Pyxis Tankers Inc. (PXSAP) | Investment Case

1. Company Snapshot

1.a. Company Description

Pyxis Tankers Inc.operates as a maritime transportation company with a focus on the tanker sector in the United States.Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.

As of March 31, 2022, the company operated a fleet of five tankers.Pyxis Tankers Inc.was incorporated in 2015 and is based in Maroussi, Greece.

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1.b. Last Insights on PXSAP

Pyxis Tankers Inc.'s recent performance was driven by its participation in the 2024 ThinkEquity Conference, where it will present to institutional investors and industry professionals. This event highlights the company's commitment to innovation and financial strategy, potentially attracting new investors and boosting its reputation. Additionally, the company's recent focus on strategic growth initiatives and its participation in industry conferences suggest a proactive approach to driving business development.

1.c. Company Highlights

Last Price	24.97
Change Percentage	-0.12%
Open	24.97
Previous Close	25
Market Cap ( Millions)	47
Volume	761
Year High	27.1
Year Low	23.13
M A 50	24.97
M A 200	24.8

FCF Yield	54.94%
Dividend Yield	0.00%
ROE	0.29%
Debt / Equity	84.54%
Net Debt / EBIDTA	391.93%
Price To Book	0.34
Price Earnings Ratio	115.43
Price To FCF	1.82
Price To sales	0.75
EV / EBITDA	6.3

2. Transcript Summary

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3. NewsRoom

Pyxis Tankers to Present at the 2024 ThinkEquity Conference

Oct -21

Source:

Pyxis Tankers Announces Full Redemption of Series A Convertible Preferred Stock and Updates on Common Share Repurchase Program & Chartering Activity

Sep -11

Source:

Some Pyxis Tankers Inc. (NASDAQ:PXS) Analysts Just Made A Major Cut To Next Year's Estimates

Sep -10

Source:

Pyxis Tankers' (NASDAQ:PXS) Earnings Might Be Weaker Than You Think

Sep -05

Source:

Pyxis Tankers (NASDAQ:PXS) Shareholders Should Be Cautious Despite Solid Earnings

Aug -22

Source:

One Analyst's Revenue Estimates For Pyxis Tankers Inc. (NASDAQ:PXS) Are Surging Higher

Aug -15

Source:

Pyxis Tankers Second Quarter 2024 Earnings: Beats Expectations

Aug -14

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Pyxis Tankers Announces Financial Results for the Three Months Ended June 30, 2024

Aug -12

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Time Charters

Expected Growth: 4.5%

Stable revenue stream from time charters, increasing demand for oil transportation, and Pyxis Tankers' modern fleet expansion drive growth in the time charter segment.

Spot Charters

Expected Growth: 4.5%

Growing demand for oil products, increasing global trade, and flexibility of spot charters drive the market growth. Pyxis Tankers' short-term voyage agreements offer market-driven rates, attracting customers seeking flexibility in a volatile market.

7. Detailed Products

Product Tankers

Pyxis Tankers Inc. operates a fleet of product tankers that transport refined petroleum products, such as gasoline, diesel, and jet fuel, as well as other specialty chemicals.

Chemical Tankers

The company's chemical tankers are designed to transport a wide range of specialty chemicals, including those used in the production of plastics, pharmaceuticals, and other industrial applications.

Vegetable Oil Tankers

Pyxis Tankers Inc. also operates a fleet of tankers that specialize in the transportation of vegetable oils, such as soybean oil and palm oil, used in food production and other industries.

8. Pyxis Tankers Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Pyxis Tankers Inc. is medium due to the availability of alternative modes of transportation and storage for oil and petroleum products.

Bargaining Power Of Customers

The bargaining power of customers for Pyxis Tankers Inc. is low due to the company's strong relationships with its customers and the lack of concentration in the customer base.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Pyxis Tankers Inc. is medium due to the presence of a few large suppliers of oil and petroleum products, but the company's ability to negotiate prices and terms.

Threat Of New Entrants

The threat of new entrants for Pyxis Tankers Inc. is low due to the high barriers to entry in the tanker shipping industry, including the need for significant capital investment and regulatory compliance.

Intensity Of Rivalry

The intensity of rivalry for Pyxis Tankers Inc. is high due to the competitive nature of the tanker shipping industry, with many players competing for market share and customers.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	38.70%
Debt Cost	4.22%
Equity Weight	61.30%
Equity Cost	4.22%
WACC	4.22%
Leverage	63.13%

11. Quality Control: Pyxis Tankers Inc. passed 5 out of 9 key points

Strong Liquidity

Low Deb

Strong Interest Coverage

Healthy Cash Flow

Operating Inefficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Danaos

A-Score: 7.1/10

Value: 8.5

Growth: 6.4

Quality: 7.6

Yield: 6.9

Momentum: 5.5

Volatility: 7.7

1-Year Total Return ->

Euroseas

A-Score: 7.0/10

Value: 7.6

Growth: 8.2

Quality: 7.8

Yield: 8.1

Momentum: 8.5

Volatility: 1.7

1-Year Total Return ->

MPC Container Ships

A-Score: 6.2/10

Value: 8.6

Growth: 6.9

Quality: 7.8

Yield: 10.0

Momentum: 1.5

Volatility: 2.3

1-Year Total Return ->

d'Amico Shipping

A-Score: 5.8/10

Value: 7.8

Growth: 7.9

Quality: 6.7

Yield: 9.4

Momentum: 0.5

Volatility: 2.7

1-Year Total Return ->

Höegh Autoliners

A-Score: 5.1/10

Value: 8.4

Growth: 2.0

Quality: 7.3

Yield: 10.0

Momentum: 1.0

Volatility: 2.0

1-Year Total Return ->

Pyxis Tankers

A-Score: 5.1/10

Value: 9.1

Growth: 6.1

Quality: 4.3

Yield: 3.8

Momentum: 4.0

Volatility: 3.3

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

15.91%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

4.22%

Pyxis Tankers Inc. - MHY717261140

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on PXSAP

1.c. Company Highlights

Cheaper

Less Volatile

Higher Growth

Better Quality

Average Quality

Average Growth

Medium Volatility

Stable Momentum

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Time Charters

Expected Growth: 4.5%

Spot Charters

Expected Growth: 4.5%

7. Detailed Products

Product Tankers

Chemical Tankers

Vegetable Oil Tankers

8. Pyxis Tankers Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Pyxis Tankers Inc. passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

24.97$

Current Price

24.97$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA