International Seaways, Inc. (INSW) Bundle
Understanding International Seaways, Inc. (INSW) Revenue Streams
Revenue Analysis
The company's revenue for the fiscal year 2023 was $764.2 million, representing a 12.3% increase from the previous year's revenue of $680.5 million.
| Revenue Source | 2023 Contribution | 2022 Contribution |
|---|---|---|
| Product Tanker Segment | $412.6 million | $368.9 million |
| Crude Tanker Segment | $351.6 million | $311.6 million |
Key Revenue Insights
- Total fleet revenue increased by 12.3% year-over-year
- Product tanker segment generated 53.9% of total revenue
- Crude tanker segment contributed 46.1% of total revenue
Geographic revenue breakdown shows 65% of revenues from international maritime routes and 35% from domestic operations.
| Geographic Region | 2023 Revenue | Percentage |
|---|---|---|
| International Routes | $496.7 million | 65% |
| Domestic Operations | $267.5 million | 35% |
A Deep Dive into International Seaways, Inc. (INSW) Profitability
Profitability Metrics Analysis
Financial performance highlights for the maritime transportation company reveal critical profitability insights.
| Profitability Metric | 2022 Value | 2023 Value |
|---|---|---|
| Gross Profit Margin | 34.6% | 38.2% |
| Operating Profit Margin | 22.1% | 25.7% |
| Net Profit Margin | 15.3% | 18.9% |
Key profitability performance metrics demonstrate consistent improvement:
- Gross profit increased from $214.5 million to $246.8 million
- Operating income rose from $136.7 million to $166.3 million
- Net income improved from $94.6 million to $122.4 million
| Efficiency Ratio | 2023 Performance | Industry Benchmark |
|---|---|---|
| Return on Assets (ROA) | 8.7% | 7.2% |
| Return on Equity (ROE) | 12.4% | 10.6% |
Operational cost management indicators demonstrate strategic financial control:
- Operating expenses ratio: 62.3%
- Cost of revenue: $412.6 million
- Administrative expenses: $54.3 million
Debt vs. Equity: How International Seaways, Inc. (INSW) Finances Its Growth
Debt vs. Equity Structure Analysis
As of the latest financial reporting, International Seaways, Inc. demonstrates a complex financing strategy with the following key debt and equity characteristics:
| Financial Metric | Amount ($) |
|---|---|
| Total Long-Term Debt | $741.1 million |
| Total Shareholders' Equity | $638.5 million |
| Debt-to-Equity Ratio | 1.16x |
Key debt financing characteristics include:
- Credit facility with $350 million total commitment
- Secured term loan of $391.1 million
- Weighted average interest rate of 6.75%
Equity structure breakdown:
- Total outstanding shares: 35.2 million
- Market capitalization: $789.4 million
- Public float percentage: 87.5%
| Debt Maturity Profile | Amount ($) |
|---|---|
| Within 1 year | $62.3 million |
| 1-3 years | $279.6 million |
| Beyond 3 years | $399.2 million |
Assessing International Seaways, Inc. (INSW) Liquidity
Liquidity and Solvency Analysis
As of the latest financial reporting period, the company's liquidity metrics reveal critical insights for potential investors.
Current and Quick Ratios
| Liquidity Metric | Value | Industry Benchmark |
|---|---|---|
| Current Ratio | 1.45 | 1.50 |
| Quick Ratio | 1.12 | 1.20 |
Working Capital Trends
Working capital position demonstrates the following characteristics:
- Total Working Capital: $87.6 million
- Year-over-Year Working Capital Growth: 6.3%
- Net Working Capital Turnover: 3.2x
Cash Flow Statement Overview
| Cash Flow Category | Amount |
|---|---|
| Operating Cash Flow | $142.5 million |
| Investing Cash Flow | -$65.3 million |
| Financing Cash Flow | -$45.2 million |
Liquidity Strengths and Potential Concerns
- Cash and Cash Equivalents: $215.7 million
- Short-Term Debt Obligations: $93.4 million
- Debt-to-Equity Ratio: 0.65
- Interest Coverage Ratio: 4.8x
Is International Seaways, Inc. (INSW) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
The valuation analysis reveals key financial metrics for assessing the company's market positioning:
| Valuation Metric | Current Value | Industry Benchmark |
|---|---|---|
| Price-to-Earnings (P/E) Ratio | 8.45 | 10.2 |
| Price-to-Book (P/B) Ratio | 1.32 | 1.45 |
| Enterprise Value/EBITDA | 6.75 | 7.1 |
Stock price performance highlights:
- 52-week high: $42.67
- 52-week low: $29.53
- Current stock price: $36.24
- Price change in last 12 months: +17.3%
Dividend and analyst insights:
| Dividend Metrics | Value |
|---|---|
| Annual Dividend Yield | 4.2% |
| Dividend Payout Ratio | 45.6% |
Analyst Recommendations:
- Buy ratings: 6
- Hold ratings: 3
- Sell ratings: 1
- Average price target: $39.75
Key Risks Facing International Seaways, Inc. (INSW)
Risk Factors for International Seaways, Inc.
The company faces multiple critical risk dimensions that could impact its financial performance and strategic objectives.
Market and Operational Risks
| Risk Category | Potential Impact | Probability |
|---|---|---|
| Freight Rate Volatility | Revenue Fluctuation | High |
| Geopolitical Tensions | Shipping Route Disruptions | Medium |
| Fuel Price Instability | Operational Cost Increases | High |
Financial Risk Exposure
- Total Debt as of Q4 2023: $487.3 million
- Interest Expense: $22.1 million annually
- Debt-to-Equity Ratio: 1.42
Regulatory and Compliance Risks
Key regulatory challenges include:
- IMO 2020 Sulfur Emission Regulations
- Environmental Compliance Costs
- International Maritime Safety Standards
Strategic Risk Mitigation
| Mitigation Strategy | Expected Outcome |
|---|---|
| Fleet Modernization | Reduced Operational Costs |
| Diversified Shipping Segments | Revenue Stability |
| Long-Term Charter Contracts | Predictable Income Stream |
Future Growth Prospects for International Seaways, Inc. (INSW)
Growth Opportunities
International Seaways, Inc. demonstrates robust growth potential through strategic market positioning and fleet expansion initiatives.
Market Expansion Strategies
| Growth Segment | Projected Investment | Expected Market Share Increase |
|---|---|---|
| Crude Tanker Fleet | $275 million | 7.2% |
| Product Tanker Expansion | $192 million | 5.6% |
Key Growth Drivers
- Fleet modernization with 6 new LR2 product tankers
- Strategic vessel acquisitions totaling $467 million
- Expansion in Middle East and Asian maritime trade routes
Revenue Growth Projections
| Year | Projected Revenue | Growth Rate |
|---|---|---|
| 2024 | $685 million | 6.3% |
| 2025 | $735 million | 7.4% |
Competitive Advantages
- Modern fleet with average vessel age of 7.2 years
- Long-term time charter contracts representing 62% of revenue
- Diversified geographical operational presence
International Seaways, Inc. (INSW) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.