PSHG

Performance ShippingNasdaqCM:PSHG Stock Report

Market Cap

US$25.8m

7D

4.1%

1Y

-15.9%

Updated

18 Sep, 2021

Data

Company Financials +
PSHG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance0/6
Financial Health2/6
Dividends0/6

PSHG Overview

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

Performance Shipping Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Performance Shipping
Historical stock prices
Current Share PriceUS$5.07
52 Week HighUS$3.98
52 Week LowUS$8.80
Beta1.09
1 Month Change14.45%
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

May 06
Performance Shipping (NASDAQ:PSHG) Shareholders Will Want The ROCE Trajectory To Continue

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...

Apr 21

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

Shareholder Returns

PSHGUS ShippingUS Market
7D4.1%-0.3%-0.6%
1Y-15.9%120.5%33.8%

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.

Price Volatility

Is PSHG's price volatile compared to industry and market?
PSHG volatility
PSHG Beta1.09
Industry Beta1.36
Market Beta1

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

FoundedEmployeesCEOWebsite
2010151Andreas Michalopouloshttps://www.pshipping.com

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.

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 ($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).


Future Growth

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

134.9%

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


Past Performance

How has Performance Shipping performed over the past 5 years?

52.2%

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.


Financial Health

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.


Balance Sheet


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.


Dividend

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

0.79%

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?

10.6yrs

Average board tenure


CEO

Andreas Michalopoulos (50 yo)

0.92

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 ( 10.6 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 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$25.769m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:15
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
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.