A Business at a Glance
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Performance Shipping Inc.
PSHG
$21M
Mkt Cap
$1.70
+0.00%
Item 4. Information on the Company History and Development of the Company Performance Shipping Inc. (formerly Diana Containerships Inc.) is a corporation incorporated under the laws of the Republic of the Marshall Islands on January 7, 2010. Each of our vessels is owned by a separate wholly owned subsidiary. Performance Shipping Inc. is the owner of all the issued and outstanding shares of the subsidiaries listed in Exhibit 8.1 to this annual report. We maintain our principal executive offices at 373 Syngrou Avenue, 175 64 Palaio Faliro, Athens, Greece. Our telephone number at that address is +30 216 600 2400.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 84M | 84M | 87M | 109M | 75M | 36M |
| Net Income | 48M | 48M | 42M | 57M | 36M | - |
| EPS | $3.87 | $3.87 | $3.37 | $4.64 | $2.89 | $-9.66 |
| Free Cash Flow | 50M | 50M | 60M | 67M | 32M | -4.1M |
| ROIC | 13.6% | 17.5% | 17.1% | 30.9% | 20.1% | - |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.33 | 0.33 | 0.20 | 0.27 | 0.93 | 0.66 |
| Dividends/Share | $0.15 | $0.15 | $0.15 | $0.00 | $0.00 | $0.00 |
| Operating Income | 52M | 52M | 42M | 76M | 40M | -8.5M |
| Operating Margin | 61.7% | 61.7% | 47.8% | 69.3% | 53.2% | -23.2% |
| ROE | 14.9% | 16.1% | 16.5% | 29.3% | 29.9% | - |
| Shares Outstanding | 12M | 12M | 12M | 12M | 13M | 15M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 66M | 71M | N/A | 24M | 0 | N/A | 42M | 36M | 75M | 109M | 87M | 84M | 84M |
| Gross Margin | 89.9% | 81.7% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 6.3M | 6.2M | 7.2M | 8.4M | 8.0M | 8.2M | 8.0M | 5.8M | 6.8M | 8.0M | 8.3M | 9.7M | 9.7M |
| EBIT | 9.8M | -10M | -142M | -25M | -8.0M | -6.3M | 4.3M | -8.5M | 40M | 76M | 42M | 52M | 52M |
| Op. Margin | 15.0% | -14.8% | N/A | -103.4% | N/A | N/A | 10.2% | -23.2% | 53.2% | 69.3% | 47.8% | 61.7% | 61.7% |
| Net Income | 3.2M | -18M | -149M | N/A | N/A | -32M | N/A | N/A | 36M | 57M | 42M | 48M | 48M |
| Net Margin | 4.9% | -24.8% | N/A | N/A | N/A | N/A | N/A | N/A | 48.3% | 52.3% | 47.9% | 57.2% | 57.2% |
| Non-Recurring | -695K | -1.7M | 116M | 9.3M | 4.0M | 32M | 339K | 0 | 9.5M | 16M | 0 | 19M | 19M |
| Returns on Capital | |||||||||||||
| ROIC | 3.2% | -4.9% | -65.1% | N/A | N/A | -6.9% | N/A | N/A | 20.1% | 30.9% | 17.1% | 17.5% | 13.6% |
| ROE | 1.5% | -7.1% | -90.3% | N/A | N/A | -33.8% | N/A | N/A | 29.9% | 29.3% | 16.5% | 16.1% | 14.9% |
| ROA | 0.9% | -4.1% | -42.4% | N/A | N/A | -27.8% | N/A | N/A | 16.6% | 19.3% | 13.4% | 10.8% | 8.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 25M | 17M | -12M | -13M | -330K | -4.2M | 13M | -3.1M | 34M | 68M | 60M | 50M | 50M |
| Free Cash Flow | -35M | -96M | -12M | -13M | -330K | -54M | 13M | -4.1M | 32M | 67M | 60M | 50M | 50M |
| Owner Earnings | 15M | 3.4M | -26M | -22M | -9.0M | -9.7M | 5.4M | -11M | 24M | 53M | 47M | 35M | 35M |
| CapEx | 60M | 113M | 194K | 0 | 0 | 50M | 0 | 999K | 2.1M | 510K | 231K | 368K | 368K |
| Maint. CapEx | 10M | 13M | 13M | 8.1M | 4.9M | 3.7M | 5.9M | 7.5M | 9.3M | 15M | 13M | 15M | 15M |
| Growth CapEx | 50M | 100M | 0 | N/A | N/A | 46M | N/A | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 10M | 13M | 13M | 8.1M | 4.9M | 3.7M | 5.9M | 7.5M | 9.3M | 15M | 13M | 15M | 15M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 7.5M | 739K | 374K | 0 | 0 | 0 | 502K | 0 | 0 | 0 | 1.8M | 1.8M | 1.8M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.7% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 656K | 0 | 0 | 2.7M | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 341K | 928K | 1.1M | 1.1M | 3.7M | 1.8M | 1.9M | 268K | 107K | 52K | 0 | 0 | 0 |
| Debt Repayment | 0 | 103M | 19M | 112M | 19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 115M | 114M | 119M | 117M | -10M | 6.0M | 36M | 48M | 106M | -5.0M | -15M | 59M | 59M |
