Performance Shipping Inc. - Understand $pshg stock

$PSHG Market Cap: $23.62 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$89.61M

TTM

Gross Margin

72.98%

TTM

Net Earnings

$57.15M

TTM

Current Assets

$120.5M

Q3 2024

Current Liabilities

Current Ratio

Total Assets

$320.8M

Q3 2024

Total Liabilities

$54.84M

Q3 2024

Book Value

$266.0M

Q3 2024

Cash

$69.52M

Q3 2024

P/E

0.4133

Nov 29, 2024 EST

Free Cash Flow

$25.81M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$108.9M	$75.17M	$36.49M	$42.05M	$6.300M	$0.00	$23.81M	$33.19M	$62.18M	$54.07M	$54.02M	$56.63M	$26.99M	$5.740M
YoY Change	44.92%	106.0%	-13.22%	567.46%		-100.0%	-28.26%	-46.62%	15.0%	0.09%	-4.61%	109.82%	370.21%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$108.9M	$75.17M	$36.49M	$42.05M	$6.300M	$0.00	$23.81M	$33.19M	$62.18M	$54.07M	$54.02M	$56.63M	$26.99M	$5.740M
Cost Of Revenue	$26.22M	$28.69M	$31.51M	$23.64M	$3.580M	$0.00	$24.43M	$33.38M	$20.84M	$12.48M	$14.63M	$15.91M	$6.580M	$1.900M
Gross Profit	$82.71M	$46.48M	$4.985M	$18.40M	$2.720M	$0.00	-$630.0K	-$190.0K	$41.34M	$41.59M	$39.38M	$40.72M	$20.41M	$3.830M
Gross Profit Margin	75.93%	61.84%	13.66%	43.76%	43.17%		-2.65%	-0.57%	66.48%	76.92%	72.9%	71.91%	75.62%	66.72%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$8.005M	$6.784M	$5.942M	$8.300M	$8.300M	$8.030M	$8.370M	$7.240M	$23.82M	$20.72M	$22.31M	$19.48M	$9.380M	$4.980M
YoY Change	18.0%	14.17%	-28.41%	0.0%	3.36%	-4.06%	15.61%	-69.61%	14.96%	-7.13%	14.53%	107.68%	88.35%
% of Gross Profit	9.68%	14.59%	119.2%	45.11%	305.15%				57.62%	49.82%	56.65%	47.84%	45.96%	130.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$14.79M	$9.281M	$7.472M	$5.900M	$3.680M	$4.950M	$8.150M	$12.74M	$13.14M	$10.31M	$11.07M	$12.48M	$5.940M	$1.450M
YoY Change	59.39%	24.21%	26.64%	60.33%	-25.66%	-39.26%	-36.03%	-3.04%	27.45%	-6.87%	-11.3%	110.1%	309.66%
% of Gross Profit	17.88%	19.97%	149.89%	32.07%	135.29%				31.79%	24.79%	28.11%	30.65%	29.1%	37.86%
Operating Expenses	$22.80M	$16.07M	$13.41M	$14.09M	$9.090M	$8.070M	$16.52M	$19.98M	$36.96M	$31.02M	$33.38M	$31.96M	$15.31M	$6.430M
YoY Change	41.91%	19.76%	-4.8%	55.01%	12.64%	-51.15%	-17.32%	-45.94%	19.15%	-7.07%	4.44%	108.75%	138.1%
Operating Profit	$59.92M	$30.42M	-$8.429M	$4.310M	-$6.370M	-$8.070M	-$17.15M	-$20.17M	$4.380M	$10.57M	$6.000M	$8.760M	$5.100M	-$2.600M
YoY Change	96.97%	-460.89%	-295.57%	-167.66%	-21.07%	-52.94%	-14.97%	-560.5%	-58.56%	76.17%	-31.51%	71.76%	-296.15%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	-$6.360M	-$3.662M	-$1.752M	-$1.970M	-$290.0K	$120.0K	-$13.72M	-$7.010M	-$6.590M	-$6.610M	-$4.420M	-$2.580M	-$1.100M	$720.0K
YoY Change	73.68%	109.02%	-11.07%	579.31%	-341.67%	-100.87%	95.72%	6.37%	-0.3%	49.55%	71.32%	134.55%	-252.78%
% of Operating Profit	-10.61%	-12.04%		-45.71%					-150.46%	-62.54%	-73.67%	-29.45%	-21.57%
Other Income/Expense, Net	$561.0K	-$96.00K	-$62.00K	-$50.00K	-$80.00K		$42.10M	-$70.00K	-$410.0K	-$20.00K	-$130.0K	-$220.0K	-$370.0K	-$130.0K
YoY Change	-684.38%	54.84%	24.0%	-37.5%			-60242.86%	-82.93%	1950.0%	-84.62%	-40.91%	-40.54%	184.62%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	$69.41M	$36.30M	-$10.11M	$2.300M	-$6.740M	-$7.940M	$3.820M	-$149.0M	-$17.53M	$3.240M	-$57.35M	$5.970M	$3.630M	-$2.000M
YoY Change	91.22%	-459.19%	-539.39%	-134.12%	-15.11%	-307.85%	-102.56%	750.03%	-641.05%	-105.65%	-1060.64%	64.46%	-281.5%
Income Tax												$0.00	$0.00	$0.00
% Of Pretax Income												0.0%	0.0%
Net Earnings	$56.92M	$12.00M	-$9.706M	$3.780M	-$32.06M	-$52.90M	$3.820M	-$149.0M	-$17.53M	$3.240M	-$57.35M	$5.970M	$3.630M	-$2.000M
YoY Change	374.25%	-223.67%	-356.77%	-111.79%	-39.4%	-1484.82%	-102.56%	750.03%	-641.05%	-105.65%	-1060.64%	64.46%	-281.5%
Net Earnings / Revenue	52.25%	15.97%	-26.6%	8.99%	-508.89%		16.04%	-448.96%	-28.19%	5.99%	-106.16%	10.54%	13.45%	-34.84%
Basic Earnings Per Share	$5.43	$6.49	-$28.97	$15.97
Diluted Earnings Per Share	$1.60	$1.86	-$1.931M	$763.6K	-$11.21M	-$55.68M	$95.50M	-$1005B	-$118.8B	$30.49B	-$854.2B	$107.6B	$114.3B	-$222.1B

