PSHG
Performance Shipping Inc.
Price Chart
Latest Quote
$2.05
Current Price| Previous Close | $2.11 |
| Open | $2.07 |
| Day High | $2.10 |
| Day Low | $2.03 |
| Volume | 62,280 |
Stock Information
| Shares Outstanding | 12.43M |
| Total Debt | $225.30M |
| Cash Equivalents | $212.17M |
| Revenue | $79.69M |
| Net Income | $50.28M |
| Sector | Industrials |
| Industry | Marine Shipping |
| Market Cap | $25.49M |
| P/E Ratio | 1.54 |
| EPS (TTM) | $1.33 |
| Exchange | NCM |
đ Custom Metrics & Score
Score: 28/42| Debt to Equity | 0.17 |
| Debt to Earnings | 0.95 |
| Current Ratio | 5.29 |
| Quick Ratio | 5.12 |
| Avg Revenue Growth | 34.91% |
| Profit Margin | 50.01% |
| Return on Equity | 15.89% |
| Avg FCF Growth | -88.57% |
| FCF Yield | 48.97% |
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-02-02 | $2.05 | 62,280 |
| 2026-01-30 | $2.11 | 30,600 |
| 2026-01-29 | $2.17 | 61,200 |
| 2026-01-28 | $2.12 | 20,900 |
| 2026-01-27 | $2.10 | 33,400 |
| 2026-01-26 | $2.04 | 20,500 |
| 2026-01-23 | $2.03 | 63,600 |
| 2026-01-22 | $2.05 | 48,100 |
| 2026-01-21 | $2.06 | 60,000 |
| 2026-01-20 | $2.05 | 129,600 |
| 2026-01-16 | $2.05 | 17,900 |
| 2026-01-15 | $2.11 | 47,500 |
| 2026-01-14 | $2.15 | 74,100 |
| 2026-01-13 | $2.11 | 97,400 |
| 2026-01-12 | $2.01 | 91,800 |
| 2026-01-09 | $2.04 | 82,900 |
| 2026-01-08 | $2.12 | 36,100 |
| 2026-01-07 | $2.11 | 64,200 |
| 2026-01-06 | $2.16 | 67,700 |
| 2026-01-05 | $2.21 | 33,300 |
About Performance Shipping Inc.
Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide. As of December 31, 2024, it operated through a fleet of six Aframax tanker vessels with a combined carrying capacity of 630,519 DWT. The company was incorporated in 2010 and is based in Athens, Greece.
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Income Statement (Annual)
Revenue
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Reconciled Cost Of Revenue | $37,331,000 | $41,017,000 | $37,970,000 | $38,978,000 |
| Cost Of Revenue | $37,331,000 | $41,017,000 | $37,970,000 | $38,978,000 |
| Total Revenue | $87,445,000 | $108,938,000 | $75,173,000 | $36,491,000 |
| Operating Revenue | $87,445,000 | $108,938,000 | $75,173,000 | $36,491,000 |
Expenses
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Interest Expense | $1,179,000 | $8,499,000 | $3,468,000 | $1,596,000 |
| Total Expenses | $45,630,000 | $49,022,000 | $44,754,000 | $44,920,000 |
| Other Income Expense | $5,000 | $15,793,000 | $9,563,000 | $106,000 |
| Net Non Operating Interest Income Expense | $1,910,000 | $-6,296,000 | $-3,682,000 | $-1,783,000 |
| Total Other Finance Cost | $166,000 | $1,099,000 | $498,000 | $205,000 |
| Interest Expense Non Operating | $1,179,000 | $8,499,000 | $3,468,000 | $1,596,000 |
| Operating Expense | $8,299,000 | $8,005,000 | $6,784,000 | $5,942,000 |
| General And Administrative Expense | $8,306,000 | $8,042,000 | $6,751,000 | $5,782,000 |
| Other Operating Expenses | - | - | - | $160,000 |
Income & Earnings
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Income From Continuing Operation Net Minority Interest | $43,730,000 | $69,413,000 | $36,300,000 | $-10,106,000 |
| Net Interest Income | $1,910,000 | $-6,296,000 | $-3,682,000 | $-1,783,000 |
| Interest Income | $3,255,000 | $3,302,000 | $284,000 | $18,000 |
| Normalized Income | $43,726,100 | $57,094,460 | $28,840,860 | $-10,212,000 |
| Net Income From Continuing And Discontinued Operation | $43,730,000 | $69,413,000 | $36,300,000 | $-9,706,000 |
| Total Operating Income As Reported | $41,814,000 | $75,535,000 | $39,982,000 | $-8,460,000 |
| Net Income Common Stockholders | $41,897,000 | $56,924,000 | $12,003,000 | $-9,706,000 |
| Net Income | $43,730,000 | $69,413,000 | $36,300,000 | $-9,706,000 |
| Net Income Including Noncontrolling Interests | $43,730,000 | $69,413,000 | $36,300,000 | $-9,706,000 |
| Net Income Continuous Operations | $43,730,000 | $69,413,000 | $36,300,000 | $-10,106,000 |
| Pretax Income | $43,730,000 | $69,413,000 | $36,300,000 | $-10,106,000 |
| Special Income Charges | $0 | $15,296,000 | $9,543,000 | $137,000 |
| Interest Income Non Operating | $3,255,000 | $3,302,000 | $284,000 | $18,000 |
| Operating Income | $41,815,000 | $59,916,000 | $30,419,000 | $-8,429,000 |
| Gross Profit | $50,114,000 | $67,921,000 | $37,203,000 | $-2,487,000 |
| Net Income Discontinuous Operations | - | $0 | $0 | $400,000 |
Per Share Metrics
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Diluted EPS | $1.11 | $1.91 | $3.02 | $-28.95 |
| Basic EPS | $3.39 | $5.43 | $6.49 | $-28.95 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $1,100 | $3,474,460 | $2,103,860 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $58,240,000 | $76,912,000 | $39,486,000 | $-1,144,000 |
| Total Unusual Items | $5,000 | $15,793,000 | $9,563,000 | $106,000 |
| Total Unusual Items Excluding Goodwill | $5,000 | $15,793,000 | $9,563,000 | $106,000 |
| Reconciled Depreciation | $13,336,000 | $14,793,000 | $9,281,000 | $7,472,000 |
| EBITDA (Bullshit earnings) | $58,245,000 | $92,705,000 | $49,049,000 | $-1,038,000 |
| EBIT | $44,909,000 | $77,912,000 | $39,768,000 | $-8,510,000 |
| Diluted Average Shares | $39,201,865 | $35,539,671 | $6,447,710 | $335,086 |
| Basic Average Shares | $12,365,418 | $10,491,316 | $1,850,072 | $335,086 |
| Diluted NI Availto Com Stockholders | $41,897,000 | $56,924,000 | $12,003,000 | $-9,706,000 |
| Otherunder Preferred Stock Dividend | $0 | $791,000 | $1,122,000 | $0 |
| Preferred Stock Dividends | $1,833,000 | $11,698,000 | $23,175,000 | - |
| Gain On Sale Of Ppe | $0 | $15,683,000 | $9,543,000 | $137,000 |
| Gain On Sale Of Security | $5,000 | $497,000 | $20,000 | $-31,000 |
| Provision For Doubtful Accounts | $-7,000 | $-37,000 | $33,000 | $160,000 |
| Selling General And Administration | $8,306,000 | $8,042,000 | $6,751,000 | $5,782,000 |
| Other Gand A | $8,306,000 | $8,042,000 | $6,751,000 | $5,782,000 |
| Other Special Charges | - | $387,000 | - | - |
| Write Off | - | - | - | $160,000 |
Balance Sheet (Annual)
Assets
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Tangible Assets | $275,243,000 | $233,184,000 | $155,705,000 | $87,349,000 |
| Total Assets | $330,393,000 | $296,266,000 | $292,979,000 | $144,924,000 |
