Performance Shipping Analysis
Performance Shipping has over 32.28 Million in debt which may indicate that it relies heavily on debt financing. With a high degree of financial leverage come high-interest payments, which usually reduce Performance Shipping's Earnings Per Share (EPS).
Asset vs Debt
Equity vs Debt
Performance Shipping's liquidity is one of the most fundamental aspects of both its future profitability and its ability to meet different types of ongoing financial obligations. Performance Shipping's cash, liquid assets, total liabilities, and shareholder equity can be utilized to evaluate how much leverage the Company is using to sustain its current operations. For traders, higher-leverage indicators usually imply a higher risk to shareholders. In addition, it helps Performance Stock's retail investors understand whether an upcoming fall or rise in the market will negatively affect Performance Shipping's stakeholders.
For many companies, including Performance Shipping, marketable securities, inventories, and receivables are the most common assets that could be converted to cash. However, for Performance Shipping, the most critical issue when managing liquidity is ensuring that current assets are properly aligned with current liabilities. If they are not, Performance Shipping's management will need to obtain alternative financing to ensure there are always enough cash equivalents on the balance sheet to meet obligations.
Given that Performance Shipping's debt-to-equity ratio measures a Company's obligations relative to the value of its net assets, it is usually used by traders to estimate the extent to which Performance Shipping is acquiring new debt as a mechanism of leveraging its assets. A high debt-to-equity ratio is generally associated with increased risk, implying that it has been aggressive in financing its growth with debt. Another way to look at debt-to-equity ratios is to compare the overall debt load of Performance Shipping to its assets or equity, showing how much of the company assets belong to shareholders vs. creditors. If shareholders own more assets, Performance Shipping is said to be less leveraged. If creditors hold a majority of Performance Shipping's assets, the Company is said to be highly leveraged.
Performance Shipping is undervalued with Real Value of 0.0 and Hype Value of 0.0. The main objective of Performance Shipping delisted stock analysis is to determine its intrinsic value, which is an estimate of what Performance Shipping is worth, separate from its market price. There are two main types of Performance Shipping's stock analysis: fundamental analysis and technical analysis.
The Performance Shipping stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Performance Shipping is usually not traded on Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day ( substitute day ), Independence Day. Performance Stock trading window is adjusted to America/New York timezone.
Performance |
Performance Stock Analysis Notes
About 59.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.41. Some equities with similar Price to Book (P/B) outperform the market in the long run. Performance Shipping recorded a loss per share of 1.12. The entity last dividend was issued on the 26th of May 2016. The firm had 1:8 split on the 2nd of November 2017. Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of containerships worldwide. The company was founded in 2010 and is based in Athens, Greece. Performance Shipping operates under Marine Shipping classification in USA and is traded on BATS Exchange. To learn more about Performance Shipping call the company at 30 216 60 02 400 or check out http://www.pshipping.com.Performance Shipping Investment Alerts
| Performance Shipping is not yet fully synchronised with the market data | |
| Performance Shipping has some characteristics of a very speculative penny stock | |
| Performance Shipping has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 26.85 M. Net Loss for the year was (32.06 M) with profit before overhead, payroll, taxes, and interest of 12.08 M. | |
| Performance Shipping currently holds about 26.36 M in cash with (330 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.54. | |
| Roughly 59.0% of the company shares are held by company insiders |
Performance Shipping Thematic Classifications
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 | Aggressive DefenceSmall capitalization, high growth potential companies |
Performance Market Capitalization
The company currently falls under 'Micro-Cap' category with a current market capitalization of 29.46 M.Performance Profitablity
The company has Profit Margin (PM) of (1.91) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of 0.32 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.32.Performance Shipping Outstanding Bonds
Performance Shipping issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Performance Shipping uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Performance bonds can be classified according to their maturity, which is the date when Performance Shipping has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| Valero Energy Partners Corp BondUS91914JAA07 | View |
Performance Shipping Debt to Cash Allocation
As Performance Shipping follows its natural business cycle, the capital allocation decisions will not magically go away. Performance Shipping's decision-makers have to determine if most of the cash flows will be poured back into or reinvested in the business, reserved for other projects beyond operational needs, or paid back to stakeholders and investors.
Performance Shipping currently holds 32.28 M in liabilities with Debt to Equity (D/E) ratio of 34.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Performance Shipping has a current ratio of 4.11, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Performance Shipping's use of debt, we should always consider it together with its cash and equity.Performance Shipping Assets Financed by Debt
Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the Performance Shipping's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of Performance Shipping, which in turn will lower the firm's financial flexibility.Performance Shipping Corporate Bonds Issued
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Other Consideration for investing in Performance Stock
If you are still planning to invest in Performance Shipping check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Performance Shipping's history and understand the potential risks before investing.
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