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DryShips

Nasdaq:DRYS
Snowflake Description

Questionable track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DRYS
Nasdaq
$455M
Market Cap
  1. Home
  2. US
  3. Transportation
Company description

DryShips Inc. owns and operates ocean going cargo vessels worldwide. The last earnings update was 24 days ago. More info.


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  • DryShips has significant price volatility in the past 3 months.
DRYS Share Price and Events
7 Day Returns
-0.2%
NasdaqCM:DRYS
3.7%
US Shipping
0.3%
US Market
1 Year Returns
6.5%
NasdaqCM:DRYS
-3.2%
US Shipping
5.8%
US Market
DRYS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DryShips (DRYS) -0.2% 0.2% 25.4% 6.5% -100% -100%
US Shipping 3.7% -1.4% 3.7% -3.2% 11.1% -61.6%
US Market 0.3% -2.2% -3.2% 5.8% 34.6% 49.4%
1 Year Return vs Industry and Market
  • DRYS outperformed the Shipping industry which returned -3.2% over the past year.
  • DRYS matched the United States of America Market (5.8%) over the past year.
Price Volatility
DRYS
Industry
5yr Volatility vs Market

DRYS Value

 Is DryShips 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 DryShips. This is due to cash flow or dividend data being unavailable. The share price is $5.24.
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 DryShips's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DryShips's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:DRYS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.07
NasdaqCM:DRYS Share Price ** NasdaqCM (2019-10-10) in USD $5.24
United States of America Shipping Industry PE Ratio Median Figure of 13 Publicly-Listed Shipping Companies 24.56x
United States of America Market PE Ratio Median Figure of 3,106 Publicly-Listed Companies 17.4x

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

** Primary Listing of DryShips.

NasdaqCM:DRYS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:DRYS Share Price ÷ EPS (both in USD)

= 5.24 ÷ 0.07

78.63x

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

  • DryShips is overvalued based on earnings compared to the US Shipping industry average.
  • DryShips is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does DryShips's expected growth come at a high price?
Raw Data
NasdaqCM:DRYS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 78.63x
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 0.7x
United States of America Market PEG Ratio Median Figure of 2,127 Publicly-Listed Companies 1.45x

*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 DryShips, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on DryShips's assets?
Raw Data
NasdaqCM:DRYS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $7.19
NasdaqCM:DRYS Share Price * NasdaqCM (2019-10-10) in USD $5.24
United States of America Shipping Industry PB Ratio Median Figure of 24 Publicly-Listed Shipping Companies 0.55x
United States of America Market PB Ratio Median Figure of 5,318 Publicly-Listed Companies 1.69x
NasdaqCM:DRYS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:DRYS Share Price ÷ Book Value per Share (both in USD)

= 5.24 ÷ 7.19

0.73x

* Primary Listing of DryShips.

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

  • DryShips is overvalued based on assets compared to the US Shipping industry average.
X
Value checks
We assess DryShips'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. DryShips has a total score of 0/6, 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.

DRYS Future Performance

 How is DryShips 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 DryShips 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
29.3%
Expected Shipping industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is DryShips expected to grow at an attractive rate?
  • Unable to compare DryShips's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare DryShips's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare DryShips's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:DRYS Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Shipping Industry Earnings Growth Rate Market Cap Weighted Average 29.3%
United States of America Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.6%
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
NasdaqCM:DRYS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
NasdaqCM:DRYS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 182 43 6
2019-03-31 184 44 22
2018-12-31 186 32 22
2018-09-30 180 28 18
2018-06-30 160 6 -9
2018-03-31 134 -27 -28
2017-12-31 101 -38 -40
2017-09-30 68 -49 -126
2017-06-30 50 -48 -117
2017-03-31 52 -35 -110
2016-12-31 52 -25 -206
2016-09-30 66 -32 -649

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if DryShips is high growth as no earnings estimate data is available.
  • Unable to determine if DryShips 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
NasdaqCM:DRYS 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 0 Analyst Estimates (S&P Global) See Below

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

NasdaqCM:DRYS Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.07
2019-03-31 0.23
2018-12-31 0.22
2018-09-30 0.18
2018-06-30 -0.10
2018-03-31 -0.45
2017-12-31 -1.13
2017-09-30 -13.61
2017-06-30 -955.89
2017-03-31 -6,742.06
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 DryShips will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. DryShips'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
  2. DryShips's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess DryShips'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.
DryShips 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.

