Head to Head Analysis: DryShips (DRYS) and Its Peers
DryShips (NASDAQ: DRYS) is one of 25 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 companies based on the strength of its dividends, institutional ownership, earnings, analyst recommendations, profitability, valuation and risk.
Risk and Volatility
DryShips has a beta of 2.16, suggesting that its share price is 116% more volatile than the S&P 500. Comparatively, DryShips’ peers have a beta of 1.70, suggesting that their average share price is 70% more volatile than the S&P 500.
Insider and Institutional Ownership
1.3% of DryShips shares are held by institutional investors. Comparatively, 56.4% 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 company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
This is a breakdown of current ratings for DryShips and its peers, as provided 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 33.23%. Given DryShips’ peers higher possible upside, analysts plainly believe DryShips has less favorable growth aspects than its peers.
DryShips pays an annual dividend of $0.10 per share and has a dividend yield of 2.6%. 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 5.1% and pay out 0.0% of their earnings in the form of a dividend. DryShips lags its peers as a dividend stock, given its lower dividend yield and higher payout ratio.
Earnings and Valuation
This table compares DryShips and its peers revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|DryShips||$51.93 million||-$198.68 million||0.00|
|DryShips Competitors||$220.64 million||-$76.22 million||9.00|
DryShips’ peers have higher revenue and earnings than DryShips. DryShips is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
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 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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