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$68.27M	$39.73M	$9.573M	$21.40M	$26.40M	$10.50M	$6.400M	$8.300M	$29.40M	$82.00M	$19.70M	$31.50M	$41.40M	$11.10M
YoY Change	71.84%	314.98%	-55.27%	-18.94%	151.43%	64.06%	-22.89%	-71.77%	-64.15%	316.24%	-37.46%	-23.91%	272.97%
Cash & Equivalents	$68.27M	$39.73M	$9.573M	$21.40M	$26.40M	$10.50M	$6.400M	$8.300M	$29.40M	$82.00M	$19.70M	$31.50M	$41.40M	$11.10M
Short-Term Investments
Other Short-Term Assets	$213.4M	$2.590M	$1.775M	$1.600M	$1.500M	$700.0K	$19.50M	$11.50M	$1.100M	$1.400M	$800.0K	$2.000M	$200.0K	$200.0K
YoY Change	8139.81%	45.92%	10.94%	6.67%	114.29%	-96.41%	69.57%	945.45%	-21.43%	75.0%	-60.0%	900.0%	0.0%
Inventory	$2.203M	$3.037M	$4.286M	$2.000M	$2.800M	$600.0K	$1.700M	$2.600M	$3.700M	$2.300M	$2.000M	$3.200M	$1.800M	$600.0K
Prepaid Expenses
Receivables	$8.280M	$9.110M	$3.792M	$3.500M	$4.700M	$100.0K	$400.0K	$500.0K	$800.0K	$700.0K	$500.0K	$200.0K	$200.0K	$400.0K
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$281.7M	$39.73M	$19.43M	$28.40M	$35.40M	$12.00M	$28.00M	$22.90M	$34.90M	$86.40M	$23.00M	$36.90M	$43.60M	$12.40M
YoY Change	609.05%	104.5%	-31.6%	-19.77%	195.0%	-57.14%	22.27%	-34.38%	-59.61%	275.65%	-37.67%	-15.37%	251.61%
Property, Plant & Equipment	$44.00K	$236.7M	$123.3M	$129.4M	$95.10M	$86.90M	$202.2M	$241.3M	$385.5M	$307.2M	$265.7M	$260.9M	$158.8M	$92.10M
YoY Change	-99.98%	92.0%	-4.74%	36.07%	9.44%	-57.02%	-16.2%	-37.41%	25.49%	15.62%	1.84%	64.29%	72.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$14.54M	$16.57M	$2.227M	$0.00	$100.0K	$1.200M	$2.100M	$2.400M	$11.50M	$9.300M	$9.900M	$9.300M	$7.600M	$900.0K
YoY Change	-12.25%	644.23%		-100.0%	-91.67%	-42.86%	-12.5%	-79.13%	23.66%	-6.06%	6.45%	22.37%	744.44%
Total Long-Term Assets	$14.59M	$253.3M	$125.5M	$129.5M	$95.20M	$88.10M	$204.3M	$243.6M	$400.8M	$322.9M	$293.7M	$300.1M	$166.4M	$92.90M
YoY Change	-94.24%	101.8%	-3.09%	36.03%	8.06%	-56.88%	-16.13%	-39.22%	24.13%	9.94%	-2.13%	80.35%	79.12%
Total Assets	$296.3M	$293.0M	$144.9M	$157.9M	$130.6M	$100.1M	$232.3M	$266.5M	$435.7M	$409.3M	$316.7M	$337.0M	$210.0M	$105.3M
YoY Change
Accounts Payable	$4.875M	$4.915M	$5.869M	$1.500M	$2.000M	$1.200M	$1.800M	$1.600M	$2.800M	$1.900M	$1.900M	$3.300M	$2.200M	$400.0K
YoY Change	-0.81%	-16.25%	291.27%	-25.0%	66.67%	-33.33%	12.5%	-42.86%	47.37%	0.0%	-42.42%	50.0%	450.0%
Accrued Expenses	$3.042M	$2.962M	$1.408M	$1.200M	$1.800M	$1.400M	$2.000M	$1.100M	$1.300M	$1.100M	$900.0K	$1.500M	$800.0K	$600.0K
YoY Change	2.7%	110.37%	17.33%	-33.33%	28.57%	-30.0%	81.82%	-15.38%	18.18%	22.22%	-40.0%	87.5%	33.33%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$7.427M	$16.75M	$7.788M	$7.800M	$4.300M	$0.00	$97.00M	$127.1M	$14.90M	$5.800M				$1.400M
