International Seaways (INSW) AI Stock Analysis

• Market Cap: $2.53B
• Dividend Yield: 5.68%
• Average Volume (3M): 488.67K
• Price to Earnings (P/E): 11.6
• Beta (1Y): 0.66
• Revenue Growth: -23.59%
• EPS Growth: -57.70%
• Country: US
• Employees: 2,899
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 1.15
• Shares Outstanding: 49,394,530
• 10 Day Avg. Volume: 475,381
• 30 Day Avg. Volume: 488,668
• PEG Ratio: -0.17
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 1.86
• P/FCF Ratio: 6.76
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 3.48
• Enterprise Value/Gross Profit: 8.33
• Enterprise Value/Ebitda: 5.52
• 1Y Price Target: $58.00
• Price Target Upside: 12.38% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: $57.00 ▲(10.44% Upside)

International Seaways scores well due to its strong financial performance and attractive valuation. The positive earnings call further supports the stock's outlook, highlighting strategic initiatives and favorable market conditions. However, concerns about revenue decline and cash flow need to be addressed to sustain long-term growth.

Positive Factors

Fleet Renewal and Expansion

The fleet renewal strategy enhances operational efficiency and competitiveness, positioning the company for sustained growth in the tanker market.

Strong Liquidity and Balance Sheet

Robust liquidity and a low net loan-to-value ratio provide financial stability and flexibility, supporting strategic initiatives and resilience against market volatility.

Positive Market Conditions

Favorable market conditions for seaborne transportation indicate potential for revenue growth and sustained demand for the company's services.

Negative Factors

Revenue Decline

A substantial revenue decline may impact profitability and growth prospects if not addressed, highlighting the need for strategic adjustments.

Negative Free Cash Flow Growth

Declining free cash flow growth can strain financial resources, limiting the company's ability to invest in growth opportunities and manage debt.

Uncertainty in Oil Markets

Market uncertainties due to geopolitical factors can affect oil demand and shipping rates, posing risks to revenue stability and strategic planning.

International Seaways Business Overview & Revenue Model

Company Description

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. It operates in two segments, Crude Tankers and Product Carriers. As of December 31, 2021, the company owned and operated a fleet of 83 vessels, which include 12 chartered-in vessels, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York.

How the Company Makes Money

International Seaways generates revenue primarily through the transportation of crude oil and petroleum products on its fleet of tankers. The company operates under different revenue models, including time charters, spot market contracts, and bareboat charters. In a time charter arrangement, the company leases its vessels to customers for a specified period, ensuring a steady income stream. Spot market contracts allow the company to capitalize on fluctuating market rates, potentially leading to higher revenues during periods of increased demand. Additionally, partnerships with major oil companies and trading houses enhance its market presence and provide access to lucrative shipping contracts. The company's revenue is influenced by various factors, including global oil demand, shipping rates, and operational efficiency.

International Seaways Financial Statement Overview

Summary

International Seaways demonstrates strong profitability and efficient operations, with robust margins and a healthy return on equity. However, the significant revenue decline and negative free cash flow growth in the TTM period are areas of concern. The company maintains a balanced capital structure, but future performance will depend on reversing the revenue contraction and improving cash flow generation.

Income Statement

International Seaways has shown strong profitability with a high net profit margin of 29.88% in the TTM period, despite a significant revenue decline of 26.77%. The company has maintained healthy EBIT and EBITDA margins, indicating efficient operations. However, the recent revenue contraction is a concern and may impact future profitability if not addressed.

