Diana Shipping inc. (DSX) vs SEACOR Marine Holdings Inc. (SMHI)

Diana Shipping inc. and SEACOR Marine Holdings Inc. are both Marine Shipping companies. Diana Shipping inc. is the larger, with a market value of $359.6M against $239.0M — 1.5× the size. SEACOR Marine Holdings Inc. has negative trailing earnings, so its P/E is not meaningful; Diana Shipping inc. trades at 5.7×. Diana Shipping inc. grew revenue faster over the last twelve months: −3.68% against −17.5%. Diana Shipping inc. has the higher net margin (25.2% vs −8.62%) and the lower return on invested capital (2.88% vs 2.93%). Across the 20 metrics below, Diana Shipping inc. leads on 13 and SEACOR Marine Holdings Inc. on 7.

Valuation

Metric DSX SMHI Marine Shipping median
P/E 5.71 n/m 6.89
P/S 1.48 1.08 1.92
P/B 0.58 0.90 0.90
Price to free cash flow 2.42 3.49 4.62
EV/EBITDA 16.14 6.80 6.57
EV/Sales 3.11 2.16 2.73
Earnings yield 17.50% (8.02%) 9.59%
Free cash flow yield 41.26% 28.65% 16.76%

Profitability

Metric DSX SMHI Marine Shipping median
Gross margin 56.68% 17.03% 60.61%
Operating margin 19.25% 10.69% 27.74%
Net margin 25.21% (8.62%) 25.21%
Free cash flow margin 61.21% 30.99% 17.29%
Return on equity 10.35% (6.98%) 8.62%
Return on assets 4.68% (2.76%) 5.35%
Return on invested capital 2.88% 2.93% 5.32%

Growth

Metric DSX SMHI Marine Shipping median
Revenue growth (TTM) (3.68%) (17.49%) 13.26%
EPS growth (last fiscal year) 120.00% 62.41% —
Revenue growth, 5-year CAGR 4.70% 9.94% 11.77%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DSX SMHI Marine Shipping median
Debt to equity 1.10 1.27 0.52
Current ratio 2.05 2.38 1.63
Net debt to EBITDA 4.50 3.90 2.34

Dividend

Metric DSX SMHI Marine Shipping median
Dividend yield 19.41% — 5.54%
Payout ratio 0.81 0.00 0.13

Size

Metric DSX SMHI Marine Shipping median
Market cap 359.56m 239.04m 420.73m

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