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Performance Shipping

Nasdaq:DCIX
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DCIX
Nasdaq
$33M
Market Cap
  1. Home
  2. US
  3. Transportation
Company description

Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of containerships worldwide. The last earnings update was 113 days ago. More info.


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DCIX Share Price and Events
7 Day Returns
-2.4%
NasdaqGS:DCIX
-1%
US Shipping
0.7%
US Market
1 Year Returns
-32.1%
NasdaqGS:DCIX
3.5%
US Shipping
13.7%
US Market
DCIX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Performance Shipping (DCIX) -2.4% -12.4% 0.3% -32.1% -100% -100%
US Shipping -1% -0.9% 8.3% 3.5% 6.7% -60.4%
US Market 0.7% 4.7% 6.1% 13.7% 39.2% 44.5%
1 Year Return vs Industry and Market
  • DCIX underperformed the Shipping industry which returned 3.5% over the past year.
  • DCIX underperformed the Market in United States of America which returned 13.7% over the past year.
Price Volatility
DCIX
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Performance 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
  • It is not possible to calculate the future cash flow value for Performance Shipping. This is due to cash flow or dividend data being unavailable. The share price is $0.9027.
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 Performance Shipping's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Performance Shipping's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:DCIX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.50
NasdaqGS:DCIX Share Price ** NasdaqGS (2019-11-18) in USD $0.9
United States of America Shipping Industry PE Ratio Median Figure of 10 Publicly-Listed Shipping Companies 17.87x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

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

** Primary Listing of Performance Shipping.

NasdaqGS:DCIX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:DCIX Share Price ÷ EPS (both in USD)

= 0.9 ÷ -0.50

-1.8x

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

  • Performance Shipping is loss making, we can't compare its value to the US Shipping industry average.
  • Performance Shipping is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Performance Shipping's expected growth come at a high price?
Raw Data
NasdaqGS:DCIX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Shipping Industry PEG Ratio Median Figure of 9 Publicly-Listed Shipping Companies 0.33x
United States of America Market PEG Ratio Median Figure of 2,038 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Performance Shipping, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Performance Shipping's assets?
Raw Data
NasdaqGS:DCIX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $3.10
NasdaqGS:DCIX Share Price * NasdaqGS (2019-11-18) in USD $0.9
United States of America Shipping Industry PB Ratio Median Figure of 23 Publicly-Listed Shipping Companies 0.53x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.76x
NasdaqGS:DCIX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:DCIX Share Price ÷ Book Value per Share (both in USD)

= 0.9 ÷ 3.10

0.29x

* Primary Listing of Performance Shipping.

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

  • Performance Shipping is good value based on assets compared to the US Shipping industry average.
X
Value checks
We assess Performance 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. Performance Shipping has a total score of 1/6, 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.

Future Performance

 How is Performance Shipping expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Performance Shipping has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
31.3%
Expected Shipping industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Performance Shipping expected to grow at an attractive rate?
  • Unable to compare Performance Shipping's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Performance Shipping's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Performance Shipping's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:DCIX Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Shipping Industry Earnings Growth Rate Market Cap Weighted Average 31.3%
United States of America Shipping Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqGS:DCIX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:DCIX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqGS:DCIX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 21 -8
2019-03-31 23 -49
2018-12-31 26 0 -53
2018-09-30 27 -69
2018-06-30 29 -5 -72
2018-03-31 28 7
2017-12-31 24 -13 4
2017-09-30 21 12
2017-06-30 23 -16 -106
2017-03-31 25 -151
2016-12-31 33 -12 -149
2016-09-30 43 -149

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Performance Shipping is high growth as no earnings estimate data is available.
  • Unable to determine if Performance Shipping is high growth as no revenue estimate data is available.
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
NasdaqGS:DCIX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Performance Shipping Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:DCIX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqGS:DCIX Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.50
2019-03-31 -3.91
2018-12-31 -5.60
2018-09-30 -10.60
2018-06-30 -18.07
2018-03-31 3.81
2017-12-31 8.94
2017-09-30 648.16
2017-06-30
2017-03-31
2016-12-31
2016-09-30

*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.
  • Unable to establish if Performance Shipping will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Performance Shipping's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Performance Shipping's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Transportation companies here
  3. Performance Shipping's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Performance 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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Performance Shipping has a total score of 0/6, 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.

