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Performance Shipping
(NASDAQ:PSHG)
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Rating:66Neutral
Price Target:
$2.00
▲(18.34% Upside)
Action:Reiterated
Date:09/18/26
The score is held back most by weak financial quality—deeply negative free cash flow and higher leverage despite strong operating profitability. Offsetting this, technicals are supportive with the stock above key moving averages, and valuation appears attractive due to the very low P/E.
Positive Factors
Strong Recent Profitability
Sustained profitability and strong TTM margins show that the tanker fleet can convert revenue into meaningful earnings. Although results are cyclical, this operating performance supports internal reinvestment, debt service, and resilience across the next several quarters.
Negative Factors
Deeply Negative Free Cash Flow
Large investment outflows currently exceed the cash generated by operations, increasing dependence on financing or asset monetization. While spending may support fleet growth, persistent negative free cash flow reduces financial flexibility and raises execution risk if markets weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Recent Profitability
Sustained profitability and strong TTM margins show that the tanker fleet can convert revenue into meaningful earnings. Although results are cyclical, this operating performance supports internal reinvestment, debt service, and resilience across the next several quarters.
Read all positive factors
Performance Shipping (PSHG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.20M
Dividend Yield0.2%
Average Volume (3M)68.48K
Price to Earnings (P/E)0.6
Beta (1Y)-0.04
Revenue Growth34.61%
EPS Growth-41.81%
CountryUS
Employees292
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)2.57
Shares Outstanding12,432,158
10 Day Avg. Volume64,878
30 Day Avg. Volume68,481
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.08
Price to Sales (P/S)0.31
P/FCF Ratio-0.11
Enterprise Value/Market Cap13.36
Enterprise Value/Revenue2.39
Enterprise Value/Gross Profit3.97
Enterprise Value/Ebitda3.90
Forecast
1Y Price Target
$4.00Price Target Upside136.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.26
Revenue Forecast (FY)$120.39M
Performance Shipping Business Overview & Revenue Model
Company Description
Performance Shipping Inc. delivers global maritime transportation solutions through its subsidiaries, primarily by owning and operating a fleet of tanker vessels. The company currently possesses five Aframax tanker vessels, which collectively offe...
How the Company Makes Money
Performance Shipping primarily makes money by earning charter revenues from its tanker vessels. The company’s key revenue streams generally include: (1) Time-charter revenue, where a customer (charterer) hires a vessel for a defined period and pay...
Performance Shipping Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
58
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 113.13M | 84.17M | 87.44M | 108.94M | 75.17M | 36.49M |
| Gross Profit | 67.96M | 42.31M | 50.11M | 67.92M | 46.48M | 4.99M |
| EBITDA | 69.17M | 70.69M | 55.15M | 74.71M | 55.39M | -2.48M |
| Net Income | 33.60M | 49.97M | 43.73M | 69.41M | 12.00M | -9.71M |
Balance Sheet | ||||||
| Total Assets | 674.83M | 559.85M | 330.39M | 296.27M | 292.98M | 144.92M |
| Cash, Cash Equivalents and Short-Term Investments | 105.93M | 48.17M | 70.31M | 67.27M | 38.73M | 9.57M |
| Total Debt | 310.03M | 222.40M | 47.51M | 54.98M | 127.84M | 49.90M |
| Total Liabilities | 331.45M | 236.42M | 55.15M | 63.08M | 137.27M | 57.58M |
| Stockholders Equity | 343.38M | 323.43M | 275.24M | 233.18M | 155.71M | 87.35M |
Cash Flow | ||||||
| Free Cash Flow | -257.75M | -231.46M | 12.26M | 56.04M | -111.73M | -4.91M |
| Operating Cash Flow | 66.30M | 50.08M | 59.67M | 67.95M | 33.85M | -3.12M |
| Investing Cash Flow | -326.17M | -244.59M | -47.41M | 25.72M | -112.95M | -770.00K |
| Financing Cash Flow | 267.17M | 172.46M | -9.21M | -65.14M | 109.25M | -7.91M |
Performance Shipping Technical Analysis
Neutral
1.69
Price Trends
1.71
Negative
1.72
Negative
1.85
Negative
Market Momentum
-0.04
Positive
43.33
Neutral
63.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PSHG, the sentiment is Neutral. The current price of 1.69 is above the 20-day moving average (MA) of 1.66, below the 50-day MA of 1.71, and below the 200-day MA of 1.85, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 43.33 is Neutral, neither overbought nor oversold. The STOCH value of 63.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PSHG.
Performance Shipping Risk Analysis
Performance Shipping disclosed 72 risk factors in its most recent earnings report. Performance Shipping reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Performance Shipping Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $75.72M | 9.13 | 8.79% | ― | -5.01% | ― | |
66 Neutral | $20.20M | 0.63 | 10.21% | 0.20% | 34.61% | -41.81% | |
65 Neutral | $15.46M | 0.17 | 15.86% | ― | 33.15% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $64.32M | 9.42 | 3.80% | 14.68% | 47.79% | ― | |
57 Neutral | $2.28M | -1.03 | 2.21% | ― | -29.35% | -112.70% | |
47 Neutral | $23.76M | -12.12 | -3.03% | 15.66% | -16.73% | 72.04% |
* Industrials Sector Average
PSHG
Performance Shipping
1.63
-0.38
-19.15%
GLBS
Globus Maritime
2.98
1.84
161.40%
TOPS
Top Ships
0.30
-5.72
-95.03%
PXS
Pyxis Tankers
7.40
4.64
167.93%
CTRM
Castor Maritime
1.60
-0.47
-22.71%
USEA
United Maritime Corp.
2.49
1.07
75.72%
Performance Shipping Corporate Events
Performance Shipping Sets November 4, 2026 Annual Meeting to Elect Directors and Ratify Auditor
Oct 6, 2026
Performance Shipping Inc. has called its Annual Meeting of Shareholders for November 4, 2026, in Athens, Greece, with notice and proxy materials mailed on or about October 6, 2026. Shareholders of record as of September 28, 2026, holding both comm...
Performance Shipping Files Mid‑2026 Financial Update and MD&A on Form 6‑K
Jul 31, 2026
Performance Shipping Inc., an Athens-based marine transporter, charters its vessels primarily through short- and long-term time charters, spot voyages and participation in commercial pools. Under these arrangements, it collects fixed or voyage-lin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.