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Performance Shipping Inc.NasdaqCM:PSHG Stock Report

Market Cap US$20.9m
Share Price
n/a
1Y-8.2%
7D-0.6%
1D-1.2%
Portfolio Value
​
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Performance Shipping Inc.

NasdaqCM:PSHG Stock Report

Market Cap: US$20.9m

Performance Shipping (PSHG) Stock Overview

Provides shipping transportation services through its tanker vessels worldwide. More details

PSHG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends0/6

Rewards

Trading at 98.1% below our estimate of its fair value

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 20.1% per year for the next 3 years

High level of non-cash earnings

Does not have a meaningful market cap ($21M)

Profit margins (31.9%) are lower than last year (72.1%)

+ 1 more risk

PSHG Community Fair Values

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Performance Shipping Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Performance Shipping
Historical stock prices
Current Share PriceUS$1.68
52 Week HighUS$2.58
52 Week LowUS$1.61
Beta-0.15
1 Month Change-4.55%
3 Month Change-6.15%
1 Year Change-8.17%
3 Year Change-21.50%
5 Year Change-97.64%
Change since IPO-99.90%

Recent News & Updates

Analysis Article • May 06

There Are Some Holes In Performance Shipping's (NASDAQ:PSHG) Solid Earnings Release

Shareholders didn't seem to be thrilled with Performance Shipping Inc.'s ( NASDAQ:PSHG ) recent earnings report...

Recent updates

Analysis Article • May 06

There Are Some Holes In Performance Shipping's (NASDAQ:PSHG) Solid Earnings Release

Shareholders didn't seem to be thrilled with Performance Shipping Inc.'s ( NASDAQ:PSHG ) recent earnings report...
Analysis Article • Feb 06

Here's What To Make Of Performance Shipping's (NASDAQ:PSHG) Decelerating Rates Of Return

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Dec 05

Investors Still Aren't Entirely Convinced By Performance Shipping Inc.'s (NASDAQ:PSHG) Revenues Despite 26% Price Jump

Performance Shipping Inc. ( NASDAQ:PSHG ) shares have continued their recent momentum with a 26% gain in the last month...
Analysis Article • Dec 02

Here's Why Performance Shipping (NASDAQ:PSHG) Has A Meaningful Debt Burden

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Oct 04

Performance Shipping (NASDAQ:PSHG) Is Investing Its Capital With Increasing Efficiency

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Analysis Article • Jul 04

There's Been No Shortage Of Growth Recently For Performance Shipping's (NASDAQ:PSHG) Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Mar 04

Performance Shipping (NASDAQ:PSHG) Is Experiencing Growth In Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Seeking Alpha • Sep 30

Performance Shipping to acquire Aframax tanker vessel for $35M

Performance Shipping (NASDAQ:PSHG) said Friday it will acquire the M/T Phoenix Beacon, a 105,525 dwt Aframax tanker vessel built by Hyundai Heavy Industries, from an unaffiliated third party for $35M. The vessel is fitted with a ballast water treatment system and its next scheduled special survey is not due till 2026. The M/T Phoenix Beacon is expected to be delivered to PSHG by early Dec. and will be renamed M/T P. Monterey. PSHG expects to fund the acquisition with cash on hand and debt through a new senior secured facility that it expects to enter into prior to the vessel's delivery. The latest acquisition expands PSHG's Aframax fleet from five to eight vessels in six months. "We intend to fund this acquisition with bank debt of ~$30M and the rest from available cash, still maintaining a modest overall level of financial leverage fleetwide. With the delivery of the two newly acquired Aframax tankers during Q4, our fleet will be well positioned to potentially generate significant cash flow moving forward," said PSHG CEO Andreas Michalopoulos.
Seeking Alpha • Sep 22

Performance Shipping announces time charter contract for LR2 Aframax oil product tanker

Performance Shipping (NASDAQ:PSHG) said Thursday it entered into a time charter contract with Trafigura Maritime Logistics for the LR2 Aframax oil product tanker the M/T Alpine Amalia, to be renamed P. Aliki. The gross charter rate will be $45K per day for a minimum of seven months to a maximum of ten months at the option of Trafigura and will start after the vessel's delivery to PSHG expected in Nov. The charter is expected to generate ~$9.5M-$13.7M in gross revenue, depending on the duration of the charter.
Seeking Alpha • Aug 22

Performance Shipping terminates ATM offering agreement with H.C. Wainwright

Shipping company Performance Shipping (NASDAQ:PSHG) has terminated an at-the-market offering agreement with H.C. Wainwright & Co., effective Aug. 23. PSHG said it does not intend to raise additional capital or sell additional shares under the ATM agreement. The company issued and sold 526,916 shares prior to the termination of the offering, raising net proceeds of ~$1.3M. Shares were trading +11.79% pre-market. Source: Press Release
Seeking Alpha • Aug 12

Performance Shipping plummets on pricing $15M in stock offering

Performance Shipping (NASDAQ:PSHG) entered into a securities purchase agreement with several institutional investors to purchase ~33.3M of its shares and warrants at a purchase price of $0.45 per share and accompanying warrant in a registered direct offering. The warrants will be immediately exercisable, will expire five years from issuance date and will have an initial exercise price of $0.45/share. Gross proceeds estimated to be ~$15M. The Offering is expected to close on or about Aug16, 2022.
Analysis Article • Aug 12

Health Check: How Prudently Does Performance Shipping (NASDAQ:PSHG) Use Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha • Aug 04

Performance Shipping GAAP EPS of $0.10, revenue of $16.71M

Performance Shipping press release (NASDAQ:PSHG): Q2 GAAP EPS of $0.10. Revenue of $16.71M (+83.2% Y/Y). Shares -3% PM.
Seeking Alpha • Jul 28

Performance Shipping charters M/T Blue Moon tanker vessel for $23K/day

Performance Shipping (NASDAQ:PSHG) has entered into a time charter deal with Teekay Chartering for M/T Blue Moon, one of its Aframax tanker vessels. The 2011-built, 104,623 DWT vessel was chartered at $23K/day for 24 months +/-30 days at the option of the charterer. The contract commenced on July 27, 2022 and is expected to generate ~$16.8M in gross revenue. Shares have opened today's trading with a gain, currently up 13%
Seeking Alpha • Jul 18

Performance receives Nasdaq notification regarding minimum bid price requirement

Performance Shipping (NASDAQ:PSHG) received Nasdaq notification dated July 13, 2022, regarding minimum bid price requirement. The company has grace period of 180 days or until January 9, 2023 to regain compliance. If the company fails to regain compliance with the minimum bid price requirement within the grace period, the company may be eligible for an additional 180 day grace period to regain compliance. The company will monitor the closing bid price of its common stock during this grace period and will consider its options to cure the deficiency. Shares +4.15% premarket
Seeking Alpha • Jul 05

Performance Shipping takes delivery of Aframax Tanker Vessel

Performance Shipping (NASDAQ:PSHG), through a separate wholly-owned subsidiary, it has taken delivery of the M/T P. Sophia, a 2009-built Aframax tanker of 105,071 dwt, that the company entered into an agreement to purchase in June 2022. This increases the fleet size to a total of six Aframax Tankers, all currently operating in the firm spot charter market.
Seeking Alpha • Jun 29

Performance Shipping GAAP EPS of -$3.43, revenue of $8.57M

Performance Shipping press release (NASDAQ:PSHG): Q1 GAAP EPS of -$3.43. Revenue of $8.57M (+2.0% Y/Y).
Seeking Alpha • May 30

Performance Shipping: Equity Offering Dilutes Common Shareholders At A 95% Discount To Net Asset Value - Sell

Discussing onerous terms of last week's equity offering and updating net asset value estimates. Providing additional details on the company's recent exchange offer. Friday's sell-off will likely result in the requirement to conduct another reverse stock split next year. Expect the company to announce a new second-hand vessel acquisition soon. Going forward, Performance Shipping's common shares might still provide some decent trading opportunities from time to time but long-term investors shouldn't touch the stock with a ten-foot pole.
Seeking Alpha • Jan 27

Assessing Performance Shipping's Extended Tender Offer

Performance Shipping launched and recently updated a tender offer to convert 80% of the common ultimately to preferred C shares. The offer shifts value from the common share to the preferred shares. Shareholders should consider the terms when deciding whether or not to tender.
Seeking Alpha • Jan 07

Performance Shipping - Assessing Recent Common Share Exchange Offer

Company offers to exchange 80% of outstanding common shares into newly issued Series B Preferred Shares. Exchange value amounts to $7 per common share. Annual dividend yield would calculate to approximately 8% at prevailing common share prices. Each Series B Preferred Share will be convertible into two supervoting Series C Preferred Shares for additional cash consideration of $7.50 per converted Series B Share. The company's largest shareholder has indicated its intent to ultimately convert its 46.3% stake into supervoting Series C Preferred shares thus resulting in approximately $5 million in cash proceeds to the company. Highly speculative investors might consider the common shares given heavily discounted valuation and prospects for a recovery of the crude tanker markets later this year.
Analysis Article • May 06

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...
Analysis Article • Mar 12

We Think That There Are Issues Underlying Performance Shipping's (NASDAQ:PSHG) Earnings

Despite posting some strong earnings, the market for Performance Shipping Inc.'s ( NASDAQ:PSHG ) stock hasn't moved...
Analysis Article • Feb 02

Is Performance Shipping (NASDAQ:PSHG) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Dec 11

Can Performance Shipping (NASDAQ:PSHG) Continue To Grow Its Returns On Capital?

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...

Shareholder Returns

PSHGUS ShippingUS Market
7D-0.6%-0.05%-0.9%
1Y-8.2%69.8%14.2%

Return vs Industry: PSHG underperformed the US Shipping industry which returned 69.8% over the past year.

Return vs Market: PSHG underperformed the US Market which returned 14.2% over the past year.

Price Volatility

Is PSHG's price volatile compared to industry and market?
PSHG volatility
PSHG Average Weekly Movement4.8%
Shipping Industry Average Movement5.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.3%
10% least volatile stocks in US Market2.9%

Stable Share Price: PSHG has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: PSHG's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010292Andreas Michalopouloswww.pshipping.com

Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide. As of December 31, 2025, it operated through a fleet of nine Aframax tanker vessels and two Suezmax tanker vessels with a combined carrying capacity of 1,287,118 DWT. The company was incorporated in 2010 and is based in Athens, Greece.

Performance Shipping Inc. Fundamentals Summary

How do Performance Shipping's earnings and revenue compare to its market cap?
PSHG fundamental statistics
Market capUS$20.89m
Earnings (TTM)US$36.04m
Revenue (TTM)US$113.13m
0.6x
P/E Ratio
0.2x
P/S Ratio

Is PSHG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PSHG income statement (TTM)
RevenueUS$113.13m
Cost of RevenueUS$34.66m
Gross ProfitUS$78.46m
Other ExpensesUS$42.43m
EarningsUS$36.04m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)2.90
Gross Margin69.36%
Net Profit Margin31.86%
Debt/Equity Ratio90.3%

How did PSHG perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 04:05
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Performance Shipping Inc. is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Charles FrattAlliance Global Partners
Brandon OglenskiBarclays
Kenneth HoexterBofA Global Research