PERFORMANCE SHIPPING INC (PSHG) Stock Fundamental Analysis
NASDAQ:PSHG - Nasdaq - MHY673051543 - Common Stock - Currency: USD
PSHG gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 32 industry peers in the Marine Transportation industry. While PSHG belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. PSHG may be a bit undervalued, certainly considering the very reasonable score on growth With these ratings, PSHG could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
In the past year PSHG was profitable.
PSHG had a positive operating cash flow in the past year.
PSHG had positive earnings in 4 of the past 5 years.
Of the past 5 years PSHG 4 years had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 12.68%, PSHG belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
With an excellent Return On Equity value of 15.22%, PSHG belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
PSHG's Return On Invested Capital of 10.47% is fine compared to the rest of the industry. PSHG outperforms 78.13% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PSHG is above the industry average of 7.55%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.68% | ||
| ROE | 15.22% | ||
| ROIC | 10.47% |
ROA(3y)12%
ROA(5y)6.52%
ROE(3y)15.78%
ROE(5y)8.32%
ROIC(3y)12.11%
ROIC(5y)N/A
1.3 Margins
PSHG has a Profit Margin of 47.91%. This is amongst the best in the industry. PSHG outperforms 87.50% of its industry peers.
PSHG has a better Operating Margin (47.82%) than 84.38% of its industry peers.
The Gross Margin of PSHG (72.56%) is better than 84.38% of its industry peers.
PSHG's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 47.82% | ||
| PM (TTM) | 47.91% | ||
| GM | 72.56% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y74.42%
GM growth 5Y10.94%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PSHG is creating some value.
The number of shares outstanding for PSHG has been increased compared to 1 year ago.
Compared to 5 years ago, PSHG has more shares outstanding
PSHG has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.03, we must say that PSHG is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.03, PSHG is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
PSHG has a debt to FCF ratio of 3.80. This is a good value and a sign of high solvency as PSHG would need 3.80 years to pay back of all of its debts.
PSHG's Debt to FCF ratio of 3.80 is fine compared to the rest of the industry. PSHG outperforms 75.00% of its industry peers.
PSHG has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.15, PSHG belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.8 | ||
| Altman-Z | 0.03 |
ROIC/WACC1.28
WACC8.17%
2.3 Liquidity
PSHG has a Current Ratio of 5.29. This indicates that PSHG is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of PSHG (5.29) is better than 93.75% of its industry peers.
A Quick Ratio of 5.26 indicates that PSHG has no problem at all paying its short term obligations.
PSHG has a better Quick ratio (5.26) than 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.29 | ||
| Quick Ratio | 5.26 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.16% over the past year.
PSHG shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -15.11%.
Measured over the past years, PSHG shows a very strong growth in Revenue. The Revenue has been growing by 69.23% on average per year.
EPS 1Y (TTM)3.16%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-17.24%
Revenue 1Y (TTM)-15.11%
Revenue growth 3Y33.82%
Revenue growth 5Y69.23%
Sales Q2Q%-4.64%
3.2 Future
The Earnings Per Share is expected to grow by 13.13% on average over the next years. This is quite good.
Based on estimates for the next years, PSHG will show a small growth in Revenue. The Revenue will grow by 6.81% on average per year.
EPS Next Y-19.9%
EPS Next 2Y2.94%
EPS Next 3Y13.13%
EPS Next 5YN/A
Revenue Next Year-9.72%
Revenue Next 2Y4.71%
Revenue Next 3Y6.81%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 1.52 indicates a rather cheap valuation of PSHG.
Compared to the rest of the industry, the Price/Earnings ratio of PSHG indicates a rather cheap valuation: PSHG is cheaper than 90.63% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.52. PSHG is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 1.37 indicates a rather cheap valuation of PSHG.
