Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide.
Performance Shipping Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$5.07|
|52 Week High||US$3.98|
|52 Week Low||US$8.80|
|1 Month Change||14.45%|
|3 Month Change||-8.15%|
|1 Year Change||-15.93%|
|3 Year Change||-57.75%|
|5 Year Change||-100.00%|
|Change since IPO||-100.00%|
Recent News & Updates
Performance Shipping (NASDAQ:PSHG) Shareholders Will Want The ROCE Trajectory To Continue
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Performance Shipping: Aggressive Fleet Expansion Targets Likely To Result In Material Dilution Again
Photo by AvigatorPhotographer/iStock via Getty Images Note: I have covered Performance Shipping (PSHG) (formerly DCIX) previously, so investors should view this as an update to my earlier articles on the company. In early November, I advised speculative investors and traders to put shares of small Greece-based Aframax tanker operator Performance
|PSHG||US Shipping||US Market|
Return vs Industry: PSHG underperformed the US Shipping industry which returned 120.5% over the past year.
Return vs Market: PSHG underperformed the US Market which returned 33.8% over the past year.
Stable Share Price: PSHG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: PSHG's weekly volatility (8%) has been stable over the past year.
About the Company
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 tanker vessels with a combined carrying capacity of 546,094 dwt. The company was incorporated in 2010 and is based in Athens, Greece.
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 ($5.07) is trading below our estimate of fair value ($27.41)
Significantly Below Fair Value: PSHG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PSHG is unprofitable, so we can't compare its PE Ratio to the US Shipping industry average.
PE vs Market: PSHG is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PSHG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PSHG is good value based on its PB Ratio (0.3x) compared to the US Shipping industry average (1.2x).
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 is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PSHG is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PSHG is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PSHG's revenue (12.4% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: PSHG's revenue (12.4% 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 is currently unprofitable.
Growing Profit Margin: PSHG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PSHG is unprofitable, but has reduced losses over the past 5 years at a rate of 52.2% per year.
Accelerating Growth: Unable to compare PSHG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PSHG is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (359.5%).
Return on Equity
High ROE: PSHG has a negative Return on Equity (-9%), as it is currently unprofitable.
How is Performance Shipping's financial position?
Financial Position Analysis
Short Term Liabilities: PSHG's short term assets ($22.1M) exceed its short term liabilities ($11.9M).
Long Term Liabilities: PSHG's short term assets ($22.1M) do not cover its long term liabilities ($46.3M).
Debt to Equity History and Analysis
Debt Level: PSHG's debt to equity ratio (58.8%) is considered high.
Reducing Debt: PSHG's debt to equity ratio has reduced from 81% to 58.8% over the past 5 years.
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: PSHG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PSHG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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 (50 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 ( 10.6 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 employee growth, exchange listings and data sources
- Name: Performance Shipping Inc.
- Ticker: PSHG
- Exchange: NasdaqCM
- Founded: 2010
- Industry: Marine
- Sector: Transportation
- Market Cap: US$25.769m
- Shares outstanding: 5.08m
- Website: https://www.pshipping.com
Number of Employees
- Performance Shipping Inc.
- 373 Syngrou Avenue
- Palaio Faliro
- 175 64
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 22:15|
|End of Day Share Price||2021/09/17 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.