Estados financieros detallados de Diana Shipping Inc. (DSX): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Diana Shipping Inc. registró ingresos de $213.5M en el último ejercicio fiscal, con un CAGR de 5 años del 4.7%.
Márgenes de los últimos 12 meses: margen bruto 34.5%, margen operativo 18.2%, margen neto 27.9%. El flujo de caja libre creció a un CAGR del 33.3% en 5 años.
Al precio actual de $2.99, DSX cotiza a un P/E de 6.14 y un ROE del 11.56%. La capitalización bursátil es de $369M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $114.3M | $161.9M | $226.2M | $220.7M | $169.7M | $214.2M | $290.0M | $262.1M | $228.2M | $213.5M |
| Coste de Ventas | $181.4M | $186.0M | $155.1M | $153.0M | $142.4M | $120.8M | $122.3M | $148.9M | $140.9M | $139.2M |
| Beneficio Bruto | -$67.1M | -$24.1M | $71.1M | $67.7M | $27.4M | $93.4M | $167.7M | $113.2M | $87.3M | $74.4M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $27.0M | $28.2M | $31.9M | $28.6M | $32.8M | $29.2M | $29.4M | $33.0M | $33.4M | $34.1M |
| Gastos Operativos | $21.2M | $459.9M | $32.8M | $50.1M | $140.0M | $31.2M | $29.6M | $32.8M | $34.3M | $35.8M |
| Beneficio Operativo | -$88.3M | -$484.0M | $38.2M | $17.6M | -$112.7M | $62.2M | $138.1M | $80.4M | $53.0M | $38.5M |
| EBITDA | -$144.7M | -$486.7M | $44.9M | $17.4M | -$114.0M | $75.5M | $143.8M | $96.2M | $57.5M | $58.4M |
| Gastos por Intereses | $19.5M | $25.0M | $28.3M | $28.0M | $22.1M | $22.7M | $24.7M | $49.3M | $44.7M | $40.6M |
| Beneficio Antes de Impuestos | -$164.2M | -$511.7M | $16.6M | -$10.5M | -$134.2M | $57.4M | $119.1M | $49.8M | $12.7M | $17.8M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$164.2M | -$511.7M | $16.6M | -$10.5M | -$134.2M | $57.4M | $119.1M | $49.8M | $12.7M | $17.8M |
| BPA | $-2.04 | $-5.35 | $0.65 | $-0.17 | $-1.62 | $0.64 | $1.42 | $0.44 | $0.06 | $0.11 |
| BPA Diluido | $-2.04 | $-5.35 | $0.64 | $-0.17 | $-1.62 | $0.61 | $1.36 | $0.43 | $0.06 | $0.11 |
| Acciones en Circulación (Diluidas) | $80.4M | $95.7M | $104.7M | $95.2M | $86.1M | $84.9M | $83.3M | $101.9M | $118.7M | $110.5M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $51.9M | $52.1M | $54.7M | $57.3M |
| Beneficio Bruto | $17.0M | $16.6M | $20.2M | $20.8M |
| Beneficio Operativo | $8.7M | $7.3M | $11.3M | $12.1M |
| EBITDA | $17.9M | $11.2M | $39.0M | $30.4M |
| Beneficio Neto | $7.2M | $3.1M | $29.1M | $20.8M |
| BPA | $0.05 | $0.02 | $0.25 | $0.17 |
| BPA Diluido | $0.05 | $0.02 | $0.25 | $0.17 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $98.1M | $40.2M | $126.8M | $107.3M | $82.9M | $126.8M | $76.4M | $101.6M | $124.7M | $122.3M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | $46.5M | $60.7M | $63.5M | $118.2M |
| Cuentas por Cobrar | $6.0M | $87.6M | $2.9M | $7.9M | $6.4M | $3.8M | $6.3M | $6.0M | $6.8M | 0 |
| Inventario | $5.9M | $5.8M | $5.8M | $5.5M | $4.7M | $6.1M | $4.5M | $5.1M | $4.2M | 0 |
| Activos Corrientes | $115.3M | $138.8M | $142.0M | $137.0M | $124.7M | $142.4M | $161.6M | $182.2M | $206.6M | $262.9M |
