Critical Survey: Baltic Trading (BALT) and Its Competitors

Baltic Trading (NYSE: BALT) 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 Baltic Trading to related companies based on the strength of its risk, profitability, institutional ownership, earnings, valuation, dividends and analyst recommendations.

Valuation & Earnings

This table compares Baltic Trading and its peers top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Baltic Trading N/A N/A -1.37
Baltic Trading Competitors $220.64 million -$76.22 million 18.43

Baltic Trading’s peers have higher revenue, but lower earnings than Baltic Trading. Baltic Trading 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.

Insider & Institutional Ownership

51.9% 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 insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Analyst Ratings

This is a breakdown of recent recommendations for Baltic Trading and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Baltic Trading 0 0 0 0 N/A
Baltic Trading Competitors 151 488 600 6 2.37

As a group, “Deep Sea Freight” companies have a potential upside of 22.63%. Given Baltic Trading’s peers higher probable upside, analysts plainly believe Baltic Trading has less favorable growth aspects than its peers.

Profitability

This table compares Baltic Trading and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Baltic Trading -613.08% -49.39% -30.66%
Baltic Trading Competitors -63.28% -14.87% -5.12%

Volatility and Risk

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 peers have a beta of 1.90, suggesting that their average stock price is 90% more volatile than the S&P 500.

Summary

Baltic Trading peers 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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