Industrials -
Marine Shipping - NASDAQ - GR
$ 1.345
-2.84 %
$ 16.7 M
Market Cap
1.23
P/E
1. INTRINSIC VALUE
Balance Sheet
Performance Shipping Inc.
| Current Assets | 71.3 M |
| Cash & Short-Term Investments | 71.3 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 259 M |
| Long-Term Investments | 0 |
| PP&E | 190 M |
| Other Non-Current Assets | 69.5 M |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 55.2 M |
| Long-Term Debt | 47.5 M |
| Other Non-Current Liabilities | 7.69 M |
EFFICIENCY
Earnings Waterfall
Performance Shipping Inc.
| Revenue | 87.4 M |
| Cost Of Revenue | 24 M |
| Gross Profit | 63.4 M |
| Operating Expenses | 21.6 M |
| Operating Income | 41.8 M |
| Other Expenses | -1.92 M |
| Net Income | 43.7 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Performance Shipping Inc.
| Net Income | 43.7 M |
| Depreciation & Amortization | 14.2 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 0 |
| Others | -43.7 M |
| Free Cash Flow | 0 |
Wall Street Analysts Price Targets
Performance Shipping Inc.
PSHG has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
0.00%
DIVIDEND YIELD
0.15 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Performance Shipping Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
7 years ago
Jul 26, 2017
|
Sell 80.5 K
USD
|
Peter Gyllenhammar AB
|
- 350000
|
0.23 USD |
|
7 years ago
Jul 25, 2017
|
Sell 113 K
USD
|
Peter Gyllenhammar AB
|
- 180000
|
0.629 USD |
7. News
Performance Shipping Inc. Announces Filing of 2024 Annual Report on Form 20-F
ATHENS, Greece, April 16, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced that it has filed its 2024 Annual Report on Form 20-F for the fiscal year ended December 31, 2024 (the “Annual Report”), with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report, which contains the Company's audited consolidated financial statements, can be accessed through the SEC's website at http://www.sec.gov as well as through the Company's website at http://www.pshipping.com . Upon request, we will provide any shareholder with a hard copy of the Annual Report free of charge.
globenewswire.com
- 1 week ago
Performance Shipping Inc. Enters Into Potential Forward Sale Agreement for the 2009-Built Aframax Tanker, M/T P. Sophia
ATHENS, Greece, April 07, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a forward sale and exclusivity agreement with an unaffiliated third party (the “Buyer”). This agreement grants the Buyer exclusive rights to submit a bid for the conversion of the Company's Aframax tanker, M/T P. Sophia, in an auction for the provision of a Floating Production Storage and Offloading (FPSO) vessel for charter to a national oil company (the “Offshore Project”).
globenewswire.com
- 2 weeks ago
Performance Shipping Inc. Announces Sale of 2011-Built Aframax Vessel M/T P. Yanbu for US$39 Million and Completion of Delivery to Her New Owners
ATHENS, Greece, March 24, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has signed a Memorandum of Agreement to sell the 2011-built, 105,400 dwt Aframax tanker vessel, M/T P. Yanbu, to an unaffiliated third party for a gross sale price of US$39 million. The vessel was successfully delivered to her new owner today. The vessel was debt free at the time of sale.
globenewswire.com
- 1 month ago
Performance Shipping Inc. Secures Sale and Leaseback Agreement for Third Newbuild LR2 Aframax Tanker
ATHENS, Greece, March 06, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a sale and leaseback agreement with an unaffiliated third party for a previously announced newbuild LR2 Aframax tanker vessel (the “Vessel”). This concludes the financing for all three newbuilding LNG-ready, scrubber-fitted LR2 product/crude oil tanker vessels of approximately 114,000 dwt each expected to be delivered to the Company in August and September 2025, and January 2026.
globenewswire.com
- 1 month ago
Performance Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2024
ATHENS, Greece, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported net income of $9.7 million and net income attributable to common stockholders of $9.2 million for the fourth quarter of 2024. These results are compared to a net income of $25.0 million and net income attributable to common stockholders of $24.5 million for the same period in 2023. Earnings per share, basic and diluted, for the fourth quarter of 2024 were $0.74 and $0.25, respectively.