| Total Non Current Assets | $251,741,000 | $216,352,000 | $239,516,000 | $125,498,000 |
| Other Non Current Assets | $1,226,000 | $1,000,000 | $1,522,000 | $819,000 |
| Non Current Deferred Assets | $2,386,000 | $1,798,000 | $1,098,000 | $1,408,000 |
| Current Assets | $78,652,000 | $79,914,000 | $53,463,000 | $19,426,000 |
| Other Current Assets | $1,979,000 | $2,164,000 | $2,524,000 | $1,670,000 |
| Inventory | $549,000 | $2,203,000 | $3,037,000 | $4,286,000 |
| Receivables | $5,810,000 | $8,280,000 | $9,110,000 | $3,792,000 |
| Accounts Receivable | $5,810,000 | $8,280,000 | $9,110,000 | $3,792,000 |
| Allowance For Doubtful Accounts Receivable | $-131,000 | $-171,000 | $-109,000 | $-121,000 |
| Gross Accounts Receivable | $5,941,000 | $8,451,000 | $9,219,000 | $3,913,000 |
| Cash Cash Equivalents And Short Term Investments | $70,314,000 | $67,267,000 | $38,726,000 | $9,573,000 |
| Cash And Cash Equivalents | $70,314,000 | $67,267,000 | $38,726,000 | $9,573,000 |
| Non Current Prepaid Assets | - | $0 | $54,000 | $0 |
| Assets Held For Sale Current | - | $0 | $46,000 | $47,000 |
| Current Deferred Assets | - | $0 | $20,000 | $58,000 |
| Prepaid Assets | - | - | - | $1,670,000 |
Debt
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Total Debt | $47,509,000 | $54,985,000 | $127,838,000 | $49,982,000 |
| Long Term Debt And Capital Lease Obligation | $40,016,000 | $47,492,000 | $111,019,000 | $42,128,000 |
| Long Term Debt | $40,016,000 | $47,459,000 | $110,929,000 | $42,110,000 |
| Current Debt And Capital Lease Obligation | $7,493,000 | $7,493,000 | $16,819,000 | $7,854,000 |
| Current Debt | $7,443,000 | $7,427,000 | $16,746,000 | $7,788,000 |
| Other Current Borrowings | $7,443,000 | $7,427,000 | $16,746,000 | $7,788,000 |
| Net Debt | - | - | $88,949,000 | $40,325,000 |
Liabilities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Total Liabilities Net Minority Interest | $55,150,000 | $63,082,000 | $137,274,000 | $57,575,000 |
| Total Non Current Liabilities Net Minority Interest | $40,289,000 | $47,738,000 | $111,175,000 | $42,390,000 |
| Other Non Current Liabilities | $246,000 | $214,000 | $156,000 | $262,000 |
| Derivative Product Liabilities | $27,000 | $32,000 | $0 | - |
| Current Liabilities | $14,861,000 | $15,344,000 | $26,099,000 | $15,185,000 |
| Current Deferred Liabilities | $930,000 | $0 | $1,378,000 | $0 |
| Payables And Accrued Expenses | $5,649,000 | $7,851,000 | $7,804,000 | $7,211,000 |
| Payables | $2,829,000 | $4,875,000 | $4,915,000 | $5,869,000 |
| Accounts Payable | $2,214,000 | $4,630,000 | $4,580,000 | $5,742,000 |
| Other Current Liabilities | - | - | $98,000 | $120,000 |
Equity
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Common Stock Equity | $275,228,000 | $233,169,000 | $155,690,000 | $87,349,000 |
| Preferred Stock Equity | $15,000 | $15,000 | $15,000 | - |
| Total Equity Gross Minority Interest | $275,243,000 | $233,184,000 | $155,705,000 | $87,349,000 |
| Stockholders Equity | $275,243,000 | $233,184,000 | $155,705,000 | $87,349,000 |
| Gains Losses Not Affecting Retained Earnings | $53,000 | $49,000 | $66,000 | $-2,000 |
| Other Equity Adjustments | $53,000 | $49,000 | $66,000 | $-2,000 |
