Performance Shipping Inc (PSHG) - Net Assets
Based on the latest financial reports, Performance Shipping Inc (PSHG) has net assets worth $316.28 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($554.31 Million) and total liabilities ($238.03 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PSHG asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $316.28 Million |
| % of Total Assets | 57.06% |
| Annual Growth Rate | 8.79% |
| 5-Year Change | 184.35% |
| 10-Year Change | 15.08% |
| Growth Volatility | 50.32 |
Performance Shipping Inc - Net Assets Trend (2010–2024)
This chart illustrates how Performance Shipping Inc's net assets have evolved over time, based on quarterly financial data. Also explore PSHG total assets for the complete picture of this company's asset base.
Annual Net Assets for Performance Shipping Inc (2010–2024)
The table below shows the annual net assets of Performance Shipping Inc from 2010 to 2024. For live valuation and market cap data, see Performance Shipping Inc (PSHG) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $275.24 Million | +18.04% |
| 2023-12-31 | $233.18 Million | +49.76% |
| 2022-12-31 | $155.71 Million | +78.26% |
| 2021-12-31 | $87.35 Million | -9.76% |
| 2020-12-31 | $96.80 Million | +2.72% |
| 2019-12-31 | $94.24 Million | -1.40% |
| 2018-12-31 | $95.58 Million | -26.91% |
| 2017-12-31 | $130.77 Million | +43.90% |
| 2016-12-31 | $90.88 Million | -62.00% |
| 2015-12-31 | $239.17 Million | -6.73% |
| 2014-12-31 | $256.44 Million | +55.93% |
| 2013-12-31 | $164.47 Million | -31.12% |
| 2012-12-31 | $238.76 Million | +15.60% |
| 2011-12-31 | $206.53 Million | +144.10% |
| 2010-12-31 | $84.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Performance Shipping Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 25721663900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $124.00K | 0.05% |
| Other Comprehensive Income | $53.00K | 0.02% |
| Other Components | $534.28 Million | 194.11% |
| Total Equity | $275.24 Million | 100.00% |
Performance Shipping Inc Competitors by Market Cap
The table below lists competitors of Performance Shipping Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Petrolia SE
F:0PE
|
$23.14 Million |
|
OYAK Yatirim Ortakligi AS
IS:OYAYO
|
$23.14 Million |
|
Jui Li Enterprise Co Ltd
TW:1512
|
$23.14 Million |
|
Patentus SA
WAR:PAT
|
$23.14 Million |
|
Genolution Inc.
KQ:225220
|
$23.12 Million |
|
Race Eco Chain Limited
NSE:RACE
|
$23.11 Million |
|
Mistral Iberia Real Estate SOCIMI S.A.
MC:YMIB
|
$23.09 Million |
|
Sierra Nevada Gold Inc
AU:SNX
|
$23.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Performance Shipping Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 233,184,000 to 275,243,000, a change of 42,059,000 (18.0%).
- Net income of 43,730,000 contributed positively to equity growth.
- Dividend payments of 1,833,000 reduced retained earnings.
- Other comprehensive income increased equity by 4,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $43.73 Million | +15.89% |
| Dividends Paid | $1.83 Million | -0.67% |
| Other Comprehensive Income | $4.00K | +0.0% |
| Other Changes | $158.00K | +0.06% |
| Total Change | $- | 18.04% |
Book Value vs Market Value Analysis
This analysis compares Performance Shipping Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.26x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.00x to 0.26x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $28203571.33 | $1.86 | x |
| 2011-12-31 | $68844119.33 | $1.86 | x |
| 2012-12-31 | $59689500.00 | $1.86 | x |
| 2013-12-31 | $41116250.00 | $1.86 | x |
| 2014-12-31 | $28493666.67 | $1.86 | x |
| 2015-12-31 | $26574888.89 | $1.86 | x |
| 2016-12-31 | $9088000.00 | $1.86 | x |
| 2017-12-31 | $45901.02 | $1.86 | x |
| 2018-12-31 | $1517.01 | $1.86 | x |
| 2019-12-31 | $493.45 | $1.86 | x |
| 2020-12-31 | $293.59 | $1.86 | x |
| 2021-12-31 | $260.68 | $1.86 | x |
| 2022-12-31 | $24.15 | $1.86 | x |
| 2023-12-31 | $6.56 | $1.86 | x |
| 2024-12-31 | $7.02 | $1.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Performance Shipping Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.01%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.20x
- Recent ROE (15.89%) is above the historical average (-15.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -2.37% | -34.90% | 0.05x | 1.25x | $-10.46 Million |
| 2011 | 1.76% | 13.45% | 0.13x | 1.02x | $-17.02 Million |
| 2012 | 2.50% | 10.54% | 0.17x | 1.41x | $-17.91 Million |
| 2013 | -34.87% | -106.17% | 0.17x | 1.93x | $-73.79 Million |
| 2014 | 1.26% | 5.99% | 0.13x | 1.60x | $-22.41 Million |
| 2015 | -7.33% | -28.19% | 0.14x | 1.82x | $-41.45 Million |
| 2016 | -163.97% | -448.92% | 0.12x | 2.93x | $-158.10 Million |
| 2017 | 2.92% | 16.04% | 0.10x | 1.78x | $-9.26 Million |
| 2018 | -55.34% | -206.90% | 0.26x | 1.05x | $-62.45 Million |
| 2019 | -34.02% | -119.41% | 0.21x | 1.39x | $-41.48 Million |
| 2020 | 3.90% | 8.98% | 0.27x | 1.63x | $-5.90 Million |
| 2021 | -11.11% | -26.60% | 0.25x | 1.66x | $-18.44 Million |
| 2022 | 23.31% | 48.29% | 0.26x | 1.88x | $20.73 Million |
| 2023 | 29.77% | 63.72% | 0.37x | 1.27x | $46.09 Million |
| 2024 | 15.89% | 50.01% | 0.26x | 1.20x | $16.21 Million |
Industry Comparison
This section compares Performance Shipping Inc's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $554,738,910
- Average return on equity (ROE) among peers: 7.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Performance Shipping Inc (PSHG) | $316.28 Million | -2.37% | 0.75x | $23.12 Million |
| Ardmore Shpng (ASC) | $61.60 Million | -4.83% | 1.61x | $552.67 Million |
| BW LPG Limited (BWLP) | $1.38 Billion | 13.35% | 0.71x | $2.23 Billion |
| Capital Clean Energy Carriers Corp. (CCEC) | $239.76 Million | 7.33% | 2.16x | $1.19 Billion |
| C3is Inc. (CISS) | $43.89 Million | 1.26% | 0.02x | $1.91 Million |
| Costamare Bulkers Holdings Limited (CMDB) | $781.77 Million | -5.39% | 0.40x | $402.68 Million |
| Costamare Inc (CMRE) | $1.36 Billion | 4.95% | 1.25x | $1.99 Billion |
| Castor Maritime Inc (CTRM) | $13.20 Million | 8.24% | 1.30x | $20.00 Million |
| Danaos Corporation (DAC) | $548.71 Million | 15.29% | 4.44x | $2.12 Billion |
| Diana Shipping Inc. (DSX) | $775.48 Million | 28.59% | 0.36x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $341.69 Million | 3.33% | 2.25x | $1.68 Billion |
About Performance Shipping Inc
Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide. As of December 31, 2024, it operated through a fleet of six Aframax tanker vessels with a combined carrying capacity of 630,519 DWT. The company was incorporated in 2010 and is based in Athens, Greece.