Independent equity research
Is International Seaways, Inc. (INSW) a Buy, Hold or Sell?
International Seaways, Inc. — our independent, AI-built valuation and rating, in brief.
HOLD (trim into strength)
12-mo fair value
$99.00
To fair value
−4%
By · report dated 2026-08-15 · fair value derived independently of the market price.
The thesis, in brief
INSW's $79,000/day Q2 blend is a Hormuz windfall, not earnings power: the unbooked 55% of Q2 days earned about $61,800 against a booked 45% at $100,000-plus, so Q3's 48% booked at $61,000 should blend nearer $49,000 - if Q3 instead lands above $58,000/day we are wrong on the fade and on the rating
How we value it
We value International Seaways, Inc. using Five-path unlevered DCF to a stated mid-cycle TCE, cross-checked on P/NAV and mid-cycle EV/EBITDA. The 12-month fair value is set from that intrinsic estimate first, then compared to the market to read the upside or downside — never anchored to the current price.
What the full report covers
- Business & moat + industry cycle
- Earnings quality & normalized EPS
- Returns on capital (ROIC vs WACC)
- Balance-sheet safety
- Two independent valuations (DCF + multiples)
- Bear / base / bull fair values
- Earnings-call analysis
- Insider activity & positioning
- Technicals (RSI / ADX)
- A falsifiable thesis
Read the full International Seaways, Inc. report
The complete model, the scenarios, and every number behind the call — plus other names across the coverage. One subscription, cancel anytime.