DIANA SHIPPING INC (DSX) Stock Fundamental Analysis
NYSE:DSX - New York Stock Exchange, Inc. - MHY2066G1044 - Common Stock - Currency: USD
DSX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 32 industry peers in the Marine Transportation industry. DSX has only an average score on both its financial health and profitability. DSX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year DSX was profitable.
DSX had a positive operating cash flow in the past year.
Of the past 5 years DSX 4 years were profitable.
Each year in the past 5 years DSX had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.60%, DSX is doing worse than 68.75% of the companies in the same industry.
DSX has a Return On Equity of 1.38%. This is in the lower half of the industry: DSX underperforms 68.75% of its industry peers.
DSX has a worse Return On Invested Capital (3.81%) than 65.63% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DSX is in line with the industry average of 7.82%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.6% | ||
| ROE | 1.38% | ||
| ROIC | 3.81% |
ROA(3y)4.65%
ROA(5y)0.81%
ROE(3y)11.22%
ROE(5y)2.82%
ROIC(3y)6.65%
ROIC(5y)N/A
1.3 Margins
DSX's Profit Margin of 3.06% is on the low side compared to the rest of the industry. DSX is outperformed by 65.63% of its industry peers.
DSX's Profit Margin has declined in the last couple of years.
DSX has a Operating Margin of 23.04%. This is comparable to the rest of the industry: DSX outperforms 56.25% of its industry peers.
In the last couple of years the Operating Margin of DSX has grown nicely.
DSX has a Gross Margin of 57.85%. This is in the better half of the industry: DSX outperforms 62.50% of its industry peers.
In the last couple of years the Gross Margin of DSX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.04% | ||
| PM (TTM) | 3.06% | ||
| GM | 57.85% |
OM growth 3Y-7.49%
OM growth 5Y6.78%
PM growth 3Y-49.75%
PM growth 5YN/A
GM growth 3Y-2.55%
GM growth 5Y1.83%
2. Health
2.1 Basic Checks
DSX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
DSX has more shares outstanding than it did 1 year ago.
The number of shares outstanding for DSX has been increased compared to 5 years ago.
The debt/assets ratio for DSX has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -0.14, we must say that DSX is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -0.14, DSX is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
The Debt to FCF ratio of DSX is 10.75, which is on the high side as it means it would take DSX, 10.75 years of fcf income to pay off all of its debts.
DSX has a Debt to FCF ratio of 10.75. This is in the better half of the industry: DSX outperforms 62.50% of its industry peers.
DSX has a Debt/Equity ratio of 1.15. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.15, DSX is doing worse than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 10.75 | ||
| Altman-Z | -0.14 |
ROIC/WACC0.49
WACC7.72%
2.3 Liquidity
DSX has a Current Ratio of 2.58. This indicates that DSX is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of DSX (2.58) is better than 78.13% of its industry peers.
A Quick Ratio of 2.52 indicates that DSX has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.52, DSX is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.58 | ||
| Quick Ratio | 2.52 |
3. Growth
3.1 Past
The earnings per share for DSX have decreased strongly by -67.50% in the last year.
DSX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.16% yearly.
Looking at the last year, DSX shows a very negative growth in Revenue. The Revenue has decreased by -12.93% in the last year.
Measured over the past years, DSX shows a small growth in Revenue. The Revenue has been growing by 0.67% on average per year.
EPS 1Y (TTM)-67.5%
EPS 3Y-41.75%
EPS 5Y23.16%
EPS Q2Q%-66.67%
Revenue 1Y (TTM)-12.93%
Revenue growth 3Y2.13%
Revenue growth 5Y0.67%
Sales Q2Q%-9.81%
3.2 Future
The Earnings Per Share is expected to grow by 52.76% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 2.23% on average over the next years.
EPS Next Y-28.71%
EPS Next 2Y85.63%
EPS Next 3Y52.76%
EPS Next 5YN/A
Revenue Next Year-2.61%
Revenue Next 2Y4.45%
Revenue Next 3Y2.23%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 21.71 indicates a rather expensive valuation of DSX.
Compared to the rest of the industry, the Price/Earnings ratio of DSX indicates a slightly more expensive valuation: DSX is more expensive than 62.50% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.25, DSX is valued at the same level.
DSX is valuated cheaply with a Price/Forward Earnings ratio of 5.19.
DSX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. DSX is cheaper than 68.75% of the companies in the same industry.
DSX is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.15, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.71 | ||
| Fwd PE | 5.19 |
4.2 Price Multiples
DSX's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DSX indicates a rather cheap valuation: DSX is cheaper than 81.25% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.97 | ||
| EV/EBITDA | 6.15 |
4.3 Compensation for Growth
DSX's earnings are expected to grow with 52.76% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.94
EPS Next 2Y85.63%
EPS Next 3Y52.76%
5. Dividend
5.1 Amount
DSX has a Yearly Dividend Yield of 7.24%, which is a nice return.
