Diana Shipping inc. (DSX) vs Euroseas Ltd. (ESEA)

Diana Shipping inc. and Euroseas Ltd. are both Marine Shipping companies. Euroseas Ltd. is the larger, with a market value of $467.0M against $359.6M — 1.3× the size. Euroseas Ltd. trades at the lower P/E: 3.6× against 5.7×. Euroseas Ltd. grew revenue faster over the last twelve months: 2.53% against −3.68%. Euroseas Ltd. has the higher net margin (60.0% vs 25.2%) and the higher return on invested capital (16.8% vs 2.88%). Both pay a dividend; Diana Shipping inc. yields more (19.4% vs 4.94%). Across the 23 metrics below, Euroseas Ltd. leads on 16 and Diana Shipping inc. on 7.

Valuation

Metric DSX ESEA Marine Shipping median
P/E 5.71 3.57 6.89
P/S 1.48 2.14 1.92
P/B 0.58 0.93 0.90
Price to free cash flow 2.42 3.51 4.62
EV/EBITDA 16.14 2.91 6.57
EV/Sales 3.11 2.18 2.73
Earnings yield 17.50% 28.02% 9.59%
Free cash flow yield 41.26% 28.50% 16.76%

Profitability

Metric DSX ESEA Marine Shipping median
Gross margin 56.68% 77.80% 60.61%
Operating margin 19.25% 63.22% 27.74%
Net margin 25.21% 59.98% 25.21%
Free cash flow margin 61.21% 61.02% 17.29%
Return on equity 10.35% 29.33% 8.62%
Return on assets 4.68% 19.21% 5.35%
Return on invested capital 2.88% 16.78% 5.32%

Growth

Metric DSX ESEA Marine Shipping median
Revenue growth (TTM) (3.68%) 2.53% 13.26%
EPS growth (last fiscal year) 120.00% 21.73% —
Revenue growth, 5-year CAGR 4.70% 33.72% 11.77%
Net income growth, 5-year CAGR 0.00% 110.07% 0.00%

Health

Metric DSX ESEA Marine Shipping median
Debt to equity 1.10 0.39 0.52
Current ratio 2.05 5.46 1.63
Net debt to EBITDA 4.50 0.23 2.34

Dividend

Metric DSX ESEA Marine Shipping median
Dividend yield 19.41% 4.94% 5.54%
Payout ratio 0.81 0.14 0.13

Size

Metric DSX ESEA Marine Shipping median
Market cap 359.56m 467.02m 420.73m

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