Diana Shipping inc. (DSX) vs Heidmar Maritime Holdings Corp. (HMR)

Diana Shipping inc. and Heidmar Maritime Holdings Corp. are both Marine Shipping companies. Diana Shipping inc. is the larger, with a market value of $359.6M against $106.2M — 3.4× the size. Heidmar Maritime Holdings Corp. has negative trailing earnings, so its P/E is not meaningful; Diana Shipping inc. trades at 5.7×. Heidmar Maritime Holdings Corp. grew revenue faster over the last twelve months: 161.4% against −3.68%. Diana Shipping inc. has the higher net margin (25.2% vs −20.1%) and the higher return on invested capital (2.88% vs 0.00%). Across the 19 metrics below, Diana Shipping inc. leads on 14 and Heidmar Maritime Holdings Corp. on 5.

Valuation

Metric DSX HMR Marine Shipping median
P/E 5.71 n/m 6.89
P/S 1.48 1.52 1.92
P/B 0.58 9.69 0.90
Price to free cash flow 2.42 7.68 4.62
EV/EBITDA 16.14 19.34 6.57
EV/Sales 3.11 1.11 2.73
Earnings yield 17.50% (13.56%) 9.59%
Free cash flow yield 41.26% 13.02% 16.76%

Profitability

Metric DSX HMR Marine Shipping median
Gross margin 56.68% 59.39% 60.61%
Operating margin 19.25% 5.77% 27.74%
Net margin 25.21% (20.10%) 25.21%
Free cash flow margin 61.21% 23.46% 17.29%
Return on equity 10.35% 0.00% 8.62%
Return on assets 4.68% (22.23%) 5.35%
Return on invested capital 2.88% 0.00% 5.32%

Growth

Metric DSX HMR Marine Shipping median
Revenue growth (TTM) (3.68%) 161.35% 13.26%
EPS growth (last fiscal year) 120.00% (1,264.18%) —
Revenue growth, 5-year CAGR 4.70% — 11.77%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric DSX HMR Marine Shipping median
Debt to equity 1.10 0.00 0.52
Current ratio 2.05 1.13 1.63
Net debt to EBITDA 4.50 3.89 2.34

Dividend

Metric DSX HMR Marine Shipping median
Dividend yield 19.41% — 5.54%
Payout ratio 0.81 — 0.13

Size

Metric DSX HMR Marine Shipping median
Market cap 359.56m 106.19m 420.73m

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