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Diana Shipping

DB:DSZ
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DSZ
DB
$320M
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Diana Shipping Inc. provides shipping transportation services. The last earnings update was 74 days ago. More info.


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DSZ Share Price and Events
7 Day Returns
1.9%
DB:DSZ
4.1%
Europe Shipping
2.5%
DE Market
1 Year Returns
-2.8%
DB:DSZ
6.2%
Europe Shipping
2.6%
DE Market
DSZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Diana Shipping (DSZ) 1.9% 2.1% -1.9% -2.8% 38.9% -50.4%
Europe Shipping 4.1% -1.8% 9.8% 6.2% 6.6% -14.6%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • DSZ underperformed the Shipping industry which returned 6.2% over the past year.
  • DSZ underperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
DSZ
Industry
5yr Volatility vs Market

DSZ Value

 Is Diana Shipping undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Diana Shipping to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Diana Shipping.

DB:DSZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 20.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:DSZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 15%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 29%) (154.75%))
1.361
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.36
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.361 * 14.99%)
20.63%

Discounted Cash Flow Calculation for DB:DSZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Diana Shipping is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:DSZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 20.63%)
2020 63.87 Analyst x2 52.95
2021 99.17 Analyst x1 68.15
2022 100.81 Est @ 1.66% 57.44
2023 102.05 Est @ 1.23% 48.20
2024 103.00 Est @ 0.93% 40.33
2025 103.74 Est @ 0.72% 33.67
2026 104.33 Est @ 0.57% 28.07
2027 104.82 Est @ 0.47% 23.38
2028 105.23 Est @ 0.4% 19.46
2029 105.60 Est @ 0.35% 16.19
Present value of next 10 years cash flows $387.00
DB:DSZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $105.60 × (1 + 0.23%) ÷ (20.63% – 0.23%)
$518.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $518.82 ÷ (1 + 20.63%)10
$79.53
DB:DSZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $387.00 + $79.53
$466.53
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $466.53 / 92.99
$5.02
DB:DSZ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DSZ represents 0.92442x of NYSE:DSX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92442x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 5.02 x 0.92442
€4.64
Value per share (EUR) From above. €4.64
Current discount Discount to share price of €3.18
= -1 x (€3.18 - €4.64) / €4.64
31.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Diana Shipping is available for.
Intrinsic value
31%
Share price is €3.18 vs Future cash flow value of €4.64
Current Discount Checks
For Diana Shipping to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Diana Shipping's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Diana Shipping's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Diana Shipping's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Diana Shipping's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DSZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.13
NYSE:DSX Share Price ** NYSE (2019-10-11) in USD $3.44
Europe Shipping Industry PE Ratio Median Figure of 26 Publicly-Listed Shipping Companies 11.43x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Diana Shipping.

DB:DSZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:DSX Share Price ÷ EPS (both in USD)

= 3.44 ÷ 0.13

25.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Diana Shipping is overvalued based on earnings compared to the Europe Shipping industry average.
  • Diana Shipping is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Diana Shipping's expected growth come at a high price?
Raw Data
DB:DSZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
80.2%per year
Europe Shipping Industry PEG Ratio Median Figure of 14 Publicly-Listed Shipping Companies 0.79x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:DSZ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.67x ÷ 80.2%

0.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Diana Shipping is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Diana Shipping's assets?
Raw Data
DB:DSZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $6.29
NYSE:DSX Share Price * NYSE (2019-10-11) in USD $3.44
Europe Shipping Industry PB Ratio Median Figure of 43 Publicly-Listed Shipping Companies 0.76x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:DSZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:DSX Share Price ÷ Book Value per Share (both in USD)

= 3.44 ÷ 6.29

0.55x

* Primary Listing of Diana Shipping.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Diana Shipping is good value based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess Diana Shipping's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. Diana Shipping has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DSZ Future Performance

 How is Diana Shipping expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
80.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Diana Shipping expected to grow at an attractive rate?
  • Diana Shipping's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Diana Shipping's earnings growth is expected to exceed the Germany market average.
  • Diana Shipping's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DSZ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DSZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 80.2%
DB:DSZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.8%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 22.3%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:DSZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DSZ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 247 57 3
2020-12-31 221 67 37 5
2019-12-31 212 60 3 4
2019-10-12
DB:DSZ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 240 14
2019-03-31 238 17
2018-12-31 226 80 11
2018-09-30 212 -429
2018-06-30 195 -468
2018-03-31 179 -494
2017-12-31 162 23 -517
2017-09-30 141 -104
2017-06-30 124 -158
2017-03-31 115 -165
2016-12-31 114 -21 -170
2016-09-30 125 -169