DRYS Past Performance

  How has DryShips 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 DryShips'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.
  • DryShips has delivered over 20% year on year earnings growth in the past 5 years.
  • DryShips has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • DryShips has become profitable in the last year making it difficult to compare the US Shipping industry average.
Earnings and Revenue History
DryShips'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 DryShips Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:DRYS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 182.35 6.03 29.25
2019-03-31 184.49 22.01 27.97
2018-12-31 186.14 21.78 28.31
2018-09-30 179.51 17.87 29.30
2018-06-30 159.89 -8.91 29.42
2018-03-31 133.63 -27.81 29.43
2017-12-31 100.72 -39.74 30.97
2017-09-30 67.77 -126.14 37.97
2017-06-30 49.93 -116.75 37.48
2017-03-31 51.88 -109.94 38.53
2016-12-31 51.93 -206.38 39.71
2016-09-30 66.05 -649.39 40.19
2016-06-30 104.73 -1,463.87 48.13
2016-03-31 489.57 -2,895.55 71.51
2015-12-31 969.83 -2,847.63 104.91
2015-09-30 1,544.47 -2,344.17 144.71
2015-06-30 2,095.66 -1,507.65 177.86
2015-03-31 2,220.15 -72.89 187.88
2014-12-31 2,185.52 -48.21 193.69
2014-09-30 2,018.47 -48.46 196.22
2014-06-30 1,821.45 -128.58 201.92
2014-03-31 1,629.79 -141.07 197.57
2013-12-31 1,492.01 -223.15 184.72
2013-09-30 1,343.53 -328.59 167.04
2013-06-30 1,282.23 -315.99 148.22
2013-03-31 1,282.36 -315.96 148.21
2012-12-31 1,210.14 -246.78 145.94

*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.
  • DryShips has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • DryShips used its assets less efficiently than the US Shipping industry average last year based on Return on Assets.
  • DryShips 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 DryShips'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.
DryShips has a total score of 2/6, 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.

DRYS Health

 How is DryShips'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 DryShips's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DryShips is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • DryShips's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of DryShips'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 0.6x 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 DryShips Company Filings, last reported 3 months ago.

NasdaqCM:DRYS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 624.42 277.19 106.74
2019-03-31 636.99 283.64 136.11
2018-12-31 637.73 290.08 141.85
2018-09-30 671.35 424.10 141.61
2018-06-30 683.77 433.34 124.45
2018-03-31 692.87 296.00 72.42
2017-12-31 707.04 145.34 14.49
2017-09-30 607.47 72.99 37.67
2017-06-30 495.14 37.51 104.17
2017-03-31 403.48 177.00 397.83
2016-12-31 49.77 16.81 76.41
2016-09-30 13.01 200.23
2016-06-30 3.41 214.00 0.07
2016-03-31 7.00 214.79 0.06
2015-12-31 121.41 220.15
2015-09-30 631.08 333.21 106.09
2015-06-30 1,448.72 1,088.90 11.55
2015-03-31 4,241.36 5,956.17 436.25
2014-12-31 4,290.39 5,558.48 566.24
2014-09-30 3,954.40 5,972.51 496.69
2014-06-30 3,903.75 6,013.27 458.72
2014-03-31 3,888.60 6,081.54 720.74
2013-12-31 3,831.70 5,654.33 595.14
2013-09-30 3,813.24 5,303.26 506.21
2013-06-30 3,881.88 4,546.49 226.29
2013-03-31 3,881.96 4,563.39 384.66
2012-12-31 3,868.02 4,535.66 341.95
  • DryShips's level of debt (44.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (154% vs 44.4% today).
  • Debt is not well covered by operating cash flow (15.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess DryShips'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. DryShips has a total score of 2/6, 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.

DRYS Dividends

 What is DryShips'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 DryShips dividends.
If you bought $2,000 of DryShips 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 DryShips's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate DryShips'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
NasdaqCM:DRYS 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 6 Stocks 4.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

NasdaqCM:DRYS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-09-18 0.000 0.000
2019-09-17 0.000 0.000
2019-05-15 0.000 0.000
2019-03-01 0.000 0.000
2019-02-28 0.000 0.000
2018-10-30 0.000 0.000
2018-10-29 0.000 0.000
2018-08-01 0.000 0.000
2018-07-31 0.000 0.000
2017-03-20 68.257 1,588.072
2010-11-17 0.000 0.000
2010-08-03 0.000 0.000
2010-07-28 0.000 0.000
2010-04-09 0.000 0.000
2010-02-25 0.000 0.000
2009-10-28 0.000 0.000
2009-10-26 0.000 0.000
2009-08-03 0.000 0.000
2009-07-30 0.000 0.000
2009-05-06 0.000 0.000
2009-05-01 0.000 0.000
2009-01-22 0.000 0.000
2008-11-06 9,408,001.505 9.737
2008-11-03 9,408,001.505 4.192

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

  • Unable to perform a dividend volatility check as DryShips has not reported any payouts.
  • Unable to verify if DryShips's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of DryShips's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as DryShips 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 DryShips'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 DryShips afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. DryShips 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.