Balance Sheet

The company has a moderate debt-to-equity ratio of 0.30, reflecting a balanced approach to leveraging. Return on equity is solid at 12.73%, showcasing effective use of equity to generate profits. However, the equity ratio indicates that a significant portion of assets is financed by equity, which could limit flexibility in capital structure adjustments.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by 12.47%, which is concerning. However, the operating cash flow to net income ratio of 1.08 suggests that the company is generating sufficient cash from operations to cover its net income. The free cash flow to net income ratio of 0.78 indicates a strong cash conversion, although the recent decline in free cash flow growth needs monitoring.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	770.04M	951.61M	1.07B	864.66M	272.55M	421.65M
Gross Profit	321.41M	478.16M	627.54M	470.52M	-37.80M	169.18M
EBITDA	484.59M	614.78M	755.12M	556.09M	-9.57M	105.53M
Net Income	217.58M	416.72M	556.45M	387.89M	-133.49M	-5.53M
Balance Sheet
Total Assets	2.79B	2.64B	2.52B	2.62B	2.35B	1.59B
Cash, Cash Equivalents and Short-Term Investments	413.57M	157.51M	186.76M	323.74M	97.88M	199.39M
Total Debt	803.84M	711.74M	744.53M	1.07B	1.13B	554.93M
Total Liabilities	855.79M	780.35M	805.06M	1.13B	1.18B	614.50M
Stockholders Equity	1.93B	1.86B	1.72B	1.49B	1.17B	972.04M
Cash Flow
Free Cash Flow	70.79M	261.96M	481.77M	171.12M	-155.21M	165.58M
Operating Cash Flow	327.67M	547.14M	688.40M	287.80M	-76.19M	216.14M
Investing Cash Flow	7.55M	-155.02M	-124.27M	42.80M	133.29M	32.37M
Financing Cash Flow	-25.96M	-361.38M	-681.12M	-185.79M	-173.84M	-183.07M

International Seaways Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 51.61
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INSW, the sentiment is Neutral. The current price of 51.61 is below the 20-day moving average (MA) of 53.08, above the 50-day MA of 49.60, and above the 200-day MA of 40.65, indicating a neutral trend. The MACD of 0.41 indicates Positive momentum. The RSI at 49.18 is Neutral, neither overbought nor oversold. The STOCH value of 23.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for INSW.

International Seaways Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STNG	75 Outperform	$2.89B	9.10	9.63%	2.92%	-35.37%	-57.86%
INSW	72 Outperform	$2.53B	11.64	11.43%	5.68%	-23.59%	-57.70%
DHT	72 Outperform	$2.05B	10.26	18.81%	5.79%	-16.45%	23.94%
FRO	70 Neutral	$5.20B	23.89	9.32%	4.59%	-13.41%	-60.18%
TNK	68 Neutral	$1.91B	6.13	17.02%	3.62%	-20.11%	-26.44%
LPG	66 Neutral	$1.06B	11.13	8.81%	12.77%	-27.21%	-62.22%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

International Seaways Corporate Events

International Seaways Reports Strong Q3 2025 Financial Results

International Seaways reported a net income of $71 million for the third quarter of 2025, with significant developments in their fleet optimization program, including the delivery of new vessels and the sale of older ones. The company also declared a dividend of $0.86 per share for the fourth quarter and extended its share repurchase program. The company successfully issued $250 million in bonds to enhance financial flexibility and repay existing debt, reflecting a strong balance sheet and ongoing commitment to shareholder returns.

International Seaways Amends Credit Agreements for Redomiciliation

On October 7, 2025, International Seaways, Inc. and its subsidiaries entered into amendments to their credit agreements, allowing the redomiciliation of certain vessel-owning entities and intermediate holding companies from the Marshall Islands and Liberia to Bermuda. This strategic move, expected to be completed by the end of the fourth quarter of 2025, aims to enhance the company’s strategic flexibility while maintaining operational and tax efficiency, with estimated legal and administrative costs between three and five million dollars.

International Seaways Issues $250M Bonds for VLCCs

On September 23, 2025, International Seaways, Inc. issued $250 million in senior unsecured bonds due 2030, bearing an interest rate of 7.125% per year. These bonds, which are to be listed on the Oslo Stock Exchange, will be used to finance the repurchase of six VLCCs and for general corporate purposes. The bonds include financial covenants and restrictions, and offer redemption options under specific conditions, impacting the company’s financial strategy and market operations.

International Seaways Prices $250M Senior Unsecured Bonds

On September 9, 2025, International Seaways, Inc. announced the successful pricing of $250 million in senior unsecured bonds, set to mature in September 2030, with a fixed interest rate of 7.125% per annum. The proceeds from this bond issuance are intended for refinancing an existing sale-and-leaseback agreement and general corporate purposes, with the bonds being offered in the Nordic market and expected to be listed on the Oslo Stock Exchange.