Past Performance

  How has Performance 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 Performance 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.
  • Performance Shipping does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Performance Shipping's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Performance Shipping's 1-year growth to the US Shipping industry average as it is not currently profitable.
Earnings and Revenue History
Performance 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 Performance Shipping Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:DCIX 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 21.32 -8.40 7.63
2019-03-31 23.04 -49.13 7.99
2018-12-31 25.57 -52.90 8.03
2018-09-30 27.29 -69.08 8.92
2018-06-30 28.79 -71.55 8.94
2018-03-31 28.02 7.27 8.67
2017-12-31 23.81 3.82 8.37
2017-09-30 21.45 11.95 6.95
2017-06-30 22.70 -106.11 6.81
2017-03-31 25.20 -150.64 7.04
2016-12-31 33.19 -149.01 7.24
2016-09-30 42.64 -149.38 7.26
2016-06-30 50.73 -31.70 7.06
2016-03-31 60.07 -22.80 6.63
2015-12-31 62.18 -17.53 6.19
2015-09-30 62.33 -7.89 6.17
2015-06-30 59.30 2.67 6.03
2015-03-31 54.49 2.38 6.06
2014-12-31 54.07 3.19 6.31
2014-09-30 54.53 -17.42 5.73
2014-06-30 52.62 -19.59 5.52
2014-03-31 52.33 -25.25 5.44
2013-12-31 54.02 -57.35 5.36
2013-09-30 53.15 -37.40 5.35
2013-06-30 56.63 -35.07 5.44
2013-03-31 59.32 -27.80 5.34
2012-12-31 56.63 5.87 5.02

*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.
  • It is difficult to establish if Performance Shipping has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Performance Shipping has efficiently used its assets last year compared to the US Shipping industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Performance Shipping improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Performance 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.
Performance Shipping has a total score of 0/6, 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.

Health

 How is Performance 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 Performance Shipping's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Performance Shipping is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Performance Shipping's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Performance 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.
  • Performance Shipping has no debt, it does not need to be covered by short term assets.
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 Performance Shipping Company Filings, last reported 4 months ago.

NasdaqGS:DCIX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 112.63 0.00 16.74
2019-03-31 103.75 0.00 17.40
2018-12-31 95.58 0.00 10.49
2018-09-30 91.67 0.00 5.46
2018-06-30 96.40 38.47 3.92
2018-03-31 134.44 60.62 5.08
2017-12-31 130.77 96.95 6.44
2017-09-30 129.01 111.87 8.18
2017-06-30 129.11 117.22 11.57
2017-03-31 88.41 172.82 19.05
2016-12-31 90.88 172.75 8.32
2016-09-30 99.08 172.68 16.61
2016-06-30 225.58 181.69 18.79
2016-03-31 233.49 186.66 36.60
2015-12-31 239.17 191.63 29.39
2015-09-30 247.86 170.58 47.91
2015-06-30 256.88 149.58 47.72
2015-03-31 255.93 149.37 86.63
2014-12-31 256.44 149.17 82.00
2014-09-30 255.71 142.96 110.01
2014-06-30 163.00 148.75 38.06
2014-03-31 163.79 148.54 33.01
2013-12-31 164.47 148.34 19.69
2013-09-30 185.75 148.13 3.51
2013-06-30 189.32 92.00 37.96
2013-03-31 197.52 91.95 7.24
2012-12-31 238.76 91.91 31.53
  • Performance Shipping has no debt.
  • Performance Shipping has no debt compared to 5 years ago when it was 90.7%.
  • Performance Shipping has no debt, it does not need to be covered by operating cash flow.
  • Performance Shipping has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Performance 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. Performance Shipping has a total score of 5/6, 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.

