Financhill
Buy
58

SHIP Quote, Financials, Valuation and Earnings

Last price:
$9.24
Seasonality move :
-0.24%
Day range:
$9.23 - $9.38
52-week range:
$4.78 - $11.15
Dividend yield:
3.58%
P/E ratio:
12.69x
P/S ratio:
1.25x
P/B ratio:
0.72x
Volume:
98.7K
Avg. volume:
204.8K
1-year change:
32.81%
Market cap:
$194.9M
Revenue:
$167.5M
EPS (TTM):
$0.73
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue $63.3M $153.1M $125M $110.2M $167.5M
Revenue Growth (YoY) -26.77% 141.71% -18.35% -11.83% 51.91%
 
Cost of Revenues $57M $72.7M $76.1M $73.9M $80M
Gross Profit $6.3M $80.4M $48.9M $36.3M $87.5M
Gross Profit Margin 10.01% 52.49% 39.1% 32.92% 52.24%
 
R&D Expenses -- -- -- -- --
Selling, General & Admin $6.6M $13.7M $17.4M $22.1M $24M
Other Inc / (Exp) $4.1M -$6.2M $1.1M $7.1M -$772K
Operating Expenses $6.6M $15.2M $18.8M $22.8M $24.7M
Operating Income -$268K $65.2M $30.1M $13.4M $62.8M
 
Net Interest Expenses $23.4M $17.8M $15.3M $20.7M $20.6M
EBT. Incl. Unusual Items -$18.4M $41.3M $17.2M $2.3M $43.5M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -$28K -- --
Net Income to Company -$18.4M $41.3M $17.2M $2.3M $43.5M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$18.4M $41.3M $17.2M $2.3M $42.5M
 
Basic EPS (Cont. Ops) -$5.49 $2.70 $0.99 $0.12 $2.12
Diluted EPS (Cont. Ops) -$5.49 $2.50 $0.96 $0.12 $2.11
Weighted Average Basic Share $3.3M $15.3M $17.4M $18.4M $19.7M
Weighted Average Diluted Share $3.3M $19.1M $17.7M $18.4M $19.9M
 
EBITDA $14.8M $85.1M $58.4M $42.3M $92.4M
EBIT -$268K $65.2M $30.1M $13.4M $62.8M
 
Revenue (Reported) $63.3M $153.1M $125M $110.2M $167.5M
Operating Income (Reported) -$268K $65.2M $30.1M $13.4M $62.8M
Operating Income (Adjusted) -$268K $65.2M $30.1M $13.4M $62.8M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $48.2M $34M $24.5M $44.4M $47M
Revenue Growth (YoY) 145.17% -29.47% -28.04% 81.4% 5.94%
 
Cost of Revenues $19.4M $20.6M $18.2M $19.8M $26.1M
Gross Profit $28.7M $13.4M $6.3M $24.5M $20.9M
Gross Profit Margin 59.65% 39.48% 25.72% 55.3% 44.53%
 
R&D Expenses -- -- -- -- --
Selling, General & Admin $4.4M $4.5M $6.1M $6.6M $4.6M
Other Inc / (Exp) $706K $2.5M -$8K -$156K --
Operating Expenses $4.8M $4.8M $6.3M $6.8M $4.9M
Operating Income $23.9M $8.6M $25K $17.8M $16M
 
Net Interest Expenses $4.6M $3.9M $5.1M $5.4M $5.6M
EBT. Incl. Unusual Items $20.1M $7.1M -$5M $12.5M $12.8M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -- -- -- -- --
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $20.1M $7.1M -$5M $12.5M $12.4M
 
Basic EPS (Cont. Ops) $1.20 $0.41 -$0.28 $0.64 $0.61
Diluted EPS (Cont. Ops) $0.97 $0.40 -$0.28 $0.63 $0.61
Weighted Average Basic Share $16.7M $17.6M $18.1M $19.6M $20.5M
Weighted Average Diluted Share $20.6M $17.9M $18.1M $19.8M $20.6M
 
