Marine shipping monitor

ginopelo

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Carissimi,
non so perchè ma mi interessa approfondire titoli appartenenti a questo settore. Vorrei valutare aziende in EUR o USD.
Per comodità di valutazione vorrei, se possibile, fare un excel da poi condividere per discuterne insieme. Il fine non è detto che sia investire ma analizzare un settore nel suo insieme. Spero di iniziare questo weekend.

Mi piacerebbe partire dai "7 criteria" di Graham (non è detto siano applicabili) + DCF
Criteria 1. Size of the company.
Criteria 2. Healthy Current Ratio.
Criteria 3. Consistent Earnings.
Criteria 4. Dividend Payment History.
Criteria 5. Earnings Growth.
Criteria 6. Price to Earnings (P/E) Ratio.
Criteria 7. Price to Asset Ratio.

Altri suggerimenti?
 
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ginopelo

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Queste le aziende iniziali

Star Bulk Carriers Corp.
Public Joint Stock Company Novorossiysk Commercial Sea Port
Costamare Inc.
Danaos Corporation
Westshore Terminals Investment Corporation
Wilh. Wilhelmsen Holding ASA
KNOT Offshore Partners LP
Pangaea Logistics Solutions, Ltd.
 

ginopelo

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Star Bulk Carriers Corp

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company's vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of March 16, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 22 Capesize, 2 Mini Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax, and 17 Supramax vessels. The company also provides vessel management services. Star Bulk Carriers Corp. was incorporated in 2006 and is based in Maroussi, Greece.

40 Agiou Konstantinou Street
Marousi 15124
Greece
30 210 61 78 400
Star Bulk | "Give me a Ship and I Shall move the Earth"
Sector(s):Industrials
Industry: Marine Shipping
Full Time Employees: 180
 

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Costamare Inc.

Costamare Inc. owns and charters containerships to liner companies worldwide. As of June 14, 2021, it had a fleet of 81 containerships with a total capacity of approximately 581,000 twenty foot equivalent units and 16 dry bulk vessels with a total capacity of approximately 932,000 DWT. The company was founded in 1974 and is based in Monaco.

7 Rue du Gabian
Monaco 98000
Monaco
377 93 25 09 40
Please Wait... | Cloudflare

Sector(s): Industrials
Industry: Marine Shipping
Full Time Employees: 1,704
 

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Danaos Corporation

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2021, it had a fleet of 65 containerships aggregating 403,793 twenty foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1972 and is based in Piraeus, Greece.

14 Akti Kondyli
Athens
Piraeus 185 45
Greece
30 210 41 96 480
Danaos Corporation - Home
Sector(s): Industrials
Industry: Marine Shipping
Full Time Employees: 4
 

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Westshore Terminals Investment Corporation

Westshore Terminals Investment Corporation, through its limited partnership interests in Westshore Terminals Limited Partnership, operates a coal storage and loading terminal at Roberts Bank, British Columbia in Canada. It has contracts to ship coal from mines in British Columbia, Alberta, and the Northwestern United States. The company was founded in 1970 and is headquartered in Vancouver, Canada.

1067 West Cordova Street
Suite 1800
Vancouver, BC V6C 1C7
Canada
604 688 6764
Westshore Terminals Ltd.
Sector(s): Industrials
Industry: Marine Shipping
Full Time Employees: 237
 

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Wilh. Wilhelmsen Holding ASA

Wilh. Wilhelmsen Holding ASA provides maritime products and services in Europe, the Americas, Asia, Africa, and Oceania. It operates in Maritime Services and Supply Services segments. The Maritime Services segment offers marine products, ship agency services, and logistics to the merchant fleet, as well as ship management services, including manning for various vessel types. The Supply Services segment engages in the operation of supply bases for the offshore industry; development and operation of real estate properties on and off the supply bases; and maintenance of rigs and handling of logistics related to international pipeline projects and windmill parks. The company's marine products include Unitor chemicals and equipment to clean vessels; Unitor fuel treatment chemicals; Unitor oil spill kits and other damage control solutions; Unitor cylinders; Timm ropes; Unitor equipment for the maintenance and performance vessels; and Nalfleet water treatment products to treat and protect on board systems, as well as Unicool refrigerants. It also provides marine and non-marine insurance services; and maritime training solutions. The company was founded in 1861 and is headquartered in Lysaker, Norway. Wilh. Wilhelmsen Holding ASA is a subsidiary of Tallyman AS.

Strandveien 20
Lysaker 1366
Norway
47 67 58 40 00
Wilhelmsen
Sector(s): Industrials
Industry: Marine Shipping
Full Time Employees: 15,113
 

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KNOT Offshore Partners LP

KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and storage of crude oil under time charters and bareboat charters. As of March 18, 2021, it operated a fleet of seventeen shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.


2 Queens Cross
Aberdeen AB15 4YB
United Kingdom
44 12 2461 8420
KNOT Offshore Partners LP - Home
Sector(s): Industrials
Industry: Marine Shipping
Full Time Employees: 1
 

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Pangaea Logistics Solutions, Ltd.

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of February 8, 2021, the company owned and operated a fleet of 18 ships. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.