| Cash & Equiv. | 82M | 29M | 8.3M | 6.4M | 10M | 26M | 21M | 9.6M | 39M | 67M | 70M | 48M | 48M |
| Long-Term Debt | 92M | 128M | 0 | 112M | 0 | 28M | 50M | 50M | 128M | 55M | 47M | 95M | 95M |
| Debt/Equity | 0.77 | 0.60 | 1.40 | 0.95 | N/A | 0.34 | 0.60 | 0.66 | 0.93 | 0.27 | 0.20 | 0.33 | 0.33 |
| Interest Coverage | 3.0 | -3.0 | -29.0 | -1.8 | N/A | -9.8 | 2.0 | -4.7 | 10.1 | 7.9 | 31.1 | 7.6 | 7.6 |
| Equity | 256M | 239M | 91M | 131M | N/A | 94M | 97M | 87M | 156M | 233M | 275M | 323M | 323M |
| Total Assets | 409M | 436M | 267M | 232M | 100M | 131M | 158M | 145M | 293M | 296M | 330M | 560M | 560M |
| Total Liabilities | 153M | 197M | 176M | 102M | N/A | 36M | 61M | 58M | 137M | 63M | 55M | 236M | 236M |
| Intangibles | 6.4M | 3.8M | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -116M | -135M | -284M | -280M | -333M | -365M | -360M | -370M | -358M | -301M | -259M | -211M | -211M |
| Working Capital | 77M | 10M | -107M | -73M | 9.1M | 27M | 18M | 4.2M | 27M | 65M | 64M | 32M | 32M |
| Current Assets | 86M | 35M | 23M | 28M | 12M | 35M | 28M | 19M | 53M | 80M | 79M | 58M | 58M |
| Current Liabilities | 9.3M | 25M | 130M | 101M | 2.9M | 8.1M | 11M | 15M | 26M | 15M | 15M | 26M | 26M |
| Per Share Data | |||||||||||||
| EPS | 0.91 | -4.85 | -40.70 | 9.93 | -62.19 | -2.18 | 5.25 | -9.66 | 2.89 | 4.64 | 3.37 | 3.87 | 3.87 |
| Owner EPS | 4.15 | 0.93 | -7.04 | -5.99 | -0.69 | -0.66 | 0.35 | -0.71 | 1.95 | 4.33 | 3.75 | 2.82 | 2.82 |
| Book Value | 71.70 | 66.21 | 24.82 | 35.87 | N/A | 6.41 | 6.35 | 5.73 | 12.39 | 18.99 | 22.14 | 26.02 | 26.02 |
| Cash Flow/Share | 7.13 | 4.83 | -3.27 | -3.47 | -0.03 | -0.29 | 0.86 | -0.20 | 2.69 | 5.53 | 4.82 | 4.03 | 5.09 |
| Dividends/Share | 2.11 | 0.20 | 0.10 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.15 | 0.15 | 0.15 |
| Shares Out. | 3.6M | 3.6M | 3.7M | 3.6M | 13.0M | 14.7M | 15.2M | 15.2M | 12.6M | 12.3M | 12.4M | 12.4M | 12.4M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.4 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.4 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.6 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.1 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.3 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 235.2% |
| Market Cap | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21M |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.70 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.70 |
Performance Shipping Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 21.4%. Total shareholder yield (dividends) is 8.7%.
Performance Shipping Inc. (PSHG) has a current P/E ratio of 0.4.
Performance Shipping Inc. (PSHG) has a 5-year average return on invested capital (ROIC) of 21.4%. This indicates strong capital allocation and a potential competitive advantage.
Performance Shipping Inc. (PSHG) has a market capitalization of $21M. It is classified as a small-cap stock.
Yes, Performance Shipping Inc. (PSHG) pays a dividend with a trailing twelve-month yield of 8.66%.
Performance Shipping Inc. (PSHG) reported annual revenue of $84 million in its most recent fiscal year, based on SEC EDGAR filings.
Performance Shipping Inc. (PSHG) has a net profit margin of 57.2%. This is a strong margin indicating high profitability.
Performance Shipping Inc. (PSHG) generated $50 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Performance Shipping Inc. (PSHG) has a debt-to-equity ratio of 0.33. This indicates a conservatively financed balance sheet.
Performance Shipping Inc. (PSHG) reported earnings per share (EPS) of $3.87 in its most recent fiscal year.
Performance Shipping Inc. (PSHG) has a return on equity (ROE) of 16.1%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 16 years of financial data for Performance Shipping Inc. (PSHG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Performance Shipping Inc. (PSHG) has a book value per share of $26.02, based on its most recent annual SEC filing.
No recent press releases.