NYSE:DSX

Stock Analysis Report

Executive Summary

Diana Shipping Inc. provides shipping transportation services.

Snowflake

Fundamentals

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has Diana Shipping's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.9%

DSX

0.1%

US Shipping

0.5%

US Market


1 Year Return

-5.2%

DSX

-1.3%

US Shipping

6.8%

US Market

Return vs Industry: DSX underperformed the US Shipping industry which returned -1.3% over the past year.

Return vs Market: DSX underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

DSXIndustryMarket
7 Day4.9%0.1%0.5%
30 Day9.1%1.8%-0.8%
90 Day-3.0%3.3%-0.9%
1 Year-5.2%-5.2%0.3%-1.3%9.2%6.8%
3 Year43.8%43.8%21.1%12.8%45.6%36.2%
5 Year-58.3%-58.3%-59.1%-62.3%63.2%45.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Diana Shipping undervalued compared to its fair value and its price relative to the market?

28.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DSX ($3.61) is trading below our estimate of fair value ($5.06)

Significantly Below Fair Value: DSX is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: DSX is poor value based on its PE Ratio (26.9x) compared to the Shipping industry average (26x).

PE vs Market: DSX is poor value based on its PE Ratio (26.9x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: DSX is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: DSX is good value based on its PB Ratio (0.6x) compared to the US Shipping industry average (0.6x).


Next Steps

Future Growth

How is Diana Shipping forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

80.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DSX's forecast earnings growth (80.2% per year) is above the savings rate (2.7%).

Earnings vs Market: DSX's earnings (80.2% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DSX's revenue (4.2% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: DSX's revenue (4.2% 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 (7.4%).


Next Steps

Past Performance

How has Diana Shipping performed over the past 5 years?

-30.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DSX has become profitable over the past 5 years, growing earnings by -30.1% 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 (-62.3%).


Return on Equity

High ROE: DSX's Return on Equity (3.2%) is considered low.


Return on Assets

ROA vs Industry: DSX's Return on Assets is below or equal to the Shipping industry average last year.


Return on Capital Employed

ROCE Improving: DSX's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Diana Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: DSX's short term assets ($144.8M) exceeds its short term liabilities ($125.2M)

Long Term Liabilities: DSX's short term assets (144.8M) do not cover its long term liabilities (395.7M)


Debt to Equity History and Analysis

Debt Level: DSX's debt to equity ratio (81.2%) is considered high

Reducing Debt: DSX's debt to equity ratio has increased from 29% to 81.2% over the past 5 years.

Debt Coverage: DSX's debt is not well covered by operating cash flow (16.1%).

Interest Coverage: DSX's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet

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

Debt Coverage by Assets: DSX's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

Dividend

What is Diana Shipping's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: DSX is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

  • Explore strong dividend paying companies in the Transportation industry.

Management

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

14.4yrs

Average management tenure


CEO

Simeon Palios (78yo)

14.7yrs

Tenure

0

Mr. Symeon P. Palios has been the Chairman of the Board and Chief Executive Officer at Diana Shipping Inc. since February 21, 2005. Mr. Palios has been the Chairman of the Board and Chief Executive Officer ...


Management Age and Tenure

14.4yrs

Average Tenure

47.5yo

Average Age

Experienced Management: DSX's management team is seasoned and experienced (14.4 years average tenure).


Board Age and Tenure

14.6yrs

Average Tenure

68.5yo

Average Age

Experienced Board: DSX's board of directors are seasoned and experienced ( 14.6 years average tenure).


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


Management Team

  • Ioannis Zafirakis (47yo)

    Chief Strategy Officer

    • Tenure: 20.6yrs
  • Simeon Palios (78yo)

    Chairman of the Board & CEO

    • Tenure: 14.7yrs
  • Anastasios Margaronis (63yo)

    President & Director

    • Tenure: 14.7yrs
  • Maria Dede (46yo)

    Chief Accounting Officer

    • Tenure: 14.1yrs
  • Andreas Michalopoulos (48yo)

    CFO, Treasurer & Director

    • Tenure: 1.2yrs
  • Semiramis Paliou (44yo)

    COO & Director

    • Tenure: 4.6yrs

Board Members

  • Ioannis Zafirakis (47yo)

    Chief Strategy Officer

    • Tenure: 20.6yrs
  • Konstantinos Psaltis (80yo)

    Independent Director

    • Tenure: 14.6yrs
  • Simeon Palios (78yo)

    Chairman of the Board & CEO

    • Tenure: 14.7yrs
  • Anastasios Margaronis (63yo)

    President & Director

    • Tenure: 14.7yrs
  • Bill Lawes (75yo)

    Independent Director

    • Tenure: 14.6yrs
  • Apostolos Kontoyannis (70yo)

    Director

    • Tenure: 14.6yrs
  • Andreas Michalopoulos (48yo)

    CFO, Treasurer & Director

    • Tenure: 1.2yrs
  • Konstantinos Fotiadis (68yo)

    Independent Director

    • Tenure: 2.4yrs
  • Kyriacos Riris (69yo)

    Independent Director

    • Tenure: 4.6yrs
  • Semiramis Paliou (44yo)

    COO & Director

    • Tenure: 4.6yrs

Company Information

Diana Shipping Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Diana Shipping Inc.
  • Ticker: DSX
  • Exchange: NYSE
  • Founded: 1999
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: US$313.718m
  • Shares outstanding: 86.90m
  • Website: https://www.dianashippinginc.com

Number of Employees


Location

  • Diana Shipping Inc.
  • Pendelis 16
  • Palaio Faliro
  • Athens
  • 175 64
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DSXNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 2005
DSZDB (Deutsche Boerse AG)YesCommon StockDEEURMar 2005
DSX.PRBNYSE (New York Stock Exchange)PERP PFD SER BUSUSDFeb 2014

Biography

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 rout ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 23:56
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.