109 Long Wharf
Newport, RI 02840
United States
401 846 7790
http://www.pangaeals.com
Sector(s): Industrials
Industry: Marine Shipping
Full Time Employees: 70
 

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Breve analisi del settore del 2019
 

ginopelo

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primo embrione
nessuno ha crescita organica e costante EPS in 10 anni, sebbene alcuni riescano almeno a non perdere soldi nonostante la ciclicità
 

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Shipping: Danaos
Very Bullish Greece-based Danaos Corporation owns and operates a fleet of approximately 65 containerships worldwide and offers seaborne transportation services like chartering its vessels to shipping companies. Together with its subsidiaries, in the words of fellow SA Author Zim Integrated, "Danaos' current fleet employment essentially guarantees that the company will keep generating record profits at least for the next couple of years." It's a value and growth win with stellar Factor Grades to match.
DAC Valuation
Until recently, cargo and shipping have been in high demand. Danaos’ record net income generation has been a key driver behind the stock’s appreciation. In recent times, lockdowns caused the marine industry some headaches – whether parked and unable to leave the ports due to a lack of inventory or merely unable to leave given shutdowns. Additionally, demand in China and a rate drop among vessels across vessel segments, particularly capesize, have led to softness in the cost of transporting materials and products. These events created volatility and the impact has been felt as the Baltic Dry Index fell to a five-month low. Investors should monitor the situation with caution, as there could be indications of softening on the horizon if the new Covid Variant has an impact on the economy. However, there is reason to believe most investor fears have been discounted into both the index and the stocks in the transport sector. The dry bulk industry has been strong all year, and some volatility is expected. Despite these potential headwinds, companies like DAC are still reaping the benefits of an optimistic outlook.



Source: Seeking Alpha Premium

With an overall A+ Valuation, Price to Book FWD and TTM is an A+, priced nearly 75% below the sector. In addition, 6.85 EV/EBITDA (TTM) and 9.16 EV/EBIT (TTM) are almost 50% below the sector. As you can see from the P/E figures below, DAC comes at a steal. In the words of fellow Seeking Alpha bull, Oakoff Investments, “(With) the rapid stock growth over the past year, I still recommend buying DAC at its current levels based on its intrinsic undervaluation and future growth prospects.”

Growth & Profitability
Despite its negative effect on most companies, global supply chain disruptions have positively impacted the shipping industry and Danaos. Even with the onset of the Omicron variant DAC’s services continue to be strong despite some of the declines seen in the Baltic Index. Friday, The Baltic Exchange posted its most significant weekly increase since mid-August, adding 1.8% to a one-month high of 3,171. Increasing demand and lack of available cargo vessels to satisfy the need will make DAC a strong stock pick. "We have achieved record EBITDA and net income. We have also expanded our charter catalogs, and now we have in excess of $2 billion of chartered backlog…the market dynamics are in our favor, as we'll continue to deliver the best results possible for our shareholders," John Coustas, CEO.

Source: Seeking Alpha Premium

DAC has demonstrated immense success with tremendous cash flow, a new dividend, and a large fleet of vessels with long-term leases. With a Q3 adjusted EBITDA increase of 79.6%, or $66.3 million, to $149.6 million from $83.3 million in the prior quarter, Danaos is bringing in the earnings.

Source: Seeking Alpha Premium

At Seeking Alpha, we emphasize looking for companies with strong fundamentals and attractive factor grades, which include earnings estimates and estimate revisions. Stocks that possess upward earnings revisions tend to have improving outlooks. Within the last 90 days, DAC has had three FY1 upward earnings revisions from analysts. This is a great sign of improving sentiment and a strong indication for potential growth and profits for DAC.

Source: Seeking Alpha Premium

In my opinion, the company has done very well in a difficult global environment and their income growth has shown the company’s success. As previously mentioned, the Baltic Dry Index plunged to a five-month low. In fact, Baltic Dry Futures dropped 44% from the Oct 7th high to their current level at 3171.00. For the same period, the stock only fell 8%. With that said, the stock declined 23% from its 52-week high. Notably, the declines in the index and the stock price could be an indicator market fears have been discounted. This could be a good entry point for the stock with the extreme decline of shipping rates baked into the stock price and analysts' revisions remaining to the upside. As Tim Huxley, CEO of Mandarin Shipping, said, “I’m afraid that this is actually going to end up translating into higher costs for consumers down the line and indeed shortages of some goods.” So long as the bottlenecks persist, consumer prices will likely continue to rise, and the demand for companies like DAC will profit.
 

shark2007

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Report

[FONT=var(--font-family-heading)]A Look Into Nordic American Tankers Debt[/FONT]

Over the past three months, shares of NORDIC AMERICAN TANKERS(NYSE:NAT) fell by 16.88%. Before having a look at the importance of debt, let us look at how much debt Nordic American Tankers has.
Nordic American Tankers's Debt

Based on Nordic American Tankers's balance sheet as of April 29, 2021, long-term debt is at $334.62 million and current debt is at $22.09 million, amounting to $356.71 million in total debt. Adjusted for $57.85 million in cash-equivalents, the company's net debt is at $298.86 million.
Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.
To understand the degree of financial leverage a company has, investors look at the debt ratio. Considering Nordic American Tankers's $974.35 million in total assets, the debt-ratio is at 0.37. Generally speaking, a debt-ratio more than one means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 35% might be higher for one industry and normal for another.
Importance Of Debt

Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.
Interest-payment obligations can impact the cash-flow of the company. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.
Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more.


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maxgardo

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Ciao Gino
io ho in portafoglio questa sudcoreana:
Zim Integrated Shipping Services NYSE: ZIM
Mi sembra avere numeri molto buoni, non ha però uno storico decente, sembrerebbe quotata da meno di 1 anno al nyse