Added to YB: 2026-04-13
Pitch date: 2026-03-29
PSHG [bullish]
Performance Shipping Inc.
+3.33%
current return
Author Info
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Company Info
Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide.
Market Cap
$23.7M
Pitch Price
$1.80
Price Target
6.50 (+249%)
Dividend
N/A
EV/EBITDA
4.34
P/E
1.49
EV/Sales
2.34
Sector
Marine Transportation
Category
value
The Shipping Company Nobody Has Heard Of - Performance Shipping Inc.
PSHG: 94% discount to $406.5M NAV; $26M mkt cap vs $323M equity. $3.87 EPS vs $1.91 price (0.5x P/E). 11 modern tankers, 3 under construction. $350M contracted backlog, 88% 2026 charter coverage, $31k/day TCE vs $11.4k breakeven. Mgmt proven asset investor: 2.5x avg MOIC, 22-38% IRRs on disposals. Hormuz crisis adds 15-day routes, spiking tonne-mile demand for Aframaxes/Suezmaxes. PT $6.50 (5yr).
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