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Diana Shipping's earnings are expected to grow significantly at over 20% yearly.
  • Diana Shipping's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:DSZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Diana Shipping Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DSZ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.58 0.68 0.49 2.00
2020-12-31 0.34 0.65 0.15 4.00
2019-12-31 0.08 0.14 0.03 4.00
2019-10-12
DB:DSZ Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.13
2019-03-31 0.16
2018-12-31 0.10
2018-09-30 -4.15
2018-06-30 -4.55
2018-03-31 -4.88
2017-12-31 -5.41
2017-09-30 -1.15
2017-06-30 -1.86
2017-03-31 -2.04
2016-12-31 -2.11
2016-09-30 -2.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Diana Shipping is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Diana Shipping's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Diana Shipping has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DSZ Past Performance

  How has Diana Shipping performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Diana Shipping's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Diana Shipping's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Diana Shipping has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Diana Shipping has become profitable in the last year making it difficult to compare the Europe Shipping industry average.
Earnings and Revenue History
Diana Shipping's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Diana Shipping Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DSZ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 240.07 13.58 31.67
2019-03-31 238.13 16.84 32.37
2018-12-31 226.19 10.81 31.91
2018-09-30 212.25 -429.03 31.02
2018-06-30 194.67 -468.29 29.83
2018-03-31 178.97 -494.07 29.60
2017-12-31 161.90 -517.48 28.22
2017-09-30 140.98 -103.81 26.69
2017-06-30 124.18 -157.63 26.81
2017-03-31 114.76 -165.09 26.54
2016-12-31 114.26 -170.01 26.97
2016-09-30 124.53 -169.25 27.58
2016-06-30 136.26 -108.33 27.31
2016-03-31 146.50 -91.11 26.67
2015-12-31 157.71 -70.48 25.74
2015-09-30 165.56 -54.22 25.44
2015-06-30 171.86 -29.08 25.58
2015-03-31 176.44 -20.77 25.68
2014-12-31 175.58 -15.35 26.22
2014-09-30 168.91 -17.27 26.12
2014-06-30 165.70 -26.75 25.31
2014-03-31 162.55 -24.80 24.51
2013-12-31 164.45 -21.21 23.72
2013-09-30 175.02 -6.59 22.35
2013-06-30 189.91 8.87 23.17
2013-03-31 208.11 31.50 24.26
2012-12-31 223.23 54.64 24.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Diana Shipping has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Diana Shipping used its assets less efficiently than the Europe Shipping industry average last year based on Return on Assets.
  • Diana Shipping has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Diana Shipping's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Diana Shipping has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DSZ Health

 How is Diana Shipping's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Diana Shipping's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Diana Shipping is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Diana Shipping's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Diana Shipping's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Diana Shipping Company Filings, last reported 3 months ago.

DB:DSZ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 609.38 495.02 121.42
2019-03-31 621.02 506.25 111.87
2018-12-31 627.68 530.55 126.83
2018-09-30 639.55 605.11 176.52
2018-06-30 624.42 571.92 82.35
2018-03-31 622.13 587.21 64.28
2017-12-31 624.76 601.38 40.23
2017-09-30 1,061.17 622.06 37.20
2017-06-30 1,085.29 633.60 42.27
2017-03-31 1,030.68 645.36 84.20
2016-12-31 1,056.59 598.18 98.14
2016-09-30 1,079.28 608.98 108.38
2016-06-30 1,156.98 618.69 125.64
2016-03-31 1,187.67 616.06 148.53
2015-12-31 1,218.37 600.07 171.72
2015-09-30 1,239.17 587.00 242.52
2015-06-30 1,255.89 625.43 274.75
2015-03-31 1,269.29 539.99 231.02
2014-12-31 1,282.23 484.26 218.90
2014-09-30 1,304.35 373.98 201.18
2014-06-30 1,306.07 378.48 309.11
2014-03-31 1,311.31 369.20 307.41
2013-12-31 1,253.39 431.94 240.63
2013-09-30 1,260.85 450.86 315.74
2013-06-30 1,261.96 408.05 375.35
2013-03-31 1,265.17 410.19 412.33
2012-12-31 1,266.42 460.11 446.62
  • Diana Shipping's level of debt (81.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29% vs 81.2% today).
  • Debt is not well covered by operating cash flow (16.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Diana Shipping's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Diana Shipping has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DSZ Dividends

 What is Diana Shipping's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Diana Shipping dividends. Estimated to be 0% next year.
If you bought €2,000 of Diana Shipping shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Diana Shipping's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Diana Shipping's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:DSZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:DSZ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2019-10-12
DB:DSZ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2010-11-15 0.000 0.000
2010-08-05 0.000 0.000
2010-05-26 0.000 0.000
2010-03-30 0.000 0.000
2010-02-23 0.000 0.000
2009-11-10 0.000 0.000
2009-08-06 0.000 0.000
2009-05-08 0.000 0.000
2009-05-06 0.000 0.000
2008-11-12 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Diana Shipping has not reported any payouts.
  • Unable to verify if Diana Shipping's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Diana Shipping's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Diana Shipping has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Diana Shipping's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Diana Shipping's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Diana Shipping afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Diana Shipping has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DSZ Management

