Deep Value: cash covers more than 100% of the stock price

This company holds roughly $33.2M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Stock

SVRN

Marine Shipping · Industrials

Price

$10.39

-1.23 (-10.59%)

Market Cap

$19.5M

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Sep 11, 2026 · filings through Dec 31, 2025

§How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

Dividends

Weak

Track this stock — start free trial

Share count rising — dilution

+15584.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 2K (2021) → 385K (2025)

§Winston Score History

The full picture

Oceanpal is a small marine shipping company that owns and operates dry bulk vessels. These ships carry commodities like grain, coal, and iron ore across oceans for trading companies and commodity producers. It is a micro-cap company that was spun off from Diana Shipping in 2022.

Oceanpal makes money by chartering its vessels to customers, earning daily hire rates that fluctuate with global shipping demand. The company operates internationally, moving cargo along major global trade routes. It is extremely small, with just a handful of vessels and a market capitalization near zero. Its deeply negative operating margins reflect the challenge of covering fixed costs with minimal fleet scale. The biggest risks facing Oceanpal are its lack of scale, volatile shipping rates, and the potential need to raise capital through share dilutions, which have significantly impacted existing shareholders in the past.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-37.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-31.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

38.5%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$33M cash & investments

Quarterly Free Cash Flow

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

SVRN's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

53.9%

Healthy — 53.9% gross margin

Profit after running costs

Operating Margin

-286.4%

Losing money on operations — -286.4%

Return on the money invested

ROCE

-20.1%

Weak — -20.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-47.9%

Shrinking sales (-47.9% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-8.0%

Burning cash (-8.0%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

1.37%

Small dividend — 1.37% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

N/A

—

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial