Diana Shipping
Market Cap
US$232.1m
Last Updated
2020/02/17 00:15 UTC
Data Sources
Company Financials +
Executive Summary
Diana Shipping Inc. provides shipping transportation services.
Rewards
Risk Analysis
Snowflake Analysis
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
Stable Share Price: DSX's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
3.0%
DSX
1.8%
US Shipping
1.5%
US Market
1 Year Return
-8.9%
DSX
1.7%
US Shipping
20.1%
US Market
Return vs Industry: DSX underperformed the US Shipping industry which returned 1.7% over the past year.
Return vs Market: DSX underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| DSX | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | 1.8% | 1.5% |
| 30 Day | -8.6% | -16.2% | 1.4% |
| 90 Day | -20.5% | -8.2% | 8.7% |
| 1 Year | -8.9%-8.9% | 3.6%1.7% | 22.7%20.1% |
| 3 Year | -26.5%-26.5% | 1.2%-4.2% | 50.1%40.5% |
| 5 Year | -60.8%-60.8% | -47.8%-53.4% | 73.1%54.1% |
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
3 days ago | Simply Wall St
When Should You Buy Diana Shipping Inc. (NYSE:DSX)?3 weeks ago | Simply Wall St
Does Diana Shipping (NYSE:DSX) Have A Healthy Balance Sheet?1 month ago | Simply Wall St
Is Diana Shipping Inc. (NYSE:DSX) A Volatile Stock?Valuation
Is Diana Shipping undervalued compared to its fair value and its price relative to the market?
43.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DSX ($2.75) is trading below our estimate of fair value ($4.85)
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 (463.1x) compared to the Shipping industry average (13.6x).
PE vs Market: DSX is poor value based on its PE Ratio (463.1x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: DSX is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: DSX is good value based on its PB Ratio (0.4x) compared to the US Shipping industry average (0.4x).
Next Steps
Future Growth
How is Diana Shipping forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
111.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DSX's forecast earnings growth (111.2% per year) is above the savings rate (1.7%).
Earnings vs Market: DSX's earnings (111.2% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DSX's revenue (2.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: DSX's revenue (2.9% 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 (5.2%).
Next Steps
Past Performance
How has Diana Shipping performed over the past 5 years?
-20.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DSX has a large one-off loss of $11.8M impacting its September 30 2019 financial results.
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 -20.7% 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 (22%).
Return on Equity
High ROE: DSX's Return on Equity (1.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Diana Shipping's financial position?
Financial Position Analysis
Short Term Liabilities: DSX's short term assets ($144.2M) exceed its short term liabilities ($125.2M).
Long Term Liabilities: DSX's short term assets ($144.2M) do not cover its long term liabilities ($383.0M).
Debt to Equity History and Analysis
Debt Level: DSX's debt to equity ratio (80.4%) is considered high.
Reducing Debt: DSX's debt to equity ratio has increased from 28.8% to 80.4% over the past 5 years.
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).
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: DSX is profitable, therefore cash runway is not a concern.
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's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
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.
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?
14.7yrs
Average management tenure
CEO
Simeon Palios (78yo)
15yrs
Tenure
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 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 15yrs | no data | 18.17% $42.2m | |
| President & Director | 15yrs | no data | 7.91% $18.4m | |
| CFO, Treasurer & Director | 1.5yrs | no data | no data | |
| Deputy CEO | 4.9yrs | no data | no data | |
| Chief Accounting Officer | 14.4yrs | no data | no data | |
| Chief Strategy Officer | 20.9yrs | no data | no data |
14.7yrs
Average Tenure
47.5yo
Average Age
Experienced Management: DSX's management team is seasoned and experienced (14.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 15yrs | no data | 18.17% $42.2m | |
| President & Director | 15yrs | no data | 7.91% $18.4m | |
| CFO, Treasurer & Director | 1.5yrs | no data | no data | |
| Deputy CEO | 4.9yrs | no data | no data | |
| Chief Strategy Officer | 20.9yrs | no data | no data | |
| Independent Director | 14.9yrs | no data | no data | |
| Independent Director | 14.9yrs | no data | no data | |
| Independent Director | 14.9yrs | no data | no data | |
| Independent Director | 2.8yrs | no data | no data | |
| Independent Director | 4.9yrs | no data | no data |
14.9yrs
Average Tenure
68.5yo
Average Age
Experienced Board: DSX's board of directors are seasoned and experienced ( 14.9 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.
Recent Insider Transactions
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$232.104m
- Shares outstanding: 84.40m
- Website: https://www.dianashippinginc.com
Number of Employees
Location
- Diana Shipping Inc.
- Pendelis 16
- Palaio Faliro
- Athens
- 175 64
- Greece
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DSX | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Mar 2005 |
| DSZ | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 2005 |
| DSX.PRB | NYSE (New York Stock Exchange) | PERP PFD SER B | US | USD | Feb 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 routes through its ownership of dry bulk vessels worldwide. As of September 5, 2019, it operated a fleet of 43 dry bulk vessels comprising 4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax, and 15 Panamax vessels. The company was formerly known as Diana Shipping Investments Corp. and changed its name to Diana Shipping Inc. in February 2005. Diana Shipping Inc. was founded in 1999 and is based in Athens, Greece.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 00:15 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.