International Seaways, Inc.

Consumer Discretionary
Marine Transportation
www.intlseas.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.79B
PE 4
Debt $738.46M
Cash $157.51M
EV $2.38B
FCF $268.34M

Earnings

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Sales & Net Margins

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Earnings	$416.55M
EBIT	$455.23M
ROE	22%
ROA	17%
FCF	$268.34M
Equity	$1.86B
Growth Stability	-137%
PE	4.31
PEG	0.15
PB	0.97
P/FCF	6.69
P/S	1.89
Price/Cash	0.09
Debt/Equity	0.4
Debt/FCF	2.75
Net Margins	44%
Op. Margins	48%
Earnings CAGR	5%
Sales Growth YoY	-19%
Sales Growth QoQ	-14%
Sales CAGR	6%
FCF CAGR	5%
Equity CAGR	3%
Earnings Stability	-0.07
Earnings Growth YoY	-63%
Earnings Growth QoQ	-61%
Earnings CAGR 5Y	28%

Sales CAGR 5Y	18%
FCF CAGR 5Y	40%
Equity CAGR 5Y	17%
Earnings CAGR 3Y	56%
Sales CAGR 3Y	56%
FCF CAGR 3Y	71%
Equity CAGR 3Y	21%
Market Cap	$1.79B
Revenue	$951.61M
Dividend Yield	16%
Payout Ratio	68%
Assets	$2.64B
Total Debt	$738.46M
Cash	$157.51M
Shares Outstanding	49.19M
EV	2.38B
Earnings Score	6%
Moat Score	97%
Safety Score	61%
Final Score	55%
Working Capital	245.39M
Current Ratio	2.87
Shares Growth 3y	5%
Equity Growth QoQ	-1%
Equity Growth YoY	12%

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-K Dec 31
- 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 5%

Stability -7%

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International Seaways, Inc. Discounted Cash Flow

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

Years

Calculation mode

= $3.9B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$268M	$282M	$297M	$313M	$329M	$347M	$365M	$384M	$405M	$426M	$448M	$4.5B
DCF		$257M	$246M	$235M	$225M	$215M	$206M	$197M	$189M	$181M	$173M	$1.7B
Value	$3.9B

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	12/2024	TTM
Net Margins	35%	-5%	-	-37%	-33%	-0%	-1%	-	44%	44%
ROA	-	0%	-	-6%	-3%	3%	3%	-	17%	17%
ROE	-	-2%	-	-10%	-9%	-0%	-1%	-	22%	22%

Good Net Margins (43.77%)

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	12/2024	TTM
Debt over FCF	-	3.51	-	-3.7	-5.02	14.38	3.6	-	2.75	2.75
Debt over Equity	0.43	0.38	-	0.53	0.8	0.72	0.61	-	0.4	0.4
Growth Stability	-	-	-	-137%	-	-	-	-	-	-137%

Neutral Debt/FCF ratio (2.75)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.4)

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	12/2024	CAGR 5Y
Revenue YoY growth	-	-20%	-	-	-7%	35%	15%	-	-	18%
Earnings YoY growth	-	-111%	-	-	-16%	-99%	566%	-	-	28%
Equity YoY growth	-	-15%	-	-	-7%	1%	-5%	-	-	17%
FCF YoY growth	-	-43%	-	-	3%	-132%	226%	-	-	40%