Based on the Price/Forward Earnings ratio, PSHG is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of PSHG to the average of the S&P500 Index (22.25), we can say PSHG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.52 | ||
| Fwd PE | 1.37 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, PSHG is valued cheaply inside the industry as 90.63% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.62 | ||
| EV/EBITDA | -0.07 |
4.3 Compensation for Growth
PSHG has a very decent profitability rating, which may justify a higher PE ratio.
PSHG's earnings are expected to grow with 13.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.94%
EPS Next 3Y13.13%
5. Dividend
5.1 Amount
PSHG does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
1.63
+0.01 (+0.62%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners4.75%
Inst Owner Change-4.72%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap20.26M
Analysts82.5
Price Target5.87 (260.12%)
Short Float %5.54%
Short Ratio12.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.15
Dividend Growth(5Y)N/A
DP4.38%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.23%
Min EPS beat(2)-11.04%
Max EPS beat(2)25.49%
EPS beat(4)2
Avg EPS beat(4)5.46%
Min EPS beat(4)-11.04%
Max EPS beat(4)25.49%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.49%
Min Revenue beat(2)-4.89%
Max Revenue beat(2)3.91%
Revenue beat(4)1
Avg Revenue beat(4)-3.19%
Min Revenue beat(4)-11.04%
Max Revenue beat(4)3.91%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-11.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-25.73%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-9.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.52 | ||
| Fwd PE | 1.37 | ||
| P/S | 0.23 | ||
| P/FCF | 1.62 | ||
| P/OCF | 0.34 | ||
| P/B | 0.07 | ||
| P/tB | 0.07 | ||
| EV/EBITDA | -0.07 |
EPS(TTM)1.07
EY65.64%
EPS(NY)1.19
Fwd EY72.81%
FCF(TTM)1
FCFY61.6%
OCF(TTM)4.82
OCFY295.62%
SpS7.03
BVpS22.14
TBVpS22.14
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.68% | ||
| ROE | 15.22% | ||
| ROCE | 13.25% | ||
| ROIC | 10.47% | ||
| ROICexc | 13.53% | ||
| ROICexgc | 13.53% | ||
| OM | 47.82% | ||
| PM (TTM) | 47.91% | ||
| GM | 72.56% | ||
| FCFM | 14.27% |
ROA(3y)12%
ROA(5y)6.52%
ROE(3y)15.78%
ROE(5y)8.32%
ROIC(3y)12.11%
ROIC(5y)N/A
ROICexc(3y)15.44%
ROICexc(5y)N/A
ROICexgc(3y)15.44%
ROICexgc(5y)N/A
ROCE(3y)15.33%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y74.42%
GM growth 5Y10.94%
F-Score5
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.8 | ||
| Debt/EBITDA | 0.73 | ||
| Cap/Depr | 355.54% | ||
| Cap/Sales | 54.22% | ||
| Interest Coverage | 11.85 | ||
| Cash Conversion | 108.61% | ||
| Profit Quality | 29.79% | ||
| Current Ratio | 5.29 | ||
| Quick Ratio | 5.26 | ||
| Altman-Z | 0.03 |
F-Score5
WACC8.17%
ROIC/WACC1.28
Cap/Depr(3y)152.91%
Cap/Depr(5y)97.28%
Cap/Sales(3y)22.65%
Cap/Sales(5y)14.68%
Profit Quality(3y)130.87%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.16%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-17.24%
EPS Next Y-19.9%
EPS Next 2Y2.94%
EPS Next 3Y13.13%
EPS Next 5YN/A
Revenue 1Y (TTM)-15.11%
Revenue growth 3Y33.82%
Revenue growth 5Y69.23%
Sales Q2Q%-4.64%
Revenue Next Year-9.72%
Revenue Next 2Y4.71%
Revenue Next 3Y6.81%
Revenue Next 5YN/A
EBIT growth 1Y-30.22%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year10.5%
EBIT Next 3Y23.83%
EBIT Next 5YN/A
FCF growth 1Y-77.75%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-11.86%
OCF growth 3YN/A
OCF growth 5YN/A