DSX Stock Overview
Diana Shipping Inc. provides shipping transportation services.
Diana Shipping Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$4.20|
|52 Week High||US$6.36|
|52 Week Low||US$1.62|
|1 Month Change||-16.17%|
|3 Month Change||-15.49%|
|1 Year Change||150.00%|
|3 Year Change||20.00%|
|5 Year Change||40.94%|
|Change since IPO||-75.72%|
Recent News & Updates
Diana Shipping: Irrational Market Reaction Creates Nice Entry Opportunity
Diana Shipping's earnings are smoother than those of its peers due to the defensive nature of its management. The proposed spin-off will enhance the value of the company removing three of its oldest vessels. The company recently signed a time charter at a significant premium to their TCE rate and with a duration of at least one year. DSX's share is currently trading at the 200-day moving average, thus it represents a nice entry opportunity.
Diana Shipping - Discussing Proposed OceanPal Spin-Off
Leading dry bulk carrier announces $0.10 cash dividend and surprise spin-off of three vintage vessels into a new, spot market-focused company named OceanPal. Diana Shipping has granted OceanPal the right of first refusal over six additional dry bulk carriers and any available spot-chartering opportunity. While OceanPal won't have any long-term debt initially, Diana Shipping will be compensated with a yet-to-be-specified amount of 8% Series C Preferred Stock. Diana Shipping will retain control of OceanPal via a new series of preferred supervoting stock and common shares issued to management in the upcoming spin-off. While Diana Shipping remains a rather conservative play on the dry bulk shipping industry, OceanPal will be a bet on elevated spot market rates taking hold for at least the next couple of quarters. Given the company's stated fleet expansion plans, investors need to be wary of potential dilution going forward.
Is There An Opportunity With Diana Shipping Inc.'s (NYSE:DSX) 41% Undervaluation?
How far off is Diana Shipping Inc. ( NYSE:DSX ) from its intrinsic value? Using the most recent financial data, we'll...
|DSX||US Shipping||US Market|
Return vs Industry: DSX exceeded the US Shipping industry which returned 59.4% over the past year.
Return vs Market: DSX exceeded the US Market which returned 20% over the past year.
|DSX Average Weekly Movement||8.6%|
|Shipping Industry Average Movement||8.2%|
|Market Average Movement||6.0%|
|10% most volatile stocks in US Market||15.0%|
|10% least volatile stocks in US Market||2.3%|
Stable Share Price: DSX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: DSX's weekly volatility (9%) has been stable over the past year.
About the Company
Diana Shipping Inc. provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 11, 2021, it operated a fleet of 37 dry bulk vessels, including 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax, and 11 Panamax), as well as one Panamax dry bulk vessel.
Diana Shipping Fundamentals Summary
|DSX fundamental statistics|
Is DSX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DSX income statement (TTM)|
|Cost of Revenue||US$88.08m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.036|
|Net Profit Margin||1.62%|
How did DSX perform over the long term?See historical performance and comparison
9.5%Current Dividend Yield
Is Diana 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: DSX ($4.2) is trading below our estimate of fair value ($16.95)
Significantly Below Fair Value: DSX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DSX is poor value based on its PE Ratio (117.9x) compared to the US Shipping industry average (5.5x).
PE vs Market: DSX is poor value based on its PE Ratio (117.9x) compared to the US market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: DSX is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: DSX's PB Ratio (0.9x) is in line with the US Shipping industry average.
How is Diana Shipping forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DSX's forecast earnings growth (74.9% per year) is above the savings rate (2%).
Earnings vs Market: DSX's earnings (74.9% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DSX's revenue (11.5% per year) is forecast to grow faster than the US market (10.1% per year).
High Growth Revenue: DSX's revenue (11.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DSX's Return on Equity is forecast to be low in 3 years time (11.2%).
How has Diana Shipping performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DSX has high quality earnings.
Growing Profit Margin: DSX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: DSX has become profitable over the past 5 years, growing earnings by 31.2% per year.
Accelerating Growth: DSX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: DSX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (517.7%).
Return on Equity
High ROE: DSX's Return on Equity (2.1%) is considered low.
How is Diana Shipping's financial position?
Financial Position Analysis
Short Term Liabilities: DSX's short term assets ($161.0M) exceed its short term liabilities ($62.3M).
Long Term Liabilities: DSX's short term assets ($161.0M) do not cover its long term liabilities ($462.9M).
Debt to Equity History and Analysis
Debt Level: DSX's net debt to equity ratio (69.4%) is considered high.
Reducing Debt: DSX's debt to equity ratio has increased from 56.4% to 104.5% over the past 5 years.
Debt Coverage: DSX's debt is not well covered by operating cash flow (7.6%).
Interest Coverage: DSX's interest payments on its debt are not well covered by EBIT (1.5x coverage).
What is Diana Shipping current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DSX's dividend (9.52%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: DSX's dividend (9.52%) is in the top 25% of dividend payers in the US market (3.63%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether DSX's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if DSX's dividend payments are increasing as they only just started paying a dividend.
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: DSX's dividends in 3 years are not forecast to be well covered by earnings (130.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Semiramis Paliou (46 yo)
Mrs. Semiramis Paliou serves as Chief Executive Officer at Diana Shipping Inc. since March 1, 2021. Mrs. Paliou served as the Deputy Chief Executive Officer at Diana Shipping Inc. since October 25, 2019 un...
Experienced Management: DSX's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: DSX's board of directors are seasoned and experienced ( 16.7 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.
Diana Shipping Inc.'s employee growth, exchange listings and data sources
- Name: Diana Shipping Inc.
- Ticker: DSX
- Exchange: NYSE
- Founded: 1999
- Industry: Marine
- Sector: Transportation
- Market Cap: US$360.270m
- Shares outstanding: 85.78m
- Website: https://www.dianashippinginc.com
Number of Employees
- Diana Shipping Inc.
- Pendelis 16
- Palaio Faliro
- 175 64
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/01 00:05|
|End of Day Share Price||2021/11/30 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.