INTERNATIONAL SEAWAYS INC (INSW) Stock Fundamental Analysis
NYSE:INSW - New York Stock Exchange, Inc. - MHY410531021 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to INSW. INSW was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. INSW scores excellent points on both the profitability and health parts. This is a solid base for a good stock. INSW is cheap, but on the other hand it scores bad on growth. These ratings would make INSW suitable for value investing!
1. Profitability
1.1 Basic Checks
INSW had positive earnings in the past year.
INSW had a positive operating cash flow in the past year.
In multiple years INSW reported negative net income over the last 5 years.
INSW had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
INSW has a better Return On Assets (12.65%) than 88.63% of its industry peers.
INSW has a better Return On Equity (17.21%) than 75.83% of its industry peers.
The Return On Invested Capital of INSW (10.35%) is better than 77.73% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for INSW is significantly below the industry average of 23.70%.
The 3 year average ROIC (15.75%) for INSW is well above the current ROIC(10.35%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.65% | ||
| ROE | 17.21% | ||
| ROIC | 10.35% |
ROA(3y)17.56%
ROA(5y)9.33%
ROE(3y)26.97%
ROE(5y)13.79%
ROIC(3y)15.75%
ROIC(5y)N/A
1.3 Margins
INSW's Profit Margin of 37.38% is amongst the best of the industry. INSW outperforms 90.05% of its industry peers.
INSW has a Operating Margin of 36.89%. This is amongst the best in the industry. INSW outperforms 81.52% of its industry peers.
INSW's Operating Margin has improved in the last couple of years.
INSW's Gross Margin of 63.14% is fine compared to the rest of the industry. INSW outperforms 71.56% of its industry peers.
INSW's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.89% | ||
| PM (TTM) | 37.38% | ||
| GM | 63.14% |
OM growth 3YN/A
OM growth 5Y24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y46.39%
GM growth 5Y5.85%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so INSW is creating value.
Compared to 1 year ago, INSW has more shares outstanding
Compared to 5 years ago, INSW has more shares outstanding
The debt/assets ratio for INSW has been reduced compared to a year ago.
2.2 Solvency
INSW has an Altman-Z score of 2.76. This is not the best score and indicates that INSW is in the grey zone with still only limited risk for bankruptcy at the moment.
INSW has a Altman-Z score of 2.76. This is amongst the best in the industry. INSW outperforms 80.09% of its industry peers.
The Debt to FCF ratio of INSW is 4.79, which is a neutral value as it means it would take INSW, 4.79 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.79, INSW is in the better half of the industry, outperforming 65.88% of the companies in the same industry.
A Debt/Equity ratio of 0.29 indicates that INSW is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.29, INSW is doing good in the industry, outperforming 64.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 4.79 | ||
| Altman-Z | 2.76 |
ROIC/WACC1.21
WACC8.52%
2.3 Liquidity
INSW has a Current Ratio of 2.76. This indicates that INSW is financially healthy and has no problem in meeting its short term obligations.
INSW's Current ratio of 2.76 is amongst the best of the industry. INSW outperforms 83.41% of its industry peers.
INSW has a Quick Ratio of 2.75. This indicates that INSW is financially healthy and has no problem in meeting its short term obligations.
INSW has a Quick ratio of 2.75. This is amongst the best in the industry. INSW outperforms 84.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.76 | ||
| Quick Ratio | 2.75 |
3. Growth
3.1 Past
INSW shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -45.03%.
Measured over the past years, INSW shows a very strong growth in Earnings Per Share. The EPS has been growing by 68.58% on average per year.
INSW shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -18.74%.
The Revenue has been growing by 21.05% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-45.03%
EPS 3YN/A
EPS 5Y68.58%
EPS Q2Q%-72.6%
Revenue 1Y (TTM)-18.74%
Revenue growth 3Y51.72%
Revenue growth 5Y21.05%
Sales Q2Q%-33.17%
3.2 Future
Based on estimates for the next years, INSW will show a decrease in Earnings Per Share. The EPS will decrease by -0.79% on average per year.
INSW is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.67% yearly.
EPS Next Y-39.94%
EPS Next 2Y-17.14%
EPS Next 3Y-0.79%
EPS Next 5YN/A
Revenue Next Year-16.3%
Revenue Next 2Y-7.58%
Revenue Next 3Y-1.67%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 6.97, the valuation of INSW can be described as very cheap.
Based on the Price/Earnings ratio, INSW is valued cheaply inside the industry as 83.89% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.28, INSW is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.38, the valuation of INSW can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of INSW indicates a rather cheap valuation: INSW is cheaper than 82.46% of the companies listed in the same industry.
INSW's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.97 | ||
| Fwd PE | 7.38 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, INSW is valued a bit cheaper than the industry average as 71.09% of the companies are valued more expensively.
62.56% of the companies in the same industry are more expensive than INSW, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.62 | ||
| EV/EBITDA | 5.02 |
4.3 Compensation for Growth
INSW has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.1
EPS Next 2Y-17.14%
EPS Next 3Y-0.79%
5. Dividend
5.1 Amount
INSW has a Yearly Dividend Yield of 1.26%. Purely for dividend investing, there may be better candidates out there.
