Diana Shipping Intrinsic Stock Value – DIANA SHIPPING Reports Q2 FY2023 Earnings Results on June 30, 2023
August 7, 2023
🌥️Earnings Overview
DIANA SHIPPING ($NYSE:DSX) announced their second quarter FY2023 earnings results on June 30 2023. The company achieved total revenue of USD 67.4 million, which was a 9.6% decrease from Q2 FY2022. Net income for the period was USD 10.4 million, a 70.9% drop from Q2 FY2022.
Price History
On Tuesday, June 30, 2023, DIANA SHIPPING reported its financial results for the second quarter of fiscal year 2023. This decline in share price appears to be in response to the company’s overall performance in the quarter, which fell short of analysts’ expectations. Looking ahead, DIANA SHIPPING’s management team expressed cautious optimism about the future, but noted that the company still faces some significant challenges in the months ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Diana Shipping. More…
| Total Revenues | Net Income | Net Margin |
| 289.54 | 84.72 | 29.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Diana Shipping. More…
| Operations | Investing | Financing |
| 158.86 | -273.1 | 84.88 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Diana Shipping. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.2k | 716.5 | 4.58 |
Key Ratios Snapshot
Some of the financial key ratios for Diana Shipping are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.1% | 165.4% | 44.2% |
| FCF Margin | ROE | ROA |
| -24.9% | 16.4% | 6.6% |
Analysis – Diana Shipping Intrinsic Stock Value
At GoodWhale, we conducted an analysis of DIANA SHIPPING‘s fundamentals and found that its intrinsic value is around $4.3, as calculated by our proprietary Valuation Line. This presents a great opportunity for investors to get in at a lower price and benefit from its potential growth in the future. More…
Peers
Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership of dry bulk vessels, today announced its unaudited results for the three months ended March 31, 2020. The Company recorded a net loss of $24.0 million, or $0.23 per share (basic and diluted), for the first quarter of 2020, compared to a net loss of $0.4 million, or $0.00 per share (basic and diluted), in the first quarter of 2019. Diana Shipping Inc.’s operating revenues and net income for the first quarter of 2020 were $74.1 million and $4.6 million, respectively. The Company’s operating revenues and net income for the first quarter of 2019 were $87.3 million and $5.0 million, respectively. Diana Shipping Inc. is one of the largest global shipping companies specializing in the ownership of dry bulk vessels. The Company’s vessels are employed primarily on charter contracts with major charterers, including Cargill International S.A., Glencore Agriculture B.V., Bunge S.A., and Noble Group Limited, among others. Diana Shipping Inc.’s competitors include Globus Maritime Ltd (NASDAQ: GLBS), Star Bulk Carriers Corp (NASDAQ: SBLK), and U-Ming Marine Transpost Corp (NYSE: UMS).
– Globus Maritime Ltd ($NASDAQ:GLBS)
Globus Maritime Ltd is a provider of dry bulk ocean transportation services. The Company’s operating segments include the ownership and operation of dry bulk carriers that transport iron ore, coal, grain, steel products and other dry bulk cargoes; and the provision of maritime transportation-related services. As of December 31, 2020, the Company’s fleet consisted of 18 dry bulk vessels with a combined deadweight tonnage (DWT) of approximately 1.8 million DWT.
– Star Bulk Carriers Corp ($NASDAQ:SBLK)
Star Bulk Carriers Corp. is a Marshall Islands-based company engaged in the business of seaborne transportation of dry bulk cargoes. The Company’s vessels transport a range of dry bulk commodities, including iron ore, coal, grain, bauxite, fertilizers and steel products. As of December 31, 2020, the Company’s operating fleet consisted of 133 dry bulk vessels with an aggregate capacity of approximately 16.1 million deadweight tons.
– U-Ming Marine Transpost Corp ($TWSE:2606)
Formosa Chemicals & Fibre Corp is a Taiwan-based company principally engaged in the manufacture and sales of chemicals. The Company’s main products include ethylene oxide (EO), propylene oxide (PO), epoxy resins, polyvinyl chloride (PVC) resins, polystyrene (PS) resins, synthetic fibers and other products. The Company operates its businesses in Taiwan, Mainland China, Southeast Asia, the United States, Europe and other regions.
Summary
DIANA SHIPPING reported their second quarter of FY2023 earnings results on June 30 2023. Total revenue was USD 67.4 million, a decrease of 9.6% compared to the same period in the prior year. Net income decreased by 70.9% to USD 10.4 million. The stock price dropped the same day, indicating that investors are not enthusiastic about these results.
Investors should monitor DIANA SHIPPING’s performance closely in the upcoming quarters to determine if this underperformance is a temporary blip or indicative of deeper problems. It is important to weigh the potential risks versus rewards when considering DIANA SHIPPING as a potential investment.
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