Compared to an average industry Dividend Yield of 8.32, DSX pays a better dividend. On top of this DSX pays more dividend than 90.63% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, DSX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.24% |
5.2 History
The dividend of DSX is nicely growing with an annual growth rate of 37.45%!
DSX has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)37.45%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
498.39% of the earnings are spent on dividend by DSX. This is not a sustainable payout ratio.
DSX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP498.39%
EPS Next 2Y85.63%
EPS Next 3Y52.76%
1.52
+0.07 (+4.83%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners9.61%
Inst Owner Change-10.07%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap175.97M
Analysts84
Price Target3.23 (112.5%)
Short Float %0.82%
Short Ratio2.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.24% |
Yearly Dividend0.29
Dividend Growth(5Y)37.45%
DP498.39%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)56.77%
Min EPS beat(2)-83.5%
Max EPS beat(2)197.03%
EPS beat(4)2
Avg EPS beat(4)12.9%
Min EPS beat(4)-83.5%
Max EPS beat(4)197.03%
EPS beat(8)4
Avg EPS beat(8)3.05%
EPS beat(12)8
Avg EPS beat(12)9.93%
EPS beat(16)10
Avg EPS beat(16)11.2%
Revenue beat(2)1
Avg Revenue beat(2)-5.2%
Min Revenue beat(2)-16.3%
Max Revenue beat(2)5.9%
Revenue beat(4)1
Avg Revenue beat(4)-4.49%
Min Revenue beat(4)-16.3%
Max Revenue beat(4)5.9%
Revenue beat(8)4
Avg Revenue beat(8)-1.08%
Revenue beat(12)8
Avg Revenue beat(12)1.04%
Revenue beat(16)10
Avg Revenue beat(16)1.67%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-140%
EPS NY rev (1m)0%
EPS NY rev (3m)-62.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.71 | ||
| Fwd PE | 5.19 | ||
| P/S | 0.77 | ||
| P/FCF | 2.97 | ||
| P/OCF | 2.11 | ||
| P/B | 0.35 | ||
| P/tB | 0.35 | ||
| EV/EBITDA | 6.15 |
EPS(TTM)0.07
EY4.61%
EPS(NY)0.29
Fwd EY19.27%
FCF(TTM)0.51
FCFY33.7%
OCF(TTM)0.72
OCFY47.47%
SpS1.97
BVpS4.36
TBVpS4.36
PEG (NY)N/A
PEG (5Y)0.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.6% | ||
| ROE | 1.38% | ||
| ROCE | 4.82% | ||
| ROIC | 3.81% | ||
| ROICexc | 4.7% | ||
| ROICexgc | 4.7% | ||
| OM | 23.04% | ||
| PM (TTM) | 3.06% | ||
| GM | 57.85% | ||
| FCFM | 25.98% |
ROA(3y)4.65%
ROA(5y)0.81%
ROE(3y)11.22%
ROE(5y)2.82%
ROIC(3y)6.65%
ROIC(5y)N/A
ROICexc(3y)7.61%
ROICexc(5y)N/A
ROICexgc(3y)7.61%
ROICexgc(5y)N/A
ROCE(3y)8.42%
ROCE(5y)N/A
ROICexcg growth 3Y-13.99%
ROICexcg growth 5Y7.86%
ROICexc growth 3Y-13.99%
ROICexc growth 5Y7.86%
OM growth 3Y-7.49%
OM growth 5Y6.78%
PM growth 3Y-49.75%
PM growth 5YN/A
GM growth 3Y-2.55%
GM growth 5Y1.83%
F-Score5
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 10.75 | ||
| Debt/EBITDA | 5.99 | ||
| Cap/Depr | 54.23% | ||
| Cap/Sales | 10.62% | ||
| Interest Coverage | 1.14 | ||
| Cash Conversion | 85.87% | ||
| Profit Quality | 849.88% | ||
| Current Ratio | 2.58 | ||
| Quick Ratio | 2.52 | ||
| Altman-Z | -0.14 |
F-Score5
WACC7.72%
ROIC/WACC0.49
Cap/Depr(3y)217.15%
Cap/Depr(5y)142.51%
Cap/Sales(3y)34.13%
Cap/Sales(5y)22.97%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-67.5%
EPS 3Y-41.75%
EPS 5Y23.16%
EPS Q2Q%-66.67%
EPS Next Y-28.71%
EPS Next 2Y85.63%
EPS Next 3Y52.76%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.93%
Revenue growth 3Y2.13%
Revenue growth 5Y0.67%
Sales Q2Q%-9.81%
Revenue Next Year-2.61%
Revenue Next 2Y4.45%
Revenue Next 3Y2.23%
Revenue Next 5YN/A
EBIT growth 1Y-33.37%
EBIT growth 3Y-5.51%
EBIT growth 5Y7.5%
EBIT Next Year75.34%
EBIT Next 3Y28.45%
EBIT Next 5YN/A
FCF growth 1Y53.45%
FCF growth 3Y-5.69%
FCF growth 5Y4.76%
OCF growth 1Y18.68%
OCF growth 3Y-2.35%
OCF growth 5Y10.85%