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 $288.6M against $235.1M — 1.2× the size. SEACOR Marine Holdings Inc. has negative trailing earnings, so its P/E is not meaningful; Diana Shipping inc. trades at 4.8×. Diana Shipping inc. grew revenue faster over the last twelve months: −3.68% against −15.0%. Diana Shipping inc. has the higher net margin (25.2% vs −17.6%) and the higher return on invested capital (2.88% vs 0.39%). Across the 19 metrics below, Diana Shipping inc. leads on 13 and SEACOR Marine Holdings Inc. on 6.

Valuation

Metric DSX SMHI Marine Shipping median
P/E 4.76 n/m 7.37
P/S 1.23 1.09 1.71
P/B 0.48 0.93 0.85
Price to free cash flow 2.02 n/m 4.11
EV/EBITDA 14.85 10.24 5.98
EV/Sales 2.86 2.23 2.47
Earnings yield 21.03% (16.30%) 13.14%
Free cash flow yield 49.58% (0.38%) 19.49%

Profitability

Metric DSX SMHI Marine Shipping median
Gross margin 56.68% 20.74% 60.61%
Operating margin 19.25% 1.45% 27.74%
Net margin 25.21% (17.55%) 25.21%
Free cash flow margin 61.21% (0.42%) 18.27%
Return on equity 10.35% (14.03%) 8.04%
Return on assets 4.68% (5.59%) 5.13%
Return on invested capital 2.88% 0.39% 5.17%

Growth

Metric DSX SMHI Marine Shipping median
Revenue growth (TTM) (3.68%) (15.01%) 10.81%
EPS growth (last fiscal year) 120.00% 62.41% (20.39%)
Revenue growth, 5-year CAGR 4.70% 9.94% 11.95%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DSX SMHI Marine Shipping median
Debt to equity 1.10 1.28 0.44
Current ratio 2.05 2.20 1.67
Net debt to EBITDA 4.50 3.90 2.34

Dividend

Metric DSX SMHI Marine Shipping median
Dividend yield 1.72% — 4.83%
Payout ratio 0.08 — 0.30

Size

Metric DSX SMHI Marine Shipping median
Market cap 288.64m 235.13m 435.67m

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