EBITDA $29.4M $16.1M $7.1M $25.4M $25.4M
EBIT $23.9M $8.6M $25K $17.8M $16M
 
Revenue (Reported) $48.2M $34M $24.5M $44.4M $47M
Operating Income (Reported) $23.9M $8.6M $25K $17.8M $16M
Operating Income (Adjusted) $23.9M $8.6M $25K $17.8M $16M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $117.7M $153.2M $99.3M $165.2M $150.4M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $67.5M $76.9M $73.9M $77M $93.9M
Gross Profit $50.2M $76.3M $25.4M $88.3M $56.5M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin $11.6M $17.1M $21.2M $20.9M $22.1M
Other Inc / (Exp) -$1.7M -$5.6M $7.1M -$1M --
Operating Expenses $12.9M $18.6M $22M $21.6M $23.1M
Operating Income $37.3M $57.7M $3.4M $66.7M $33.4M
 
Net Interest Expenses $19.5M $14.9M $19.6M $20.3M $22M
EBT. Incl. Unusual Items $18.4M $37.4M -$8.1M $47.7M $15.4M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -$28K -- -- --
Net Income to Company -- -- -- -- --
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $18.4M $37.4M -$8.1M $45.5M $15.1M
 
Basic EPS (Cont. Ops) $0.87 $2.16 -$0.46 $2.34 $0.73
Diluted EPS (Cont. Ops) $0.63 $1.90 -$0.46 $2.32 $0.73
Weighted Average Basic Share
Weighted Average Diluted Share
 
EBITDA $55M $84.6M $32.2M $95.8M $68.3M
EBIT $37.3M $57.7M $3.4M $66.7M $33.4M
 
Revenue (Reported) $117.7M $153.2M $99.3M $165.2M $150.4M
Operating Income (Reported) $37.3M $57.7M $3.4M $66.7M $33.4M
Operating Income (Adjusted) $37.3M $57.7M $3.4M $66.7M $33.4M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $96.4M $96.5M $70.8M $125.8M $108.7M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $52.8M $57M $54.7M $57.8M $71.6M
Gross Profit $43.6M $39.5M $16.1M $68M $37M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin $9.7M $13M $16.8M $15.5M $13.6M
Other Inc / (Exp) -$674K $1.3M $7.3M -$852K -$65K
Operating Expenses $10.7M $14.1M $17.3M $16.1M $14.5M
Operating Income $32.9M $25.4M -$1.3M $52M $22.6M
 
Net Interest Expenses $12.9M $10.1M $15.6M $15.1M $16.5M
EBT. Incl. Unusual Items $20.7M $16.7M -$8.5M $36.8M $8.8M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -$28K -- -- --
Net Income to Company -- -- -- -- --
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $20.7M $16.7M -$8.6M $35M $8.5M
 
Basic EPS (Cont. Ops) $1.21 $0.95 -$0.48 $1.79 $0.41
Diluted EPS (Cont. Ops) $0.97 $0.90 -$0.48 $1.77 $0.41
Weighted Average Basic Share $44.2M $52.6M $55.7M $58.7M $61M
Weighted Average Diluted Share $49.5M $53.5M $55.7M $59.1M $61.2M
 
EBITDA $46.7M $46.2M $20M $73.5M $49.4M
EBIT $32.9M $25.4M -$1.3M $52M $22.6M
 
Revenue (Reported) $96.4M $96.5M $70.8M $125.8M $108.7M
Operating Income (Reported) $32.9M $25.4M -$1.3M $52M $22.6M
Operating Income (Adjusted) $32.9M $25.4M -$1.3M $52M $22.6M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $22.7M $44.2M $27.7M $19.4M $29.9M
Short Term Investments $1.6M $1.5M -- -- --
Accounts Receivable, Net $801K -- $720K $896K $404K
Inventory $4.7M $1.4M $2M $1.6M $1.7M
Prepaid Expenses $1.1M $1.1M $1.1M $1.2M $3.5M
Other Current Assets $674K $434K $1.1M $1.7M $3.1M
Total Current Assets $29.9M $47.2M $61.6M $25.1M $45.9M
 