YoY Change	-55.65%	115.02%	-0.15%	81.4%		-100.0%	-23.68%	753.02%	156.9%
Total Short-Term Liabilities	$15.34M	$26.10M	$15.19M	$10.80M	$8.100M	$2.900M	$101.2M	$129.9M	$24.70M	$9.300M	$3.800M	$6.100M	$3.100M	$2.400M
YoY Change	-41.21%	71.87%	40.6%	33.33%	179.31%	-97.13%	-22.09%	425.91%	165.59%	144.74%	-37.7%	96.77%	29.17%
Long-Term Debt	$54.89M	$127.7M	$42.11M	$49.90M	$28.00M	$0.00	$0.00	$45.60M	$171.7M	$143.6M	$148.9M	$91.90M	$0.00	$18.10M
YoY Change	-57.01%	203.19%	-15.61%	78.21%			-100.0%	-73.44%	19.57%	-3.56%	62.02%		-100.0%
Other Long-Term Liabilities	$8.196M	$9.599M	$280.0K	$300.0K	$300.0K	$1.600M	$300.0K	$200.0K	$100.0K	$200.0K	$100.0K	$300.0K	$400.0K	$200.0K
YoY Change	-14.62%	3328.21%	-6.67%	0.0%	-81.25%	433.33%	50.0%	100.0%	-50.0%	100.0%	-66.67%	-25.0%	100.0%
Total Long-Term Liabilities	$63.08M	$137.3M	$42.39M	$50.20M	$28.30M	$1.600M	$300.0K	$45.80M	$171.8M	$143.8M	$149.0M	$92.20M	$400.0K	$18.30M
YoY Change	-54.05%	223.84%	-15.56%	77.39%	1668.75%	433.33%	-99.34%	-73.34%	19.47%	-3.49%	61.61%	22950.0%	-97.81%
Total Liabilities	$63.08M	$137.3M	$57.58M	$61.10M	$36.30M	$4.500M	$101.5M	$175.7M	$196.5M	$152.8M	$152.2M	$98.30M	$3.500M	$20.70M
YoY Change	-54.05%	138.43%	-5.77%	68.32%	706.67%	-95.57%	-42.23%	-10.59%	28.6%	0.39%	54.83%	2708.57%	-83.09%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	10.49M	1.850M	335.1K	325.0K
Diluted Shares Outstanding	35.54M	6.448M	335.1K	329.7K
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $23.621 Million

About Performance Shipping Inc.

Performance Shipping, Inc. engages in the provision of shipping transportation services through its ownership of containerships. The company is headquartered in Athina, Attiki and currently employs 209 full-time employees. The company went IPO on 2011-01-01. The company owns containerships and focuses on providing sourcing opportunities for vessel purchases and sales, newbuilding acquisitions, chartering and financing arrangements. The Company’s vessels are employed primarily on charters with liner companies carrying containerized cargo along worldwide shipping routes. The firm owns and operates vessels such as Panamax container vessel and Aframax tanker vessel. The Company’s fleet is managed by Unitized Ocean Transport Limited, a wholly owned subsidiary. The firm's customers include national, regional and international companies.

Industry: Deep Sea Foreign Transportation of Freight Peers: EuroDry Ltd. GLOBUS MARITIME LTD OceanPal Inc. Star Bulk Carriers Corp. United Maritime Corp