DRYS Management

 What is the CEO of DryShips'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
George Economou
AGE 66
TENURE AS CEO 15.8 years
CEO Bio

Mr. George Economou has been the Chairman of the Board of Ocean Rig Management Inc. since December 2010. Mr. Economou was Chief Executive Officer of Ocean Rig Management Inc. from September 2, 2010 until January 1, 2018 and President since September 2, 2010. Mr. Economou is Founder of DryShips, Inc. He has been the Chairman and Chief Executive Officer of DryShips, Inc. since 2004 and served as its President. He has been the Chairman of the Board and Director of Ocean Rig UDW Inc. since December 2010 and served as its Chief Executive Officer since September 2, 2010 until 2018. He has been the Chairman of AllShips Ltd. since August 23, 2004 and serves as its Chief Executive Officer. He has been the President of AllShips Ltd. since August 23, 2004. He has over 40 years of experience in the maritime industry. He founded Cardiff Marine Inc., in 1986. He served as Interim Chief Executive Officer at Ocean Rig UDW Inc. and served as its President since September 2, 2010 until December 2016. He served as Interim Chief Financial Officer of DryShips, Inc., from May 29, 2007 to November 1, 2009 and Chief Financial Officer from October 6, 2006 to November 22, 2006. He successfully took DryShips public in February 2005. Mr. Economou has overseen the growth of DryShips into one of the largest U.S.-listed dry bulk companies in fleet size and revenue and one of the largest Panamax owners in the world. From 1978 to 1981, he served as Sale and Purchase Manager at Brokerage and Management in New York. He began his career in 1976 when he commenced working as a Superintendent Engineer in Thenamaris Ship Management in Greece. From 1981 to 1986, he served as General Manager of Oceania Maritime Agency in New York. From 1986 to 1991, Mr. Economou participated in the formation of numerous individual shipping companies which involved, among others, the present group of companies. He serves as a Director of Dryships Inc. He has been a Director of Danaos Corporation since 2010 .He serves as a Director of Omninet International Limited. He serves as a Member of Advisory Board at SIGNA Holding GmbH. He serves as a Member of General Council at Bank of Greece. He is a Member of ABS Council, Intertanko Hellenic Shipping Forum and Lloyds Register Hellenic Advisory Committee. He is graduated from Athens College. Mr. Economou studied shipbuilding from the Massachusetts Institute of Technology in 1976 and holds both a Bachelor of Science and a Master of Science degree in Naval Architecture and Marine Engineering and a Master of Science in Shipping and Shipbuilding Management.

CEO Compensation
  • Insufficient data for George to compare compensation growth.
  • Insufficient data for George 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 DryShips management team in years:

7.8
Average Tenure
42
Average Age
  • The average tenure for the DryShips management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

George Economou

TITLE
Founder
AGE
66
TENURE
15.8 yrs

Anthony Kandylidis

TITLE
President
AGE
42
TENURE
2.8 yrs

Anastasia Pavli

TITLE
Corporate Secretary
AGE
37
TENURE
7.8 yrs
Board of Directors Tenure

Average tenure and age of the DryShips board of directors in years:

6.3
Average Tenure
60.5
Average Age
  • The tenure for the DryShips board of directors is about average.
Board of Directors

George Economou

TITLE
Founder
AGE
66
TENURE
15.8 yrs

Anthony Kandylidis

TITLE
President
AGE
42
TENURE
2.3 yrs

George Demathas

TITLE
Independent Director
AGE
66
TENURE
13.3 yrs

Harry Kerames

TITLE
Independent Director
AGE
64
TENURE
10.3 yrs

Andreas Argyropoulos

TITLE
Independent Director
AGE
42
TENURE
2.3 yrs

George Kokkodis

TITLE
Independent Director
AGE
57
TENURE
1.9 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 DryShips'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. DryShips 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.

