International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trade. It operates through two segments, Crude Tankers and Product Carriers.
Business Growth For The Year Ended 2019-12-31
The company reports a significant amount of sales growth of 35% y/y with a gross profit ratio of 40%. Last year, annual sales were equal to $421. 648 million. INSW reports EBITDA growth of 223%, and an EBITDA ratio of 50%. The EBITDA grows since the cost of revenue declined a -12%.
Balance Sheet As Of 2020-12-31
With an assets to liabilities ratio of more than 2x, INSW’s balance sheet seems very solid. In Q4, International Seaways Inc reported $1586 million in assets, with total liabilities of $614 million. In addition, International Seaways Inc has positive working capital, which investors will like. It means that INSW can cover its short-term liabilities when they come due.
INSW’s short term debt is less significant than the company’s cash and cash equivalents. In my opinion, International Seaways Inc may not have to worry about any liquidity risk. Additionally, the price to book value is below 1. 5x, which means that INSW is undervalued.
Besides, notice that the cash per share is equal to $6, and the stock price is $19. 91. INSW’s debt to equity ratio is below 2x. Evidently, the debt level appears to be under control. Note that International Seaways Inc reports cash and cash equivalents of $199 million, and net debt of $355 million.
Quarterly Results For The Quarter Ended 2020-12-31
In Q4 INSW reported quarterly sales of $56 million, and gross profit of $-4 million. Besides, INSW is profitable, which is good. International Seaways Inc released positive quarterly EBITDA of $5. 912 million. I do appreciate it.
Valuation and Risks
International Seaways Inc has a market capitalization of $558 million. The enterprise value is equal to $823 million. With forward sales of $421 million, INSW sells at less than 2x forward sales. In my opinion, market participants will most likely believe that International Seaways Inc is cheap.
Institutional investors UBS ASSET MANAGEMENT AMERICAS, Invesco Ltd. , and PRUDENTIAL FINANCIAL are International Seaways Inc investors.
The following INSW’s insiders acquired or sold equity recently.INSW’s traders will most likely study this information:
+In 2021-04-05, director, officer: President and CEO Zabrocky Lois K acquired equity of INSW.
+In 2021-04-05, director, officer: President and CEO Zabrocky Lois K sold stock of INSW.
+In 2021-04-05, director, officer: President and CEO Zabrocky Lois K sold equity of INSW.
If you see an error, please contact the editor. We don’t own INSW’s shares, and this is our opinion. We do not offer a recommendation to buy or sell any stock.