Dividends

 What is Performance 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 Performance Shipping dividends.
If you bought $2,000 of Performance 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 Performance Shipping's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Performance 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
NasdaqGS:DCIX 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 0 Analyst Estimates (S&P Global) See Below
United States of America Shipping Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1956 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NasdaqGS:DCIX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NasdaqGS:DCIX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-03-16 0.000 0.000
2018-02-20 0.000 0.000
2017-11-17 0.000 0.000
2017-09-08 0.000 0.000
2017-07-25 0.000 0.000
2017-05-22 0.000 0.000
2017-02-16 0.000 0.000
2017-02-13 0.000 0.000
2016-11-17 0.000 0.000
2016-07-27 0.000 0.000
2016-05-17 493.920 1.923
2016-03-21 493.920 1.486
2016-03-01 493.920 1.749
2015-11-10 493.920 1.623
2015-08-03 493.920 0.680
2015-05-12 493.920 0.448
2015-03-23 493.920 0.402
2015-02-27 493.920 0.403
2014-11-24 493.920 0.456
2014-09-08 493.920 0.471
2014-07-28 493.920 0.382
2014-05-13 9,878.408 7.585
2014-02-18 37,044.032 19.330
2013-11-14 29,635.225 15.255
2013-07-29 29,635.225 15.222
2013-05-21 59,270.450 24.770
2013-02-19 59,270.450 21.725
2012-11-19 59,270.450 19.127
2012-08-01 59,270.450 20.927
2012-05-02 49,392.042 14.089
2012-02-23 29,635.225 9.677
2011-11-22 29,635.225 10.342
2011-08-03 5,927.045 2.359

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

  • Unable to perform a dividend volatility check as Performance Shipping has not reported any payouts.
  • Unable to verify if Performance Shipping's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Performance Shipping's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Performance Shipping has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Performance 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 Performance Shipping afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Performance 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.

Management

 What is the CEO of Performance 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 9.8 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 United States of America.
Management Team Tenure

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

9.8
Average Tenure
48
Average Age
  • The average tenure for the Performance 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
9.8 yrs

Anastasios Margaronis

TITLE
President & Director
AGE
63
TENURE
9.8 yrs

Andreas Michalopoulos

TITLE
CFO, Deputy CEO & Treasurer
AGE
48
TENURE
9.8 yrs

Semiramis Paliou

TITLE
Chief Operating Officer
AGE
44
TENURE
1 yrs

Ioannis Zafirakis

TITLE
Chief Strategy Officer
AGE
47
Board of Directors Tenure

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

9.8
Average Tenure
70
Average Age
  • The tenure for the Performance Shipping board of directors is about average.
Board of Directors

Simeon Palios

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

Anastasios Margaronis

TITLE
President & Director
AGE
63
TENURE
9.8 yrs

Ioannis Zafirakis

TITLE
Chief Strategy Officer
AGE
47
TENURE
9.8 yrs

Antonios Karavias

TITLE
Independent Director
AGE
77
TENURE
9.8 yrs

John Evangelou

TITLE
Independent Director
AGE
74
TENURE
8.8 yrs

Nikolaos Petmezas

TITLE
Independent Director
AGE
70
TENURE
9.6 yrs

Reidar Brekke

TITLE
Independent Director
AGE
58
TENURE
9.4 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 ($) Value ($)
28. Jun 19 Buy Anastasios Margaronis Individual 12. Apr 19 26. Jun 19 400,412 $1.20 $406,318
28. Jun 19 Buy Steamship Shipbroking Enterprises Inc. Company 26. Mar 19 03. Jun 19 171,156 $1.14 $187,567
21. Mar 19 Buy Anastasios Margaronis Individual 08. Mar 19 15. Mar 19 150,000 $0.97 $140,740
21. Mar 19 Buy Steamship Shipbroking Enterprises Inc. Company 05. Mar 19 14. Mar 19 994,361 $0.95 $890,393
X
Management checks
We assess Performance 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. Performance 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.

News

Simply Wall St News

Is Diana Containerships Inc's (NASDAQ:DCIX) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Diana Containerships Inc (NASDAQ:DCIX) with its market cap of US$12.06m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is … since poor capital management may bring about bankruptcies,

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Should You Be Concerned About Diana Containerships Inc's (NASDAQ:DCIX) Shareholders?

