Added to YB: 2024-12-16
Pitch date: 2024-10-29
INSW [bullish]
International Seaways, Inc.
+22.87%
current return
Author Info
No bio for this author
Company Info
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade.
Market Cap
$2.7B
Pitch Price
$39.51
Price Target
N/A
Dividend
5.43%
EV/EBITDA
7.96
P/E
12.30
EV/Sales
3.97
Sector
Oil, Gas and Consumable Fuels
Category
value
International Seaways, Inc. - $INSW
INSW: Attractive tanker co at 66% NAV, 72% GAV. Strong fundamentals: low backlog, aging fleet, growing ton-mile demand. Risks: geopolitics (Russia sanctions, Houthis). Low leverage, $682M liquidity. John Frederiksen 16.9% stake. Catalysts: improved rates, stable vessel values, potential FRO acquisition.
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