


Future Growth

How is Performance Shipping forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

56.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PSHG's forecast earnings growth (56.4% per year) is above the savings rate (2%).

Earnings vs Market: PSHG's earnings (56.4% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PSHG's revenue (2.7% per year) is forecast to grow slower than the US market (9% per year).

High Growth Revenue: PSHG's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PSHG's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Performance Shipping performed over the past 5 years?

33.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PSHG has a high level of non-cash earnings.

Growing Profit Margin: PSHG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PSHG has become profitable over the past 5 years, growing earnings by 33.6% per year.

Accelerating Growth: PSHG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PSHG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (194.5%).


Return on Equity

High ROE: PSHG's Return on Equity (2.4%) is considered low.


Financial Health

How is Performance Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: PSHG's short term assets ($28.4M) exceed its short term liabilities ($10.8M).

Long Term Liabilities: PSHG's short term assets ($28.4M) do not cover its long term liabilities ($50.2M).


Debt to Equity History and Analysis

Debt Level: PSHG's debt to equity ratio (59.6%) is considered high.

Reducing Debt: PSHG's debt to equity ratio has reduced from 80.1% to 59.6% over the past 5 years.

Debt Coverage: PSHG's debt is well covered by operating cash flow (22.8%).

Interest Coverage: PSHG's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


Dividend

What is Performance Shipping current dividend yield, its reliability and sustainability?

0.93%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PSHG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PSHG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PSHG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PSHG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PSHG is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PSHG's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

10.3yrs

Average board tenure


CEO

Andreas Michalopoulos (49 yo)

0.58

Tenure

Mr. Andreas Nikolaos Michalopoulos has been the Chief Executive Officer of Performance Shipping Inc. since October 2020. He served as the Chief Financial Officer and Treasurer at Performance Shipping Inc. ...


Board Members

Experienced Board: PSHG's board of directors are seasoned and experienced ( 10.3 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

Performance Shipping Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Performance Shipping Inc.
  • Ticker: PSHG
  • Exchange: NasdaqCM
  • Founded: 2010
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: US$21.856m
  • Shares outstanding: 5.08m
  • Website: https://www.pshipping.com

Number of Employees


Location

  • Performance Shipping Inc.
  • 373 Syngrou Avenue
  • Palaio Faliro
  • Athens
  • 175 64
  • Greece

Listings


Biography

Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. As of April 7, 2021, it owned and operated five Aframax tan...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/17 22:39
End of Day Share Price2021/05/17 00:00
Earnings2020/12/31
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.