Performance Shipping Inc Dossier
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SectorIndustrials IndustryMarine Transportation Beta (adjusted)0.24 Intrinsic Value No headline value published yetWe haven't published a headline intrinsic value for this company yet. Our data-reliability standards weren't met. Method estimates are shown for reference. Market Price $1.75Price as of 1 Oct 2026 Data confidence Sign in to view data confidence Market Cap $21.8M Enterprise Value −$39.4M Shares Outstanding 12.4M diluted Moat Rating Wide Last ex-dividend29 Oct 2020 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Performance Shipping Inc. presents a compelling value opportunity within the tanker shipping sector, characterized by a robust contracted revenue backlog of nearly half a billion dollars and high charter coverage (90% for the remaining months of 2026 and 80% for 2027). This provides exceptional cash flow visibility and insulates the company from near-term spot market volatility. While headline net income fell in Q1 2026 due to a high base effect from a one-off vessel sale gain in Q1 2025, underlying operational profitability has strengthened significantly, driven by strategic fleet expansion and modernization. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$5.00 Mean target$5.75 High · most bullish analyst$6.50 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 20 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $5.0010% A rapid resolution of geopolitical conflicts or a global economic slowdown leads to a sharp contraction in seaborne oil trade demand. Spot charter rates collapse, and the company faces counterparty risks or lower-than-expected rates on uncontracted fleet days, leading to downward pressure on asset values and stock price. Base CaseCentral scenario $5.7560% Matches the consensus meanThe tanker market remains constructive with stable charter rates. Performance Shipping maintains high fleet utilization (~99%) and executes its contracted backlog of approximately $500 million. The company successfully completes the sale of its two oldest vessels for $78.3 million, boosting pro forma cash to $192 million and supporting its newbuilding program. Bull CaseUpside scenario $6.5030% Sustained geopolitical disruptions and trade flow inefficiencies continue to lengthen seaborne oil routes, driving Aframax and Suezmax charter rates significantly higher. Performance Shipping successfully locks in its upcoming available vessels at premium rates above $35,000/day, accelerating its fleet renewal program and driving substantial valuation multiple expansion. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |