International Seaways Inc. Common Stock (INSW)

FairStock Score: 81/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach International Seaways as a cyclical shipping business, not a consumer franchise. It owns and operates crude and product tankers, and its earnings are tied to a market it does not control. The latest filed results are spectacular: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $467.3M and net income was $294.9M, with diluted EPS of $5.91, compared with revenue of $195.6M and net income of $61.6M in fiscal Q2 2025. But the annual record is less comforting. FY2023 revenue was $1.1B, net income $556.4M and diluted EPS $11.25; FY2024 revenue was $951.6M, net income $416.7M and diluted EPS $8.38; FY2025 revenue was $843.3M, net income $309.3M and diluted EPS $6.23. FairStock’s Lynch category calls it a SLOW GROWER — Shrinking, with profit down 7.3% a year over three years and revenue down 0.8%. The balance sheet is decent: D/E 0.29, Altman Z-Score 6.03, ROCE 15.76%, ROE 37.41%, but Piotroski is only 4/9. At the 2026-10-13 close of $125.04, FairStock shows P/E 7.99, P/B 2.73, EV/EBITDA 6.81, FCF yield 4.3%, dividend yield 7.36%, Graham Number $126.88 and margin of safety 1.45%. A low multiple on peak cyclical earnings is not the same as cheap. The moat is thin because ships are largely commodities. I would want a larger discount to asset value or normalized earning power before calling it a bargain.

In plain English: International Seaways owns and operates tanker ships that move crude oil and petroleum products around the world. Recent quarterly results have been very strong, but annual revenue and profits have fallen from earlier peaks, so the business is highly cyclical. At the recent price near $125, the shares look roughly fair compared with the company’s earnings and stated value, with a high dividend but modest cash generation relative to its market value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer