International Seaways: Intends To Grow Shareholder Value While Bringing Newbuilds Online
Summary
- Despite a 22.4% YoY decline in Q4 2024 shipping revenue, INSW is rated as a hold due to positive shareholder value creation in 2025.
- INSW's annual revenue fell 11.21% YoY to $951.62 million in FY 2024, but the company returned over $300 million to shareholders and declared a $0.70 Q1 2025 dividend.
- INSW's forward annual dividend yield is 15.45%, and the company plans a $50 million share buyback in 2025, potentially boosting the stock price.
- INSW's NAV/share is $37.69 against a current share price of $32.95, indicating slight undervaluation; however, TCE rates may face a significant downside in 2025.
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