Performance Shipping Inc. (PSHG) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-1201.9%

-$16.86

vs $1.53 price

Levered DCF

-$21.86

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.72

Distress zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	0.55×	0.55×	0.42×	0.55×	-27.69×	4.31×	-34.33×	-0.12×
P/B	0.08×	0.08×	0.1×	0.04×	3.2×	0.23×	0.26×	0.06×
P/S	0.31×	0.26×	0.22×	0.09×	7.67×	0.53×	0.9×	0.24×
EV / EBITDA	2.84×	0×	0.15×	1.73×	-129.1×	5.91×	-5.37×	0.54×
Gross margin	50.3%	57.3%	62.3%	61.8%	13.7%	30.0%	31.3%	15.3%
Operating margin	38.7%	47.8%	69.3%	53.2%	-23.2%	10.2%	-117.9%	-162.1%
Net margin	59.4%	50.0%	63.7%	16.0%	-26.6%	9.0%	-119.4%	-206.9%
Current ratio	2.22×	5.29×	5.21×	2.05×	1.28×	2.63×	4.63×	3.67×
Debt / equity	0.69×	0.17×	0.24×	0.82×	0.57×	0.6×	0.34×	0×
Interest coverage	5.77×	31.09×	7.87×	10.08×	-4.7×	2.5×	-48.64×	-3.6×
Dividend yield	6.9%	8.0%	7.9%	14.4%	0.0%	2.3%	0.0%	0.0%
Payout ratio	3.7%	4.2%	2.7%	7.8%	0.0%	13.3%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	15.5%	15.9%	29.8%	7.7%	-11.1%	3.9%	-34.0%	-55.3%
Return on invested capital	6.0%	12.9%	26.2%	12.1%	-5.3%	2.8%	-0.5%	-42.6%
Return on assets	8.9%	13.2%	23.4%	4.1%	-6.7%	2.4%	-24.6%	-52.8%
Free cash flow yield	-874.1%	53.3%	235.3%	-1706.0%	-1.8%	-226.4%	-226.1%	-7.4%
Earnings yield	188.7%	190.1%	291.5%	183.3%	-3.5%	17.0%	-133.2%	-861.1%
Enterprise value	$200.7M	$194.7K	$11.5M	$95.7M	$320M	$58.6M	$30M	-$4.4M
Net debt / EBITDA	2.46×	-0.41×	-0.16×	1.61×	-16.27×	3.66×	-1.06×	1.31×
Cash conversion cycle (days)	6	8	6	25	21	37	84	-8