Critical Review: Baltic Trading (BALT) and Its Peers
Baltic Trading (NYSE: BALT) is one of 25 publicly-traded companies in the “Deep Sea Freight” industry, but how does it contrast to its competitors? We will compare Baltic Trading to related companies based on the strength of its earnings, dividends, institutional ownership, analyst recommendations, valuation, profitability and risk.
Risk & Volatility
Baltic Trading has a beta of 1.33, suggesting that its stock price is 33% more volatile than the S&P 500. Comparatively, Baltic Trading’s competitors have a beta of 1.90, suggesting that their average stock price is 90% more volatile than the S&P 500.
This table compares Baltic Trading and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Baltic Trading Competitors||-62.04%||-14.79%||-5.07%|
This is a summary of recent recommendations for Baltic Trading and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Baltic Trading Competitors||151||488||600||6||2.37|
As a group, “Deep Sea Freight” companies have a potential upside of 27.47%. Given Baltic Trading’s competitors higher possible upside, analysts clearly believe Baltic Trading has less favorable growth aspects than its competitors.
Valuation and Earnings
This table compares Baltic Trading and its competitors gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Baltic Trading Competitors||$220.64 million||-$76.22 million||18.28|
Baltic Trading’s competitors have higher revenue, but lower earnings than Baltic Trading. Baltic Trading is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Insider and Institutional Ownership
51.9% of shares of all “Deep Sea Freight” companies are owned by institutional investors. 4.1% of shares of all “Deep Sea Freight” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Baltic Trading competitors beat Baltic Trading on 8 of the 8 factors compared.
Baltic Trading Company Profile
Baltic Trading Limited is a shipping business focused on the drybulk industry spot market. The Company’s fleet consists of four Capesize vessels, two Ultramax vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,221,000 deadweight tons. Its fleet contains six groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes around the world. It operates its vessels on spot market-related time charters, short-term time charters or in vessel pools trading in the spot market. Genco Shipping & Trading Limited (Genco) serves as the Company’s manager. Genco provides it with commercial and strategic management of its fleet.
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