NasdaqCM:PXS

Stock Analysis Report

Executive Summary

Pyxis Tankers Inc. operates as a maritime transportation company with a focus on the tanker sector in the United States.

Rewards

Earnings are forecast to grow 112.43% per year

Risk Analysis

Has less than 1 year of cash runway

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year

Does not have a meaningful market cap ($23M)



Snowflake Analysis

Moderate growth potential with weak fundamentals.


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Capital Product Partners

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Share Price & News

How has Pyxis Tankers's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PXS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.3%

PXS

-3.7%

US Shipping

0.8%

US Market


1 Year Return

1.9%

PXS

21.7%

US Shipping

25.1%

US Market

Return vs Industry: PXS underperformed the US Shipping industry which returned 26.2% over the past year.

Return vs Market: PXS underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

PXSIndustryMarket
7 Day0.3%-3.7%0.8%
30 Day-4.4%-3.6%3.1%
90 Day-27.0%3.4%10.9%
1 Year1.9%1.9%24.2%21.7%27.7%25.1%
3 Year-60.3%-60.3%10.1%3.9%51.3%41.6%
5 Yearn/a-36.4%-43.2%77.2%57.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Pyxis Tankers undervalued compared to its fair value and its price relative to the market?

0.65x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PXS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PXS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PXS is unprofitable, so we can't compare its PE Ratio to the Shipping industry average.

PE vs Market: PXS 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 PXS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PXS is overvalued based on its PB Ratio (0.7x) compared to the US Shipping industry average (0.5x).


Next Steps

Future Growth

How is Pyxis Tankers forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

112.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PXS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: PXS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PXS's is expected to become profitable in the next 3 years.

Revenue vs Market: PXS's revenue (7.5% per year) is forecast to grow slower than the US market (7.5% per year).

High Growth Revenue: PXS's revenue (7.5% 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 PXS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Pyxis Tankers performed over the past 5 years?

-1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PXS is currently unprofitable.

Growing Profit Margin: PXS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PXS is unprofitable, and losses have increased over the past 5 years at a rate of -1.6% per year.

Accelerating Growth: Unable to compare PXS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PXS is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-48.2%).


Return on Equity

High ROE: PXS has a negative Return on Equity (-23.22%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Pyxis Tankers's financial position?


Financial Position Analysis

Short Term Liabilities: PXS's short term assets ($2.7M) do not cover its short term liabilities ($16.8M).

Long Term Liabilities: PXS's short term assets ($2.7M) do not cover its long term liabilities ($59.8M).


Debt to Equity History and Analysis

Debt Level: PXS's debt to equity ratio (182.3%) is considered high.

Reducing Debt: PXS's debt to equity ratio has increased from 126.2% to 182.3% over the past 5 years.


Balance Sheet

Inventory Level: PXS has a high level of physical assets or inventory.

Debt Coverage by Assets: PXS's debt is not covered by short term assets (assets are 0x debt).


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: PXS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PXS has less than a year of cash runway if free cash flow continues to reduce at historical rates of -88.5% each year


Next Steps

Dividend

What is Pyxis Tankers's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage3.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Pyxis Tankers's salary, the management and board of directors tenure and is there insider trading?


CEO

Eddie Valentis (52yo)

0yrs

Tenure

0

Mr. Valentios Valentis, also Known as Eddie, has been the Chairman and Chief Executive Officer of Pyxis Tankers Inc. since its inception. Mr. Valentis founded PYXIS MARITIME CORP. in 2007 and serves as its ...


Insider Trading

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 been diluted in the past year, with total shares outstanding growing by 3.2%.


Management Team

  • Henry Williams (63yo)

    CFO & Treasurer

    • Tenure: 4.4yrs
  • Konstantinos Lytras (53yo)

    COO & Company Secretary

    • Eddie Valentis (52yo)

      Chairman & CEO


      Board Members

      • Aristides Pittas (59yo)

        Independent Director

        • Basil Mavroleon (70yo)

          Independent Director

          • Robin Das (45yo)

            Independent Director

            • Eddie Valentis (52yo)

              Chairman & CEO

              Company Information

              Pyxis Tankers Inc.'s company bio, employee growth, exchange listings and data sources


              Key Information

              • Name: Pyxis Tankers Inc.
              • Ticker: PXS
              • Exchange: NasdaqCM
              • Founded: 2015
              • Industry: Marine
              • Sector: Transportation
              • Market Cap: US$22.858m
              • Shares outstanding: 21.17m
              • Website: https://www.pyxistankers.com

              Location

              • Pyxis Tankers Inc.
              • 59 K. Karamanli Street
              • Maroussi
              • 15125
              • Greece

              Listings

              TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
              PXSNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDOct 2015

              Biography

              Pyxis Tankers Inc. operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals. As of April 1, 2019, the company operated a fleet of six double hull product tankers. Pyxis Tankers Inc. was founded in 2015 and is based in Maroussi, Greece. 


              Company Analysis and Financial Data Status

              All financial data provided by Standard & Poor's Capital IQ.
              DataLast Updated (UTC time)
              Company Analysis2020/01/23 01:04
              End of Day Share Price2020/01/22 00:00
              Earnings2019/09/30
              Annual Earnings2018/12/31


              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.