DRYS News

Simply Wall St News

Is DryShips Inc.'s (NASDAQ:DRYS) ROE Of 2.6% Concerning?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.026. … Return on Equity = Net Profit ÷ Shareholders' Equity

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What Do You Get For Owning DryShips Inc (NASDAQ:DRYS)?

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Your return is tied to DRYS’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … Thus, to understand how your money can grow by investing in DryShips, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

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Is DryShips Inc's (NASDAQ:DRYS) Balance Sheet Strong Enough To Weather A Storm?

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

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Is DryShips Inc's (NASDAQ:DRYS) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like DryShips Inc (NASDAQ:DRYS), with a market cap of US$646.88m. … However, an important fact which most ignore is: how financially healthy is the business? … Given that DRYS is not presently profitable,

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Does DryShips Inc's (NASDAQ:DRYS) Latest Financial Perfomance Look Strong?

After looking at DryShips Inc's (NASDAQ:DRYS) latest earnings announcement (31 March 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … NasdaqCM:DRYS Income Statement May 17th 18 We can further examine DryShips's loss by looking at what the industry has been experiencing over the past few years.

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Why You Need To Look At This Factor Before Buying DryShips Inc (NASDAQ:DRYS)

The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … Based on this beta value, DRYS will help diversify your portfolio, if it currently comprises of low-beta stocks. … With a market cap of US$411.89M, DRYS falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies.

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What You Must Know About DryShips Inc's (NASDAQ:DRYS) Financial Strength

DRYS has shrunken its total debt levels in the last twelve months, from US$220.15M to US$16.81M – this includes both the current and long-term debt. … With this debt repayment, DRYS currently has US$76.41M remaining in cash and short-term investments for investing into the business. … Risk around debt is very low for DRYS, and the company also has the ability and headroom to increase debt if needed going forward.Next Steps: Although DRYS’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

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Want To Invest In DryShips Inc (NASDAQ:DRYS)? Here's How It Performed Lately

After looking at DryShips Inc's (NASDAQ:DRYS) latest earnings announcement (30 September 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … NasdaqCM:DRYS Income Statement Feb 5th 18 We can further evaluate DryShips's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past half a decade DryShips has seen an annual decline in revenue of -12.80%, on average.

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Why DryShips Inc's (DRYS) Investor Composition Impacts Your Returns

NasdaqCM:DRYS Insider Trading Nov 21st 17 General Public Ownership The general public holds a substantial 28.33% stake in DRYS, making it a highly popular stock among retail investors. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Another group of owners that a potential investor in DRYS should consider are private companies, with a stake of 69.45%.

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What does DryShips Inc's (DRYS) Balance Sheet Tell Us Abouts Its Future?

See our latest analysis for DRYS How does DRYS’s operating cash flow stack up against its debt? … Last year, DRYS’s operating cash flow was -1.38x its current debt. … Although DRYS’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

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DRYS Company Info

Description

DryShips Inc. owns and operates ocean going cargo vessels worldwide. It operates through four segments: Drybulk Carrier, Tanker, Gas Carrier, and Offshore Support. The Drybulk Carrier segment offers drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries. The Tanker segment provides transportation services for crude and refined petroleum cargoes. The Gas Carrier segment offers transportation services for liquefied gas cargoes. The Offshore Support segment provides offshore support services to the global offshore energy industry. As of March 01, 2019, the company operated a fleet of 31 vessels, including 6 Panamax drybulk vessels; 8 Newcastlemax drybulk vessels; 5 Kamsarmax drybulk vessels; 1 very large crude carrier; 3 Aframax tankers; 2 Suezmax tanker; and 6 offshore support vessels, comprising 2 platform supply and 4 oil spill recovery vessels. DryShips Inc. was founded in 2004 and is based in Athens, Greece.

Details
Name: DryShips Inc.
DRYS
Exchange: NasdaqCM
Founded: 2004
$455,285,925
86,886,627
Website: http://www.dryships.com
Address: DryShips Inc.
109 Kifisias Avenue and Sina Street,
Marousi,
Athens,
151 24,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM DRYS Common Stock Nasdaq Capital Market US USD 03. Feb 2005
DB GQTX Common Stock Deutsche Boerse AG DE EUR 03. Feb 2005
DB GQTM COM USD0.01(POST REV SPLT) Deutsche Boerse AG DE USD 12. Oct 2019
Number of employees
Current staff
Staff numbers
437
DryShips employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 00:09
End of day share price update: 2019/10/10 00:00
Last earnings filing: 2019/09/18
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.