Diana Shipping AI Stock Analysis
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Diana Shipping (DSX) AI Stock Analysis
Diana Shipping
(NYSE:DSX)
DSX scores in the low-to-mid range, weighed down primarily by deteriorating fundamentals: three consecutive years of revenue decline, a steep drop in earnings and operating cash flow from the 2022 freight-rate peak, and elevated leverage with debt exceeding equity. Offsetting this, technicals are constructive — the stock trades above all key moving averages with positive MACD, though momentum indicators are stretched — and the valuation is inexpensive at ~5.7x earnings with a modest 1.4% yield. The result is a cyclical shipping name with attractive optionality on a rate recovery but meaningful downside risk if weakness persists.
Diana Shipping (DSX) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $302.33M
- Dividend Yield
- 1.65%
- Average Volume (3M)
- 1.04M
- Price to Earnings (P/E)
- 5.0
- Beta (1Y)
- 1.10
- Revenue Growth
- -3.68%
- EPS Growth
- 258.59%
- Country
- US
- Employees
- 981
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Marine Shipping
Diana Shipping Business Overview & Revenue Model
Company Description
Diana Shipping Inc. specializes in providing maritime transportation solutions. The company is responsible for the global carriage of various dry bulk commodities, such as iron ore, coal, grain, and other loose materials, across shipping routes world...
How the Company Makes Money
Diana Shipping makes money primarily by chartering out its dry bulk vessels and earning freight/charter hire from customers for the use of those ships. Its key revenue streams include: (1) Time charter revenue: The company leases vessels to charterer...
Diana Shipping Earnings Call Summary
The call highlighted several strong company-level fundamentals — very high fleet utilization (99.9%), improved earnings per share, disciplined multi-year charter coverage (~83% of remaining 2026 days contracted) and a solid liquidity/debt position (cash ~$125M; net LTV ~46%). Strategic initiatives (increased Genco offer with committed financing), ESG recognition and fleet modernization plans add to the positive outlook. Key risks center on macro and geopolitical uncertainty (Middle East conflict impacts, possible commodity policy actions in Guinea/Indonesia), remaining unfixed days (~17%), some higher per‑day operating costs, and execution risk around the Genco transaction. Overall, the positives (operational performance, contracted revenues, improved profitability and liquidity) outweigh the challenges presented, but material external risks remain that could affect forward performance.
Q1-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management guided that it has already secured roughly 83% of ownership days for the remainder of 2026, translating to about $123–124 million of contracted revenues at an average fixed time‑charter rate of roughly $18–18.3k/day (only ~17% of 2026 days remain unfixed), and has fixed $44.1 million of revenues for ~17% of 2027 days at an average ~$19.9k/day with an average contract duration of 1.24 years; fleet utilization was 99.9%, cash was ~$124–125 million, long‑term debt was $621 million and net loan‑to‑value ~46%, management reported cash‑flow breakeven rates of roughly $16.03k and ~$44k/day, potential total revenues (including unfixed days) of about $150 million for the remainder of 2026 and $252 million for 2027, and a gradual debt amortization profile with a $175 million senior unsecured bond maturing in 2029.
Diana Shipping Financial Statement Overview
Summary
Financials are under clear pressure. Revenue has declined three straight years (~26% off the 2022 peak, -9.5% TTM), net income collapsed from $119M in 2022 to $12.7M in 2024, and EBITDA margins compressed from 62.5% to the mid-30s before a partial TTM recovery. The balance sheet is leveraged, with debt of $621M exceeding equity of $530M (D/E ~1.10x) and ROE falling from 24.4% to low single digits, though equity has slowly built. Cash flow remains positive but operating cash flow has fallen roughly two-thirds from peak, and weak debt coverage ratios are a concern given the high leverage in a cyclical industry. Stabilizing TTM margins are a modest offset.