| Inmovilizado Material | $1.47B | $1.08B | $1.01B | $904.4M | $737.9M | $682.6M | $996.7M | $924.5M | $880.1M | $826.7M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $1.67B | $1.25B | $1.19B | $1.07B | $872.4M | $842.2M | $1.18B | $1.17B | $1.17B | $1.17B |
| Cuentas por Pagar | $6.6M | $8.0M | $11.1M | $11.4M | $8.6M | $9.8M | $11.2M | $9.7M | $9.0M | 0 |
| Deuda a Corto | $65.1M | $60.8M | $96.4M | $40.2M | $39.2M | $41.1M | $100.3M | $58.7M | $54.9M | 0 |
| Pasivos Corrientes | $78.2M | $80.4M | $125.2M | $65.5M | $61.6M | $65.1M | $131.6M | $85.1M | $80.2M | 0 |
| Deuda a Largo | $533.1M | $540.6M | $434.1M | $434.7M | $381.1M | $382.5M | $431.0M | $461.1M | $469.4M | $636.1M |
| Pasivos Totales | $612.1M | $622.0M | $560.1M | $501.2M | $443.8M | $448.8M | $695.6M | $677.4M | $666.0M | $667.8M |
| Reservas | $70.4M | -$447.1M | -$436.3M | -$452.6M | -$592.6M | -$590.3M | -$575.0M | -$613.9M | -$635.9M | 0 |
| Patrimonio Neto | $1.06B | $624.8M | $627.7M | $570.1M | $428.6M | $393.4M | $487.3M | $489.0M | $505.1M | $502.4M |
| Deuda Total | $598.2M | $601.4M | $530.5M | $475.0M | $420.3M | $423.7M | $663.4M | $642.8M | $637.5M | $636.1M |
| Deuda Neta | $500.0M | $561.2M | $403.7M | $367.7M | $337.4M | $296.9M | $540.5M | $480.5M | $449.4M | $395.7M |
| Capital Circulante | $37.1M | $58.3M | $16.8M | $71.6M | $63.1M | $77.2M | $30.0M | $97.1M | $126.4M | $262.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $93.9M | $122.3M | $124.5M | $117.9M |
| Activos Totales | $1.18B | $1.17B | $1.19B | $1.20B |
| Pasivos Totales | $684.1M | $667.8M | $658.9M | $643.9M |
| Patrimonio Neto | $499.7M | $502.4M | $529.9M | $551.5M |
| Deuda Total | $651.1M | $636.1M | $621.1M | $606.1M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$164.2M | -$511.7M | $16.6M | -$10.5M | -$134.2M | $57.4M | $119.1M | $49.8M | $12.7M | $17.8M |
| Amortizaciones | $81.6M | $87.0M | $52.2M | $48.9M | $43.0M | $40.5M | $43.3M | $49.8M | $44.7M | $46.5M |
| Compensación en Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | -$4.2M | $1.3M | $5.5M | -$18.9M | -$9.3M | -$2.4M | -$11.4M | -$31.2M | $12.6M | -$13.9M |
| Flujo de Caja Operativo | -$20.9M | $23.4M | $77.1M | $49.5M | $16.7M | $82.1M | $155.6M | $68.7M | $78.3M | $47.5M |
| Inversiones (CapEx) | -$51.1M | -$125.9M | -$2.8M | -$2.9M | -$6.1M | -$19.0M | -$231.0M | -$31.7M | -$24.2M | -$3.2M |
| Adquisiciones | $9.4M | $2.0M | $14.6M | $41.3M | $15.6M | $32.7M | $4.4M | $35.8M | $35.2M | $23.0M |
| Recompra de Acciones | 0 | 0 | -$15.2M | -$49.7M | -$12.0M | -$45.4M | -$3.8M | 0 | 0 | -$23.0M |
| Dividendos Pagados | -$5.8M | -$5.8M | -$5.8M | -$5.8M | -$5.8M | -$14.6M | -$85.6M | -$47.2M | -$34.8M | -$10.4M |
| Flujo de Caja Libre | -$72.0M | -$102.5M | $74.3M | $46.6M | $10.5M | $63.1M | -$75.4M | $36.9M | $54.1M | $44.3M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $42.0M | $6.9M | $20.3M | 0 |
| Inversiones (CapEx) | -$42.0M | -$6.9M | -$20.3M | 0 |
