Performance Shipping Inc. PSHG
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Market cap
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52-week range
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS1.28
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $84.2M | $87.4M | $108.9M | $75.2M | $36.5M | $42.0M | $6.3M | $0 | $23.8M | $37.0M |
| SG&A | $9.7M | $8.3M | $8.0M | $6.8M | $5.8M | $8.0M | $8.2M | $8.0M | $8.4M | $7.2M |
| Operating income | $51.9M | $41.8M | $75.5M | $40.0M | -$8.5M | $4.3M | -$6.3M | -$8.0M | -$24.6M | -$142.0M |
| Interest expense | $6.8M | $1.3M | $9.6M | $4.0M | $1.8M | $2.1M | $651.0K | $0 | $13.8M | — |
| Net income | $50.0M | $43.7M | $69.4M | $36.3M | -$9.7M | $3.8M | -$32.1M | -$52.9M | $3.8M | -$149.0M |
| EPS, basic | 3.87 | 3.39 | 5.43 | 6.49 | -28.97 | 15.97 | -11.19 | -55.97 | 8.94 | -100,821.38 |
| EPS, diluted | 1.28 | 1.11 | 1.91 | 3.02 | -28.97 | 15.74 | -11.19 | -55.97 | 8.94 | -100,821.38 |
| Shares, diluted (wtd. avg.) | 38.9M | 39.2M | 35.5M | 6.4M | 335,086 | 329,704 | 2.9M | 945,056 | 427,361 | 1,478 |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $48.2M | $70.3M | $67.3M | $38.7M | $9.6M | $21.4M | $26.3M | $10.5M | $6.4M | $17.3M |
| Receivables | $6.3M | $5.8M | $8.3M | $9.1M | $3.8M | $3.5M | $4.0M | $110.0K | $428.0K | $471.0K |
| Inventory | $949.0K | $549.0K | $2.2M | $3.0M | $4.3M | $2.0M | $2.2M | $634.0K | $1.7M | $2.6M |
| Total current assets | $58.0M | $78.7M | $79.9M | $53.5M | $19.4M | $28.4M | $35.4M | $12.0M | $28.0M | $22.9M |
| Property, plant and equipment | $498.5M | $248.1M | $213.5M | $236.7M | $123.2M | $129.2M | $59.4M | $0 | $201.3M | $240.4M |
| Other intangibles | — | — | — | — | — | — | — | — | — | $0 |
| Total assets | $559.9M | $330.4M | $296.3M | $293.0M | $144.9M | $157.9M | $130.6M | $100.1M | $232.3M | $266.5M |
| Accounts payable | $3.4M | $2.2M | $4.6M | $4.6M | $5.7M | $1.5M | $1.3M | $1.2M | $1.7M | $1.5M |
| Short-term debt | — | — | — | — | — | $7.8M | $4.3M | $0 | $12.1M | $127.1M |
| Total current liabilities | $26.2M | $14.9M | $15.3M | $26.1M | $15.2M | $10.8M | $8.1M | $2.9M | $101.2M | $129.9M |
| Long-term debt | — | $47.5M | $54.9M | $127.7M | $49.9M | $57.7M | $28.0M | $0 | — | $0 |
| Retained earnings | -$211.1M | -$259.2M | -$301.1M | -$358.0M | -$370.1M | -$360.4M | -$365.2M | -$333.2M | -$280.3M | -$284.1M |
| Total equity | $323.4M | $275.2M | $233.2M | $155.7M | $87.3M | $96.8M | $94.2M | $95.6M | $130.8M | $90.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $50.1M | $59.9M | $68.0M | $33.8M | -$3.1M | $13.2M | -$4.2M | -$330.0K | -$12.7M | -$12.0M |
| Depreciation and amortisation | $15.1M | $13.3M | $14.8M | $9.3M | $7.5M | $5.9M | $3.7M | $4.9M | $8.1M | $12.7M |
| Stock-based compensation | $0 | $0 | $52.0K | $107.0K | $268.0K | $1.9M | $1.8M | — | — | — |
| Capital expenditure | $0 | $231.0K | $510.0K | $2.1M | $1.8M | $0 | $0 | $0 | $0 | $194.0K |
| Investing cash flow | -$244.6M | -$47.4M | $25.7M | -$113.0M | -$770.0K | -$40.1M | -$18.5M | $93.2M | $6.7M | $10.6M |
| Financing cash flow | $172.5M | -$9.4M | -$65.1M | $109.3M | -$7.9M | $22.0M | $38.6M | -$88.8M | -$4.9M | -$19.7M |
| Dividends paid | — | — | $0 | $0 | $0 | $502.0K | $0 | — | — | — |
| Buybacks | $0 | $0 | $2.7M | $0 | $0 | $656.0K | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-017155.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.0M | $23.8M | $0 | $6.3M | $42.0M | $36.5M | $75.2M | $108.9M | $87.4M | $84.2M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$149.0M | $3.8M | -$52.9M | -$32.1M | $3.8M | -$9.7M | $36.3M | $69.4M | $43.7M | $50.0M |
Others in SIC 4412
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| LPG | DORIAN LPG LTD. | $2.31B | 11.9x | 36.3% |
| GNK | GENCO SHIPPING & TRADING LTD | $1.12B | — | -19.1% |
| PANL | Pangaea Logistics Solutions Ltd. | $519.9M | 26.5x | 17.8% |
| SMHI | SEACOR Marine Holdings Inc. | $234.2M | — | -16.0% |
| TOPS | TOP SHIPS INC. | — | — | — |
| GASS | StealthGas Inc. | — | — | 3.5% |
| TEN | TSAKOS ENERGY NAVIGATION LTD | — | — | -0.7% |
| SFL | SFL Corp Ltd. | — | — | -18.9% |