International Seaways, Inc.

Consumer Discretionary
Marine Transportation
www.intlseas.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.81B
PE 4
Debt $700.34M
Cash $103.31M
EV $2.40B
FCF $381.24M

Earnings

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Sales & Net Margins

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Earnings	$478.62M
EBIT	$524.34M
ROE	26%
ROA	20%
FCF	$381.24M
Equity	$1.87B
Growth Stability	-137%
PE	3.78
PEG	0.16
PB	0.96
P/FCF	4.74
P/S	1.81
Price/Cash	0.06
Debt/Equity	0.37
Debt/FCF	1.84
Net Margins	50%
Op. Margins	53%
Earnings CAGR	4%
Sales Growth YoY	-23%
Sales Growth QoQ	-13%
Sales CAGR	5%
FCF CAGR	4%
Equity CAGR	3%
Earnings Stability	-0.1
Earnings Growth YoY	-40%
Earnings Growth QoQ	-37%
Earnings CAGR 5Y	23%

Sales CAGR 5Y	16%
FCF CAGR 5Y	36%
Equity CAGR 5Y	16%
Earnings CAGR 3Y	58%
Sales CAGR 3Y	58%
FCF CAGR 3Y	110%
Equity CAGR 3Y	26%
Market Cap	$1.81B
Revenue	$998.71M
Dividend Yield	16%
Payout Ratio	62%
Assets	$2.59B
Total Debt	$700.34M
Cash	$103.31M
Shares Outstanding	49.19M
EV	2.4B
Earnings Score	6%
Moat Score	97%
Safety Score	63%
Final Score	55%
Working Capital	268.98M
Current Ratio	3.6
Shares Growth 3y	14%
Equity Growth QoQ	-1%
Equity Growth YoY	16%

Assets & ROA

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Stockholders Equity & ROE

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International Seaways Inc owns and operates a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products. The company's vessel operations are organized into two segments: Crude Tankers and Product Carriers. The fleet consists of ULCC, VLCC, Suezmax, Aframax, and Panamax crude tankers, as well as LR1, LR2, and MR product carriers.

SEC Filings

Direct access to International Seaways, Inc. (INSW) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does International Seaways, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of International Seaways, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 4%

Stability -10%

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International Seaways, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for International Seaways, Inc..

Years

Calculation mode

= $5.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$381M	$398M	$414M	$432M	$451M	$470M	$490M	$511M	$533M	$555M	$579M	$5.8B
DCF		$361M	$343M	$325M	$308M	$292M	$276M	$262M	$248M	$235M	$223M	$2.2B
Value	$5.1B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	07/2017	12/2017	12/2018	12/2019	12/2020	08/2022	TTM
Net Margins	35%	-5%	-	-37%	-33%	-0%	-1%	-	50%
ROA	-	0%	-	-6%	-3%	3%	3%	-	20%
ROE	-	-2%	-	-10%	-9%	-0%	-1%	-	26%

Good Net Margins (50.29%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	07/2017	12/2017	12/2018	12/2019	12/2020	08/2022	TTM
Debt over FCF	-	3.51	-	-3.7	-5.02	14.38	3.6	-	1.84
Debt over Equity	0.43	0.38	-	0.53	0.8	0.72	0.61	-	0.37
Growth Stability	-	-	-	-137%	-	-	-	-	-137%

Good Debt/FCF ratio (1.84)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.37)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-137%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	07/2017	12/2017	12/2018	12/2019	12/2020	08/2022	CAGR 5Y
Revenue YoY growth	-	-20%	-	-	-7%	35%	15%	-	16%
Earnings YoY growth	-	-111%	-	-	-16%	-99%	566%	-	23%
Equity YoY growth	-	-15%	-	-	-7%	1%	-5%	-	16%
FCF YoY growth	-	-43%	-	-	3%	-132%	226%	-	36%