Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Pyxis Tankers Inc. (PXS)

Company Dividend Discount ModelIndustry: Marine ShippingSector: Industrials

Valuation Snapshot

Stable Growth$0.73 - $2.67$1.22
Multi-Stage$0.59 - $0.65$0.62
Blended Fair Value$0.92
Current Price$2.82
Upside-67.32%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.720.000.000.000.010.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%-100.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--21.11%0.00%0.00%0.00%0.16%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)0.27
(-) Cash Dividends Paid (M)0.18
(=) Cash Retained (M)0.09
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.050.030.02
Cash Retained (M)0.090.090.09
(-) Cash Required (M)-0.05-0.03-0.02
(=) Excess Retained (M)0.040.060.07
(/) Shares Outstanding (M)10.4710.4710.47
(=) Excess Retained per Share0.000.010.01
LTM Dividend per Share0.020.020.02
(+) Excess Retained per Share0.000.010.01
(=) Adjusted Dividend0.020.020.02
WACC / Discount Rate7.34%7.34%7.34%
Growth Rate4.38%5.38%6.38%
Fair Value$0.73$1.22$2.67
Upside / Downside-73.99%-56.59%-5.27%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)0.270.290.300.320.340.350.36
Payout Ratio66.98%71.58%76.19%80.79%85.40%90.00%92.50%
Projected Dividends (M)0.180.210.230.260.290.320.34

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.34%7.34%7.34%
Growth Rate4.38%5.38%6.38%
Year 1 PV (M)0.190.190.19
Year 2 PV (M)0.200.200.20
Year 3 PV (M)0.200.210.21
Year 4 PV (M)0.210.220.22
Year 5 PV (M)0.210.220.23
PV of Terminal Value (M)5.195.455.71
Equity Value (M)6.206.486.78
Shares Outstanding (M)10.4710.4710.47
Fair Value$0.59$0.62$0.65
Upside / Downside-79.00%-78.04%-77.05%

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