Diana Shipping inc. common stock logged a -0.3% change during today's morning session, and is now trading at a price of $3.77 per share.
Diana Shipping Inc. provides shipping transportation services. Based in Athens, Greece, the small-cap Consumer Discretionary company has 1,020 full time employees. Diana Shipping inc. common stock has offered a 19.8% dividend yield over the last 12 months.
Growing Revenues With Increasing Reinvestment in the Business:
| 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue (k) | $220,728 | $169,733 | $214,203 | $289,972 |
| Gross Margins | 30.7% | 16.1% | 43.6% | 57.8% |
| Operating Margins | 17.1% | -4.2% | 29.0% | 47.6% |
| Net Margins | -4.77% | -79.06% | 26.79% | 41.06% |
| Net Income (k) | -$10,535 | -$134,197 | $57,394 | $119,063 |
| Net Interest Expense (k) | -$26,574 | -$20,786 | -$20,063 | -$24,682 |
| Depreciation & Amort. (k) | -$48,904 | -$42,991 | -$40,492 | -$43,326 |
| Earnings Per Share | -$0.17 | -$1.62 | $0.61 | $1.27 |
| EPS Growth | n/a | -852.94% | 137.65% | 108.2% |
| Diluted Shares (k) | 95,191 | 86,144 | 84,857 | 106,437 |
| Free Cash Flow (k) | $49,882 | $11,095 | $70,712 | -$72,110 |
| Capital Expenditures | -$2,929 | -$6,139 | -$18,993 | -$230,969 |
| Net Current Assets (k) | -$364,177 | -$319,179 | -$306,401 | -$534,027 |
| Current Ratio | 2.09 | 2.02 | 2.19 | 1.23 |
| Long Term Debt (k) | $474,951 | $420,314 | $423,675 | $663,442 |
| Net Debt / EBITDA | 4.32 | -7.7 | 2.45 | 2.85 |
Diana Shipping inc. common stock has average net margins with a positive growth rate, irregular cash flows, and just enough current assets to cover current liabilities. In addition, we note significant leverage. We also note that the company benefits from growing revenues and increasing reinvestment in the business and exceptional EPS growth. However, the firm has slimmer gross margins than its peers.
An Exceptionally Low P/B ratio but Trades Above Its Graham Number:
Diana Shipping inc. common stock has a trailing twelve month P/E ratio of 3.0, compared to an average of 22.33 for the Consumer Discretionary sector. Based on its EPS guidance of $0.3, the company has a forward P/E ratio of 12.5. According to the 22.6% compound average growth rate of Diana Shipping inc. common stock's historical and projected earnings per share, the company's PEG ratio is 0.13. Taking the weighted average of the company's EPS CAGR and the broader market's 5-year projected EPS growth rate, we obtain a normalized growth rate of 10.4%. On this basis, the company's PEG ratio is 0.28. This suggests that its shares are undervalued. Additionally, the market is possibly undervaluing Diana Shipping inc. common stock in terms of its equity because its P/B ratio is 0.76 whereas the sector average is 3.12. The company's shares are currently trading 151.6% above their Graham number.
Diana Shipping inc. common stock Has an Analyst Consensus of Some Upside Potential:
The 4 analysts following Diana Shipping inc. common stock have set target prices ranging from $4.0 to $5.0 per share, for an average of $4.65 with a buy rating. As of April 2023, the company is trading -19.1% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Diana Shipping inc. common stock has an average amount of shares sold short because 2.7% of the company's shares are sold short. Institutions own 11.8% of the company's shares, and the insider ownership rate stands at 23.88%, suggesting a large amount of insider shareholders. The largest shareholder is Hosking Partners LLP, whose 4% stake in the company is worth $14,647,985.