 What is the CEO of Diana Shipping's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Simeon Palios
AGE 78
TENURE AS CEO 14.7 years
CEO Bio

Mr. Symeon P. Palios has been the Chairman of the Board and Chief Executive Officer at Diana Shipping Inc. since February 21, 2005. Mr. Palios has been the Chairman of the Board and Chief Executive Officer of Diana Containerships Inc. since January 13, 2010. He serves as the Chairman of the Board and Chief Executive Officer of Diana Shipping Services S.A. He serves as the President of Ironwood Trading Corporation. Mr. Palios serves as an employee of DSS. Prior to November 12, 2004, Mr. Palios served as the Managing Director of Diana Shipping Agencies S.A. and performed on behalf the services. Since 1972, when he formed Diana Shipping Agencies, Mr. Palios has the overall responsibility of the activities. Mr. Palios has 38 years of experience in the shipping industry and expertise in technical and operational issues. He served as an ensign in the Greek Navy for the inspection of passenger boats on behalf of Ministry of Merchant Marine and is qualified as a naval Architect and Engineer. He has been a Director at Diana Containerships Inc. and Diana Shipping Inc. since March 09, 1999. He serves as a Director at Ironwood Trading Corporation, the United Kingdom Freight Demurrage and Defense Association Limited. Mr. Palios serves as a Member of various leading classification societies worldwide. He holds a Bachelors degree in Marine Engineering from Durham University.

CEO Compensation
  • Insufficient data for Simeon to compare compensation growth.
  • Insufficient data for Simeon to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Diana Shipping management team in years:

14.4
Average Tenure
47.5
Average Age
  • The average tenure for the Diana Shipping management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Simeon Palios

TITLE
Chairman of the Board & CEO
AGE
78
TENURE
14.7 yrs

Anastasios Margaronis

TITLE
President & Director
AGE
63
TENURE
14.7 yrs

Andreas Michalopoulos

TITLE
CFO, Treasurer & Director
AGE
48
TENURE
13.6 yrs

Semiramis Paliou

TITLE
COO & Director
AGE
44
TENURE
1.2 yrs

Maria Dede

TITLE
Chief Accounting Officer
AGE
46
TENURE
14.1 yrs

Ioannis Zafirakis

TITLE
Chief Strategy Officer
AGE
47
TENURE
14.7 yrs
Board of Directors Tenure

Average tenure and age of the Diana Shipping board of directors in years:

14.6
Average Tenure
68.5
Average Age
  • The average tenure for the Diana Shipping board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Simeon Palios

TITLE
Chairman of the Board & CEO
AGE
78
TENURE
14.7 yrs

Anastasios Margaronis

TITLE
President & Director
AGE
63
TENURE
14.7 yrs

Andreas Michalopoulos

TITLE
CFO, Treasurer & Director
AGE
48
TENURE
1.2 yrs

Semiramis Paliou

TITLE
COO & Director
AGE
44
TENURE
4.6 yrs

Ioannis Zafirakis

TITLE
Chief Strategy Officer
AGE
47
TENURE
20.6 yrs

Konstantinos Psaltis

TITLE
Independent Director
AGE
80
TENURE
14.6 yrs

Bill Lawes

TITLE
Independent Director
AGE
75
TENURE
14.6 yrs

Apostolos Kontoyannis

TITLE
Director
AGE
70
TENURE
14.6 yrs

Kyriacos Riris

TITLE
Independent Director
AGE
69
TENURE
4.6 yrs

Konstantinos Fotiadis

TITLE
Independent Director
AGE
68
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Diana Shipping's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Diana Shipping has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DSZ News

Simply Wall St News

DSZ Company Info

Description

Diana Shipping Inc. provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes through its ownership of dry bulk vessels worldwide. As of September 5, 2019, it operated a fleet of 43 dry bulk vessels comprising 4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax, and 15 Panamax vessels. The company was formerly known as Diana Shipping Investments Corp. and changed its name to Diana Shipping Inc. in February 2005. Diana Shipping Inc. was founded in 1999 and is based in Athens, Greece.

Details
Name: Diana Shipping Inc.
DSZ
Exchange: DB
Founded: 1999
$289,491,275
92,988,332
Website: http://www.dianashippinginc.com
Address: Diana Shipping Inc.
Pendelis 16,
Palaio Faliro,
Athens,
175 64,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE DSX Common Stock New York Stock Exchange US USD 18. Mar 2005
DB DSZ Common Stock Deutsche Boerse AG DE EUR 18. Mar 2005
NYSE DSX.PRB PERP PFD SER B New York Stock Exchange US USD 12. Feb 2014
Number of employees
Current staff
Staff numbers
1,041
Diana Shipping employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 20:57
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/07
Last earnings filing: 2019/07/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.