Performance Shipping Inc. (PSHG) vs SVRN, Inc. (SVRN)

Performance Shipping Inc. and SVRN, Inc. are both Marine Shipping companies. SVRN, Inc. is the larger, with a market value of $85.8M against $21.9M — 3.9× the size. SVRN, Inc. has negative trailing earnings, so its P/E is not meaningful; Performance Shipping Inc. trades at 0.8×. SVRN, Inc. grew revenue faster over the last twelve months: 35.6% against 11.8%. Performance Shipping Inc. has the higher net margin (30.0% vs −76.8%) and the higher return on invested capital (0.00% vs 0.00%). Both pay a dividend; SVRN, Inc. yields more (93.9% vs 7.35%). Across the 17 metrics below, SVRN, Inc. leads on 11 and Performance Shipping Inc. on 6.

Valuation

Metric PSHG SVRN Marine Shipping median
P/E 0.76 n/m 6.89
P/S 0.23 0.03 1.92
P/B 0.06 0.01 0.90
Price to free cash flow n/m 0.10 4.62
EV/EBITDA 5.91 1.39 6.57
EV/Sales 2.35 (0.98) 2.73
Earnings yield 131.64% (2,793.06%) 9.59%
Free cash flow yield (688.50%) 1,027.73% 16.76%

Profitability

Metric PSHG SVRN Marine Shipping median
Gross margin 69.10% 36.99% 60.61%
Operating margin 39.68% (70.21%) 27.74%
Net margin 29.96% (76.76%) 25.21%
Free cash flow margin 0.00% 0.00% 17.29%
Return on equity 0.00% 0.00% 8.62%
Return on assets 0.00% 0.00% 5.35%
Return on invested capital 0.00% 0.00% 5.32%

Growth

Metric PSHG SVRN Marine Shipping median
Revenue growth (TTM) 11.81% 35.58% 13.26%
EPS growth (last fiscal year) 15.32% 86.23% —
Revenue growth, 5-year CAGR 14.89% 7.32% 11.77%
Net income growth, 5-year CAGR 56.12% 0.00% 0.00%

Health

Metric PSHG SVRN Marine Shipping median
Debt to equity 0.90 0.00 0.52
Current ratio 3.91 7.05 1.63
Net debt to EBITDA 3.60 1.06 2.34

Dividend

Metric PSHG SVRN Marine Shipping median
Dividend yield 7.35% 93.90% 5.54%
Payout ratio 0.00 0.00 0.13

Size

Metric PSHG SVRN Marine Shipping median
Market cap 21.88m 85.80m 420.73m

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