Analyzing DryShips (DRYS) & The Competition
DryShips (NASDAQ: DRYS) is one of 26 publicly-traded companies in the “Deep Sea Freight” industry, but how does it weigh in compared to its peers? We will compare DryShips to similar businesses based on the strength of its earnings, analyst recommendations, profitability, institutional ownership, dividends, valuation and risk.
Volatility and Risk
DryShips has a beta of 1.88, meaning that its share price is 88% more volatile than the S&P 500. Comparatively, DryShips’ peers have a beta of 2.04, meaning that their average share price is 104% more volatile than the S&P 500.
This table compares DryShips and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
DryShips pays an annual dividend of $0.28 per share and has a dividend yield of 6.9%. DryShips pays out 0.0% of its earnings in the form of a dividend. As a group, “Deep Sea Freight” companies pay a dividend yield of 6.7% and pay out 0.0% of their earnings in the form of a dividend.
This is a summary of recent recommendations and price targets for DryShips and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
As a group, “Deep Sea Freight” companies have a potential upside of 27.54%. Given DryShips’ peers higher possible upside, analysts clearly believe DryShips has less favorable growth aspects than its peers.
Institutional & Insider Ownership
1.9% of DryShips shares are held by institutional investors. Comparatively, 56.3% of shares of all “Deep Sea Freight” companies are held by institutional investors. 4.1% of shares of all “Deep Sea Freight” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Earnings and Valuation
This table compares DryShips and its peers top-line revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|DryShips||$49.93 million||-$31.37 million||0.00|
|DryShips Competitors||$224.95 million||$96.25 million||-2.64|
DryShips’ peers have higher revenue and earnings than DryShips. DryShips is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
DryShips peers beat DryShips on 10 of the 11 factors compared.
DryShips, Inc. is a holding company. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries. Under its offshore support segment, the Company operates as a provider of offshore support services to the global offshore energy industry. The Offshore support segment operates a diversified fleet of offshore support vessels. It owns a fleet of approximately 20 Panamax drybulk carriers, which have a combined deadweight tonnage (dwt) of approximately 1.5 million dwt and an average age of approximately 10 years, and six offshore supply vessels, comprising over two platform supply and four oil spill recovery vessels, and have an average age of approximately 3.1 years.
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