매출 하락 → 마진 압박 → 현금 악화
Critical매출이 -19.7% 감소하며 영업이익률이 69.0%에서 47.8%로 하락했다. 영업현금흐름도 동반 감소하여 수익-현금 순환이 약화되고 있다.
Evidence
매출 YoY -19.7% (2023→2024)영업이익률 69.0%→47.8%영업CF 68→60
Performance Shipping
PSHG · Nasdaq$1.69-0.59%
2026-09-04 closePerformance Shipping last closed at $1.69 (-0.59%) on 2026-09-04. Listed on Nasdaq; price, financials and dividends update daily after market close.
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No active signal.
New high + volume — the real recordrecord · not a prediction
Last 30 sessions
277 picks
Next-day win rate
44.2%
Avg next-day
-0.28%
vs market
-0.51%p
Every new-high-plus-volume pick we actually published (US market) — not this stock alone.
Trade plan
Fill entry, stop, account size and risk percent to get a share count. The stop must sit below the entry.
A calculator · not advice or a guarantee
Financials & valuation at a glance
A-
Overall: 운송 20/78 · top 25%
Factor composite · relative position in sector
PER 0.48 · PBR 0.08 — own-history percentile 90/100 · 87/100
Open self-history band
PER90/100
PBR87/100
Factual information · not investment advice
Past reported results · not investment advice
More — deeper indicators
Financial safety
Reference indicatorAs of 2024Safe zoneFinancial-metric reference signal
Altman Z'' zoneZ'' 4.80
Distress
Grey
Safe
- Altman Z''
- 4.80
- Beneish M-Score
- -2.91
- Sloan accrual
- -4.89%
No statistical flag
부실·조작 위험을 나타내는 사실 지표입니다. 투자 조언이 아니며, 검증 전이라 참고용입니다.
Factual information, not investment advice.
Why has this company moved this way?
Auditable observations with the original numeric evidence.
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
6/9Moderate
Piotroski measures year-over-year financial improvement, not absolute quality.
Financial improvement score6/9
Profitability
- Positive ROAPass
- Positive OCFPass
- Improving ΔROANot passed
- Accruals (OCF > net income)Pass
Leverage & liquidity
- Lower debtPass
- Higher current ratioPass
- No new sharesPass
Efficiency
- Higher gross marginNot passed
- Higher asset turnoverNot passed
Calculation note: F7(신주)은 equity/asset 유지로 근사
Already-stable companies may score lower when year-over-year improvement is limited.
Factual information, not investment advice.
Forensic signals
Anomaly and structural signals observed in the financial statements.
Margin trendWarning
영업이익률 악화 (69.0% → 47.8%, -21.2%p). 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Factual information, not investment advice.
Industry structure
USAs of 2026-09-05운송
This stock is in 운송: revenue rank 61 of 73, share 0%.
61 / 730%revenue share
Who dominates this industry?
- 1United Parcel Service Class B14.2%
- 2Fedex13.7%
- 3Delta Air Lines9.6%
- 4United Airlines Holdings8.9%
- 5American Airlines Group8.4%
- 6Performance Shipping0%
Concentration
DistributedCR3 37.4%HHI and CR3 are separate industrial-organization facts; they are not the polarization verdict.
Polarization
MixedDivergent lensesPolarization measures industry gaps and structure, not valuation, forecast, or investment advice.
Margin lens
- IQR%p
- 5.28
- Direction
- 축소
- Level
- 좁음
- Years
- 7
Value lens
- P90/P10
- 21.7
- Median P/B
- 1.43
- Level
- 넓음
- n
- 64
Survivorship note: 현재 산업 멤버십을 과거 연도에 소급 적용 — 과거 진입·퇴출 기업 미반영(복원 불가)
Factual information, not investment advice.
Risk sensitivity — adverse assumptions
Metric changes under stated assumptions; not a forecast or investment advice.
Base metrics
- Operating margin
- 47.8%
- Interest coverage
- 32.5x
- Return on equity (ROE)
- 15.9%
Operating margin −5pp
TolerableInterest coverageBase 32.5x adverse case 29.1x
Return on equity (ROE)Base 15.9% adverse case 13.1%
Revenue −15%
TolerableInterest coverageBase 32.5x adverse case 27.6x
Return on equity (ROE)Base 15.9% adverse case 12.4%
Interest rate +2pp
TolerableInterest coverageBase 32.5x adverse case 17.5x
Return on equity (ROE)Base 15.9% adverse case 14.3%
Interest coverage limit
Current margin 46.3ppInterest coverage limit at an operating margin of 1.5%
Interest expense coverage threshold
Connections
AI-extracted related companies · for reference
Suppliers
ABSDNVLloyd's Register
Customers
Competitors
Same theme
해운주
Recent filings
Filings for overseas stocks are on the way. For now we cover Korean stocks only.
About Performance Shipping
- What technical signals does Performance Shipping (PSHG) have?
- Performance Shipping current technical signals: no active technical signal.
- Is Performance Shipping a cup-and-handle pattern?
- No. Performance Shipping has no valid cup-and-handle signal right now.
- What are Performance Shipping's financials and valuation?
- Performance Shipping's income statement, balance sheet and cash flow are free for the most recent 8 years; the full history is on Pro. PER/PBR, dividend yield and sector valuation bands are free.
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