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A Look Into Industrials Sector Value Stocks

Author: Benzinga Insights | November 01, 2023 10:41am

What are Value Stocks?

A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.

The following stocks are considered to be notable value stocks in the industrials sector:

  1. Ardmore Shipping (NYSE:ASC) - P/E: 2.94
  2. Grindrod Shipping Hldgs (NASDAQ:GRIN) - P/E: 9.66
  3. Castor Maritime (NASDAQ:CTRM) - P/E: 0.41
  4. Hertz Global Holdings (NASDAQ:HTZ) - P/E: 3.11
  5. Costamare (NYSE:CMRE) - P/E: 2.21

This quarter, Ardmore Shipping experienced a decrease in earnings per share, which was $1.04 in Q1 and is now $0.57. Most recently, the company reported a dividend yield of 5.4%, which has decreased by 4.93% from last quarter's yield of 10.33%.

Grindrod Shipping Hldgs's earnings per share for Q2 sits at $0.28, whereas in Q1, they were at -0.22. Most recently, the company reported a dividend yield of 1.18%, which has increased by 0.44% from last quarter's yield of 0.74%.

Castor Maritime saw an increase in earnings per share from -0.07 in Q1 to $0.09 now. Hertz Global Holdings's earnings per share for Q3 sits at $0.7, whereas in Q2, they were at 0.72. Costamare saw a decrease in earnings per share from 0.56 in Q2 to $0.46 now. Most recently, the company reported a dividend yield of 4.78%, which has increased by 0.02% from last quarter's yield of 4.76%.

These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

Posted In: ASC CMRE CTRM GRIN HTZ

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