The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … Check out our latest analysis for Diana Containerships NasdaqGS:DCIX Ownership_summary May 31st 18 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: Institutional ownership in DCIX is not at a level that would concern investors.

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Is Diana Containerships Inc's (NASDAQ:DCIX) PE Ratio A Signal To Buy For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for DCIX Price per share = $1.57 Earnings per share = $3.807 ∴ Price-Earnings Ratio = $1.57 ÷ $3.807 = 0.4x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … We preferably want to compare the stock’s P/E ratio to the average of companies that have similar features to DCIX, such as capital structure and profitability. … For example, if you are inadvertently comparing lower risk firms with DCIX, then DCIX’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

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What You Must Know About Diana Containerships Inc's (NASDAQ:DCIX) 2.92% ROE

See our latest analysis for Diana Containerships What you must know about ROE Return on Equity (ROE) weighs Diana Containerships’s profit against the level of its shareholders’ equity. … Since Diana Containerships’s return does not cover its cost, with a difference of -14.61%, this means its current use of equity is not efficient and not sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NasdaqGS:DCIX Last Perf Apr 22nd 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

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How Financially Strong Is Diana Containerships Inc (NASDAQ:DCIX)?

Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … Next Steps: DCIX’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

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Who Are The Largest Shareholders In Diana Containerships Inc (NASDAQ:DCIX)?

Generally, an institutional ownership of 5.64%, in the case of DCIX, should not concern investors in terms of high stock volatility. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: While institutional ownership in DCIX is low, active hedge funds still have a significant stake in the company.

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Should You Be Holding Diana Containerships Inc (NASDAQ:DCIX) Right Now?

A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements. … With a market cap of $2.14M, DCIX falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies. … Therefore, this is a type of risk which is associated with higher beta.

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How Did Diana Containerships Inc's (NASDAQ:DCIX) 10.47% ROE Fare Against The Industry?

View our latest analysis for Diana Containerships Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) is a measure of Diana Containerships’s profit relative to its shareholders’ equity. … For now, let’s just look at the cost of equity number for Diana Containerships, which is 17.53%. … Given a discrepancy of -7.06% between return and cost, this indicated that Diana Containerships may be paying more for its capital than what it’s generating in return.

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Is It Time To Buy Diana Containerships Inc (NASDAQ:DCIX) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for DCIX Price per share = $4.97 Earnings per share = $648.163 ∴ Price-Earnings Ratio = $4.97 ÷ $648.163 = 0x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you inadvertently compared lower risk firms with DCIX, then investors would naturally value DCIX at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with DCIX, investors would also value DCIX at a lower price since it is a lower growth investment.

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What Investors Should Know About Diana Containerships Inc's (DCIX) Financial Strength

DCIX has shrunken its total debt levels in the last twelve months, from $191.6M to $172.7M , which is made up of current and long term debt. … At the current liabilities level of $129.9M liabilities, the company is not able to meet these obligations given the level of current assets of $22.9M, with a current ratio of 0.18x below the prudent level of 3x. … NasdaqGS:DCIX Historical Debt Dec 8th 17 Is DCIX’s level of debt at an acceptable level?

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Company Info

Description

Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of containerships worldwide. As of October 1, 2019, it owned and operated two container vessels, including one Post-Panamax and one Panamax container vessels; and one Aframax tanker vessel. The company was founded in 2010 and is based in Athens, Greece.

Details
Name: Performance Shipping Inc.
DCIX
Exchange: NasdaqGS
Founded: 2010
$32,747,843
36,277,660
Website: http://www.pshipping.com
Address: Performance Shipping Inc.
Pendelis 18,
Palaio Faliro,
Athens,
175 64,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS DCIX Common Stock Nasdaq Global Select US USD 03. Jan 2011
DB DS2T Common Stock Deutsche Boerse AG DE EUR 03. Jan 2011
BST DS2T Common Stock Boerse-Stuttgart DE EUR 03. Jan 2011
DB DS2N COM USD0.01(POST REV SPLIT) Deutsche Boerse AG DE EUR 19. Nov 2019
Number of employees
Current staff
Staff numbers
137
Performance Shipping employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 00:23
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2017/02/13
Last earnings filing: 2019/07/29
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.