Performance Shipping (NASDAQ: PSHG) is one of 55 public companies in the “Deep sea foreign transportation of freight” industry, but how does it compare to its peers? We will compare Performance Shipping to related businesses based on the strength of its profitability, valuation, risk, institutional ownership, earnings, analyst recommendations and dividends.
Volatility & Risk
Performance Shipping has a beta of 0.5, suggesting that its stock price is 50% less volatile than the S&P 500. Comparatively, Performance Shipping’s peers have a beta of -4.39, suggesting that their average stock price is 539% less volatile than the S&P 500.
Performance Shipping pays an annual dividend of $0.10 per share and has a dividend yield of 1.9%. Performance Shipping pays out 9.5% of its earnings in the form of a dividend. As a group, “Deep sea foreign transportation of freight” companies pay a dividend yield of 3.0% and pay out 49.4% of their earnings in the form of a dividend.
Insider and Institutional Ownership
7.3% of Performance Shipping shares are owned by institutional investors. Comparatively, 47.6% of shares of all “Deep sea foreign transportation of freight” companies are owned by institutional investors. 19.4% of shares of all “Deep sea foreign transportation of freight” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
This is a breakdown of recent recommendations for Performance Shipping and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Performance Shipping Competitors||426||1427||1562||53||2.36|
Performance Shipping currently has a consensus target price of $11.00, suggesting a potential upside of 109.13%. As a group, “Deep sea foreign transportation of freight” companies have a potential downside of 9.24%. Given Performance Shipping’s stronger consensus rating and higher possible upside, research analysts clearly believe Performance Shipping is more favorable than its peers.
Earnings and Valuation
This table compares Performance Shipping and its peers top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Performance Shipping||$46.28 million||$5.19 million||5.01|
|Performance Shipping Competitors||$481.69 million||$14.32 million||-46.23|
Performance Shipping’s peers have higher revenue and earnings than Performance Shipping. Performance Shipping is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
This table compares Performance Shipping and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Performance Shipping Competitors||-7.72%||-2.19%||0.78%|
Performance Shipping peers beat Performance Shipping on 8 of the 15 factors compared.
About Performance Shipping
Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. As of April 7, 2021, 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.
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