Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. More Details
Very undervalued with moderate growth potential.
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.
7 Day Return
1 Year Return
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.
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
1 week ago | Simply Wall StPerformance Shipping (NASDAQ:PSHG) Shareholders Will Want The ROCE Trajectory To Continue
2 months ago | Simply Wall StWe Think That There Are Issues Underlying Performance Shipping's (NASDAQ:PSHG) Earnings
3 months ago | Simply Wall StIs Performance Shipping (NASDAQ:PSHG) Using Too Much Debt?
Is Performance Shipping undervalued compared to its fair value and its price relative to the market?
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).
How is Performance Shipping forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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
How has Performance Shipping performed over the past 5 years?
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.
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).
What is Performance Shipping current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Andreas Michalopoulos (49 yo)
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. ...
Experienced Board: PSHG's board of directors are seasoned and experienced ( 10.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Performance Shipping Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- Performance Shipping Inc.
- 373 Syngrou Avenue
- Palaio Faliro
- 175 64
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/17 22:39|
|End of Day Share Price||2021/05/17 00:00|
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.