NYSE:DSX

Stock Analysis Report

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Executive Summary

Diana Shipping Inc. provides shipping transportation services. More Details

Rewards

Trading at 45.2% below our estimate of its fair value

Earnings are forecast to grow 91.3% per year

Risk Analysis

No risks detected for DSX from our risk checks.


Snowflake Analysis

Reasonable growth potential and slightly overvalued.


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

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.


Market Performance


7 Day Return

-4.2%

DSX

-6.7%

US Shipping

-2.7%

US Market


1 Year Return

-15.6%

DSX

-8.5%

US Shipping

21.2%

US Market

Return vs Industry: DSX underperformed the US Shipping industry which returned -7.2% over the past year.

Return vs Market: DSX underperformed the US Market which returned 24.3% over the past year.


Shareholder returns

DSXIndustryMarket
7 Day-4.2%-6.7%-2.7%
30 Day18.1%7.9%1.8%
90 Day67.6%38.1%16.4%
1 Year-15.6%-15.6%-6.5%-8.5%23.9%21.2%
3 Year-40.0%-40.0%-2.3%-9.4%43.7%34.2%
5 Year-7.3%-7.3%0.8%-14.0%124.3%99.2%

Long-Term 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?

45.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DSX ($2.28) is trading below our estimate of fair value ($4.16)

Significantly Below Fair Value: DSX is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: DSX's PB Ratio (0.4x) is in line with the US Shipping industry average.


Next Steps

Future Growth

How is Diana Shipping forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

91.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DSX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

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

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

Revenue vs Market: DSX's revenue (11.4% per year) is forecast to grow faster than the US market (10.6% per year).

High Growth Revenue: DSX's revenue (11.4% 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 (11.9%).


Next Steps

Past Performance

How has Diana Shipping performed over the past 5 years?

4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DSX is currently unprofitable.

Growing Profit Margin: DSX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DSX is unprofitable, but has reduced losses over the past 5 years at a rate of 4.7% per year.

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

Earnings vs Industry: DSX is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (8.9%).


Return on Equity

High ROE: DSX has a negative Return on Equity (-32.25%), as it is currently unprofitable.


Next Steps

Financial Health

How is Diana Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: DSX's short term assets ($125.8M) exceed its short term liabilities ($65.5M).

Long Term Liabilities: DSX's short term assets ($125.8M) do not cover its long term liabilities ($386.4M).


Debt to Equity History and Analysis

Debt Level: DSX's debt to equity ratio (98.7%) is considered high.

Reducing Debt: DSX's debt to equity ratio has increased from 47.4% to 98.7% 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: Insufficient data to determine if DSX has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if DSX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate DSX'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 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

Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure


CEO

Semiramis Paliou (45 yo)

0.83

Tenure

Mrs. Semiramis Paliou serves as the Deputy Chief Executive Officer at Diana Shipping Inc. since October 25, 2019 and serves as an Acting Chief Executive Officer since March 2020. Mrs. Paliou has been a Dir...


Leadership Team

NamePositionTenureCompensationOwnership
Semiramis Paliou
Deputy CEO0.83yrno data17%
$ 33.6m
Anastasios Margaronis
President & Director15.92yrsno data9.37%
$ 18.5m
Ioannis Zafirakis
Treasurer21.83yrsno datano data
Maria Dede
Chief Accounting Officer15.33yrsno datano data
Simeon Palios
Chairman & CEO (Leave of Absence)0.83yrno data1.64%
$ 3.2m

0.9yrs

Average Tenure

48yo

Average Age

Experienced Management: DSX's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Semiramis Paliou
Deputy CEO0.83yrno data17%
$ 33.6m
Anastasios Margaronis
President & Director15.92yrsno data9.37%
$ 18.5m
Ioannis Zafirakis
Treasurer21.83yrsno datano data
Konstantinos Psaltis
Independent Director15.83yrsno datano data
William Lawes
Independent Director15.83yrsno datano data
Apostolos Kontoyannis
Independent Director15.83yrsno datano data
Konstantinos Fotiadis
Independent Director3.67yrsno datano data
Kyriacos Riris
Independent Director5.83yrsno datano data

15.8yrs

Average Tenure

69.5yo

Average Age

Experienced Board: DSX's board of directors are seasoned and experienced ( 15.8 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

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$197.370m
  • Shares outstanding: 85.44m
  • 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 Analysis2021/01/28 00:39
End of Day Share Price2021/01/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.