| Flujo de Caja Libre | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | 0 | $3.9M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +41.7% | +39.7% | -2.4% | -23.1% | +26.2% | +35.4% | -9.6% | -12.9% | -6.4% |
| Crecimiento Beneficio Neto (anual) | | -211.6% | +103.2% | -163.5% | -1173.8% | +142.8% | +107.4% | -58.1% | -74.4% | +39.9% |
| Crecimiento BPA (anual) | | -162.3% | +112.1% | -126.2% | -852.9% | +139.5% | +121.9% | -69.0% | -86.3% | +82.7% |
| Cambio en Acciones (anual) | | +19.0% | +9.4% | -9.1% | -9.5% | -1.5% | -1.8% | +22.3% | +16.5% | -6.9% |
| Crecimiento FCF (anual) | | -42.3% | +172.5% | -37.3% | -77.4% | +499.5% | -219.5% | +149.0% | +46.4% | -18.0% |
| Margen Bruto | -58.7% | -14.9% | 31.4% | 30.7% | 16.1% | 43.6% | 57.8% | 43.2% | 38.3% | 34.8% |
| Margen Operativo | -77.3% | -298.9% | 16.9% | 8.0% | -66.4% | 29.0% | 47.6% | 30.7% | 23.2% | 18.0% |
| Margen EBITDA | -126.7% | -300.6% | 19.8% | 7.9% | -67.2% | 35.2% | 49.6% | 36.7% | 25.2% | 27.4% |
| Margen Neto | -143.7% | -316.1% | 7.3% | -4.8% | -79.1% | 26.8% | 41.1% | 19.0% | 5.6% | 8.3% |
| Margen FCF | -63.0% | -63.3% | 32.8% | 21.1% | 6.2% | 29.5% | -26.0% | 14.1% | 23.7% | 20.8% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | 0.0% | -0.0% | -0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.90 | $-1.07 | $0.71 | $0.49 | $0.12 | $0.74 | $-0.91 | $0.36 | $0.46 | $0.40 |
| Dividendo por Acción | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.17 | $1.03 | $0.46 | $0.29 | $0.09 |
| Acciones en Circulación (Básicas) | $80.4M | $95.7M | $103.7M | $95.2M | $86.1M | $81.1M | $80.1M | $100.2M | $116.0M | $110.5M |
Qué mirar en Industrials
Aeroespacial, defensa, maquinaria, transporte. Semi-cíclicos. Clave: backlog, márgenes operativos, y conversión de FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — El mejor indicador de disciplina operativa en industriales
- ROIC — Industriales de calidad tienen ROIC >15% — el resto destruyen capital
- FCF conversion — FCF / Net Income — en industriales bueno >85%
- Deuda neta / EBITDA — Industriales cíclicos con deuda alta sufren mucho en recesión
- Capex / Ingresos — Mantener la maquinaria. <4% = posible infraversión (deterioro futuro)
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
Rentabilidad
| Rentabilidad sobre capital | 11.56% |
| Rentabilidad sobre capital invertido | 3.30% |
| Rentabilidad sobre activos | 5.04% |
| Margen bruto | 34.52% |
| Margen operativo | 18.24% |
| Margen neto | 27.88% |
Salud financiera
| Deuda / Patrimonio | 1.10 |
| Ratio corriente | 0.00 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -1.48 | -0.79 | 4.89 | -18.29 | -1.19 | 6.08 | 2.75 | 6.70 | 32.56 | 15.09 |
| P/VC | 0.23 | 0.64 | 0.53 | 0.52 | 0.39 | 0.80 | 0.64 | 0.60 | 0.45 | 0.37 |
| P/V | 2.13 | 2.48 | 1.46 | 1.34 | 0.98 | 1.47 | 1.08 | 1.13 | 1.00 | 0.86 |
| Margen Bruto | -58.7% | -14.9% | 31.4% | 30.7% | 16.1% | 43.6% | 57.8% | 43.2% | 38.3% | 34.8% |
| Margen Operativo | -77.3% | -298.9% | 16.9% | 8.0% | -66.4% | 29.0% | 47.6% | 30.7% | 23.2% | 18.0% |
| Margen Neto | -143.7% | -316.1% | 7.3% | -4.8% | -79.1% | 26.8% | 41.1% | 19.0% | 5.6% | 8.3% |