globenewswire.com
- 2 months ago
Performance Shipping Inc. Extends Time Charter for M/T P. Monterey at US$28,000 Per Day for Twelve Months
ATHENS, Greece, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with ST Shipping & Transport Pte Ltd., a wholly-owned subsidiary of Glencore (“ST” or the “Charterer”), for the 2011-built, 105,525 dwt Aframax tanker vessel, M/T P. Monterey. The gross charter rate will be US$28,000 per day for a period of twelve months +/- 30 days at the option of the Charterer. This charter commenced in mid-January and will generate approximately US$9.38 million of gross revenue for the minimum duration of the charter.
globenewswire.com
- 3 months ago
Performance Shipping Inc. Secures 21-Month Time Charter Contract at US$28,000 Per Day for Aframax Tanker, M/T Blue Moon
ATHENS, Greece, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with American Eagle Tankers (“AET” or the “Charterer”), a member of MISC Group, for the 2011-built, 104,623 dwt Aframax tanker vessel, M/T Blue Moon. The gross charter rate will be US$28,000 per day for a period of twenty-one (21) months +/- 15 days at the option of the Charterer and is expected to commence at the beginning of January. This charter will generate approximately US$17.4 million of gross revenue for the minimum duration of the charter.
globenewswire.com
- 4 months ago
Performance Shipping Inc. Issues 2023 Sustainability Report
ATHENS, Greece, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced the release of its 2023 Sustainability Report (the “Report”), highlighting how the Company addresses Environmental, Social and Governance (“ESG”) issues as part of its ongoing effort to increase transparency and accountability. The Report, which covers the full year 2023 and is developed with reference to the Global Reporting Initiative Universal Standards 2021 (“GRI's”), outlines the Company's commitments and efforts toward building strong corporate governance and operating sustainably and responsibly.
globenewswire.com
- 4 months ago
Performance Shipping Inc. Secures Time Charter Contract with Oil Major at US$33,500 Per Day for LR2 Aframax Tanker, M/T P. Aliki
ATHENS, Greece, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SeaRiver Maritime LLC (the “Charterer”), a wholly-owned subsidiary of ExxonMobil Corporation (NYSE: XOM), for the 2010-built, 105,304 dwt LR2 Aframax tanker vessel, M/T P. Aliki. The gross charter rate will be US$33,500 per day for a period of seven (7) months +/- 15 days at the option of the Charterer and is expected to commence at the beginning of December. This charter will generate approximately US$6.6 million of gross revenue for the minimum duration of the charter.
globenewswire.com
- 4 months ago
Performance Shipping Inc. Highlights Company's Platform for Growth and Shareholder Value Creation
Mails Proxy Materials and Letter to Shareholders in Connection with 2024 Annual General Meeting of Shareholders
globenewswire.com
- 5 months ago
Performance Shipping Inc. Reports Financial Results for the Third Quarter and Nine-Months Ended September 30, 2024
ATHENS, Greece, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported net income of $12.4 million and net income attributable to common stockholders of $12.0 million for the third quarter ended September 30, 2024. These results are compared to a net income of $10.4 million and net income attributable to common stockholders of $9.9 million for the same period in 2023. Earnings per share, basic and diluted, for the third quarter of 2024 were $0.96 and $0.32, respectively.
globenewswire.com
- 5 months ago
Nike: Back To Basics Is Its Best Bet
Nike's Q1 FY25 earnings report showed a 10% revenue decline and a 26% drop in earnings, driven by lower unit sales and traffic declines. Despite ongoing headwinds, the management is optimistic about performance in the second half, focusing on newness and innovation in Performance Sports. I have upgraded Nike to a "hold" rating with a price target of $80, as comps should improve as long as it sticks to its long-term strategic plan of Performance Sports innovation and powerful storytelling.
seekingalpha.com
- 5 months ago
8. Profile
Summary
Performance Shipping Inc. PSHG
COUNTRY
GR
INDUSTRY
Marine Shipping
MARKET CAP
$ 16.7 M
Dividend Yield
0.00%
Description
Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. 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.
Contact
373 Syngrou Avenue, Athens, 175 64
https://www.pshipping.com
IPO
Date
Jan. 3, 2011
Employees
209
Officers
Captain Panos Chatzikyriakos
HSE Director
Mr. Argyris Chachalis
Technical Director
Mr. Andreas Nikolaos Michalopoulos
MD, Chief Executive Officer, Secretary & Director
Mr. Anthony C. Argyropoulos
Chief Financial Officer
Captain Nikolaos Gavalas
Operations Director
Aikaterini Oikonomea
Legal Counsel
Andreas Mavrommatis
Chief Accountant