-3.43%
-11.05%
-15.08%
-13.78%
-8.65%
-96.41%
-85.92%
AI Spotlight on PSHG
Company Description
Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide.It owned and operated five Aframax tanker vessels with a combined carrying capacity of 546,094 dwt.The company was incorporated in 2010 and is based in Athens, Greece.
Market Data
| Last Price | 1.69 |
| Change Percentage | -3.43% |
| Open | 1.76 |
| Previous Close | 1.75 |
| Market Cap ( Millions) | 21 |
| Volume | 80743 |
| Year High | 2.58 |
| Year Low | 1.61 |
| M A 50 | 1.79 |
| M A 200 | 1.98 |
Financial Ratios
| FCF Yield | 112.62% |
| Dividend Yield | 0.00% |
| ROE | 23.66% |
| Debt / Equity | 18.54% |
| Net Debt / EBIDTA | -28.14% |
| Price To Book | 0.08 |
| Price Earnings Ratio | 0.36 |
| Price To FCF | 0.89 |
| Price To sales | 0.23 |
| EV / EBITDA | 0.01 |
News
- Jan -22 - Performance Shipping Inc. Extends Time Charter for M/T P. Monterey at US$28,000 Per Day for Twelve Months
- Dec -18 - Performance Shipping Inc. Secures 21-Month Time Charter Contract at US$28,000 Per Day for Aframax Tanker, M/T Blue Moon
- Dec -11 - Performance Shipping Inc. Issues 2023 Sustainability Report
- Dec -03 - Performance Shipping Inc. Secures Time Charter Contract with Oil Major at US$33,500 Per Day for LR2 Aframax Tanker, M/T P. Aliki
- Nov -19 - Performance Shipping Inc. Highlights Company's Platform for Growth and Shareholder Value Creation
- Nov -07 - Performance Shipping Inc. Reports Financial Results for the Third Quarter and Nine-Months Ended September 30, 2024
- Nov -05 - Nike: Back To Basics Is Its Best Bet
- Oct -24 - Performance Shipping Inc. Secures Sale and Leaseback Agreement for Second Newbuild LR2 Aframax Tanker
- Jul -25 - Performance Shipping Inc. Reports Financial Results for the Second Quarter and Six-Months Ended June 30, 2024
- Jul -24 - Performance Shipping Inc. Announces Initiation of Analyst Coverage by Alliance Global Partners (AGP)
- Jul -16 - Performance Shipping Inc. Secures Sale and Leaseback Agreement for Previously Announced Newbuild LR2 Aframax Tanker
- Jun -06 - Performance Shipping Inc. Secures Charter Contract with Trafigura for LR2 Aframax Tanker, M/T P. Aliki
- Jun -05 - Performance Shipping Inc. Secures Charter Contract With Aramco for About 24 Months at US$41,000 Per Day
- May -30 - Performance Shipping Inc. Reports Solid Financial Results for the First Quarter Ended March 31, 2024
- May -07 - Performance Shipping Inc. Signs Shipbuilding Contract for the Construction of a Newbuilding LR1 Tanker Vessel
- Mar -28 - Performance Shipping Inc. Announces Filing of 2023 Annual Report on Form 20-F
- Mar -12 - Performance Shipping Inc. Secures Five-Year Time Charter Contracts With Clearlake for Three Newbuilding Vessels at US$31,000 Per Vessel Per Day
- Mar -07 - Performance Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023
- Dec -20 - Performance Shipping Inc. Signs Shipbuilding Contracts for the Construction of 2 Newbuilding LNG-Ready Scrubber Fitted Tier III LR2 Tankers
- Dec -18 - Performance Shipping Inc. Announces Full Prepayment of Piraeus Bank S.A. Loans and Significant Reduction of Finance Costs
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Tanker Vessels
Expected Growth : 6.0 %
What the company do ?
Tanker Vessels from Performance Shipping Inc. are a fleet of ships that transport oil, petroleum products, and chemicals, ensuring safe and efficient cargo delivery worldwide.
Why we expect these perspectives ?
Strong demand for crude oil and petroleum products, driven by global economic growth and increasing energy consumption, has led to a surge in tanker vessel utilization. Additionally, a low orderbook and scrubber-fitted vessels have improved Performance Shipping Inc.'s competitive position, resulting in a 6.0% growth rate.
Performance Shipping Inc. Products
| Product Range | What is it ? |
|---|---|
| Vessel Management | A comprehensive solution for managing vessel operations, including voyage planning, cargo management, and vessel performance monitoring. |
| Chartering and Brokerage | A specialized service that connects ship owners and charterers, facilitating the chartering of vessels for cargo transportation. |
| Ship Agency | A comprehensive service that provides support for vessels calling at ports, including customs clearance, cargo handling, and logistics. |
| Freight Forwarding | A service that manages the logistics of cargo transportation, including customs clearance, warehousing, and delivery. |
| Supply Chain Management | A comprehensive solution that optimizes the entire supply chain, from procurement to delivery. |
Performance Shipping Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Performance Shipping Inc. is medium due to the availability of alternative modes of transportation, such as air freight and trucking. However, the company's focus on specialized cargo and its strong relationships with customers mitigate this threat.
Bargaining Power Of Customers
The bargaining power of customers is low due to the specialized nature of Performance Shipping Inc.'s services and the lack of alternative providers. Customers are dependent on the company's expertise and equipment, giving them limited negotiating power.
Bargaining Power Of Suppliers
The bargaining power of suppliers is medium due to the availability of alternative suppliers of fuel, equipment, and other essential services. However, Performance Shipping Inc.'s strong relationships with suppliers and its ability to negotiate favorable terms mitigate this threat.
Threat Of New Entrants
The threat of new entrants is low due to the high barriers to entry in the shipping industry, including significant capital requirements and regulatory hurdles. Additionally, Performance Shipping Inc.'s established reputation and customer base make it difficult for new entrants to gain traction.
Intensity Of Rivalry
The intensity of rivalry is high due to the competitive nature of the shipping industry and the presence of established players. Performance Shipping Inc. must continually innovate and improve its services to maintain its market share and competitiveness.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 19.07% |
| Debt Cost | 5.01% |
| Equity Weight | 80.93% |
| Equity Cost | 5.01% |
| WACC | 5.01% |
| Leverage | 23.57% |
Performance Shipping Inc. : Quality Control
Performance Shipping Inc. passed 7 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| ICGC.L | Irish Continental Group plc operates as a maritime transport company. It operates through two segments, Ferries, and Container and Terminal. The Ferries segment engages in the provision of passenger and … |
| GASS | StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally. It also provides crude oil and natural gas. The company's carriers … |
| TORO | Toro Corp. acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil and refined petroleum products worldwide. The company operates through Aframax/LR2 tanker and … |
| CPLP | Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. Its vessels transport a range of cargoes, including liquefied natural gas, containerized goods, and dry bulk cargo … |
| DSX | 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 … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Capital Product Partners
A-Score
1-Year Total Return ->
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Irish Continental
A-Score
1-Year Total Return ->
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Diana Shipping
A-Score
1-Year Total Return ->
4
Performance Shipping
A-Score
1-Year Total Return ->
5
Toro
A-Score
1-Year Total Return ->
6