Property Plant And Equipment $258M $427.1M $435M $440.9M $488.7M
Long-Term Investments $990K $3M $4.8M $5.5M $5M
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets $1M $3M $4.8M $5.5M $5M
Total Assets $295.2M $487.2M $513.6M $477.9M $545.9M
 
Accounts Payable $3.7M $5.8M $7.8M $5.5M $7.1M
Accrued Expenses $3M $5.2M $8.4M $7.7M $9.6M
Current Portion Of Long-Term Debt $19.4M $69.2M $58.9M $31.8M $37.4M
Current Portion Of Capital Lease Obligations $140K $121K $108K $21.9M $93K
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $30.8M $88M $94.7M $69.5M $61.6M
 
Long-Term Debt $165.6M $154M $197.2M $179.3M $220.4M
Capital Leases -- -- -- -- --
Total Liabilities $199.6M $242.7M $291.9M $249.4M $283.7M
 
Common Stock $7K $17K $2K $2K $2K
Other Common Equity Adj -- -- -- -- --
Common Equity $95.7M $244.5M $221.7M $228.4M $262.2M
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $95.7M $244.5M $221.7M $228.4M $262.2M
 
Total Liabilities and Equity $295.2M $487.2M $513.6M $477.9M $545.9M
Cash and Short Terms $22.7M $44.2M $27.7M $19.4M $29.9M
Total Debt $185M $223.3M $243.1M $232.9M $257.8M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Cash and Equivalents -- $25.6M $22M $41.3M $36.8M
Short Term Investments -- -- -- -- --
Accounts Receivable, Net -- -- -- -- --
Inventory -- -- -- -- --
Prepaid Expenses -- -- -- -- --
Other Current Assets -- -- $499K -- --
Total Current Assets $52.6M $25.6M $22M $41.3M $36.8M
 
Property Plant And Equipment $396.8M $436.1M $416.5M $462.9M $513.7M
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets $15.7M $27.6M $9M $23.4M --
Total Assets $465.1M $489.2M $455.7M $527.6M $586.2M
 
Accounts Payable -- -- -- -- --
Accrued Expenses -- -- $6.6M -- --
Current Portion Of Long-Term Debt -- -- $36.3M -- --
Current Portion Of Capital Lease Obligations -- -- $102K -- --
Other Current Liabilities -- -- $491K -- --
Total Current Liabilities -- -- -- -- --
 
Long-Term Debt $221.9M $243.5M $223.3M $238.1M $287.5M
Capital Leases -- -- -- -- --
Total Liabilities $242.8M $263.8M $237.8M $265M $314.9M
 
Common Stock -- -- -- -- --
Other Common Equity Adj -- -- -- -- --
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $222.3M $225.5M $217.8M $262.6M $271.3M
 
Total Liabilities and Equity $465.1M $489.2M $455.7M $527.6M $586.2M
Cash and Short Terms -- $25.6M $22M $41.3M $36.8M
Total Debt $221.9M $243.5M $223.3M $238.1M $287.5M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders -$18.4M $41.3M $17.2M $2.3M $43.5M
Depreciation & Amoritzation $15M $19.9M $28.3M $28.8M $29.7M
Stock-Based Compensation $869K $5.1M $7.2M $9.1M $5M
Change in Accounts Receivable $962K $801K -$839K -$176K $492K
Change in Inventories -$788K $3.2M -$840K $219K -$135K
Cash From Operations -$13.4M $80.8M $37.3M $31.3M $75.3M
 
Capital Expenditures $20.3M $197.3M $70.5M $490K $74.4M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$21.9M -$184.6M -$57.8M $17.7M -$79.4M
 
Dividends Paid (Ex Special Dividend) -- -- $17.9M $6M $10.8M
Special Dividend Paid
Long-Term Debt Issued $22.5M $180.3M $124.8M $53.8M $120.8M
Long-Term Debt Repaid -$53.5M -$146M -$99.7M -$100.5M -$94.8M
Repurchase of Common Stock -- $1.7M -- $2.5M $4.9M
Other Financing Activities -$3.6M -$2.7M -$1.4M -$1.3M -$2.1M
Cash From Financing $42.7M $127.4M $5.8M -$56.6M $14.1M
 