| Retained Earnings | $-259,218,000 | $-301,115,000 | $-358,041,000 | $-370,139,000 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Ordinary Shares Number | $12,432,158 | $12,279,676 | $4,187,588 | $338,848 |
| Share Issued | $12,432,158 | $12,279,676 | $4,187,588 | $338,848 |
| Tangible Book Value | $275,228,000 | $233,169,000 | $155,690,000 | $87,349,000 |
| Invested Capital | $322,687,000 | $288,055,000 | $283,365,000 | $137,247,000 |
| Working Capital | $63,791,000 | $64,570,000 | $27,364,000 | $4,241,000 |
| Capital Lease Obligations | $50,000 | $99,000 | $163,000 | $84,000 |
| Total Capitalization | $315,259,000 | $280,643,000 | $266,634,000 | $129,459,000 |
| Additional Paid In Capital | $534,269,000 | $534,112,000 | $513,623,000 | $457,487,000 |
| Capital Stock | $139,000 | $138,000 | $57,000 | $3,000 |
| Common Stock | $124,000 | $123,000 | $42,000 | $3,000 |
| Preferred Stock | $15,000 | $15,000 | $15,000 | $0 |
| Long Term Capital Lease Obligation | $0 | $33,000 | $90,000 | $18,000 |
| Current Deferred Revenue | $930,000 | $0 | $1,378,000 | $0 |
| Current Capital Lease Obligation | $50,000 | $66,000 | $73,000 | $66,000 |
| Current Provisions | $789,000 | - | - | - |
| Current Accrued Expenses | $2,820,000 | $2,976,000 | $2,889,000 | $1,342,000 |
| Dueto Related Parties Current | $615,000 | $245,000 | $335,000 | $127,000 |
| Net PPE | $248,129,000 | $213,554,000 | $236,842,000 | $123,271,000 |
| Accumulated Depreciation | $-38,812,000 | $-26,050,000 | $-17,689,000 | $-14,515,000 |
| Gross PPE | $286,941,000 | $239,604,000 | $254,531,000 | $137,786,000 |
| Construction In Progress | $58,468,000 | $11,303,000 | $0 | - |
| Other Properties | $84,000 | $143,000 | $235,000 | $1,004,000 |
Cash Flow Statement (Annual)
Free Cash Flow
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $12,481,000 | $56,040,000 | $-111,729,000 | $-4,908,000 |
Operating Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | $59,896,000 | $67,955,000 | $33,847,000 | $-3,123,000 |
| Cash Flow From Continuing Operating Activities | $59,896,000 | $67,955,000 | $33,847,000 | $-3,123,000 |
| Operating Gains Losses | $-6,000 | $-15,857,000 | $-9,543,000 | $-137,000 |
Investing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Capital Expenditure | $-47,415,000 | $-11,915,000 | $-145,576,000 | $-1,785,000 |
| Investing Cash Flow | $-47,415,000 | $25,721,000 | $-112,950,000 | $-770,000 |
| Cash Flow From Continuing Investing Activities | $-47,415,000 | $25,721,000 | $-112,950,000 | $-770,000 |
Financing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Repurchase Of Capital Stock | $0 | $-2,749,000 | $0 | $0 |
| Issuance Of Capital Stock | $0 | $12,593,000 | $27,892,000 | $0 |
| Financing Cash Flow | $-9,434,000 | $-65,135,000 | $109,255,000 | $-7,911,000 |
| Cash Flow From Continuing Financing Activities | $-9,434,000 | $-65,135,000 | $109,255,000 | $-7,911,000 |
| Net Other Financing Charges | $-226,000 | $-140,000 | $-932,000 | - |
| Cash Dividends Paid | $-1,833,000 | $-1,889,000 | $-941,000 | $0 |
| Common Stock Dividend Paid | $-1,833,000 | $-1,889,000 | $-941,000 | $0 |