INSW's Dividend Yield is slightly below the industry average, which is at 6.66.
Compared to an average S&P500 Dividend Yield of 2.42, INSW's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.26% |
5.2 History
INSW has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
79.04% of the earnings are spent on dividend by INSW. This is not a sustainable payout ratio.
DP79.04%
EPS Next 2Y-17.14%
EPS Next 3Y-0.79%
39.33
+0.59 (+1.52%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners74.9%
Inst Owner Change-1.32%
Ins Owners1.56%
Ins Owner Change3.69%
Market Cap1.94B
Analysts85.71
Price Target59.16 (50.42%)
Short Float %7.13%
Short Ratio4.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.26% |
Yearly Dividend5.8
Dividend Growth(5Y)N/A
DP79.04%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.83%
Min EPS beat(2)1.37%
Max EPS beat(2)26.3%
EPS beat(4)2
Avg EPS beat(4)3.35%
Min EPS beat(4)-7.52%
Max EPS beat(4)26.3%
EPS beat(8)6
Avg EPS beat(8)8.82%
EPS beat(12)9
Avg EPS beat(12)8.8%
EPS beat(16)12
Avg EPS beat(16)4.27%
Revenue beat(2)2
Avg Revenue beat(2)2.77%
Min Revenue beat(2)2.49%
Max Revenue beat(2)3.05%
Revenue beat(4)3
Avg Revenue beat(4)1.07%
Min Revenue beat(4)-1.92%
Max Revenue beat(4)3.05%
Revenue beat(8)7
Avg Revenue beat(8)4.72%
Revenue beat(12)10
Avg Revenue beat(12)4.21%
Revenue beat(16)12
Avg Revenue beat(16)2.88%
PT rev (1m)-0.85%
PT rev (3m)-5.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.74%
EPS NY rev (1m)0%
EPS NY rev (3m)-13.59%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.14%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)-7.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.97 | ||
| Fwd PE | 7.38 | ||
| P/S | 2.25 | ||
| P/FCF | 15.62 | ||
| P/OCF | 4.21 | ||
| P/B | 1.04 | ||
| P/tB | 1.04 | ||
| EV/EBITDA | 5.02 |
EPS(TTM)5.64
EY14.34%
EPS(NY)5.33
Fwd EY13.55%
FCF(TTM)2.52
FCFY6.4%
OCF(TTM)9.34
OCFY23.74%
SpS17.44
BVpS37.88
TBVpS37.88
PEG (NY)N/A
PEG (5Y)0.1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.65% | ||
| ROE | 17.21% | ||
| ROCE | 13.1% | ||
| ROIC | 10.35% | ||
| ROICexc | 10.95% | ||
| ROICexgc | 10.95% | ||
| OM | 36.89% | ||
| PM (TTM) | 37.38% | ||
| GM | 63.14% | ||
| FCFM | 14.44% |
ROA(3y)17.56%
ROA(5y)9.33%
ROE(3y)26.97%
ROE(5y)13.79%
ROIC(3y)15.75%
ROIC(5y)N/A
ROICexc(3y)17.37%
ROICexc(5y)N/A
ROICexgc(3y)17.37%
ROICexgc(5y)N/A
ROCE(3y)19.93%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y38.12%
ROICexc growth 3YN/A
ROICexc growth 5Y38.12%
OM growth 3YN/A
OM growth 5Y24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y46.39%
GM growth 5Y5.85%
F-Score5
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 4.79 | ||
| Debt/EBITDA | 1.15 | ||
| Cap/Depr | 217.05% | ||
| Cap/Sales | 39.09% | ||
| Interest Coverage | 7.46 | ||
| Cash Conversion | 97.49% | ||
| Profit Quality | 38.62% | ||
| Current Ratio | 2.76 | ||
| Quick Ratio | 2.75 | ||
| Altman-Z | 2.76 |
F-Score5
WACC8.52%
ROIC/WACC1.21
Cap/Depr(3y)150.85%
Cap/Depr(5y)121.87%
Cap/Sales(3y)20.74%
Cap/Sales(5y)20.64%
Profit Quality(3y)64.95%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-45.03%
EPS 3YN/A
EPS 5Y68.58%
EPS Q2Q%-72.6%
EPS Next Y-39.94%
EPS Next 2Y-17.14%
EPS Next 3Y-0.79%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.74%
Revenue growth 3Y51.72%
Revenue growth 5Y21.05%
Sales Q2Q%-33.17%
Revenue Next Year-16.3%
Revenue Next 2Y-7.58%
Revenue Next 3Y-1.67%
Revenue Next 5YN/A
EBIT growth 1Y-43.25%
EBIT growth 3YN/A
EBIT growth 5Y50.09%
EBIT Next Year-7.97%
EBIT Next 3Y7.16%
EBIT Next 5YN/A
FCF growth 1Y-67.55%
FCF growth 3YN/A
FCF growth 5Y39.63%
OCF growth 1Y-12.82%
OCF growth 3YN/A
OCF growth 5Y44.28%