Beginning Cash (CF) $21.1M $42.7M $27.7M $19.4M $29.9M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $7.5M $23.6M -$14.6M -$7.5M $10M
Ending Cash (CF) $28.6M $66.3M $13M $11.9M $39.9M
 
Levered Free Cash Flow -$33.6M -$116.6M -$33.2M $30.8M $927K
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -- -- -- -- --
Depreciation & Amoritzation -- -- -- -- --
Stock-Based Compensation -- -- -- -- --
Change in Accounts Receivable -- -- -- -- --
Change in Inventories -- -- -- -- --
Cash From Operations -- $8.9M $9.5M $21.1M $10.1M
 
Capital Expenditures -- $72.5K $3.5M $7.9M -$704.3K
Cash Acquisitions -- -- -- -- --
Cash From Investing -- -$9.7M -$21.7K -$3.1M $23.2M
 
Dividends Paid (Ex Special Dividend) -- $3.9M $492K $3.2M $1.1M
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued $44.1M -- -- -- --
Long-Term Debt Repaid -$43.7M -$9.9M -$8.5M -$9.8M --
Repurchase of Common Stock -- -- -$23.9K $1M --
Other Financing Activities $135.2M -$85K -$36K -$893K --
Cash From Financing -- -$14M -$9.9M -$14.7M -$21.5M
 
Beginning Cash (CF) -- $25.6M $22M $41.3M $36.8M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -- -$14.7M -$405.2K $3.3M $11.9M
Ending Cash (CF) -- $10.8M $21.6M $44.6M $48.7M
 
Levered Free Cash Flow -- $8.8M $6M $13.3M $10.8M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -- -- -- -- --
Depreciation & Amoritzation -- -- -- -- --
Stock-Based Compensation -- -- -- -- --
Change in Accounts Receivable -- -- -- -- --
Change in Inventories -- -- -- -- --
Cash From Operations -- -- $20M $76M $45.2M
 
Capital Expenditures -- $36.4M $35.5M $38.7M $67.3M
Cash Acquisitions -- -- -- -- --
Cash From Investing -- -- $10.1M -$45.9M -$58.4M
 
Dividends Paid (Ex Special Dividend) -- -- $10.4M $6.1M $13.8M
Special Dividend Paid
Long-Term Debt Issued -- $112.2M -- $58.3M --
Long-Term Debt Repaid -- -$103.3M -$119.3M -$64.6M --
Repurchase of Common Stock -- -- $1.6M $3.6M $2M
Other Financing Activities -- -$137.8M -- -- --
Cash From Financing -- -- -$35.8M -$10.6M $8.4M
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -- -- -$5.8M $19.5M -$4.7M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow -- -- -$15.5M $37.4M -$22M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -- -- -- -- --
Depreciation & Amoritzation -- -- -- -- --
Stock-Based Compensation -- -- -- -- --
Change in Accounts Receivable -- -- -- -- --
Change in Inventories -- -- -- -- --
Cash From Operations -- $27.4M $11.1M $56M $27M
 
Capital Expenditures -- $36.4M $3.5M $42M $36M
Cash Acquisitions -- -- -- -- --
Cash From Investing -- -$44.6M $21.6M -$42M -$22.1M
 
Dividends Paid (Ex Special Dividend) -- $12.6M $5.6M $5.7M $8.8M
Special Dividend Paid -- $250K -- $200K --
Long-Term Debt Issued $148.5M $80.3M $53.8M $58.3M $88.1M
Long-Term Debt Repaid -$110.5M -$67.8M -$87.4M -$51.5M -$50M
Repurchase of Common Stock -- -- $1.6M $2.7M --
Other Financing Activities $134.1M -$1M -$1.3M -$1.8M -$719K
Cash From Financing -- -$1.7M -$43.2M $2.5M -$2.9M
 
Beginning Cash (CF) $114.4M $101.2M $59.5M $98.2M $87.6M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -- -$18.9M -$10.5M $16.5M $2M
Ending Cash (CF) -- $82.3M $49M $114.8M $89.6M
 
Levered Free Cash Flow -- -$9.1M $7.6M $14M -$9M

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