| Net Preferred Stock Issuance | $0 | $482,000 | $0 | $0 |
| Preferred Stock Issuance | $0 | $482,000 | $0 | $0 |
| Net Common Stock Issuance | $0 | $9,362,000 | $27,892,000 | $0 |
| Common Stock Issuance | $0 | $12,111,000 | $27,892,000 | $0 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Repayment Of Debt | $-7,533,000 | $-75,421,000 | $-30,397,000 | $-7,911,000 |
| Issuance Of Debt | $0 | $2,141,000 | $113,633,000 | $0 |
| Interest Paid Supplemental Data | $3,528,000 | $9,135,000 | $3,123,000 | $1,608,000 |
| End Cash Position | $71,314,000 | $68,267,000 | $39,726,000 | $9,574,000 |
| Beginning Cash Position | $68,267,000 | $39,726,000 | $9,574,000 | $21,378,000 |
| Changes In Cash | $3,047,000 | $28,541,000 | $30,152,000 | $-11,804,000 |
| Proceeds From Stock Option Exercised | $158,000 | $330,000 | $0 | $0 |
| Common Stock Payments | $0 | $-2,749,000 | $0 | $0 |
| Net Issuance Payments Of Debt | $-7,533,000 | $-73,280,000 | $83,236,000 | $-7,911,000 |
| Net Long Term Debt Issuance | $-7,533,000 | $-73,280,000 | $83,236,000 | $-7,911,000 |
| Long Term Debt Payments | $-7,533,000 | $-75,421,000 | $-30,397,000 | $-7,911,000 |
| Long Term Debt Issuance | $0 | $2,141,000 | $113,633,000 | $0 |
| Net PPE Purchase And Sale | $-47,415,000 | $25,721,000 | $-112,950,000 | $-770,000 |
| Sale Of PPE | $0 | $37,636,000 | $32,626,000 | $1,015,000 |
| Purchase Of PPE | $-47,415,000 | $-11,915,000 | $-145,576,000 | $-1,785,000 |
| Change In Working Capital | $3,494,000 | $855,000 | $-1,917,000 | $323,000 |
| Change In Other Working Capital | $930,000 | $-1,358,000 | $1,416,000 | $17,000 |
| Change In Other Current Liabilities | $-17,000 | $-6,000 | $-27,000 | $-89,000 |
| Change In Other Current Assets | $-177,000 | $136,000 | $110,000 | $-161,000 |
| Change In Payables And Accrued Expense | $-2,541,000 | $13,000 | $1,507,000 | $3,376,000 |
| Change In Accrued Expense | $-244,000 | $87,000 | $1,592,000 | $84,000 |
| Change In Payable | $-2,297,000 | $-74,000 | $-85,000 | $3,292,000 |
| Change In Account Payable | $-2,667,000 | $16,000 | $-293,000 | $3,233,000 |
| Change In Prepaid Assets | $413,000 | $406,000 | $-854,000 | $-319,000 |
| Change In Inventory | $1,654,000 | $834,000 | $1,249,000 | $-2,305,000 |
| Change In Receivables | $3,232,000 | $830,000 | $-5,318,000 | $-196,000 |
| Changes In Account Receivables | $3,232,000 | $830,000 | $-5,318,000 | $-196,000 |
| Other Non Cash Items | $-658,000 | $-1,301,000 | $-381,000 | $-1,343,000 |
| Stock Based Compensation | $0 | $52,000 | $107,000 | $268,000 |
| Depreciation Amortization Depletion | $13,336,000 | $14,793,000 | $9,281,000 | $7,472,000 |
| Depreciation And Amortization | $13,336,000 | $14,793,000 | $9,281,000 | $7,472,000 |
| Depreciation | $13,336,000 | $14,793,000 | $9,281,000 | $7,472,000 |
| Gain Loss On Investment Securities | $-6,000 | $-561,000 | - | - |
| Gain Loss On Sale Of PPE | $0 | $-15,683,000 | $-9,543,000 | $-137,000 |
| Net Income From Continuing Operations | $43,730,000 | $69,413,000 | $36,300,000 | $-9,706,000 |
| Preferred Stock Payments | - | - | $0 | $0 |
| Asset Impairment Charge | - | - | $0 | $0 |