Income Statement
35NegativeBalance Sheet
38NegativeCash Flow
40Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 215.94M | 213.54M | 228.21M | 262.10M | 289.97M | 214.20M |
| Gross Profit | 74.55M | 74.36M | 87.32M | 113.21M | 167.67M | 93.39M |
| EBITDA | 134.03M | 104.97M | 102.17M | 146.03M | 187.11M | 115.95M |
| Net Income | 60.20M | 17.83M | 12.75M | 49.84M | 119.06M | 57.39M |
Balance Sheet | ||||||
| Total Assets | 1.20B | 1.17B | 1.17B | 1.17B | 1.18B | 842.16M |
| Cash, Cash Equivalents and Short-Term Investments | 273.16M | 240.45M | 188.17M | 162.32M | 122.93M | 126.79M |
| Total Debt | 606.05M | 636.11M | 637.52M | 642.77M | 663.44M | 423.68M |
| Total Liabilities | 643.95M | 667.78M | 665.96M | 677.39M | 695.59M | 448.75M |
| Stockholders Equity | 551.45M | 502.41M | 505.06M | 489.02M | 487.33M | 393.40M |
Cash Flow | ||||||
| Free Cash Flow | 0 | 44.33M | 54.06M | 36.92M | -75.41M | 63.12M |
| Operating Cash Flow | 69.29M | 47.51M | 78.29M | 68.66M | 155.56M | 82.11M |
| Investing Cash Flow | -32.88M | -32.01M | -39.78M | 24.93M | -273.10M | 13.36M |
| Financing Cash Flow | -56.20M | -36.91M | -16.43M | -69.42M | 88.18M | -51.59M |
Diana Shipping Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DSX, the sentiment is Negative. The current price of 2.43 is below the 20-day moving average (MA) of 2.46, below the 50-day MA of 2.71, and below the 200-day MA of 2.49, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 40.65 is Neutral, neither overbought nor oversold. The STOCH value of 48.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DSX.
Diana Shipping Risk Analysis
Diana Shipping disclosed 116 risk factors in its most recent earnings report. Diana Shipping reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksDiana Shipping Peers Comparison
Overall Rating
GLBS74Outperform
GNK73Outperform
SHIP73Outperform
SB63Neutral
USEA52.9Neutral- DSX52Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GLBS | 74Outperform | $64.53M | 9.10 | 3.80% | ― | 47.79% | ― |
| GNK | 73Outperform | $1.14B | 14.49 | 8.91% | 6.82% | 54.72% | ― |
| SHIP | 73Outperform | $334.12M | 5.48 | 20.72% | 5.65% | 36.62% | 371.44% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| SB | 63Neutral | $892.45M | 10.37 | 10.32% | 2.90% | 10.81% | 81.30% |
| USEA | 53Neutral | $23.48M | -14.70 | -3.03% | 12.91% | -13.15% | ― |
| DSX | 52Neutral | $297.35M | 4.97 | 11.56% | 1.65% | -3.68% | 258.59% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DSX | Diana Shipping | 2.43 | 0.68 | 38.94% | |
| GNK | Genco Shipping & Trading Ltd | 26.41 | 9.98 | 60.70% | |
| GLBS | Globus Maritime | 2.87 | 1.69 | 142.19% | |
| SB | Safe Bulkers Inc | 8.11 | 3.49 | 75.66% | |
| SHIP | Seanergy Maritime Holdings Corp | 15.58 | 6.71 | 75.55% | |
| USEA | United Maritime Corp. | 3.02 | 1.67 | 123.21% |
Diana Shipping Corporate Events
Diana Shipping Secures Higher-Rate Time Charter for Capesize Vessel G. P. Zafirakis
On October 8, 2026, Diana Shipping Inc., a global dry bulk shipping company listed on the NYSE, reported that it operates a diversified fleet of 36 dry bulk vessels across multiple size segments, with a combined carrying capacity of about 4.1 million...
Diana Shipping Secures Higher-Rate Time Charter for Ultramax DSI Polaris
On September 21, 2026, Diana Shipping Inc. announced that a wholly-owned subsidiary has entered into a new time charter contract with Dai An Ocean Shipping Company Limited for its 60,404 dwt Ultramax vessel m/v DSI Polaris, at a gross rate of $18,000...
Diana Shipping Boosts Earnings With New Time Charter for M/V Astarte
As of mid-September 2026, Diana Shipping entered into a new time charter contract for its 2013-built Kamsarmax dry bulk vessel m/v Astarte with Aquavita International S.A. The charter, set to commence on September 20, 2026 at a gross rate of US$17,00...
Diana Shipping Secures Higher-Rate Charter Extension for Panamax Vessel Leto
On August 24, 2026, Diana Shipping Inc. announced that a wholly owned subsidiary has agreed to a direct continuation of the time charter contract with Cargill International SA for the Panamax dry bulk vessel m/v Leto. The extended charter, starting a...
Diana Shipping Pulls Genco Takeover Bid After Rejecting Board’s Valuation Demands
On August 14, 2026, Diana Shipping announced it has withdrawn its offer to acquire all outstanding shares of Genco Shipping & Trading that it does not already own, ending a nine-month pursuit marked by four successive bid proposals. The withdrawn off...
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.
Date of analysis: Aug 29, 2026